"McElderry Park"

A 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 p.m. on the date of auction closing. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount. A 5% buyer’s premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

$25,000 Opening Bid

McELDERRY PARK

TWO STORY TOWNHOME
3 Bedrooms & Bath
Certified Lead Free

Known As
2420 McELDERRY STREET
Baltimore, MD 21205

Online Bidding Opens
MONDAY, JANUARY 16, 2023

Online Bidding Closes
WEDNESDAY, JANUARY 18, 2023
AT 11:15 A.M.

NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
2420 McElderry Street is located in the McElderry Park neighborhood of east Baltimore, five blocks east of Johns Hopkins Hospital. The surrounding neighborhood is a mixture of residential and commercial land uses, with new residential construction underway. Shopping and public transportation are a short walk from the home.

For additional information:
McElderry Park – livebaltimore.com

SITE:
Rectangular lot 13′ x 71′. Plat
Zoning R-8, residential
Public utilities
Fenced rear yard with wood deck

IMPROVEMENTS:
Two story inside-group formstone front brick townhome, vinyl-clad double-hung windows, built up roof. The house is currently vacant.

First Floor

• Living Room – wood floor
• Dining Room – wood floor
• Kitchen – vinyl floor, wood cabinets, laminate counters, gas range/oven, dishwasher, refrigerator

Second Floor

• Bedroom #1 – carpeting over wood
• Bedroom #2 – carpeting over wood
• Bedroom #3 – carpeting over wood
• Full Bathroom – ceramic tile floor

Basement

• Unfinished
• Laundry Area with washer and dryer

Mechanical – gas forced air heat, gas water heater, circuit breakers

Certified lead free – MDE Lead Inspection Certificate

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book 9840, Page 362.

TAXES:
Published annual real estate taxes are $991, based on a full value assessment of $42,000.
Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process – dat.maryland.gov

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 p.m. on the date of auction closing. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the purchaser. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. If the Seller is unable to convey good and marketable title, the purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.