"Harwood"

A $10,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by March 12, 2024 at 4 P.M. 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% or $2,500 buyer’s premium, whichever is greater, 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.

$50,000 Opening Bid

HARWOOD

END OF GROUP
TOWNHOME

Known As:
2501 BARCLAY STREET
Off 25th Street
Baltimore City, Maryland 21218

BIDDING OPENS:
MONDAY, MARCH 11, 2024

BIDDING CLOSES:
TUESDAY, MARCH 12, 2024
AT 12:30 P.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:
2501 Barclay Street is located in the Harwood neighborhood of Baltimore City. Surrounding neighborhoods include Charles Village, Abell and Better Waverly. Johns Hopkins University is approximately one-half mile west. Penn Station is a little over one mile south. Surrounding properties are comprised predominantly of rowhomes and attached commercial and mixed-use buildings.

The area has seen significant development over the past couple of decades. New buildings throughout the Johns Hopkins campus have and continue to be built, with Station North and nearby Remington also receiving a lot of attention for major projects. Old Goucher, Barclay, Harwood and Better Waverly have also seen new buildings and robust revitalization, but going about it more quietly. Major projects along Greenmount Avenue, North Avenue and 25th Street highlight much of the activity, with new and fully renovated townhomes through the neighborhood.

For more information about the area, please visit:
Neighborhoods – livebaltimore.com
Station North Arts District – www.stationnorth.org

SITE:
Rectangular lot – 14′ x 90′, more or less. Plat

Zoning R-8, residential

All public utilities

IMPROVEMENTS:
Two story end of group townhome, constructed in 1900, containing 1,120 square feet of living area and 560 square feet of basement space, according to public tax records. The home contains three bedrooms and bathroom, kitchen, living room, dining room. Cosmetic repairs are needed.

The home is vacant.

TITLE:
In fee simple; Sold free and clear of all liens. Baltimore City Deed Book FMC 13403, folio 485.

TAXES:
Published annual real estate taxes are $2,203.46, based on a full value assessment of $93,367.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by March 12, 2024 at 4 P.M. 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, ground rent and 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. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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% or $2,500 buyer’s premium, whichever is greater, will be added to the final bid price.