Terms Of Sale:
A $3,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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.
ONLINE REAL ESTATE AUCTION
2685 WILKENS AVENUE
Near S. Brunswick Street
Baltimore City, MD 21223
TUESDAY, NOVEMBER 14, 2023
THURSDAY, NOVEMBER 16, 2023 AT 12:30 P.M.
– Starting Bid: $10,000 –
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.
2685 Wilkens Avenue is located in the Mill Hill neighborhood in southwest Baltimore City. Surrounding neighborhoods include Wilhelm Park, Gwynns Falls, Shipley Hill and Carrollton Ridge. Among the best known parts of Mill Hill is St. Benedicts Church and Parish, a congregation with approximately 130 years of history in the neighborhood. The property is located on Wilkens Avenue, which features various retail shops, restaurants and entertainment venues. Bus lines and other public transportation options are available on Wilkens Avenue, Fulton Avenue and Monroe Street. Gwynns Falls Park, located less than 10 minutes away, offers various recreational activities such as trail hiking and golf courses. The property is also located approximately 10 blocks west of Baltimore’s Inner Harbor. Nearby employers include Bon Secours Hospital, St. Agnes Hospital, the Horseshoe Casino, and many others throughout the Carroll-Camden industrial area, Stadium Complex and Downtown Baltimore. Monroe Street (US-1) provides proximate access to the Baltimore Washington Parkway (MD-295) and I-95.
For more information, please see:
Lot – 14′ x 80′, more or less. Plat
All public utilities
Zoned R-8, approved for two dwelling units
Two story inside group townhome, arranged for two units, constructed in 1927, according to public tax records. The home is believed to contain two 2-bedroom and one bath units. There is believed to be two electric meters at the property.
The home requires a clean out and full renovation.
Subject to a $72 ground rent payable in semi-annual installments on 4/7 and 10/7; sold free and clear of liens. Baltimore City Deed Book Liber FMC Liber 6472, Folio 1439.
Published annual real estate taxes are $448.40, based on a full value assessment of $19,000.
SUMMARY TERMS OF SALE:
A $3,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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% buyer’s premium will be added to the final bid price.