"Madison - Eastend"

A $3,000 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 December 4, 2024 at 4 P.M. A 5% buyer’s premium will be added to the final bid price. Subject to a minimum fee of $2,500. 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. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

$15,000 Opening Bid

MADISON – EASTEND

TWO STORY
TOWNHOME
– Full Renovation Required –

Known As:
2818 E. MADISON STREET
Near N. Linwood Ave.
Baltimore City, Maryland 21205

BIDDING OPENS:
MONDAY, DECEMBER 2, 2024

BIDDING CLOSES:
WEDNESDAY, DECEMBER 4, 2024
AT 11:00 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:
2818 E. Madison Street is located in the Madison Eastend neighborhood of East Baltimore City. Surrounding neighborhoods include McElderry Park, Ellwood Park and Milton Montford. The home is located in the bustling area of East Baltimore, stabilized by the presence of world renowned Johns Hopkins Hospital. The home is close to the shops, restaurants and community services on Monument Street, one block south. The home is located near Frank C. Bocek Park, a local city park that offers basketball courts, sports fields and a playground. Commuters within the area can take advantage of Orleans Street to the south for east/west travel and Broadway to the west for north/south travel. Various bus routes and a metro line are all within a 15 minute walk. Major employers in the area include Johns Hopkins Hospital, Mid-Atlantic Baking Company and Ferguson Plumbing Supply.

For more information, please see:
Neighborhoods – livebaltimore.com

SITE:
Rectangular lot – 13′ x 68′, more or less. Plat

Zoning R-8, residential

All public utilities

IMPROVEMENTS:
Two story brick inside group shell townhome. According to public tax records, the property was constructed in 1920. The home has fire damage and requires full renovation.

TITLE:
In fee simple; Sold free and clear of all liens. Baltimore City Deed Book MB 21666, page 6.

TAXES:
Published annual real estate taxes are $302.08, based on a full value assessment of $12,800.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 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 December 4, 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% buyer’s premium will be added to the final bid price. Subject to a minimum fee of $2,500.