"Kresson - Johns Hopkins Bayview Area"

A $7,500 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of auction, at the Auctioneer’s office. 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 please see the Sample Contract.

$50,000 Opening Bid

KRESSON
Johns Hopkins Bayview Area

END-OF-GROUP
TOWNHOME
– Renovation Required –

Known As:
30 N. KRESSON STREET
Near E. Lombard Street
Baltimore City, Maryland 21224

BIDDING OPENS:
TUESDAY, APRIL 15, 2025

BIDDING CLOSES:
THURSDAY, APRIL 17, 2025
AT 12:00 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:
30 N. Kresson Street is located in the Kresson neighborhood of southeast Baltimore City. Surrounding neighborhoods include the Canton Industrial Area, Baltimore Highlands and Greektown. The surrounding area has been a target for redevelopment within the previous decade. Yard 56 (1 mile) is a recently developed mixed use shopping center with entertainment, retail and restaurant space. In Highlandtown, on Eastern Avenue (0.8 mile), there has been a revitalization of shops, restaurants and community centers. The home has terrific proximity to major commuting routes – I-95, I-895 and Route 40 are all within 5 minutes. Major employers in the area include Johns Hopkins Bayview Medical Center, Mid-Atlantic Baking and various port/marine employers in the Canton Industrial Area.

For more information, please see:
Neighborhoods – livebaltimore.com
Southeast Community Development Corporation – www.southeastcdc.org
CityView Map – cityview.baltimorecity.gov

SITE:
End-of-Group Rectangular Lot – 14′ x 80′ , more or less. Plat

Alley access through rear

Zoned I-2, Approved for residential single family use

All public utilities

IMPROVEMENTS:
Two story end-of-group townhome, constructed in 1900, containing 1,344 square feet of living area and 672 square feet of basement space, according to public tax records. The house is believed to contain living room, dining room and kitchen, on the first floor; three bedrooms and one bathroom, on the second floor; unfinished basement.

More information coming soon.

TITLE:
In Fee Simple; sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $2,474.86 based on a full value assessment of $104,867

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 $7,500 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of auction, at the Auctioneer’s office. 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 Seller makes no representations or warranties as to the condition of the Property or any improvements thereon and Purchaser acknowledges and agrees to purchase the Property in its “AS IS/WHERE IS” “WITH ALL FAULTS” condition and basis, subject to all easements, agreements, restrictions or covenants of record, zoning, and all laws, regulations, and governmental rules 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 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.