"Bayview"

Live Auction Bidders – A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is due by 4:00 p.m. on the day of auction at the auctioneers 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 see the Sample Contract.

Featuring Live & Online Simulcast Bidding
TO THE HIGHEST BIDDER OVER $100,000

BAYVIEW

TWO STORY
PORCHFRONT TOWNHOME

Known As:
323 DREW STREET
Off Eastern Avenue
Baltimore City, Maryland 21224

ONLINE BIDDING OPENS:
MONDAY, AUGUST 21, 2023

LIVE ONSITE AUCTION:
WEDNESDAY, AUGUST 23, 2023 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:
323 Drew Street is located in the Bayview neighborhood of eastern Baltimore City. Surrounding neighborhoods include Greektown, Canton and, more generally, Dundalk. The small neighborhood consists of wide townhomes with front porches perfect for the summer months. Eastern Avenue, one of Baltimore’s main east/west roads, is immediately south and has dining, retail and entertainment options available. Anchored by the Johns Hopkins Hospital, Bayview Campus, the surrounding area has seen an increase in development including the new Yard 56 mixed use development featuring a fitness facility, supermarket, bank, offices and more eateries. The property is conveniently located, being proximate to both downtown Baltimore City and Baltimore County. I-95, I-695, and I-895 are also located within a short distance. Major employers in the area include Johns Hopkins Bayview Campus, MTA Eastern Division, Abacus Corporation and the shops at Canton Crossing.

For more information about the area, please visit:
Bayview – livebaltimore.com
School Profiles – www.baltimorecityschools.org
Bayview – www.niche.com

SITE:
Lot – 15′ x 95′, more or less. Plat

All public utilities

Zoned R-7 Residential

IMPROVEMENTS:
Two story inside-group porchfront townhome, constructed in 1941, containing 1,260 square feet of living area and 520 square feet of basement space, according to public tax records. The home is believed to contain living room, dining room, kitchen, on the first floor; three bedrooms and bathroom, on the second floor; unfinished basement.

TITLE:
In fee simple; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,640.06, based on a full value assessment of $111,867.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is due by 4:00 p.m. on the day of auction at the auctioneers 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 property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. Purchaser assumes the risk of loss from the date of contract forward. 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.