"Brooklyn"

BROOKLYN

TWO STORY
TOWNHOME

Known As
4003 8TH STREET
Off E. Patapsco Avenue
Baltimore, MD 21225

BIDDING OPENS:
MONDAY, OCTOBER 24, 2022

BIDDING CLOSES:
WEDNESDAY, OCTOBER 26, 2022 AT 12:00 P.M.

– Suggested Starting Bid: $30,000 –

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.

LOCATION:
4003 8th Street is located in the Brooklyn neighborhood of South Baltimore City. The community was shaped by the shipping industries surrounding it and has the advantages of living in a large metropolitan city with the comfort of a small town. The property sits off of E. Patapsco Avenue, which conveniently features retail, dining and entertainment options. Close by on Ritchie Highway are a Shoppers Food Warehouse (1.9 miles) and the Brooklyn Park Community Library (1.1 miles). Major employers in the area include MedStar Harbor Hospital (1.9 miles) and the Maryland Cruise Terminal (3.2 miles), in addition to local industrial jobs within the community. Brooklyn provides commuters easy and convenient access to major highways, including I-95 (3 miles), I-695 (2.3 miles) and I-895 (0.9 mile).

For more information about the area, please visit:
Neighborhoods – livebaltimore.com

SITE:
Lot size – 16′ x 100′, more or less. Plat

Zoned R-6, residential

All public utilities

IMPROVEMENTS:
Two-story inside-group townhome – constructed in 1942, containing 1,088 square feet of living area and 544 square feet of basement space, according to public tax records. The home is arranged for a living room, dining room and kitchen, on first floor; three bedrooms and bathroom, on second floor; unfinished basement. The property is vacant and is believed to require renovation.

More information coming soon.

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

TAXES:
Published annual real estate taxes are $1,399.48 based on a full value assessment of $59,300.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 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 Wednesday, October 26, 2022 at 4:00 P.M. 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.

test BW description