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The property will be open 1 hour prior to the live onsite auction and is also available to view per the following instructions:
Request Access to Property
Once the completed form has been received, you will receive inspection instructions via email. Inspection requests are normally answered Mon.-Fri. 9 am – 4 pm.
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. No buyer’s premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see Sample Contract.
Holloway & Sullivan, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202
$25,000 Starting Bid
Two Story, Porchfront
– Renovation Needed –
457 DREW STREET
Off Eastern Avenue
Baltimore, MD 21224
Sale On Premises
TUESDAY, NOVEMBER 28, 2023
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.
457 Drew Street is located in the Bayview neighborhood of eastern Baltimore City. Surrounding neighborhoods include Greektown, Canton and 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.
Level, rectangular lot – 15’6″ x 95′. Plat
Zoning R-7, residential
14′ alley in rear
Two Story Inside-Group Townhome, built in 1929, containing 1,068 square feet of living area and 608 square feet of basement space.
Exterior – brick, covered front porch, built-up roof, vinyl-clad double-hung windows
Interior – living room, dining room, kitchen, 3 bedrooms and bath. The home is currently boarded for security (see access instructions) and needs renovation.
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book MB 24880, Page 92.
Published annual real estate taxes are $1,940, based on a full value assessment of $90,600.
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 $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. 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 housing violation notices, easements, agreements, restrictions or covenants of record affecting same, 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.
No buyer’s premium.
J. Michael Holloway, Personal Representative of the Estate of Joan Buresch