"East Baltimore Midway"

This Auction has been CANCELED.

TO THE HIGHEST BIDDER OVER $5,000

EAST BALTIMORE MIDWAY

TWO STORY
SHELL TOWNHOME

Known As:
541 E. 23RD STREET
Near Greenmount Avenue
Baltimore City, Maryland 21218

CANCELED

BIDDING OPENS:
MONDAY, APRIL 21, 2025

BIDDING CLOSES:
TUESDAY, APRIL 22, 2025
AT 11:30 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:
541 E. 23rd Street is located in the East Baltimore Midway neighborhood of east Baltimore City. Surrounding neighborhoods include Coldstream Homestead Montebello, Barclay and Oliver. The surrounding area is a mix of educational facilities, recreation buildings and townhomes. The neighborhood is located between Greenmount Avenue, Harford Road, North Avenue and 25th Street, providing good access to Penn Station (1.2 miles southwest), Downtown (2.2 miles southwest), and the Jones Falls Expressway (I-83, 1.4 miles west). According to LiveBaltimore.com, “East Baltimore Midway is a revitalizing neighborhood in East Baltimore offering a variety of rowhouse styles at affordable prices. Former industrial buildings in the area have been converted to dual-purpose artist live and work spaces. The neighborhood also offers new construction and renovated rowhomes. Residents enjoy a central location close to public transportation, Penn Station, Light Rail and the Station North Arts and Entertainment District, as well as two public parks and the amenities of the Cecil Kirk Recreation Center.” Major employers nearby include Johns Hopkins Hospital, Morgan State University, and MedStar Union Memorial Hospital.

For more information, please see:
East Baltimore Midway – livebaltimore.com
City of Baltimore – www.baltimorecity.gov
East Baltimore-Midway – places.baltimoreheritage.org

SITE:
Rectangular lot – 13’9″ x 86’9″, more or less. Plat

Zoning R-8, residential

All public utilities

IMPROVEMENTS:
Two story inside group shell townhome, constructed in 1924, according to public tax records. The home is in shell condition and requires complete rehabilitation.

TITLE:
$96 annual ground rent; Sold free and clear of all liens. Baltimore City Deed Book MB 21804, folio 291.

TAXES:
Published annual real estate taxes are $500.38, based on a full value assessment of $19,667.

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 4:00 P.M. on the day of the auction. 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% or $2,500 buyer’s premium, whichever is greater, will be added to the final bid price.