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ONLINE REAL ESTATE AUCTION
1208 N. POTOMAC STREET
Off E. Preston Street
Baltimore City, MD 21213
MONDAY, JUNE 13, 2022
TUESDAY, JUNE 14, 2022
AT 12:00 NOON
– Bidding Starts at: $20,000 –
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.
1208 N. Potomac Street is located in the Berea neighborhood in east Baltimore. Surrounding homes are comprised predominantly of brick townhomes constructed between the early 1900s and 1960s. The property is convenient to a number of major employment centers, including both Johns Hopkins East Baltimore and Bayview campuses, Downtown Baltimore and the ports and marine terminals to the south. There are also a number of employers in the immediate vicinity, around Orangeville and the surrounding area. I-895 and I-95 are easily accessible from the location. Shopping is nearby, including at the Erdman Shopping Center and along Monument Street, Orleans Street and Pulaski highway.
Rectangular lot – 15’6″ x 70′. Plat
All public utilities
Off-street parking potential
Zoned R-8 Residential
Two story brick inside-group covered porchfront townhome – constructed in 1927, containing 1,128 square feet of living area and 660 square feet of basement space. The home is arranged as follows:
First floor –
Second floor –
Published annual real estate taxes are $1,533.22, based on a full value assessment of $64,967.
Subject to an annual $96 ground rent (due in semi-annual installments on 2/27 & 8/27); sold free and clear of liens. Baltimore City Deed Book MB 24069, Page 314.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or 10% of the purchaser price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, 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, subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. The Property will be sold subject to Baltimore City violation notices, if any. 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.