ONLINE REAL ESTATE AUCTION
1214 N. LUZERNE AVENUE
Off E. Biddle Street
Baltimore City, MD 21213
TUESDAY, JULY 19, 2022
THURSDAY, JULY 21, 2022
AT 11:00 A.M.
– Bidding Starts at: $25,000 –
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.
1214 N. Luzerne Avenue is located in the Berea neighborhood in east Baltimore. Surrounding neighborhoods include Belair-Edison, Broadway East and Biddle Street. Shopping is nearby, including at the Erdman Shopping Center and along Monument Street, Orleans Street and Pulaski Highway. The property is convenient to a number of major employment centers, including both Johns Hopkins Hospital and Bayview campus, Downtown Baltimore and the ports and marine terminals to the south. Clifton Park and Patterson Park are located approximately 1 mile away, offering various recreational activities such as an 18-hole golf course, clay tennis courts, and ice rinks. I-895 and I-95 are easily accessible from the location.
Rectangular lot – 14′ x 68′. Plat
All public utilities
Zoned R-8 Residential
Two story brick inside-group townhome constructed in 1916, according to public records. The home is believed to contain a living room, dining room, kitchen, on the first floor; three bedrooms and bathroom, on the second floor; unfinished basement. The property is currently rented for $1,650 per month plus $120 for water. The tenant is in arrears.
Please complete a Waiver and Confidentiality Agreement form to view the lease.
Published annual real estate taxes are $479.86, based on a full value assessment of $20,333.
Subject to an annual $60 ground rent (due in semi-annual installments on 6/9 & 12/9); sold free and clear of liens. Baltimore City Deed Book MB 18674, Page 286.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or 10% of the purchase 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. All adjustments, including taxes, rents, 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 settlement and assumed thereafter by the purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, 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. Purchaser acknowledges that he/she has received all due diligence information from Auctioneer, including but not limited to the lease, lead certificate, notice of tenant delinquency and tenant forfeiture of security deposit. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.