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ONLINE REAL ESTATE AUCTION
Starting Bid: $25,000
1407 N. LINWOOD AVENUE
Off Federal Street
Baltimore City, MD 21213
WEDNESDAY, MARCH 24, 2021
FRIDAY, MARCH 26, 2021 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.
1407 N. Linwood Avenue is located in the Berea neighborhood of east Baltimore. As described by LiveBaltimore.com, “the Berea community is situated between Broadway East and the Orangeville Industrial Area. Its borders include Milton Street, to the west, Edison Highway, to the east, Sinclair Lane, to the north, and Biddle Street, to the south. Primarily comprised of historic rowhomes, Berea offers residents a choice between large, grassy yards and low-maintenance, paved-front areas. Berea benefits a newly completed 21st Century Program school zoned for the neighborhood. Fort Worthington Elementary/Middle School was re-opened in 2017 and has turned a vacant lot across the street into a community garden for the entire neighborhood, with plots for the school and for families to grow their own food. With high rates of homeownership, the majority of the neighborhood includes well-manicured lawns, tidy porches, and abundant flower gardens. Other portions of the neighborhood are seeing broad sweeping revitalization, with many fully renovated homes coming on the market. Residents of Berea enjoy the strong sense of community; friendly and engaged neighbors; and easy access to major commuter routes, employment at Johns Hopkins’ medical campus, and Downtown.”
Lot size – 19′ x 97’6″, more or less. Plat
Partially fenced rear yard. Off-street parking potential.
All public utilities
Zoned R-6 residential, single family
Two story brick inside group porchfront townhome – constructed in 1945, containing 1,216 square feet of living area and 608 square feet of basement space.
$90 annual ground rent (due in semi-annual installments on 3/25 & 9/25); sold free and clear of all liens
Published annual real estate taxes are $1,916.32, based on a full value assessment of $81,200.
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 cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Friday, March 26, 2021 at 4:30 P.M. 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 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. 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