Law Offices of Adam J. Roa, P.C.
401 Washington Avenue – Suite 803
Towson, MD 21204
$10,000 Opening Bid
Two Story Inside-Group
– Renovation Needed –
1502 EDISON HIGHWAY
Off Federal Street
Baltimore, MD 21213
Bidding Opens – Friday, August 28, 2020
TUESDAY, SEPTEMBER 1, 2020
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.
1502 Edison Highway 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.”
Rectangular lot 18’10” x 106’2″
Zoning R-6 residential
Fenced front and rear yards
Ample space for rear parking
Two story inside-group brick townhome, built in 1945, containing 1,140 square feet of living area and 570 square feet of basement space, according to public tax records. The home is believed to contain a living room, dining room, kitchen, 3 bedrooms, 2 baths, full basement and gas heat. The house needs remodeling.
The property is sold free and clear of liens, subject to an annual $120 ground rent, payable half-yearly on the first days of April and October in each and every year. Baltimore City Deed Book 740, Page 768.
Published annual real estate taxes are $1,767, based on a full value assessment of $79,333. 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.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $2,500 deposit or 10% of the purchase price, whichever is higher, payable by cashier’s check or wire payment, will be required of the purchaser by 4:30 p.m. on the day of auction, at the Auctioneers 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, 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, 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.
Auction by order of:
Adam J. Roa, Personal Representative of the Estate of Elizabeth Fisher