"Berea"

REAL ESTATE AUCTION

Two Story Porchfront
TOWNHOME

Sale On Premises
3106 E. BIDDLE STREET
Near Edison Highway
Baltimore City, MD 21213

TUESDAY, SEPTEMBER 19, 2017
AT 11:10 A.M.

– Suggested Opening Bid: $2,500 –

      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:
3106 E. Biddle Street is located in the Berea neighborhood in east Baltimore City. The neighborhood runs on the western side of Edison Highway from Biddle Street up to Sinclair Lane. The location is proximate to employers along Edison Highway, Monument Street and Haven Street. Johns Hopkins Bayview Medical Center is within two miles, in close proximity to I-895, which offers good access to major employment centers throughout the area. Erdman Shopping Center, which offers a grocery store, restaurants and retail businesses, is less than one mile to the north.

For more information about Berea, please visit:
https://livebaltimore.com/neighborhoods/berea/

SITE:
Rectangular lot 15′ x 70′, more or less

Zoning R-7, residential

All public utilities

IMPROVEMENTS:
Two story brick inside-group covered porchfront townhome – constructed in 1928, containing 1,030 square feet of living area and 515 square feet of basement space, according to public tax records. The home is arranged for a living room, dining room and family room on the first floor; three rooms and bath, on the second floor; partially finished basement with club room and kitchen. The home is in need of renovation.

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,529.28 based on a full value assessment of $64,800.

TERMS OF SALE:
A $2,500 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. 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 easements, agreements, housing code violation notices, 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!