"Biddle Street - Berea/Biddle Street National Historic District"

ONLINE REAL ESTATE AUCTION

– Berea/Biddle Street National Historic District –

TWO STORY
RENTAL TOWNHOME
– Previously Rented for $1,000/Month –

Known As:
2512 E. CHASE STREET
Off N. Milton Avenue
Baltimore City, MD 21213

BIDDING OPEN:
FRIDAY, JANUARY 22, 2021

BIDDING CLOSE:
MONDAY, JANUARY 25, 2021 AT 12:00 P.M.

– Starting Bid: $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.

LOCATION:
2512 E. Chase Street is located in the Biddle Street neighborhood in East Baltimore City. Surrounding neighborhoods include Berea, Madison -Eastend and McElderry Park. The home is located off of N. Milton Avenue, a north/south thoroughfare of East Baltimore, and a block south of E. Biddle Street, an east/west thoroughfare. Residents are within walking distance to many shops, food and entertainment options – all located within a half mile. Several large projects and development initiatives are also within a half mile of the home. The East Baltimore Development Initiative (EBDI) and large projects such as the redevelopment of the A. Hoen & Co. Lithograph building are prominent drivers in the revitalization and rebuilding of East Baltimore. Various bus routes and a metro line are all within a 15 minute walk. Major employers in the area include Johns Hopkins Hospital, Mid-Atlantic Baking Company and Ferguson Plumbing Supply.

For more information, please see:
Neighborhoods – livebaltimore.com
Berea/Biddle Street Historic District – mht.maryland.gov
Berea – Biddle – chap.baltimorecity.gov
The A. Hoen & Co. Lithograph Campus – www.crossstpartners.com
East Baltimore Development Inc. – www.ebdi.org

SITE:
Lot – 14’7″ x 70′. Plat

All public utilities

Zoned R-8, Residential

Fenced rear yard

IMPROVEMENTS:
Two story inside group brick porchfront townhome. The home was originally constructed in 1905 but has been updated to meet Section 8 requirements. The home was previously rented for $1,000 per month. MDE Lead Inspection Certificate

EXTERIOR:

• Brick facade
• Flat built-up roof
• Vinyl replacement windows
• Concrete front porch

INTERIOR:

First floor:

• Living room – laminate flooring with ceiling fan
• Dining room – carpet with ceiling fan
• Kitchen – laminate flooring

Second floor:

• Bedroom – carpet
• Bedroom – carpet
• Bathroom – laminate flooring

Basement/mechanical:

• Bonus room – concrete floor
• Mechanical room
• 50 gallon gas water heater
• Gas forced air heat
• 100 AMP electrical

TITLE:
Subject to an $84 ground rent payable in semi-annual installments on 1/20 and 7/20; sold free and clear of liens. Baltimore City Deed Book LGA Folio 17127, Liber 446

TAXES:
Published annual real estate taxes are $629.34, based on a full value assessment of $26,667.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check or wire payment, will be required of the purchaser by 12:00 p.m. on Tuesday, January 26, 2021, at the Auctioneer’s 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 easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of contract forward. 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