"Broadway East"

 ONLINE REAL ESTATE AUCTION 

TWO STORY
BRICK TOWNHOME

Known As:
1318 N. MONTFORD AVENUE
Off E. Preston Street
Baltimore City, MD 21213

BIDDING OPENS:
TUESDAY, JULY 19, 2022

BIDDING CLOSES:
THURSDAY, JULY 21, 2022 AT 11:15 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.

LOCATION:
1318 N. Montford Avenue is located in the Broadway East neighborhood in East Baltimore City. Surrounding neighborhoods include Gay Street, Oliver and East Baltimore Midway. According to LiveBaltimore, the neighborhood has experienced a resurgence in investment, of which, some notable ones feature American Brewery building on Gay Street, the non-profit Humanim, Inc., and the Baltimore Food Hub campus which hosts several food related businesses. Another development in the neighborhood is the Hoen Lithograph building, one of Baltimore’s architectural treasures. The building has been repurposed and provides job opportunities, job training, and neighborhood amenities. The property is also located within a mile distance of Clifton Park, which offers an array of recreational activities such as an 18-hole golf course and clay tennis courts. Major employers in the area include Johns Hopkins Hospital, Ferguson Plumbing Supply, and the District Court for Baltimore City.

For more information, please see:
Broadway East – livebaltimore.com
Clifton Park – bcrp.baltimorecity.gov
Hoen & Co Lithogragh Building – hoen.co

SITE:
Lot – 13’2” x 70′, more or less. Plat

All public utilities

Zoned R-8

IMPROVEMENTS:
Two story inside group townhome constructed in 1920, according to public tax records. The home is believed to be arranged for living room, dining room, and kitchen, on first floor; three bedrooms and bath, on second floor; unfinished basement. The property is tenant occupied, with an eviction process having commenced.

TITLE:
$60 annual ground rent payable in semi-annual installments on 01/10 and 07/10; sold free and clear of liens. Baltimore City Deed Book FMC 8233, folio 80.

TAXES:
Published annual real estate taxes are $763.06, based on a full value assessment of $32,333.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 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. 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. 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. No buyer’s premium.