"Broadway East"

This Auction has been CANCELED.
Sold Prior to the Auction.

To The Highest Bidder Over $5,000

TWO STORY
BRICK TOWNHOME
– Needs Renovation –

Known As:
1513 N. WOLFE STREET
Off E. Oliver Street
Baltimore City, MD 21213

– CANCELED –

ONLINE BIDDING OPENS:
FRIDAY, SEPTEMBER 30, 2022

ONLINE BIDDING CLOSES:
MONDAY, OCTOBER 3, 2022 AT 12:00 P.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.

LOCATION:
1513 N. Wolfe Street is located in the Broadway East neighborhood of Baltimore City. Surrounding neighborhoods include Oliver, Berea, and Eager Park. According to LiveBaltimore, the area is experiencing a resurgence of investments. Recent progress in the Broadway East neighborhood includes the renovation of the American Brewery building on Gay Street, which was renovated and reopened as the headquarters of nonprofit Humanim, Inc., and the Baltimore Food Hub, a 3.5-acre campus of food-related businesses. Another development in the neighborhood is the A. Hoen Lithograph building, one of Baltimore’s architectural treasures. The building has been repurposed and provides job opportunities, job training, and neighborhood amenities. Major employers in the area include Johns Hopkins Hospital, Ferguson Plumbing Supply, and the District Court for Baltimore City. I-895 and I-95 are easily accessible from the location. Public transportation is available within walking distance from the property.

For more information, please see:
Neighborhoods – livebaltimore.com

SITE:
Lot – 13’3″ x 70′, more or less. Plat

All public utilities

Zoned R-8, Residential

IMPROVEMENTS:
Two story inside- group townhome constructed in 1905, 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; basement. The property is believed to require full renovation.

TITLE:
In fee simple; sold free and clear of liens. Baltimore City Deed Book Liber PMB 6738, folio 348.

TAXES:
Published annual real estate taxes are $141.60, based on a full value assessment of $6,000.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of auction, 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, 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. 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. A 5% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid price.