"Broadway East"

 ONLINE REAL ESTATE AUCTION 

TWO STORY
BRICK TOWNHOME

Known As:
2114 E. HOFFMAN STREET
Off N. Patterson Park Ave.
Baltimore City, MD 21213

BIDDING OPENS:
MONDAY, SEPTEMBER 19, 2022

BIDDING CLOSES:
TUESDAY, SEPTEMBER 20, 2022 AT 12:45 P.M.

– Bidding Starts at $30,000 –

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:
2114 E. Hoffman Street is located in the Broadway East neighborhood in East 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 – 13’6″ x 70′, more or less. Plat

All public utilities

Zoned R-8, Residential

IMPROVEMENTS:
Two story inside group townhome constructed in 1914, 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:
$40.50 annual ground rent payable in semi-annual installments on 01/01 and 07/01; sold free and clear of liens. Baltimore City Deed Book MB 24903, folio 76.

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 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 4:00 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. 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 and 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, 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. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.