This Auction has been CANCELED.
Sold Prior To The Auction.
ONLINE REAL ESTATE AUCTION
~Currently Rented for $1,550~
924 E. PATAPSCO AVENUE
Baltimore City, MD 21225
– CANCELED –
MONDAY, JUNE 27, 2022
TUESDAY, JUNE 28, 2022 AT 11:00 A.M.
– Bidding Starts at: $40,000 –
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.
924 E. Patapsco Avenue is located in the Brooklyn neighborhood of South Baltimore. The community was shaped by the shipping industries surrounding it and has the advantages of living in a large metropolitan city with the comfort of a small town. The property sits on E. Patapsco Avenue, which conveniently features retail, dining and entertainment options. Close by on Ritchie Highway there is a Shoppers Food Warehouse (1.9 miles) and the Brooklyn Park Community Library (1.3 miles). Major employers in the area include MedStar Harbor Hospital (2.4 miles) and the Maryland Cruise Terminal (2.5 miles), in addition to the local industrial jobs within the community. Brooklyn provides commuters easy and convenient access to major highways including I-95 (3 miles), I-695 (2.3 miles) and I-895 (0.9 mile).
For more information, please see:
Neighborhoods – livebaltimore.com
Rectangular lot – 20′ x 113′. Plat
Zoning OR-1, single family
All public utilities
Partially fenced rear yard
Two story inside group townhome, built in 1943, contains 1,440 square feet of living area and 720 square feet of basement space, according to public tax records. The building is arranged for two self-contained units. Each unit contains living room, den, kitchen, bedroom and bathroom. Each unit is rented to long term tenants for $775/month. All tenants are current. The property is lead free.
Please complete a Waiver and Confidentiality Agreement form to view the leases.
Published annual real estate taxes are $1,854.74, based on a full value assessment of $78,967.
In fee simple; sold free and clear of liens. Baltimore City Deed Book Liber MB 23333, folio 382.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 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. 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.