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ONLINE REAL ESTATE AUCTION
At the Risk & Expense of the Prior Defaulting Contract Purchaser
ONE STORY BUILDING &
2 SHELL HOMES
2245-2249 McELDERRY STREET
Baltimore City, MD 21205
FRIDAY, AUGUST 21, 2020
TUESDAY, AUGUST 25, 2020 AT 12:45 P.M.
– Starting Bid: $10,000 –
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.
2245-2249 McElderry Street is located in the C.A.R.E neighborhood of east Baltimore City. Surrounding neighborhoods include Butcher’s Hill, Patterson Place and McElderry Park. The properties sit near the community business district located along E. Monument Street, comprising retail stores, restaurants, community services and the Northeast City Market. The Northeast City Market, where residents can find food, grocery and other retail vendors is one of Baltimore’s 6 public markets. In 2012, the market received a $2 million renovation giving the market a more inviting look. Commuters can take advantage of Orleans Street to the south for east/west travel and I-83 for north/south travel. Major employers in the area include Johns Hopkins Hospital and the Mid-Atlantic Baking Company.
For more information, please see:
Neighborhoods – livebaltimore.com
2245 McElderry Street: 21’9″ x 154’9″
2247 McElderry Street: 13’6″ x 77’11”
2249 McElderry Street: 14′ x 75’5″
Zoned R-8 Residential
All public utilities
Potential for new home development or alternative use. The properties are located within close proximity to federal opportunity zones.
One story building accompanied by two shell homes.
TITLE & TAXES:
Sold free and clear of liens.
|2245 McElderry Street||Fee Simple||$859.04||$36,400|
|2247 McElderry Street||Fee Simple||$332.76||$14,100|
|2249 McElderry Street||$78 payable in semi-annual
installments on 3/6 and 9/6
SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Tuesday, August 25, 2020 at 12:45 P.M. (the bid closing). 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. 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 agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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. 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