"Canton - Near O'Donnell Square & Canton Waterfront Park"

Featuring Live & Online Simulcast Bidding
– $150,000 Opening Bid –

THREE STORY ROWHOME
3 Bedrooms ✦ 2 Baths ✦ New Facade

Known As
3002 ELLIOTT STREET
Near S. Potomac Street
Baltimore City, MD 21224

Online Bidding Opens
MONDAY, SEPTEMBER 26, 2022

Live Onsite Auction
WEDNESDAY, SEPTEMBER 28, 2022
AT 1:00 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:
3002 Elliott Street is located in the heart of Canton in Southeast Baltimore City. The prime location is just one block south of O’Donnell Square and one block north of Canton Waterfront Park, putting the property in an ideal location to enjoy the recreational and entertainment options the area has to offer.

A wide array of well known restaurants are in close proximity, including Mama’s On the Half Shell, Dangerously Delicious Pies, Bo Brooks Crabhouse, Simply Marie’s, and many more. There are two grocery stores within approximately one-half mile, and a variety of other retail shopping options in the immediate area.

In addition to the Canton Waterfront Park and Baltimore Waterfront Promenade, Patterson Park and a number of other interior and waterfront parks provide additional options for outdoor activities and events. For those with a devout love of fitness, there are a cluster of gyms, yoga and sports facilities nearby, including Coppermine and Merritt locations within a few blocks.

The auction provides an opportunity to purchase a home and improve it to one’s own taste, utilize the property as an investment for renovation and resale, or continue the successful rental history the property has had for the past decade. The property is located within the Canton National Historic District, providing an opportunity for CHAP tax credits.

For more information about the area, please visit:
Canton – livebaltimore.com
Canton and Brewers Hill – baltimore.org

SITE:
Lot size – 15′ x 60′, more or less. Plat

Concrete patio. All public utilities.

Zoned R-8 Residential

IMPROVEMENTS:
Three story inside-group rowhome – constructed in 1920, containing 1,510 square feet of living area above grade and 450 square feet of partially finished basement space.

The home features a new front wall, including structural elements and facade, costing approximately $57,000 in 2016. See confidential information below for full job detail. The home also features vinyl-clad replacement windows, an open layout and a good amount of interior square footage.

The property has been rented for most of the past 10 years with very few vacancies. The most recent rental rate was $2,400/month.

Additional details are as follows:

Exterior – brick facade, vinyl-clad replacement windows, flat built-up roof, aluminum down spouts and rain gutters.

Interior

First Floor –

• Living room – laminate floor
• Dining area – laminate floor
• Kitchen – laminate floor

Second Floor –

• Bedroom – tile flooring, walk-in closet
• Full bath – ceramic tile floor, shower/tub

Third Floor –

• Bedroom – carpet
• Bedroom – carpet

Basement –

• Full bath – ceramic tile floor
• Laundry and storage areas

Utilities/Mechanical – gas forced air heat, CAC, gas water heater, 150 amp. electrical service

CONFIDENTIAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the full job detail.

TITLE:
Subject to an annual $30 ground rent (due in semi-annual installments on 1/1 & 7/1); sold free and clear of liens.

TAXES:
Published annual real estate taxes are $6,617.44, based on a full value assessment of $280,400.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $15,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office.

Online Auction Bidders – a 10% deposit, 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, 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.