"Coldstream-Homestead-Montebello"

REAL ESTATE AUCTION

MIXED USE BUILDING
2 Apartments, Storefront, Garage

Sale On Premises
2510 ROBB STREET
Near E. 25th Street
Baltimore City, MD 21218

WEDNESDAY, SEPTEMBER 11, 2019
AT 11:00 AM

– Suggested Starting Bid: $35,000 –

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:
2510 Robb Street is located in the Coldstream-Homestead-Montebello neighborhood of northeast Baltimore. Surrounding neighborhoods include Better Waverly, Darley Park and East Baltimore Midway. The property is located within close proximity to Clifton Park, which features a full 18-hole golf course, tennis courts and baseball diamonds, along with other recreational fields. The property is near Harford Road (0.3 mile), which features dining, retail and entertainment options. Commuters may take advantage of Harford Road for north/south travel and North Avenue (0.8 mile) for east/west travel, both roads having many public transportation routes. Notable employers in the area include MTA Kirk Avenue Bus Division (0.7 mile), Cloverland Green Spring Dairy (1.1 miles) and Johns Hopkins University (2.2 miles).

For more information, please see:
https://livebaltimore.com/neighborhoods/coldstream-homestead-montebello/

SITE:
Lot – 16′ x 75′, more or less

All public utilities

Zoned R-6 Residential, approved for 2 dwelling units and carry out

IMPROVEMENTS:
Two story end of group brick porchfront townhome with garage – according to public tax records, the home was constructed in 1920. The home is currently arranged for a storefront on the basement level and two one-bedroom apartments above. Both apartment units and the garage are currently rented for a total of $1,550 a month.

TITLE:
In fee simple, sold free and clear of liens.

TAXES:
Published annual real estate taxes are $708, based on a full value assessment of $30,000. Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $2,500 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. 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, 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. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the leases of the tenants in place. 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.

No Buyer’s Premium!