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ONLINE REAL ESTATE AUCTION
$5,000 Opening Bid
6,325 Sq. Ft. – Zoned R-3
6527 DETROIT AVENUE
Corner Central Avenue
Baltimore City, MD 21222
FRIDAY, APRIL 16, 2021
TUESDAY, APRIL 20, 2021 AT 11:00 A.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.
6527 Detroit Avenue is located in the Saint Helena neighborhood in Baltimore City, often generally referred to as Dundalk. Saint Helena is a relatively small neighborhood with a long history, due in large part to its location close to Baltimore’s ports and historic industries. The neighborhood runs on both sides of the City/County line, bound by Fort Holabird Park and Colgate Creek on the north, Dundalk Avenue on the east, and Edgevale Street and the train tacks on the west and south.
Dundalk Marine Terminal and Seagirt Marine Terminal are a very short distance to the south, with other nearby major employers including Amazon and Johns Hopkins Hospitals in close proximity. I-95, I-895 and The Baltimore Beltway (I-695) provide substantial additional commuter access throughout the area. Surrounding properties are predominantly bungalows and cape cods with small front and rear yards, and most homes have off-street parking.
Lot size – 55′ x 115′, more or less. Plat
All public utilities are believed to be available.
Building permits to construct a new single family dwelling were obtained by a previous owner in 2003 and 2008.
For more information about Baltimore City Zoning, please visit: Zoning – dhcd.baltimorecity.gov
In fee simple; sold free and clear of all liens
Published annual real estate taxes are $738.68, based on a full value assessment of $31,300.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Tuesday, April 20, 2021 at 4:30 P.M. 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, 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. 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.