"Ellwood Park"

ONLINE REAL ESTATE AUCTION

TWO RENTAL
TOWNHOMES
Combined Rent of $1,955/Month

Known As:
414 N. BOULDIN STREET
Baltimore City, MD 21224

AND

506 N. BOULDIN STREET
Baltimore City, MD 21205
Off Orleans Street

BIDDING OPENS:
MONDAY, SEPTEMBER 27, 2021

BIDDING CLOSES:
WEDNESDAY, SEPTEMBER 29, 2021 AT 11:30 A.M.

– $40,000 OPENING BID PER PROPERTY –

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:
414 and 506 N. Bouldin Street are located in the Ellwood Park/Monument neighborhood of East Baltimore City. Surrounding neighborhoods include Baltimore Highlands and McElderry Park. The homes are located in a bustling area of East Baltimore – close to the shops, restaurants and community services on Monument Street, an easy walk to Patterson Park and stabilized by the presence of world renowned Johns Hopkins Hospital. Commuters within the area can take advantage of Orleans Street to the south for east/west travel and Broadway to the west for north/south travel. Various bus routes and a metro line are all within a 15 minute walk. Major employers in the area include Johns Hopkins Hospital, Mid-Atlantic Baking Company and Ferguson Plumbing Supply.

For more information, please see:
Neighborhoods – livebaltimore.com

SITE:
414 N. Bouldin Street: 15′ 7″ x 70′. Plat
506 N. Bouldin Street: 15′ 6″ x 70′. Plat

Zoned Residential
All public utilities
Fenced rear yards

IMPROVEMENTS:
Two 2-story brick inside group rental townhomes, constructed in 1924, according to public tax records.

414 N. Bouldin Street: Contains 976 square feet of living space and 448 square feet of basement space. The home contains living room, eat in kitchen, half bathroom, on first floor; two bedrooms and bathroom, on second floor; unfinished basement. The home is rented for $975 per month on a month-to-month lease.

506 N. Bouldin Street: Contains 920 square feet of living space and 420 square feet of basement space. The home contains living room, eat in kitchen, half bathroom, on first floor; two bedrooms and bathroom, on second floor; unfinished basement. The home is rented for $980 per month.

Both tenants are current. Properties are lead safe. MDE Lead Inspection Certificates

ADDITIONAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the leases and rental license inspections.

TITLE:
414 N. Bouldin Street:
Property is subject to a $78 ground rent payable in semi-annual installment on 3/1 and 9/1. The property is also subject to the payment of a registered annual sub-rent of $240, payable in semi-annual installments on 6/30 and 12/30; sold free and clear of liens.

506 N. Bouldin Street:
In fee simple; sold free and clear of liens.

TAXES:

MANNER OF SALE:
Both 414 and 506 N. Bouldin Street will be offered individually and the bids reserved. Then, both properties will be offered as an entirety. The sale will be made in the manner producing the greater amount.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACTS FOR THE COMPLETE TERMS OF SALE:
A $5,000 deposit per property ($10,000 if sold as an entirety), 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 Wednesday, September 29, 2021 at 4:00 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. 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. 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 lease 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.

NO BUYER’S PREMIUM