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ONLINE REAL ESTATE AUCTION
TWO STORY BRICK
523 N. BOULDIN STREET
Off Jefferson Street
Baltimore City, MD 21205
MONDAY, MARCH 21, 2022
TUESDAY, MARCH 22, 2022
AT 12:00 NOON
– Bidding Starts at: $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.
523 N. Bouldin Street is located in the Ellwood Park – Monument neighborhood in east Baltimore. Surrounding neighborhoods include Patterson Park, Baltimore Highlands and McElderry Park. The home is in close proximity to a number of parks, including Patterson Park, Ellwood Avenue Park and Bocek Park. The property is roughly equidistant from both Johns Hopkins East Baltimore and Bayview campuses. Many other major employers are in close proximity, including those in Downtown Baltimore, near the ports and along the I-95 and I-895 corridors. Shopping and dining options can be found along Monument Street, Orleans Street and throughout the surrounding area.
Rectangular lot – 15’6″ x 70′. Plat
All public utilities
Off-street parking potential
Zoned R-8 Residential
Two story brick inside-group covered porchfront townhome – constructed in 1924, containing 840 square feet of living area above grade and 500 square feet of basement space. The home has been largely updated, with new drywall, flooring, bathroom and kitchen finishes, but still requires completion. The home contains living room, dining room and kitchen, on the first floor; two bedrooms and bathroom, on the second floor; unfinished basement with a flush.
Published annual real estate taxes are $1,187.08, based on a full value assessment of $50,300.
Subject to an annual $96 ground rent (due in semi-annual installments on 5/6 & 11/6); sold free and clear of liens. Baltimore City Deed Book MB 22591, Page 164.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or 10% of the purchaser price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. The Property will be sold subject to Baltimore City violation notices, if any. 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.