ONLINE REAL ESTATE AUCTION
TWO STORY BRICK
– Rented for $1,000/Month –
539 N. HIGHLAND AVENUE
Corner of McElderry Street
Baltimore City, MD 21205
FRIDAY, APRIL 30, 2021
TUESDAY, MAY 4, 2021 AT 11:30 A.M.
– Bidding Starts at: $25,000 –
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.
539 N. Highland Avenue is located in the Ellwood Park/Monument neighborhood in East Baltimore City. Surrounding neighborhoods include Baltimore Highlands and McElderry Park. The home is located in a bustling area of East Baltimore. Within a half mile of the home are grocery stores, restaurants, community centers and retail shops. The area is 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.
Rectangular lot – 15′ x 77’6″. Plat
Zoning R-8, residential
All public utilities
Two story end-of-group townhome, built in 1924, and contains 1,581 square feet of living area and 690 square feet of basement space, according to public tax records. The home is divided on the first floor for a kitchen and dining room in the rear with a storage area in the front. Second floor contains 3 bedrooms and bathroom; unfinished basement. The home is currently occupied by long term, month-to-month tenants paying $1,000/month. Tenants pay on time.
Home needs full renovation.
Published annual real estate taxes are $1,610.30, based on a full value assessment of $68,233.
$72 ground rent payable in semi-annual installments on 5/23 and 11/23 (unregistered); sold free and clear of liens. Baltimore City Deed Book MB 22735, Page 74.
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 4:30 P.M. on May 4, 2021. 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, 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 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 leases 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. A 5% buyer’s premium will be added to the final bid price.