"Gay Street - East Baltimore Historic District"

This Auction has been CANCELED.
Sold Prior To The Auction.

 ONLINE REAL ESTATE AUCTION 

BRICK TOWNHOME &
VACANT LOT
~Entirety Sale Only~

Known As:
1604 & 1614 E. CHASE STREET
Off N. Bond Street
Baltimore City, MD 21213

– CANCELED –

BIDDING OPENS:
TUESDAY, APRIL 19, 2022

BIDDING CLOSES:
THURSDAY, APRIL 21, 2022 AT 11:15 A.M.

– Bidding Starts at: $10,000 –

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:
1604 & 1614 E. Chase Street are located in the Gay Street neighborhood in East Baltimore City. Surrounding neighborhoods include Eager Park, Oliver and Dunbar – Broadway. The properties are located in the bustling area of East Baltimore, stabilized by the presence of world renowned Johns Hopkins Hospital. The properties are close to the shops, restaurants and community services on Monument Street, three blocks south. The properties are located near Madison Square Park, a local city park that offers a baseball diamond and a grass field. Commuters within the area can take advantage of Biddle Street to the north for east/west travel and Broadway to the east for north/south travel. Various bus routes and a metro line are all within a 5 minute walk. Major employers in the area include Johns Hopkins Hospital, Mid-Atlantic Baking Company and Ferguson Plumbing Supply.

SITE:
1604 E. Chase Street:
Vacant rectangular lot – 16′ x 65′
Zoning R-8, residential
All public utilities

1614 E. Chase Street:
Rectangular lot 14′ x 72′
Zoning R-8, residential
All public utilities

Plat

IMPROVEMENTS:
1604 E. Chase Street is an unimproved vacant lot.

1614 E. Chase Street is a three story inside group townhome, built in 1910, according to public tax records. The home requires full renovation.

TAX INFORMATION:
1604 E. Chase Street: Published annual real estate taxes are $23.60, based on a full value assessment of $1,000. Baltimore City Deed Book MB Liber 20223, Folio 404.

1614 E. Chase Street: Published annual real estate taxes are $322.54, based on a full value assessment of $13,667. Baltimore City Deed Book MB Liber 20186, Folio 167.

TITLE:
1604 E. Chase Street is in fee simple; 1614 E. Chase Street is subject to an annual $78 ground rent, due in semi-annual installments on 2/1 and 8/1; sold free and clear of liens.

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.