REAL ESTATE AUCTION
Sale On Premises
318 E. 28TH STREET
Near Guilford Avenue
Baltimore City, MD 21218
FRIDAY, JUNE 1, 2018
AT 10:45 A.M.
– SUGGESTED OPENING BID: $20,000 –
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.
318 E. 28th Street is located in the Harwood neighborhood in north Baltimore City. Surrounding neighborhoods include Charles Village, Barclay, Better Waverly and Abell. Johns Hopkins University is located approximately three blocks west, and the Jones Falls Expressway (I-83) is just over one mile away. Guilford Avenue is a major bicycle route to Downtown, and public transportation is within close proximity. A new grocery store recently opened at the corner of E. 29th and Barclay Streets within three blocks. Surrounding properties are comprised predominantly of brick townhouses.
For more information about the area, please visit:
Lot size: 15’7″ x 85′, more or less
All public utilities
Zoned R-7, Residential
Two story inside-group covered porchfront townhome – the home was constructed in 1920, contains 1,244 square feet of living area and 622 square feet of basement space. The home has been gutted and framed. Arranged for an open floor plan on the first floor, three bedrooms and bath on the second floor.
Current annual real estate taxes are $1,581.20 based on a full value assessment of $67,000. Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
Subject to a $240 annual ground rent (due in semi annual installments on 2/14 & 8/14); and will be sold free and clear of liens.
A $2,500 deposit, payable by certified check or cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price by 10:45 AM, Monday, June 4 at the Auctioneer’s office. 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, and 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 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!