Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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REAL ESTATE AUCTION
12 PROPERTIES
Sales On Premises
TUESDAY, SEPTEMBER 10, 2019
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.
Sold: $87,000
AT 11:00 A.M.
2245-2249 McElderry Street
Baltimore, MD 21205
One story building accompanied by two shell homes. All sites with potential for new home development or alternative use. Homes are located within close proximity to federal opportunity zones. The home sites are also within one half mile of Johns Hopkins Hospital, a major employer and investor in the surrounding areas. Plat
Suggested Opening Bid:
2245 McElderry Street: $20,000
2247-2249 McElderry Street: $5,000
Sold: $52,000
2207-2211 McElderry Street
Baltimore, MD 21205
Two story end of group townhome with two additional lots. Townhome with potential for development as a residential home or alternative use. Two lots with possibility for parking with the townhome or redevelopment of new homes. Located in the C.A.R.E. neighborhood of east Baltimore City, the home sites are within close proximity to Johns Hopkins Hospital, leaving the possibilities for redevelopment or alternative uses endless. Plat
Suggested Opening Bid: $5,000 per property
Sold: $78,000
AT 11:30 A.M.
400 N. Patterson Park Avenue
Baltimore, MD 21231
Three story end of group townhome. The home is located in the C.A.R.E. neighborhood of east Baltimore City. Surrounding neighborhoods include Butcher’s Hill, Patterson Park and McElderry Park. For commuters, the site is conveniently located off of Orleans Street, a major east/west thoroughfare. I-83, a major north/south thoroughfare, is located 1.5 miles away. Major employers in the area include Johns Hopkins Hospital and Johns Hopkins Bayview Campus. Plat
Suggested Opening Bid: $10,000
Sold: $17,000
AT 11:45 A.M.
401 & 405-411 N. Bradford Street
Baltimore, MD 21224
Five lots currently in use as a parking lot. All lots have potential for redevelopment as individual homes or alternative use. Sites are located off of Orleans Street, which features dining, retail and entertainment options. There are several businesses, homes and organizations in the surrounding area for potential parking lot lease. Plat
Suggested Opening Bid: $2,000 per property
|
ADDRESS |
GROUND RENT |
TAXES |
ASSESSMENT |
LOT SIZE |
| 2245 McElderry Street | Fee Simple | $925 | $39,200 | 21’9″ x 154’9″ |
| 2247 McElderry Street | Fee Simple | $379 | $19,000 | 13’6″ x 77’11” |
| 2249 McElderry Street | $78 | $379 | $19,000 | 14′ x 75’5″ |
| 2207 McElderry Street | Fee Simple | $448 | $19,000 | 12′ x 50’1″ |
| 2209 McElderry Street | Fee Simple | $165 | $7,000 | 12′ x 55’1″ |
| 2211 McElderry Street | Fee Simple | $165 | $7,000 | 11’10” x 52’7″ |
| 400 N. Patterson Park Avenue | $37.125 | $2,434 | $105,200 | 13’6″ x 78′ |
| 401 N. Bradford Street | Fee Simple | $37 | $1,600 | 12′ x 69′ |
| 405 N. Bradford Street | Fee Simple | $37 | $1,600 | 12′ x 69′ |
| 407 N. Bradford Street | Fee Simple | $37 | $1,600 | 12′ x 69′ |
| 409 N. Bradford Street | $24 | $37 | $1,600 | 12′ x 69′ |
| 411 N. Bradford Street | Fee Simple | $37 | $1,600 | 12′ x 69′ |
MANNER OF SALE:
2245-2249 McElderry Street will be offered individually and the highest bids reserved. Then, properties will be offered as an entirety. The sale will be made in the manner producing the greater amount.
2207-2211 McElderry Street will be sold as an entirety.
400 N. Patterson Park Avenue will be sold individually.
401 & 405-411 N. Bradford Street will be offered individually and the highest bids reserved. Then, 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 CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, per property, payable by 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 within 24 hours 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 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.
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