This auction has been CANCELED.
Sold prior to the auction.
ONLINE REAL ESTATE AUCTION
2518 ALBION AVENUE
Off Grindon Avenue
Baltimore City, MD 21214
– CANCELED –
TUESDAY, JULY 28, 2020
THURSDAY, JULY 30, 2020 AT 12:00 P.M.
– Suggested Opening Bid: $45,000 –
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.
2518 Albion Avenue is located in the Lauraville neighborhood in northeastern Baltimore City. Proximity to Belair Road provides residents with easy access to I-695 and I-95. Nearby institutions, including Morgan State University, Loyola University and Johns Hopkins University, are located within a 2 mile radius of the home, allowing for close access to employment and education opportunities. Multiple options for dining, grocery, entertainment, and retail are located along Harford Road and Hillen Road. Within walking distance of the property are natural attractions such as James Welling Park and Herring Run Park. The property is located within the Hamilton – Lauraville Main Street Corridor, which is home to a number of Baltimore’s best known businesses, including Koco’s Pub, Zeke’s Coffee and the Silver Queen Café. The Hamilton – Lauraville Main Street Association sponsors a number of events throughout the year, including the Hamilton Street Festival, First Fridays, Student Art Show and Downhill Derby.
For more information about the area, please visit:
Lauraville – livebaltimore.com
Lot – 33′ x 130′, more or less
Fenced rear yard
All public utilities
Zoned R-3, Residential
Two story semi-detached home – constructed in 1922, containing 1,462 square feet of living area and 731 square feet of basement space, according to public tax records. The home is in need of cosmetic renovations.
Subject to an annual ground rent of $90.00 payable in semi-annual installments on 5/9 and 11/9; sold free and clear of liens.
Published annual real estate taxes are $2,600.72, based on a full value assessment of $110,200. 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: Assessment Appeal Process.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Thursday, July 30, 2020 at 12:00 Noon (the bid closing). 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. A 5% buyer’s premium will be added to the final bid price.