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$10,000 Opening Bid
5 RESIDENTIAL LOTS
– Sold as an Entirety –
401, 405, 407, 409 & 411
N. BRADFORD STREET
Baltimore City, Maryland 21224
MONDAY, MARCH 21, 2022
TUESDAY, MARCH 22, 2022
AT 12:15 P.M.
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.
The lots are located in the McElderry Park neighborhood in east Baltimore. Surrounding neighborhoods include Patterson Place, Patterson Park Neighborhood, CARE, Milton-Montford and Ellwood Park – Monument. Both the Johns Hopkins East Baltimore and Bayview Campuses are in close proximity. Downtown is less than 2 miles west. Shopping and entertainment districts around Northeast Market, Fells Point and Highlandtown are easily accessible. Several parks are also in the area, including Patterson Park, Ellwood Avenue Park and Bocek Park.
Each lot comprises a level, rectangular lot in an R-8 residentially zoned district, and are further described below. Lot sizes are based on tax records. The seller commissioned concept drawings for 6 newly constructed homes (including lot 403, which had been considered for acquisition or joint-venture).
|Property||Lot Size||Annual Taxes||Assessment|| Fee Simple or
|401 N. Bradford Street||12′ x 69′||$37.76||$1,600||$54|
|405 N. Bradford Street||12′ x 69′||$37.76||$1,600||Fee simple|
|407 N. Bradford Street||12′ x 69′||$37.76||$1,600||Fee simple|
|409 N. Bradford Street||12′ x 69′||$37.76||$1,600||$24|
|411 N. Bradford Street||12′ x 69′||$37.76||$1,600||$54|
Ground rent amounts shown are based on Deed records. SDAT registration records for 401 N. Bradford Street show a $60 Ground Rent, payable on the 1st days of April and October.
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 4:00 P.M. on the day of the auction. 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 Property will be sold subject to Baltimore City violation notices, if any. 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% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid price.