"McElderry Park"

 ONLINE REAL ESTATE AUCTION 

TWO STORY BRICK
TOWNHOME

Known As:
421 N. KENWOOD AVENUE
Off Orleans Street
Baltimore City, MD 21224

BIDDING OPENS:
WEDNESDAY, JANUARY 26, 2022

BIDDING CLOSES:
FRIDAY, JANUARY 28, 2022
AT 11:00 A.M.

– Bidding Starts at: $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.

LOCATION:
421 N. Kenwood Avenue is located in the McElderry Park neighborhood in East Baltimore City. Surrounding neighborhoods include Patterson Park, Ellwood Park and C.A.R.E. The home is located in the bustling area of East Baltimore, stabilized by the presence of world renowned Johns Hopkins Hospital. The home is close to the shops, restaurants and community services on Monument Street, as well as an easy walk to Patterson Park. Commuters within the area can take advantage of Orleans Street to the south for east/west travel and Broadway to the west for north/south travel. Various bus routes and a metro line are all within a 15 minute walk. Major employers in the area include Johns Hopkins Hospital, Mid-Atlantic Baking Company and Ferguson Plumbing Supply.

SITE:
Rectangular lot – 14′ x 70′. Plat
Zoning R-8, residential
All public utilities
Fenced rear yard

IMPROVEMENTS:
Two story inside group townhome, built in 1920, contains 1,260 square feet of living area and 630 square feet of basement space, according to public tax records

EXTERIOR:

• Brick exterior
• Vinyl replacement windows
• Fenced rear yard
• Flat built-up roof

INTERIOR:

First floor:

• Living room – hardwood flooring
• Dining room – hardwood flooring
• Kitchen – tile flooring with exit to rear

Second floor:

• Bedroom – carpet
• Bedroom – carpet
• Bedroom – laminate flooring
• Bathroom – tile flooring

Basement/mechanical:

• Unfinished basement
• Flush
• Washer dryer area
• Gas boiler
• 30 gallon gas water heater
• 100 amp electric circuit

TAX INFORMATION:
Published annual real estate taxes are $1,251.11, based on a full value assessment of $53,267.

TITLE:
In fee simple; sold free and clear of liens. Baltimore City Deed Book FMC 14722, Page 125.

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.