"Midtown - Edmondson"

 ONLINE REAL ESTATE AUCTION 

TWO STORY
SHELL TOWNHOME

Known As:
2003 HARLEM AVENUE
Off N. Payson Street
Baltimore City, MD 21217

BIDDING OPENS:
MONDAY, MAY 9, 2022

BIDDING CLOSES:
WEDNESDAY, MAY 11, 2022 AT 1:30 P.M.

– Bidding Starts at: $5,000 –

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:
2003 Harlem Avenue is located in the Midtown – Edmondson neighborhood of West Baltimore City. Surrounding neighborhoods include Harlem Park, Bridgeview/Greenlawn and Evergreen Lawn. Commuters have easy access to major roads with N. Fulton Avenue and N. Monroe Street (north/south) being within a quarter mile and W. Franklin Street (east/west) within a half mile. Public transportation, including bus and train, are within a half mile. Within close proximity to the home are restaurants, shops and recreation centers. Major employers in the area include Grace Medical Center, University of Maryland, Baltimore and Coppin State University.

For more information, please see:
Neighborhoods – livebaltimore.com

SITE:
Rectangular lot – 13′ x 71′. Plat
Zoning R-8, residential
All public utilities

IMPROVEMENTS:
Two story inside group townhome built in 1920, according to public tax records. The home is believed to contain living room, dining room and kitchen, on first floor; three bedrooms and bathroom, on second floor; unfinished basement.

The home is believed to require renovation.

TAX INFORMATION:
Published annual real estate taxes are $133.74 based on a full value assessment of $5,667.

TITLE:
The property is subject to a $240 ground rent payable in semi-annual installments on 2/2 and 8/2 and a $60 ground rent payable in semi-annual installments on 1/10 and 7/10; sold free and clear of liens. Baltimore City Deed Book Liber FMC 13129, folio 181.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or 10% of the purchase 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.