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This Auction has been CANCELED
Sold prior to the auction.
ONLINE REAL ESTATE AUCTION
– Arranged for Storefront and Apartment –
2686 WILKENS AVENUE
Near Brunswick Street
Baltimore City, MD 21223
– CANCELED –
WEDNESDAY, OCTOBER 28, 2020
FRIDAY, OCTOBER 30, 2020 AT 1:00 P.M.
– Starting Bid: $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.
2686 Wilkens Avenue is located in the Mill Hill neighborhood of southwest Baltimore City. Surrounding neighborhoods include New Southwest/Mount Clare, Carrollton Ridge and Union Square. The property is situated on Wilkens Avenue which hosts many restaurants, shops and other entertainment options. Local employers include Saint Agnes Hospital, Bon Secours Hospital and Horseshoe Casino. Commuters have a variety of options, including multiple bus routes on Wilkens Avenue, Route 40 for east/west travel and I-95 for north/south travel.
For more information, please see:
Neighborhoods – livebaltimore.com
Lot – 13′ x 70′, more or less
All public utilities
Zoned R-8, approved use for grocery
Two story inside group brick building, according to public tax records, the property was constructed in 1920 and contains 1,248 square feet of living area and 572 square feet of basement space. The townhome is arranged as a storefront on the first level with interior cellar access and a two bedroom apartment on the second floor.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $416, based on a full value assessment of $19,000. 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 $2,500 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 Friday, October 30, 2020 at 1:00 P.M. (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 and 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. The Property will be sold subject to Baltimore City violation notices, 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.
5% Buyer’s Premium, subject to $1,000 minimum fee