This Auction has been CANCELED.
Sold prior to the Auction.
ONLINE REAL ESTATE AUCTION
TWO STORY TOWNHOME
1026 N. IRIS AVENUE
a/k/a 1026 Iris Avenue
Off E. Eager Street
Baltimore City, MD 21205
– CANCELED –
MONDAY, APRIL 6, 2020
WEDNESDAY, APRIL 8, 2020
AT 1:00 P.M.
– Suggested Starting Bid: $40,000 –
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.
1026 N. Iris Avenue is located in a small residential pocket within the larger Orangeville area in east Baltimore. The neighborhood is sometimes referred to in conjunction with better known neighborhoods to the south, such as Highlandtown and Bayview, or more generally as East Baltimore. The cluster of homes along Iris Avenue, Janney Street, E. Eager Street and Ashland Avenue are not well known, a feature that many of the residents and property owners in the area value. The neighborhood is a destination location that affords all of the excellent access provided by the major employers and commuter routes nearby, including Johns Hopkins Bayview (1.5 miles), Erdman Avenue (0.4 mile), Pulaski Highway (US-40, 0.5 mile), I-895 (1 mile) and I-95 (2 miles). The Orangeville Community Park is one block southeast at the corner of E. Eager and N. Janney Streets, and features a playground and ball courts.
For additional information see:
Neighborhoods – livebaltimore.com
Lot size: 14′ x 91′, more or less
Fenced front and rear yards
Off-street parking potential
Zoned R-7 residential
All public utilities
Two story inside-group enclosed porchfront townhome – constructed in 1953, containing 896 square feet of living area, 488 square feet of basement space and 70 square feet of enclosed porch space. The home has been owner-occupied for approximately the last 20 years, and features vinyl-clad replacement windows, fully updated kitchen, central air conditioning and partially finished basement.
Brick and wood exterior
Flat built-up roof with asphalt shingle porch roof and roof fascia
Vinyl-clad replacement windows
Aluminum down spouts and rain gutters
In fee simple; being sold free and clear of all liens
Current annual real property taxes are $1,674.82 (not including homestead tax credit), based on a full value tax assessment of $70,967.
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.
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 Wednesday, April 8, 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. All adjustments, including taxes, 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 settlement 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 waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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.
NO BUYER’S PREMIUM!