"Penn North"

This Auction has been CANCELED.
Sold prior to the auction.

ONLINE REAL ESTATE AUCTION

TWO UNIT
APARTMENT BUILDING
– Large Updated Open Floor Plan Units –

Known As
2302 McCULLOH STREET
Baltimore, MD 21217

– CANCELED –

BIDDING OPENS:
MONDAY, FEBRUARY 8, 2021

BIDDING CLOSES:
THURSDAY, FEBRUARY 11, 2021 AT 2:00 PM

– Starting Bid: $65,000 –

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:
The property is located in West Baltimore at the edge of the Penn North and Reservoir Hill neighborhoods. The historic area is well known for classic architecture, proximity to Druid Hill Park and an array of famous Baltimoreans who have lived in the area. Proximity to major employers is excellent, with Coppin State University, MICA and the University of Baltimore all within approximately one mile. Downtown Baltimore is also a short distance south, and the Jones Falls Expressway is less than one mile east. Public transportation, including bus, Metro and Light Rail service are all along North Avenue, and Penn Station is about 1.25 miles east.

For more information about the area, please visit:
Waverly – livebaltimore.com
CityView – cityview.baltimorecity.gov

SITE:
Lot size – 16’10” x 96′, more or less. Plat

All public utilities

Zoned R-8 Residential – 2 Dwelling Units

IMPROVEMENTS:
Two story inside-group brick building arranged for 2 dwelling units – constructed in 1880, containing 2,702 square feet of living area and 994 square feet of mostly finished basement space, according to public tax records. Total finished area is estimated to be in excess of 3,300 square feet. The building is arranged for two self-contained apartment units that have been renovated to feature open floor plans and modern finishes.

Exterior finishes include a brick and stone exterior, vinyl-clad replacement windows and flat built-up roof. Interior arrangement is as described below.

Unit 1 – Comprises the first floor and basement. Arranged for an open living room, dining room and kitchen with granite countertops, pantry/closet and powder room, on the first floor; two bedrooms, full bath and laundry room with washer/dryer on the lower level; gas forced air heat; gas water heater. Currently rented for $992/month (Section 8). Unit is occupied, and tenant is current, but provided notice of intent to move in May. Actual moveout date is unknown.

Unit 2 – Comprises the second and third floors. Arranged for an open living room, dining room and kitchen with wood countertops, on the second floor; two bedrooms, full bath and laundry room with washer/dryer, on the third floor; gas forced air heat; gas water heater. Currently rented for $795/month (market).

MDE Lead Inspection Certificates

• 2016 Inspection Certificate
• 2020 Form D Re-Inspection Certificate

ADDITIONAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the lease and other documents.

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,537.14, based on a full value assessment of $65,133.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
Ten percent (10%) of the Purchase Price, 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 Friday, February 12, 2021 at 11:00 A.M. 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, rents, 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. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, 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 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. a 5% buyer’s premium will be added to the final bid price.