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This Auction has been CANCELED.
Sold prior to the auction.
ONLINE REAL ESTATE AUCTION
1205 CLEVELAND STREET
Off W. Ostend Street
Baltimore City, MD 21230
– CANCELED –
Sold prior to the auction.
MONDAY, JULY 13, 2020
WEDNESDAY, JULY 15, 2020 AT 11:00 A.M.
– Suggested Starting Bid: $25,000 –
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.
1205 Cleveland Street is located in the Pigtown/Washington Village neighborhood of southwest Baltimore City. Surrounding neighborhoods include Carrollton Ridge, Union Square and Hollins Market. Getting its name from the butcher shops and meat packing plants that used to populate the area, Pigtown/Washington Village has been regarded as one of Baltimore’s most promising neighborhoods due to its proximity to major highways, the University of Maryland Medical Center and downtown attractions. Residents of the area can take advantage of the Pigtown/Washington Village main street, on Washington Boulevard, that has many shops, restaurants and entertainment venues. Major employers in the area include University of Maryland Medical Center, University of Maryland, Baltimore, Horseshoe Casino and many more.
For more information, please see:
Washington Village – Pigtown – livebaltimore.com
Lot – 14′ x 72′, more or less
All public utilities
Two story inside-group brick porchfront townhome, built in 1900, contains 1,232 square feet of living area and 616 square feet of basement space, according to public tax records.
Subject to an annual $42 ground rent payable in semi-annual installments on 5/6 and 11/6; sold free and clear of liens.
Published annual real estate taxes are $2,469, based on a full value assessment of $107,000. 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 REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
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, July 15, 2020 at 11:00 A.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, 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, 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 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.
No Buyer’s Premium