ONLINE REAL ESTATE AUCTION
– $50,000 Opening Bid –
TWO STORY TOWNHOME
2652 MILES AVENUE
Off W. 26TH Street
Baltimore, MD 21211
FRIDAY, MAY 7, 2021
WEDNESDAY, MAY 12, 2021 AT 1:00 P.M.
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.
2652 Miles Avenue is located in the Remington neighborhood of Baltimore City. Surrounding neighborhoods include Reservoir Hill to the west, Old Goucher to the east, Station North to the south and Charles Village to the north. Remington has been undergoing significant change in recent years, with projects including the Remington Row mixed-use development and R. House and Miller’s Court. A significant development along Sisson Street west of the property is currently being discussed. Commuters may take advantage of 28th and 29th Streets, a short distance north of the property, for east/west travel, and I-83 (0.5 mile) for north/south travel. Major employers in the area include Maryland Institute College of Art (MICA), Johns Hopkins University and MTA Maryland Central Light Rail Operations.
Lot size – 12′ x 60′, more or less. Plat
All public utilities
Zoned R-8 Residential
Two story brick inside-of-group townhome – according to public tax records, the house was constructed in 1912, containing 672 square feet of living area and 336 square feet of basement space. Arranged for 4 rooms (2 bedrooms), bath and unfinished basement.
Home needs full renovation.
Subject to an annual $45 ground rent (payable in semi-annual installments on 5/11 and 11/11); sold free and clear of liens.
Published annual real estate taxes are $1,832.94, based on a full value assessment of $77,667.
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 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 4:30 P.M. on the day of the auction. 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 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 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. A 5% buyer’s premium will be added to the final bid price.