A $2,500 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of auction, at the Auctioneer’s office. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount. A 5% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.
TO THE HIGHEST BIDDER ABOVE $1,000
INDUSTRIAL 26′ x 80′ LOT
– Zoned I-1 –
S. BRICE STREET LOTS 87 & 88
Baltimore City Tax ID:
0320110719A087 & 0320110719A088
Off S. Monroe Street
Baltimore City, Maryland, 21223
TUESDAY, MAY 2, 2023
THURSDAY, MAY 4, 2023
AT 1:30 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.
The lots are located in the 600 block of S. Brice Street in the Carrollton Ridge neighborhood in Southwest Baltimore City. Surrounding neighborhoods include New Southwest/Mount Clare, Mill Hill and Shipley Hill. The property is one block away from Wilkens Avenue, which hosts many restaurants, shops and other entertainment options. Local employers include Saint Agnes Hospital, Grace Medical Center, 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 about the area, please visit:
Neighborhoods – livebaltimore.com
The auction consists of two lots.
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Public water and septic are believed to be available.
Zoning I-1 – Light Industrial
According to Baltimore Zoning Code, Light Industrial includes light manufacturing, fabricating, processing, wholesale distributing, and warehousing uses.
For more information about the zoning, please visit:
Zoning – dhcd.baltimorecity.gov
In fee simple; and sold free and clear of liens.
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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 – dat.maryland.gov
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $2,500 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of auction, at the Auctioneer’s office. 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, 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. 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% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid price.