"Washington Village - Pigtown Historic District"

 ONLINE REAL ESTATE AUCTION 

TWO STORY
TOWNHOME
~Previously Rented For $1,200~

Known As:
1139 CLEVELAND STREET
Off E. Ostend Street
Baltimore City, MD 21230

BIDDING OPENS:
WEDNESDAY, MARCH 16, 2022

BIDDING CLOSES:
FRIDAY, MARCH 18, 2022 AT 11:00 A.M.

– Bidding Starts at: $45,000 –

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:
1139 Cleveland Street is located in the Washington Village/Pigtown 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

SITE:
Rectangular lot – 11’6″ x 73’9″. Plat
Zoning R-8, residential
All public utilities
Fenced rear yard

IMPROVEMENTS:
Two story inside group townhome, built in 1898, contains 984 square feet of living area and 456 square feet of basement space, according to public tax records. The home contains living room, dining room, kitchen and full bathroom, on first floor; two bedrooms and bathroom, on second floor; unfinished basement. The home has central air conditioning and is lead free.

TAX INFORMATION:
Published annual real estate taxes are $1,770, based on a full value assessment of $75,000.

TITLE:
$36 ground rent payable on 1/1 and 7/1; sold free and clear of liens. Baltimore City Deed Book Liber FMC 16300, folio 56.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, 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 Property will be sold subject to Baltimore City violation notices, if any. 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. A 5% buyer’s premium will be added to the final bid price.