ONLINE REAL ESTATE AUCTION
– Rented for $1,000/Month –
625 E. 35TH STREET
Baltimore, MD 21218
TUESDAY, FEBRUARY 9, 2021
FRIDAY, FEBRUARY 12, 2021 AT 11:00 AM
– Starting Bid: $40,000 –
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.
625 E. 35th Street is located in the Waverly neighborhood in North Baltimore City. According to the Live Baltimore website, “Waverly is an active community in North Baltimore with a location that boasts quick access to a YMCA, year-round farmers market, a commercial corridor and major commuting routes. The housing in the community includes two-story rowhomes and Victorian-style detached properties. Residents love the affordability, walkability and friendly nature of its diverse residents.” Johns Hopkins University is located a short distance to the west, and Loyola University Maryland, Notre Dame of Maryland University and Morgan State University are all within 2.5 miles. Other major employers nearby include MedStar Union Memorial, Cloverland Green Spring Dairy and Carroll Home Services.
Lot size – 25′ x 151’6″, more or less. Plat
All public utilities
Zoned R-7 Residential
Two story shake shingle home with enclosed front porch – constructed in 1927, containing 1,152 square feet of living area and 576 square feet of basement space, according to public tax records. The home contains living room, eat-in kitchen and bedroom (or den) on the first floor; 2 bedrooms, bath and basement. Central air conditioning and gas forced air heat. Vinyl clad replacement windows. Currently rented for $1,000/month. No lease or current lead certificate.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $1,663.80, based on a full value assessment of $70,500. 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 $3,000 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 Friday, February 12, 2021 at 4:30 P.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.
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