ONLINE REAL ESTATE AUCTION
~Requires Full Renovation~
511 McCABE AVENUE
Off Ready Avenue
Baltimore City, MD 21212
MONDAY, APRIL 25, 2022
WEDNESDAY, APRIL 27, 2022 AT 11:30 A.M.
-Starting Bid: $60,000-
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.
511 McCabe Avenue is located in the Winston-Govans neighborhood of northeast Baltimore City. Surrounding neighborhoods include Radnor Winston, Kenilworth Park and Richnor Springs. The neighborhood comprises a wide range of housing, from traditional rowhomes to detached single family houses. The property is located just off of York Road, one of Baltimore’s longest north/south thoroughfares. On York Road are dining, retail and entertainment options. Northern Parkway, an east/west thoroughfare, is within a half mile and reaches the extremities of Baltimore City. Public transportation is available on both York Road and Northern Parkway. The home is located amidst an array of large employers including Loyola University Maryland, Notre Dame University Maryland, Morgan State University and MedStar Good Samaritan Hospital.
Govans Neighborhood Guide – www.baltimoremagazine.com
Rectangular lot – 40′ x 160’1″. Plat
Zoning R-3, residential
All public utilities
Two story detached single family home, built in 1925, contains 1,944 square feet of living area and 720 square feet of basement space, according to public tax records. The home contains large open living room, dining room, den, full bathroom and kitchen, on first floor; 4 bedrooms and full bathroom, on second floor; unfinished basement.
The home will require a full renovation.
Published annual real estate taxes are $2,633, based on a full value assessment of $111,600.
In fee simple; sold free and clear of liens. Baltimore City Deed Book Liber MB 23284, folio 256.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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.