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REAL ESTATE AUCTION
– Rented for $2,530/Month –
2268 DRUID PARK DRIVE
Baltimore City, MD 21211
MONDAY, MAY 4, 2020
WEDNESDAY, MAY 6, 2020
AT 12:00 P.M.
– Suggested 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.
2268 Druid Park Drive is located in the Woodberry neighborhood in North Baltimore. Surrounding neighborhoods include Hampden, Medfield, Coldspring and Park Circle. The Woodberry neighborhood has seen substantial changes over the past fifteen years. Several mixed-use “Mill” projects are nearby, including Clipper Mill, Union Mill, Meadow Mill and others. The Union Collective, featuring a number of local manufacturers and artisans, is about one-half mile east. Local television stations on TV Hill, Sinai Hospital and other well-known employers are sited nearby. The property sits opposite Druid Hill Park, a cornerstone of Baltimore City entertainment and recreation.
Lot size: 21′ x 131’2″, more or less
Off-street parking potential
All public utilities
The property is zoned R-6 Residential – Approved use for 2 dwelling units
For more information, see Baltimore City Zoning
Two story semi-detached home – constructed in 1921, containing 1,792 square feet of living area and 800 square feet of basement space. The home features an enclosed front porch, updated kitchen, updated flooring and replacement windows. The home is arranged and operated as a rooming house, with 12 rooms (9 bedrooms), 2 baths and unfinished basement. Currently rented for $2,530/month total. Tenants were provided a rent abatement for April as a courtesy by the owner in conjunction with Covid-19 related concerns.
Please complete a Waiver and Confidentiality Agreement form to view rent rolls from the past 3 months.
Subject to an $80 annual ground rent (unregistered); being sold free and clear of all liens
Current annual real property taxes are $3,490.44, based on a full value tax assessment of $147,900.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Wednesday, May 6, 2020 at 12:00 P.M. (the bid closing). 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, 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 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. Purchaser assumes the risk of loss from the date of contract forward. Purchaser waives the right of inspection for lead paint, as provided under current Federal and State law. 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. No Buyer’s Premium