Pre-Auction Offers Accepted
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527 E 22nd St. Baltimore, MD 21218
3
1
Zoning:
R-8
Starting Bid:
$20,000
Highest Bidder:
Initial Deposit:
$5,000
Auction Begins 08/11 10:00 AM Auction Ends 08/12 11:40 AM
End Unit | Midtown Marketplace | East Baltimore Midway
2 Story End Unit Townhome located in the East Baltimore Midway Area.
Just minutes to Many Attractions including Mund Park, The University of Baltimore, University of Baltimore School of Law, Maryland Institute College of Art (MICA), Baltimore’s Penn Station (Featuring Amtrak Routes Across the Country), North Avenue Light Rail Station,
Midtown Marketplace, as well as The Baltimore Streetcar Museum.
Easy Access to Major Traffic Arteries, I-83 (Jones Fall Expy) & MD Route I (E North Ave).
Property is Vacant.
Believed to be set up as :
Main Level:
-Den
-Kitchen
-Dining Area
Upper Level:
-3 Bedrooms
-1 Full Bathroom
Lower Level:
- Full Unfinished Basement
(Click our Documents Tab to view More Information on the Property & a Sample Contract)
Year Built: 1920
Lot Size: 15-6x90-1
Real Estate Taxes (2020-2021): $322.54
Title: Property is Fee Simple. Sold Free & clear of All Liens.
Inspection Time: Call Office for Access.
Deposit: The initial deposit amount is listed above. All deposits must be cash or certified funds.
Receivership: Summary: The property you are interested in purchasing is subject to receivership. As a result, the Legal Division of of Baltimore City's Department of Housing and Community Development must approve all prospective bidders prior to the sale. Throughout this process, they will simply be verifying that all applicants are ready, willing, and able to rehabilitate the property to meet a standard of Use and Occupancy in a timely manner, typically 6 months.Approval Requirements: - a scope of work from a licensed Maryland contractor (on letterhead with MHIC #) itemizing the work needed to bring the property to a Use & Occupancy standard - scope of work must include a time estimate (start date and completion date) and a cost estimate - proof of financing that meets the needs listed within the scope of work
There are no bids for the lot at this time
· 10% Buyer's Premium will be added to the high bid.
· Settlement: 30 days from auction sale date.
· Pre-Bid offers accepted via Phone (410-488-3124), Fax (410-488-3125) or Email (Sales@AshlandAuction.com) Pre-Bid offers can only be submitted before the start of the online auction.
· Winning Bidder is required to tender deposit within 24 hours.
· Winning Bidder is required to sign and return a contract of sale within 24 hours.
· If either the deposit or contract is not received the bid will be voided and Ashland Auction Group reserves the right to terminate bidders account.
· Ashland Auction Group will not be responsible for any errors in bidding, website failure, or internet disruption
· Each bid made on a property in the last few minutes of an auction will add more time to the auction. This will continue indefinitely until the time expires without new bids being placed. A soft close ensures fairness and allows the highest bidder to win.
The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same. Dimensions and acreage are more or less. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. Property is sold subject to any Local, State or Federal Government Housing Code Violation Notices or Vacant House Notices issued by Local, State or Federal Government. The purchaser waives and releases the Trustee, 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 Trustee/ 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 Trustee/ Seller or Auctioneers. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to the date of contract ratification date and assumed thereafter by the purchaser.
Recordation costs, transfer taxes and all other costs incident to settlement, to be paid by the purchaser. However, if the Property is improved residential real property, and if Buyer is a first time Maryland homebuyer as defined in MD Tax Property Code §13-203(b), as from time to time amended, who will occupy the Property as Buyer's personal residence, then Seller shall pay the state transfer tax of 0.25% to the extent required by law. Purchaser assumes risk of loss from the date of sale forward.
If payment of the additional deposit, if any or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Time shall be of the essence.
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.
Ashland Auction Group, LLC is acting as agent for the Seller in this transaction and or Auction. Ashland Auction Group, LLC is not acting as agent for the any bidder or any successful bidder regarding pre-auction offers, offers online, onsite auction or post auction offers.
Registered Brokers or Agents who represent bidders for pre-auction, onsite auctions, online or post auctions are acting as an agent for the buyer and not a sub-agent for Ashland Auction Group, LLC.
This is Reserve Auction sale, being sold subject to seller confirmation. The auctioneer, seller, and seller's agents have the right to place consecutive bids up to the reserve amount. The high bid amount will be placed into reserve pending seller confirmation.
· 2.5% Broker Co-Op on online auctions. Agents must register the client before the client places their first bid:https://www.ashlandauction.com/cms/brokers
Baltimore, 21218
United States