#2 • 1743 E. Federal Street

Part of Scattered Townhomes (timed auction by A.J. Billig & Co. Auctioneers)

Starting at $10,000.00

Status: No sale

ONLINE REAL ESTATE AUCTION $10,000 Opening Bid BROADWAY EAST TWO STORY SHELL TOWNHOME Known As: 1743 E. FEDERAL STREET Near N. Broadway Baltimore City, Maryland 21213 BIDDING OPENS: TUESDAY, JULY 9, 2024 BIDDING CLOSES: THURSDAY, JULY 11, 2024 AT 11:05 A.M. 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: 1743 E. Federal Street is located in the Broadway East neighborhood in east Baltimore City. Surrounding neighborhoods include Oliver, Middle East and Berea. Approximately one mile to the north lies Clifton Park, which offers a range of recreational activities including a golf course, tennis courts and walking trails. Several significant development projects and initiatives are within half a mile of the property. The East Baltimore Development Initiative (EBDI) and the redevelopment of the A. Hoen & Co. Lithograph Building are key contributors to the revitalization of East Baltimore. Public transportation is conveniently accessible, with various bus routes and a metro line within a 15-minute walk. Major employers in the area include Johns Hopkins Hospital, Mid-Atlantic Baking Company and Ferguson Plumbing Supply. For more information, please see: Broadway East – livebaltimore.com Clifton Park – bcrp.baltimorecity.gov Center for Neighborhood Innovation – hoen.co SITE: Rectangular lot – 15′ x 75′, more or less. Plat Zoning R-8, residential All public utilities IMPROVEMENTS: Two story inside-group townhome, constructed in 1905, according to public tax records. The home is believed to contain three bedrooms and one bathroom. Full renovation required. TITLE: $48 annual ground rent; Sold free and clear of all liens. Baltimore City Deed Book XAC 25986, folio 492. TAXES: Published annual real estate taxes are $944, based on a full value assessment of $40,000. SUMMARY TERMS OF SALE: Please see the contract of sale for complete terms. 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 4 P.M. on the day of auction. 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 and 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, and subject to 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. 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% or $2,500 buyer’s premium, whichever is greater, will be added to the final bid price. Auction Registration Agent/Broker Registration