"Riverside - Federal Hill Area"

Will Hudson, Attorney
1537 Light St., Baltimore, MD 21230

$100,000 Opening Bid

THREE STORY TOWNHOME
Zoned R-8-MU – Needs Full Renovation

KNOWN AS
206 E. FORT AVENUE
Near William Street
Baltimore City, Maryland 21230

BIDDING OPENS:
MONDAY, OCTOBER 11, 2021

BIDDING CLOSES:
THURSDAY, OCTOBER 14, 2021 AT 1:00 P.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:
206 E. Fort Avenue is located in the Riverside neighborhood in South Baltimore, with the surrounding area more generally referred to as Federal Hill. Riverside references the park at the center of the neighborhood, which features a pool, playground, walking trails, ball fields, and a gazebo where events throughout the year are held. Federal Hill Park is approximately 6 blocks north, which features a number of amenities, some of the best views of Baltimore and has been a prime location for an uncountable number of selfies and other social media worthy posts. The area is especially convenient to entertainment, the stadiums, and dozens of neighborhood bars and restaurants. Major employers nearby include Under Armour, Horseshoe Casino and M&T Bank. The home is within the Federal Hill South Historic District, providing an opportunity for CHAP historic tax credits.

For more information about the area, please visit:
Riverside – livebaltimore.com
Federal Hill – baltimore.org
CityView Map – cityview.baltimorecity.gov

SITE:
Lot size – 13′ x 61′, more or less, according to public tax records. Plat

Rear patio and shed

Zoned R-8-MU – Residential Mixed Use, providing an array of potential uses. Please see Zoning – dhcd.baltimorecity.gov for more information.

Zoning Map

IMPROVEMENTS:
Three story inside-group brick townhome – constructed in 1900, containing 1,614 square feet of living area and 390 square feet of basement space, according to public tax records. The home is arranged as follows: living room, dining room, kitchen and rear bump-out laundry, on the first floor; 2 rooms and bath, on the second floor; 2 rooms on the third floor; unfinished basement; radiant heat. The home needs full renovation.

TITLE:
The property is in fee simple; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $4,901.72, based on a full value assessment of $207,700.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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 Thursday, October 14, 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. 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, 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. Purchaser assumes the risk of loss from the date of contract forward. 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.

No Buyer’s Premium!

Sale by Order of the Estate Of Diane M. Vinson