"New Southwest - Mount Clare"

TWO STORY
TOWNHOME

Known As:
224 S. CALHOUN STREET
Off W. Pratt Street
Baltimore City, MD 21223

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:
224 S. Calhoun Street is located in the New Southwest/Mount Clare neighborhood of southwest Baltimore City. Surrounding neighborhoods include Carrollton Ridge, Union Square and Washington Village/Pigtown. The property is located just a block south of W. Pratt Street, a main east/west thoroughfare of Baltimore City that provides dining, retail and entertainment options for residents. Within a half mile of the home is the Washington Village/Pigtown Main Street on Washington Boulevard that features locally owned boutique shoe stores, coffee shops and bookstores. Local employers include Saint Agnes Hospital, Bon Secours Hospital and Horseshoe Casino. Commuters have a variety of options, including multiple bus routes on Washington Boulevard and Martin Luther King Boulevard, Pratt Street for east/west travel and I-95 for north/south travel.

For more information, please see:
Neighborhoods – livebaltimore.com

SITE:
Lot – 11′ x 58′, more or less. Plat

All public utilities

Zoned R-8

IMPROVEMENTS:
Two story end of group townhome, according to public tax records, the property was constructed in 1900. The property was damaged in a fire that occurred in the neighboring property.

Needs full renovation!

TITLE:
$36 ground rent payable in semi-annual installments on 4/1 and 10/1; sold free and clear of liens. Baltimore City Deed Book MD liber 21617, folio 363.

TAXES:
Published annual real estate taxes are $590, based on a full value assessment of $25,000. Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $2,500 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. 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 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 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. Subject to a 5% buyer’s premium or $1,000 minimum fee.