"Riverside - Federal Hill Area"

Robert C. Lidston, Attorney
1334 Sulphur Spring Road
Halethorpe, MD 21227

ESTATE SALE
– $100,000 Suggested Opening Bid –

TWO STORY TOWNHOME

Sale On Premises
1326 WEBSTER STREET
Off Key Highway
Baltimore City, MD 21230

WEDNESDAY, MARCH 11, 2020
AT 11:00 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:
1326 Webster Street is located in the Riverside neighborhood in South Baltimore City. Surrounding neighborhoods include Federal Hill, South Baltimore and Locust Point. Riverside comprises a large area running from Wells Street and the CSX tracks up to Cross Street, and from Light Street over to Key Highway. Riverside Park is the cornerstone of the neighborhood, and includes a public pool, gazebo, ball fields, play ground, annual concerts and events. Significant development is going on in the area, including major projects along Key Highway, Port Covington development, new restaurant and retail operations, new home construction and a significant amount of existing home renovations. Well known coffee shops, restaurants and taverns are along Fort Avenue and Key Highway, as are Charm City Circulator and MTA bus stops. University of Maryland Shuttle service is along Light Street.

For more information about the area, please visit:
Riverside – livebaltimore.com
SouthBMore.com

SITE:
Lot size: 12’3″ x 65′, more or less

All public utilities are in the property

Zoning R-8, residential

IMPROVEMENTS:
Two story brick inside-group formstone front townhome – constructed in 1900, containing 1,202 square feet of living area and 576 square feet of basement space. The home is believed to be in need of full renovation.

The home is currently occupied. Purchaser will be responsible for obtaining physical possession of the property. Access may not be available on the auction day or prior. Please check back for further updates.

TITLE:
Subject to a $45 ground rent (unregistered); sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $4,615.39, based on a full value assessment of $195,567. 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 $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. 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, 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 shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of contract forward. 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!

Auction by order of the Estate of Clifford I. Lewis