"Remington"

REAL ESTATE AUCTION

TWO STORY
BRICK TOWNHOME

Sale On Premises
413 FAWCETT STREET
Near N. Howard Street
Baltimore City, MD 21211

THURSDAY, FEBRUARY 13, 2020
AT 11:00 AM

– Suggested Starting Bid: $50,000 –

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:
413 Fawcett Street is located in the Remington neighborhood of Baltimore City. Surrounding neighborhoods include Reservoir Hill to the west, Old Goucher to the east, Station North to the south and Charles Village to the north. Remington has been undergoing significant change in recent years, with projects including the recently completed Remington Row mixed-use development and R. House and Miller’s Court. Long-standing businesses are being coupled with new businesses relocating within the community. Commuters may take advantage of 28th and 29th Streets (0.4 mile) for east/west travel and I-83 (0.7 mile) for north/south travel. Major employers in the area include Maryland Institute College of Art (MICA), Johns Hopkins University and MTA Maryland Central Light Rail Operations.

For more information, please see:
https://livebaltimore.com/neighborhoods/remington/

SITE:
Lot – 12′ x 63′, more or less

Zoned Residential

All public utilities

IMPROVEMENTS:
Two story brick inside-of-group townhome – according to public tax records, the house was constructed in 1900, contains 720 square feet of living area and 360 square feet of basement area.

INTERIOR:

First floor:

• Living room – carpet
• Kitchen – laminate

Second floor:

• Bedroom – carpet
• Bedroom – carpet
• Bathroom – laminate tile

Basement/mechanical:

• Unfinished basement
• 30 gallon gas water heater
• Gas forced air heat
• 100 amp electrical

TITLE:
Subject to an annual $60 ground rent (payable in semi-annual installments on 4/28 and 10/28); sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,648.83, based on a full value assessment of $70,200. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $5,000 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 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. 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. 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!