"Patterson Park Neighborhood"

REAL ESTATE AUCTION

– One Block From The Park –

TWO STORY TOWNHOME
Off-Street Parking Potential

Sale On Premises
141 S. ROBINSON STREET
Near E. Lombard Street
Baltimore City, MD 21224

WEDNESDAY, OCTOBER 23, 2019
AT 12:00 NOON

– SUGGESTED OPENING BID: $75,000 –

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:
141 S. Robinson Street is located in the Patterson Park neighborhood in southeast Baltimore City. The property sits approximately one block away from Patterson Park, a cornerstone of the southeast Baltimore community, featuring a pool, rec center, boat lake, ballfields, walking trails, dog park and dozens of annual events, competitions and performances. The community has experienced significant development over the last several years, including new mixed use projects, restaurants, entertainment venues and countless home renovations. Other nearby neighborhoods include Highlandtown, Canton and Brewer’s Hill, each providing an array of neighborhood offerings that have made the area attractive for homeowners, business owners and visitors. Proximity to major employers, including Johns Hopkins Hospital facilities, and I-95 also makes the location attractive to those who want to live and work in the area.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/patterson-park-neighborhood/
https://bcrp.baltimorecity.gov/parks/patterson-park

SITE:
Rectangular lot: 12’7″ x 62’6″, more or less

Off-street parking potential

Zoned: R-8 Residential, single family

IMPROVEMENTS:
Two story brick inside-group townhome – the home was constructed in 1906, contains 1,040 square feet of living area and 520 square feet of basement space, according to public tax records. The home is arranged as follows: living room, dining room and kitchen, on the first floor; three rooms and bath, on the second floor; unfinished basement; gas forced air heat, gas water heater and 100 amp. electrical service. Needs updating and cosmetic repairs.

TAXES:
Published annual real estate taxes are $3,830.28, based on a full value assessment of $162,300.

TITLE:
Subject to an annual $60 ground rent (due in equal semi-annual installments on 1/27 & 7/27); and will be sold free and clear of liens

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $7,500 deposit, payable by certified check or 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. 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!