"Highlandtown"

REAL ESTATE AUCTION

END-OF-GROUP
BRICK TOWNHOME

Sale On Premises
3800 BANK STREET
Corner S. Eaton Street
Baltimore City, MD 21224

WEDNESDAY, MARCH 6, 2019
AT 1:15 P.M.

– Suggested Starting Bid: $40,000 –

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:
3800 Bank Street is located in the Highlandtown neighborhood in southeast Baltimore City. The neighborhood has been well known for decades as a center of community life in Southeast Baltimore, and has been experiencing a renaissance over the last few years. New entertainment spaces, galleries, restaurants and apartment buildings have been constructed throughout Highlandtown and surrounding neighborhoods, which compliment many of the long-standing businesses and institutions that have traditionally characterized Highlandtown. DiPasquale’s Italian Market, Hoehn’s Bakery and Chicken Rico are all within approximately two blocks. Proximity to major employers and interstate highways make the location attractive for residents working both nearby and throughout the metropolitan area.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/highlandtown/
http://highlandtown.com/

SITE:
Lot – 14’8″ x 70′, more or less

Rear patio – potential for off street parking

All public utilities

IMPROVEMENTS:
Two story brick end-of-group covered porchfront townhome – the home was built in 1920, contains 1,148 square feet of living area and 560 square feet of basement space, according to public tax records. 

INTERIOR:

First floor:

• Living room – hardwood with ceiling fan
• Dining room – hardwood
• Kitchen – subfloor and laminate

Second floor:

• Bedroom – carpet over hardwood
• Bedroom – carpet over hardwood
• Bedroom – carpet over hardwood
• Bathroom – tile

Basement/mechanical:

• Unfinished basement
• Oil tank
• Utility sink
• 125 amp electric service
• 40 gallon gas water heater
• Warm air furnace

Needs full renovation.

TITLE:
In fee simple; sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $3,070.36, based on a full value assessment of $130,100. 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, 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