Buy It Now: $130,000 - "Patterson Place -East Monument Historic District"

BUY IT NOW: $130,000

East Monument Historic District

THREE STORY TOWNHOME

218 N. MONTFORD AVENUE
Off E. Fayette Street
Baltimore City, MD 21224

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:
218 N. Montford Avenue is located in the Patterson Place neighborhood in East Baltimore City. Surrounding neighborhoods include Butcher’s Hill, McElderry Park, CARE and Paterson Park. East Fayette Street (0.1 mile) is a significant thoroughfare in East Baltimore, providing shopping, dining and neighborhood services. The home is within a short walk to Patterson Park, which features many outdoor learning and recreational opportunities. Major employers in the area include Johns Hopkins Hospital (0.5 mile) and Johns Hopkins Bayview Campus (2.9 miles). Commuters can take advantage of Orleans Street for east/west travel (0.1 mile) and I-83 for north/south travel (1.8 miles).

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

SITE:
Lot – 12′ x 75′, more or less

All public utilities

Zoned residential

IMPROVEMENTS:
Three story inside group brick townhome – according to public tax records, the home was constructed in 1880, contains 1,212 square feet of living area and 324 square feet of basement space. The home features balconies on the second and third floors.

INTERIOR:

First floor:

• Living room – hardwood
• Dining room – hardwood
• Kitchen – tile

Second floor:

• Bedroom – carpet
• Bathroom – tile

Third floor:

• Bedroom – carpet
• Bathroom – tile

Basement/ Mechanical

• Partially finished basement
• Half bathroom
• Utility sink
• Washer/dryer hookup
• 200 amp electric
• Gas heat
• Central air conditioning
• Sump pump

TITLE:
Subject to an annual $180 ground rent due in semi-annual instalments on 3/18 and 9/18; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $3,594.28, based on a full value assessment of $152,300. 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 10% deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. 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!