"Washington Village - Pigtown"

REAL ESTATE AUCTION

Two Story
BRICK TOWNHOME

Sale On Premises
1421 WARD STREET
Baltimore City, MD 21230

TUESDAY, AUGUST 15, 2017
AT 12:15 P.M.

– Suggested Opening Bid: $10,000 –

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:
1421 Ward Street is located in the Washington Village – Pigtown neighborhood in south Baltimore City. The property is in an extremely convenient location, approximately one mile from I-95, I-395 and the Baltimore-Washington Parkway (295). Oriole Park at Camden Yards, M&T Bank Stadium, The B&O Railroad Museum and Carroll Park are all within walking distance. Major employers are nearby in Downtown Baltimore, the Carroll-Camden industrial area and Montgomery Park. Surrounding homes are primarily brick townhomes.

For more information, please see:
http://livebaltimore.com/neighborhoods/washington-villagepigtown/ 
&
http://www.pigtownmainstreet.org/ 

SITE:
Rectangular lot 12′ x 66′, more or less

Zoning R-8, residential

All public utilities

IMPROVEMENTS:
Two story inside-group townhome – according to public tax records the home was constructed in 1875, contains 912 square feet of living area and 456 square feet of basement space. The home contains 5 rooms (2 bedrooms), bath and basement. Needs renovation.

TITLE:
$36 annual ground rent (due in semi-annual installments on 6/1 & 12/1); and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,038.40 based on a full value assessment of $44,000. 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
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx 

TERMS OF SALE:
A $2,500 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. 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. The property is being sold subject to Baltimore City Code Violation Notice and Order Notice Number 1085789A, any other vacant house, code violation, nuisance abatement and any code enforcement action, 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!