"Pigtown - National Historic District"

Holloway & Sullivan, LLC, Solicitors
One North Charles Street – Suite 2525
Baltimore, MD 21201

ESTATE SALE

Two Story Brick
TOWNHOME
– Off Street Parking –

– SUGGESTED OPENING BID: $10,000 –

Sale On Premises
769 W. CROSS STREET
Near Sterrett Street
Baltimore City, MD 21230

WEDNESDAY, MARCH 22, 2017
AT 11:00 A.M.

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:
769 W. Cross Street is located in the Washington Village – Pigtown Neighborhood, and is within the Pigtown National Historic District. The home is located in the southwestern corner of the neighborhood, closest to the Stadium Complex. M&T Bank Stadium and Oriole Park at Camden Yards are each about 3-4 blocks to the west. The home is also proximate to the ever expanding University of Maryland Baltimore and Biopark campuses. The Washington Village – Pigtown Neighborhood has had a significant role in the rich industrial tradition of Baltimore City based on its orientation along major rail lines. More recently the neighborhood has seen a resurgence as a result of its very proximate location to Downtown, major highways and numerous employment centers around the neighborhood.

For more information about Washington Village – Pigtown, please visit:
http://livebaltimore.com/neighborhoods/washington-villagepigtown/

SITE:
Rectangular lot: 13’3″ x 95′, more or less

Garage – should be renovated or razed

Zoned: R-9 Residential

IMPROVEMENTS:
Two story brick inside-group townhome – according to public tax records, the home was constructed in 1900, contains 1,024 square feet of living area and 494 square feet of basement space. The home is arranged for 6 rooms (3 BR), bath and basement. Needs complete renovation.

TAXES:
Current annual real estate taxes are $2,440.24 based on a full value assessment of $103,400. 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

TITLE:
In fee simple; and will be sold free and clear of liens

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. Purchaser assumes the risk of loss from the date of contract forward. 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!

Sale by Order of The Estate of Lois Thayer, by:
Terry K. Sullivan, Esq., Personal Representative