"Johnston Square"

REAL ESTATE AUCTION

Updated Two Story
TOWNHOME

Sale On Premises
906 E. PRESTON STREET
Baltimore City, MD 21202

THURSDAY, FEBRUARY 23, 2017
AT 12:00 NOON

– Suggested Opening Bid: $2,500 –

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:
906 E. Preston Street is located in the Johnston Square neighborhood in East Baltimore. Surrounding neighborhoods include Oldtown, Oliver, Mid-Town Belvedere, Greenmount West and the Station North Arts & Entertainment District. Johnston Square is a very short distance from both Downtown Baltimore and the Jones Falls Expressway (I-83). Johns Hopkins Hospital is approximately one mile to the southeast. Surrounding properties are predominantly brick townhomes.

For more information about Baltimore City neighborhoods, please visit:
http://livebaltimore.com/neighborhoods/

SITE:
Rectangular lot 12’11” x 72′, more or less

Zoning R-8, residential, single family

All public utilities

IMPROVEMENTS:
Two story brick inside-group formstone front townhome features vinyl-clad replacement windows and updated furnace. The home is arranged for a living room, dining room and kitchen, on the first floor; 3 bedrooms and bath, on the second floor; full basement; gas forced air heat.

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

TAXES:
Published annual real estate taxes are $944 based on a full value assessment of $40,000. 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 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. 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!