"Federal Hill"

Live Auction Bidders – A $7,500 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price, by 12:00 P.M., Monday, February 20, 2023, at the Auctioneer’s office (wire or cashier’s check). Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – A $7,500 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount.

No buyer’s premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Featuring Live & Online Simulcast Bidding
$50,000 Opening Bid

FEDERAL HILL
~Federal Hill Historic District~

END-OF-GROUP
TOWNHOME
– Renovation Required –

Known As:
125 E. CHURCHILL STREET
Off Light Street
Baltimore City, MD 21230

ONLINE BIDDING OPENS:
TUESDAY, FEBRUARY 14, 2023

LIVE ONSITE AUCTION:
FRIDAY, FEBRUARY 17, 2023 AT 12:00 P.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:
125 E. Churchill Street is located in the Federal Hill neighborhood of south Baltimore City. Known for it’s long and rich history, the neighborhood of Federal Hill retains its name from the iconic park that overlooks Baltimore City and the Inner Harbor. The park, located just one block from the property, features a playground, green space, historic statues/plaques along with providing the surrounding community with one of the best views of Baltimore and its harbor. Within a block of the home is Light Street, where coffee shops, ice cream parlors, restaurants, boutiques and other businesses are abundant. A quarter mile away is the historic but lively Cross Street Market. Originally built in the mid-1800s, the market has received many renovations, with the most recent in 2019. The market features a plethora of vendors selling everything from Korean fried chicken to New York-style brick oven pizza. Along with it’s wide culinary gastronomy, Federal Hill is known for its night life with countless bars and restaurants open late. With a walk score of 98, Federal Hill is a terrific walking neighborhood where residents have access to miles of waterfront along the Inner Harbor, easy walks to Oriole Park at Camden Yards and M&T Bank Stadium, as well as the downtown areas.

For more information:
Federal Hill – livebaltimore.com
Federal Hill Main Street, Inc. – fedhill.org

SITE:
Rectangular lot – 14′ x 50′. Plat
Zoning R-8, residential
All public utilities
Fenced rear yard

IMPROVEMENTS:
Two and one half story end-of-group townhome built in 1900, according to public tax records. The home contains living room, dining room, kitchen, on first floor; bedroom and bathroom, on second floor; room on the half story; unfinished basement. The home has fire damage and renovation is needed.

TAX INFORMATION:
Published annual real estate taxes are $3,351.20, based on a full value assessment of $142,000.

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: Assessment Appeal Process – dat.maryland.gov 

TITLE:
Property is subject to a $14 annual ground rent payable in semi-annual installments on 3/1 and 9/1; sold free and clear of liens. Baltimore City Deed Book Liber MB 22090, folio 482.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – A $7,500 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price, by 12:00 P.M., Monday, February 20, 2023, at the Auctioneer’s office (wire or cashier’s check). Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – A $7,500 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209.

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, 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, 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 Property will be sold subject to Baltimore City violation notices, if any. 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.