"Highlandtown"

Live Auction Bidders – A $10,000 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. 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 10% deposit, payable by wire transfer or cashier’s check is due by 3:00 p.m. on the day of auction at the auctioneers office. 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.

A 5% buyer’s premium will be added to the highest final bid and become part of the contract price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Live Onsite & Simulcast Online Bidding
$75,000 Opening Bid

HIGHLANDTOWN

TWO STORY TOWNHOME
– Renovation Needed –

Sale On Premises
3917 E. PRATT STREET
Baltimore City, MD 21224

Online Bidding Opens
MONDAY, FEBRUARY 27, 2023

Live Onsite Auction
WEDNESDAY, MARCH 1, 2023
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:
3917 E. Pratt Street is located in the Highlandtown neighborhood in Southeast Baltimore. Highlandtown is among Baltimore’s best known neighborhoods, having been a hub of community life in the southeastern portion of the City for more than 150 years. The neighborhood has experienced a renaissance during the past 20 years. New entertainment venues, restaurants and stores complement the familiar, long-standing businesses that have made the location home for decades. New and renovated apartment buildings are positioned throughout the neighborhood, along with countless home renovations and new construction. Proximity to some of the City’s largest employers, as well as convenient access to major highways and commuter routes, makes the location ideal.

SITE:
Rectangular lot 13′ x 70′. Plat
Rear courtyard
Public utilities
Zoning R-8, residential

IMPROVEMENTS:
Two Story Inside-Group Brick Townhome – according to public tax records, the home was built in 1920 (likely older), contains 1,040 square feet of living area and 520 square feet of basement space. The home has a painted formstone front, built-up roof, and vinyl-clad replacement windows.

First Floor

• Living/Dining Room – hardwood
• Kitchen – vinyl floor, refrigerator, metal and wood cabinets, gas range

Second Floor

• 2 – Bedrooms – vinyl wood-look flooring
• Pass-through Room – could be third bedroom
• Full Bathroom – ceramic tile

Basement

• Unfinished

Mechanical – oil hot water radiators (may not be operable), 125 amp. electrical service, window air conditioners.

The house needs updating and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens. A $500 closing cost credit will be given to the purchaser if they use the seller’s preferred title company, Masters Title & Escrow. The purchaser may select their own title company if they desire.

TAXES:
Published annual real estate taxes are $3,200, based on a full value assessment of $137,233. 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: Appeals Process

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

Live Auction Bidders – A $10,000 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. 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 10% deposit, payable by wire transfer or cashier’s check is due by 3:00 p.m. on the day of auction at the auctioneers office.

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. A 5% buyer’s premium will be added to the highest final bid and become part of the contract price.