To the Highest Bidder Above $10,000
TWO STORY TOWNHOME
Partially Renovated – Needs Completion
Sale On Premises
1118 STERRETT STREET
Baltimore, MD 21230
WEDNESDAY, MAY 17, 2017
AT 12:30 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.
Two story brick inside-group townhome is believed to contain a living room, dining room, kitchen, 2 bedrooms, bath and basement; gas forced air heat. Lot size 12′ x 48’4″. Subject to an annual $96 ground rent, due semi-annually on February 21 and August 21, in each and every year. The home was built in 1900, contains 888 square feet of living area and 444 square feet of basement space, according to published tax records.
Published annual real estate taxes are $2,299, based on a full value assessment of $97,400. 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:
TERMS OF SALE: A $3,000 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. 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. 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. Purchaser shall pay a $250 title review fee to Clear Title Group as an additional expense of sale. The purchaser may select their own title company for settlement. However, the title review fee shall be waived if the purchaser uses Clear Title Group for closing.
No buyer’s premium.