Live & Online Simulcast Bidding
$50,000 Opening Bid
3 Bedrooms ◆ 1.5 Baths
2106 E. FAYETTE STREET
Baltimore, MD 21231
Online Bidding Opens
MONDAY, JULY 11, 2022
Live Onsite Auction
THURSDAY, JULY 14, 2022
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.
2106 E. Fayette Street is located in the Butchers Hill-CARE-Patterson Place area of East Baltimore, two blocks from Patterson Park. The neighborhood is convenient to Johns Hopkins Hospital, Downtown Baltimore, Fells Point and Canton. Public transportation, shopping and dining are within walking distance. Neighborhood housing is predominantly comprised of tidy two and three story townhomes.
Rectangular lot – 15’4″ x 100′. Plat
Zoning R-8, residential
Two Story Inside-Group Brick Townhome, built in 1910, containing 1,230 square feet of living area, plus basement. Home has vinyl-clad double-hung windows and built-up roof. First floor contains a living room, dining room, updated kitchen and half-bath. Second floor has three bedrooms and bath. Half basement. Gas forced air heat. Lead free.
The property is sold free and clear of liens and subject to an annual $49 ground rent. Baltimore City Deed Book FMC 6054, Page 111.
Published annual real estate taxes are $2,927, based on a full value assessment of $124,500.
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
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – A $15,000 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.
Online Auction Bidders – A 10% deposit, payable by cashier’s check or wire transfer is due by 4:00 p.m. on the day of auction.
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, 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 final bid price.