Buy It Now: $170,000 - "Upper Fells Point"

BUY IT NOW: $170,000

TWO STORY
TOWNHOME

2236 BANK STREET
Off S. Collington Avenue,
Near Patterson Park Avenue
Baltimore City, MD 21231

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:
2236 Bank Street is located in the Upper Fells Point neighborhood of Baltimore City. Surrounding neighborhoods include Fells Point, Canton, Butcher’s Hill and Washington Hill. Upper Fells Point is home to a multitude of food, entertainment and retail options. Patterson Park is less than one block away, which features an array of recreational opportunities in addition to the scenic paths, pond and Pagoda. Other nearby attractions can be found along Broadway, a short distance to the west, as well as the Fells Point, Canton and Harbor East waterfront areas to the south, each of which feature an ample variety of dining, shopping and entertainment. The Johns Hopkins Hospital East Baltimore Campus is roughly 8 blocks to the north. Other major employers are also within close proximity. The Jones Falls Expressway (I-83) is about 1 mile northwest, and I-95 is a little over 2 miles east.

For more information, please see:
https://livebaltimore.com/neighborhoods/upper-fells-point/

SITE:
Lot – 13′ x 50’4″, more or less

Fenced rear yard

Zoned residential

All public utilities

IMPROVEMENTS:
Two story inside group townhome – according to public tax records, the house was constructed in 1910, contains 840 square feet of living area and 364 square feet of basement space. The home features vinyl-clad replacement windows, updated kitchen and bath, forced air heat and hardwood floors. Arranged for a living room, dining room and kitchen with walk-out to rear yard, on the first floor; two rooms and bath, on the second floor; unfinished basement. 

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

TAXES:
Published annual real estate taxes are $3,497, based on a full value assessment of $150,00. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A 10% deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. 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. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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.

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