"Canton National Historic District"

REAL ESTATE AUCTION

TWO STORY TOWNHOME

Sale On Premises
2540 FAIT AVENUE
Near S. Luzerne Avenue
Baltimore City, MD 21224

FRIDAY, JULY 19, 2019
AT 12:15 P.M.

– Suggested Opening Bid: $95,000 –

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:
2540 Fait Avenue is located in the Canton neighborhood, and is within the Canton National Historic District. The property sits three blocks south of Patterson Park, one of the largest parks in Baltimore City. Patterson Park has been called “The best backyard in Baltimore” by the Washington Examiner, and features dog parks, nature trails, swimming pools and historic battlegrounds. The property is approximately four blocks north of the Baltimore Waterfront Promenade. Restaurants, grocery stores, shops and marinas are all within a short distance. The location offers excellent proximity to all the attractions in Canton, as well as those in the surrounding neighborhoods of Fells Point, Harbor East and Highlandtown.

For more information about Canton, please visit:
https://livebaltimore.com/neighborhoods/canton/

SITE:
Rectangular lot 15′ x 75′, more or less

Walled concrete patio

Detached shed

Zoning R-8, residential

All public utilities

IMPROVEMENTS:
Two story brick formstone front inside-group townhome – constructed in 1900 and containing 1,148 square feet of living area, according to public tax records. Features include replacement windows, updated floors and an updated bathroom. The home is arranged for a living room, dining room, kitchen and full bath, on the first floor; two bedrooms, open sitting room or office and full bath, on the second floor. The home requires additional renovation.

TITLE:
$32.62 ground rent (due in semi-annual installments on 1/1 & 7/1); and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $4,166 based on a full value assessment of $183,533.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $7,500 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 by 12:00 Noon, Monday, July 22, at the Auctioneer’s 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. 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.

No Buyer’s Premium!