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This Auction has been CANCELED.
Sold Prior to the Auction.
Donald P. Mazor, Attorney
2800 Stone Cliff Drive – Suite 103
Baltimore, MD 21209
$100,000 Opening Bid
2 Bedrooms ◆ 2 Baths
1101 ST. PAUL STREET
Baltimore, MD 21202
– CANCELED –
Online Bidding Opens
MONDAY, NOVEMBER 29, 2021
Online Bidding Closes
FRIDAY, DECEMBER 3, 2021
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.
Saint Paul at Chase is a well-established condominium high-rise located in the Mid-Town Belvedere neighborhood of Downtown Baltimore, north of the central business district and south of historic Mount Vernon. Saint Paul at Chase was constructed in 1965 and converted into condominiums in the 1980’s to offer 246 one and two-bedroom units over 23 stories. Saint Paul at Chase’s condominiums feature bright and airy open floor plans with high ceilings and large windows, with many units boasting renovations that raise the fixtures and fittings to modern standards. Residents of Saint Paul at Chase have access to a fitness center and a residents’ lounge. A full compliment of staff, garage parking and laundry facilities make living here a simple pleasure. Saint Paul at Chase boasts an excellent address, with convenient access to restaurants, retail outlets, and cultural institutions. Nearby highways and major public transportation links create an effortless commute around vibrant Baltimore. The building is convenient to the University of Baltimore, Peabody Conservatory, University of Maryland, Penn Station, Baltimore courts, municipal offices and the Inner Harbor.
The condominium building has a lobby with staffed reception desk and self-service elevators. Monthly condominium fee of $520.72, includes common area maintenance, building insurance, water, concierge service and security.
Fifth Floor Corner Unit comprises 1,196 square feet and contains –
Electric heat and central air conditioning. The unit needs updating and cosmetic repairs.
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book FMC 16754, Page 163.
Published annual real estate taxes are $3,763, based on a full value assessment of $169,499. 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.
A 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 p.m. on Friday, December 3, 2021. 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, condominium fees, 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; and subject to the Declaration and Bylaws of the Saint Paul at Chase Condominium. 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 agrees to waive any right of rescission under Maryland Condominium Law, have reviewed the condominium resale package prior to the auction and execution of the contract of sale. 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.