"Federal Hill Area - Sharp-Leadenhall"

REAL ESTATE AUCTION

TWO STORY
BRICK TOWNHOME
– Rented for $1,000/Month –

Sale On Premises
1008 CREEK STREET
a/k/a 1008 Creek Alley
Off W. Cross Street
Baltimore City, MD 21230

TUESDAY, APRIL 23, 2019
AT 11:00 A.M.

– Suggested Starting Bid: $50,000 –

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:
1008 Creek Street is located in the Sharp – Leadenhall neighborhood in South Baltimore. Surrounding neighborhoods include Federal Hill, Otterbein, South Baltimore and the Stadium Area. Several new developments are in close proximity, including Hanover Cross Street, Union Brothers Furniture Building and Wheelhouse. A substantially renovated Cross Street Market is set to reopen in coming months. Ample shopping, dining and entertainment options are available nearby within South Baltimore, as well as Downtown and the Inner Harbor. Proximity to I-395, I-95, MD-295 and MARC train service offers easy commuter access to those working throughout the area. There are also a number of parks and recreational areas within a short distance.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/sharp-leadenhall/
https://livebaltimore.com/neighborhoods/federal-hill/
https://livebaltimore.com/neighborhoods/otterbein/

SITE:
Lot – 11′ x 60′, more or less

All public utilities

IMPROVEMENTS:
Two story brick inside-group townhome – the home was built in 1900 and contains 780 square feet of living area, according to public tax records. The home is arranged for an open living room, dining room and kitchen, on the first floor; bedroom and bath on the second floor; gas forced air heat and CAC; vinyl-clad replacement windows. Currently rented for $1,000/month (tenant scheduled to vacate 5/14/19).

MDE Lead Free Certificate

TITLE:
Annual $18 ground rent (unregistered); sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $2,400.12, based on a full value assessment of $101,700.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $5,000 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. 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. All adjustments, including taxes, 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 settlement 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.