"Hollins Market"

THREE STORY
BRICK TOWNHOME

115 S. POPPLETON STREET
Off W. Lombard Street
Baltimore City, MD 21201

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:
115 S. Poppleton Street is located in the Hollins Market neighborhood in southwest Baltimore City, and is situated within the Hollins Market-Roundhouse National Historic District. Adjoining neighborhoods include Pigtown, Poppleton, Union Square and the University of Maryland Baltimore Campus. The University of Maryland Biopark is approximately three blocks to the north, Hollins Market is three blocks west and the B&O Railroad Museum is about one block to the south. The Stadium Complex and Downtown Baltimore are within one-half mile. The neighborhood is convenient to major employers throughout the area, with proximate access to I-395 and I-95, a short distance to the south. Surrounding properties are comprised predominantly of brick townhomes.

For more information, please see:
https://livebaltimore.com/neighborhoods/hollins-market/

SITE:
Lot – 13′ x 81′, more or less

Rear patio

Zoning – R8, residential

All public utilities

IMPROVEMENTS:
Three story brick formstone-front inside-group townhome – the home was constructed in 1900, contains 1,290 square feet of living area and 390 square feet of basement space, according to public tax records. The home is gutted, framed and ready for renovation. The interior is arranged for 6 rooms (4 bedrooms), bath and basement. Needs renovation.

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,023.30, based on a full value assessment of $85,733. 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:
http://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. 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.