Featuring Live & Simulcast Online Bidding
– $100,000 Suggested Opening Bid –
Prime Renovation Opportunity
THREE STORY TOWNHOME
Sale On Premises
1009 FAWN STREET
Baltimore, MD 21202
Online Bidding Opens
FRIDAY, DECEMBER 18, 2020
Live On-Site Auction Begins
TUESDAY, DECEMBER 22, 2020
AT 11:00 A.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. The auction will be open for online bidding beginning on Friday, December 18, 2020. Once the simulcast begins, both online and in-person bidders will be able to place bids on the property. The simulcast will end approximately 15 minutes after the live auction begins, at which time online bidding will close. If you encounter a problem placing online bids, please refresh the page.
1009 Fawn Street is situated between Central Avenue and Exeter Streets, in the Little Italy neighborhood of eastern Downtown Baltimore. Little Italy adjoins the east side of Baltimore’s Inner Harbor and the north side of “Harbor East.”
LiveBaltimore.com states, “Little Italy is located in the heart of the downtown renaissance in Baltimore. Nestled between the Inner Harbor and Historic Fells Point, you will find a warm and inviting neighborhood where most residents in the community are of Italian descent. The personalities found are always warm, welcoming and colorful. The area boasts more than 20 of Maryland’s best Italian restaurants and trattorias. Walking distance from the fine neighborhood is Fells Point, Camden Yards, and, of course, the Inner Harbor. In addition, the water taxi provides shuttle service from Fells Point to/from Little Italy. Little Italy was founded in 1849 to serve the growing Italian population. It has flourished and the restaurants have grown from one to over 20. The neighborhood strives to maintain the Italian heritage and traditions while embracing the revitalization of Baltimore. Little Italy is a true jewel in Baltimore City.”
Metro Light Rail and bus service are within walking distance, as are upscale and neighborhood shopping, restaurants, a movie theater, dozens of restaurants and bars. The neighborhood is convenient to the Jones Falls Expressway (I-83), providing access to the Baltimore Beltway (I-695) and the metropolitan area. I-95 is less than one mile west of the neighborhood.
For additional information:
Little Italy in Baltimore, MD – www.littleitalymd.org
Rectangular lot 12’8″ x 100′ – Plat
Zoning C-1, Commercial
All public utilities
Enclosed rear courtyard
Two Story Formstone Front, Inside-Group Townhome, built around 1900, containing 2,200 sf of living area, according to public tax records, plus full basement. The home has aluminum double hung windows, built-up roof, steel fire escape and block foundation.
First Floor – carpeted living room, carpeted dining room, 2 middle rooms with vinyl tile floors, kitchen with vinyl tile floor, refrigerator, gas range/oven, stainless steel sink, laminate cabinets and counters, laundry/half-bath, exit to rear courtyard.
Second Floor – 3 bedrooms with wood or plywood floors, kitchen with wood floor and gas range/oven, full ceramic tile bath.
Third Floor – 2 rooms with wood floors.
Full Basement – unfinished.
Mechanical – gas hot water heat, gas water heater.
The home needs updating and cosmetic repairs.
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book 22105, Page 133.
Published annual real estate taxes are $4,672, based on a full value assessment of $198,000. 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.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale, if purchased at the live on-site auction. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. If the property is purchased online, a 10% deposit shall be paid by wire or cashier’s check by 4:30 p.m. on the day 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.