Featuring Live & Online Simulcast Bidding
$150,000 Opening Bid
TWO STORY TOWNHOME
1323 ANDRE STREET
Off 1700 E. Fort Avenue
Baltimore, MD 21230
Online Bidding Opens
MONDAY, JULY 5, 2021
Live Onsite Auction
THURSDAY, JULY 8, 2021
AT 12:00 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.
1323 Andre Street is located in the Locust Point neighborhood of south Baltimore, between Federal Hill and Fort McHenry. Dining, shopping, employment centers and community services are within walking distance of the home. The property is adjacent to the Silo Point Condominium. Latrobe Park is two blocks south of the home.
Rectangular lot 11’3″ x 60′. Plat
Zoning R-8, residential
Enclosed rear courtyard and large sun deck
Two story inside-group brick townhome, built in 1919, containing 957 square feet of living area and 464 square feet of basement space, according to public tax records. The home has a formstone front, second floor bow window, built-up roof and vinyl-clad double-hung windows.
Basement – concrete floors
Mechanical – gas forced air heat, central air conditioning, 40-gallon gas water heater, 100-amp. electrical service.
The property is sold free and clear of liens, subject to an annual $60 ground rent, due on the first days of May and November in each and every year.
Published annual real estate taxes are $3,901, based on a full value assessment of $167,633. 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. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. If purchased by an online bidder, the full 10% deposit is due by cashier’s check or wire transfer by 4:30 p.m. on the day of auction, 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, ground 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 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.