"Penn North"

 REAL ESTATE AUCTION 

– $10,000 Suggested Opening Bid –

Renovated, Two Story
BRICK TOWNHOME
3 Bedrooms ◆ 1.5 Baths

Sale On Premises
2421 FRANCIS STREET
Baltimore, MD 21217

WEDNESDAY, MARCH 6, 2019
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.

LOCATION:
2421 Francis Street is located several blocks south of Druid Hill Park, in the Penn North neighborhood of central Baltimore City. The neighborhood is predominantly residential, mainly comprised of brick townhomes. Redevelopment plans are underway for the neighborhood, which is convenient to Downtown Baltimore, via public transportation or the nearby Jones Falls Expressway (I-83).

SITE:
Rectangular lot 15′ x 95′
Zoning R-8, residential
All public utilities
Fenced rear yard

IMPROVEMENTS:
Two story brick inside-group townhome, built in 1900, containing 1,298 square feet of living area and 649 square feet of basement space, according to public tax records. The home has a repointed brick front and double-hung replacement windows. Certified lead free: MDE lead inspection certificate.

First Floor

• Living Room – carpeting, exposed brick wall
• Dining Room – carpeting
• Kitchen – ceramic tile, updated wood cabinets, laminate counters, dishwasher, electric range/oven, refrigerator
• Laundry Room
• Half-Bath

Second Floor

• 3 Bedrooms – carpeting
• Full Bathroom – ceramic tile floor and bath surround

Unfinished Basement
Electric heat pump and central air conditioning
Electric water heater
200 amp. electric

The home is clean and appears well maintained.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book 10049, Page 327.

TAXES:
Published annual real estate taxes are $674, based on a full value assessment of $28,600. 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 see contract of sale for complete terms.
A $2,500 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. 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.

No buyer’s premium.