Featuring Live & Online Simulcast Bidding
$50,000 Opening Bid
413 FAWCETT STREET
Baltimore, MD 21211
Online Bidding Opens
MONDAY, FEBRUARY 14, 2022
Live Onsite Auction
WEDNESDAY, FEBRUARY 16, 2022
AT 12:30 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.
413 Fawcett Street is located in the Remington neighborhood of Baltimore City. Surrounding neighborhoods include Reservoir Hill to the west, Old Goucher to the east, Station North to the south and Charles Village to the north. Remington has been undergoing significant change in recent years, with projects including the recently completed Remington Row mixed-use development and R. House and Miller’s Court. Long-standing businesses are being coupled with new businesses relocating within the community. Commuters may take advantage of 28th and 29th Streets (0.4 mile) for east/west travel and I-83 (0.7 mile) for north/south travel. Major employers in the area include Maryland Institute College of Art (MICA), Johns Hopkins University and MTA Maryland Central Light Rail Operations.
For more information, please see:
Remington – livebaltimore.com
Lot – 12′ x 63′, more or less. Plat
All public utilities
Two story brick inside-of-group townhome – according to public tax records, the house was constructed in 1900, contains 720 square feet of living area and 360 square feet of basement area.
Subject to an annual $60 ground rent (payable in semi-annual installments on 4/28 and 10/28); sold free and clear of liens.
Published annual real estate taxes are $1,680.32, based on a full value assessment of $71,200.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – 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.
Online Auction Bidders – a 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser 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, 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 Property will be sold subject to Baltimore City violation notices, if any. 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.