This auction has been CANCELED.
Sold prior to the auction.
Featuring Live & Online Simulcast Bidding
– $70,000 Opening Bid –
Baltimore, MD 21217
– CANCELED –
Online Bidding Opens
MONDAY, AUGUST 16, 2021
Live Onsite Auction
THURSDAY, AUGUST 19, 2021
AT 2:00 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.
1902 Mount Royal Terrace is located in the Reservoir Hill neighborhood of Baltimore City, north of North Avenue, west of the Jones Falls Expressway (I-83) and south of Druid Hill Park. As described by LiveBaltimore.com, “Reservoir Hill is a historic neighborhood in West Baltimore. The diverse neighborhood near Druid Hill Park boasts access to the amenities of one of the largest green spaces in the city, community gardens and cafes. Residents love the walkability and enjoy easy access to public transportation, including Metro Subway, LightRail and buses.” The property is two blocks from the Maryland Institute College of Art (MICA) campus, close to Downtown cultural centers, the Universities of Baltimore and Maryland, and the Station North Arts and Entertainment District. The property is located in the Mount Royal Terrace historic district, providing an opportunity for CHAP tax credits.
Lot fronts 18′ along the west side of a park bounding Mount Royal Terrace, by a depth of 99′ to a 20′ alley in the rear. The rear yard is currently fenced, but has potential for one or two-car parking. Plat
Zoning R-7, residential
All public utilities
Three-Story Inside-Group Brick Townhome, built in 1866, containing 2,700 square feet of living area and 900 square feet of basement space, according to public tax records. The basement is partially above grade in the rear.
Exterior – brick construction, wood double-hung windows, second floor balcony, roof covered entry stoop, built-up roof
Interior – high ceilings, wood floors throughout, original millwork and trim, stained glass
Laundry area, wood floor
Mechanical – gas hot air heat, gas water heater, 100 amp. electrical services
The home needs updating and repairs.
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book WA 3774, Page 360.
Published annual real estate taxes are $2,947, based on a full value assessment of $124,900. 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.
Live Auction Bidders – 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.
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, 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 buyers’ premium.
Estate of Paul Douglas Hartzell