"Riverside - Federal Hill Area"

REAL ESTATE AUCTION

TWO STORY
BRICK TOWNHOME

Sale On Premises
110 E. CLEMENT STREET
Off Light Street
Baltimore City, MD 21230

WEDNESDAY, SEPTEMBER 18, 2019
AT 12:15 P.M.

– Suggested Starting Bid: $115,000 –

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:
110 E. Clement Street is located in the Riverside neighborhood in South Baltimore. Surrounding neighborhoods include Federal Hill, Otterbein, South Baltimore and Locust Point. A newly renovated Cross Street Market, Thomas Johnson Elementary/Middle School and Riverside Park are all within approximately three blocks. Riverside Park features a pool, ball fields, playground, exercise stations and an events pavilion. Federal Hill Park is within approximately 5 blocks, and features some of the City’s most impressive views, recreational facilities and a number of annual events, including AVAM’s Flicks from the Hill and Kinetic Sculpture Race. Ample shopping, dining and entertainment options are available nearby, including the aforementioned Cross Street Market and the Stadium Complex. Proximity to I-395, I-95, MD-295 and MARC train service offers easy commuter access to those working throughout the area.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/riverside/
https://livebaltimore.com/neighborhoods/federal-hill/

SITE:
Lot – 13′ x 71’6″, more or less

Vehicle accessible alley, off-street parking potential

All public utilities

IMPROVEMENTS:
Two story brick inside-group townhome – constructed in 1880, containing 1,183 square feet of living area and 520 square feet of basement space, according to public tax records. The home features an updated kitchen, open floor plan, replacement windows and CAC. Arranged for a living room, dining room and kitchen, on the first floor; three rooms and bath, on the second floor; full basement; radiant heat and CAC.

TITLE:
In fee simple; sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $5,328.88, based on a full value assessment of $225,800.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
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. 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 8% 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.

For a purchase price in excess of $192,000, the terms of sale shall be amended as follows: 1) settlement shall not be before Monday, November 4, 2019 or after Friday, November 8, 2019, unless otherwise agreed to in writing by all parties to the contract; 2) no interest will be charged to purchaser in accord with the terms previously stated herein; and, 3) 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 settlement. All other contract terms shall remain the same.

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