"Riverside - Federal Hill Area"

ONLINE REAL ESTATE SALE
– $200,000 Opening Bid –

THREE
STORY TOWNHOME
~Arranged for Two Units~

Known As:
1266 RIVERSIDE AVENUE
Off Cross Street
Baltimore City, MD 21230

BIDDING OPENS:
FRIDAY, MARCH 12, 2021

BIDDING CLOSES:
TUESDAY, MARCH 16, 2021 AT 12:00 PM

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:
1266 Riverside Avenue is located in the Riverside neighborhood in South Baltimore City. Surrounding neighborhoods include Federal Hill, South Baltimore and Sharp-Leadenhall. The centrally located property is conveniently within a half mile of the recently renovated Cross Street Market – where residents can find coffee shops, food vendors, produce stands and more. The home is equidistant from both historic Federal Hill Park and Riverside Park. Federal Hill Park served as a defensive stronghold during the War of 1812 and the Civil War. Riverside Park includes a public pool, gazebo, ball fields, play ground, annual concerts and events. Significant development is going on in the area, including major projects along Key Highway, Port Covington development, new restaurant and retail operations, new home construction and a significant amount of existing home renovations. Well known coffee shops, restaurants and taverns are along Fort Avenue and Key Highway, as are Charm City Circulator and MTA bus stops. University of Maryland Shuttle service is along Light Street.

For more information about the area, please visit:
Riverside – livebaltimore.com
SouthBMore.com
Riverside Neighborhood Association – www.riversideneighborhoodassociation.com

SITE:
Lot size: 16′ x 82′, more or less. Plat

All public utilities are in the property

Zoning R-8, residential, approved for two dwelling units

Enclosed rear yard

Concrete parking pad

IMPROVEMENTS:
Three story inside-group townhome, constructed in 1870, containing 1,632 square feet of living area and 480 square feet of basement space, according to public tax records. The home is currently arranged for two dwelling units with separate entrances. Unit 1 comprises the first floor and basement with a kitchen, living area, bedroom and bathroom. Unit 2 comprises the second and third floors with living room, dining room, kitchen, on second floor; two bedrooms and bathroom on third floor.

TITLE:
$60 ground rent payable in semi-annual installments on 1/1 and 7/1; sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $6,329.52 based on a full value assessment of $268,200.

SUMMARY TERMS OF SALE (Please see the contract of sale for complete terms):
A 10% deposit, payable by cashier’s check or wire payment, will be required of the Purchaser by 4:00 p.m. on Tuesday, March 16, 2021, 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. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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.

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