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Law Offices of Arthur L. Drager, LLC
One North Charles Street – Suite 1200
Baltimore, MD 21201
Featuring Live & Online Simulcast Bidding
– $100,000 Opening Bid –
TWO STORY TOWNHOME
Off-Street Parking Potential
1744 JACKSON STREET
Off 600 Block E. Fort Avenue
Baltimore, MD 21230
Online Bidding Opens
MONDAY, JUNE 27, 2022
Live Onsite Auction
WEDNESDAY, JUNE 29, 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.
The property is located in the Riverside neighborhood in South Baltimore City, just south of Federal Hill and east of Locust Point. Riverside comprises a large area extending from Wells Street and the CSX tracks up to Cross Street, and from Light Street over to Key Highway. Riverside Park is the cornerstone of the neighborhood, and 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.
Rectangular lot – 12′ x 80′. Plat
Zoning R-8, residential
Fenced, concrete paved rear yard with room for off-street parking. Adjacent homes have parking pads.
Two Story Inside-Group Townhome, built in 1900, containing 988 square feet of living area and 494 square feet of basement space, according to public tax records.
Exterior – brick construction, front bow window, built-up roof, vinyl-clad double-hung windows, brick foundation
Mechanical – gas hot water heat with radiators, gas water heater, 100-amp. electric, sump pump
The home appears well maintained, but needs updating.
The property is sold in fee simple and free and clear of liens. Baltimore City Deed Book MB 19177, Page 132.
Published annual real estate taxes are $4,376, based on a full value assessment of $185,867.
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 – dat.maryland.gov
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – A $15,000 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 is due by 4:00 p.m. on the day of auction.
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. A 5% buyer’s premium will be added to the final bid price.
Guardianship of Catherine St. Clair King