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ONLINE REAL ESTATE AUCTION
TWO STORY TOWNHOME
1433 N. FULTON AVENUE
Baltimore City, MD 21217
MONDAY, JUNE 27, 2022
TUESDAY, JUNE 28, 2022
AT 11:45 A.M.
– Bidding Starts at: $10,000 –
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.
1433 N. Fulton Avenue is located in the Sandtown – Winchester neighborhood in west Baltimore. Surrounding neighborhoods include Easterwood, Druid Heights, Upton and Harlem Park. Nearby properties are a mix of townhomes and apartments, with some commercial and religious properties along Fulton Avenue and Monroe Street. Downtown’s Central Business District is approximately 2 miles southeast. Public transportation is readily available nearby, with bus service along both Fulton Avenue and Presstman Street, Metro train stations within approximately one-half mile and the West Baltimore MARC station a little over one mile south. A number of large employers are nearby as well as in Downtown Baltimore.
Rectangular lot – 13’4″ x 70′, more or less. Plat
All public utilities
Zoned R-8 Residential
Two story brick inside-group townhome – constructed in 1900, according to public tax records. The home has been well updated, and features a fully updated kitchen, new flooring and forced air heat. The property is arranged for an open living room and dining room area and full kitchen, on the first floor; two bedrooms and large bathroom, on the second floor; unfinished basement with laundry hook-ups; gas forced air heat; gas 40 gallon water heater; 100 amp electrical service.
Published annual real estate taxes are $1,533.22, based on a full value assessment of $64,967.
Subject to an annual $60 ground rent (unregistered); sold free and clear of liens.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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.