"Seton Hill - National Historic District"

REAL ESTATE AUCTION

TWO STORY BRICK
TOWNHOME

Sale On Premises
603 N. PACA STREET
Near George Street
Baltimore City, MD 21201

THURSDAY JANUARY 31, 2019
AT 11:00 AM

– Suggested Starting Bid: $20,000 –

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:
603 N. Paca Street is located in the Seton Hill neighborhood in downtown Baltimore. Seton Hill is an historic neighborhood situated immediately west of Mount Vernon. The neighborhood is a perfect home for students and staff alike at the University of Maryland Baltimore and University of Baltimore. It is also ideally situated for young professionals and families, as the nightlife and cultural excitement of Mount Vernon are just a close walk to the east. The home is located within minutes of Lexington Market (0.3 miles), The Walters Art Museum (0.5 miles) and the Inner Harbor (1.3 miles). Commuters can take advantage of Route 40 (0.1 miles) for east/west travel and Martin Luther King Jr. Boulevard (0.4 miles) for north/south travel. Major employers in the area include University of Maryland Baltimore, University of Maryland Medical Center and The University of Baltimore.

For more information, please see:
https://livebaltimore.com/neighborhoods/seton-hill/

SITE:
Lot – 17’7″ x 49’4″, more or less

Zoned Residential

All public utilities

IMPROVEMENTS:
Two story inside group, brick townhome – according to public tax records the home was constructed in 1920. The home is believed to contain living room, dining room and kitchen, on the first floor; two bedrooms and bathroom, on the second floor; unfinished basement. Needs full renovation.

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

TAXES:
Published annual real estate taxes are $3,119.32, based on a full value assessment of $132,200. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 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 12% per annum, from the date of the contract of sale 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. 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 Buyer’s Premium!