"South Baltimore - Federal Hill Area"

 ONLINE REAL ESTATE AUCTION 

TWO STORY BRICK
TOWNHOME
2 Bedrooms ♢ 2 Bathrooms

Known As:
1513 RACE STREET
Off W. Fort Avenue
Baltimore City, MD 21230

BIDDING OPENS:
MONDAY, JUNE 13, 2022

BIDDING CLOSES:
TUESDAY, JUNE 14, 2022 AT 11:00 A.M.

– Bidding Starts at: $70,000 –

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:
1513 Race Street is located in the South Baltimore neighborhood of southern Baltimore City. Surrounding neighborhoods include Federal Hill, Riverside 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:
South Baltimore – livebaltimore.com
Federal Hill Main Street – fedhill.org

SITE:
Rectangular lot – 12′ x 78′. Plat
Zoning R-8, residential
All public utilities
Fenced rear yard

IMPROVEMENTS:
Two story inside-group townhome built in 1900, according to public tax records. The home contains living room, dining room, kitchen, on first floor; two bedrooms and two bathrooms, on second floor; unfinished basement with laundry area. Central air conditioning is available throughout the home. The home had been rented for over 15 years for $1,400.

TAX INFORMATION:
Published annual real estate taxes are $3,553, based on a full value assessment of $151,367.

TITLE:
In fee simple; sold free and clear of liens. Baltimore City Deed Book Liber FMC 16300, folio 56.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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.