"Upper Fells Point"

REAL ESTATE AUCTION

TWO SIDE-BY-SIDE
BRICK TOWNHOMES
Being Sold Together

Sale On Premises
421 – 423
S. DURHAM STREET
Off Bank Street
Baltimore City, MD 21231

THURSDAY, APRIL 4, 2019
AT 11:00 A.M.

– Suggested Starting Bid: $95,000 –

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:
421-423 S. Durham Street is located in the Upper Fells Point neighborhood of Baltimore City, and is within the Fells Point National Historic District. Surrounding neighborhoods include Fells Point, Canton, Butcher’s Hill and Washington Hill. The property is situated about 5 blocks west of Patterson Park, which features an array of recreational opportunities in addition to the scenic paths, pond and Pagoda. Other nearby attractions can be found along Broadway, a short distance to the west, as well as the Fells Point, Canton and Harbor East waterfront areas to the south, each of which feature an ample variety of dining, shopping and entertainment. The Johns Hopkins Hospital East Baltimore Campus is roughly 8 blocks to the north. Other major employers are also within close proximity. The Jones Falls Expressway (I-83) is about 1 mile northwest, and I-95 is a little over 2 miles east.

For more information about the area, please see:
https://livebaltimore.com/neighborhoods/upper-fells-point/

SITE:
Lot – 20′ x 60′ total, more or less

421-423 S. Durham Street is referred to as 421 S. Durham Street, and block 1772 lot 83, in public tax records. The lot comprises both 421 and 423 S. Durham Street, which was both lots 82 and 83 in block 1772. Each lot is 10′ front by 60′ deep.

Each property has a walled patio

Zoned residential

All public utilities

IMPROVEMENTS:
The property is improved by two 2-story brick inside-group formstone front townhomes with separate entrances. According to public tax records, the homes were constructed in 1890 and contain a total of 1,240 square feet of living area and 540 square feet of basement space. 421 S. Durham Street has been substantially updated, featuring wood windows, wood floors, an efficient, modern kitchen and many custom finishes. 423 S. Durham Street is in need of renovation. Both properties have new water lines, new sewer lines and new concrete slabs in the rear patios.

421 S. Durham Street – Arranged for a living room (wood floor) and kitchen, on the first floor; two rooms on the second floor; full, finished basement with full bath. Electric baseboard heat. 200 amp. electrical service. 30 gallon electric water heater. The kitchen has been updated to include custom stainless steel counter tops along with stainless steel GE monogram oven and stainless steel U-Line refrigerator. The living room floors are antique repurposed whiskey factory floors custom installed for the home. The basement bathroom features an original clawfoot bathtub.

423 S. Durham Street – Arranged for a living room, dining area and kitchen, on the first floor; two rooms on the second floor; unfinished basement.

The sale presents an opportunity to use the homes as separate residences, whether as an owner occupant or for investment, or combine the houses into one more substantial residence. Either option presents ample opportunity for a unique acquisition.

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

TAXES:
Published annual real estate taxes are $3,740.60, based on a full value assessment of $158,500. 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:
http://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 $10,000 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. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place on May 17, 2019, or earlier if mutually agreed to by the parties. 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. 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 settlement 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. 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. 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!