"Federal Hill Area - South Baltimore Neighborhood"

Two Story End-Of-Group Townhome
6730.jpg

Listing Details

Sold Price
$90,000
Auction Date
Auction Time
2:15 PM
Address
141 W. Randall Street, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Federal Hill Area, South Baltimore Neighborhood
Inspection
The home may be inspected 45 minutes prior to the auction.
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTION

FEDERAL HILL AREA
South Baltimore Neighborhood

Two Story End-of-Group
TOWNHOME

Sale On Premises
141 W. RANDALL STREET
Baltimore City, MD 21230

THURSDAY, OCTOBER 30, 2014
AT 2:15 P.M.

- Suggested Opening Bid: $50,000 -

    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:
141 W. Randall Street is located in the South Baltimore neighborhood, adjoining the Federal Hill and Riverside Neighborhoods, and is part of the Riverside National Historic District. The area is well known for proximity to Oriole Park at Camden Yards, M&T Bank Stadium, numerous restaurants, bars, shopping and entertainment options. The location is within walking distance of a large number of major employers located in Baltimore City, and is just a few blocks from I-95.

For more information about the neighborhood, please see:

http://livebaltimore.com/neighborhoods/south-baltimore/

http://livebaltimore.com/neighborhoods/federal-hill/

http://livebaltimore.com/neighborhoods/riverside/

and
http://southbmore.com

For information about Baltimore City Schools, please see:
http://www.baltimorecityschools.org/

SITE:
Rectangular lot 11'6" x 64', more or less

Zoning R-8, residential

Public water, sewer, gas, electricity, telephone, cable TV

Plat

IMPROVEMENTS:
Two story brick end-of-group townhome - according to public tax records, the home contains 1,056 interior square feet, and 495 square feet of basement space. The home is in need of renovation.

Baltimore City zoning approval has been granted for a two story rear addition and rooftop deck. Building permits have also been issued for construction based on the sketch links below.

Please click each link below to open the documents:

Zoning approval

Building permits: Permit and Underpin Permit

Site plan sketch

Elevation sketch

Floor plan sketch

Framing plan

Section

Underpinning

The property has received a "preliminary, conditional approval" for Commission for Historical & Architectural Preservation (CHAP) tax credits. CHAP tax credits represent a major cost savings for property owners based on a 10 year freeze on the assessment of the property.

For more information about these tax credits, please see:
CHAP tax credit information

CHAP tax credit approval letter

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

TAXES:
2014-2015 Annual Real Estate Taxes - $3,714.64 (based on a full value tax assessment of $157,400).  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 SDAT concerning the appeals process and may see the following link for helpful information: http://www.dat.state.md.us/sdatweb/appeal.html

INSPECTION:
The home may be inspected 45 minutes prior to the auction.

TERMS OF SALE:
A $5,000 deposit, payable by certified check or 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.  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 sale to date of settlement. All adjustments, including taxes, rent, 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 sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions, covenants of record affecting same or housing violation notices, if any.  Purchaser assumes the risk of loss from the date of sale 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!