"Pigtown National Historic District"

3 Blocks from M&T Bank Stadium
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Listing Details

Sold Price
$102,000
Auction Date
Auction Time
1:00 PM
Address
741 W. Cross Street, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Pigtown National Historic District
Inspection
The home may be inspected 30 minutes prior to the auction.
Additional Documents
Baltimore City Block Plat
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION

PIGTOWN
NATIONAL HISTORIC DISTRICT
3 Blocks from M&T Bank Stadium

Large Three Story
END-OF-GROUP TOWNHOME

Sale On Premises
741 W. CROSS STREET
Corner 1100 Block S. Paca Street
Baltimore City, MD 21230

THURSDAY, JUNE 26, 2014
AT 1:00 P.M.

- Suggested Opening Bid: $25,000 -

    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:
741 W. Cross Street is located in the Washington Village - Pigtown Neighborhood, and is within the Pigtown National Historic District. The Washington Village - Pigtown Neighborhood has had a significant role in the rich industrial tradition of Baltimore City based in its orientation along major rail lines. More recently the neighborhood has seen a resurgence as a result of its very proximate location to Downtown, major highways and numerous employment centers around the neighborhood. The home is located at the southeastern edge of the neighborhood, within about 3 blocks of the Stadium Area, which features both M&T Bank Stadium and Oriole Park at Camden Yards. Other nearby neighborhoods include Ridgely’s Delight, Barre Circle, Hollins Market, Otterbein and Federal Hill.

For more information about Washington Village - Pigtown, please see:
http://livebaltimore.com/neighborhoods/pigtownwashington-village/#.U4x6AXKwJOI

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

SITE:
Rectangular lot 16' x 95', more or less

Zoning R-9, residential

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

IMPROVEMENTS:
Three story brick end-of-group townhome - according to public tax records the home was constructed in 1900, contains 3,384 square feet of living area and 1,208 square feet of basement space. The home features multiple entrances and a steel fire-escape. Believed to be arranged for 8 rooms (4 bedrooms), bath and basement. The property is in need of renovation.  

TITLE:
Subject to an annual $120 ground rent (due semi-annually on 6/1 & 12/1);  and sold free and clear of liens.

TAXES:
Published real estate taxes for 2013-2014 are $4,316.44 based on a full value tax assessment of  $182,900. 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://www.dat.state.md.us/sdatweb/appeal.html

TERMS OF SALE:
A $2,500 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!