"Washington Village - Pigtown National Historic District"

Two Story Brick Townhouse Shell
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Listing Details

Sold Price
$31,000
Auction Date
Auction Time
12:45 PM
Address
1122 Nanticoke Street, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Washington Village, Pigtown National Historic District
Inspection
Property will be open for inspection 30 minutes prior to 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 and Terms of Sale.

REAL ESTATE AUCTION
At the Risk and Expense of the Defaulting Contract Purchaser.
                                            
WASHINGTON VILLAGE
Pigtown National Historic District

TWO STORY, BRICK
TOWNHOUSE SHELL

 

Sale On Premises
1122 NANTICOKE STREET
Off 1100 W. Ostend Street
Baltimore, MD 21230

FRIDAY, MAY 2, 2014
AT 12:45 P.M.


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:

1122 Nanticoke Street is located on the southwest side of Downtown Baltimore.  The property is lin a redevelopment area, within walking distance of Camden Yards, M&T Bank Stadium, the new Baltimore City casino, University of Maryland Hospital and Baltimore Campus and many Downtown attractions.

For directions from your location, visit: maps.google.com


SITE:

Rectangular lot - 12' x 70'

Zoning R8

All public utilities are available


IMPROVEMENTS:

Two Story Brick Inside-Group Townhome - according to Baltimore City tax records, the home was constructed in 1898, contains 1,068 square feet of living area and 480 square feet of basement space.  The property is boarded and needs rehabilitation.


TITLE:

The property is sold free and clear of all liens and subject to an annual $36 ground rent.  Baltimore City Deed Book 10401, Page 585.


TAXES:

2013-2014 published annual real estate taxes are $1,551, based on the full value assessment of $77,000.  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 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 due by 12:00 noon on Monday, May 5, 2014 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, 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 or covenants of record affecting same, 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.