Absolute Above $30,000 "Highlandtown"

Two Story Brick Townhome
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Listing Details

Sold Price
$42,000
Auction Date
Auction Time
1:30 PM
Address
309 Baylis Street, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
Highlandtown
Inspection
The home may be inspected 45 minutes prior to the auction.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description and Terms of Sale.

ABSOLUTE AUCTION
To The Highest Bidder Over $30,000

HIGHLANDTOWN

Two Story Brick
TOWNHOME
- In Need Of Renovation -

Sale On Premises
309 BAYLIS STREET
a/k/a S. Baylis Street
Off 3400 Block Bank Street
Baltimore City, MD 21224

TUESDAY, JANUARY 27, 2015
AT 1:30 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:
309 Baylis Street, sometimes known as South Baylis Street, is located in the Highlandtown Neighborhood in East Baltimore. The property is also part of the Patterson Park - Highlandtown National Historic District. Highlandtown, which is known for its eclectic shops, entertainment and eateries, has been experiencing a renaissance over the last several years. The Creative Alliance's Patterson Theater, Enoch Pratt Free Library's Southeast Anchor Branch,  shopping district  street scape improvements and substantial commercial and residential construction are all examples of the amount of time, money and attention being poured into the neighborhood. The property is within walking distance of each of these amenities, and is also a short walk from Patterson Park.

For more information about the neighborhood, please see:
http://livebaltimore.com/neighborhoods/highlandtown/
http://www.highlandtownarts.com
and
http://highlandtown.com/

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

SITE:
Rectangular lot 12'6" x 75', more or less

Zoning R-8, residential

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

IMPROVEMENTS:
Two story brick inside-group townhome - according to public tax records, the home contains 1,080 interior square feet, and 540 square feet of basement space. The home is in need of renovation.

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

TAXES:
2014-2015 Annual Real Estate Taxes - $2,456.76 (based on a full value tax assessment of $104,100).  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!