"Johnston Square"

Old East Baltimore National Historic District
Two Story Townhome - Circa 1993 - Lead Free
3 Bedrooms, 2 Baths
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Listing Details

Sold Price
$37,000
Auction Date
Auction Time
1:30 PM
Address
1110 Somerset Street, Baltimore, MD, 21202
County
Baltimore City
Neighborhood
Johnston Square, Old East Baltimore National Historic District
Inspection
The house will be open 30 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, additional photos, and Terms of Sale.

Additional Photos

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 REAL ESTATE AUCTION 

- $20,000 Suggested Opening Bid -

JOHNSTON SQUARE

Old East Baltimore National Historic District

3 Bedroom ◆ 2 Bath
TWO STORY TOWNHOME
Circa 1993 - Lead Free

Sale On Premises
1110 SOMERSET STREET
Off 1200 E. Chase Street
Baltimore, MD 21202

WEDNESDAY, NOVEMBER 9, 2016
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:
1110 Somerset Street is located in eastern-central Baltimore City, between the 1200 blocks of E. Biddle and E. Chase Streets. The property is part of a group of homes built in 1993 by Aisquith-Somerset Development, Inc., in conjunction with the Maryland Department of Housing and Community Development. The neighborhood is about one mile northeast of Downtown Baltimore and about one-half mile north of Johns Hopkins Hospital. Public schools, parks and transportation are within a short walk of the home. Homes on the block appear well maintained and have adequate on-street parking.

SITE:
Rectangular lot - 14' x 83'
Zoning R8, residential
All public utilities
Fenced front and rear yards

IMPROVEMENTS:
Two Story Brick Inside-Group Townhome built in 1993 - lead free, containing 840 square feet of living area and 420 square feet of basement space of which approximately 50% is finished. Total finished area is estimated to be 1,050 square feet. The home has a pitched composition shingle roof and vinyl-clad double-hung windows.

The interior contains:

  • Living Room - vinyl floor
  • Eat-in Kitchen - vinyl floor, gas range/oven, ceiling fan
  • Master Bedroom - carpeting
  • En-Suite Master Shower Bath - vinyl/fiberglass
  • Bedroom #2 - carpeting
  • Bedroom #3 - carpeting
  • Full Hall Bath - vinyl/fiberglass
  • Laundry/Utility Room - washer and dryer

Mechanical
Gas forced air heat
Central air conditioning
40 gallon gas water heater
100 ampere electric service

The home was previously rented to a Section 8 tenant and is currently vacant.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Liber 12071-276.

TAXES:
Published annual real estate taxes are $1,753.48, based on a full value assessment of $74,300. 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

TERMS OF SALE:
A $3,000 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. 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 contract to date of settlement. 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 contract 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. 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 buyers premium.