"Patterson Park - Highlandtown National Historic District"

Two Story Townhome
2 Master Bedrooms, 3.5 Baths, Finished Basement
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Listing Details

Sold Price
$137,000
Auction Date
Auction Time
11:00 AM
Address
106 N. Luzerne Avenue, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
Patterson Park - Highlandtown National Historic District
Inspection
The property will be open 45 minutes prior to the auction on the day of sale only.
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 

- $75,000 Suggested Opening Bid -

PATTERSON PARK
HIGHLANDTOWN

National Historic District

TWO STORY TOWNHOME
2 Master Bedrooms ◆ 3.5 Baths
Finished Basement

Sale On Premises
106 N. LUZERNE AVENUE
Off 2600 Fairmount Avenue
Baltimore, MD 21224

WEDNESDAY, APRIL 20, 2016
AT 11:00 A.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:
106 N. Luzerne Avenue is located one block north of Patterson Park on a very nice block of East Baltimore townhomes.  Luzerne Avenue is one-way northbound from Fairmount Avenue, with ample diagonal on-street parking.  Situated near Fells Point, Canton and Butcher’s Hill, the Patterson Park-Highlandtown area is one of Baltimore’s most up-and-coming neighborhoods.  

SITE:
Level, rectangular lot 14' x 72'
Rear concrete courtyard
Zoning R8, residential
All public utilities

IMPROVEMENTS:
Circa 1900 two story inside-group townhome - according to public tax records the home contains 1,456 square feet of gross living area and 672 square feet of basement space.

Exterior
Brick walls
White marble steps
Built-up roof
Vinyl-clad double-hung windows

Interior
Exposed brick wall on all three levels
Drywall
Updated kitchen and bathroom fixtures

First Floor

  • Foyer with wood floor
  • Large Living Room - carpeting
  • Dining Room - carpeting
  • Eat-in Kitchen - ceramic tile floor, wood cabinets, laminate counters, stainless steel refrigerator, gas range/oven, microwave, dishwasher, exit to courtyard
  • Half-Bath - vinyl floor

Second Floor

  • Master Bedroom #1 - carpeting, large closet, ceiling fan, full ceramic tile en-suite bath
  • Master Bedroom #2 - carpeting, large closet, ceiling fan, full ceramic tile en-suite bath

Basement - partially above grade with two windows

  • Family Room - carpeting, storage closet
  • Laundry/Utility Room - washer and dryer
  • Bathroom with shower

Mechanical
Updated gas forced air heat and central air conditioning
Gas, 40-gallon water heater
Updated electric

The home is currently tenant occupied and needs some cosmetic repairs.

OCCUPANCY:
The property has been leased to Catholic Charities for $1,250/month, with the lease expiring on April 30, 2016.

TITLE:
The property is in fee simple and sold free and clear of liens.  Baltimore City Deed Liber 17482, Folio 160.

TAXES:
Published annual real estate taxes are $5,120.30, based on a full value assessment of $218,000.  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://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A $7,500 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 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, rents, 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.