Absolute Auction Above $125,000 Bolton Hill - Maryland Institute College of Art Renovated 3 Story Townhome

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Listing Details

Sold Price
$150,000
Auction Date
Auction Time
11:00 AM
Address
1310 Rutter Street, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Bolton Hill - MICA
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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 ABSOLUTE AUCTION
To The Highest Bidder Above $125,000

- Purchased for $279,000 in 2006 -
                                     
BOLTON HILL
“Maryland Institute College of Art Campus”


Renovated, 3 Story
BRICK TOWNHOME

 Sale On Premises
1310 RUTTER STREET
One Block South of Mt. Royal Ave.,
Between W. Lafayette and W. Lanvale Sts.
Baltimore, MD 21217


THURSDAY, JANUARY 12, 2012
 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 and square footage contained herein are more or less.

LOCATION & DIRECTIONS:

 1310 Rutter Street is located in the heart of the Maryland Institute College of Art (MICA) campus and historic Bolton Hill.  This unique block is amidst grand renovated historic townhomes and mansions, blocks from I-83, and minutes from the Downtown Baltimore business district.  Within walking distance are  the Lyric Opera House, Meyerhoff Symphony Hall, numerous restaurants, shops and Penn Station.

For more information on Bolton Hill, visit:
http://www.boltonhill.org/neighborhood/n_home.htm
http://en.wikipedia.org/wiki/Bolton_Hill,_Baltimore
http://www.livebaltimore.com/neighborhoods/list/boltonhill/

 

For more information on the Maryland Institute College of Art (MICA), visit:
http://www.mica.edu/

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

 

SITE AREA

Rectangular lot measuring 10' front x 50' deep, more or less

 

All public utilities

 

Rear privacy fenced courtyard

 

Block Plat (pdf)

 

IMPROVEMENTS

Renovated three story brick townhome features newly installed hardwood floors throughout, vinyl double glazed replacement windows, 2-zoned heatpump and central air conditioning system and is arranged as follows:

First Floor

  • Living Room with built-in bookcases
    Photos of auction property
    LIVING ROOM - PHOTO #1    PHOTO #2

     
  •  
  • Eat-in Updated Kitchen with exposed brick walls, 4-burner gas range/oven, dishwasher, dining area  and walkout to private courtyard


Second Floor


Third Floor

 


Full Basement

  • Laundry area with Whirlpool washer and Whirlpool dryer

 

REAL ESTATE TAXES

2011-2012 published annual real estate taxes are $4,912, based on a full value assessment of $206,400. 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.

 

TITLE

The property is being sold subject to a $48 ground rent and is being sold free and clear of liens

 

INSPECTION TIME

From 10:00 a.m. on the day of sale or by appointment.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $10,000 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 office of the Auctioneers.  Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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.  Taxes and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Seller, the attorney for the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof.  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 Auctioneer.  The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.


        
No buyer’s premium.

 


BIDDER PRE-REGISTRATION

Online pre-registration is now closed. Please register with the Auctioneer at the auction site.

 

Broker participation is invited
BROKER REGISTRATION FORM (pdf)

 

FINANCING

Call for pre-qualification and financing options:

Mr. Craig Kessler
Freedmont Mortgage Funding

50 Scott Adam Road
Hunt Valley, Maryland  21030
410-654-3900 direct
410-702-4511 fax
ckessler@freedmont.com

For all other information please call 410-296-8440
OR EMAIL info@ajbillig.com

 

See our Financing Page for a list of auction-oriented lenders.