Absolute Auction "S. Baltimore - Near Federal Hill" Renovated Townhome

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Listing Details

Sold Price
$202,000
Auction Date
Auction Time
2:00 PM
Address
1419 Olive Street, Baltimore, MD, 21230
County
Baltimore City
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 - Regardless of Price!

                                  
SOUTH BALTIMORE
"Near Federal Hill"

RENOVATED TOWNHOME
Cherry Floors — Granite Counters — Roof Deck
Currently Rented for $1,800/Month

Sale On Premises
1419 OLIVE STREET
Off Fort Avenue, between Charles & Hanover Streets
Baltimore, Maryland 21230

WEDNESDAY, JANUARY 9, 2008
AT 2:00 P.M.
(Inspection 1:15 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 contained herein are more or less.

LOCATION & DIRECTIONS:

1419 Olive Street is located on a quiet lane, north of the unit block of W. Fort Avenue.  The home is within walking distance of Federal Hill, a Georgetown-type community featuring boutiques, retail stores, bars, nightclubs, restaurants, renovated homes and offices.  Public transportation is within one-half block walk, along Fort Avenue, Charles and Hanover Streets.  The property is convenient to I-395, I-95, MD-295 and I-83, providing easy access to employment centers throughout the Baltimore-Washington region.  The MARC railroad station at Camden Yards, a short walk to the west, is the primary commuter rail line between Washington and Baltimore.  Oriole Park at Camden Yards and M&T Bank (Ravens) Stadium are adjacent to the rail line and also within walking distance.  Public parking is available at nearby West Street municipal parking garage or at metered on-street spaces.

For a complete neighborhood description, visit:
http://www.livebaltimore.com/nb/list/sobo/

For directions from your location, visit: MAPQUEST

 

SITE AREA

Rectangular lot - 12' x 49'
All public utilities
Zoning R8, residential
Spectacular views from roof top deck

BLOCK PLAT (pdf)

 

IMPROVEMENTS

Totally renovated two story inside-group brick townhome, features crown mouldings, cherry floors throughout, new electric, plumbing, roof, heating and air conditioning, drywall and windows.  According to public records, the home dates to 1900.  The home was rehabilitated in 2006.

First floor contains a foyer, living/dining room with exposed brick wall, kitchen  with maple cabinets, granite counters, stainless steel range/oven, refrigerator/freezer, dishwasher and sink, and half-bath.

Second floor has two bedrooms, full ceramic tile bath - whirlpool tub and granite counter.

Upper level loft or third bedroom, leads to roof deck.

Basement has finished room and utility room with laundry hook-up.

Mechanical - Gas forced hot air heat, central air conditioning, electric water heater, NuTone intercom/CD/AM/FM system throughout.

 

REAL ESTATE TAXES

$2,820 for tax year 2007

 

TITLE

The property is subject to an annual $24 ground rent.  Deed Liber 6549, folio 280.  The home is sold free and clear of all liens.

 

OCCUPANCY:

The property is currently rented for $1,800/month under a one-year lease expiring August 31, 2008.  The tenants pay for all utilities.

 

TERMS OF SALE

A $15,000 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 within 45 days.  If payment of the 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 an 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.  Time is of the essence.

NO BUYER’S PREMIUM.

Broker participation is invited.
BROKER REGISTRATION FORM