Absolute Estate Auction Above $90,000 "Bolton Hill - Bolton Square" Two Story Townhome with 2-Car Parking

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Listing Details

Sold Price
$175,000
Auction Date
Auction Time
11:00 AM
Address
246 W. Lafayette Avenue, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Bolton Hill
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Jeffrey E. Nusinov, Attorney
FISHER & WINNER, LLP
2002 Clipper Park Drive - Suite 108
Baltimore, MD 21211

★ABSOLUTE★
ESTATE AUCTION
To the Highest Bidder Above $90,000
                         
BOLTON HILL
"Bolton Square"

TWO STORY TOWNHOME
With 2-Car Parking

 Sale On Premises
246 W. LAFAYETTE AVENUE
Off 1400 Mason Street
Baltimore, MD 21217

FRIDAY, SEPTEMBER 13, 2013
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 & DIRECTIONS:

246 W. Lafayette Avenue is located in the Bolton Hill neighborhood of midtown Baltimore, about 1.5 miles northwest of the Inner Harbor.  As described by LiveBaltimore, Inc.:

"Bolton Hill is an historic district listed on the National Register of Historic Places. It is an urban neighborhood of tranquil, tree-lined streets lined with an outstanding collection of restored mid to late 19th century townhouses, urban mansions, churches, and public buildings. Bolton Hill is peppered with quaint urban parks, historic fountains, and grand monuments that complement the period architecture. There are also several award-winning modern town home enclaves tucked away amidst the historic homes. Most homes contain plots of exterior space set out as hidden retreats or formal gardens that combine with the elegant buildings to make Bolton Hill an urban retreat in the city. In addition to the physical structure, Bolton Hill has a fascinating mix of residents of all age groups, races, religions, ethnic backgrounds, and lifestyles, making it one of the most diverse and accepting neighborhoods in Baltimore."


The neighborhood is within walking distance of the University of Baltimore, Maryland Institute College of Art, Meyerhoff Symphony Hall, Lyric Opera House, numerous arts and cultural attractions.

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


Bolton Square Homeowners Association (BSHA)
The property is located in the Bolton Square townhouse community, an urban development of 35 homes constructed in the mid-1960s.  Each home has two-car parking, a private rear courtyard and access to a common courtyard.  Annual dues are $700.


For additional information:

BSHA - Rules & Regulations (pdf)

BSHA - Bylaws (pdf)

BSHA - Dues (pdf)

 

SITE AREA

Nearly rectangular lot - 18' x 110'
Two-car parking
All public utilities
Zoning R6, residential
Enclosed rear courtyard


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two Story Inside-Group Brick Townhome - according to public tax records, the home was constructed in 1966 and contains 1,080 square feet of living area and 540 square feet of basement area.


Exterior
Brick facade
Built-up roof
Aluminum sliding windows
Full concrete block basement foundation


First Floor

  • Foyer - parquet floor
     
  • Living Room/Dining Room combination - parquet floor, wood-burning fireplace, sliding doors to courtyard
    Photos of auction property
     
  • Kitchen - wood floor, laminate cabinets, gas range/oven, microwave oven, refrigerator/freezer, double stainless steel sink
    Photos of auction property
     


Second Floor

  • Bedroom #1 - parquet floor
    Photos of auction property
     
  • Bedroom #2 - parquet floor
    Photos of auction property
     
  • Full Bathroom - ceramic tile floor and wainscot, skylight
    Photos of auction property
     
  • Hall Skylight


Basement

  • Recreation Room - vinyl floor
  • Laundry Closet  - washer, dryer, utility sink
  • Half-Bath
  • Utility Area


Mechanical
Gas forced air heat
Central air conditioning
100-ampere electrical service
Gas water heater


The home needs updating and cosmetic repairs.

 

REAL ESTATE TAXES

Published tax information for 2013:
Tax Account No. 0314140380-038
Full Value Tax Assessment - $243,100
Annual Real Estate Taxes - $5,786


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://www.dat.state.md.us/sdatweb/appeal.html

 

TITLE

The property is in free simple and will be sold free and clear of liens.  Baltimore City Deed Liber 10442, folio 621.

 

INSPECTION TIME

The property will be open for inspection one hour before the auction and may be inspected by appointment - contact info@ajbillig.com or call 410-296-8440.

 

TERMS OF SALE

A $10,000 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 by Monday, September 16 at 11:00 A.M. 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, HOA fees, 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, including the Bylaws, Rules and Regulations of the Bolton Square Homeowners Association.  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, and agrees to waive any right of rescission under the Maryland Homeowner’s Act.   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.


Auction by order of:
Judith Donna Ford, Personal Representative
of the Estate of Katherine L. Vaughns


Preregistration is strongly encouraged:

 

FINANCING

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