Absolute To The Highest Bidder Above $50,000! "Historic Fells Point" Shell Townhome

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Listing Details

Sold Price
$51,000
Auction Date
Auction Time
2:00 PM
Address
2004 Fountain Street, Baltimore, MD, 21231
County
Baltimore City
Neighborhood
Fells Point
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Gerald A. Smith, Attorney
711 St. Paul Street
Baltimore, MD 21202

ABSOLUTE AUCTION
To The Highest Bidder Above $50,000!
                                           
HISTORIC FELLS POINT

- Prime Location -

SHELL TOWNHOME

Sale On Premises
2004 FOUNTAIN ST.
1 Block N. Of Aliceanna Street,
Between S. Washington and Chester Streets
Baltimore, MD 21231


THURSDAY, JUNE 11, 2009
AT 2:00 P.M.


        By virtue of a Consent Order of the District Court of Maryland for Baltimore City, Case No. 18049-08, the Defendant will sell at Public Auction to the highest bidder above $50,000, on the premises, the following:

        All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland, and described in a Deed recorded among the Land Records of Baltimore City in Liber 6407, Page 765.

        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:

The "Fells Point" historic neighborhood consists of an eclectic collection of buildings constructed during the last 250 years.  A vibrant residential and commercial community, Fells Point has numerous shops, boutiques, restaurants and bars.  The home is conveniently located at the edge of Canton, one block from the Inner Harbor and is surrounded by high end new and renovated residential homes.  The Downtown Baltimore business district is just minutes  to the west, Butcher's Hill and Upper Fells Point to the north and Canton to the east.

For more information on Fells Point, visit: LiveBaltimore.com

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

 

SITE AREA

Rectangular lot - 12'9" x 46'6", more or less

BLOCK PLAT (pdf)

All public utilities

Zoning B-3-3, commercial (last used as a residential home)

 

IMPROVEMENTS

Two and one-half story brick shell townhome.  The home is arranged to contain a  living room, dining room, kitchen, three bedrooms, full bathroom and powder room.  However, gutting has begun and the interior is in need of complete renovation.  Note: Historic tax credits may be available for the renovation.  Purchasers are encouraged to check with the appropriate agencies.

 

REAL ESTATE TAXES

$4,712 (Based on a full value assessment of $197,970)

 

TITLE

In fee simple; sold free and clear of all liens

 

INSPECTION TIME

On the day of the auction only at 1:15 p.m.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $5,000 will be required of the purchaser at time and place of sale.  The deposit is to 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, subject to any outstanding housing violation notices (if any), and 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 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 BUYERS PREMIUM!

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Greentree Mortgage Corporation

2 Park Center Court - Suite 200
Owings Mills, Maryland  21117
410-654-3900 direct
410-702-4511 fax
ckessler@loanofficer.com

or

Jeffrey Roes
Charles Schwab & Co., Inc./Charles Schwab Bank

Vice President - Financial Consultant
1853 William Penn Way #12
Lancaster, Pa 17601
Toll free: 888-218-9741
Local: 717-394-3515
Fax: 717-392-4265