"Canton" End-Of-Group Townhome

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Listing Details

Sold Price
$190,000
Auction Date
Auction Time
2:00 PM
Address
3224 Fait Avenue, Baltimore, MD, 21224
County
Baltimore City
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Shawn R. Harby, Attorney
309 S. Conkling Street
Baltimore, MD 21224

ESTATE AUCTION
Suggested Opening Bid $125,000
                
CANTON
- Rehab. Opportunity -

Very Large
END-OF-GROUP
TOWNHOME
(Needs Renovation)

Sale On Premises
3224 FAIT AVENUE
Corner 800 S. Bouldin Street
Baltimore, MD 21224

THURSDAY, JANUARY 26, 2012
AT 2:00 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, 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:

3224 Fait Avenue is located in the Canton area of east Baltimore.  Housing in the surrounding neighborhood primarily consists of renovated and new brick townhomes and loft apartment buildings.  Shopping, entertainment and recreations facilities are within walking distance.  Canton is generally considered one of Baltimore's premier city neighborhoods.  For additional information, please click on the following link:
http://www.livebaltimore.com/neighborhoods/list/canton

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

 

SITE AREA

Corner lot - 16' x 75'

Zoning R8, residential

House comprises the entire lot

All public utilities

BLOCK PLAT (pdf)

 

IMPROVEMENTS

Three story brick townhome - according to public tax records, the home was constructed in 1913, contains 2,704 square feet of living area above grade plus 1,200 square feet of unfinished basement space.


Exterior

Brick, formstone and stucco exterior walls

Build up roofing

Wooden double hung windows with storm sashes


Interior

Plaster walls, wood floors, original woodwork

First floor - 4 rooms and bath

Second floor - 3 rooms, kitchen and bath

Third floor - 2 rooms

Basement with outside exit

Gas hot water radiator heat

Security alarm


The home is in deteriorated condition and needs rehabilitation.

 

REAL ESTATE TAXES

Published 2011 real estate taxes are $6,033, based on a full value assessment of $253,500.  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 in fee simple and will be sold free and clear of liens.  Deed Liber 5539, page 135.

 

INSPECTION TIME

One hour prior to the time of sale.

 

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 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, 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.


Auction by order of:
Shawn R. Harby, Personal Representative
of the Estate of Frank J. Boracki, III


BIDDER PRE-REGISTRATION

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


BROKER COOPERATION:

Broker participation is invited. See our: BROKER REGISTRATION FORM (pdf). 

The completed form must be returned to the Auctioneer's office by 5:00 P.M. on Wednesday, January 25, 2012.

 

FINANCING

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