"Federal Hill Area - Riverside" Three Story Townhome

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Listing Details

Sold Price
$277,000
Auction Date
Auction Time
11:00 AM
Address
1304 William Street, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Federal Hill, Riverside,
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION

 

FEDERAL HILL AREA
Riverside Neighborhood

 

THREE STORY TOWNHOUSE
Suitable for Renovation - Parking Potential

 SUGGESTED OPENING BID: $100,000

Sale on Premises
1304 WILLIAM STREET
Just South of Ostend Street
Baltimore, Maryland 21230

WEDNESDAY, JULY 28, 2010
AT 11:00 A.M.


        THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE.  HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.  DIMENSIONS AND SQUARE FOOTAGE CONTAINED HEREIN ARE MORE OR LESS.

LOCATION & DIRECTIONS:

The Riverside Neighborhood is located immediately southeast of Historic Federal Hill, and is often generally referred to as Federal Hill. The area is among the most popular and highly demanded in Baltimore City as a result of the vast amount of entertainment and access the location affords. The Baltimore Stadium Complex, Inner Harbor, Fort McHenry National Park and numerous other attractions are all within walking distance. Restaurants, bars and shopping are all very proximate, with many options just steps from the front door. Access to I-95 is easy via 3 different exits, including I-395, and I-83 is less than a mile away via Light Street. Public transportation is very good, with Light Rail and MARC service at Camden Yards, bus service on both Light Street and Fort Avenue, and the new Baltimore City Circulator which is only 2 blocks away.


William Street is among the most sought after streets in the neighborhood, with many houses having wider lots and car accessible alleys in the rear. The 1300 block of William is a short block, made up of almost exclusively three story houses. The block is split evenly between Federal Hill and Riverside Parks. William Street runs northerly from Randall Street to Key Highway.

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

 

SITE AREA

The property fronts 15' along William Street, with depths of 90', and bounded in the rear by a 10' wide alley known as Sumwalt Court.


Adjacent properties, including one adjoining property, have had portions of their rear patios converted into parking pads. This property appears well suited for the same. Currently, the rear of the property is comprised by a landscaped, fenced brick patio.


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Three story brick inside-group townhome has been well maintained and features forced air heat, CAC, new rubberoid roof, some vinyl replacement windows and architectural detail. The home is arranged as follows: living room with fireplace, half-bath, very large kitchen with brick mantle and walk-out to rear patio, on the first floor; two bedrooms and full hall bath, on the second floor; two rooms on the third floor; partial, unfinished basement. The property has been used as a rental for a number of years, and, while livable, is suitable for cosmetic repairs and updating or full renovation.

 

ZONING

Residential

 

REAL ESTATE TAXES

Published 2009-2010 real estate taxes are $9,127, based on a full value assessment of $383,480. Baltimore City has been amenable to reductions in assessed value in accordance with sales price.

 

TITLE

In fee simple; sold free and clear of all liens. Deed Liber FMC 12388, folio 19.

 

INSPECTION TIME

One hour prior to sale, and by appointment. Please contact Rachel@ajbillig.com for inspection requests.

 

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, 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 (pdf)

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Freedmont Mortgage Funding

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