"Federal Hill South Historic District - Riverside" Two Story Townhome with Parking Pad

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Listing Details

Sold Price
$148,000
Auction Date
Auction Time
3:00 PM
Address
403 Folsom Street, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Federal Hill South Historic District, Riverside
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 Road - Suite 108
Baltimore, MD 21211


ESTATE AUCTION
                                                                                                                               
★FEDERAL HILL★
   SOUTH HISTORIC DISTRICT  
“Riverside”


TWO STORY TOWNHOME
With Parking Pad

 Sale On Premises
403 FOLSOM STREET
Off 1200 Henry Street, Baltimore, MD 21230


MONDAY, MARCH 26, 2012
AT 3:00 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:

403 Folsom Street is located in southern Baltimore City, approximately 3 blocks north of and parallel to E. Fort Avenue.  The property is situated in the Riverside neighborhood, part of the Federal Hill South National Historic District.  Neighborhood housing is typically comprised of nineteenth century townhomes, many of which have been extensively renovated.  Shopping, public transportation, schools and nightlife are within walking distance.


Helpful links:
http://www.federalhillsouth.org
http://www.livebaltimore.com/neighborhoods/list/riverside
http://www.livebaltimore.com/neighborhoods/list/federalhill

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

 

SITE AREA

Rectangular lot 12' x 75'
All public utilities
Alley access to rear concrete parking pad
Zoning R-8, residential
BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story inside-group brick townhome - according to public records, the home was constructed in 1860 and contains 1,020 square feet of living area and 564 square feet of basement space.


Exterior
Formstone facade
Vinyl-clad double-hung replacement windows
Flat built-up roof
Fenced rear yard
One-car concrete parking pad with garage frame


Interior
Wood plank flooring
Plaster and drywall

 

First Floor

  • Living Room
  • Dining Room
  • Kitchen - vinyl floor, laminate cabinets, gas range/oven, dishwasher

Second Floor

  • Master Bedroom - carpeting over wood floor
  • Bedroom #2 - carpeting over wood floor
  • Full Bath - vinyl floor, laminate wainscot

Basement
Unfinished basement with flush, washer, dryer, 2 utility sinks

 

Mechanical
Ducane gas forced air heat and central air conditioning
Gas water heater
100 amp. electrical service


The home was previously rented for $1,250 per month.  It is in average condition but has not been renovated.

 

TITLE

The property is sold free and clear of liens.  Deed Liber 2328, page 499.  The property is subject to an annual $30 ground rent, which is not registered.

 

INSPECTION TIME

One hour prior to the auction.

 

TERMS OF SALE

 A $5,000 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 except where otherwise mandated by local, State or Federal law.  Time is of the essence.


No buyer’s premium.


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)
 

FINANCING:

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


Auction by order of:
Jeffrey E. Nusinov, Personal Representative
of the Estate of William D. Hauer