PRE-SOLD for $110,000 - AUCTION IS CANCELED "Federal Hill' Shell Townhome

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Listing Details

Sold Price
$110,000
Auction Date
Auction Time
11:00 AM
Address
1220 Patapsco Street, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Federal Hill
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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This property has been Pre-Sold for $110,000.
The auction has been CANCELED
.


Gina D. Shaffer, Attorney
Shaffer Law Office, LLC
207 Fulford Avenue
Bel Air, Maryland 21014


TRUSTEE'S SALE
                          
FEDERAL HILL

Great Rehab. Block!

SHELL TOWNHOME

Sale On Premises
1220 PATAPSCO STREET
Between West Street & Ostend Street,
One Block East of Charles Street
Baltimore, MD 21230


TUESDAY, MAY 12, 2009
AT 11:00 A.M.


        By virtue of an order of the Circuit Court for Baltimore City passed in the matter of Shirley Bannon vs. Eleanor Kemper, et al., Case No. 24-C-08-002618OG, the undersigned Trustee will sell at Public Auction, 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 3596, Page 13.

        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:

1220 Patapsco Street is located on a beautiful block of Federal Hill, just south of Baltimore's famous Inner Harbor.  Federal Hill is a Georgetown-type community featuring boutiques, retail stores, bars, nightclubs, restaurants, renovated homes and offices.  Public transportation is within one  block along Charles Street and Light Street. The property is convenient to I-395, I-95, MD-295 and I-83, providing easy access to employment centers throughout the Baltimore-Washington region. The MARC railroad station at Camden Yards, a short walk to the west, is the primary commuter rail line between Washington and Baltimore. Oriole Park at Camden Yards and M&T Bank (Ravens) Stadium are adjacent to the rail line and also within walking distance.  Public parking is available at the West Street municipal parking garage, less than one-half block to the north or on-street spaces.

For a neighborhood description of Federal Hill, visit: LiveBaltimore.com

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

 

SITE AREA

Rectangular lot - 12' x 74'
All public utilities
Zoning R8, residential

BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story townhome contains a living room, dining room, kitchen, laundry room and flush, on the first floor; 3 rooms, on the second floor; partial basement.  The home features  updated 200 amp. electrical service, replacement windows and a recently installed gas fired water heater.  Note: The home is in poor condition and in need of total renovation.

 

REAL ESTATE TAXES

$5,712.95 (Based on a full value assessment of $240,040)

 

TITLE

In fee simple; sold free and clear of all liens

 

INSPECTION TIME

On the day of the auction only at 10:15 a.m.

 

TERMS OF SALE

A $7,500 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 at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore City at the offices of the Trustee.  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 as of date of sale.  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, 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 shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Trustee, the holder of the indebtedness, 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 Trustee 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 Trustee or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement, including a $300 document review fee by the Seller’s attorney, to be paid by the purchaser.  Time shall be of the essence for the purchaser.  No Buyers Premium!


Gina D. Shaffer, Trustee

 

FINANCING

Call for pre-qualification:
Mr. Craig Kessler
Greentree Mortgage Corporation
410-654-3900 (Office)
410-409-7600 (Cell)
ckessler@loanofficer.com