"Washington Village - Pigtown" Two Brick Townhomes

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Listing Details

Sold Price
$50,000
Auction Date
Auction Time
12:00 PM
Address
1129 & 1131 Washington Boulevard, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Washington Village. Pigtown
Scroll down for Complete Details, including: property description and Terms of Sale.

Sold Prior To The Auction: $50,000


                                                           
WASHINGTON VILLAGE - PIGTOWN

TWO BRICK TOWNHOMES
Adjoining ✦ Hardwood Floors ✦ Updates

- SOLD AS AN ENTIRETY ONLY -

Sale On Premises
1129 & 1131 WASHINGTON BOULEVARD
Between W. Cross and W. Ostend Streets
Baltimore, MD 21230

WEDNESDAY, AUGUST 15, 2012
AT 12:00 NOON


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:

1129 & 1131 Washington Boulevard are located in Washington Village, more commonly known as Pigtown, a neighborhood in south Baltimore. Washington Village is bounded by many renaissance neighborhoods, such as Ridgeley's Delight, Barre Circle and Hollins Market, and is very close to Otterbein and Federal Hill. Washington Village has experienced a substantial amount of renovation in the last decade as a result of its close proximity to the University of Maryland Baltimore medical and education complex, the stadiums, downtown Baltimore, I-95 and I-295.  


For more information about Washington Village, please visit:
http://www.livebaltimore.com/neighborhoods/list/washingtonvillagepigtown/

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

 

SITE AREA

Each lot fronts 11'6" on Washington Boulevard (23' total), with depths of 90'.


Zoning R9, residential


Public water, sewer, gas, electricity, telephone, cable are available


NOTE: THE PROPERTIES HAVE ONLY ONE WATER METER


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two - two story brick inside-group townhomes with storefront style facades. Each property was fully renovated with new cornices with dentil molding, hardwood floors, recessed lighting, tray ceilings, vinyl replacement windows, new plumbing, new electric forced air heat and more. Each property contains: an open living room, dining room, kitchen and half-bath, on the first floor; two master suites with en-suite bath and rear decks, on the second floor; basement. Note: the properties have sustained interior damage, and have been stripped of many fixtures and improvements. The homes require rehabilitation.

 

REAL ESTATE TAXES

Published annual real estate taxes for 2012 for 1129 Washington Boulevard were $3,801, based on a full value assessment of $117,800. Published annual real estate taxes for 2012 for 1131 Washington Boulevard were $4,680, based on a full value assessment of $133,800. The purchaser 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 properties are sold free and clear of all liens and encumbrances, each subject to a $30 annual ground rent (due semi-annually on 4/1 & 10/1).

 

INSPECTION TIME

The property will be available for inspection from 11:30 a.m. on the day of sale only.  No prior inspection is scheduled.  Check back to this page in the event alternate arrangements are made.

 

TERMS OF SALE

A $2,500 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 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.

 

FINANCING

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