$135,000 Opening Bid
THREE STORY TOWNHOME
3 Bedrooms ✦ 2 Baths
325 S. FREMONT AVENUE
Near Melvin Drive
Baltimore City, MD 21230
WEDNESDAY, AUGUST 26, 2020
FRIDAY, AUGUST 28, 2020 AT 12:00 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.
325 S. Fremont Avenue is located in the Ridgely's Delight neighborhood in Baltimore City. Ridgely's Delight is an historic neighborhood, characterized by Federal architecture and a convenient location to major employment and visitor hubs in Baltimore City. The University of Maryland, Baltimore campus is a few blocks north, and is well-known for the University of Maryland Medical Center, R. Adams Cowley Shock Trauma Center, Law School, School of Social Work and much more. Campus staff and students comprise a significant portion of neighborhood residents. Oriole Park at Camden Yards is approximately 3 blocks southeast, and the Babe Ruth Birthplace and Museum, along Emory Street, two blocks northeast. Additional attractions in the neighborhood include the Baltimore City Convention Center (4 bocks east), Royal Farms Arena (5 blocks northeast) and the Baltimore Inner Harbor (6 blocks east). The Camden MARC and Lightrail station is one-half mile southeast.
For more information, please see:
Ridgely's Delight - livebaltimore.com
University of Maryland Baltimore - www.umaryland.edu
CityView - cityview.baltimorecity.gov
Historic Preservation Guidelines & Requirements - www.ridgelysdelight.org/
Lot size - 16' x 70', according to public tax records. Actual dimensions are as stated on the plat and deed records, and believed to comprise approximately 950 square feet.
All public utilities
Three story inside-group brick townhome - constructed in 1900, containing 1,732 square feet above grade and 352 square feet of basement space, according to public tax records. The actual construction date is believed to be earlier. The home has been used in a rental capacity for the last several years, most recently rented to students for $1,850/month. The property is currently vacant.
$55 annual ground rent (due in semi-annual installments on 5/1 & 11/1); sold free and clear of all liens
Published annual real estate taxes are $4,417.92, based on a full value assessment of $187,200.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $15,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier's check to be delivered to the Auctioneer's office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Monday, August 31, 2020 at 12:00 Noon. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or 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 contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract 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. A 5% buyer's premium will be added to the final bid price.