★ ABSOLUTE AUCTION ★
To The Highest Bidder Above $49,000
REAL ESTATE AUCTION
Fully Renovated, Two Story
Sale on Premises
1207 WASHINGTON BOULEVARD
Near W. Ostend Street
BALTIMORE, MD 21230
WEDNESDAY, APRIL 11, 2012
AT 1:40 P.M.
NOTE: 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. All dimensions and acreage contained herein are more or less.
Washington Village or Pigtown, depending on who you ask, is an historic area located in southwest Baltimore City. The area abuts the Baltimore Ravens and Orioles Stadium Area on the east, Carroll Park on the west, and other historic neighborhoods such as Hollins Market, Barre Circle and Ridgeley’s delight on the north and northwest sides. The area is home to a number of thriving businesses, and has had a substantial amount of renovation over the last decade in the residential areas. The neighborhood is home to the B & O Railroad Museum, is very close to the University of Maryland at Baltimore and many other major area employers. The location offers great access to I-95, I-295 and Martin Luther King Jr. Blvd., offering commuter options in all directions.
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Rectangular lot fronts 12'3" on Washington Boulevard, with depths of 75' and bounded in the rear by a 10' alley.
Two story inside-group brick townhome has been fully renovated, and features vinyl replacement windows, wood and ceramic tile flooring, stainless appliances, 40 gallon gas fired water heater and gas forced air heat that is CAC ready. The home is arranged as follows:
Basement - unfinished with utility area
2011-2012 published annual real estate taxes are $3,132, based on a full value tax assessment of $131,600. Purchasers 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.
Annual $60 ground rent is unregistered, sold free and clear of all liens. Deed Liber FMC 14012, folio 132.
30 minutes prior to sale on the day of the auction, and by appointment.
Deposit payable by certified or cashier's check of $4,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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. 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 assumes risk of loss from the date of sale forward. The purchaser waives and releases the Seller, 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 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Cost of all documentary stamps, transfer taxes and other 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 BUYERS PREMIUM!
Online pre-registration is now closed. Please register with the Auctioneer at the auction site.
Broker participation is invited. See our: BROKER REGISTRATION FORM (pdf).
The completed form must be returned to the Auctioneer's office by 5:00 P.M. on Tuesday, April 10, 2012.
See our Financing Page for a list of auction-oriented lenders.