Absolute Above $10,000 - "Irvington"

Southwest Baltimore Rental Townhome
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Listing Details

Sold Price
$32,000
Auction Date
Auction Time
11:40 AM
Address
122 S. Loudon Avenue, Baltimore, MD, 21229
County
Baltimore City
Neighborhood
Irvington, Southwest Baltimore
Inspection
The home may be inspected 30 minutes prior to the auction.
Additional Documents
Baltimore City Block Plat
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description and Terms of Sale.

ABSOLUTE REAL ESTATE AUCTION
To The Highest Bidder Over $10,000

IRVINGTON
Southwest Baltimore

Two Story
RENTAL TOWNHOME
3 Bedrooms ✦ Bath

Sale On Premises
122 S. LOUDON AVENUE
Off 3900 Block Massachusetts Avenue
Baltimore City, MD 21229

THURSDAY, JUNE 26, 2014
AT 11:40 A.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:
122 S. Loudon Avenue is located in the Irvington neighborhood in southwest Baltimore. Irvington has some of  the most diverse home sizes and architectural styles in Baltimore City. I-695 and I-95 are a short distance to the south. Frederick Road and Wilkens Avenue are the primary commercial districts, providing shopping and dining options.

For more information about Irvington, please see:
http://livebaltimore.com/neighborhoods/irvington/#.U4jdYnJdWro

For information about Baltimore City Schools, please see:
http://www.baltimorecityschools.org/

SITE:
Rectangular lot 13' x 80', more or less

Rear concrete patio - potential parking pad conversion

Zoning R-6, residential

Public water, sewer, gas, electricity, telephone, cable TV

IMPROVEMENTS:
Two story brick inside-group townhome features vinyl replacement windows, MDE lead certificate and contains: living room, dining room and kitchen with walk-out, on the first floor; three bedrooms and full bath, on the second floor; unfinished basement; gas forced air heat. Currently rented for $800/month, month-to-month lease, long term tenant.

TITLE:
Annual $84 ground rent (due semi-annually on 5/18 & 11/18);  and sold free and clear of liens.

TAXES:
Published real estate taxes for 2013-2014 are $1,739.32 based on a full value tax assessment of  $73,700. 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 the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: http://www.dat.state.md.us/sdatweb/appeal.html

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 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. All adjustments, including taxes, rent, ground rent, 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 settlement. The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions, covenants of record affecting same or housing violation notices, 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!