Absolute Above $2,500 "Edmondson Avenue - National Historic District"

Two Story Brick Townhome
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Listing Details

Sold Price
$8,000
Auction Date
Auction Time
11:35 AM
Address
2604 Lauretta Avenue, Baltimore, MD, 21223
County
Baltimore City
Neighborhood
Edmondson Avenue National Historic District
Inspection
The property will be open for inspection at 11:05 a.m. on the day of sale.
Additional Documents
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 AUCTION ★
To The Highest Bidder Above $2,500

EDMONDSON AVENUE
National Historic District

Two Story Brick
TOWNHOME

Sale on Premises
2604 LAURETTA AVENUE
Off Ashburton Street
Baltimore City, MD 21223

THURSDAY, SEPTEMBER 18, 2014
AT 11:35 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:
2604 Lauretta Avenue is located in the Rosemont - Homeowners/Tenants neighborhood, which is part of the Edmondson Avenue National Historic District in west Baltimore City. The neighborhood is situated along Edmondson Avenue and W. Franklin Street (US-40), about 2 miles west of Downtown Baltimore. Public transportation is readily available within walking distance, and the West Baltimore MARC Train Station is only 4 blocks to the east. Surrounding homes are comprised primarily of townhomes.

For more information about the area, please visit:
http://livebaltimore.com/neighborhoods/

SITE:
Rectangular lot: 14' x 74', more or less

All public utilities

IMPROVEMENTS:
Two story brick inside-group porchfront townhome with terra-cotta roof fascia - according to public tax records the home was constructed in 1928, contains 1,086 square feet of living area and 543 square feet of basement space. The home is believed to contain: living room, dining room and kitchen, on the first floor; three bedrooms and full bath, on the second floor; basement.

NOTE: The home requires renovation

TITLE:
In fee simple, and sold free and clear of liens.

TAXES:
Published annual real estate taxes for 2014/2015 are $1,980.04, based on a full value assessment of $83,900.  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

INSPECTION:
The property will be open for inspection at 11:05 a.m. on the day of sale.

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. 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, 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.

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