Absolute Above $5,000 "Belair-Edison - Four by Four"

Porchfront Townhome
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Listing Details

Sold Price
$11,000
Auction Date
Auction Time
1:00 PM
Address
3326 Ravenwood Avenue, Baltimore, MD, 21213
County
Baltimore City
Neighborhood
Belair-Edison Area, Four By Four Neighborhood
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 ESTATE AUCTION
To The Highest Bidder Over $5,000

BELAIR - EDISON AREA
Four by Four Neighborhood

Porchfront
TOWNHOME

Sale On Premises
3326 RAVENWOOD AVENUE
Off Belair Road
BALTIMORE CITY, MD 21213

TUESDAY, NOVEMBER 25, 2014
AT 1:00 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.

LOCATION:
3326 Ravenwood Avenue is located in the Four by Four neighborhood in northeast Baltimore City. The neighborhood is often referred to as part of Belair-Edison, the larger neighborhood immediately to the north of Four by Four. Other nearby neighborhoods include Berea, Orchard Ridge and South Clifton Park. Clifton Park makes up the western boundary of Four by Four, and features a golf course, tennis courts, amphitheater and other community and recreational facilities. Nearby homes consist primarily of brick townhomes.  

For more information about Baltimore City neighborhoods, please visit:
http://livebaltimore.com/neighborhoods/#B

For more information about area schools, please visit:
http://www.baltimorecityschools.org/

SITE:
Lot size - 16' x 79', more or less.

All public utilities

IMPROVEMENT DESCRIPTION:
Two story brick inside-group covered porchfront townhome - according to public tax records the home was constructed in 1925, contains 932 square feet of living area and 448 square feet of basement space. The home features vinyl-clad replacement windows and is arranged as follows: living room, dining room, kitchen, laundry area and walk-out to rear patio, on the first floor; three rooms and full bath, on the second floor; basement. The property is in need of renovation.

TITLE:
Annual $64 ground rent (due in semi-annual installments on 6/1 & 12/1); and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,774.72 based on a full value assessment of $75,200. 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

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. No express or implied warranty is made as to the size of the parcel, and no price adjustment will be made for acreage smaller or larger than what is conveyed by the seller's right, title and interest in the property.  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 and 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 Auctioneers.  Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser.  Time is of the essence.

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