Absolute Auction Above $35,000 "Loch Raven" Semi-Detached Home

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Listing Details

Sold Price
$62,000
Auction Date
Auction Time
12:30 PM
Address
6004 Wakehurst Way, Baltimore, MD, 21239
County
Baltimore City
Neighborhood
Loch Raven
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

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ABSOLUTE AUCTION
To The Highest Bidder Above $35,000
                         
LOCH RAVEN

Brick, Two Story
SEMI-DETACHED HOME
- In Need of Renovation -

 

Sale On Premises
6004 WAKEHURST WAY
1 Block East of Loch Raven Boulevard
2 Blocks South of E. Northern Parkway
Baltimore, MD 21239

TUESDAY, APRIL 22, 2014
AT 12:30 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 contained herein are more or less. 


GENERAL INFORMATION


LOCATION:

The property is in a predominantly homeowner area in the Loch Raven neighborhood in northeast Baltimore City. Downtown Baltimore is about 15-20 minutes to the southwest and Towson is less than 10 minutes to the northeast.  Morgan State College and Mt. Pleasant Golf Course are both nearby.

For directions from your location, visit: maps.google.com


SITE:

Corner lot measuring 36' front x 75' deep, more or less


Fenced yard


Public water and public sewer


BLOCK PLAT (pdf)


IMPROVEMENT DESCRIPTION:

Two story open porchfront townhome constructed in 1952, according to public tax records,  in need of renovation.  The home is described as follows:


Exterior

Brick facade
Slate roof with aluminum gutters and rain spouts
Wood double hung windows


First Floor

  • Living Room - bay window
  • Dining Room
  • Kitchen (original)


Second Floor

  • 3 - Bedrooms
  • Full Bathroom - ceramic tile flooring and wainscot


Basement

  • Club Room
  • Powder Room
  • Laundry/Utility Room


Mechanical
Gas forced hot air heat


ANNUAL REAL ESTATE TAXES:

2013-2014 Annual Real Estate Taxes - $2,945 (based on a full value tax assessment of $124,800).  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.


TITLE:

The property is in fee simple and is being sold free and clear of all liens.


FINANCING:

See our Financing Page for a list of auction-oriented lenders.


INSPECTION:

At 11:45 a.m. on the day of the auction only.


TERMS OF SALE:

Deposit payable by certified or cashier's check of $5,000 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 office of the Auctioneers.  Balance to be paid in cash at settlement, which shall take place 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, ground rent 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. 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!