Absolute Estate Auction "Morrell Park - Southwest Baltimore" 2-Unit Rental Property

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Listing Details

Sold Price
$22,000
Auction Date
Auction Time
11:00 AM
Address
1801 Sexton Street, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Morrell Park, Southwest Baltimore
Scroll down for Complete Details, including: property description and Terms of Sale.

Law Offices of Arthur L. Drager, LLC
The Equitable Building - Suite 620
10 N. Calvert Street
Baltimore, MD 21202

ABSOLUTE ESTATE AUCTION
 - At The Risk And Expense Of The Defaulting Purchaser -

 

MORRELL PARK
Southwest Baltimore

 

Semi-Detached
TWO UNIT
RENTAL PROPERTY

Sale On Premises
1801 SEXTON STREET
Off 2400 Block Washington Boulevard
Baltimore City, MD 21230

MONDAY, JANUARY 27, 2014
AT 11:00 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:

The property is located in the Morrell Park neighborhood at the southwestern corner of Baltimore City. Surrounding neighborhoods include Lakeland, Westport, Violetville and Lansdowne. Morrell Park sits in a convenient pocket between I-95, I-695 and the Baltimore-Washington Parkway (295). The Stadium area, Harbor attractions and Baltimore City Central Business District are about 2.5 miles to the northeast along Washington Boulevard. Area homes are a mix of traditional single family, semi-detached and townhomes. There is a commercial shopping district along Washington Boulevard, within a half-block of 1801 Sexton Street.


For more information about Morrell Park, please see:
http://livebaltimore.com/neighborhoods/morrell-park/#.UrhPotJDus8

 

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


SITE:

Rectangular lot: 24' front by 145' deep, more or less


Partially fenced front and rear yards


Zoning: R-7, residential, two dwelling units


Public water, sewer, gas, electricity, telephone


BLOCK PLAT (pdf)


IMPROVEMENTS:

Two story covered porchfront semi-detached shingle home arranged for 2 apartment units with separate exterior entrances. The 1st floor unit contains living room, bedroom, kitchen, bath and use of the basement. The 2nd floor unit is believed to contain living room, bedroom, kitchen and bath. Both units are occupied with a total gross scheduled income of $925/month.


TITLE:

In fee simple;  and sold free and clear of all liens.


TAXES:

Published real estate taxes for 2013-2014 are $2,621.96, based on a full value assessment of $111,100. 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.


INSPECTION:

The building may be inspected 25 minutes prior to the auction.


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, ground rent, 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.


NO BUYER'S PREMIUM!


Auction by order of the Estate of Sandrath K. Karasinski, by:
Arthur L. Drager, Personal Representative


FINANCING:

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