Absolute Over $2,500 "Druid Heights - West Baltimore"

Two Story Townhome
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Listing Details

Sold Price
$19,000
Auction Date
Auction Time
11:35 AM
Address
1926 Druid Hill Avenue, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Druid Heights, West Baltimore
Inspection
The home may be inspected 30 minutes prior to the auction.
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 Over $2,500 -

DRUID HEIGHTS
West Baltimore

Two Story
TOWNHOME

Sale On Premises
1926 DRUID HILL AVENUE
Between Presstman & Robert Streets
Baltimore City, MD 21217

WEDNESDAY, AUGUST 27, 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:
1926 Druid Hill Avenue is located in the Druid Heights neighborhood in west Baltimore City, and is also within the Old West Baltimore National Historic District. Surrounding neighborhoods include Upton, Madison Park and Reservoir Hill. The location is very accessible to public transportation, and major employers are within walking distance. Nearby properties are comprised primarily of townhomes of varying sizes, with educational, religious and other community buildings in close proximity.

For more information about Baltimore City neighborhoods, please see:
http://livebaltimore.com/neighborhoods/druid-heights/#.U-DrwONdWro

SITE:
Rectangular lot 13'8" x 88', more or less

Zoning R-8, residential

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

IMPROVEMENTS:
Two story brick inside-group townhome contains 6 rooms (3 BR), bath and basement. Needs renovation.

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

TAXES:
Published real estate taxes for 2013-2014 are $1,656.72, based on a full value assessment of $70,200. 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 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. 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, 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 sale and assumed thereafter by the purchaser. 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!