"Coldstream-Homestead-Montebello"

Two Story Porchfront Brick Townhome with Garage
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Listing Details

Sold Price
$51,000
Auction Date
Auction Time
11:00 AM
Address
1726 E. 31st Street, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Coldstream-Homestead-Montebello
Additional Documents
Baltimore City Block Plat
Scroll down for Complete Details, including: property description and Terms of Sale.

Andrew K. Wible, Solicitor
Cohn Mohr LLP
Suite 504
1055 Thomas Jefferson Street, NW
Washington, DC 20007

SUBSTITUTE TRUSTEE'S AUCTION
                                                               
Coldstream-Homestead-Montebello

Two Story, Porchfront
BRICK TOWNHOME
With Garage

 

Sale on Premises
1726 E. 31ST STREET
Off 3100 Hillen Road
Baltimore, MD 21218

WEDNESDAY, MAY 21, 2014
AT 11:00 A.M.

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


      Under and by virtue of the power of sale contained in a certain Deed of Trust from Mid-Atlantic Acquisition, LLC to the Trustee therein, dated July 3, 2008, and recorded among the Land Records of Baltimore City, in Liber 10853, Page 197, the holder of the indebtedness secured thereby having appointed the undersigned to act as Substitute Trustee, in place and stead of the aforementioned Trustee, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustee will sell at Public Auction, on the premises, the following:


      All that leasehold lot of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the above-referenced Deed of Trust; lot size 20' x 95', more or less; subject to an annual $96 ground rent, payable semi-annually on the first days of April and October in each and every year.


      The property is improved by a recently renovated TWO STORY COVERED PORCHFRONT BRICK INSIDE-GROUP TOWNHOME, believed to be recently renovated and contain a foyer, living room, dining room, kitchen, 3 bedrooms, 2 baths, basement with recreation room, gas forced air heat and central air conditioning; one-car garage.  According to public tax records, the home was constructed in 1924 and contains 1,280 square feet of living area and 640 square feet of basement space.

 


 


      TERMS OF SALE:  A $5,000 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.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore City at a location designated by the Substitute Trustee.  If payment of the 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 stated in the foreclosed Deed of Trust Note, from date of sale to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  All adjustments as of date of sale.  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 shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Substitute Trustee, the holder of the indebtedness, 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 Substitute Trustee 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 Substitute Trustees, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser.  Time shall be of the essence for the purchaser.


      Authority to cancel this sale rests solely with the Substitute Trustee and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Substitute Trustee reserves: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders' deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.


No Buyer's Premium


Andrew K. Wible, Substitute Trustee