Downtown Baltimore "Midtown-Belvedere" Studio Apartment Condominium Unit

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Listing Details

Sold Price
$79,040
Auction Date
Auction Time
10:00 AM
Address
1018 N. Charles Street - Unit R-7, Baltimore, MD, 21201
County
Baltimore City
Neighborhood
Downtown Baltimore, Midtown, Belvedere
Inspection
The property is available to inspect - see the above link for "Request Access To Property." The property will also be open from 9:30 a.m. on the day of sale.
Please click the above link to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive inspection instructions via email.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION
$65,000 Suggested Opening Bid
                                                       

DOWNTOWN BALTIMORE
"Midtown - Belvedere"

STUDIO APARTMENT
CONDOMINIUM UNIT

Sale On Premises
1018 N. CHARLES STREET
UNIT R-7
Baltimore, MD 21201

TUESDAY, AUGUST 19, 2014
AT 10:00 A.M.

    The property is located in the Ten-14 North Charles Condominium between Eager and Chase Streets, within walking distance of University of Baltimore, MICA, the Meyerhoff Symphony Hall, shops, offices and employment centers.  According to public tax records, the unit contains 558 square feet of living area.  The apartment is located on the third floor rear and comprises open concept floor plan with a galley kitchen, laundry closet, living room, sleeping area and bath, cork and refinished hardwood floors, gas forced air heat, central air conditioning and fireplace; storage locker.  The building structure is a series of three and four-story brick interconnected townhomes, converted to condominium units in 2007.

    Monthly condominium fee of approximately $339 includes water, sewer, Internet, master insurance policy and trash removal.  Please see above for Condominium Resale Package.

    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.

    Taxes - Published annual real estate taxes (2013-2014) are $2,596, based on a full value assessment of $110,000.  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 $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.  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 8% per annum, from date of sale to date of settlement.  All adjustments, including taxes, condominium or homeowners association fees, if any, 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 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.   Purchaser agrees to waive any right of rescission under Maryland Homeowners Association and/or Condominium Law, if applicable.  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.  A 4% buyer's premium will be added to the final bid price.