"Forest Park - Hanlon Park Condominium"

Commercial Condominium Unit and Office Furniture & Equipment
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Listing Details

Sold Price
$23,000
Auction Date
Auction Time
12:15 PM
Address
3305 Denison Street, Baltimore, MD, 21216
County
Baltimore City
Neighborhood
Forest Park, Hanlon Park Condominium
Inspection
The property 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, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION

FOREST PARK
Hanlon Park Condominium

COMMERCIAL
CONDOMINIUM UNIT

& Office Furniture and Equipment

Sale On Premises
3305 DENISON STREET
A/K/A Unit C-1, Phase 1,
Hanlon Park Condominium
Corner Liberty Heights Avenue
Baltimore City, MD 21216

WEDNESDAY, AUGUST 27, 2014
AT 12:15 P.M.

- Suggested Opening Bid: $15,000 -

    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:
3305 Denison Street is located in the Hanlon Park Condominium in the Forest Park Neighborhood in northwest Baltimore City. The Hanlon Park Condominium is a mixed-use project located across from Lake Ashburton, and is very close to both Baltimore City Community College and Mondawmin Mall. The unit sits a short distance off Liberty Heights Avenue, making the location convenient for multiple types of businesses, including those serving in-building residents. Public transportation along Liberty Heights Avenue provides extra convenience for prospective customers and staff.

For more information about the location, please see:
http://hanlonparkcondos.wordpress.com/
and
http://livebaltimore.com/neighborhoods/forest-park/#.U9_ggeNdWro

IMPROVEMENTS:
Commercial Condominium Unit - according to public tax records, the unit contains 1,131 square feet. Features include vinyl-clad replacement windows, exterior entry at grade and well laid-out interior. The unit is arranged as follows: large open office and reception area, three private offices, conference room and powder room.

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

TAXES:
Published real estate taxes for 2014-2015 are $1,180 based on a full value tax assessment of  $50,000. 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

CONDOMINIUM FEES:
Condominium fees are $190/month plus a special assessment of $155/month.  The resale package information is coming soon.

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, Hanlon Park Condominium declaration and by-laws, covenants of record affecting same or housing violation notices, if any.  Purchaser agrees to waive any right of rescission under Maryland Condominium Law, if applicable. 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!

OFFICE FURNITURE & EQUIPMENT
Office furniture and equipment are available - to be sold as an entirety. Cash and immediate removal required.