"Morrell Park - Southwest Baltimore City" Home Arranged for 2 Units & Detached Apartment - Gross Monthly Rent: $2,180

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Listing Details

Sold Price
$66,000
Auction Date
Auction Time
1:15 PM
Address
2808 Carroll Street, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Morrell Park, Southwest Baltimore City
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTION
                                                             
MORRELL PARK
Southwest Baltimore City

TWO STORY HOME:
Arranged for Two Units
& Detached Apartment
Gross Monthly Rent: $2,180

Suggested Opening Bid: $45,000

 

Sale On Premises
2808 CARROLL STREET
Off 1900 Block Letitia Avenue
BALTIMORE, MD 21230

THURSDAY, FEBRUARY 20, 2014
AT 1:15 P.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, a short distance from 2808 Carroll 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: 50' x 140', comprising 7,000 square feet or 0.16 acre


Partially fenced rear yard


4+ car concrete driveway


Additional out-buildings


All public utilities


Zoning - R-4, residential


BLOCK PLAT (pdf)


IMPROVEMENTS:

Two story aluminum sided bungalow with vinyl clad replacement windows and updated HVAC is arranged for two dwelling units. The larger unit contains two bedrooms and bath, and currently rents for $880/month on a month-to-month lease. The smaller unit contains one bedroom and bath, and currently rents for $700/month. An additional detached unit in the rear of the property contains one bedroom and bath, and currently rents for $600/month. Total gross scheduled monthly rent is $2,180. There is a laundry facility on the first floor rear of the main home, and is accessible from the exterior. Landlord pays gas and electricity.


TITLE:

The property is in fee simple and sold free and clear of liens.


TAXES:

Published annual real estate taxes for 2013-2014 are $2,716.36, based on a full value assessment of $115,100.  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 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


INSPECTION:

The property will be open for inspection at 12:45 p.m. on the day of sale.


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. All adjustments, including taxes, 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 settlement 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!


FINANCING:

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