"Northeast Baltimore - Cedonia Neighborhood" Two Story Brick Townhome

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Listing Details

Sold Price
$62,000
Auction Date
Auction Time
11:35 AM
Address
5422 Cedonia Avenue, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Northeast Baltimore, Cedonia Neighborhood
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

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REAL ESTATE AUCTION

 

NORTHEAST BALTIMORE
Cedonia Neighborhood

 

Two Story Brick
TOWNHOME

 

Sale on Premises
5422 CEDONIA AVENUE
Near Radecke Avenue
Baltimore City, MD 21206

THURSDAY, MARCH 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:

The property is located in the Cedonia neighborhood in northeast Baltimore City. The neighborhood is nestled in between Frankford and the Baltimore County line. Area homes are a mix of single-family detached homes, townhomes and well-maintained garden apartments. The location is extremely convenient, with I-95 and I-895 each within about one-half mile to the east, and the Baltimore Beltway (I-695) about 2 miles to the north. 


For more information about the area, please visit:
http://livebaltimore.com/neighborhoods/cedonia/#.UxeLB-NdWro

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


SITE:

Rectangular lot: 18'7" x 114'7", more or less
Front yard
Rear concrete patio - parking potential
All public utilities


BLOCK PLAT (pdf)


IMPROVEMENTS:

Two story brick inside-group porchfront townhome - according to public tax records the home contains 1,152 square feet of living area, 576 square feet of partially finished basement space and is arranged as follows:


Exterior:
Brick exterior
Vinyl-clad replacement windows
Flat built-up roof with asphalt shingle roof fascia
Aluminum down-spouts and gutters


Interior:

First Floor:

  • Living room - hardwood floor, decorative fireplace and mantle
  • Dining room - hardwood floor
  • Galley kitchen - laminate tile, walk-out to patio


Second Floor:

  • Landing - hardwood floor
  • 3 Bedrooms - all hardwood floors
  • Full bath - laminate floor, shower/tub


Basement:

  • Clubroom - laminate tile, knotty-pine paneling
  • Plumbed for half-bath
  • Utility area/laundry area
  • Cellar access to patio


Mechanical:
Gas fired forced air heat
Central air conditioning (updated compressor)
40 gallon gas fired water heater
100 amp. electrical service


NOTE: The home requires updating and cosmetic repairs


TITLE:

Subject to an annual $96 ground rent (due semi-annually on 6/1 & 12/1), and sold free and clear of liens.


TAXES:

Published annual real estate taxes for 2013/2014 are $2,534.64, based on a full value assessment of $107,400.  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 11:05 a.m. on the day of sale.


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, 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 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.   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.


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