"Overlea Area - Northeast Baltimore City"

Traditional Home with 4 Bedrooms and 2 Baths on 0.15 Acre +/-
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Listing Details

Sold Price
$77,500
Auction Date
Auction Time
11:00 AM
Address
6500 Rosemont Avenue, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Overlea Area, Northeast Baltimore City
Inspection
This property will be open for inspection 45 minutes prior to the auction only.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTION

ATTORNEY-IN-FACT SALE

OVERLEA AREA
Northeast Baltimore City

TRADITIONAL HOME
0.15 Acre +/- ✦ 4 Bedrooms ✦ 2 Baths

Sale On Premises
6500 ROSEMONT AVENUE
Off Pinewood Avenue, Near Belair Road
BALTIMORE CITY, MD 21206

TUESDAY, NOVEMBER 25, 2014
AT 11:00 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:
6500 Rosemont Avenue is located in the Rosemont East neighborhood in northeast Baltimore City. Surrounding neighborhoods include Overlea, Cedmont, Glenham-Belhar and North Harford Road. The neighborhood is just a short distance east  of the Baltimore County line, the Baltimore Beltway (I-695) and I-95. Nearby homes are comprised primarily of single family, detached dwellings of various architectural styles, ages and sizes. Shopping, dining and public transportation are along Belair Road and Northern Parkway, both within walking distance.

For more information about Rosemont East, please visit:
http://livebaltimore.com/neighborhoods/rosemont-east/#.VFfo7jTF-ro

For more information about Overlea, please visit:
http://livebaltimore.com/neighborhoods/overlea/#.VFfpIzTF-ro

For more information about area schools, please visit:
http://www.baltimorecityschools.org/

SITE:
Lot size - 50' x 135', comprising 6,750 square feet or 0.155 acre, more or less.

Landscaped front yard, and fenced, landscaped rear yard

Asphalt driveway - 2-3 cars

Shed

All public utilities

IMPROVEMENT DESCRIPTION:
Two story traditional home with covered concrete front porch - according to public tax records the home was constructed in 1915, contains 1,642 square feet of living area and 1,008 square feet of mostly finished basement space. The home features a completely new roof (2013), 3 zone heating system, hardwood floors, alarm system and has been freshly painted. The home is arranged for two apartments with separate entrances, and contains: living room, dining room, kitchen, two bedrooms and full bath, on the first floor; kitchenette, two bedrooms and full bath, on the second floor; finished basement with club room, laundry area, storage space and flush; updated oil fired boiler (baseboard radiators); 40 gallon gas fired water heater; storage attic. Electric sump pump, with City water powered back-up in case of fail. Zoned R-4, residential, single family.

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

TAXES:
Published annual real estate taxes for 2014-2015 are $2,985.34 based on a full value assessment of $132,800. 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 SDAT 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 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. No express or implied warranty is made as to the size of the parcel, and no price adjustment will be made for acreage smaller or larger than what is conveyed by the seller's right, title and interest in the property.  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 and waives and releases the Seller, 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 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.  Time is of the essence.

No Buyer's Premium!

Sale by Order of Charles Kausch,
Attorney-In-Fact for Frances M. Kausch