"Shipley Hill" Southwest Baltimore

Two Unit Townhome with $1,835 Gross Monthly Rent
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Listing Details

Sold Price
$35,000
Auction Date
Auction Time
11:00 AM
Address
300 S. Catherine Street, Baltimore, MD, 21223
County
Baltimore City
Neighborhood
Shipley Hill, Southwest Baltimore
Inspection
The home may be inspected 30 minutes prior to the auction.
Additional Documents
Baltimore City Block Plat
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

SHIPLEY HILL
Southwest Baltimore

Two Unit
TOWNHOME
$1,835 Gross Monthly Rent

- Suggested Opening Bid: $20,000 -

Sale On Premises
300 S. CATHERINE STREET
Off 2500 Frederick Avenue
Baltimore City, MD 21223

WEDNESDAY, MAY 28, 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:
The property is located in the Shipley Hill neighborhood in southwest Baltimore. The neighborhood has easy access to shopping and public transportation. The Amtrak MARC station is less than one mile north, I-95 is a short distance to the south and Downtown Baltimore is easily accessible via Route 40. The western boundary of the neighborhood is the Lower Gwynns Falls Park and Gwynns Falls Trail.

For more information about Baltimore City neighborhoods, please see:
http://www.livebaltimore.com/neighborhoods/

SITE:
Rectangular lot 12'6" x 69', more or less

Fenced rear yard

Zoning R-8, residential, 2 dwelling units

Public water, sewer, gas, electricity, telephone, cable TV

IMPROVEMENTS:
Two story end-of-group brick townhome arranged for two apartment units. The home features separate exterior entrances, vinyl-clad replacement windows, MDE lead certificates, updated ceramic tile and pergo flooring. The home is arranged as follows:

Lower Unit (First Floor & Basement) - Rented for $885/month:

  • Living room - pergo floor
  • Bedroom - pergo floor
  • Kitchen - ceramic tile floor, walk-out to rear patio
  • Full bath - ceramic tile floor
  • Laundry room - washer/dryer hook-ups

Upper Unit (Second Floor) - Rented for $950/month:

  • Bedroom - pergo floor
  • Living room - pergo floor
  • Full bath - ceramic tile floor
  • Kitchen - laminate tile floor

Basement:

  • Family room - ceramic tile floor
  • Room - ceramic tile floor, could be used as bedroom or office
  • Full bath - ceramic tile floor
  • Utility area

Note: Status and amount of rent is as provided by seller. Leases and MDE lead certificate information will be available for inspection at the property on the day of the auction.

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

TAXES:
Published real estate taxes for 2013-2014 are $354

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. 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 settlement. The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions, covenants of record affecting same or housing violation notices, 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!