"Waltherson"

Rental Townhome
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Listing Details

Sold Price
$20,000
Auction Date
Auction Time
12:15 PM
Address
4026 Belwood Avenue, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Waltherson
Inspection
Property will be open for inspection 30 minutes prior to auction.
Additional Documents
Baltimore City Block Plat
Lease
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
                            
WALTHERSON

Two Story Brick
RENTAL TOWNHOME

 

Sale On Premises
4026 BELWOOD AVENUE
Off 5100 Block Ardmore Way, Near Belair Road
Baltimore City, MD 21206

THURSDAY, MAY 15, 2014
AT 12:15 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 Waltherson neighborhood in northeast Baltimore City. Waltherson is situated between Harford Road and Belair Road, and is one of the largest geographic neighborhoods in northeast Baltimore. Area homes are a mix of single-family detached homes and townhomes. The Hamilton-Lauraville Main Street commercial area directly to the northwest of the property has been experiencing a renaissance over the last few years, and features well known local retailers such as Zekes, Clementine, Koko's and TooLouLou (recently featured in the Baltimore Sun). Belair Road, directly to the east of the property, also features a number of convenient dining, retail and service options.

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


For more information about the Waltherson and Hamilton-Lauraville Main Street Neighborhoods, please see:

http://livebaltimore.com/neighborhoods/waltherson/#.U1FvslVdWro

http://www.bmoremainstreet.com/


SITE:

Rectangular lot  - 18' x 90'


Zoning R-6, residential


Public water, sewer, gas, electricity, telephone


IMPROVEMENTS:

Two story brick inside-group covered porchfront townhome features vinyl replacement windows, MDE full risk-reduction certificate,  and is arranged for: living room, dining room and kitchen, on the first floor; 3 bedrooms and full bath, on the second floor; basement with laundry and utility area. Updated gas forced air heat, updated gas 40 gallon water heater and 200 amp. electric. Currently rented for $750 per month on a yearly  lease with automatic renewals. Current lease term runs through September 30, 2014.


TITLE:

In fee simple;  and sold free and clear of all liens.


TAXES:

Published real estate taxes for 2013-2014 are $2,466.20, based on a full value assessment of $105,000. 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


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, ground rent, 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!