Absolute Above $5,000 "Cherry Hill"

Two Story Townhome
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Listing Details

Sold Price
$6,500
Auction Date
Auction Time
10:00 AM
Address
2842 Bookert Drive, Baltimore, MD, 21225
County
Baltimore City
Neighborhood
Cherry Hill
Inspection
The property will be open for inspection one half hour prior to the sale, on the day of 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.

Louis J. Weinkam, Jr., Attorney
Karen Allen Nicolaus, Attorney
1002 Frederick Road, Catonsville, MD 21228

ABSOLUTE
ESTATE AUCTION
To the Highest Bidder Above $5,000

CHERRY HILL

TWO STORY TOWNHOME
Currently Rented

Sale On Premises
2842 BOOKERT DRIVE
Baltimore, MD 21225

TUESDAY, DECEMBER 1, 2015
AT 10:00 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:
Cherry Hill is located in south Baltimore, along the Patapsco River, between Federal Hill and Brooklyn.  Neighborhood housing is a mixture of two story townhomes and garden apartments.  Townhomes are both owner and tenant occupied.  The area has a neighborhood shopping district and good public transportation.  Its proximity to I-95, I-895 and MD-2, provides good access to area employment centers.

SITE:
14'1" X 108'10"
Zoning R-6, residential
All public utilities

IMPROVEMENTS:
Two story brick inside-group townhome, constructed in approximately 1945.  The home has a built-up roof, vinyl double-hung replacement windows, and a partial basement with outside exit.  First floor contains a carpeted living room and kitchen with vinyl floor, electric range/oven, refrigerator and ceiling fan.  Second floor has two bedrooms and bath.  The home has gas forced air heat, circuit breakers and a gas water heater.

The property is tenant occupied at $375/month rent, on a month-to-month basis.  Tenant pays for utilities, including water.

TITLE:
The property is sold free and clear of liens, subject to an annual $84 ground rent.  Baltimore City Deed Liber 4949, folio 91.

TAXES:
Published annual real estate taxes for 2016 are $1,940.08, based on a full value assessment of $82,600.  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 cashier's check, will be required of the purchaser at time and place of sale.  If necessitated by price, 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, rents, 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 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, as well as 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

Auction by order of:
Corinna Leeper, Personal Representative
of the Estate of Charles H. Jones, Sr.