Absolute Auction Above $2,500

"Brooklyn" Townhome Arranged for 2 Units
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Listing Details

Sold Price
$4,500
Auction Date
Auction Time
1:50 PM
Address
810 Stoll Street, Baltimore, MD, 21225
County
Baltimore City
Neighborhood
Brooklyn
Inspection
The home may be inspected 30 minutes prior to the auction.
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.

ABSOLUTE REAL ESTATE AUCTION
To The Highest Bidder Over $2,500

BROOKLYN

Two Story
BRICK TOWNHOME
- Zoned for Two Units -

Sale On Premises
810 STOLL STREET
Baltimore City, MD 21225

THURSDAY, OCTOBER 15, 2015
AT 1:50 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:
810 Stoll Street is located in the Brooklyn neighborhood in south Baltimore City. Brooklyn is located along the I-895 corridor, east of Ritchie Highway and north of I-695. In addition to proximity to major highways and access roads, the location is also convenient to major employers at the nearby ports and industrial areas. Public transportation and shopping are within walking distance. Surrounding homes are a mix of townhomes and multi-unit buildings.  

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

SITE:
Rectangular lot 18' x 92'6", more or less

Zoning R-6, residential, two dwelling units

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

IMPROVEMENTS:
Two story inside-group brick townhome - according to public tax records, the home was constructed in 1942, contains 1,104 square feet of living area and 552 square feet of basement space. The home features vinyl clad replacement windows and is arranged for two dwelling units. Each unit contains three rooms and bath. Unfinished basement. Units are believed to be self contained. The building needs updating and cosmetic repairs.

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

TAXES:
Published annual real estate taxes are $1,362.50 based on a full value assessment of $57,733.  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 home may be inspected 30 minutes prior to the auction.

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, 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 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.

NO BUYER'S PREMIUM!