Absolute Auction Above $7,000

"East Baltimore - Broadway East" Two Story Townhome
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Listing Details

Sold Price
$5,500
Auction Date
Auction Time
11:00 AM
Address
2315 E. Preston Street, Baltimore, MD, 21213
County
Baltimore City
Neighborhood
East Baltimore, Broadway East
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 ESTATE AUCTION
To The Highest Bidder Over $7,000

EAST BALTIMORE
“Broadway East”

Two Story
BRICK TOWNHOME

Sale On Premises
2315 E. PRESTON STREET
Baltimore City, MD 21213

THURSDAY, OCTOBER 15, 2015
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:
2315 E. Preston Street is located in the Broadway East neighborhood in East Baltimore. Broadway East is a short distance north of Johns Hopkins Hospital, and adjoins the Oliver and Berea neighborhoods. Public transportation is within walking distance. Surrounding homes are predominantly two and three story townhomes.

 

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

 

 

SITE:
Rectangular lot 14' x 70', more or less

Zoning R-8, residential

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

IMPROVEMENTS:
Two story brick inside-group townhome - according to public tax records, the home was constructed in 1909. The home features vinyl clad replacement windows, hardwood floors, has previously received an MDE lead certificate and is arranged as follows: living room, dining room and kitchen with walk-out, on the first floor; 3 rooms and bath, on the second floor; full basement.

 

TITLE:
Annual $50 ground rent (unregistered);  and sold free and clear of liens.

 

TAXES:
2015-2016 Annual Real Estate Taxes - $330.40
 
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!