Absolute Auctions Over $2,500 - "Historic Marble Hill"

3 Adjoining Properties
To Be Offered Individually and as an Entirety
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Listing Details

Sold Price
$7,500
Auction Date
Auction Time
12:30 PM
Address
1712, 1714 & 1716 Druid Hill Avenue, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Historic Marble Hill
Inspection
The properties will be open 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, additional photos, and Terms of Sale.

Additional Photos

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ABSOLUTE AUCTIONS
To The Highest Bidder Over $2,500

HISTORIC MARBLE HILL

3 ADJOINING PROPERTIES
- To be Offered Individually and as an Entirety -

Sales on Premises
1712, 1714 & 1716
DRUID HILL AVENUE
Baltimore City, MD 21217

TUESDAY, APRIL 14, 2015
AT 12:30 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:
1712-1716 Druid Hill Avenue is located in the Upton Neighborhood within the historic Marble Hill district, also within the Old West Baltimore National Historic District. The location is extremely convenient to Penn Station, State Center, Druid Hill Park and many of the attractions of Downtown Baltimore. Public transportation is within walking distance. The auction represents an opportunity to buy up to three adjoining properties, giving multiple development options while benefitting from the economic advantages of having three properties in one location.

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

SITE:
1712 Druid Hill Avenue - 13'3" x 100'
1714 Druid Hill Avenue - 15'4" x 100'
1716 Druid Hill Avenue - 14'4" x 100'

All public utilities

IMPROVEMENTS:
All three properties are improved by a three story brick inside-group townhome in need of full renovation.

TAXES:
1712 Druid Hill Avenue - $70.80
1714 Druid Hill Avenue - $70.80
1716 Druid Hill Avenue - $70.80

TITLE:
1712 Druid Hill Avenue - In fee simple
1714 Druid Hill Avenue - $50 annual ground rent (due 2/1 & 8/1)
1716 Druid Hill Avenue - $50 annual ground rent (due 2/1 & 8/1)

INSPECTION:
30 minutes prior to the auction

MANNER OF SALE:
The properties will first be offered individually to the highest bidder over $2,500, with the highest bids reserved. The highest bids for the three properties will be totaled, and then the properties will be offered as an entirety. The properties will sell in the manner producing the greater result.

TERMS OF SALE:
A $2,500 deposit, for each property, 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, rent, fines, 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 sale and assumed thereafter by the Purchaser.  The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions, covenants of record affecting same or Baltimore City housing violation notices, if any.  Purchaser assumes the risk of loss from the date of sale forward.  The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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.  Time is of the essence.

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