Absolute Over $15,000 "Coldstream-Homestead-Montebello - Northeast Baltimore"

Two Story Brick Rental Townhome
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Listing Details

Sold Price
$38,000
Auction Date
Auction Time
11:05 AM
Address
1808 E. 31st Street, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Coldstream-Homestead-Montebello, Northeast Baltimore
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 AUCTION
To The Highest Bidder Over $15,000

COLDSTREAM - HOMESTEAD
MONTEBELLO
Northeast Baltimore

Two Story Brick
RENTAL TOWNHOME
- $1,040 Per Month Rent -

Sale On Premises
1808 E. 31ST STREET
Off The Alameda
BALTIMORE CITY, MD 21218

TUESDAY, JANUARY 13, 2015
AT 11:05 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:
1808 E. 31st Street is located in the Coldstream-Homestead-Montebello neighborhood in northeast Baltimore City. The neighborhood is bounded by Lake Montebello, Clifton Park, and the Better Waverly and Ednor Gardens communities. Clifton Park features a golf course, walking paths, ballfields, amphitheater and community gardens. Lake Montebello is among the best known landmarks in Baltimore City, and is only 3 blocks from the property. Public transportation is nearby, along both The Alameda and E. 33rd Street. City College is immediately to the west, and Morgan State University is about one mile to the north.   

For more information about Coldstream-Homestead-Montebello, please visit:
http://livebaltimore.com/neighborhoods/coldstream-homestead-montebello/

For more information about area schools, please visit:
http://www.baltimorecityschools.org/

SITE:
Lot size - 19'11" x 95', more or less.

Parking potential

All public utilities

IMPROVEMENT DESCRIPTION:
Two story brick inside-group covered porchfront townhome - according to public tax records the home was constructed in 1922, contains 1,280 square feet of living area and 640 square feet of basement space. The home features vinyl-clad replacement windows and is arranged as follows: living room, dining room, kitchen and walk-out to rear yard, on the first floor; three bedrooms and bath, on the second floor; full basement. Currently rented for $1,040/month, month to month lease, MDE lead certificate.

TITLE:
Annual $120 ground rent (due in semi-annual installments on 6/27 & 12/27), and sold free and clear of liens.

TAXES:
Published annual real estate taxes for 2014-2015 are $1,656.72 based on a full value assessment of $70,200.

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, 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.  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 and 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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