"Charles Village Area - Harwood Neighborhood"

Porchfront Townhome
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Listing Details

Sold Price
$62,000
Auction Date
Auction Time
11:00 AM
Address
334 Ilchester Avenue, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Charles Village, Harwood Neighborhood
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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REAL ESTATE AUCTION

CHARLES VILLAGE AREA

"Harwood Neighborhood"

PORCHFRONT TOWNHOME
Partially Renovated - Needs Completion

Sale On Premises
334 ILCHESTER AVENUE
Off 2800 Guilford Avenue
Baltimore, MD 21218

WEDNESDAY, FEBRUARY 4, 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:
The property is situated in the "Harwood" neighborhood, Charles Village area, of central Baltimore City, within walking distance of Johns Hopkins University, Wyman Park and Union Memorial Hospital.  The immediate neighborhood is comprised of older, two story townhomes, many of which have been substantially renovated and improved.  Demand for area housing is strong.

SITE:
Rectangular lot - 15' x 75'
Zoning R-7, residential
All public utilities are available

IMPROVEMENTS:
Two Story Inside-Group Brick Townhome - according to published tax records, the home was built in 1920, contains 1,244 square feet of living area and 622 square feet of basement space.

Exterior
Brick construction
Built-up roof
Vinyl-clad double-hung replacement windows
Second floor front bow window
Covered front porch
Real wood deck

Interior
The home has been partially renovated with new drywall, painting and ceiling fans throughout.  At present, there is no furnace or air conditioning system - ducts appear to be in the home.  Kitchen cabinets and appliances, a water heater, bathroom toilet and sink are needed.  Interior floors are wood and need refinishing.

First floor - living room, dining room and kitchen

Second floor - 3 bedrooms and bath

Basement - unfinished, outside exit, electrical panel with 100 amp. circuit breakers

TITLE:
The property is sold free and clear of liens, subject to a $90 ground rent.

TAXES:
Published annual real estate taxes are $2,638.48, based on the full value tax assessment of $111,800.  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 $5,000 deposit, payable by 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, WHERE IS" condition, subject to easements, agreements, restrictions or covenants of record affecting same, if any, as well as any housing violation notices.  Seller makes no express or implied warranty as to the habitability of the property or fitness for any particular purpose.  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.