"Coldspring Newtown"

Condominium Unit
3 Bedrooms, 2 Baths, One-Car Garage Parking
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Listing Details

Sold Price
$89,000
Auction Date
Auction Time
11:00 AM
Address
2382 Nutmeg Terrace, Baltimore, MD, 21209
County
Baltimore City
Neighborhood
Coldspring Newtown
Inspection
The property may be inspected 45 minutes before the auction or by appointment with the Auctioneers.
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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Lawrence D. Adashek, Attorney
8 Reservoir Circle, Suite 104, Baltimore, MD 21208

ESTATE AUCTION
$50,000 Suggested Opening Bid

COLDSPRING NEWTOWN

3 Bedroom ◆ 2 Bath
CONDOMINIUM UNIT
One-Car Garage Parking

Sale on Premises
2382 NUTMEG TERRACE
Baltimore, MD 21209

WEDNESDAY, SEPTEMBER 2, 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:
2382 Nutmeg Terrace is located in the "Coldspring Newtown" planned community, north of Coldspring Lane, west of the Jones Falls Expressway (I-83), east of Greenspring Avenue and south of Northern Parkway.  

As described by LiveBaltimore.com:

"Conceived in the 1970s as a "town within a town," Coldspring Newtown is one of Baltimore's most innovative planned communities. Residents enjoy manicured lawns, beautiful, mature trees and shrubs, tot lots, an Olympic size swimming pool, tennis courts, walking paths, and bird sanctuary all on pedestrian walkways. Originally proposed as a "community in a park" and occupying approximately 370 acres of rolling, wooded land in northwest Baltimore, Coldspring Newtown was planned to extend from Northern Parkway to Druid Hill Park and from Greenspring Avenue to the Jones Falls Expressway. It was planned to house 12,400 people in 3,780 units with a full range of commercial and community services, as well as parkland and water recreation, to meet most of the everyday needs of the residents. The centrally located town center was to contain a supermarket and more than a dozen other shops and stores, a teen center, a senior center, a library, a post office, and other community facilities grouped around a main plaza south of Cold Spring Lane. An additional 100,000 to 150,000 square feet of public office space was planned for a plaza north of Cold Spring Lane. The town center plazas would be connected by a pedestrian bridge. As it exists today, Coldspring Newtown and The Woodlands comprise approximately 300 homes and provides recreational facilities and access to the Waldorf School of Baltimore which enrolls students from preschool through eighth grade. The new Lower School building at The Waldorf School of Baltimore is adjacent to a vacant pad site where a proposed senior center will be built. The school also has future plans for athletic fields, a community arts center, a library, and a possible high school building. Although these future facilities are to be owned and operated by the school, The Waldorf School and the Coldspring Community (which includes The Woodlands at Coldspring) are building a relationship where the amenities of the neighborhood and the school will be shared in hopes of fulfilling the promise of a unique and rewarding community."

UNIT:
Circa 1980 contemporary townhouse condominium unit is located on three levels of a concrete building, above a one-car parking space.  According to public tax records, the unit contains 1,241 square feet of living area.

Main Level - open floor plan

  • L-shaped Living/Dining Room, vinyl flooring, walkout to a fenced courtyard
  • Galley Kitchen, vinyl flooring, desk, refrigerator, electric range/oven, dishwasher, washer and dryer

Entry Level

  • Foyer, ceramic tile floor, coat closet
  • Bedroom #3, vinyl floor, ceiling fan
  • Full ceramic tile Bathroom

Upper Level

  • Master Bedroom, vinyl floor, walk-in closet, full ceramic En-Suite Bath
  • Bedroom #2, vinyl floor
  • Linen closet

Mechanical
Electric heat pump and central air conditioning
Electric water heater
Aluminum sliding windows

Please check back for updated details and interior photographs.

CONDOMINIUM INFORMATION:
Monthly condominium fee of approximately $266.91 includes pools, exercise room, tennis courts and common area maintenance. 

Condominium Resale Package

Community Association Resale Package

TAXES:
Published annual real estate taxes for 2015 are $2,919.32, based on a full value assessment of $123,700.  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

TITLE:
The property is in fee simple and sold free and clear of liens.  Baltimore City Deed Liber 2469, Folio 223.

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, condominium fees, 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 rescission under Maryland Condominium and Homeowners Association 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.

Auction by order of:
Sadashiva Devadiga, Personal Representative
of the Estate of Jaya P. Moily