"Lauraville"

One and One-Half Story Traditional Home
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Listing Details

Sold Price
$78,000
Auction Date
Auction Time
12:30 PM
Address
4807 Gilray Drive, Baltimore, MD, 21214
County
Baltimore City
Neighborhood
Lauraville
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.

ESTATE AUCTION

LAURAVILLE

One and One-Half Story
TRADITIONAL HOME
- In Need of Renovation -

Sale On Premises
4807 GILRAY DRIVE
Corner Halcyon Avenue
Baltimore City, MD 21214

THURSDAY, DECEMBER 17, 2015
AT 12:30 P.M.

 - Suggested Opening Bid: $45,000 -

    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:
4807 Gilray Drive is located in the Lauraville neighborhood in northeast Baltimore City. Surrounding neighborhoods include Waltherson, Hamilton Hills and Beverly Hills. Morgan State University is immediately to the west. Lauraville has a great level of convenience, and an eclectic array of homes along tree-lined streets. Hamilton-Lauraville Mainstreet Association is a major driver in the area, providing area news, community association support and incubation to many new restaurants, retail stores and other neighborhood businesses.

For more information about Lauraville, please visit:
http://livebaltimore.com/neighborhoods/lauraville/
&
http://bmoremainstreet.com/

SITE:
Rectangular lot 52' x 103', more or less

Zoning R-3, residential

Shed

Front and rear yards

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

IMPROVEMENTS:
One and one-half story brick traditional home - according to public tax records, the home was constructed in 1951, contains 1,148 square feet of living area and 784 square feet of basement space. The home is believed to be arranged as follows: living room, dining room, kitchen, two bedrooms and bath, on the first floor; two bedrooms in the second floor; full basement with clubroom and utility room.

TITLE:
Annual $120 ground rent (due in semi-annual installments on 2/14 & 8/14);  and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $3,570.68 based on a full value assessment of $151,300. 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

INSPECTION:
The home may be inspected 30 minutes prior to the auction.

TERMS OF SALE:
A $5,000 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!

Sale by Order of The Estate of Ester B. Williams,
By: Rod Williams, Personal Representative