"Northwest Baltimore - Cylburn"

Two Story Brick Townhome
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Listing Details

Sold Price
$27,000
Auction Date
Auction Time
10:30 AM
Address
2838 W. Garrison Avenue, Baltimore, MD, 21215
County
Baltimore City
Neighborhood
Northwest Baltimore - Cylburn
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.

Arthur L. Drager, Attorney
Law Offices of Arthur L. Drager, LLC
One North Charles St. - Suite 1200
Baltimore, Maryland 21201

ESTATE AUCTION

NORTHWEST BALTIMORE

"Cylburn"

Two Story
BRICK TOWNHOME

Sale On Premises
2838 W. GARRISON AVENUE
Baltimore City, MD 21215

WEDNESDAY, SEPTEMBER 16, 2015
AT 10:30 A.M.

- Suggested Opening Bid: $5,000 -

    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:
2838 W. Garrison Avenue is located in the Cylburn neighborhood in northwest Baltimore City. The property sits about three blocks away from Pimlico Race Course, Sinai Hospital and the Cylburn Arboretum. The Jones Falls Expressway (I-83) is about one mile to the east via Northern Parkway. Nearby homes are comprised primarily of brick porchfront townhomes.

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

SITE:
Rectangular lot 18'4" x 127'3", more or less

Zoning R-6, residential

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

IMPROVEMENTS:
Two story brick inside-group townhome - according to public tax records, the home was constructed in 1935, contains 1,152 square feet of living area and 576 square feet of basement space. The home features vinyl-clad replacement windows, and is arranged as follows: living room, dining room and kitchen with walk-out, on the first floor; three bedrooms and bath, on the second floor; full basement; gas fired hot water heat. The home is in need of renovation.

TITLE:
Subject to an annual $90 ground rent (due in semi-annual installments on 2/1 & 8/1);  and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,552.88 based on a full value assessment of $65,800.  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

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

TERMS OF SALE:
A $3,000 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 Melvin E. Bumbray, Jr., by:
Arthur L. Drager, Personal Representative