"Northwest Baltimore - Garwyn Oaks"

Two Story Cottage
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Listing Details

Sold Price
$43,000
Auction Date
Auction Time
1:00 PM
Address
2702 Elsinore Avenue, Baltimore, MD, 21216
County
Baltimore City
Neighborhood
Northwest Baltimore, Garwyn Oaks
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.

Lloyd D. Lurie, Esquire
Law Offices of Lloyd D. Lurie
200 E. Lexington Street - Suite 1300
Baltimore, MD 21202

ATTORNEY AND ESTATE SALE

NORTHWEST BALTIMORE

"Garwyn Oaks"

TWO STORY COTTAGE
- In Need of Renovation -

- SUGGESTED OPENING BID:  $15,000 -

Sale On Premises
2702 ELSINORE AVENUE
Baltimore City, MD 21216

THURSDAY, JULY 30, 2015
AT 1:00 P.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:
2702 Elsinore Avenue is located in the Garwyn Oaks neighborhood in northwest Baltimore City. Surrounding neighborhoods include Windsor Hills, Forest Park and Mount Holly. The property is proximate to public transportation along Garrison Boulevard and Liberty Heights Avenue. I-695 and I-70 are approximately 15 minutes to the west, and downtown Baltimore is about 15 minutes to the east. Lake Ashburton is within walking distance.

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

SITE:
Rectangular lot 53'1" x 155'5", more or less

Zoning R-4, residential

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

IMPROVEMENTS:
Two story stucco and shingle cottage - according to public tax records, the home was constructed in 1920, contains 3,630 square feet of living area and 1,860 square feet of basement space. The home is believed to be arranged for two dwelling units each arranged for 5 rooms (2 BR). The home is in need of renovation.

TITLE:
In fee simple;  and sold free and clear of liens.

TAXES:
2015-2016 Annual Real Estate Taxes - $5,033.88 (based on a full value tax assessment of $213,300). 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 SDAT 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 $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. 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!