"Northwest Baltimore"

Two Story Semi-Detached Rental Property
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Listing Details

Sold Price
$20,000
Auction Date
Auction Time
1:35 PM
Address
3505 Oakmont Avenue, Baltimore, MD, 21215
County
Baltimore City
Neighborhood
Northwest Baltimore
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.

REAL ESTATE AUCTION

NORTHWEST BALTIMORE

Two Story Semi-Detached
RENTAL PROPERTY
- $1,181/Month - Section 8 -

Sale On Premises
3505 OAKMONT AVENUE
Off Edgemere Avenue
Baltimore City, MD 21215

FRIDAY, MAY 29, 2015
AT 1:35 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:
3505 Oakmont Avenue is located in the Central Park Heights neighborhood in Northwest Baltimore. Surrounding neighborhoods include Arlington, Langston Hughes and Cylburn. Pimlico Race Course is about one-half mile to the north. Shopping and public transportation are along W. Belvedere Avenue and Park Heights Avenue. Nearby homes are a mix of semi-detached and townhomes.

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

SITE:
Rectangular lot 27' x 122'6", more or less

Zoning R-6, residential

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

IMPROVEMENTS:
Two story brick semi-detached covered porchfront home arranged as follows: living room, dining room, kitchen with walk-out, on the first floor; three bedrooms and bath, on the second floor; full basement. MDE lead certificate. The property is currently rented for $1,181/month on a section 8 lease.

TITLE:
$96 annual ground rent (due semi-annually on 4/2 & 10/2);  and sold free and clear of liens.

TAXES:
2014-2015 Annual Real Estate Taxes - $354 (based on a full value tax assessment of $15,000).

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 by 12:00 Noon, Monday, June 1, 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, rent, 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, covenants of record affecting same or housing violation notices, 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!