Absolute Above $10,000 - "McElderry Park"

Two Story Brick Townhome
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Listing Details

Sold Price
$28,000
Auction Date
Auction Time
12:45 PM
Address
2520 McElderry Street, Baltimore, MD, 21205
County
Baltimore City
Neighborhood
McElderry Park
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.

ABSOLUTE AUCTION
To The Highest Bidder Over $10,000

McELDERRY PARK

Two Story
BRICK TOWNHOME

Sale On Premises
2520 McELDERRY STREET
Baltimore City, MD 21205

THURSDAY, MAY 19, 2016
AT 12:45 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:
2520 McElderry Street is located in the McElderry Park neighborhood in east Baltimore City, and is part of the East Monument National Historic District. McElderry Park has seen increased attention over the last several years based on the significant development projects surrounding  Johns Hopkins Hospital, the East Baltimore Development, Inc. (EBDI) initiatives and continuous development in the neighborhoods to the south. Johns Hopkins Hospital, EBDI and numerous partner organizations have fostered the construction of massive hospital buildings, new apartment complexes, new retail businesses and the renovation of large amounts of existing homes. Plans for the Baltimore Food Enterprise Center and the Science and Technology Park at Johns Hopkins are also moving forward, which offer exciting entrepreneurship and employment opportunities. The Patterson Place and Patterson Park neighborhoods immediately to the south have seen large numbers of renovations of the existing historic homes. Patterson Park, a hub of recreation and community involvement in southeast Baltimore, is within walking distance.

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

For more information about EBDI, please visit:
http://www.ebdi.org/home

SITE:
Rectangular lot 13' x 70', more or less

Zoning R-8, residential

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

IMPROVEMENTS:
Two story brick inside-group covered porchfront townhome. The home features vinyl-clad replacement windows, ceramic tile floors, resurfaced wood floors, ceiling fans, updated kitchen with new appliances and contains: living room, dining room, powder room, kitchen with walk-out to rear patio, on the first floor; 3 bedrooms and full ceramic tile bath, on the second floor; unfinished basement with utility area; gas fired hot water heat; 40 gallon gas water heater.

TITLE:
Subject to a $84 annual ground rent (due in semi-annual installments on 1/17 & 7/17);  and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $763.06 based on a full value assessment of $32,333.  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://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

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 contract 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 contract 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 contract 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!