Absolute Above $20,000 - "Mount Holly"

Porchfront Cottage
Arranged for 3 Units
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Listing Details

Sold Price
$47,000
Auction Date
Auction Time
11:00 AM
Address
2204 Chelsea Terrace, Baltimore, MD, 21216
County
Baltimore City
Neighborhood
Mount Holly
Inspection
The property will be open for inspection 45 minutes prior to the auction, on the day of sale only.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Richard D. Rosenthal, Attorney
Tydings & Rosenberg, LLP
100 E. Pratt Street - 26th Floor
Baltimore, MD 21202

Marian L. D’Anna, Attorney
Law Office of Robert A. Rombro PA
One South Street - Suite 1205
Baltimore, MD 21202

★ABSOLUTE★
ESTATE AUCTION
To the Highest Bidder Above $20,000

MOUNT HOLLY

PORCHFRONT COTTAGE
Arranged for 3 Apartments

Sale On Premises
2204 CHELSEA TERRACE
Off 3900 Gwynns Falls Parkway
Baltimore, MD 21216

THURSDAY, MARCH 17, 2016
AT 11:00 A.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:
2204 Chelsea Terrace is located in the "Mount Holly" neighborhood of western Baltimore City, south of Gwynns Falls Parkway and north of Windsor Mill Road.  Neighborhood housing is a mixture of detached and attached housing styles.  The 2200 block of Chelsea Terrace is predominantly comprised of detached single family homes.  On-street parking is good and public transportation is one-half block from the home.

SITE:
Rectangular lot - 60' x 125'
Mostly level topography with landscaping
All public utilities are in the site

ZONING:
R5, residential.  The Baltimore City zoning office stated that the last registered use was for two dwelling units.

IMPROVEMENTS:
Two and one-half story detached home - according to public tax records, the home was built in 1915, contains 2,442 square feet of living area and 930 square feet of basement space.

Exterior
Vinyl siding, slate roof, roof covered front porch, wood double-hung windows, stone foundation, rear wooden fire escape

Interior
The home is presently arranged for three apartments.  The first floor "owners unit" contains a living room, eat-in kitchen, 3 bedrooms and bath.  Upper level units were tenant occupied and will be vacated on the day of the auction.  A new gas fired steam boiler was installed in 2015.  The basement level is unfinished and has an outside exit.

The home needs updating and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens.  Baltimore City Deeds - Liber 2996/500, Liber 4228/546.

TAXES:
Published annual real estate taxes are $4,074.14, based on a full value tax assessment of $172,633.  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

TERMS OF SALE:
A $2,500 deposit, payable by 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, 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, WHERE IS" condition, subject to easements, agreements, restrictions or covenants of record affecting same, if any, subject to existing zoning and subject to 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.

Auction by order of
Richard D. Rosenthal, Personal Representative
of the Estate of William Alfred Mills