Absolute Above $2,500 - "Penn North"

Two Story Brick Townhome
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Listing Details

Sold Price
$8,000
Auction Date
Auction Time
10:00 AM
Address
2544 Druid Hill Avenue, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Penn North
Inspection
The home may be inspected 30 minutes prior to the auction.
Please click the above link to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will be contacted within 24 business hours.
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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ABSOLUTE AUCTION
To The Highest Bidder Above $2,500

PENN NORTH

Two Story
BRICK TOWNHOME

Sale On Premises
2544 DRUID HILL AVENUE
Baltimore City, MD 21217

TUESDAY, JULY 12, 2016
AT 10:00 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:
2544 Druid Hill Avenue is located in the Penn North neighborhood in west Baltimore City. Penn North is located immediately south of Druid Hill Park, home to the Maryland Zoo in Baltimore and Druid Lake, along with several other recreational facilities. Downtown Baltimore is a short distance to the southeast. The Penn North Metro station is about four blocks to the south. Surrounding homes are comprised primarily of townhomes.

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

SITE:
Rectangular lot 10' x 62', more or less

Zoning R-9, residential

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

IMPROVEMENTS:
Two story brick inside-group covered porchfront townhome - according to public tax records the home was constructed in 1900, contains 690 square feet of living area and 320 square feet of basement space. Arranged for 6 rooms (3 BR), bath and basement. Needs renovation.

TITLE:
Subject to a $42 annual ground rent;  and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,070.66 based on a full value assessment of $50,600.  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.

NOTE:  This property is being resold at the risk and expense of the prior defaulting contract purchaser.

NO BUYER'S PREMIUM!