Absolute Above $25,000 - "Eastpoint Area - Eastwood Heights"

Two Story Townhome
3 Bedrooms & Bath
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Listing Details

Sold Price
$80,000
Auction Date
Auction Time
12:00 PM
Address
7959 Bank Street, Baltimore, MD, 21224
County
Baltimore County
Neighborhood
Eastpoint Area, Eastwood Heights
Inspection
The property will by open for inspection 45 minutes prior to auction.
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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Robin M. Goldman, Attorney
Rob Goldman Legal Solutions
6800-B Holabird Avenue, Dundalk, MD 21222

★ABSOLUTE★
ATTORNEY’S AUCTION
To the Highest Bidder Above $25,000

EASTPOINT AREA

"Eastwood Heights"

TWO STORY TOWNHOME
3 Bedrooms & Bath

Sale On Premises
7959 BANK STREET
Off 54th Street, Baltimore County, MD 21224

TUESDAY, JUNE 14, 2016
AT 12:00 NOON

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:
7959 Bank Street is located in the Eastwood Heights neighborhood of eastern Baltimore County, north of Eastern Avenue and west of Northpoint Boulevard.  The neighborhood is within walking distance of shopping and public transportation.  According to the Baltimore County government web site, nearby schools are Colgate Elementary, Holabird Middle and Dundalk High.  Neighborhood housing is predominantly comprised of two story brick townhomes built in the 1950s.

SITE:
Rectangular lot, elevated above street grade, 16' x 100'
Zoning DR 10.5, residential
Public utilities
Brick patio in rear

IMPROVEMENTS:
Two story covered porchfront inside-group brick townhome, constructed in 1955 and containing 1,024 square feet of living area, according to published tax records.

Exterior
Brick facade
Vinyl-clad double-hung replacement windows
Built-up roof
Constructed on grade

First Floor

  • Living Room - vinyl floor
  • Eat-in Kitchen - vinyl floor, ceiling fan, gas range, wall oven, refrigerator/freezer, dishwasher
  • Den - vinyl floor, ceiling fan, clothes dryer
  • Utility Room

Second Floor

  • 3 Bedrooms - wood parquet floors, ceiling fans
  • Full Bathroom - vinyl floor, walk-in fiberglass shower

Mechanical

  • Gas forced air heat
  • Central air conditioning
  • Gas water heater
  • Stair chair lift

The home needs updating and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens.  Baltimore County Deed Liber 5483,  folio 329.  The property is believed to have been occupied by the original owner.

TAXES:
Published annual real estate taxes are $1,407.87, based on a full value assessment of $86,400.  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 contract 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 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.

Auction by order of
Teresa A. Evianiak, Attorney-in-fact for Mario Pecora