Absolute Above $5,000 - "Penn North"

Two Story Townhome
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Listing Details

Sold Price
$10,000
Auction Date
Auction Time
11:00 AM
Address
2318 McCulloh Street, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Penn North
Inspection
The property will be open 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, additional photos, and Terms of Sale.

Additional Photos

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Mark T. Willen, Attorney
Summerfield, Willen, Silverberg & Limsky, P.A.
1829 Reisterstown Road, Suite 410, Baltimore, MD 21208

★ABSOLUTE★
ESTATE AUCTION
To the Highest Bidder Above $5,000

PENN NORTH

TWO STORY TOWNHOME

Sale On Premises
2318 McCULLOH STREET
Baltimore, MD 21217

TUESDAY, JUNE 21, 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:
2318 McCulloh Street is located in the Penn North neighborhood of central Baltimore City, north of the 1200 block of W. North Avenue.  The surrounding neighborhood is a mixture of brick townhomes and small commercial uses.  

SITE:
Rectangular lot - 14' x 80'
Public utilities

IMPROVEMENTS:
Two story inside-group formstone front brick townhome, constructed in 1910, containing 1,444 square feet of living area and 702 square feet of basement space, according to published tax records.  The home has a bow front facade, built-up roof, replacement windows and believed to contain a living room, dining room, kitchen, 3 bedrooms and bath.

TITLE:
The property is sold free and clear of liens, subject to an annual $66 ground rent (unregistered, payable April 1 and October 1).  Baltimore City Deed Liber 3583, page 50.

TAXES:
Published annual real estate taxes are $2,127.98, based on a full value assessment of $94,500.
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, 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.

Auction by order of:
Mark T. Willen, Personal Representative of the Estate of Norman Mullins