"Highlandtown Area - Ellwood Park - Monument"

Two Story Porchfront Rental Townhome
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Listing Details

Sold Price
$44,000
Auction Date
Auction Time
11:00 AM
Address
508 N. Highland Avenue, Baltimore, MD, 21205
County
Baltimore City
Neighborhood
Highlandtown, Ellwood Park - Monument
Inspection
The home will be open 30 minutes prior to sale on the day of the auction 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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REAL ESTATE AUCTION

HIGHLANDTOWN AREA

"Ellwood Park - Monument"

Two Story Porchfront
TOWNHOME

Sale On Premises
508 N. HIGHLAND AVENUE
Baltimore, MD 21205

THURSDAY, OCTOBER 27, 2016
AT 11:00 A.M.

- Suggested Opening Bid: $7,500 -

    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: 
508 N. Highland Avenue is located in the Ellwood Park - Monument neighborhood in southeast Baltimore. Surrounding neighborhoods include Patterson Park, Baltimore Highlands and McElderry Park. The home is roughly one mile from both the Johns Hopkins Hospital main campus, as well as Johns Hopkins Bayview. Patterson Park, Ellwood Park and Bocek Park are all within walking distance. Surrounding homes are comprised primarily of brick townhomes.

For more information about the area, please see:
http://livebaltimore.com/neighborhoods/

SITE:
Rectangular lot: 15'7" x 100'

Rear garage

All public utilities

IMPROVEMENT DESCRIPTION:
Two story brick inside-group covered porchfront townhome - according to public tax records, the home was constructed in 1924, contains 976 square feet of living area and 448 square feet of basement space. The home features vinyl replacement windows, gas forced air heat and is arranged as follows: living room, dining room and kitchen with walkout, on the first floor; 2 bedrooms and bath, on the second floor; full basement with laundry and utility area.

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $1,503.32, based on a full value assessment of $63,700. 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

TITLE:
The property is in fee simple; and is being sold free and clear of all liens.

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, 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.  The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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.  Time is of the essence.

No Buyer's Premium!