"Southwest Baltimore - Mount Winans"

Two Story Traditional Home
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Listing Details

Sold Price
$22,000
Auction Date
Auction Time
11:00 AM
Address
2524 Hollins Ferry Road, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Southwest Baltimore, Mount Winans
Inspection
The home may be inspected 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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Mitchell R. Peiser, Esquire
200 E. Lexington Street, Ste 1200
Baltimore, MD 21202

ESTATE AUCTION

SOUTHWEST BALTIMORE

"Mount Winans"

Two Story
TRADITIONAL HOME

Sale On Premises
2524 HOLLINS FERRY ROAD
Baltimore City, MD 21230

TUESDAY, NOVEMBER 1, 2016
AT 11:00 A.M.

- Suggested Opening Bid: $5,000 -

      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:
2524 Hollins Ferry Road is located in the Mount Winans neighborhood in southwest Baltimore City. Mount Winans is surrounded by the larger neighborhoods of Westport, Morrell Park and Lakeland. The Port Covington development project is about 2 miles to the east. I-295 and I-95 are nearby, and major employers around the Ports of Baltimore, Downtown Central Business District, BWI Industrial area and UMBC are also in very close proximity. Shopping, dining and services are along Hollins Ferry Road and W. Patapsco Avenue.

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

SITE:
Rectangular lot 31'4" x 116'7"

Fully fenced yard

Rear vehicle accessible alley and parking potential

Zoning R-7, residential

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

IMPROVEMENTS:
Two story traditional home - the home was built in 1920, contains 1,106 square feet of living area and 98 square feet of basement space, according to public tax records. The home features covered front and rear porches, vinyl siding, wood windows, aluminum storm windows and multiple entrances. The home is arranged for 6 rooms (3 bedrooms), bath and basement. Needs renovation.

TITLE:
In fee simple; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,973.74 based on a full value assessment of $87,800. 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 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.

NO BUYER'S PREMIUM!

Sale by Order of the Estate of Patricia D. Hammond, by:
Chavon P. Epps, Personal Representative