"West Baltimore - Coppin Heights"

Two Story Porchfront Townhome
One Block From Coppin State U.
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Listing Details

Sold Price
$11,000
Auction Date
Auction Time
11:45 AM
Address
2737 Presbury Street, Baltimore, MD, 21216
County
Baltimore City
Neighborhood
West Baltimore, Coppin Heights
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 and Terms of Sale.

REAL ESTATE AUCTION

WEST BALTIMORE

"Coppin Heights"

Two Story
PORCHFRONT TOWNHOME
- One Block From Coppin State U. -

Sale On Premises
2737 PRESBURY STREET
Baltimore City, MD 21216

TUESDAY, NOVEMBER 1, 2016
AT 11:45 A.M.

- Suggested Opening Bid: $10,000 -

   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:
2737 Presbury Street is located in the Coppin Heights - Ash Co East neighborhood in West Baltimore, one-half block from Coppin State University. Surrounding neighborhoods include Mondawmin, Easterwood, Bridgeview - Greenlawn and Walbrook. Significant development by Coppin State University has been ongoing for several years, with new buildings on the south side of North Avenue currently being completed. North Avenue provides ample access to bus service, Metro train service, Downtown Baltimore, shopping and dining. Surrounding homes are primarily brick porchfront townhomes.

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

SITE:
Rectangular lot 13'8" x 76'6"

Zoning R-6, residential

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

IMPROVEMENTS:
Two story covered porchfront townhome - the home was built in 1920, according to public tax records. The home is arranged as follows: living room, dining room, kitchen and walk-out to rear yard, on the first floor; three bedrooms and bath, on the second floor; full basement. The home has previously obtained an MDE lead certificate, and is registered with the MDE lead rental registry. Formerly rented for $1,450/mo. (Section 8). Currently vacant.

TITLE:
$150 annual ground rent (due semi-annually on 5/1 & 11/1); and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $495.60 based on a full value assessment of $21,000. 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!