REAL ESTATE AUCTION

FRANKFORD

QUAINT BUNGALOW
Formerly Rented For: $1,300/month

Photos of auction property
FRONT VIEW      STREET SCENE

Sale On Premises
5423 TODD AVENUE
Off 5000 Block of Frankford Avenue
Right on Radecke Avenue, Left on Todd Avenue
Baltimore, Maryland 21206

TUESDAY, AUGUST 14, 2007
AT 11:00 A.M.


       THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE. HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.

GENERAL INFORMATION

LOCATION:

The property is located in the "Frankford" neighborhood on the northeast side of Baltimore City. Set just west of the Baltimore County line, the area offers the character of a suburban neighborhood with all of the access of a central locale. Proximity to I-95, I-895, Belair Road, and Route 40, makes commuting nearly anywhere in the area very painless. Well sized lots and nice backyards facilitate the family nature of the Frankford community.

For more information on living in Baltimore, visit:
http://www.livebaltimore.com/

Location Map

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http://www.mapquest.com/directions/main.adp

SITE:

Lot size is 53' front by 120' deep, more or less.

BLOCK PLAT

ZONING:

R-3, Residential.

IMPROVEMENT
DESCRIPTION:

One and one-half story frame bungalow, was renovated in 2006 for use as a rental property. The renovation includes replacement windows, new flooring and carpet, installation of central air conditioning, and new electrical fixtures. The home contains an open living room and dining room, kitchen with walk-out to rear deck and yard, two bedrooms and bath, on the first floor; two bedrooms, on the second floor; partially finished basement with knotty pine paneling, bar, laundry hook-up, gas forced air heat, 150 ampere electrical service, and a 30 gallon gas fired water heater. The property was rented for $1,300 per month. The home makes a very affordable starter home, or as an investment.

ANNUAL REAL
ESTATE TAXES:


$1,922

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

10:15 A.M. on the day of the auction.


TERMS OF SALE

       A deposit by certified check or cashier's check of $5,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will 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 sale to date of settlement. All adjustments as of date of sale. All other public charges and assessments payable on an annual basis including sanitary and/or metropolitan district charges to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in an "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein. 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Laws. Cost of all documentary stamps, transfer taxes and other costs incident to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.

No Buyer's Premium.