Absolute Auction Above $175,000 "Fallstaff" Desirable, All Brick Apartment Building 3 Units - Off Street Parking

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Listing Details

Sold Price
$267,750
Auction Date
Auction Time
11:20 AM
Address
3710 Clarks Lane, Baltimore, MD, 21215
County
Baltimore City
Neighborhood
Fallstaff
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Lowell G. Herman, Attorney
Gordon, Feinblatt, Rothman, Hoffberger & Hollander
233 E. Redwood Street
Baltimore, MD  21202

ABSOLUTE AUCTION
To Highest Bidder Above $175,000
                     
FALLSTAFF

Desirable, All Brick
APARTMENT BUILDING
3 UnitsOff Street Parking

Sale On Premises
3710 CLARKS LANE
Between Park Heights Ave. & Reisterstown Rd.
Baltimore, MD 21215

THURSDAY, FEBRUARY 28, 2013
AT 11:20 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 & DIRECTIONS:

Nice neighborhood located between the 6600 block of Park Heights Avenue and Reisterstown Road, just east of the Baltimore County borderline and south of Pikesville.  The property is accessible to abundant shopping and numerous restaurants along Reisterstown Road, including the Reisterstown Road Plaza which is located two blocks to the south.  Public transportation is within walking distance.  Neighborhood homes vary in architectural styles and consist of both townhomes and detached homes, many of which have undergone substantial renovations.

For directions from your location, visit: maps.google.com

 

SITE AREA

Rectangular lot  measuring 52' x 135'6", more or less


Front fenced courtyard with brick and flagstone flooring


Large rear fenced paved parking pad


Serviced by public water, public sewer and natural gas


BLOCK PLAT (pdf)

 

IMPROVEMENTS

All brick detached two story apartment building - according to public tax records, was constructed in 1963.  The building reportedly contains 3,826+ square feet of living area above grade, and 1,918 square feet, of finished basement area.  Note: The building is in need of cosmetic repairs and updating.


Features

  • Covered front entry
  • Rear storage shed
  • Front courtyard with bench seating
  • Covered second floor porch


First Floor - Apartment

  • Entry Foyer
     
  • Living Room
    Photos of auction property
     
  • Dining Room - sliding door walk-out to courtyard and built-in china cabinets
    Photos of auction property
     
  • Kitchen - refrigerator, freezer, wall oven, 4-burner gas cooktop, built-in microwave oven, dishwasher and disposal
    Photos of auction property
     
  • Master Bedroom with walk-in closet
    Photos of auction property
     
  • Master Bathroom - shower stall and marble top vanity
    Photos of auction property
     
  • 2 - Additional Bedrooms
    Photos of auction property
    BEDROOM #2    BEDROOM #3

     
  • Full Hall Bathroom - marble top vanity
    Photos of auction property
     
  • Laundry Closet - washer, dryer and laundry tub
    Photos of auction property


Second Floor - Apartment

  • Entry Foyer with guest closet
     
  • Living Room
    Photos of auction property
     
  • Dining Room - sliding door walk-out to covered balcony
    Photos of auction property
     
  • Kitchen - refrigerator/freezer, wall oven, 4-burner gas cooktop, dishwasher, disposal and pantry
    Photos of auction property
     
  • Master Bedroom with walk-in closet
    Photos of auction property
     
  • Master Bathroom - shower stall and marble top vanity
     
  • 2 - Additional Bedrooms
    Photos of auction property
    BEDROOM #2    BEDROOM #3

     
  • Full Hall Bathroom - marble top vanity
    Photos of auction property
     
  • Laundry Closet - washer, dryer and laundry tub
    Photos of auction property
     


Basement Apartment

  • Living Room
  • Kitchen - 4-burner gas range/oven, refrigerator/freezer
  • Bedroom
  • Laundry Room/Utility Room - washer and dryer
  • 2 - Storage Rooms


Mechanical

  • 3 - recently installed gas forced hot air furnaces
     
  • 3 - zoned central air conditioning (separate compressors for each unit)
     
  • 4 - electric meters
    Photos of auction property
     
  • 3 gas meters
    Photos of auction property
     
  • 3 - gas fired water heaters
    Photos of auction property

 

ZONING

R-4, 3 dwelling units

 

REAL ESTATE TAXES

2012-2013 published annual real estate taxes are $8,054 based on a full value assessment of $338,400.  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 SDAT concerning the appeals process and may see the following link for helpful information: http://www.dat.state.md.us/sdatweb/appeal.html.

 

TITLE

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

 

INSPECTION TIME

By appointment or 10:45 a.m. on the day of the auction

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $15,000 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 office of the Auctioneers.  Balance to be paid in cash at settlement, which shall take place 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 defaulting 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.  Taxes and all other public charges and assessments, payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Sellers, 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 Sellers are 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 Sellers or Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. 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.  A 5% Buyer's Premium will be added to the final bid price.


 

FINANCING

Call for pre-qualification and financing options:

Mr. Craig Kessler
Freedmont Mortgage Funding

50 Scott Adam Road
Hunt Valley, Maryland  21030
410-654-3900 direct
410-702-4511 fax
ckessler@freedmont.com


For a list of additional auction-oriented lenders, see our Financing Page.

For all other information please call 410-296-8440
OR EMAIL info@ajbillig.com