"Gwynns Falls" Unique Investment Property 2½ Story Home - 4 Apartments - Large Lot

14203_caton519_521_front2.jpg

Listing Details

Sold Price
$30,000
Auction Date
Auction Time
12:55 PM
Address
519 & 521 S. Caton Avenue, Baltimore, MD, 21229
County
Baltimore City
Neighborhood
Gwynns Falls
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTIONS

 

5 BALTIMORE CITY PROPERTIES:
Investment & Home-buying Opportunities

 

Sales on Respective Premises
TUESDAY, JULY 27, 2010
At the Following Times:

AT 12:55 P.M.
519 & 521 S. CATON AVENUE
"Gwynns Falls" - 21229

 
        Unique Investment Property, Large Lot, 4 Apartment Units - Off 3100 Strickland Street - Two and one-half story shingle sided traditional home contains 2,184 square feet above grade and 1,352 square feet of basement space, according to public tax records. Zoned: M-1-2, 4 dwelling units. Very deep lot: 40' x 439', or .40 acre, more or less. Annual $30 ground rent for each property. The home requires full rehabilitation. The properties will be sold as an entirety only. Low reserve price.

        BLOCK PLAT (pdf)

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


 

TERMS OF SALE

        Deposit of $2,500 for each property, payable by certified or cashier's check, 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 defaulting purchaser. All properties except 1617 Appleton Street: 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. 1617 Appleton Street: All adjustments as of date of settlement. All properties 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, building violation notices, 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 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 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. TIME IS OF THE ESSENCE.


NO BUYERS PREMIUM!


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)