"Harlem Park" Three Story Brick Townhome With 3 Apartment Units

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Listing Details

Sold Price
$15,000
Auction Date
Auction Time
2:05 PM
Address
509 N. Arlington Avenue, Baltimore, MD, 21223
County
Baltimore City
Neighborhood
Harlem Park
Scroll down for Complete Details, including: property description and Terms of Sale.

★ LENDER SANCTIONED ★
INVESTOR LIQUIDATION SALE
                                               
7 BALTIMORE CITY
MULTI-UNIT PROPERTIES

Sales on Premises
FRIDAY, JANUARY 27, 2012
At the Following Times:

AT 2:05 P.M.

509 N. ARLINGTON AVENUE

"Harlem Park" - 21223

 
        Three Units (Occupied) - Off 1000 W. Franklin Street - Three story brick inside-group townhome contains three units, features replacement windows, 3 gas meters, 3 electric meters and shared entry foyer. Lot size: 16' x 90', more or less. Annual $90 ground rent due April 1 and October 1. The home is arranged as follows:

  • 1st Floor Unit - Occupied by Squatters - Living room, kitchen, bedroom and bath. Gas forced air heat.
  • 2nd Floor Unit - Occupied by Squatters - Living room, kitchen, two bedrooms and bath. Gas forced air heat.
  • 3rd Floor Unit - Occupied by Squatters - Living room, kitchen, two rooms (no closets) and bath. Electric heat.

BLOCK PLAT (pdf)

Photos of auction property

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TERMS OF SALE

       A $5,000 deposit for each property, payable by certified 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 by Monday, January 30, 2012 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 shall be forfeited and the property may be resold at the risk and expense of the defaulting purchaser.  All properties EXCEPT 2218 Bryant Avenue, 1801 Division Street, 1302 McCulloh Street AND 509 N. Arlington Avenue: 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, including taxes, ground rent, all other public charges and assessments payable on an annual basis, and 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.  For 2218 Bryant Avenue, 1801 Division Street, 1302 McCulloh Street AND 509 N. Arlington Avenue: All adjustments as of the date of settlement. All properties shall 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 existing housing violation notices (if any), easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser assumes risk of loss from the date of sale forward.  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!


BIDDER PRE-REGISTRATION

Online pre-registration is now closed. Please register with the Auctioneer at the auction site.

BROKER COOPERATION:

Broker participation is invited. See our: BROKER REGISTRATION FORM (pdf). 

The completed form must be returned to the Auctioneer's office by 5:00 P.M. on Thursday, January 26, 2012.