"Oakenshaw" Three Story Covered Porchfront Apartment Property Containing 6 Units

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Listing Details

Sold Price
$227,000
Auction Date
Auction Time
11:00 AM
Address
331 E. University Parkway, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Oakenshaw
Scroll down for Complete Details, including: property description and Terms of Sale.

 Ronald B. Katz, Solicitor
11403 Cronridge Drive - Suite 230
Owings Mills, Md. 21117

SUBSTITUTE TRUSTEES' SALE
                           
OAKENSHAW

3 STORY COVERED PORCHFRONT
APARTMENT PROPERTY

CONTAINING 6 UNITS

Sale On Premises
331 E. UNIVERSITY PARKWAY
Corner of Abell Avenue
Baltimore, Maryland 21218

THURSDAY, JUNE 9, 2011
AT 11:00 A.M.

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


      Under and by virtue of the power of sale contained in a certain Deed of Trust from Ellwood L. Fletcher and Nancy L. Fletcher to Trustees, dated March 2, 1998 and recorded among the Land Records of Baltimore City, Md., in Liber 7143, Folio 213,  the holder of the indebtedness secured thereby having appointed Ronald B. Katz and Eric A Hartlaub as Substitute Trustees, default having occurred thereunder, the undersigned Substitute Trustee, will sell at Public Auction the following:


      All that fee simple parcel of ground situate and lying in Baltimore City, and being more fully described in the aforementioned Deed of Trust.


      Ideally located in close proximity to Union Memorial Hospital and Johns Hopkins University, the property is improved by a 3 story covered porchfront townhome comprising 4,665 square feet with a basement area of 1,752 square feet. (A portion of the basement is finished comprising 600 square feet). Property is zoned R-7 for 6 units. Gas hot air heat.  Lot comprises 0.082 acre and fronts on E. University Parkway and Abell Avenue.


      BLOCK PLAT (pdf)


      The information pertaining to the improvements has been obtained from sources deemed reliable, but no warranty is made as to the accuracy of this information.


      TERMS OF SALE:  A deposit by certified check or cashier's check of $10,000 will be required of the purchaser at time and place of sale. Deposit to be increased to 10% of the purchase price within 24 hours at the offices of the Auctioneer. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore City  at the offices of the Substitute Trustees.  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 purchaser.  Interest to be charged on the unpaid purchase money, at the rate stated in the Deed of Trust Note  from date of sale to date of settlement.  All adjustments as of date of sale.  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 shall be responsible for obtaining physical possession of the property.  If the Substitute Trustees 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 Substitute Trustees, Noteholder or Auctioneer.  Cost of all documentary stamps, transfer taxes, and all other costs incident to settlement to be paid by the purchaser.  Time shall be of the essence for the purchaser.  Risk of loss on the purchaser from date of sale.


                                                                    Ronald B. Katz, 
                                                                    Eric A. Hartlaub, Substitute Trustees


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