"Upton" Apartment Building 6 One-Bedrooms Units - All Self-Contained


Listing Details

Sold Price
Auction Date
Auction Time
12:30 PM
1210 Argyle Avenue, Baltimore, MD, 21217
Baltimore City
Scroll down for Complete Details, including: property description, Terms of Sale and more.

Jordan M. Spivok, Attorney
Protas, Spivok & Collins, LLC
4330 East West Highway - 20814


 6 - One Bedroom Units
(All Units are Self Contained)

Sale On The Premises
Off 600 Block of W. Lanvale St.
Baltimore, MD 21217

TUESDAY, SEPT. 14, 2010
AT 12:30 P.M.

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        Under and by virtue of the power of sale contained in a certain Purchase Money Credit Line Deed of Trust from Bibah Realty, LLC to A. David Horsman and Deborah A. Morgan, Trustees, dated September 27, 2007, and recorded among the Land Records of Baltimore City, in Liber 10019, folio 0595, the holder of the indebtedness secured thereby having appointed Jordan M. Spivok and Philip J. Collins to act as Substitute Trustees, in place and stead of the aforementioned Trustees, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustees will sell at Public Auction, the following:

        All that leasehold lot of ground, subject to an annual $52 ground rent, and the improvements thereon, situate and lying in Baltimore City, State of Maryland, and being more fully described in  the above recorded Purchase Money Credit Line Deed of Trust. 

        The property is improved by a 3 story brick apartment building with each level reportedly containing two one-bedroom units (each with a  living room, kitchen, BR, and bath). Reportedly the building has undergone some renovations and each unit is self-contained with the tenants paying their own utilities. Finishes include  hardwood floors and replacement windows.  Unimproved basement.  Lot size: 23' x 112', more or less.  Zoned R-8, 6 dwelling units.

        BLOCK PLAT (pdf)

        TERMS OF SALE:  A $5,000 deposit, payable by certified check 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 within 24 hours at the Auctioneer's Office.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. 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 foreclosed Purchase Money Credit Line Deed of Trust Note, from date of sale to date of settlement.  All adjustments as of date of sale.  Taxes, ground rent 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 the existing zoning; and subject to the rights of the existing tenants, easements, agreements, restrictions or covenants of record affecting same, if any.  All dimensions contained herein are more or less.  Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Substitute Trustees, the holder of the indebtedness, 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 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, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement, including a $300 document review fee by the Seller's attorneys, to be paid by the purchaser.  Time shall be of the essence for the purchaser.  No Buyers Premium.

Jordan M. Spivok and
Philip J. Collins, Substitute Trustees