"Abell" Commercial Victorian Home - Used as a Tea Room

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Listing Details

Sold Price
$141,000
Auction Date
Auction Time
2:00 PM
Address
414 E. 31st Street, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Abell
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Craig M. Schwartz, Solicitor
Freeman, Wolfe & Greenbaum, P.A.
409 Washington Ave., 21204


SUBSTITUTE TRUSTEE'S SALE
           
ABELL


2 Story, Commercial
VICTORIAN HOME

 

Known As

"Thir-Tea First Street Cafe & Tea Room"

 Zoned B-2-3

Sale On Premises
414 E. 31ST STREET
Corner of 3100 Brentwood Ave.
BALTO., MD 21218


FRI., MARCH 14, 2008
AT 2:00 P.M.


For directions from your location, visit: MapQuest


        Under and by virtue of the power of sale contained in a certain Deed of Trust from Denise R. Washington to Dallas Arthur, Trustee, dated August 27, 2001, and recorded among the Land Records of Baltimore City, in Liber 2233, folio 414, the holder of the indebtedness secured thereby having appointed Craig M. Schwartz to act as Substitute Trustee, in place and stead of the aforementioned Trustee, 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 Trustee will sell at Public Auction, on the premises, the following:

        All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland, and being more fully described in the above recorded Deed of Trust.

        The property is improved by a restored 2 story detached Victorian building reportedly used as a tea room containing 7 rooms and 2 baths; gas hot water heat and central air; 2 car garage.  Zoned B-2-3 with a permitted use as a "tea room" on the first and second floors.

        TERMS OF SALE:  A $15,000 deposit, payable by certified check 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.  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 Trustee.  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 purchaser.  Interest to be charged on the unpaid purchase money, at the rate stated in the foreclosed 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 and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Substitute Trustee, 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 Trustee 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 Substitute Trustee, Noteholder or Auctioneer.  Cost of all recordation and transfer taxes to be paid by the purchaser.  Time shall be of the essence for the purchaser.