Absolute Auction Above $15,000 - "Harwood" Commercial Brick Townhome - Zoned O-R-2

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Listing Details

Sold Price
$47,000
Auction Date
Auction Time
11:40 AM
Address
412 E. 25th Street, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Harwood
Scroll down for Complete Details, including: property description and Terms of Sale.

★ ABSOLUTE AUCTION  ★
To The Highest Bidder Above $15,000
                    
HARWOOD

COMMERCIAL
BRICK TOWNHOME
Zoned O-R-2

Sale On Premises
412 E. 25TH STREET
Off 2500 Barclay Street
Baltimore, MD 21218

TUESDAY, AUGUST 6, 2013
AT 11:40 A.M.


NOTE:  The information contained herein has been obtained from sources deemed reliable and is believed to be accurate.  However, no express or implied warranty is made or may be inferred from any such representation.  Dimensions and square footage contained herein are more or less.

LOCATION & DIRECTIONS:

The property is located in the Harwood Neighborhood in central Baltimore City, near Charles Village, Abell and Better Waverly. Area properties are a mix of commercial and residential uses.

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

 

SITE AREA

Rectangularly shaped parcel fronting 14', with depth lines of 85', more or less


Serviced by public water, public sewer and natural gas


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Brick two story townhome last used for offices and is arranged as follows:


First Floor

  • Foyer
  • Paneled Front Office
  • Paneled Central Office with built-in bookcases
  • Eat-In Kitchen
  • Powder Room


Second Floor

  • 3 - Offices
  • Full Bathroom


Full Basement - Unimproved


Note: The building is in need of renovation.

 

ZONING

O-R-2, office/residential

 

REAL ESTATE TAXES

Published 2013-2014 annual real estate taxes are $2,563, based on a full value assessment of $107,700.  Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact SDAT concerning the appeals process and may see the following link for helpful information:
http://www.dat.state.md.us/sdatweb/appeal.html.

 

TITLE

In fee simple.  The property is being sold free and clear of all liens.

 

INSPECTION TIME

11:10 a.m. on the day of the auction only

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $2,500 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 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. 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. 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 assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Seller, the attorney for 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, except where otherwise mandated by local, State or Federal law.  Time is of the essence.


No buyer's premium.

 

FINANCING

See our Financing Page for a list of auction-oriented lenders.