Absolute Auction Above $10,000 "Harwood" Two Story Townhome Zoned O-R-2, Office Residential

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Listing Details

Sold Price
$33,000
Auction Date
Auction Time
12:00 PM
Address
418 E. 25th Street, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Harwood
Scroll down for Complete Details, including: property description and Terms of Sale.

ABSOLUTE REAL ESTATE AUCTION
To The Highest Bidder Above $10,000

                    
HARWOOD


TWO STORY TOWNHOME
- Zoned O-R-2 -

Sale on Premises
418 E. 25th STREET
Near Barclay Street
Baltimore City, Maryland 21218

WEDNESDAY, DECEMBER 14, 2011
AT 12:00 NOON


      THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE.  HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.  DIMENSIONS AND SQUARE FOOTAGE CONTAINED HERE 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


For more information, please visit: http://www.livebaltimore.com/neighborhoods/list/Harwood/

 

SITE AREA

14' x 85', more or less


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story brick commercial townhome contains: a living room, dining room, eat-in kitchen and powder room, on the 1st floor; 3 bedrooms and bath, on the 2nd floor; basement. Gas hot water heat. Recently installed gas fired water heater.

 

ZONING

O-R-2, Office Residential

 

REAL ESTATE TAXES

Published real estate taxes for the 2011 tax year were $2,278, based on a full value assessment of $95,700. 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; sold free and clear of all liens

 

INSPECTION TIME

Day of the auction, 30 minutes prior to sale.

 

TERMS OF SALE

A $2,500 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.  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 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.  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.  The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser assumes the risk of loss from the date of sale forward.  The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law.   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 Auctioneers.  Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser.  Time is of the essence.


NO BUYER'S PREMIUM


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)


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