"Fells Point" 2 - Properties Two Story Townhome & Paved Lot With Garages

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Listing Details

Sold Price
$117,000
Auction Date
Auction Time
11:00 AM
Address
507 & 510 S. Durham Street, Baltimore, MD, 21231
County
Baltimore City
Neighborhood
Fells Point
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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David H. Cohen, Solicitor
Cohen & Forman, LLC
334 St. Paul Place
Baltimore, MD 21202

ATTORNEY'S AUCTION
                        
FELLS POINT

2 - PROPERTIES

Two Story Townhome
- And -
Paved Lot With Garages

Sales On Premises
507 & 510 S.
DURHAM STREET
Off 1500 Eastern Avenue
Baltimore, MD 21231

THURSDAY, MAY 10, 2012
AT 11:00 A.M.

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


      507 S. Durham Street - 18' x 58'2" m/l concrete paved lot with two garages.  Lot is fenced.  Zoning B-3-2, commercial.  In fee simple.  The property is suitable for up to six car parking and has  redevelopment potential.


      510 S. Durham Street - two and one-half story brick end-of-group townhome is vacant and needs renovation.  According to public tax records, the home was built in 1855 and contains 1,050 square feet on three levels.  Lot size 15' x 46' m/l.  Zoning B-3-2, commercial.  In fee simple.


      BlOCK PLAT (pdf)


Manner & Terms of Sale


      Each property will be offered individually and the bid reserved.  Then both properties will be offered as an entirety and sold in the manner producing the greater amount.


      TERMS OF SALE:  A $5,000 deposit on each property or $10,000 if sold as an entirety, 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, 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 shall be responsible for obtaining physical possession of the property and assumes the risk of loss from the date of sale forward.   The Purchaser waives and releases 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.  The purchaser of 510 S. Durham Street 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 except where otherwise mandated by local, State or Federal law.  Time is of the essence.


No Buyer's Premium


BIDDER PRE-REGISTRATION

Online pre-registration is now closed. Please register with the Auctioneer at the auction site.


BROKER COOPERATION:

Broker participation is invited. See our: BROKER REGISTRATION FORM (pdf). 

The completed form must be returned to the Auctioneer's office by 5:00 P.M. on Wednesday, May 9, 2012.


Nearby Properties to be Sold the Same Day:
On Eastern Avenue, S. Wolfe Street and S. Durham Street
(click for Auction Details page)