"Glenham-Belhar" Two Story Mixed-Use Building

15509_belair5854_front1.jpg

Listing Details

Sold Price
$46,000
Auction Date
Auction Time
3:00 PM
Address
5854 Belair Road, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Glenham-Belhar
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTIONS

2 - BALTIMORE CITY
MULTI-UNIT PROPERTIES

Sales On Respective Premises
THURSDAY, APRIL 11, 2013

 

80% Financing Available

AT 3:00 P.M.
Mixed-Use Building
5854 BELAIR ROAD

At Granite Avenue 21206
"Glenham-Belhar"

 
        Two story stone and brick in-line building contains former hair salon on the first floor (needs renovation) and one bedroom apartment on the second floor; full unfinished basement with walkout at grade in the rear; gas forced air heat, central air conditioning, 100 amp. and 150 amp. electrical service, gas water heater; two-car parking pad. According to public tax records the building was constructed in 1925 and contains 1,370 square feet of gross building area and 685 square feet of basement space. Zoning B-1-2, commercial. Lot size 19' x 90', more or less. In fee simple.

        Deposit $2,500

        BLOCK PLAT (pdf)

Photos of auction property
FRONT VIEW
STREET SCENE #1 
STREET SCENE #2

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


 

TERMS OF SALE

Deposits as stated above, 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 at settlement, which shall take place within 45 days.  If payment of the deposit or 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, and subject to building violation notices, if any.  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.  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 except where otherwise mandated by local, State or Federal law.  Time is of the essence.


 No buyer's premium.


FINANCING IS AVAILABLE

80% of the purchase price, 10.95% interest, 20 year amortization, no prepayment penalty.  Purchasers are under no obligation to use the financing.