"Sandtown-Winchester" 4 - Three Story Townhouse Shells

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Listing Details

Sold Price
$17,000
Auction Date
Auction Time
11:00 AM
Address
1508-1510-1512-1514 N. Fremont Avenue, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Sandtown-Winchester
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 and Forman, LLC
334 St. Paul Place
Baltimore, MD 21202

SUBSTITUTE TRUSTEES' AUCTION
                                              
SANDTOWN - WINCHESTER


4 - THREE STORY
TOWNHOUSE SHELLS

Sale On Premises
1508-1510-1512-1514
N. FREMONT AVENUE

Off 1300 Presstman Street
Baltimore, MD 21217

MONDAY, SEPTEMBER 27, 2010
AT 11:00 A.M.

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


        Under and by virtue of the power of sale contained in a certain Deed of Trust from 3501 West Mulberry Street, LLC to the Trustee therein, dated March 5, 2008, and recorded among the Land Records of Baltimore City, in Liber 10501, Page 003, the holder of the indebtedness secured thereby having appointed the undersigned to act as Substitute Trustees, 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 Trustees will sell at Public Auction, on the premises, the following:


        All those leasehold lots of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the above-referenced Deed of Trust, comprising:


 1508 N. Fremont Avenue - lot size 12'6" x 77'4", more or less; subject to an annual $64 ground rent due half-yearly on February 20 and August 20; zoning B-2-2, community business.


1510 N. Fremont Avenue - lot size 12'6" x 69', more or less; subject to an annual $54 ground rent due half-yearly on March 15 and September 15; zoning B-2-2, community business.


1512 N. Fremont Avenue - lot size 12'6" x 67', more or less; subject to an annual $84 ground rent due half-yearly on May 13 and November 13; zoning B-2-2, community business.


1514 N. Fremont Avenue - lot size 12'6" x 68'8", more or less; subject to an annual $44 ground rent due half-yearly on March 15 and September 15; zoning B-2-2, community business.


        BLOCK PLAT (pdf)


        Each is improved by a three story brick townhouse shell.  Manner of sale to be announced on premises.


        TERMS OF SALE:  A $1,000 deposit on each property or $4,000 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.  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 Trustees.  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 stated in the foreclosed Deed of Trust Note, from date of sale to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  All adjustments as of date of sale.  Taxes, ground rents 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 Trustees, 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 Trustees are 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 Trustees, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement, including a $300 document review fee by the Seller's attorney, to be paid by the purchaser.  Time shall be of the essence for the purchaser.


No Buyers Premium


David H. Cohen and W. Scott Tinney,
Substitute Trustees