ABSOLUTE AUCTION ABOVE $5,000 "Druid Heights" Three Story Brick Townhome

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Listing Details

Sold Price
$21,000
Auction Date
Auction Time
12:05 PM
Address
1802 McCulloh Street, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Druid Heights
Scroll down for Complete Details, including: property description and Terms of Sale.

 ABSOLUTE
ESTATE SALES, TRUSTEE'S SALE, ET AL.
- To the Highest Bidders As Noted Below -
                                                                                
6 BALTIMORE CITY PROPERTIES
          Investor & Home-Buyer Opportunities           

Sales on Premises
TUESDAY, OCTOBER 11, 2011
At the Following Times:

AT 12:05 P.M.
1802 McCULLOH STREET
"Druid Heights" - 21217

 
        Absolute Estate Auction Above $5,000 - Near Laurens Street - Three story brick inside-group townhome contains 3 dwelling units. Each unit is separately metered and self-contained. The units contain 4 rooms and bath (each), are on month to month leases, and are rented as follows: $400 per month, on the first floor; $400 per month, on the second floor; and $375 per month, on the third floor. Zoned R-8, 3 dwelling units. Failed MDE lead inspection (2006). Lot size: 16'6" x 82', more or less. Annual $84 ground rent. Estate of Virginia Thorne, by: James Thorne, Personal Representative.

        BLOCK PLAT (pdf)

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TERMS OF SALE

A $2,500 deposit, for each property, and $3,500 for 5509 Haddon Avenue, 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.  All properties except 1802 McCulloh Street: 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. 1802 McCulloh Street: All adjustments as of date of settlement. All properties 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 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 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 BUYERS PREMIUM!


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

 

FINANCING:

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