ABSOLUTE AUCTION ABOVE $99,000 "Dundalk Area" Waterfront Home 4 Bedroom Cottage - Renovation Needed

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Listing Details

Sold Price
$135,000
Auction Date
Auction Time
3:00 PM
Address
30 Patapsco Avenue, Baltimore, MD, 21222
County
Baltimore City
Neighborhood
Dundalk
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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ABSOLUTE ESTATE & ATTORNEY'S AUCTION
To The Highest Bidder Above $99,000
                                       
DUNDALK AREA

WATERFRONT HOME

4 Bedroom Cottage  Renovation Needed

Lot Fronts 50' On Patapsco River

Sale On Premises
30 PATAPSCO AVENUE
Off Maryland Avenue, “Sollers Point”
Baltimore County, MD 21222

TUESDAY, AUGUST 31, 2010
AT 3:00 P.M.


NOTE:  The information contained herein has been obtained from sources deemed reliable and is believed to be accurate.  However, no express or implied warranty is made or may be inferred from any such representation.  Dimensions, square footage and acreage contained herein are more or less.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION & DIRECTIONS:

30 Patapsco Avenue is located in the Sollers Point area of Dundalk, in eastern Baltimore County.  The immediate neighborhood is very quiet, consisting of several secluded blocks situated along the eastern bank of the Patapsco River, west of Broening Highway, north of the Francis Scott Key Memorial Bridge, and south of Dundalk Marine Terminal.  Neighborhood homes vary from recently updated, to new construction to water-oriented properties.


Photos of auction property
WATER VIEW    VIEW OF KEY BRIDGE    CLOSE-UP OF KEY BRIDGE   
STREET SCENE #1    STREET SCENE #2


Access to the Baltimore Beltway (I-695) from the neighborhood is excellent.  According to the BCPS web site, nearby public schools are Dundalk Elementary, Dundalk Middle and Dundalk High School.  All are within one mile of the home, as is Dundalk Community College, shopping, restaurants and service facilities.

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

 

SITE AREA

Rectangular waterfront lot - 50' x 250', comprising 0.29 acre

Lot fronts 50' on the Patapsco River

According to tide charts, water depth is believed to be more than 6'

Outstanding view of river and Key Bridge

Public water and sewer, gas, electricity, telephone

Fenced yard

 

IMPROVEMENTS

Circa 1909, two story shake shingle cottage, with composition shingle and tarpaper roof, galvanized rain gutters, wood double hung windows, covered front and rear porches.  The interior contains a living room, dining room, kitchen and utility room, on the first floor, 4 bedrooms and bath on the second; recently installed Rheem gas forced air heat and central air conditioning, 40 gallon gas water heater, circuit breakers.  The home needs updating.

 

REAL ESTATE TAXES

Published 2010 real estate taxes are $1,224.78 with the Homestead Tax Exemption.

 

TITLE

In fee simple.  The property is sold free and clear of all liens.  Deed Liber 12087, Page 268.

 

INSPECTION TIME

One hour prior to the time of sale.

 

TERMS OF SALE

A $10,000 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, 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)


Auction by order of
Debbie Zoch, Personal Representative
of the Estate of Jean A. Leitz
and
Patricia Jablecki, Attorney-in-fact for minority owners

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Freedmont Mortgage Funding

50 Scott Adam Road
Hunt Valley, Maryland  21030
410-654-3900 direct
410-702-4511 fax
craig@greatloanofficer.com