ABSOLUTE AUCTION Above $20,000 "Oliver - Hopkins Bio-Tech Zone" Two Story Townhome

ABSOLUTE AUCTIONS, ET AL.
Most To The Highest Bidders - Regardless of Price!
 

4 - BALTIMORE CITY INVESTMENT PROPERTIES  Throughout The City

 
Sales On Respective Premises
MONDAY, MARCH 16, 2009

AT 1:00 P.M. - 1618 N. BROADWAY
"Oliver" - Two Story Townhome

FRONT VIEW     STREET SCENE

        ABSOLUTE (To the Highest Bidder above $20,000), "Hopkins Bio-Tech Zone", off 1600 Blk. E. Federal Street, 21213 - Two story townhome contains living room, dining room and kitchen, on the first floor; 3 bedrooms and bath, on the second floor; basement;  vinyl replacement windows; security  windows and storm door.  Lot size: 15' x 80', more or less. Annual $60 ground rent.  Great renewal area amid major redevelopment by Johns Hopkins Hospital.  The home reportedly is in fair-average condition.

        BLOCK PLAT (pdf)

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TERMS OF SALE

        A $2,500 deposit on each property payable by certified 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, ground rent (if any), 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.  All properties will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, as well as any outstanding housing violation notices, 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 BUYERS PREMIUM!