ABSOLUTE AUCTION Above $50,000 "Cedonia" Two Story Townhome

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Listing Details

Sold Price
$76,500
Auction Date
Auction Time
2:00 PM
Address
5261 Cedgate Road, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Cedonia
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Frederick A. Raab, Attorney
Mignini & Raab, LLP
606 Baltimore Avenue, Suite 100
Towson, Maryland 21204


 ABSOLUTE
ESTATE AUCTION

To The Highest Bidder Above $50,000
                  
CEDONIA

TWO STORY TOWNHOME

Sale On Premises
5261 CEDGATE ROAD
Off 5700 Sinclair Lane (Cedonia Avenue)
Baltimore City, MD 21206

WEDNESDAY, MARCH 4, 2009
AT 2:00 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.

LOCATION & DIRECTIONS:

5261 Cedgate Road is located in the "Cedonia" neighborhood of eastern Baltimore City, near the Baltimore City-County line.  The neighborhood is a mixture of tenant and owner-occupied housing, consisting of townhomes, garden apartments and detached homes.  The area is convenient to I-95, I-895, the Baltimore Beltway (I-695) and MTA bus service, providing easy access to area employment centers.

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

 

SITE AREA

Nearly rectangular elevated lot - 21'1" x 147'2", more or less
Zoning R-6, residential
All public utilities
Fenced rear yard with concrete parking pad

BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story brick and aluminum siding "Dutch Colonial-style" townhome.  According to public tax records, the home was constructed in 1962 and contains 1,152 square feet of living area and 576 square feet of basement space.  The home has a composition shingle roof with aluminum rain gutters and downspouts, full concrete block foundation and vinyl-clad double-hung replacement windows.

First Floor
Living Room - carpeting, bay window
Country Kitchen - vinyl floor, refrigerator, gas rangetop, wall oven, exit to rear yard

Second Floor
3 - Bedrooms - hardwood floors
Full Bathroom

Full Basement
Paneled Family Room - vinyl floor
Half-Bath
Laundry/Utility Room - outside exit

Mechanical
Gas forced hot air heat
Central air conditioning
100-ampere electrical service
Gas, 40-gallon water heater
Chairlift along first to second floor stairs

 

REAL ESTATE TAXES

2009 published real estate taxes - $2,325.40

 

TITLE

In fee simple.  The property is sold free and clear of liens.  Deed Liber 4229, page 176.

 

INSPECTION TIME

From 1:15 p.m. on the day of sale.

 

TERMS OF SALE

A $5,000 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.

Auction by order of:
Alois H. Lang, Personal Representative
of the Estate of Shirley M. Bellamy

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Greentree Mortgage Corporation

2 Park Center Court - Suite 200
Owings Mills, Maryland  21117
410-654-3900 direct
410-702-4511 fax
ckessler@loanofficer.com