ABSOLUTE ESTATE AUCTION TO THE HIGHEST BIDDER "Canton" Two Story Brick Townhome & Remaining Furniture

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Listing Details

Sold Price
$126,000
Auction Date
Auction Time
2:00 PM
Address
715 S. Lakewood Avenue, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
Canton
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Shawn R. Harby, Attorney
309 S. Conkling Street
Baltimore, MD 21224

 ABSOLUTE
ESTATE AUCTION

To the Highest Bidder - Regardless of Price
                
CANTON


TWO STORY
BRICK TOWNHOME

- Renovation Opportunity -

& REMAINING FURNITURE

Sale On Premises
715 S. LAKEWOOD AVENUE
Off 2700 Fait Avenue, Baltimore, MD 21224

WEDNESDAY, JUNE 9, 2010
AT 2:00 P.M.


REAL ESTATE


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:

715 S. Lakewood Avenue is located in the Canton neighborhood of southeast Baltimore, 3 blocks south of Patterson Park and 3 blocks north of Baltimore Harbor.  The surrounding neighborhood is vibrant and well established.  The auction presents an outstanding opportunity to purchase a family-owned property needing rehabilitation, in an upscale location.

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

 

SITE AREA

Rectangular lot 12'11" x 70'

Zoning R8, residential

All public utilities are in the site

BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story inside-group brick townhome


Exterior

Vinyl-clad double-hung replacement windows

Built-up roof

White marble steps


First Floor

Vestibule

Living Room/Dining Room combination - carpeting over wood floor

Kitchen - linoleum floor


Second Floor

3 Rooms - wood floors

Full Bath - ceramic wainscot, vinyl floor, 2 skylights


Full Basement

Outside exit

Unfinished

Laundry area

Toilet


Mechanical

100-ampere electrical service

Gas, hot water heat

Gas, water heater

 

REAL ESTATE TAXES

Published annual real property taxes are $4,223, based on a full value assessment of $177,966.

 

TITLE

In fee simple.  The property is sold free and clear of liens.  Deed Liber 1596, folio 568.

 

PERSONAL PROPERTY

Remaining furniture, including a period dining room suite, assorted tables, sewing machine, etc. will be sold as an entirety only, after the real estate.  Terms - cash or approved check, immediate removal required.


Auction by order of:
Theresa Kokosinski, Personal Representative
of the Estate of Audrey L. Peters

 

TERMS OF SALE

A $7,500 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 form.
BROKER REGISTRATION FORM (pdf)

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Equity Mortgage

2 Park Center Court - Suite 200
Owings Mills, Maryland  21117
410-654-3900 direct
410-581-5814 fax
ckessler@equitymortgagelending.com