Absolute Auction Above $10,500 "McElderry Park" Two Story Townhome

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Listing Details

Sold Price
$10,500
Auction Date
Auction Time
12:20 PM
Address
236 N. Rose Street, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
McElderry Park
Scroll down for Complete Details, including: property description and Terms of Sale.

ABSOLUTE REAL ESTATE AUCTION
To The Highest Bidder Above $10,500

 

McELDERRY PARK
Six Blocks From Johns Hopkins Hospital

 

Two Story Brick
TOWNHOME

Sale On Premises
236 N. ROSE STREET
Off 2500 Block E. Fayette Street
Baltimore City, MD 21224

WEDNESDAY, AUGUST 14, 2013
AT 12:20 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:

The property is located in the McElderry Park neighborhood in southeast Baltimore City. Surrounding neighborhoods include Patterson Place, CARE and Milton-Montford. The home is approximately six blocks from the expanding Johns Hopkins Hospital complex, and is in a location where substantial residential and commercial revitalization has been ongoing for a number of years.  Downtown Baltimore and I-95 are each about two miles away to the west and east, respectively. Patterson Park is approximately two blocks to the south. 


For more information about McElderry Park, please see:
http://www.livebaltimore.com/neighborhoods/list/McElderryPark/

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

 

SITE AREA

Rectangular lot 12' x 60'9" more or less. Rear 10' vehicle acessible alley. Parking pad.


Zoning R-8, residential


Public water, sewer, gas, electricity, telephone, cable TV


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story brick inside-group townhome features new vinyl replacement windows (2011) and contains: living room, dining room and kitchen with walk-out, on the first floor: three bedrooms and bath, on the second floor; full basement; forced air heat.

 

REAL ESTATE TAXES

Published 2013-2014 annual real estate taxes are $2,105.12, based on a full value assessment of $89,200.  Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact SDAT concerning the appeals process and may see the following link for helpful information:
http://www.dat.state.md.us/sdatweb/appeal.html.

 

TITLE

Sold subject to an annual $87 ground rent due in semi-annual installments on 5/4 and 11/4;  and sold free and clear of liens.  Baltimore City Deed FMC Liber 11362, folio 138.

 

INSPECTION TIME

The home may be inspected 30 minutes prior to the auction.

 

TERMS OF SALE

A $2,500 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 at settlement, which shall take place within 45 days.  If payment of the deposit or 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, rent, ground rent, all other public charges and assessments payable on a monthly or 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, covenants of record affecting same or 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 except where otherwise mandated by local, State or Federal law.  Time is of the essence. 


NO BUYER'S PREMIUM!

 

FINANCING

See our Financing Page for a list of auction-oriented lenders.