Absolute Auction Above $15,000 "Rosemont" Well Maintained Townhome

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Listing Details

Sold Price
$24,000
Auction Date
Auction Time
10:30 AM
Address
3231 Presstman Street, Baltimore, MD, 21216
County
Baltimore City
Neighborhood
Rosemont
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Louis J. Weinkam, Jr., Attorney
Weinkam & Weinkam, P.A.
1002 Frederick Road
Catonsville, Maryland 21228

★ ABSOLUTE ESTATE AUCTION  ★
To The Highest Bidder Above $15,000
                      
ROSEMONT

Updated, Covered Porchfront
BRICK TOWNHOME 

Sale On Premises
3231 PRESSTMAN STREET
Between 1500 N. Hilton St. & N. Ellamont St.
Baltimore, MD 21216

FRIDAY, MAY 18, 2012
AT 10:30 A.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 and square footage contained herein are more or less.

LOCATION & DIRECTIONS:

The property is located on a well maintained block in the Rosemont neighborhood. Shopping and restaurants are nearby along Edmondson Avenue, North Avenue and the Mondawmin Mall.  Downtown Baltimore is about 10-15 minutes to the southeast. Belmont Elementary School is located one block to the south and Gwynns Falls Park one block to the west.

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

 

SITE AREA

Rectangularly shaped lot measuring 18'9" x 90', more or less


All public utilities


Fenced rear yard


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Updated two story brick covered porchfront townhome features a new gas steam boiler furnace (2010), new 40 gallon gas fired water heater (2011), and is arranged as follows:


First Floor

  • Living Room
     
     
  • Dining Room

     
  • Updated Kitchen with oak cabinetry, 4-burner gas range/oven, and refrigerator/freezer


Second Floor

  • 3 - Bedrooms
     
  • Full Bathroom with skylight


Full Basement

 

REAL ESTATE TAXES

2011-2012 published annual real estate taxes are $1,511, based on a full value assessment of $63,500.  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

The property is being sold subject to an annual $120 ground rent payable in semi-annual installments on February 1 and August 1 yearly.  The property is being sold free and clear of liens.

 

INSPECTION TIME

From 10:00 a.m. on the day of sale.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $2,500 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 office of the Auctioneers.  Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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.  Taxes, ground rent and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Seller, the attorney for the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof.  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 Auctioneer.  The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. 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.


Auction by order of:
Ridgely Nelson, Personal Representative for the Estate of Rochel A. Nelson


BIDDER PRE-REGISTRATION

Online pre-registration is now closed. Please register with the Auctioneer at the auction site.


BROKER COOPERATION:

Broker participation is invited. See our: BROKER REGISTRATION FORM (pdf). 

The completed form must be returned to the Auctioneer's office by 5:00 P.M. on Thursday, May 17, 2012.

 

FINANCING

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


7 More Auctions to be Held on Friday, May 18, 2012
(click for Auction Details page)