Absolute Auction Above $10,000 "Waverly" 2-Unit Rental Townhome

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Listing Details

Sold Price
$42,000
Auction Date
Auction Time
12:55 PM
Address
547 E. 38th Street, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Waverly
Scroll down for Complete Details, including: property description and Terms of Sale.

Louis B. Price, Esquire
Brocato, Price & Janofsky, LLC
309 Allegheny Avenue
Towson, Maryland 21204

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


ESTATE SALES,
ATTORNEY-IN-FACT SALE, ET AL.

 

6 BALTIMORE CITY PROPERTIES
- Investor & Homebuyer Opportunities -

 

Sales on Respective Premises
MONDAY, JUNE 11, 2012
At the Following Times:

AT 12:55 P.M.
547 E. 38TH STREET
"Waverly" - 21218

 
        ABSOLUTE ESTATE AUCTION ABOVE $10,000 - Two Unit Rental Townhome - Off 3800 block of Greenmount Ave. - Two story inside-group brick covered porchfront townhome zoned and arranged for two units features vinyl clad replacement windows, separate exterior entrances, separate meters, separate furnaces and water heaters. The property is arranged as follows: efficiency apartment with two rooms, kitchen and bath, on the first floor; living room, kitchen, bedroom and bath, on the second floor; basement at grade. Rented for a total of $1,050/month, mixed duration leases. Lot size: 14' x 90', more or less. Annual $90 ground rent (due 2/1 & 8/1). Auction by order of Joan Weaver, Personal Representative of the Estate of Ronald Weaver.

        BLOCK PLAT (pdf)

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


 

TERMS OF SALE

       A deposit of $2,500, for each property, 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, 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. 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, covenants of record affecting same, or 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 BUYERS PREMIUM!


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 Friday, June 8, 2012.