Absolute Auction Above $7,500 "Curtis Bay" Two Story Townhome

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Listing Details

Sold Price
$40,000
Auction Date
Auction Time
11:00 AM
Address
1409 Olmstead Street, Baltimore, MD, 21226
County
Baltimore City
Neighborhood
Curtis Bay
Scroll down for Complete Details, including: property description and Terms of Sale.

★ ABSOLUTE AUCTION ★
To The Highest Bidder Above $7,500

GUARDIAN'S SALE
                       
CURTIS BAY

TWO STORY TOWNHOME

Sale On Premises
1409 OLMSTEAD STREET
Off 4200 Fairhaven Avenue
Baltimore City, MD 21226

TUESDAY, OCTOBER 1, 2013
AT 11:00 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, 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 Curtis Bay neighborhood in south Baltimore City. The area is very close to I-895, and has easy access to I-695 (the Baltimore Beltway), I-95 and I-295. The area is characterized by its proximity to nearby waterways and major employment centers, including port facilities, hospitals and businesses in South Baltimore and Downtown Baltimore.


For more information about Curtis Bay, please see:
http://livebaltimore.com/neighborhoods/curtis-bay/#.Ui3S7tK1Gs8

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

 

SITE AREA

Rectangular lot: 16' front by 100' deep. Bounded in the rear by a 16' vehicle accessible alley.


Fenced front and rear yards with potential for off-street parking pad


Zoning: R-6, residential


Public water, sewer, gas, electricity, telephone


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story brick inside-group porchfront townhome features vinyl replacement windows, gas forced air heat and hardwood floor (some currently under carpet). The home contains a living room, dining room, kitchen and walk-out to screened porch and rear patio; on the first floor; three bedrooms and hall bath, on the second floor; partially finished basement with club room, utility room/workshop and flush; 40 gallon gas fired water heater.

 

REAL ESTATE TAXES

Published real estate taxes for 2012-2013 are $1,667.11, based on a full value assessment of $111,100.  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 the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information - http://www.dat.state.md.us/sdatweb/appeal.html

 

TITLE

Subject to a $90 annual ground rent (unregistered);  and sold free and clear of all liens.

 

INSPECTION TIME

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

 

TERMS OF SALE

A $3,500 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, ground rent, 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 the rights of the existing tenants, if any, and easements, agreements, building violation notices, 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 except where otherwise mandated by local, State or Federal law.  Time is of the essence.


NO BUYER'S PREMIUM!


Sale by Order of Phyllis Weytekunas, Guardian for Cecelia Agnes Walker

 

FINANCING

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