Absolute Auction Above $7,500 "McElderry Park - East Monument National Historic District" Two Story Brick Townhome

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Listing Details

Sold Price
$6,500
Auction Date
Auction Time
11:45 AM
Address
420 N. Rose Street, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
McElderry Park, East Monument National Historic
Scroll down for Complete Details, including: property description and Terms of Sale.

ABSOLUTE AUCTION
To The Highest Bidder Above $7,500
                                                                       
McELDERRY PARK
East Monument National Historic District

Two Story Brick
TOWNHOME

Sale On Premises
420 N. ROSE STREET
Off 2500 Block Orleans Street
Baltimore City, MD 21224

TUESDAY, JULY 9, 2013
AT 11:45 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 McElderry Park neighborhood of east Baltimore City,  best known for its proximity to Johns Hopkins Hospital, which is about 6 blocks to the west. There has been a substantial amount of renovation in the neighborhood over the last few years. Nearby properties are substantially two story townhomes, with various neighborhood businesses within walking distance. Public transportation is readily available with bus service within a block or two in many directions, and metro train service located at Johns Hopkins Hospital.


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

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

 

SITE AREA

Rectangular lot - 12' x 61', more or less
Zoning R-8, residential
All public utilities


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story brick inside-group townhome that has been gutted and in process of renovation.  Reportedly most of the drywall has been removed and the interior has been re-studded.  The home formerly was believed to contain a living room, dining room and kitchen, on the first floor; two bedrooms and bath, on the second floor; basement.

 

REAL ESTATE TAXES

Published real estate taxes for 2012-2013 are $833.

 

TITLE

In fee simple;  and sold free and clear of liens.  Baltimore City Deed Liber FMC 15282, folio 0046.

 

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, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to 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!

 

FINANCING

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