Absolute Auction Over $15,000 "Park Circle" Income Producing Brick Townhome

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Listing Details

Sold Price
$16,000
Auction Date
Auction Time
12:35 PM
Address
3612 Cottage Avenue, Baltimore, MD, 21215
County
Baltimore City
Neighborhood
Park Circle
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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 ABSOLUTE BANK REO LIQUIDATION AUCTION
To The Highest Bidder Over $15,000
                       
PARK CIRCLE

Income Producing
BRICK TOWNHOME

Sale On Premises
3612 COTTAGE AVENUE
Off 3600 Park Heights Avenue
Baltimore, MD 21215

TUESDAY, OCTOBER 29, 2013
AT 12:35 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 and square footage contained herein are more or less.

 

LOCATION & DIRECTIONS:

The property is located in the Park Circle neighborhood in northwest Baltimore City. The property is just several blocks north of Druid Hill Park and the Baltimore Zoo and west of Television Hill. Hampden and the Downtown Baltimore business district are both 5-10 minutes away.  Nearby properties are a mix of townhomes, commercial properties and garden apartments.   The area has been targeted by Baltimore City as one the primary renewal communities.

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

 

SITE AREA:

Rectangularly shaped parcel fronting 22'1", with depth lines of 139', more or less


Fenced yard


Serviced by public water, public sewer and natural gas


BLOCK PLAT (pdf)

 

IMPROVEMENTS:

Brick two story townhome, features gas steam heat, vinyl double glazed replacement windows, updated electrical service, gas hot water heater and recently re-coated roof.  The property is currently rented for $700/month on a month to month basis.   The home is arranged as follows:


First Floor

  • Living Room
  • Dining Room
  • Updated Kitchen with refrigerator and range/oven


Second Floor

  • 4 Bedrooms
  • Updated Full Bathroom


Full Basement

  • Laundry Area

 


 

 

ZONING:

R-6, single family

 

REAL ESTATE TAXES:

Published 2013-2014 annual real estate taxes are $1,549, based on a full value assessment of $65,100.  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 SDAT 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 an annual $90 ground rent, payable in semi-annual installments on the 11th day of April and October in each and every year.  The property is being sold free and clear of all liens.

 

INSPECTION TIME:

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

 

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 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. Taxes 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 any existing building violation notices, 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.


FINANCING:

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