Absolute Auction Over $25,000 "Hamilton Area - Waltherson Neighborhood" End-Of-Group Townhome Residential or Commercial Use

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Listing Details

Sold Price
$40,000
Auction Date
Auction Time
1:30 PM
Address
5229 Harford Road, Baltimore, MD, 21214
County
Baltimore City
Neighborhood
Hamilton Area, Waltherson
Scroll down for Complete Details, including: property description and Terms of Sale.

★ ABSOLUTE AUCTION ★
TO THE HIGHEST BIDDER OVER $25,000
                                                                 
HAMILTON AREA
  - Waltherson Neighborhood -  

END-OF-GROUP TOWNHOME
- Residential or Commercial Use -

Sale on Premises
5229 HARFORD ROAD
Corner Echodale Avenue
BALTIMORE CITY, MD 21214

THURSDAY, MARCH 1, 2012
AT 1:30 P.M.


        NOTE: The information contained herein has been obtained from sources deemed reliable and believed to be accurate. However, no express or implied warranty is made as to the accuracy of these representations. All dimensions and acreage contained herein are more or less.

LOCATION & DIRECTIONS:

The Waltherson Neighborhood is located in Northeast Baltimore City, and is made up of substantially owner-occupied homes with some rental properties. The commercial section of the area is more generally referred to as Hamilton. The Harford Road commercial strip in Hamilton and Lauraville has been undergoing a renaissance over the last few years, and  features a unique mix of street retail, new eateries, art galleries and a number of other businesses. Public transportation is at the doorstep. The corner offers great exposure for a number of different types of businesses, or just a very convenient location for residential use.


For more information, please visit:

http://hamiltonlauravillemainstreet.blogspot.com/

and

http://www.livebaltimore.com/neighborhoods/list/Waltherson/

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

 

SITE AREA

Irregularly shaped lot fronts approximately 30'5" on Harford Road, with depths of 110'2" along Echodale Avenue and 109' along the interior. Bounded in the rear by a 12' alley. Mature trees and shrubs.


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story brick semi-detached covered porchfront building contains 1,398 square feet of living area, 699 square feet of basement space, and is currently configured for an office on the first floor and apartment above. The property is arranged as follows: two offices and kitchen, on the first floor; two large rooms, kitchen, bath and small laundry room, on the second floor; basement with bathroom and multiple storage rooms. Slate roof. Gas hot water heat. Zoned OR-1, office residential, single family.

 

REAL ESTATE TAXES

2011-2012 published annual real estate taxes are $3,242, based on a full value tax assessment of $136,200.  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

In fee simple, sold free and clear of all liens.

 

INSPECTION TIME

By appointment and 30 minutes prior to sale on the day of 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 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, 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, and subject to easements, agreements, 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 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 Wednesday, February 29, 2012.

 

FINANCING

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