Absolute Auction Over $7,500 "Easterwood - West Baltimore" Two Story Townhome

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Listing Details

Sold Price
$17,000
Auction Date
Auction Time
1:00 PM
Address
1708 N. Payson Street, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Easterwood, West Baltimore
Scroll down for Complete Details, including: property description and Terms of Sale.

Benfred B. Alston, Esquire
Alston & Byrd
2518 Maryland Avenue
Baltimore, MD 21218

ABSOLUTE ESTATE AUCTION
To The Highest Bidder Over $7,500

 

EASTERWOOD
West Baltimore

 

Two Story
TOWNHOME

Sale On Premises
1708 N. PAYSON STREET
Off 2000 Presbury Street
Baltimore City, MD 21217

TUESDAY, JULY 16, 2013
AT 1:00 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, 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 Easterwood neighborhood in west Baltimore. The home sits about six blocks from Coppin State University. The Mondawmin Mall and Metro station is about three-quarters of a mile to the north. The 1700 block of North Payson Street is a brick, tree-lined street featuring well kept two story buff brick bow and flat front townhomes.


For more information about Baltimore City neighborhoods, please see:
http://www.livebaltimore.com/neighborhoods/list/

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

 

SITE AREA

Rectangular lot 13'8" x 80', more or less


Zoning R-7, residential


Public water, sewer, gas, electricity, telephone, cable TV


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story brick inside-group buff brick townhome believed to contain 6 rooms (3 bedrooms), bath and basement.

 

REAL ESTATE TAXES

Published real estate taxes for 2012-2013 are $1,095, based on a full value assessment of $46,000.  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 an annual $72 ground rent (unregistered);  and sold free and clear of liens.  Baltimore City Deed Liber MLP 7642, folio 163.

 

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!


Auction by order of the Estate of Sarah E. Seaton, by:
Elsie Mackey, Personal Representative

 

FINANCING

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