Absolute Auction To The Highest Bidder "Frankford" Brick Rancher 3 Bedrooms and 1½ Baths

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Listing Details

Sold Price
$67,000
Auction Date
Auction Time
11:00 AM
Address
5510 Knell Avenue, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Frankford
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Rob Goldman Legal Solutions
6800-B Holabird Avenue
Dundalk, MD 21222

★ABSOLUTE★
ESTATE AUCTION

To the Highest Bidder - Regardless of Price!
                        
FRANKFORD

3 Bedroom ◆ 1½ Bath
BRICK RANCHER

Sale On Premises
5510 KNELL AVENUE
Corner Willshire Avenue
Baltimore, MD 21206

WEDNESDAY, FEBRUARY 29, 2012
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:

5510 Knell Avenue is located in northeast Baltimore City, east of Belair Road and north of Frankford Avenue.  The surrounding neighborhood is comprised of single family detached homes.  Most appear to be well maintained.  The home is convenient to public transportation, schools and employment centers.

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

 

SITE AREA

 Generally rectangular and level, the lot fronts 55'10" along Knell Avenue by a depth of 127' along Willshire Avenue, comprising 0.12 acre.


Zoning R3, residential


Public water, sewer, gas, electricity, telephone, cable are available


Storage shed


BLOCK PLAT (pdf)

 

IMPROVEMENTS

One Story Brick Rancher - according to public tax records, the home was constructed in 1958, contains 1,200 square feet on the first floor and 1,200 square feet in the lower level. 


Exterior
Brick facade
Aluminum siding roof soffit and trim
Composition shingle roof with aluminum rain spouts
Covered front porch
Covered rear porch
Vinyl-clad double hung replacement windows


First Floor

  • Living Room - wood floor
  • Dining Room - wood floor
  • Kitchen - vinyl floor, original wood cabinets, gas range, wall oven, refrigerator
  • Bedroom #1 - wood floor
  • Bedroom #2 - wood floor
  • Bedroom #3 - wood floor
  • Full Bath - ceramic tile floor and wainscot, original


Lower Level
Outside exit on stairs

  • Family Room - carpeting, paneling, artificial fireplace
  • Entertainment Kitchen - vinyl floor
  • Large Storage Room - vinyl floor
  • Half-Bath - vinyl floor
  • Laundry/Utility Room - vinyl floor, utility sink, washer and dryer


Mechanical
Gas, hot water baseboard heat with summer/winter hook-up for hot water
150-amp. electric service
Sump pump


The house could use updating and cosmetic repairs.

 

REAL ESTATE TAXES

Published annual real estate taxes for 2011 were $3,606, based on a full value assessment of $151,500.  The purchaser 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

The property is sold free and clear of all liens and encumbrances, subject to an annual $180 ground rent (redemption value $3,000).  Deed reference Liber 4320, folio 355.

 

INSPECTION TIME

The property will be available for inspection from 10:00 a.m. on the day of sale only.  No prior inspection is scheduled.  Check back to this page in the event alternate arrangements are made.

 

TERMS OF SALE

A $5,000 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, 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, 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 buyer's 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 Tuesday, February 28, 2012.


Auction by order of:
Robin M. Goldman, Personal Representative
of the Estate of Edward S. Kelly

 

FINANCING

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