Absolute Estate Auction - To The Highest Bidder "McElderry Park" Rental Townhome

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Listing Details

Sold Price
$21,500
Auction Date
Auction Time
11:25 AM
Address
2803 Jefferson Street, Baltimore, MD, 21205
County
Baltimore City
Neighborhood
McElderry Park
Scroll down for Complete Details, including: property description and Terms of Sale.

Michael J. Lambros, Esquire
Law Offices of Lambros & Lambros
9900 York Road
Cockeysville, Maryland 21030

ABSOLUTE ESTATE AUCTION
To The Highest Bidders - Regardless of Price!

 

 5 EAST BALTIMORE  
INVESTMENT PROPERTIES

 

Sales on Respective Premises
TUESDAY, AUGUST 2, 2011
At The Following Times:

AT 11:25 A.M.
2803 JEFFERSON STREET
"McElderry Park" - 21205

 
        Rental Townhome - Off 400 N. Linwood Avenue - Two story brick inside-group townhome features vinyl replacement windows and is believed to contain: ceramic tile entry foyer, living room, dining room and kitchen, on the first floor; three rooms and bath, on the second floor; basement; and gas hot water heat. MDE lead certificate. Lot size: 13' x 70', more or less. In fee simple. Rented for $625/month, on a month to month lease.

        BLOCK PLAT (pdf)

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


 

TERMS OF SALE

        Deposit of $2,500 for each property, payable by certified or cashier's check, will be required of the purchaser at time and place of sale.  The deposit is to 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 will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser.  All properties except 2704 Boone Street and 2803 Jefferson Street: 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. 2704 Boone Street and 2803 Jefferson Street: All adjustments as of date of settlement. All properties 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 risk of loss from the date of sale forward.  The purchaser waives and releases 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. TIME IS OF THE ESSENCE.


NO BUYERS PREMIUM!


Auction By Order of the Estate of William R. Porter, By:
Kyle Porter, Personal Representative


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)