Absolute Estate Auction Above $30,000 "Loch Raven" Well Located Porchfront Townhome

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Listing Details

Sold Price
$43,500
Auction Date
Auction Time
12:15 PM
Address
1802 Woodbourne Avenue, Baltimore, MD, 21239
County
Baltimore City
Neighborhood
Loch Raven
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Leslie J. Williams, Attorney
Niles Barton & Wilmer, LLC
111 S. Calvert Street - Suite 1400
Baltimore, Maryland 21202

★ ABSOLUTE ESTATE AUCTION ★
To The Highest Bidder Above $30,000
                         
LOCH RAVEN

Well Located, Brick
PORCHFRONT TOWNHOME
- In Need of Repairs -

Sale On Premises
1802 WOODBOURNE AVENUE
Off 5400 Hillen Road
Baltimore, MD 21239

WEDNESDAY, MARCH 21, 2012
AT 12:15 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 in a predominantly homeowner area in the Loch Raven neighborhood in northeast Baltimore City. Downtown Baltimore is about 15-20 minutes to the southwest. Morgan State College is located just several blocks to the west.

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

 

SITE AREA

Mostly rectangularly shaped parcel fronting 17', with depth lines of 113'3" and 113'9" and a rear lot line of 17', all more or less


All public utilities


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story updated brick townhome features a covered porchfront, vinyl double glazed replacement windows, modern gas forced hot air heat and a newly installed 40 gallon gas fired water heater.  The home needs repairs. The home is arranged as follows:


First Floor

  • Living Room
  • Dining Room
  • Updated Kitchen with a 4-burner gas range/oven, refrigerator/freezer and oak cabinetry


Second Floor

  • 2 - Bedrooms
  • Full Bathroom


Full Basement

  • Recreation Room (partially finished)
  • Laundry/Utility Room with washer and dryer

 

REAL ESTATE TAXES

 2011-2012 published annual real estate taxes are $2,409, based on a full value assessment of $101,200.  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

The property is in fee simple and is being sold free and clear of liens

 

INSPECTION TIME

From 11:45 a.m. on the day of sale or by appointment.

 

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 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. 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 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.


Auction by order of:
Forest F. Bramble, Jr. and Leslie J. Williams, Personal Representatives for the Estate of Rene J. Gunning, Jr.


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, March 20, 2012.

 

FINANCING

Call for pre-qualification and financing options:

Mr. Craig Kessler
Freedmont Mortgage Funding

50 Scott Adam Road
Hunt Valley, Maryland  21030
410-654-3900 direct
410-702-4511 fax
ckessler@freedmont.com


For a list of additional auction-oriented lenders, see our Financing Page.

For all other information please call 410-296-8440
OR EMAIL info@ajbillig.com