Absolute Estate Auction Above $30,000 "Patterson Place - Near Patterson Park" Renovated, 3 Story Brick Townhome

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Listing Details

Sold Price
$50,000
Auction Date
Auction Time
11:10 AM
Address
227 N. Montford Avenue, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
Patterson Place
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Randall J. Craig, Jr., Attorney
Craig Law Group, LLC
711 St. Paul Street
Baltimore, MD 21202

★ ABSOLUTE ESTATE AUCTION ★
To Highest Bidder Above $30,000
                                     
PATTERSON PLACE
Near Patterson Park

Renovated, 3 Story
BRICK TOWNHOME

Sale On Premises
227 N. MONTFORD AVE.
Off 2400 E. Fayette St.
Baltimore, MD 21224

WEDNESDAY, AUGUST 15, 2012
AT 11:10 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 and square footage contained herein are more or less.

LOCATION & DIRECTIONS:

The property is located in the Patterson Place neighborhood of east Baltimore City, two blocks north of Patterson Park. The neighborhood has undergone a complete transformation over the past 5-7 years with most of the homes being fully renovated. The 200 block of N. Montford Avenue is beautiful and almost all the homes have undergone updating or renovation. Downtown Baltimore is only 5-10 minutes to the west and John's Hopkins Hospital 0.5 mile to the west. Public transportation is within walking distance.

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

 

SITE AREA

Rectangular lot measuring 12' x 75', more or less


All public utilities


Rear 2 car concrete parking pad


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Renovated three story brick townhome features vinyl double glazed replacement windows, insulated exterior doors, gas forced hot air heat, recently installed water heater, and is arranged as follows:

 

First Floor

  • Living Room with built-in bookcases
     
  • Updated Kitchen with attractive wood cabinetry, recently installed 4-burner gas range/oven, washing machine


Second Floor

  • 2 - Rooms
     
  • Full Updated Bathroom


Third Floor

  • 2 Rooms


Basement - Exterior access and unimproved

Photos of auction property
Photos of auction property

 

REAL ESTATE TAXES

2012-2013 published annual real estate taxes are $3,063, based on a full value assessment of $128,700. 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 10:45 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:
Randall J. Craig, Jr., Successor Personal Representative for the Estate of Naomi Finch

 

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