Absolute Estate Auction Above $25,000 "Hampden" Shell Townhome

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Listing Details

Sold Price
$44,000
Auction Date
Auction Time
11:00 AM
Address
3345 Paine Street, Baltimore, MD, 21211
County
Baltimore City
Neighborhood
Hampden
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Daniel D. Harvey, Attorney
Cotton-Duck Title Co.
735 W. 36th St., 21211

ABSOLUTE ESTATE AUCTION
To The Highest Bidder Above $25,000
                 
HAMPDEN

SHELL TOWNHOME
- In Need of Complete Renovation -

Sale On Premises
3345 PAINE STREET
Off 900 W. 33rd St.
Baltimore, MD 21211

WEDNESDAY, OCTOBER 23, 2013
AT 11:00 A.M.


    NOTE:  The information contained herein has been obtained from sources deemed reliable and believed to be accurate.  However, no express or implied warranty is made as to the accuracy of these representations.  All dimensions contained herein are more or less. 


GENERAL INFORMATION

LOCATION & DIRECTIONS:

3345 Paine Street is one block west of Chestnut Avenue and several blocks south of Hampden's famous "The Avenue".   The property is convenient to the Jones Falls Expressway (I-83 South) and the MTA Woodberry Light Rail Station. The property's great location is within walking distance to numerous eateries, shops and work centers.  The site is located near major redevelopment projects, including the Clipper Mill Industrial Park, Woodberry Mill office and craft studios and the newly constructed Mill No. 1.  The Downtown business district is 5-10 minutes to the south.


For more information about Hampden, visit:
http://livebaltimore.com/neighborhoods/hampden/#.UkXiy6LD8dU


For more information about Hampden merchants, visit:
http://hampdenmerchants.com

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

 

SITE AREA

Mostly rectangularly shaped parcel measuring 12' x 100', more or less


Public water and public sewer


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story formstone front shell townhome containing living room, kitchen, on the first floor;  2 bedrooms and bath, on the second floor.  The home needs gutting and total renovation.

 

ZONING

R7 - Residential

 

REAL ESTATE TAXES

2013-2014 Annual Real Estate Taxes - $3,295 (based on a full value tax assessment of $139,600).  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

Annual $45 ground rent, payable in equal bi-annual installments on the 28th  days of March and September in each and every year.   The property is being sold free and clear of all liens.

 

INSPECTION TIME

At 10:15 a.m. on the day of the auction only.

 

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 at settlement, which shall take place 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, ground rent 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 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:
Mary Elizabeth Sullivan, Personal Representative
for the Estate of Rubert A. Sullivan, Jr.

 

FINANCING

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