Absolute Estate Auction Above $15,000 "Madison-Eastend" Rental Townhome

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Listing Details

Sold Price
$20,000
Auction Date
Auction Time
12:30 PM
Address
721 N. Lakewood Avenue, Baltimore, MD, 21205
County
Baltimore City
Neighborhood
Madison-Eastend
Scroll down for Complete Details, including: property description and Terms of Sale.

★ ABSOLUTE ESTATE AUCTION ★
To The Highest Bidder Above $15,000
                                  
MADISON-EASTEND

Two Story, Buff Brick
RENTAL TOWNHOME

Sale On Premises
721 N. LAKEWOOD AVENUE
Off 2700 E. Monument St.
Baltimore, MD 21205

THURSDAY, DECEMBER 12, 2013
AT 12:30 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:

The property is located in the Madison-Eastend Neighborhood of east Baltimore City.  Downtown Baltimore is about 5-10 minutes to the west. Baltimore's world famous John's Hopkins Hospital Complex lies just blocks to the west.

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


SITE:

Rectangularly shaped parcel fronting 13'5", with depth lines of 70', more or less


Serviced by public water, public sewer and natural gas


BLOCK PLAT (pdf)


IMPROVEMENT DESCRIPTION:

Brick two story townhome, features hardwood floors, gas warm air heat, gas fired water heater, fenced rear yard and is arranged as follows:


First Floor

  • Living Room
  • Dining Room
  • Kitchen with 4-burner gas range/oven and refrigerator


Second Floor

  • 3 Bedrooms
  • Hall Bathroom


Full Basement

  • Laundry Room
  • Storage Room
  • Full Bathroom


ANNUAL REAL ESTATE TAXES:

Published 2013-2014 annual real estate taxes are $590.


ZONING:

R-8, single family residential


TITLE:

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


INSPECTION:

12:00 noon on the day of the auction only


FINANCING:

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


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.