"Baltimore Highlands" Two Story End-Of-Group Townhome

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Listing Details

Sold Price
$68,000
Auction Date
Auction Time
12:30 PM
Address
11 S. Highland Avenue, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
Baltimore Highlands
Scroll down for Complete Details, including: property description and Terms of Sale.

David S. Musgrave, Solicitor
Ober, Kaler, Grimes & Shriver
120 E. Baltimore Street
Baltimore, MD 21202-1643


SUBSTITUTE TRUSTEES' AUCTION

12 - EAST BALTIMORE
BRICK TOWNHOMES

- To Be Sold Individually -
On The Respective Premises


THURSDAY, AUGUST 27, 2009
At the Noted Times



        Under and by virtue of the power of sale contained in an Amended and Restated Deed of Trust from Patterson Park Community Development Corporation to the Trustees therein, dated February 28, 2007, and recorded among the Land Records of Baltimore City, Maryland, in Liber 9152, Folio 246 (the "Deed of Trust"), the holder of the indebtedness secured thereby having appointed the undersigned to act as Substitute Trustees, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustees will sell at Public Auction, on the premises:


        All those leasehold and fee simple lots of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the above-referenced Deed of Trust, comprising the following properties:

 

Time of
Auction
 
Deposit

Address
 
Location
 
Neighborhood

Lot Size
 
Fee Simple or Ground Rent

Description of Improvements

12:30 P.M.

11 S. HIGHLAND AVENUE

Off 3400 E. Baltimore Street

"Baltimore Highlands" 21224

14' x 80'
 
In fee simple
 
BLOCK PLAT (pdf)

Two story formstone front brick end-of-group townhome, believed to contain or formerly contain 5 rooms (2 bedrooms), 2 baths and basement. Zoning B-2-3, commercial. Rented for $930 per month. 

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

 

TERMS OF SALE


        Lot sizes were obtained from public tax records and are more or less.  Improvement descriptions were obtained from sources deemed reliable and are believed to be accurate, but are made without express or implied warranty.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the improvements and permitted uses of the properties.  Except as noted, all properties are zoned residential.  Annual ground rents are payable in equal semi-annual installments on the noted due dates, in each and every year.


        A financial statement for the occupied properties is available inspection upon receipt of a signed Waiver & Confidentiality Form (pdf).


        TERMS OF SALE: A $3,000 deposit on each property, payable by certified check or cashier's check, will be required of the high bidder at time and place of sale.  The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer's Office.  The deposit will not earn interest in the hands of the Substitute Trustees.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit.  Balance to be paid in cash at settlement, which shall take place within twenty (20) business days following final ratification of the sale by the Circuit Court for Baltimore City.  If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser.  In such event, the defaulting purchaser shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of both sales, attorney's fees and all other charges incurred by the Substitute Trustees.  The high bidder waives personal service of any paper filed in connection with a motion to resell any property on himself and/or any principal or corporate designee, and expressly agrees to accept service of any such paper by regular mail directed to the address provided by the bidder at the time of the sale.  Interest to be charged on the unpaid purchase money, at the rate stated in the note secured by the Deed of Trust, from date of sale to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  All adjustments as of date of sale.  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, building or housing violation notices, if any, as well as existing zoning, and any liens or encumbrances having priority over the Deed of Trust.  The high bidder shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The high bidder waives and releases the Substitute Trustees, the holder of the indebtedness, the Auctioneers, and their respective agents, successors and assigns from any and all claims the bidder 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 Substitute Trustees are unable to convey good and marketable title, the high bidder's sole remedy in law or equity shall be limited to the refund of the deposit.  Upon refund of the deposit the sale shall be null and void and of no effect, and the high bidder shall have no further claim against the Substitute Trustees, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement, including a $300 document review fee by the Seller's attorney, to be paid by the high bidder.  Time shall be of the essence for the high bidder.


        Additional terms may be announced at the time of sale. The Substitute Trustees reserve: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders' deposits and terms of sale and/or settlement; (3) the right to withdraw any property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale. If the Substitute Trustees are unable to convey the Property as described above, by reason of any defect in the title or otherwise, the sole remedy of the high bidder at law or in equity shall be limited to the refund of the deposit. Upon refund of the deposit to the high bidder, the sale shall be void and of no effect, and the high bidder shall have no further claims against the Substitute Trustees. The conveyance of the Property by the Substitute Trustees to the high bidder at settlement shall be by deed without covenant or warranty of any kind whatsoever.


David S. Musgrave and Walter R. Kirkman,
Substitute Trustees


No Buyer's Premium