"Lake Walker - Adjoining Chinquapin Park" Semi-Detached Brick Townhome Containing 2 Self-Contained Apartment Units

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Listing Details

Sold Price
$79,000
Auction Date
Auction Time
11:00 AM
Address
6191 Northwood Drive, Baltimore, MD, 21212
County
Baltimore City
Neighborhood
Lake Walker, Chinquapin Park
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Lawrence D. Adashek, Attorney
8 Reservoir Circle, Suite 104
Pikesville, MD 21208

TRUSTEES' AUCTION
                            
LAKE WALKER

Adjoining Chinquapin Park

Semi-Detached
BRICK TOWNHOME
Containing 2 Self-Contained
Apartment Units
$1,305 Gross Monthly Rentals

Sale On Premises
6191 NORTHWOOD DRIVE
Off 800 Walker Avenue
Baltimore, MD 21212

FRIDAY, NOVEMBER 16, 2012
AT 11:00 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, square footage and acreage contained herein are more or less.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION & DIRECTIONS:

6191 Northwood Drive is located in the "Lake Walker" neighborhood of northern Baltimore City, one block south of the City-County line.  The surrounding neighborhood is a mixture of housing types and styles.  Lake Walker is within walking distance of shopping at Belvedere Square and along York Road in Anneslie and Stoneleigh.  Public transportation is also nearby.  Neighborhood residents are a mixture of homeowners and tenants.  Demand for rental housing is very strong.  Homes in Lake Walker are typically well maintained.  The community is bounded on the east by Chinquapin Park, which adjoins the auction property.


Link for neighborhood information:
http://www.livebaltimore.com/neighborhoods/list/lakewalker

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

 

SITE AREA

Trapezoidal lot comprises 0.11 acre, fronting approximately 62' along Northwood Drive by 114' with a rear lot line of 25'.


Zoning R5, residential


All public utilities are in the site.  A new sewer line was recently installed.


The rear of the property is wooded and has a private concrete patio.


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Brick Semi-Detached Home - according to public tax records, the home was constructed in 1960 and contains 1,440 square feet of living area and 720 square feet of basement space.


Exterior
Brick exterior walls
Pitched, built-up roof with aluminum rain spouts
Double-glazed replacement windows
Separate open porch entrances for each apartment
Roof replaced by Modernized Plumbing in November 2005


First and Lower Level Apartment
Currently rented for $785 per month.  Lease expires 3/2013.  Same tenant since 7/1/2006. Security deposit: $1,000. Tenant pays for their own gas and electricity.

  • Living Room - wood floor
  • 2 Bedrooms - wood floors
  • Full Ceramic Tile Bath
  • Family Room - vinyl floor
  • Eat-in Kitchen - vinyl floor, ceiling fan
  • Half-Bath - vinyl floor
  • Laundry/Utility Room
  • Separate gas forced air heat
  • 100 ampere electric
  • Separate electric and gas meters
  • Walkout at grade to rear patio


Second Floor Apartment
Currently rented for $520 per month.  Lease expires 3/2013.  Same tenant since 1/1/1999. Security deposit: $400. Tenant pays for their own gas and electricity.

  • Living Room - wood floor
  • Dining Area - wood floor
  • Kitchen - vinyl floor
  • Bedroom - wood floor
  • Full Ceramic Tile Bath
  • Separate gas forced air heat
  • 100 ampere electric
  • Separate electric and gas meters

 
Mechanical
Water heaters replaced by Modernized Plumbing in December 2005
Furnaces have service contracts with BGE


LEASES:
The leases are available to view. Please complete and sign this: WAIVER AND CONFIDENTIALITY AGREEMENT (pdf) and return it to the office of the Auctioneer, by email: info@ajbillig.com or fax: 410-296-4420.

 

REAL ESTATE TAXES

Annual real estate taxes for 2012-2013 are $3,991.19 based on a full value assessment of $168,500.  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 the Maryland State Department of Assessments & Taxation 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 sold free and clear of liens.  Baltimore City Deed Liber 3428, folio 671.

 

INSPECTION TIME

The property may be inspected one hour prior to the time of sale.  In consideration of the tenants, there will be no inspections scheduled before the day of auction.

 

TERMS OF SALE

A $5,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price by 11:00 A.M., Monday, November 19, at the Auctioneer's office.  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 shall be forfeited and the property may be resold at the risk and expense of the purchaser. All adjustments, including taxes, rents, all other public charges and assessments payable on an annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of settlement and assumed thereafter by the purchaser.  Security deposits will be transferred at settlement. The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the rights of the tenants in possession.  Purchaser assumes the risk of loss from the date of sale forward.  The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law.   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 Auctioneers.  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.


Note: Court ratification is not required.


Connie Matricardi, Edward Matricardi, Trustees

 

FINANCING

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