"Mid-Town/Belvedere" Condominium Unit with One Bedroom & Bath

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Listing Details

Sold Price
$64,000
Auction Date
Auction Time
10:00 AM
Address
Unit #0 - 1230 N. Calvert Street, Baltimore, MD, 21202
County
Baltimore City
Neighborhood
Mid-Town/Belvedere
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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 Holderness, Menchel & Alter, LLC, Solicitors
1029 N. Calvert Street, Second Floor
Baltimore, MD 21202

SUBSTITUTE TRUSTEES' AUCTION
                                    
Mid-Town/Belvedere


One Bedroom & Bath
CONDOMINIUM UNIT

 Sale On Premises
UNIT #0
1230 N. CALVERT STREET

Off 200 E. Preston Street
Baltimore, MD 21202


MONDAY, APRIL 7, 2008
AT 10:00 A.M.

For directions from your location, visit: MapQuest


        Under and by virtue of the power of sale contained in a certain Deed of Trust from Jess Kaufman to the Trustee(s) therein, dated April 30, 2007, and recorded among the Land Records of Baltimore City, in Liber 9484, Page 433 and re-recorded as Liber 10238, Page 466, the holder of the indebtedness secured thereby having appointed James W. Holderness and Daniel Menchel to act as Substitute Trustees, in place and stead of the aforementioned Trustee(s), 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, the following:

        All that fee simple condominium unit, situate and lying in Baltimore City, State of Maryland and being more fully described in the above-referenced Deed of Trust.

        The improvements are believed to comprise a ground level condominium apartment unit, located in a four-unit four-story masonry inside-group building.  The unit is believed to contain approximately 890 square feet of living area, including living/dining combination, kitchen, bedroom and bath; electric forced air heat and central air conditioning, rear courtyard and parking space.

        TERMS OF SALE:  A $6,500 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 within 24 hours at the Auctioneer’s Office.  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 ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore City at the offices of the Substitute Trustees.  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.  Interest to be charged on the unpaid purchase money, at the rate of 23% per annum, from date of sale to date of settlement.  All adjustments as of date of sale.  Taxes, condominium fees 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, including the condominium declaration and bylaws.  Purchaser 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 purchaser 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 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 Substitute Trustees are 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 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 purchaser.  Time shall be of the essence for the purchaser.


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James W. Holderness and
Daniel Menchel, Substitute Trustees