"Morrell Park" 2-Unit Rental Property Two Story Semi-Detached Home

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Listing Details

Sold Price
$35,000
Auction Date
Auction Time
11:30 AM
Address
1801 Sexton Street, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Morrell Park
Scroll down for Complete Details, including: property description and Terms of Sale.

Law Offices of Arthur L. Drager, LLC
The Equitable Building - Suite 620
10 N. Calvert Street
Baltimore, MD 21202

ESTATE SALE

 

6 BALTIMORE CITY
INCOME PRODUCING PROPERTIES
Pigtown & Morrell Park Neighborhoods

 

Sales on Respective Premises
THURSDAY, AUGUST 8, 2013
At the Following Times:

AT 11:30 A.M.
1801 SEXTON STREET
"Morrell Park" - 21230

 
        2 UNIT RENTAL PROPERTY - Off 2400 Block Washington Boulevard - Two story covered porchfront semi-detached shingle home arranged for 2 apartment units with separate exterior entrances. The 1st floor unit contains living room, bedroom, kitchen, bath and use of the basement. The 2nd floor unit is believed to contain living room, bedroom, kitchen and bath. Both units are occupied with a total gross scheduled income of $925/month. Lot size: 24' x 145', more or less. In fee simple. Zoned R-7, 2 dwelling units. Deposit: $2,500.

        BLOCK PLAT (pdf)

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TERMS OF SALE

      Deposits, as stated above, payable by certified or cashier's check, will be required of the purchaser at time and place of sale.  The deposit is to 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. 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 settlement and assumed thereafter by the purchaser. Properties 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 the rights of the existing tenants, if any, and easements, agreements, building violation notices, 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 the Estate of Sandrath K. Karasinski, by:
Arthur L. Drager, Personal Representative)