"Mt. Clare" Two Story Brick Townhome Renovated, Currently Rented

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Listing Details

Sold Price
$17,000
Auction Date
Auction Time
11:00 AM
Address
502 S. Gilmor Street, Baltimore, MD, 21223
County
Baltimore City
Neighborhood
Mt. Clare
Scroll down for Complete Details, including: property description and Terms of Sale.

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

ATTORNEY'S AUCTION

4 - INVESTMENT TOWNHOMES

Sales On Respective Premises
THURSDAY, AUGUST 23, 2012

AT 11:00 A.M.
502 S. GILMOR STREET
Off 1400 Cole St., "Mt. Clare"
Baltimore, MD 21223

 
        Two story brick inside-group townhome was renovated several years ago. The home is currently rented for $600/month and contains carpeted living and dining rooms, and kitchen with ceramic tile floor, updated cabinets, range/oven, refrigerator and stainless steel sink, on the first floor. Second Floor has 2 carpeted bedrooms, sitting room and full ceramic tile bath. Basement. Gas forced air heat; gas water heater; circuit breakers; replacement windows. Lot size 11' x 50' m/l. In fee simple.

        Deposit $2,500

        BLOCK PLAT (pdf)

Photos of auction property
FRONT VIEW    STREET SCENE

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TERMS OF SALE

        Deposits, as stated above, 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.  Balance to be paid in cash 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, ground, 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.  The properties will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  The properties are sold subject to existing leases and 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.


Auction by order of:
James W. Habercam, Attorney-in-Fact for John B. Habercam and
Personal Representative of the Estate of Haven J. Habercam


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