"Rosemont - Near Gwynns Falls" Rental Townhome

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Listing Details

Sold Price
$28,000
Auction Date
Auction Time
12:15 PM
Address
3135 Belmont Avenue, Baltimore, MD, 21216
County
Baltimore City
Neighborhood
Rosemont, West Baltimore, Near Gwynns Falls
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTION

 

ROSEMONT
West Baltimore - Near Gwynns Falls

 

Two Story Brick
RENTAL TOWNHOME

Sale On Premises
3135 BELMONT AVENUE
Off 1400 Blk. N. Rosedale Street
Baltimore City, MD 21216

WEDNESDAY, MARCH 6, 2013
Postponed to:
TUESDAY, MARCH 12, 2013
AT 12:15 P.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:

The property is located in the Rosemont neighborhood in West Baltimore. The location is proximate to Gwynns Falls - Leakin Park, which features ball fields, running trails and other recreational facilities. Nearby homes are comprised of primarily porchfront townhomes, with a few garden apartment buildings nearby.


For more information about Baltimore City neighborhoods, please see:
http://www.livebaltimore.com/neighborhoods/list/

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

 

SITE AREA

Rectangular lot fronts 22' on Belmont Avenue, with depths of 97' and bounded in the rear by a 12' alley.


Zoning R-6, residential


Public water, sewer, gas, electricity, telephone, cable TV


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story brick inside-group covered porchfront townhome features vinyl replacement windows, front and rear yards, with an MDE lead certificate. The home contains: living room, dining room and kitchen, on the first floor; 4 bedrooms and bath, on the second floor; and partially finished basement with full bath. Gas radiant heat.


Currently rented for $850 per month, on a month to month lease, with the tenant having occupied the home for 10 years.


LEAD PAINT CERTIFICATE (pdf)

 

REAL ESTATE TAXES

Published real estate taxes for 2012-2013 are $1,773, based on a full value assessment of $74,500.  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

Subject to an annual $85 ground rent (due semi-annually on 6/15 & 12/15);  and sold free and clear of liens.  Baltimore City Deed Liber FMC 10779, folio 216.

 

INSPECTION TIME

The home may be inspected 30 minutes prior to the auction.

 

TERMS OF SALE

A $2,500 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.  Balance to be paid in cash at settlement, which shall take place within 45 days.  If payment of the deposit or 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, rent, ground rent, all other public charges and assessments payable on a monthly or 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 property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions, covenants of record affecting same or housing violation notices, if any.  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!

 

FINANCING

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