★ ABSOLUTE AUCTION ★
To The Highest Bidder Above $10,000
- In Need of Renovation -
Sale On Premises
745 N. GRANTLEY STREET
Off 3400 Gelston Drive
Baltimore, MD 21229
TUESDAY, SEPTEMBER 17, 2013
AT 12:10 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 and square footage contained herein are more or less.
The property is located in the Edmondson Village neighborhood a/k/a Edgewood in West Baltimore. The location is proximate to Edmondson Avenue and Hilton Parkway, and is one block south of Lyndhurst Park. The Gwynns Falls Trail is within walking distance. Nearby properties include other townhomes and a mix of educational, religious and commercial buildings.
For directions from your location, visit: maps.google.com
Rectangularly shaped parcel fronting 20', with depth lines of 82'6", more or less
Serviced by public water, public sewer and natural gas
Brick two story covered porchfront townhome, features vinyl replacement windows, gas forced hot air heat and fenced yard. The home is in need of total renovation and is arranged as follows:
Published 2013-2014 annual real estate taxes are $1,706, based on a full value assessment of $71,700. 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 SDAT concerning the appeals process and may see the following link for helpful information:
Subject to an annual $108 ground rent, payable in semi-annual installments on the 22nd day of March and September in each and every year. The property is being sold free and clear of all liens.
The home may be inspected 30 minutes prior to the auction.
Deposit payable by certified or cashier's check of $2,500 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 office of the Auctioneers. 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. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement. Taxes, ground rent 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 any existing building violation notices, easements, agreements, 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 attorney for 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.
See our Financing Page for a list of auction-oriented lenders.