"Graceland Park"

REAL ESTATE AUCTION

TWO STORY
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Sale On Premises
6706 HUDSON STREET
Near O’Donnell Street and Dundalk Avenue
Baltimore City, MD 21224

TUESDAY, OCTOBER 29, 2019
AT 11:45 A.M.

– Suggested Starting Bid: $50,000 –

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:
6706 Hudson Street is located in the Graceland Park neighborhood in east Baltimore City. Surrounding neighborhoods include Bayview, O’Donnell Heights and Eastwood. Located within a quarter of a mile from I-95 and Eastern Avenue, the home site is a commuter’s dream. Within close proximity are many dining, retail and entertainment options that are sure to keep any resident busy. Nearby are the famous Baltimore neighborhoods of Greektown and Canton which host many family events, festivals and concerts. Major employers in the area include Johns Hopkins Bayview Campus, Amazon Fulfilment Centers and Seagirt Marine Terminal. Nearby schools include Graceland Park/O’Donnell Heights Elementary/Middle School and Patterson High School.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/
https://www.baltimorecityschools.org/schools
https://www.baltimorecity.gov/events

SITE:
Lot – 50′ x 111’10”, more or less

Zoned Residential

All public utilities

IMPROVEMENTS:
Two story traditional home – constructed in 1920, containing 1,218 square feet of living area and 714 square feet of basement space, according to public tax records. The home has been gutted and partially framed. Further renovation is required.

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,590.64, based on a full value assessment of $67,400. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $5,000 deposit, payable by 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. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, 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 contract and assumed thereafter by the purchaser. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract 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.

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