"Lauraville"

Holloway & Sullivan, LLC
One N. Charles Street – Suite 2525
Baltimore, MD 21201

GUARDIAN’S AUCTION
– $25,000 Suggested Opening Bid –

3 BEDROOM BUNGALOW
– Renovation Needed –

Sale On Premises
4525 MAINFIELD AVENUE
Baltimore, MD 21214

WEDNESDAY, SEPTEMBER 20, 2017
AT 12:00 NOON

      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.

      The property is improved by a one and one-half story aluminum sided home, built in 1938, containing 1,235 square feet of living area and 806 square feet of basement space, according to public tax records. The house has vinyl-clad replacement windows, composition shingle roof, block foundation and open front porch. Wood flooring throughout.

      First floor contains a living room, dining room, eat-in kitchen with walk-in pantry, rear deck, two bedrooms and full bath. Second floor has third bedroom. Full unfinished basement with outside exit. Gas forced air heat.

      Lot size 50′ x 150′. In fee simple. Fenced yard.

      Published annual real estate taxes are $3,325, based on a full value assessment of $140,900. 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://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

      TERMS OF SALE: A $4,000 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.

No buyer’s premium.

Auction by order of:
Terry K. Sullivan, Guardian of the Property of Michael H. Carr