"Dundalk Area - Broening Manor"

REAL ESTATE AUCTION

“Broening Manor”

Two Story Brick
TOWNHOME

Sale On Premises
6506 BROWN AVENUE
Baltimore City, MD 21224

THURSDAY, APRIL 20, 2017
AT 1:30 P.M.

– Suggested Opening Bid: $30,000 –

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:
6506 Brown Avenue is located in the Broening Manor neighborhood in southeast Baltimore City, one-half mile west of the Baltimore County line. Broening Manor is convenient to the Seagirt and Dundalk Marine Terminals, I-895, I-95 and I-695. The new Amazon distribution facility is 1.5 miles to the southwest. Shopping, dining and public transportation are along Holabird and Dundalk Avenues within walking distance. Downtown Baltimore is about 5 miles to the west. Nearby homes are a mix of traditional single family homes and townhomes.

For more information about Baltimore City neighborhoods, please visit:
http://livebaltimore.com/neighborhoods/

SITE:
Rectangular lot 18′ x 78′, more or less

Front and rear yards

Off-street parking potential

Zoning R-6, residential, single family

All public utilities

IMPROVEMENTS:
Two story brick townhome – the home was constructed in 1960, contains 1,080 square feet of living area and 540 square feet of basement space, according to public tax records. The home features vinyl replacement windows, and is arranged for 6 rooms (3 bedrooms), bath and basement. Formerly rented for $850/mo. MDE lead free certificate.

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

TAXES:
Published annual real estate taxes are $1,416 based on a full value assessment of $60,000. 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 $2,500 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, 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 contract. 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!