"Charles Village - Abell National Historic District"

Arthur L. Drager, Attorney
Law Offices of Arthur L. Drager, LLC
One North Charles St. – Suite 1200
Baltimore, Maryland 21201

GUARDIAN’S AUCTION

Two Story Brick
PORCHFRONT TOWNHOME
 – Arranged for Two Units –

Sale On Premises
2609 GUILFORD AVENUE
Baltimore City, MD 21218

– Suggested Opening Bid: $35,000 –

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:
2609 Guilford Avenue is located in the Harwood neighborhood in north Baltimore City, and is part of the Charles Village – Abell National Historic District. Harwood is one of a cluster of neighborhoods immediately adjacent to Johns Hopkins University, which is less than one-half mile northwest of the home. The neighborhoods of Harwood, Charles Village, Barclay, Old Goucher College, Remington and Better Waverly provide a vibrant core directly in the middle of Baltimore City. Johns Hopkins University, proximity to Penn Station, ample shopping, numerous restaurants, Victorian-era architecture and countless community events make the location desirable to a variety of residents.   

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

SITE:
Rectangular lot 15’4″ x 120′, more or less

Rear patio with parking potential

Zoning R-6, residential, single family

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

IMPROVEMENTS:
Two story brick inside-group townhome with covered front porch and bow window – according to tax records, the home contains 1,650 square feet of living area and 825 square feet of basement space. The home is arranged for two dwelling units. The lower level unit is rented to a Section 8 tenant for $352/month. The upper level unit is rented to a very long term market rate tenant for $305/month. The home is believed to be MDE Lead Rental Registered. The home is in need of updating and cosmetic repair.

TITLE:
$96 annual ground rent (due in semi-annual installments on 4/6 & 10/6);  and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $4,252.72 based on a full value assessment of $180,200.  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 $7,500 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. 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 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!

Sale by Order of:
Arthur L. Drager, Guardian of the Property
of Arthur L. Buist