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ONLINE REAL ESTATE AUCTION
– Rented for $980/Month –
1812 RAMSAY STREET
Off S. Monroe Street
Baltimore City, MD 21223
TUESDAY, APRIL 19, 2022
THURSDAY, APRIL 21, 2022 AT 11:45 A.M.
– Starting Bid: $10,000 –
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.
1812 Ramsay Street is located in the Carrollton Ridge neighborhood of southwest Baltimore City. Surrounding neighborhoods include New Southwest/Mount Clare and Mill Hill. The property is situated off of Wilkens Avenue which hosts many restaurants, shops and other entertainment options. Local employers include Saint Agnes Hospital, Bon Secours Hospital and Horseshoe Casino. Commuters have a variety of options, including multiple bus routes on Wilkens Avenue, Route 40 for east/west travel and I-95 for north/south travel.
For more information, please see:
Neighborhoods – livebaltimore.com
Lot – 12′ x 58’6″, more or less. Plat
All public utilities
Two story inside group townhome. According to public tax records, the property was constructed in 1915. The property contains living room, dining room and kitchen, on first floor; two bedrooms and bathroom, on second floor; unfinished basement. The home is currently rented for $980/month. Tenant is in arrears.
$36 ground rent payable in semi-annual installments on 1/1 and 7/1 (unregistered); sold free and clear of liens.
Published annual real estate taxes are $542.80, based on a full value assessment of $23,000.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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. All adjustments, including taxes, rents, 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 settlement and assumed thereafter by the purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases 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. 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. A 5% buyer’s premium will be added to the final bid price.