"Coldstream-Homestead-Montebello"

REAL ESTATE AUCTION

Two Story Porchfront
BRICK TOWNHOME
-Certified Lead Free-

Sale On Premises
2938 HARFORD ROAD
Baltimore, MD 21218

THURSDAY, JUNE 22, 2017
AT 11:45 A.M.

– Suggested Opening Bid: $20,000 –

      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:
2938 Harford Road is located in the Coldstream-Homestead-Montebello neighborhood in northeast Baltimore City. Johns Hopkins University and Morgan State University are each approximately 2 miles away. Lake Montebello and Clifton Park are within walking distance, and the property overlooks Clifton Park Golf Course. Public transportation is available on Harford Road. Nearby properties are comprised predominantly of brick townhomes.

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

For more information about area schools, please visit:
http://www.baltimorecityschools.org/

SITE:
Lot size: 16′ x 125’4″, more or less

Street parking

Zoning R-8

All public utilities

IMPROVEMENT DESCRIPTION:
Two story inside-group, covered porchfront brick townhome – according to public tax records, the home was constructed in 1920. The home is believed to contain 2,000 square feet of living area and 1,004 square feet of basement space. The home features new electric service/breaker, an updated water service line, roof coat, waterproofed basement, and is believed to contain 7 rooms (4 bedrooms), 1.5 baths and an unfinished basement. The home was formerly rented for $1,600/month. MDE Lead Free Certificate. The home is in turn-key rental condition.

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $1,656.72, based on a full value assessment of $70,200. 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

TITLE:
$96 annual ground rent (due in semi-annual installments on 5/20 & 11/20); and sold free and clear of liens.

TERMS OF SALE:
A $2,500 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, 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. 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. 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. Time is of the essence.

No Buyer’s Premium!