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REAL ESTATE AUCTION
– Currently Rented for $820/Month –
Sale On Premises
2006 PRESBURY STREET
Near N. Payson Street
Baltimore City, MD 21217
TUESDAY, APRIL 24, 2018
AT 12:15 P.M.
– SUGGESTED OPENING 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.
2006 Presbury Street is located in the Easterwood neighborhood in West Baltimore. Easterwood is located immediately east of Coppin State University. Metro service is within about 5 blocks, and the West Baltimore MARC train station is about 1.5 miles south of the property. The property sits opposite Henson Elementary School. Other surrounding properties are comprised predominantly of brick townhomes.
Lot size: 14′ x 100′, more or less
All public utilities
Zoned R-6, Residential
Two story brick inside-group covered porchfront townhome – the home was constructed in 1915, according to public tax records. The home features a new rubberoid roof (2017), new skylight (2017), replacement windows, MDE lead certificate and arranged as follows: living room, dining room and kitchen, on the first floor; three bedrooms and bath, on the second floor; full basement with laundry and utility area. Currently rented for $820/month, on a month to month lease.
Current annual real estate taxes are $495.60 based on a full value assessment of $21,000
In fee simple; sold free and clear of liens.
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. Deposit funds shall be held by A. J. Billig & Co., LLC. 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, ground rent, 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. 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!