"Lakeland"

 REAL ESTATE AUCTION 

– $20,000 Suggested Opening Bid –

TWO STORY TOWNHOME

Sale On Premises
2504 SOUTHDENE AVENUE
Baltimore City, MD 21230

WEDNESDAY, MAY 17, 2017
AT 11:00 A.M.

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:
2504 Southdene Avenue is located in the Lakeland neighborhood of southern Baltimore City. The neighborhood is near Patapsco Avenue, Hollins Ferry Road, Hammonds Ferry Road, Caton Avenue, Washington Boulevard, the Baltimore Washington Parkway and I-95. Shopping, dining, neighborhood services and public transportation are along Patapsco Avenue and Washington Boulevard. Surrounding homes are comprised predominantly of brick townhomes constructed in the late 1950’s.

For more information, please see:
https://livebaltimore.com/neighborhoods/lakeland

SITE:
Rectangular lot 16′ x 100′
Public utilities
Zoning R-6, residential

IMPROVEMENTS:
Two story brick inside-group townhome, constructed in 1958 and containing 1,024 square feet, according to public tax records. The home has a flat built-up roof, vinyl-clad replacement windows and is constructed on a slab at grade. First floor contains a living room and eat-in kitchen; second floor has 3 bedrooms and bath; gas forced air heat. The house is clean and vacant.

TITLE:
The property is sold free and clear of liens, subject to an annual $90 ground rent. Baltimore City Deed Liber 16121, folio 469.

TAXES:
Published annual real estate taxes are $1,990, based on a full value assessment of $91,300. 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 $3,000 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 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.