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REAL ESTATE AUCTION
c. 1930 Tudor Style
4 Bedrooms ◆ 2.5 Baths ◆ Garage
Sale On Premises
507 E. 39th STREET
Baltimore, MD 21218
THURSDAY, NOVEMBER 2, 2017
AT 11:00 A.M.
– Suggested Opening Bid: $40,000 –
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.
507 E. 39th Street is located in the Waverly neighborhood in north Baltimore City. Surrounding neighborhoods include Ednor Gardens-Lakeside, Oakenshawe and Guilford. The conveniently located home is just a short distance from major Baltimore universities, including Johns Hopkins, Loyola University of Maryland, Notre Dame of Maryland University and Morgan State University. Downtown Baltimore is approximately 2.5 mile south, and Towson is approximately 3.5 miles to the north. Shopping, dining, community services, public transportation and the Waverly Farmer’s Market are all within close proximity.
For more information about the area, please see:
Rectangular lot 42’4″ x 111’2″, more or less
Fenced rear yard
2 car garage
Concrete parking pad (space for 2 cars)
Zoning R-6, Residential
All public utilities
Two and one-half story semi-detached home – constructed in 1930, containing 1,776 square feet of living area and 788 square feet of basement space. The home features a stately stone and stucco facade, slate roof and is arranged as follows:
Basement/Mechanicals (full unfinished)
Washer, dryer, sink
40 gallon gas water heater
The property is in fee simple; and is being sold free and clear of all liens.
Published annual real estate taxes are $3,169.48 based on a full value assessment of $134,300. 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:
A $5,000 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 shall be responsible for obtaining physical possession of the property and 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!