Go Back WednesdayApril 5, 2017 — 11:00am
**Opening Bid $25,000** Brick Porchfront End-of-Group Townhome Located in the "Belair-Edison" Area of Baltimore City
2867 Lake Ave. Baltimore, MD 21213
Location: On the Premises
** Opening Bid $25,000 **
Exceptional opportunity to purchase a brick porch front end-of-group town home with parking located in the "Belair-Edison" area of Baltimore City.
The home is currently tenant occupied. The monthly rent is $850 and the tenant is responsible for paying the utility and water bills.
The first floor of the home includes a living room, dining room and kitchen.
The second floor includes three bedrooms and a full bathroom.
The basement is full, unfinished, and includes laundry, storage, and a flush.
Heat for the building is provided by a gas fired hot water radiator system.
Typical finishes found in the home include: wood floors, and drywall walls and ceilings.
Do not miss this one!
Ground Rent: Annual Ground Rent of $90
10 % BUYERS PREMIUM ADDED TO THE HAMMER PRICE
Summary of Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $2,500 is due at the time and place of sale. The difference to bring the deposit up to 10% is due 2 business days after the sale in the auctioneer's office. If payment of the additional deposit or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Settlement is 45 days from the sale date. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of settlement and assumed thereafter by the purchaser. Cost of all documentary stamps, settlement costs and transfer taxes to be paid by the purchaser. provided, however, that if the Property is improved residential real property, and if Buyer is a first time Maryland homebuyer as defined in MD Tax Property Code §13-203(b), as from time to time amended, who will occupy the Property as Buyer's personal residence, then Seller shall pay the state transfer tax of 0.25% to the extent required by law. The property will be sold in "As is" condition without express or implied warranty as to the nature and description of the improvements. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.
NOTE: Alex Cooper Auctioneers is acting as agent for the Owner in this transaction. Alex Cooper Auctioneers is not acting as agent for the successful bidder. Any buyer-broker is acting as an agent for the successful bidder and is not a sub-agent of Alex Cooper Auctioneers.
**NOTICE TO BUYER: IF YOU ARE CONTEMPLATING FINANCING FOR THIS PURCHASE,APPLICATION MUST BE MADE WITH A LENDER AND TITLE COMPANY NO LATER THAN SEVEN (7) DAYS FROM THE DATE OF THIS SALE.
The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.