$10,000 Price Analysis   ♡   Baltimore, MD 21226 0 bed 0 bath 992 SqFt ($10/SqFt) Built 1956 Listed 2023-05-30 | Ⓧ USDA Ineligible due to location near Baltimore |
THE LEASEHOLD INTEREST IN ALL OF THAT real property being situate in Baltimore City
* Sale Pending *Maryland and the improvements thereon (collectively, the Property), being more particularly described in the Deed of Trust and generally known as 1414 Locust Street, Baltimore, Maryland 21226, which is subject to the annual ground rent of $90.00 payable half-yearly on the 1st days of January and July in each and every year. TERMS OF SALE: A deposit in the amount of Seven Thousand Dollars ($7, 000.00), payable in cash, certifie d check or other form acceptable to the Substitute Trustees, in their sole and absolute discretion, will be required of the purchaser(s) at the time and place of sale. The deposit must be increased to 10% of the purchase price within two (2) business days and delivered to the office of the auctioneer in the same form as the initial deposit. The balance of the purchase price shall be due in cash or by certified check with interest on the unpaid balance of the purchase price at the rate of ten percent (10%) per annum from the date of sale to and including the date of settlement. In the event the Noteholder or an affiliate thereof, is the successful bidder at the sale, such party will not be required to make a deposit or to pay interest on the unpaid purchase money. Taxes, water charges, ground rent, if any and all other municipal charges and liens owed against the Property shall be adjusted at settlement between the Substitute Trustees and the purchaser(s) to the date of the foreclosure sale. The Substitute Trustees reserve the right to reject any and all bids and to extend the time for settlement, if applicable.
The Property will be sold in an AS IS condition and without any warranties or representations, either express or implied, as to the nature, condition or description of the improvements. In addition, the Property will also be sold subject to all existing housing, building and zoning code violations, subject to all critical area and wetland violations, subject to all environmental problems and violations which may exist on or with respect to the Property nd subject to all matters and restrictions of record affecting the same, if any. The purchaser(s) at the foreclosure sale shall assume the risk of loss for the above-referenced Property immediately after the sale takes place. It shall be the purchaser(s) responsibility to obtain possession of the Property following ratification of the sale by the Circuit Court for Baltimore City, Maryland. The Property will be sold subject to all of the following that are not extinguished as a matter of law by the foreclosure sale: all easements, conditions, liens, restrictions, rights of redemption, covenants, encumbrances, ground rents, ground leases, such state of facts that an accurate survey or physical inspection of the Property might disclose and agreements of record affecting the same, if any. The purchaser(s) shall pay all documentary stamps, state and local transfer taxes, recordation taxes and fees, title examination costs, attorneys fees, conveyance fees and all other incidental settlement costs. The purchaser(s) shall settle and comply with the sale terms within twenty (20) days following the final ratification of sale by the Circuit Court for Baltimore City, Maryland, unless said period is extended by the Substitute Trustees for good cause shown. Time is of the essence. In the event the purchaser(s) fails to go to settlement as required, in addition to any other legal or equitable remedies available, the Substitute Trustees may, without further order of the court, declare the aforementioned deposit forfeited and resell the Property at the purchasers sole risk and expense. In such event, the defaulting purchaser(s) shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of both sales, reasonable attorneys fees, all other charges due and incidental damages. The parties respective
Presented by Adam Shpritz at
Ashland Auction Group Llc.
Property MLS #MDBA2087480 from BrightMLS
Heating: Yes
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directions Map directionsAnnual Tax Amount: 1960.0
Source Listing Status: Pending
County: BALTIMORE CITY
Disclaimer: Auction
Ownership: Ground Rent
Source Property Type: Residential
Area: BALTIMORE CITY
Property Subtype: townhouse
Source Neighborhood: CURTIS BAY
Postal Code Plus 4: 1249
Subdivision: CURTIS BAY
Source System Name: C2C
$10,000
BrightMLS
Year Built: 1956
Above Grade Finished Area: 992
Below Grade Unfinished Area: 496
Construction Materials: Brick
Property Age: 68
Levels or Stories: 2
Structure Type: Interior Row/Townhouse
House Style: Federal
Total Area Sqft: 1488
Total Below Grade Area: 496
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.