Absolute Above $30,000 "Howard Park"

Former Kappa Alpha Psi Fraternity House, Zoned B-2-1, Suitable for Office, Retail or Home
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Listing Details

Sold Price
$90,000
Auction Date
Auction Time
1:15 PM
Address
4903 Liberty Heights Avenue, Baltimore, MD, 21207
County
Baltimore City
Neighborhood
Howard Park
Inspection
The property will be open at 12:30 p.m. on the day of the auction only.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Randall J. Craig, Jr., Attorney
711 St. Paul Street
Baltimore, MD  21202

★ ABSOLUTE AUCTION ★
To The Highest Bidder Above $30,000

HOWARD PARK

FORMER KAPPA ALPHA PSI
FRATERNITY HOUSE
2,150± Sq. Ft. ★ Zoned B-2-1

SUITABLE FOR OFFICE, RETAIL OR HOME

Sale On Premises
4903 LIBERTY HEIGHTS AVE.
Off 3600 Howard Park Ave.
Baltimore City, MD 21207

THURSDAY, SEPTEMBER 18, 2014
AT 1:15 P.M.

    NOTE:  The information contained herein has been obtained from sources deemed reliable and believed to be accurate.  However, no express or implied warranty is made as to the accuracy of these representations.  All dimensions contained herein are more or less.  

GENERAL INFORMATION

LOCATION:
The property is located in the Howard Park neighborhood of west Baltimore City, comprising of a mixture of traditional detached homes and townhomes, many of which have been renovated.  The commercial hub for the neighborhood is mainly along Liberty Heights Avenue.   The Baltimore Alumni Chapter of KAPPA ALPHI PSI, Inc. has occupied 4903 Liberty Heights Avenue for over 40 years and has recently moved to a new location.  MTA bus transportation runs along Liberty Heights Avenue and the MTA Subway line is nearby.

For more information about the Howard Park neighborhood, visit:
http://livebaltimore.com/neighborhoods/howard-park/#.U3Nl04FdVrM

SITE:
Rectangularly shaped lot measuring 53'4" front by 166' deep, more or less

Concrete multi-vehicle parking area

Public water and public sewer

IMPROVEMENT DESCRIPTION:
Attractive two story detached commercial building reportedly constructed in 1920 (according to SDAT tax records.), described as follows:

Exterior Features
Stucco, brick and clapboard siding
Asphalt shingle roof
Covered rear porches

First Floor

  • Entry Foyer
  • Enclosed Front Sun Porch
  • Main Room - brick wood burning fireplace and walk-out to rear covered porch
  • Bar Room - built-in bar and back bar with stainless steel 3-compartment sink, refrigerated reach-in bottle box
  • Rest Room

Second Floor

  • 2 - Living Rooms
  • 2 - Offices
  • Kitchen - 3 refrigerators, 4-burner gas range/oven
  • Full Bathroom

Walk-Up Attic

Basement

Mechanical

  • Gas hot water heat
  • Security alarm system

ANNUAL REAL ESTATE TAXES:
2013-2014 Annual Real Estate Taxes - $3,745 (based on a full value tax assessment of $146,700).  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 SDAT concerning the appeals process and may see the following link for helpful information: http://www.dat.state.md.us/sdatweb/appeal.html

TITLE:
In fee simple; sold free and clear of all liens

ZONING:
B-2-1, community business (could be used as retail, offices and/or residential).  Check with the Baltimore City Office of Planning and Zoning for complete potential and permitted uses for the property (410-396-4126) or visit: Baltimore City Zoning Code (pdf) 

INSPECTION:
At 12:30 p.m. on the day of the auction only.

TERMS OF SALE:
Deposit payable by certified or cashier's check of $5,000 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 office of the Auctioneers.  Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement.  Taxes and all other public charges and assessments, payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof.  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 Auctioneer.  The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. 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!