Absolute Above $250,000 - "Bolton Hill National Historic District"

Apartment Building with 7 Self-Contained Units
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Listing Details

Sold Price
$253,000
Auction Date
Auction Time
11:00 AM
Address
1704 Eutaw Place, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Bolton Hill National Historic District
Inspection
Available for inspection by 10:00 a.m. the day of the auction only. Call 410-296-8440, or email info@ajbillig.com for additional information.
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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★ ABSOLUTE AUCTION ★
To The Highest Bidder Above $250,000

BOLTON HILL
National Historic District

APARTMENT BUILDING
★ 7 Self-Contained Units ★
(Partially Fire Damaged)

Sale On Premises
1704 EUTAW PLACE
Off 300 Laurens St.
Baltimore City, MD 21217

WEDNESDAY, APRIL 22, 2015
AT 11:00 A.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:
As described by LiveBaltimore.com:

"Bolton Hill is an historic district listed on the National Register of Historic Places. It is an urban neighborhood of tranquil, tree-lined streets lined with an outstanding collection of restored mid to late 19th century townhouses, urban mansions, churches, and public buildings. Bolton Hill is peppered with quaint urban parks, historic fountains, and grand monuments that complement the period architecture. There are also several award-winning modern town home enclaves tucked away amidst the historic homes. Most homes contain plots of exterior space set out as hidden retreats or formal gardens that combine with the elegant buildings to make Bolton Hill an urban retreat in the city. In addition to the physical structure, Bolton Hill has a fascinating mix of residents of all age groups, races, religions, ethnic backgrounds, and lifestyles, making it one of the most diverse and accepting neighborhoods in Baltimore."

SITE:
Rectangularly shaped lot fronting 21' x 130', more or less

Rear parking pad

Public water and public sewer

IMPROVEMENT DESCRIPTION:
Stone and brick three story apartment building, comprising 5,532 sq. ft., plus 1,784 sq. ft. of basement area (according to SDAT tax records) and features ornate fireplaces and exquisite detail, high ceilings, hardwood flooring and stained glass windows.   The building is arranged for 7 self-contained apartment units.  All of the apartment units have their own gas forced hot air furnaces and central air conditioning, 4-burner range/ovens and refrigerators. Most units have two ornate (non-working) fireplaces.  All tenants are month-to-month.  The units are described as follows:

1st Floor Front - Efficiency

  • Living Room - mantled fireplace
  • Kitchen
  • Bedroom Area
  • Full Bathroom

Rented for $550 per month
 

1st Floor Rear

  • Living Room - wood inlaid mantled fireplace
  • Dining Room - fireplace
  • Kitchen
  • Bedroom
  • Full Bathroom
  • Sun Porch

Rented for $700 per month
 

2nd Floor Front - Fire Damaged

  • Living Room
  • Kitchen
  • Bedroom
  • Full Bathroom

Recent fire in the kitchen - needs total renovation
 

2nd Floor Rear

  • Living Room - fireplace
  • Kitchen
  • Bedroom - fireplace
  • Full Bathroom

Rented for $500 per month
 

3rd Floor Front

  • Living Room - fireplace
  • Kitchen
  • Bedroom - fireplace
  • Full Bathroom

Tenant is the building repairman (in lieu of rent)

3rd Floor Rear

  • Living Room - fireplace
  • Den
  • Kitchen
  • Bedroom
  • Full Bathroom
  • Enclosed Porch

Vacant - was rented for $700 per month
 

Basement

  • Living Room
  • Kitchen
  • Bedroom
  • Full Bathroom


Mechanical

  • Separate gas forced hot air furnaces for each unit

ZONING:
OR-2, office/residential.   The last permitted use according to the Baltimore City Office of Planning and Zoning is for 6 dwelling units.

For additional zoning information, please check with the Baltimore City Office of Planning and Zoning for complete potential and permitted uses for the property (410-396-4126) or visit: http://www.baltimorecity.gov/Government/CityCharterCodes.aspx

TITLE:
In fee simple.  The property is being sold free and clear of all liens and encumbrances.

REAL ESTATE TAXES:
Annual 2014-2015 Real Estate Taxes - $10,277 (based on a full value tax assessment of $435,467). 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.

INSPECTION:
Available for inspection by 10:00 a.m. the day of the auction only.  Call at 410-296-8440, or email info@ajbillig.com for additional information.

TERMS OF SALE:
Deposit payable by certified or cashier's check of $25,000 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 of the deposit or balance of the purchase price 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 sale to date of settlement.  Taxes, rents 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 subject to the rights of the existing tenants, and is being 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 the existing zoning, 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 Owners, 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 Owners are 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 Owners 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!