"Union Square National Historic District"

Three Story Brick Commercial Buildings
7,816 +/- Square Feet, Zoned B-3-2
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Listing Details

Sold Price
$110,000
Auction Date
Auction Time
11:00 AM
Address
1702-1706 W. Pratt Street, Baltimore, MD, 21223
County
Baltimore City
Neighborhood
Union Square National Historic District
Inspection
The property will be open 1 hour prior to the sale.
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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REAL ESTATE AUCTION
$50,000 Suggested Opening Bid

UNION SQUARE

National Historic District

Three Story Brick
COMMERCIAL BUILDINGS
7,816± Square Feet ◆ Zoned B-3-2

Sale On Premises
1702-1706 W. PRATT STREET
Baltimore, MD 21223

THURSDAY, SEPTEMBER 10, 2015
AT 11:00 A.M.

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.

LOCATION:
1702-1706 W. Pratt Street are interconnected buildings, located west of the 100 block of S. Mount Street and east of the 100 block of S. Fulton Avenue, in the Union Square neighborhood of west Baltimore.  As promulgated by LiveBaltimore.com:

"Union Square ZIP codes: 21223

Just nine-tenths of a mile from the finest baseball stadium in the land at Camden Yards, the Union Square/Hollins Market Historic District is sited on the rich historical ground of Southwest Baltimore known to locals as Sowebo. Named for the charming and graceful park that lies at its center, Union Square is an exceptional and diverse urban setting. Within its borders the colorful and storied history of 19th and 20th century Baltimore unfolds through distinctive architecture, historic markets, local museums, and longtime residents. The neighborhood is home to several art galleries, artist studios, and a bed and breakfast (The 1870 Guest House) that overlooks the square. An uncommon synergy prevails in the neighborhood as residents, both longstanding and newly arrived, work together through various committees and forums to enhance the area's quality of life. Toward that end, Union Square is also actively engaged in outreach with other nearby neighborhoods and non-profit groups. This historic neighborhood, one of Baltimore's friendliest, is marked by pre- and post-Civil War architecture, period street lamps, brick sidewalks and stately row homes. Walking tours of historic sites are available.The lifelong home of 'The Sage of Baltimore' H.L. Mencken, is at 1524 Hollins St. The Neighborhood Design Center, whose mission it is to assist in building better communities, is housed in the former No. 2 Pratt Library building (now beautifully restored) at 1401 Hollins St. Viva House, a Catholic outreach center is at 26 S. Mount St. The commercial district runs along W. Baltimore St. and is home to a wide variety of businesses. Much of the neighborhood is built on the former estate of Thorowgood Smith, a merchant and shipper who was also mayor of Baltimore from 1804 to 1808. In 1799 Smith built Willow Brook, a Palladian style villa popular in mid-18th century England and America. Falling on difficult times, Smith was forced to sell Willow Brook within a year and it then passed to his nephew, John Donnell. The land, comprising twenty-six acres in all, was then parceled out by Donnell's children for lots for the construction of new homes. Willow Brook's interior oval drawing room had long enjoyed local and national acclaim and it was moved intact to the Baltimore Museum of Art for permanent display. The estate house was acquired by Emily Caton McTavish, granddaughter of Charles Carroll (signer of the Declaration of Independence) She in turn, donated it to the Roman Catholic Church which modified and renovated the structure for use as a school for delinquent girls. In 1965 the school closed for good and its buildings were dismantled. The Steuart Hill Elementary School now stands on the site. The land for the one-block, two and a half acre park was donated to the city by the Donnell family in 1847."

Properties in Union Square are undergoing rehabilitation and are additionally desirable due to their proximity to the University of Maryland Professional Schools and Biotech Park.  Pratt Street is one-way eastbound at the properties and has regularly scheduled MTA bus service.

SITE:
Level, rectangular lot - 41' x 73'
All public utilities are available
The lot is entirely paved or improved

IMPROVEMENTS:
The property is improved by interconnected three story brick storefront buildings, formerly occupied by a furniture store.  According to public tax records, the structure contains 7,816 square feet of gross building area and was constructed in 1920, but may be much older.  The building has a flat built-up roof, double hung windows, and fire escape.  Portions of the building are in shell condition, others have been improved.

First floor comprises open areas and rest room.  Second floor has partitioned offices and 2 rest rooms.  Third floor has two open areas and skyline view.

The building has gas forced air heat, a gas overhead space heater on the third level and a roof mounted air conditioning system, which is inoperable.

TAXES:
Published annual real estate taxes are $3,415, based on a full value tax assessment of $144,100.

TITLE:
The property is sold free and clear of liens.  Baltimore City Deed Liber 16014, Folio 50.  1702 W. Pratt Street is subject to an annual $52.50 ground rent.  1704 W. Pratt Street is in fee simple.  1706 W. Pratt Street is subject to an annual $48.75 ground rent.

TERMS OF SALE:
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 sale to date of settlement.  All adjustments, including taxes, ground rents, 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 sale 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 assumes the 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 Auctioneers.  Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser.  Time is of the essence.

No buyer's premium.