"Charles Village Area - Harwood"

Mixed-Use Building
3 Apartments & Office
Off-Street Parking - Zoned OR-2
9558.jpg

Listing Details

Sold Price
$94,000
Auction Date
Auction Time
1:20 PM
Address
352 E. 25th Street, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Charles Village Area, Harwood
Inspection
The property will be open at 12:30 p.m. on the day of the auction.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTION

CHARLES VILLAGE AREA

“Harwood”

MIXED-USE BUILDING
3 Apartments & Office
Off-Street Parking - Zoned OR-2

Sale On Premises
352 E. 25TH STREET
Corner Barclay Street
Baltimore City, MD 21218

WEDNESDAY, MAY 4, 2016
AT 1:20 P.M.

- Suggested Opening Bid: $35,000 -

    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:
352 E. 25TH Street is located in the Harwood neighborhood in north central Baltimore City. Surrounding neighborhoods include Charles Village, Barclay, Abell, Old Goucher College and Better Waverly. The area has seen significant development over the last several years. The Station North Arts and Entertainment District, to the south, has seen the construction and renovation of education buildings, theaters, restaurants and shopping centers. Remington, to the west, has seen rapid growth fostered by mixed use projects, business incubation concepts and numerous residential renovations. North Calvert Green, a public-private development initiative immediately south of the property, has renovated and sold dozens of residential properties. The 25th Street corridor has always been home to a great variety of commercial enterprises, homes and apartments. The auction presents an opportunity to capitalize on the great progress in the area, with a building suitable for any number of uses.

For more information, please see:
http://www.livebaltimore.com/neighborhoods/

SITE:
Four sided lot - 17' front, depths of 87' and 105', and a rear lot line of 24'9".

Curb-cut on Barclay Street

Off-street parking for 2-3 vehicles

Zoned OR-2, Office Residential
For more information, see the Baltimore City Zoning Code

IMPROVEMENT DESCRIPTION:
Three story end-of-group building - according to public tax records, the building was constructed in 1900, contains 1,836 square feet above grade and 612 square feet of mostly finished basement space. The building is currently arranged for individual apartments on the first, second and third floors, with an office in the lower level. The apartment units have been partially updated, with various levels of renovation or completion required.

Exterior
Stucco and siding exterior
Rubberoid roof (2006)
Mixed windows
Aluminum down spouts and rain gutters
Front, side and rear entrances
Steel fire escape (rear)

Interior

First Floor Apartment

  • Kitchen
  • Living room - hardwood floor
  • Bedroom or den (no closet)
  • Bedroom
  • Full bath - ceramic tile floor

Second Floor Apartment

  • Kitchen - laminate floor
  • Living room - laminate floor
  • Bedroom - carpet
  • Bedroom
  • Full bath - ceramic tile floor

Third Floor Apartment

  • Gutted and framed
  • Arranged for kitchen, living room, bedroom and bath

Basement Office

  • Finishes are drywall and ceramic tile floor. Arranged for 3 rooms and powder room.

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $3,328.38 based on a full value assessment of $141,033. 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 the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

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

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

TERMS OF SALE:
A $2,500 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, 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 agrees to waive the right of inspection for lead paint, as provided under current Federal and State law.  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!