"Federal Hill"

Office-Residential Condominium Unit
637+/- Sq. Ft., Zoned OR-2
The Federal Hill Atrium Condominium
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Listing Details

Sold Price
$70,000
Auction Date
Auction Time
2:00 PM
Address
723 S. Charles Street, Unit LL1, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Federal Hill
Inspection
The property will be open by appointment.
Please click the above link to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive inspection instructions via email. Inspection requests are normally answered Monday-Friday 9 am-4 pm.
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 -

FEDERAL HILL

OFFICE-RESIDENTIAL
CONDOMINIUM UNIT
637± Sq. Ft. ◆ Zoned OR-2

Sale On Premises
723 S. CHARLES STREET
UNIT LL1
The Federal Hill Atrium Condominium
Just North of E. Montgomery Street
Baltimore, MD 21230

THURSDAY, DECEMBER 15, 2016
AT 2:00 P.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:
The Federal Hill Atrium Condominium is situated at the southeast corner of Charles and Hughes Street in the Federal Hill neighborhood of Downtown Baltimore, one block west of the Inner Harbor. The neighborhood is a mixture of residential and commercial land uses, including condominium apartments, townhomes, office buildings and storefronts. The proximity to the Downtown business district and convenient public transportation, make the neighborhood attractive to area residents. Originally one of Baltimore’s Renaissance neighborhoods, Federal Hill is a community unto itself, with strong neighborhood associations and pride in ownership.

For more information on Federal Hill:
http://livebaltimore.com/neighborhoods/federal-hill
http://www.federalhillonline.com/history.htm
https://en.wikipedia.org/wiki/Federal_Hill,_Baltimore

CONDOMINIUM BUILDING:
The Federal Hill Atrium Condominium is a three story brick freestanding Colonial-style building, constructed in 1982. The building is configured around a central atrium with access from Charles Street and a rear alley. A public parking lot adjoins the property in the rear. Ample on-street parking surrounds the property. Monthly condominium fee for Unit LL1 is $220/month. Condominium Documents

UNIT LL1:
637 square feet - open room with drywall and carpeting, florescent lighting, window, rest room, electric heat pump and central air conditioning. The unit is located on the lower level of the building, was formerly used as a computer data center, and is suitable for office or residential use.

TAXES:
Published annual real estate taxes are $2,448.90, based on a full value assessment of $109,100. 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 unit will be sold free and clear of liens. Baltimore City Deed Liber 17895, folio 280.

TERMS OF SALE:
A $5,000 deposit, payable by 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 contract to date of settlement. All adjustments, including taxes, condominium fee, 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 contract 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 contract forward. Purchaser agrees to waive any right of rescission under Maryland Condominium Law, if applicable, having reviewed the condominium declaration and by-laws in advance of the auction.  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 except where otherwise mandated by local, State or Federal law. Time is of the essence.

No buyer’s premium.