"Reservoir Hill - National Historic District"

Three Story Apartment Building
Arranged for 8 Units
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Listing Details

Sold Price
$156,000
Auction Date
Auction Time
12:15 PM
Address
2427 Callow Avenue, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Reservoir Hill National Historic District
Inspection
The property may be inspected one hour prior to the auction.
The property is also available to inspect prior to the auction. 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

RESERVOIR HILL
National Historic District

Three Story
APARTMENT BUILDING
- Arranged for 8 Units -

Sale On Premises
2427 CALLOW AVENUE
Near Druid Park Lake Drive
Baltimore City, MD 21217

WEDNESDAY, JULY 26, 2017
AT 12:15 P.M.

- Suggested Opening Bid: $50,000 -

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:
2427 Callow Avenue is located in the Reservoir Hill National Historic District in Baltimore City. Reservoir Hill is situated immediately west of the Jones Falls and I-83, between Druid Hill Park and Bolton Hill. Reservoir Hill features impressive architecture and excellent access to the City’s attractions. Nearby Druid Hill Park features the National Zoo in Baltimore, Druid Lake, ballfields, walking trails, sculptures and a number of annual music and cultural events throughout the year. The Maryland Institute College of Art (MICA) and University of Baltimore are a short distance southeast. Public transportation is ample, with light rail service within close proximity, Penn Station about 1.5 miles southeast and bus service within walking distance. Reservoir Hill is at the center of Innovation Village, a large scale project focused on community engaged development, innovation and business growth. The first major project for Innovation Village is at the southwest corner of the neighborhood.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/reservoir-hill/
http://www.innovatebaltimore.org/

SITE:
Rectangular lot - 54' x 106', more or less

Steel fire escape

Rear concrete parking area for 4-5 cars. Potential for more.

Zoned R-7, residential, vacant. According to Baltimore City Zoning, a hearing would be required for 6 units. An application only would be required for 5 units.
For more information about zoning, please visit:
http://planning.baltimorecity.gov/programs/transform-baltimore

IMPROVEMENTS:
Three story brick free-standing apartment building constructed in 1930, according to public tax records. Tax records state the building contains 6,882 square feet. Building drawings state the building contains 6,150 square feet of floor area above grade, and 1,880 square feet of basement space. The stately building features large covered front porches, brick architectural detail, decorative cornice and steel fire escape. The building is currently arranged for 8 units, with two units in the basement. The current owner developed a concept plan and drawings for 6 two-bedroom, 950 square foot self-contained units, with each unit featuring a balcony and in-unit laundry. Please complete the confidentiality form for a copy of the concept drawings.

Note: The property is in need of complete renovation, and is being sold subject to a Baltimore City Vacant House Notice.

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

TAXES:
Current published annual real estate taxes are $2,435.52, based on a full value assessment of $103,200.

TERMS OF SALE:
A $7,500 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 contract to date of settlement. All adjustments, including taxes, ground rent, 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. The property is being sold subject to Baltimore City Code Violation Notice and Order Notice Number 1198077A, any other vacant house, code violation, nuisance abatement and any code enforcement action, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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!