REAL ESTATE AUCTION

  BOLTON HILL  
LANDMARK PROPERTY

Former Church /Synagogue Building
Suitable for Redevelopment




Sale On Premises
1311 BOLTON STREET
Off 230 W. Lanvale Street
Baltimore, MD 21217

FRIDAY, JANUARY 14, 2005
AT 2:00 P.M.
(Inspection 1:00 P.M.)



GENERAL INFORMATION

       Impressive Stone Building, Circa 1870 , was formerly occupied by the Reformed Episcopal Church, Brown Memorial Presbyterian Church and the Bolton Street Synagogue. The auction presents an unique opportunity to purchase a well known Bolton Hill edifice suitable for a variety of uses. The site fronts on two streets potentially allowing off-street parking.


LOCATION:

Bolton Hill is located in northwestern Downtown Baltimore, near the City's Cultural Arts Center, Maryland Institute College of Art and University of Baltimore. 1311 Bolton Street is situated on one of Bolton Hill's premier blocks, consisting of architecturally distinct, restored brick townhomes. Light rail service is within walking distance.

LOCATION MAP

NEIGHBORHOOD PHOTOS

Directions - From Jones Falls Expressway (I-83 South) Exit 6 cross over North Avenue and continue on Mt. Royal Avenue to Lanvale Street. Turn right on Lanvale Street three blocks to Bolton Street and right to property on right. For directions from your location, visit:
http://www.mapquest.com/directions/main.adp.

SITE:

Rectangular lot, situated on the northeast side of Bolton Street, fronting 60' by a depth of 150'4.5" to Jenkins Alley. The building is located towards the front of the site. With access from Jenkins Alley, a potential parking lot could be created in the rear. At present, the rear yard is used as a playground. The site is level and clear.

BLOCK PLAT

EXTERIOR PHOTOS

TITLE:

In fee simple. Deed Liber 4109, Page 16. The property is sold free and clear of liens, with good and marketable title.

IMPROVEMENTS:

Stone church building, approximately 40' x 80', with gabled slate roof, marble steps, arched windows, wood fence and brick sidewalk. The building is constructed on a full basement foundation with interior and exterior entrances. The first floor contains an open sanctuary with wood beamed ceiling, raised pulpit and rear room. Basement contains rest room, offices and storage. Gas forced hot air heat and central air conditioning on first floor.

INTERIOR PHOTOS

UTILITIES:

Public water, sanitary sewer, gas, electricity and telephone service are in the site.

ZONING:

R-7, residential

TAX INFORMATION:

2004 Real Property Taxes - $6,273
The property may be eligible for additional City and/or State Historic Restoration and Rehabilitation Tax Credits. Prospective purchasers are encouraged to perform their own due diligence regarding the permitted uses of the site.

TERMS OF SALE:

A $25,000 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 within 45 days. If payment of the 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 an 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; dimensions contained herein are more or less. Purchaser assumes the risk of loss from the date of sale forward. Recordation costs and transfer taxes to be paid by the purchaser. Time is of the essence.

BROKER
PARTICIPATION:


Click here for the Broker Registration Form.



ADDITIONAL PHOTOS


Neighborhood





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Exterior





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Interior





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