REAL ESTATE AUCTION
- Downtown Baltimore -


RIDGELY'S DELIGHT
National Historic District

2 - THREE STORY
BRICK TOWNHOMES

Currently Arranged for Apartments - Remodeling Required

Sales On Premises
649 & 671
WASHINGTON BOULEVARD

Between Greene Street & MLK, Jr. Boulevard
Baltimore, MD 21230

THURSDAY, OCTOBER 6, 2005
AT 2:00 P.M.


LOCATION:

649 and 671 Washington Boulevard are located one block south of the University of Maryland at Baltimore Campus, one block west of Oriole Park at Camden Yards, two blocks west of the Baltimore Convention Center and three blocks west of Baltimore's Inner Harbor attractions. This historic tree-lined block features brick walks, extensively renovated homes and converted apartment buildings. The properties are situated in a Registered National Historic District, providing an opportunity for historic tax credits.

Link to neighborhood description:
http://www.livebaltimore.com/nb/list/ridgelys/

LOCATION MAP & DIRECTIONS

BLOCK PLAT


649 WASHINGTON BOULEVARD
Very Large Townhome



       Three story brick inside-group townhome, contains a living room, dining room, parlor, den, full bathroom, eat-in kitchen, laundry/utility room and rear courtyard on the first level; 3 rooms, eat-in kitchen, bath and porch, on the second floor; 1 room, eat-in kitchen and bath, on the third floor; unfinished basement; oil hot water heat; remodeling required

       Lot size 14'8" x 131', more or less
       Annual $45 ground rent
       Zoning R-9 - registered as two apartment units
       2005 Real Property Taxes - $3,315.49
       The home is vacant.


671 WASHINGTON BOULEVARD
Townhouse and Carriage House

FRONT OF HOUSE      EAST VIEW FROM DECK      SOUTH VIEW FROM DECK

       Three story brick inside-group townhome, contains a living room with brick fireplace, dining room with ceiling fan, kitchen with brick floor, family room and shower bath, on the first floor; 3 bedrooms, loft hallway and bath, on the second floor; bedroom shower bath and roof deck on the third floor; basement has front outside entrance and contains an efficiency apartment and unfinished storage area; gas forced hot air heat; central air conditioning; some remodeling is required. Roof Deck has view of Oriole Park and M&T Bank/Ravens Stadium.

       Attached one story carriage house in rear, known as 634 Eislen Street, has a living room, dining room, kitchen and bath on the first level; bedroom loft above; electric baseboard heat, window air conditioner; brick patio.

       Lot size 12'6" x 171', more or less
       In fee simple
       Zoning R-9 - registered as a single family home
       2005 Real Property Taxes - $3,147.47
       The property is currently rented for $2,500/month for the main home
       and $600/month for the basement - on a month-to-month basis



TERMS OF SALE

       A $20,000 deposit on each property, 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, ground rent, 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, AND SUBJECT TO EXISTING ZONING. 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. 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 and transfer taxes to be paid by the purchaser. A 5% buyers premium will be added to the final bid price. Time is of the essence.

       Broker participation is invited. Click here for the Registration Form.