- Law Offices of -
Sharon King Dudley, P.A.
1609 St. Paul St., Baltimore, MD 21201

ATTORNEY'S AUCTION

MOUNT VERNON
HISTORIC DISTRICT

LARGE TOWNHOUSE SHELL
Formerly Containing 10 Rooming Units
Zoned OR-3 - Office/Residential

Photo of

Sale On Premises
222 W. MONUMENT STREET
Between Park Avenue & Howard Street
Baltimore, MD 21201

THURSDAY, JUNE 14, 2007
AT 2:00 P.M.


       NOTE: The information contained herein has been obtained from sources deemed reliable and believed to be accurate. However, no express or implied warranty is made as to the accuracy of these representations. Prospective purchasers are encouraged to consult with the appropriate government authorities regarding the permitted uses of the property and perform their own due diligence in advance of the auction. All dimensions, square footage and acreage contained herein are more or less.

LOCATION:

222 W. Monument Street is situated in the Mount Vernon Historic District of Downtown Baltimore, as designated by the Commission for Historical & Architectural Preservation. Mount Vernon is Baltimore's cultural arts hub, featuring theaters, concert halls, art museums, art galleries, restaurants and specialty shops. University of Baltimore and Peabody Conservatory of Music are in the neighborhood. University of Maryland hospital and professional campus are a short walk to the south. Public transportation includes MTA light rail, subway and bus service. Pennsylvania Station (Amtrak and MARC trains) is also within walking distance. In addition to Downtown employment centers, the area is near I-83 (Jones Falls Expressway), I-395 leading to I-95 and US-40, providing excellent highway linkage to the Baltimore and Washington metropolitan areas.

Detailed neighborhood description:
http://www.livebaltimore.com/nb/list/mtvern/

LOCATION MAP

SITE:

Inside lot 20' x 108', more or less

BLOCK PLAT

BUILDING:

Three story inside-group brick townhome with basement. According to public tax records , the building was constructed circa 1840 and contains 4,150 square feet of living area. The structure needs rehabilitation.

ZONING:

OR-3, office-residence district, provides potential for residential, including apartments and/or office uses. According to the Baltimore City Zoning Office, the last registered use was for 10 rooming units.

For more information, see the Baltimore City Zoning Ordinance (pdf).

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TITLE:

In fee simple. The property is sold free and clear of liens.

TERMS OF SALE:

A $15,000 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. 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, their Attorneys, 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. Note - The Seller's Attorneys have recently completed a title update of the property. Purchaser shall have the option of using the Seller's Attorneys' title company to conduct settlement or paying a $500 document review fee to the Seller's Attorney.

NO BUYER'S PREMIUM.

Broker participation is invited.
BROKER REGISTRATION FORM