ABSOLUTE AUCTION ABOVE $100,000 "Reservoir Hill" Shell Apartment Building Formerly Zoned for 12 Units

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Listing Details

Sold Price
$145,000
Auction Date
Auction Time
2:00 PM
Address
2517 Linden Avenue, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Reservior Hill
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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- ABSOLUTE REAL ESTATE AUCTION -
TO THE HIGHEST BIDDER OVER $100,000
(Property Assessed for $546,800)
                                                    
RESERVOIR HILL
   - Very Close to Druid Lake -   

SHELL APARTMENT BUILDING
Formerly Containing 12 Units

Sale on Premises
2517 LINDEN AVENUE
Corner of Brooks Lane
Baltimore, Maryland 21217

THURSDAY, MARCH 25, 2010
AT 2:00 P.M.


        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.  DIMENSIONS AND SQUARE FOOTAGE CONTAINED HEREIN ARE MORE OR LESS.

LOCATION & DIRECTIONS:

Reservoir Hill is a centrally located and historically prominent Baltimore City neighborhood. The area is characterized by unique building styles, large homes, well landscaped parks and great access to the city center. Proximity to the Maryland Institute College of Art (MICA), the University of Baltimore, Druid Hill Park and many of the entertainment hubs of the city, has made Reservoir Hill a target for sustained historical preservation and home-ownership. Large employers are nearby, including the State of Maryland, Baltimore City, Social Security and numerous hospitals.


The 2500 block of Linden Avenue is short, with only two buildings on the surrounding block. The most proximate properties are stately mid and low rise apartment buildings, with a number of condominium conversions and home-owner oriented attached houses nearby. Druid Lake and Druid Hill Park are just two blocks away.

For directions from your location, visit: maps.google.com


For more information on Reservoir Hill, please visit:
http://www.livebaltimore.com/neighborhoods/list/reservoirhill/
and
http://www.reservoirhill.net/

 

SITE AREA

Rectangular lot comprising 7,320 square feet. The property fronts 61' along Linden Avenue, with a depth of 120' along Brooks Lane.


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Substantially built three story brick building with six covered front porches and rear fire escape, comprising a total of 10,212 square feet. The interior has been gutted, and all windows removed. The property requires full rehabilitation.


Proposed Architectural Floor Plans (pdf)

 

ZONING

R-9 residential, vacant. Application to renew 12 unit classification has been made, and is believed to have been approved. Prospective purchasers are encouraged to check with Baltimore City Zoning at (410) 396-4126 to confirm the status.

 

REAL ESTATE TAXES

Published real estate taxes for the 2009 tax year were $9,306, based on a full value assessment of $391,000. The 2010 assessed value is published as $546,800. It is likely that a reduction would be possible, based on a purchase price substantially less than the assessment. Check with Maryland SDAT for details. http://www.dat.state.md.us/

 

TITLE

In fee simple. Sold free and clear of all liens. Deed Liber FMC 7231, folio 481.

 

INSPECTION TIME

By appointment and 1:00 p.m. on the day of the auction.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $10,000 will be required of the purchaser at time and place of sale.  The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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.  Taxes and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Seller,  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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.


NO BUYERS PREMIUM!


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)