ABSOLUTE AUCTION ABOVE $50,000 Historic Baltimore Restaurant Building "The Yellow Bowl"

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Listing Details

Sold Price
$50,000
Auction Date
Auction Time
2:00 PM
Address
1234-1236 Greenmount Avenue, Baltimore, MD, 21202
County
Baltimore City
Neighborhood
Johnston Square
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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 ABSOLUTE
ATTORNEY'S AUCTION

To the Highest Bidder Above $50,000

HISTORIC BALTIMORE
RESTAURANT BUILDING

"The Yellow Bowl"

Sale On Premises
1234-1236
GREENMOUNT AVENUE

Off 500 E. Preston Street, "Johnston Square"
Baltimore, MD 21202

WEDNESDAY, AUGUST 18, 2010
AT 2:00 P.M.


        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 & DIRECTIONS:

The Yellow Bowl was Baltimore's first well known "soul food" restaurant.  Operated for years by the Fullard family, the Yellow Bowl was known for its hearty breakfasts, excellent ribs, barbecue and home-style southern cuisine.  The property is located in east Baltimore, adjacent to the redeveloped Johnston Square Apartments.  The neighborhood is close to Downtown Baltimore and the Johns Hopkins Hospital Complex.

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

 

SITE AREA

The property is comprised of two adjacent lots, each 18' x 120', fronting 36' along Greenmount Avenue and comprising approximately 4,320 square feet.  The buildings cover the entire site.


All public utilities are in the property.


Zoning B-2-3, Community Business District


BLOCK PLAT (pdf)

 

IMPROVEMENTS

2 - adjoining two story brick buildings, interconnected and now comprising a free-standing structure.  The buildings comprise more than 5,000 square feet of gross building area.  The first floor contains two dining areas, two commercial kitchens, preparation room, large storage area, walk-in cooler;  separate entrances for upper level former apartments.  Stainless steel restaurant equipment is included in the auction.  The buildings need remodeling.

 

REAL ESTATE TAXES

Published 2010 real estate taxes -


1234 Greenmount Avenue - $3,658.06, based on a full value assessment of $213,200

1234 Greenmount Avenue - $3,507.31, based on a full value assessment of $204,600


Baltimore City will reconsider the assessed value of the property based on its updated sales price, greatly reducing the annual taxes.

 

TITLE

The property will be sold free and clear of liens.  1234 Greenmount is in fee simple.  1236 Greenmount is subject to a $31.50 annual ground rent.  Deed Liber 3390, Page 638.

 

INSPECTION TIME

From 1:00 p.m. on the day of sale.

 

TERMS OF SALE

A $5,000 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, 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.  Purchaser assumes the 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.  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.  Time is of the essence.


No buyer's premium.


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)


Auction by order of:
Venise Steeple, Attorney-in-fact for Youman Fullard