"Mount Vernon - Antique Row" Storefront Building Retail Space, 2 Rented Apartments, Rear Parking Lot

13441_howard877_front.jpg

Listing Details

Sold Price
$137,500
Auction Date
Auction Time
11:00 AM
Address
877 N. Howard Street, Baltimore, MD, 21201
County
Baltimore City
Neighborhood
Mount Vernon, Antique Row
Scroll down for Complete Details, including: property description and Terms of Sale.

Allan J. Gibber, Attorney
Neuberger, Quinn, Gielen, Rubin & Gibber, P.A.
1 South Street - 27th Floor, Baltimore, MD 21202

ESTATE AUCTION
                              
MOUNT VERNON
"Antique Row"


STOREFRONT BUILDING
Retail Space, 2 Rented Apartments
Rear Parking Lot



- And -
EXTENSIVE LAMP
& PARTS INVENTORY

Store Fixtures, Rolltop Desk
To Be Sold As An Entirety After Real Estate


Sale On Premises
877 N. HOWARD STREET
Off 200 W. Read Street, Opposite MD General Hospital
Baltimore, MD 21201

WEDNESDAY, FEBRUARY 25, 2009
AT 11:00 A.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 and square footage contained herein are more or less.

Real Estate

LOCATION & DIRECTIONS:

877 N. Howard Street is located on Baltimore's "Antique Row", a unique collection of antique, art and speciality stores.  Antique Row is situated on the western edge of Mount Vernon, a historic district of Downtown Baltimore, housing the city's cultural center.  Located within the neighborhood are theaters and concert halls, museums, shops, restaurants and office buildings.  Mount Vernon residences include Victorian townhomes and mansions, condominium units, walk-up and high-rise apartments.  Maryland General Hospital is located opposite the auction property.  MTA Light Rail service is along Howard Street.

Photos of auction property

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

Neighborhood description from Live Baltimore:

http://www.livebaltimore.com/nb/list/mtvern

 

SITE AREA

Comprised of two contiguous lots, known as 877 N. Howard Street and 888 Tyson Street, the property fronts 17'6" along the east side of N. Howard Street, by a depth of 167', and a rear lot line of 17'6" along Tyson Street.  The improvements front on Howard Street.  Several car parking is accessible from Tyson Street in the rear.

BLOCK PLAT (pdf)

Public water, sewer, gas, electricity and telephone are in the property.

 

IMPROVEMENTS

Three story brick inside-group storefront building, occupied by L.A. Herstein & Co. Lamp Sales, Parts and Repairs since approximately 1912.  According to public tax records the building was constructed in 1900 and contains 2,813 square feet of gross building area above grade.

Exterior
Front commercial entrance and show window
Separate front entrance for second and third floor apartments
Flat built-up roof, wooden double hung windows
Decorative iron balcony on second floor

Interior

Retail Store - first floor, part of second floor and basement storage;  tile floor, suspended ceilings, plaster and paneled walls; showroom, workshop, storage rooms, rest room
Photos of auction property
STORE PHOTO #1     PHOTO #2     PHOTO #3     PHOTO #4

Second Floor Apartment - kitchen, living room, bedroom and bath; same month-to-month tenant for the last 14 years; currently rented for $275/month

Third Floor Apartment - kitchen, living room, bedroom, bath; month-to-month tenant since January 2006; currently rented for $385/month

Photos of auction property
APARTMENT PHOTO #1     PHOTO #2     PHOTO #3     PHOTO #4

Mechanical
Gas hot water heat with radiators
30-gallon gas water heater
Separate electric meters for each unit
Security alarm

 

ZONING

B-5-1, Central Commercial District - Baltimore's highest commercial classification.  The property is currently registered as one retail store and two dwelling units.

Baltimore City Zoning Ordinance (pdf)

 

REAL ESTATE TAXES

877 N. Howard Street (Lot 62, Baltimore City Block 509)
888 Tyson Street (Lot 101, Baltimore City Block 509)
2009 Total Annual Real Estate Taxes (as published by the City of Baltimore)

$ 3,823.85
     212.60
$ 4,036.45

 

TITLE

The property is sold free and clear of liens, subject to an annual $70 ground rent, payable semi-annually on the twelfth days of January and July in each and every year.  Deed Liber 4009, page 132.

 

FINANCING

Call for pre-qualification:
Mr. Craig Kessler
Greentree Mortgage Corporation
2 Park Center Court - Suite 200
Owings Mills, Maryland 21117
410-654-3900 direct
410-702-4511 fax
ckessler@loanofficer.com

 

INSPECTION TIME

One hour prior to auction.

 

TERMS OF SALE

(Real Estate):
A $10,000 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 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)

 

TERMS OF SALE

See above sections for terms of sale.