"Upper Fells Point" Unique Brick Building Prime Rehab. Potential

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Listing Details

Sold Price
$370,000
Auction Date
Auction Time
11:00 AM
Address
125 S. Broadway, Baltimore, MD, 21231
County
Baltimore City
Neighborhood
Upper Fells Point
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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 Rob Goldman, Attorney
Rob Goldman Legal Solutions
6800-B Holabird Avenue
Baltimore, MD 21231

ATTORNEY'S AUCTION
                                      
UPPER FELLS POINT

- Prime Rehab. Potential -

UNIQUE BRICK BUILDING
Currently Operated As An
Apartment & Rooming House


Also Carriage House Shell

 Sale On Premises
125 S. BROADWAY
Off 1700 E. Pratt Street
Baltimore, MD 21231


WEDNESDAY, JUNE 18, 2008
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.

LOCATION & DIRECTIONS:

125 S. Broadway is situated in the "Upper Fells Point" neighborhood of east Baltimore, several blocks south of Johns Hopkins Hospital Complex and about six blocks north of the Baltimore Harbor.  The neighborhood is an eclectic collection of buildings constructed during the last 250 years.  A vibrant residential and commercial community, Upper Fells Point has numerous restaurants and shops.  Patterson Park on the east is within walking distance.  The neighborhood is surrounded by Downtown Baltimore, Butcher's Hill, Fells Point and Canton and is close to I-95, I-83 (Jones Falls Expressway), MTA bus and subway service.  Neighborhood housing predominantly consists of brick townhomes used as one-family or multiple-dwellings.

Neighborhood Link:
http://www.livebaltimore.com/nb/list/upflspt



For directions from your location, visit: MapQuest

 

SITE AREA

Rectangular lot - 25' x 205', more or less, situated on the east side of Broadway, about 85' north of the 1700 block of E. Pratt Street.  The lot is level and paved.  All public utilities are in the site.

BLOCK PLAT (pdf)

 

IMPROVEMENTS

Victorian-era three story brick end-of-group townhome features original moldings and trim, tin ceilings, oak hardwood floors, plaster walls, marble, oak and mahogany fireplace mantles and detached carriage house shell; oil hot water heat.  The building is currently arranged as an owner’s unit, second apartment and 8 rooming units, several of which are rented for $100/week.  Updating and cosmetic repairs are needed.

 

ZONING

B-2-3, commercial - community business district, currently licensed for 2 dwelling units and 7 rooming units

MULTIPLE DWELLING LICENSE (pdf)

 

TITLE

In fee simple.  The property is sold free and clear of liens.  Deed Liber 3825, page 076.

 

TERMS OF SALE

 A $20,000 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, rents, 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

Helen Sasadeusz, Remainderman under the
Life Estates of Bronislaw and Maria Sasadeusz