REAL ESTATE AUCTION
To the Highest Bidder Above $199,000
(Previously sold for $555,000 in August 2005)
Unique Corner Property
- Circa 1830 -
ZONED B-3-3, COMMERCIAL
Sale On Premises
1800 FLEET STREET
a/k/a 535 S. ANN STREET
Baltimore, MD 21231
THURSDAY, MAY 12, 2011
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, 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.
1800 Fleet Street is situated at the well known corner of Fleet and Ann Streets, one block east of Broadway, in the heart of historic Fells Point. Constructed circa 1830, the property may be Fells Point's only single family detached home. A complete description of Fells Point can be found at http://www.fellspoint.us/
From Baltimore's Inner Harbor follow President Street south to Fleet Street east approximately one mile to property on left.
For directions from your location, visit: maps.google.com
Rectangular lot fronts 51' on Fleet Street by 20'6" on S. Ann Street.
All public utilities.
Freestanding, two and one-half story, clapboard Colonial home with gabled cedar shake shingle roof, wooden double hung windows, private brick courtyard and brick sidewalk streetscape. The building features separate entrances and addresses on each street, ideally suited for a business, a home office or residence. According to public tax records, the home was constructed in 1830 and contains 1,684 square feet of finished living area.
Interior finishes include wide pine flooring, period brass and bronze hardware, six paneled wood doors, unusually large rooms and closets, track and recessed lighting, chair and crown mouldings, Baltimore trolly banister on stairway, and period decor.
Ruud heat pump and central air conditioning
Ruud 50-gallon electric water heater
200-ampere electrical service
Multi-zone security system
B-3-3, Community Commercial District, permitting a wide variety of commercial and residential land uses
For more information, see the: Baltimore City Zoning Code (pdf)
Annual real estate taxes for 2010 were $9,753, based on a full value assessment of $409,770. Note - If any real property is transferred after January 1 and before the beginning of the next taxable year to a new owner, the new owner my submit a written appeal as to a value or classification on or before 60 days after the date of the transfer.
In fee simple. Deed Liber 6723, Page 81. The property is sold free and clear of all liens.
From 10:00 a.m. on the day of sale or by appointment with the Auctioneers.
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 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. 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, 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 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)
Call for pre-qualification:
Mr. Craig Kessler
Freedmont Mortgage Funding
50 Scott Adam Road
Hunt Valley, Maryland 21030