REAL ESTATE AUCTION
Unique User or
ADJOINING TOWNHOUSES &
TWO STORY CARRIAGE HOUSE
★ Over 3,600 Sq. Ft. ★ Drive-In Bay ★
★ 3+ Car Off Street Parking ★
- Suggested Opening Bid: $250,000 -
Sale On Premises
1110-1112 S. HIGHLAND AVENUE
& WAREHOUSE (TAX ID: 0326056478 049)
Between 3300 Blks. of O'Donnell and Elliott Sts.
BALTIMORE, MARYLAND 21224
WEDNESDAY, SEPTEMBER 19, 2012
AT 11:30 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.
The properties are located in the Historic District of Canton, perhaps Baltimore City's hottest neighborhood over the last twenty years. The location is well known for the abundance of restaurants, shopping and entertainment, all of which are within walking distance of the properties. O'Donnell Square is just four blocks to the west, and the substantial Brewer's Hill development is only two short blocks to the east. The 1100 block of South Highland Avenue features a number of luxury residential renovations, as well as new construction townhomes across the street. Commuter access features multiple, short routes to I-95 to the south, and many routes to Downtown Baltimore, which is about two miles to the west.
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1110 & 1112 S. Highland Avenue: Tax ID: 0326056478 037
- Rectangular lot fronts 28' on S. Highland Avenue, with depths of 90' and bounded in the rear by a 14' accessible alley known as Wise Court. Wise Court is accessible via either O'Donnell or Elliott Streets.
- Rear concrete parking pad for 3-4 vehicles
- Access to rear drive in bay with overhead door
Carriage House on Wise Court: Tax ID: 0326056478 049
- Rectangular lot fronts 34'6" along Wise Court with depths of 20'.
Zoning R8, residential. The properties had previously been operated by an amusement and vending machine business. The Carriage House was used for machine and part storage.
Prospective purchasers are encouraged to do their own due diligence regarding the Baltimore City Zoning code for permitted, accessory and conditional uses in residential districts, as well as whether the Carriage House appropriately qualifies for residential conversion.
Public water, sewer, gas, electricity, telephone, cable are available
1110 & 1112 S. Highland Avenue: Deposit $15,000 (certified or cashier's check - full terms below)
Two adjoining two story brick inside-group townhomes. The first floor of the properties are on concrete slab, which are also accessible in the rear via a rear drive-in bay with overhead door. According to public tax records the interior of the properties contain 3,608 interior square feet on two floors. There is a freight elevator running between the floors. The properties were most recently used for an amusement and vending machine business, and are laid out for commercial use. The layout and interior square footage of the buildings allow for any number of redevelopment opportunities and potential uses. The properties are arranged as follows:
Brick exterior with vinyl siding facade covering front bay and overhead door
Flat, built-up roof
Vinyl-clad replacement windows
Gas hot water heat
200-amp. electric service
40 gallon gas water heater
Wise Court Carriage House: Deposit: $5,000 (certified or cashier's check - full terms below)
Two story brick detached building in need of renovation. Concrete slab floor on the first floor, unfinished wooden subfloor on the second floor. Interior staircase.
1110 & 1112 S. Highland Avenue: Tax ID: 0326056478 037:
Published annual real estate taxes for 2011 were $6,159
Warehouse on Wise Court: Tax ID: 0326056478 049:
Published annual real estate taxes for 2011 were $771
The properties are sold free and clear of all liens and encumbrances, in fee simple.
One hour prior to sale on the day of the auction, and by appointment. Please contact firstname.lastname@example.org or call 410.296.8440 for inspection inquiries.
The manner of sale will be announced at the time and place of sale. Depending on buyer interest, 1110 & 1112 S. Highland Avenue may be offered individually, then the Carriage House individually, with the bids reserved. Both properties would then be offered as an entirety. The properties would be sold in the manner producing the highest price. Questions or interest in this type of offering should be directed to email@example.com or by calling 410.296.8440.
Deposits as stated above, or $20,000 if sold as an entirety, 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, 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. 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 Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law. Time is of the essence.
No buyer's premium.