"North Baltimore - Barclay Neighborhood"

Featuring Live & Online Simulcast Bidding
– $75,000 Opening Bid –

Three Story Corner
MIXED-USE BUILDING
– Storefront and Large Apartment –

Known As
2331 BARCLAY STREET
Corner E. 24th Street
Baltimore City, MD 21218

Online Bidding Opens
FRIDAY, NOVEMBER 5, 2021

Live Onsite Auction
TUESDAY, NOVEMBER 9, 2021
AT 1:00 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:
2331 Barclay Street is located in the Barclay neighborhood in North Baltimore. Surrounding neighborhoods include Old Goucher, Charles Village, Harwood, Charles North and Greenmount West. A portion of the neighborhood, and mostly to the south and east, comprises the Station North Arts and Entertainment District. The Maryland Institute College of Art (MICA), University of Baltimore, Johns Hopkins University and Penn Station are all within approximately one mile.

The area has seen significant development over the past 10 years. Station North and nearby Remington have received much of the media attention, with Old Goucher, Barclay, Harwood and Better Waverly going about their business more quietly. Major projects along Greenmount Avenue, North Avenue and 25th Street highlight much of the activity, with new and fully renovated townhomes through the neighborhood.

The auction provides an opportunity to buy a large, corner building in a location that has been steadily increasing in demand for several years. The building is well situated for a variety of uses, including single family, multi-family and mixed-use.

For more information about the area, please visit:
Barclay – livebaltimore.com
Station North Arts District – www.stationnorth.org
Old Goucher – www.oldgoucher.org
CityView Map – cityview.baltimorecity.gov

SITE:
Lot size – 17’8″ x 72′, more or less. Plat

All public utilities

ZONING:
R-8 – Residential, last approved for liquor store and dwelling unit

For more information about Baltimore City zoning, please visit:
Zoning – dhcd.baltimorecity.gov

IMPROVEMENTS:
Three story end-of-group storefront building. The building is believed to contain approximately 2,800 square feet of gross building area, and is currently arranged as a storefront and very large apartment. Features include a stone and stucco facade, brick construction, multiple entrances, steel fire escape, walk-in cooler and an array of updated apartment finishes.

First Floor:

• Storefront with separate entrances
• Walk-in cooler
• Half bathroom
• Office space

Second floor:

• Kitchen – tile flooring
• Open floor plan containing living room and dining room – laminate flooring

Third floor:

• Open floor plan for large bedroom – laminate flooring
• Bathroom containing tub and shower
• Washer/Dryer area

Basement/Mechanical:

• Unfinished
• Gas boiler
• Gas water heater
• 200 AMP electric service

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are approximately $1,416, based on a full value assessment of $60,000.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $7,500 deposit, payable by 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.

Online Auction Bidders – a 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 P.M. on the day of auction, at the Auctioneer’s office.

Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or 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 contract to date of settlement. All adjustments, including taxes, ground rent and all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract 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 except where otherwise mandated by local, State or Federal law. Time is of the essence. Property being sold pursuant to partnership dissolution, with individual partners retaining the right to bid on their own behalf.  A 6% buyer’s premium will be added to the final bid price.

Sale in Collaboration with: The Chris Cooke Team Of Berkshire Hathaway Home Services Homesale Realty