"Highlandtown"

 REAL ESTATE AUCTION 

$75,000 Suggested Opening Bid

TWO STORY BUILDING
Large Lot & Frontage On 2 Streets

Sale On Premises
235 S. CONKLING STREET
Near Claremont Street
Baltimore City, MD 21224

WEDNESDAY, OCTOBER 23, 2019
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.

LOCATION:
235 S. Conkling Street is located in the heart of Highlandtown in Southeast Baltimore City. Conkling Street is a central commercial corridor for Highlandtown, comprising many of the neighborhood’s best known destinations, including the Enoch Pratt Free Library Southeast Anchor Branch. Other nearby neighborhood “institutions” include DiPasquale’s, Hoehn’s Bakery, G&A Restaurant and Matthew’s Pizzeria. The property sits on an eclectic block, featuring homes, a church, galleries and other small businesses. The very large lot runs between Conkling Street and Dean Street, offering expanded development potential, including off-street parking and a significant amount of yard space for the area.

For more information, please see:
https://livebaltimore.com/neighborhoods/highlandtown/
http://highlandtown.com/
http://cityview.baltimorecity.gov/

SITE:
Rectangular lot – 17′ x 150′, more or less

17′ frontage on S. Conkling Street, and 17′ frontage on S. Dean Street

Off-street parking potential

All public utilities

Zoning R-8 Residential – Last approved use as a healthcare clinic
According to the Transform Baltimore zoning summaries, the R-8 district comprises “Traditional form of urban rowhouse. Continuous rowhouse development along full blocks built to or only modestly set back from the street. Also accommodates other residential types of a similar density. Limited non-residential uses.”

Please see the Baltimore City Zoning Code for a full list of permitted and conditional uses in R-8 districts.

IMPROVEMENTS:
Two story inside-group brick storefront building – constructed in 1920, containing 2,210 square feet of living area and 1,105 square feet of basement space, according to public tax records. The building has been gutted, and is ready for renovation. The seller prepared concept plans for a three story townhome with yard space and garage. Other considerations for use would be multi-family, day care, education or worship based uses.

TITLE:
Subject to a $25 annual ground rent (unregistered); sold free and clear of all liens

TAXES:
Published annual real estate taxes are $2,702.20, based on a full value assessment of $114,500.

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. 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. 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, 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. Purchaser assumes the risk of loss from the date of contract 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. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.