"Greenmount West - Station North Arts & Entertainment District"

For more photos, see the: Virtual Tour

APARTMENT BUILDING
– 4 Blocks From Penn Station –

210 E. LAFAYETTE AVENUE
Near N. Calvert Street
Baltimore City, MD 21202

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:
210 E. Lafayette Avenue is located in the Greenmount West neighborhood, and is within the Station North Arts & Entertainment District. Brand new educational facilities, impressive theaters, galleries, studios, apartments and commercial facilities compliment the energy and excitement of the community of people that live, learn and work throughout the Station North area. Proximity to MICA, University of Baltimore, Johns Hopkins University and other major development initiatives around Remington and Old Goucher College have fostered even further interest in this central location. Amtrak has very recently selected a team to lead the 1.6 million square foot redevelopment of Penn Station and the surrounding area, which is within four blocks of the property. The expansive project is slated to include a hotel, expanded and improved retail and expanded traveler amenities, all aimed at revitalizing one of Baltimore’s most important transportation cornerstones. Hidden Harvest farm is to the rear of the property, and sells vegetables on site, at local farmers markets and to area businesses. 

For more information, please see:
https://livebaltimore.com/neighborhoods/greenmount-west/
&
http://www.stationnorth.org/

For more information about the Penn Station redevelopment, please visit:
http://www.baltimoresun.com/business/bs-bz-penn-station-redevelopment-20171214-story.html
https://www.bizjournals.com/baltimore/news/2017/12/14/exclusive-amtrak-selects-team-led-by-beatty.html

Hidden Harvest Farm:
http://www.farmalliancebaltimore.org/farms/hidden-harvest-farm/

SITE:
Rectangular lot – 14’5″ x 100′, more or less

Off-street parking potential

All public utilities

Zoning R-8, residential, registered for 2 dwelling units
For more information, see the Baltimore City Zoning Code.

IMPROVEMENTS:
Three story brick inside-group building – constructed in 1890, containing 2,250 square feet of living area and 630 square feet of basement space. The building is arranged for three self contained apartment units, and features common interior entry, wood and vinyl clad replacement windows, updated flooring and appliances. The units each have separate electric panels, new kitchens and new bathrooms. See below regarding the current CHAP tax credit on the property.

First Floor Unit

• Living Room
• Eat-In Kitchen
• Bedroom
• Bath

Second Floor Unit

• Living Room
• Kitchen
• Bedroom
• Bath

Third Floor Unit

• Living Room
• Kitchen
• Bedroom
• Bath

TITLE:
Subject to an annual $120 ground rent (due in semi-annual installments on 2/2 & 8/2); sold free and clear of all liens

TAXES:
Published annual real estate taxes are $1,332.41 (including a $3,864.31 CHAP tax credit) based on a full value tax assessment of $220,200.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A 10% deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale.  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, 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. 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.

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