"Northeast Baltimore - Waltherson"

Live Auction Bidders – a $5,000 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 4:00 P.M. on the day of auction, at the Auctioneer’s office.  When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount.

No Buyer’s Premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and please check back for the Sample Contract to be posted.

Featuring Live & Simulcast Online Bidding
$40,000 Opening Bid

ESTATE SALE

NORTHEAST BALTIMORE
“Waltherson”

TWO STORY SEMI-DETACHED
STOREFRONT BUILDING
2,790 Sq. Ft. GBA ✦ Zoned R-7 | R-MU

SUITABLE FOR COMMERCIAL &
RESIDENTIAL USE

Known As:
5122 BELAIR ROAD
Formerly “About-Time Upholstery”
Baltimore City, MD 21206

Online Bidding Opens
MONDAY, APRIL 24, 2023

Live Onsite Auction Begins
WEDNESDAY, APRIL 26, 2023
AT 12:30 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:
5122 Belair Road is located in the Waltherson neighborhood in Northeast Baltimore City. Surrounding neighborhoods include Hamilton Hills, Glenham-Belhar, and Frankford. Waltherson is a beautiful community made up primarily of single-family, detached homes and duplexes. Neighbors love that their homes have spacious yards for gardening and access to thriving, main-street businesses within easy walking distance. The property is within close proximity to the Hamilton-Lauraville area, placing it in a business booming network of neighborhoods. The residents have an abundance of shopping, dining, and entertainment options alongside Harford Road and Belair Road crafted by local entrepreneurs. Herring Run Park (1 mile), offers various recreational activities such as hiking paths, ball fields, and playgrounds. Major employers in the area include Johns Hopkins University, Loyola University Maryland, and MedStar Good Samaritan Hospital. Belair Road provides commuters with north/south travel and connects to major highways, I-95, I-895, I-695, and US 40.

For more information about the area, please visit:
Waltherson – livebaltimore.com
Hamilton-Lauraville – Main Street – www.bmoremainstreet.com

SITE:
Lot size – 15′ x 106’9″, comprising approximately 1,603.5 square feet. Plat

Fronts 15′ along Belair Road, and 106’9″ along a 15′ vehicle accessible alley

All public utilities

ZONING:
The property is zoned R-7 | R-MU – Residential Mixed-Use.

According to Baltimore City Zoning Code, R-7 zoning comprises “Mixed Residential Zoning including detached and semi-detached dwellings, rowhouse developments, and multi-family developments of a larger scale. Limited non-residential uses.”

R-MU zoning comprises “Rowhouse Mixed-Use Overlay District allows a mixed-use rowhouse environment, where some rowhouse structures are used for residential and others for first-floor commercial uses. Tied to base parcel zoning.”

IMPROVEMENTS:
Two story semi-detached storefront building – according to public tax records the building was built in 1925 and contains 1,860 square feet of gross building area above grade and 930 square feet of basement space. The building is improved as follows:

Exterior:

• Brick facade
• Flat built-up roof
• Vinyl clad replacement and wood windows
• Fenced front and rear yards

Interior:

First floor –

• Retail Space – laminate floor
• Kitchen – laminate floor, wood cabinets, gas stove/oven

Second floor –

• Living Room – wood floor
• 3-Rooms – laminate floors
• Full Bath – laminate tile floor

Basement/Mechanical –

• Unfinished basement
• Laundry/utility room
• 69 Gallon gas water heater
• Gas forced air heat
• Electric central air conditioning

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

TAXES:
Published annual real estate taxes are $3,044.40, based on a full value assessment of $129,000.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – a $5,000 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 4:00 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, 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 Property will be sold subject to Baltimore City violation notices, if any. 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.

No Buyer’s Premium!