"Federal Hill"

On-Site Bidders – a $25,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale.

Online Bidders – a $25,000 deposit, by cashier’s check or wire transfer, is required at the Auctioneer’s Office, prior to the start of the live auction. The deposit will be returned within 24 hours following the auction to non-winning bidders. Deposit Escrow Agreement. 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.

A 5% buyer’s premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Live & Online Simulcast Bidding
$250,000 Opening Bid

FEDERAL HILL

Three Story Brick
STOREFRONT BUILDING
1,696± SF ◆ Zoned C-1

Suitable for Commercial
or Residential Use

Known As
1031 S. CHARLES STREET
Between Cross & Hamburg Streets
Baltimore, MD 21230

Online Bidding Opens
MONDAY, JANUARY 9, 2023

Live Onsite Auction
THURSDAY, JANUARY 12, 2023
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:
1031 S. Charles Street is located in the historic Federal Hill neighborhood of south Baltimore, approximately five blocks south of the Inner Harbor. The surrounding neighborhood is a vibrant mix of shops, homes, restaurants and offices. The rejuvenated Cross Street Market is one block south. Neighborhood housing consists of townhomes and apartments, varying in age from new to more than 150 years. The main commercial streets in Federal Hill are Light and Charles. 1031 is in the heart of the commercial district, amid everything that makes Federal Hill exceptional.

For additional information:
Federal Hill – livebaltimore.com
Federal Hill – baltimore.org

SITE:
Rectangular lot – 12.5′ x 70′. Plat
Zoning C-1, commercial
Public utilities
Brick courtyard in rear

IMPROVEMENTS:
Three Story In-Line Storefront Building – according to public tax records the building was built in 1920 (we think it is older) and contains 1,696 square feet of gross building area above grade and 390 square feet of basement space. The building has vinyl-clad casement windows, a brick foundation and a rubber roof.

The building features exposed brick walls, wood floors throughout and a three story front atrium.

First Floor – three rooms, kitchenette with ceramic tile floor, wood cabinets, refrigerator, outside exit to the brick courtyard, half-bath and new ceramic tile shower

Second Floor – three rooms, one with fireplace, exit to a rear composite sun deck

Third Floor – two rooms, one used as a bedroom

Basement – unfinished

Mechanical – gas forced air heat, central air conditioning, 200 amp. electrical service, gas water heater (new 2020)

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book MB 22626, Page 13.

TAXES:
Published annual real estate taxes are $7,972, based on a full value assessment of $337,800.

SUMMARY TERMS OF SALE:
Please see the Contract of Sale for complete terms.

On-Site Bidders – a $25,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale.

Online Bidders – a $25,000 deposit, by cashier’s check or wire transfer, is required at the Auctioneer’s Office, prior to the start of the live auction. The deposit will be returned within 24 hours following the auction to non-winning bidders. Deposit Escrow Agreement.

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, 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 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.