"Washington Village - Pigtown"

Live Auction Bidders – A $5,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is due by 4:00 p.m. on the day of auction at the auctioneers 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.

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.

Featuring Live & Online Simulcast Bidding
$35,000 Opening Bid

WASHINGTON VILLAGE – PIGTOWN
“Pigtown Historic District”

TWO STORY
SHELL BUILDING
✦Residential Redevelopment Opportunity✦

Known As:
1222 JAMES STREET
Off W. Ostend Street
Baltimore City, Maryland 21223

ONLINE BIDDING OPENS:
TUESDAY, OCTOBER 24, 2023

LIVE ONSITE AUCTION:
THURSDAY, OCTOBER 26, 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:
1222 James Street is located in the Washington Village/Pigtown area of southwest Baltimore City. Surrounding neighborhoods include Carrollton Ridge, Union Square and Hollins Market. Getting its name from the butcher shops and meat packing plants that used to populate the area, Pigtown/Washington Village has been regarded as one of Baltimore’s most promising neighborhoods due to its proximity to major highways, the University of Maryland Medical Center and downtown attractions. Residents of the area can take advantage of the Pigtown/Washington Village main street, on Washington Boulevard, that has many shops, restaurants and entertainment venues. The property enjoys excellent proximity to the Stadium Complex and Warner Street Entertainment District, while also retaining its South Baltimore neighborhood charm. Nearby attractions include M&T Bank Stadium, Oriole Park at Camden Yards, the Horseshoe Casino, multiple breweries and Top Golf. Major employers in the area include University of Maryland Medical Center, University of Maryland, Baltimore, Horseshoe Casino and many more.

For more information about the area, please visit:
Washington Village Pigtown – livebaltimore.com
School Profiles – https://www.baltimorecityschools.org

SITE:
Lot – 20′ x 65′, more or less. Plat

All public utilities

Zoned R-8 Residential

IMPROVEMENTS:
Two story inside-group building, constructed in 1898, containing 2,600 square feet of living area and 1,300 square feet of basement space, according to public tax records. The building was previously used as a bar/tavern but no liquor license is included with the sale. It is currently arranged as a large open room in the front with a small room in the rear. The layout is the same on both the upper and lower floor. A new roof was installed in September 2023.

TITLE:
$83 ground rent payable in semi-annual installments on 1/1 and 7/1; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $3,171.84, based on a full value assessment of $134,400.

Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
Assessment Appeal Process – dat.maryland.gov

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. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is due by 4:00 p.m. on the day of auction at the auctioneers 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. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. Purchaser assumes the risk of loss from the date of contract forward. 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. A 5% buyer’s premium will be added to the final bid price.