"Broadway East"

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 (wire or cashier’s check).

Online Auction Bidders – a $5,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:30 P.M. on the day of auction. 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.

Will Hudson, Attorney
1537 Light Street, Baltimore, MD 21230

Featuring Live & Simulcast Online Bidding
$10,000 Opening Bid

ESTATE SALE

BROADWAY EAST

TWO STORY
END-OF-GROUP BUILDING
– Barbershop & Apartment –

Sale On Premises:
1501 N. PATTERSON PARK AVENUE
Known as “Mr. Do Hair Design”
Corner E. Oliver Street
Baltimore City, MD 21213

Online Bidding Opens
MONDAY, JANUARY 8, 2024

Live Onsite Auction Begins
TUESDAY, JANUARY 9, 2024
AT 12:00 NOON

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:
1501 N. Patterson Park Avenue is located in the Broadway East neighborhood in east Baltimore. Surrounding neighborhoods include Oliver, Middle East and Berea. Johns Hopkins Hospital is one mile southwest. Clifton Park is about one-half mile north. The property sits opposite Collington Square Elementary, Recreation Facility and Park. The property has been family owned for 50 years, and has been home to the “Mr. Do Hair Design” barbershop for a number of decades. The site features good exposure for those looking to continue operating a barbershop on site, or leasing to one in the future. The building also has potential for conversion to single family use, or, perhaps two apartments. The auction provides an excellent opportunity to purchase a building with both a long history and excellent future potential.

For more information about the area, please visit:
City Of Baltimore – www.baltimorecity.gov
CityView Map – cityview.baltimorecity.gov
Community Development Map – cels.baltimorehousing.org

SITE:
Lot size – 13′ x 65′, according to public tax records. Plat

All public utilities

Zoned R-8 Residential – approved use for one dwelling unit and a barber shop

IMPROVEMENTS:
Two story brick end-of-group storefront building – constructed in 1914. Estimated to contain 1,400 square feet above grade and 768 square feet of basement space. The building is arranged as a barbershop on the first floor, and is currently operating on a booth rental basis. Two barbers are currently paying $150/week for booth rental. The second floor is arranged as an apartment. Details are as follows:

Exterior:

• Brick construction
• Brick and stucco exterior
• Vinyl clad replacement windows
• Flat built-up roof
• Rear second floor patio

Interior:
Barbershop – 1st Floor – Main area with 4 chairs and LVT floors. Powder room. Rear office area with carpet. Full kitchen with tile floor, laminate countertops, gas range oven, refrigerator/freezer and stacking washer/dryer.

Apartment – 2nd floor – Open from lower level (not self-contained) – Primary bedroom with carpet and walk-in closet, additional bedroom with carpet and walk-out to rear patio, full ceramic tile bath with clawfoot tub, office or additional bedroom with carpet (no closet).

Basement/Mechanical – Unfinished basement. Updated gas forced air heat and CAC. Gas fired water heater. Interior and exterior access. Storage.

TITLE:
$90 annual ground rent; sold free and clear of all liens.

TAXES:
Current annual real estate taxes are $645.06, based on a full value tax assessment of $27,333.

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 (wire or cashier’s check).

Online Auction Bidders – a $5,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:30 P.M. on the day of auction.

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.

Sale by Order of The Estate of Leonidas Session