Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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The property will be open 1 hour prior to the live onsite auction and is also available to view per the following instructions:
For Agents: please schedule online via ShowingTime.
For Individuals: Request Access to Property. Once the completed form has been received, you will receive inspection instructions via email. Inspection requests are normally answered Mon.-Fri. 9 am – 4 pm.
Live Auction Bidders – a $25,000 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 with 24 hours at the Auctioneer’s office (wire or cashier’s check).
Online Auction Bidders – a $25,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction. Deposit Escrow Agreement
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 & Simulcast Online Bidding
$200,000 Opening Bid
LAKE ASHBURTON
– Forest Park Neighborhood –
Grand Three Story
WATER VIEW COLONIAL HOME
5,793+ Sq. Ft. ● 0.27± Acre ● Garage
Arranged & Zoned for:
4 DWELLING UNITS
Sale On Premises:
3006 N. HILTON STREET
Corner Fairview Avenue
Baltimore City, Maryland 21216
Online Bidding Opens
FRIDAY, SEPTEMBER 6, 2024
Live Onsite Auction Begins
TUESDAY, SEPTEMBER 10, 2024
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.
GENERAL INFORMATION:
3006 N. Hilton Street comprises a stately three story New England style Colonial Home perched prominently above Lake Ashburton in Baltimore’s Forest Park Neighborhood. The home sits along an architecturally significant corridor with grand structures intended to maximize views of the Lake and down to the downtown skyline. There are more than 12 structures or neighborhoods in the immediate area that appear on the Maryland Historic Registry. The home itself retains some local provenance, believed to have been constructed originally for Winfield F. Roberts, a Chairman of the Board of Johns Hopkins Hospital and Charles M. Schwab mentee, subsequently owned by local automotive magnate Abe Legum, and later by well-known jurists Ellis Peregoff and Charles Josey. The home was subdivided into 4 units in more recent decades and sits in a ready to renovate condition. Whether intended as a magnificent single-family home, multifamily investment or some combination thereof, the auction provides an excellent opportunity to purchase an impressively situated home and restore it to its original glory.
LOCATION:
The property is located in the Forest Park neighborhood in west Baltimore. The neighborhood is located south of Liberty Heights Avenue between Berwyn Avenue and Lake Ashburton, and is known for impressive single family homes constructed in the early 1900s. Downtown Baltimore, whose skyline is visible from the front windows and porch of the home, is about 3 miles southeast. Shopping, dining and public transportation options are located conveniently throughout the immediate area. The home itself sits at the corner of Hilton Street and Fairview Avenue with direct views of the Lake Ashburton reservoir. The home next door, as well as a half-dozen others along Hilton Street and Powhatan Avenue, are included on the Maryland Historic Registry, a testament to the quality and age of architecture facing the lake.
For more information about the area, please visit:
Neighborhoods – livebaltimore.com
City Of Baltimore – www.baltimorecity.gov
CityView Map – cityview.baltimorecity.gov
Community Development Map – cels.baltimorehousing.org
SITE:
Lot size – 80′ x 148′, comprising 11,840 square feet or 0.272 acre, more or less
The elevated lot fronts 80′ on N. Hilton Street and 148′ on Fairview Avenue. Curb cut to detached two car garage along Fairview Avenue. Retaining walls, grand front and side stairway entrances. Fenced rear yard. Limited landscaping.
ZONING:
R-1-E – Residential – Approved Use for 4 Dwelling Units
The R-1-E zone comprises detached dwellings located upon lots of 9,000 square feet or more
For more information about zoning, please visit:
Department of Planning – planning.baltimorecity.gov
IMPROVEMENTS:
Three story New England style Colonial Home believed to have been constructed circa 1920 and two car detached garage. According to tax records, the home contains 5,793 square feet above grade and 1,959 square feet of basement space. The home has been subdivided into four self-contained units, with full floor units on the first and third floors and two units on the second floor. The home needs full renovation. Further details as follows:
Exterior:
Interior:
Unit 1 – First Floor Full Level Unit – 4 Bedrooms & 3 Baths
Unit 2 – Second Floor – 3-4 Bedrooms & Bath
Unit 3 – Second Floor – Efficiency Unit
Unit 4 – Third Floor Full Level Unit – Gutted and arranged for 3 rooms (1-2 bedrooms), kitchen and bath (roughed-in)
Basement/Mechanical:
TITLE:
Subject to an annual $150 ground rent; sold free and clear of all liens.
TAXES:
Current annual real estate taxes are $10,024.50, based on a full value tax assessment of $424,767.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $25,000 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 with 24 hours at the Auctioneer’s office (wire or cashier’s check).
Online Auction Bidders – a $25,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction. Deposit Escrow Agreement
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, and Baltimore City Violation notices, 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. 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. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.
