"Hampden"

$200,000 Opening Bid

HAMPDEN

FIVE HOME
RESIDENTIAL DEVELOPMENT
2,500± Sq. Ft. Garage Townhomes
– Partially Complete –

3548, 3550, 3600, 3602 & 3604
ASH STREET
At W. 36th Street
Baltimore City, Maryland 21211

Online Bidding Opens
TUESDAY, APRIL 22, 2025

Bidding Closes
WEDNESDAY, APRIL 23, 2025
AT 1:00 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.

GENERAL INFORMATION:
The subject property comprises five partially improved home sites in the Hampden area of North Baltimore. Three lots, 3600-3604, each have partially completed townhomes built thereon. Two lots, 3548 and 3550, have foundations. All homes are intended to be approximately 2,500 square feet with potential garage parking. Hampden has experienced a significant amount of both residential and commercial development over the past few decades, with excellent access to major employers, public transportation, recreational opportunities and countless retail and dining options in close proximity. The auction represents an opportunity to purchase all five properties at once, complete construction and resell, or keep and maintain as a residential income opportunity.

Buyers will be required to provide proof of funds (cash or approved financing) up to their intended purchase price. A $30,000 deposit via wire or cashier’s check will also be required of all bidders. Those intending to participate should call 410.296.8440 x17 or email charles@ajbillig.com with any questions.

LOCATION:
The development project is located in the Hampden neighborhood in North Baltimore. Union Mill, Clipper Mill and Meadow Mill, commercial and mixed-use developments, are each within about 3 blocks. Hampden’s “Avenue,” W. 36th Street, featuring an array of eclectic storefronts and dining options, is located just 4 blocks east. The location features excellent access to I-83 (JFX), as well as a number of other commuter routes to employers in Downtown Baltimore, Johns Hopkins University, Loyola University of Maryland and more. A number of Baltimore’s most frequented parks, including Roosevelt Park, Druid Hill Park and Wyman Park, each featuring ball fields, walking trails and other recreational opportunities, are all nearby. Some well-known food and beverage purveyors are also in the immediate area, including Chuck’s Trading Post, Blue Pit BBQ & Whiskey Bar, Union Craft Brewing, Artifact Coffee, Waverly Brewing and Taharka Brothers Ice Cream.

For more information about the area, please visit:
Neighborhoods – livebaltimore.com
CityView Map – cityview.baltimorecity.gov
Community Development Map – cels.baltimorehousing.org

SITE:
See record plat for specific dimensions

Four lots are approximately 23’6″ wide with depths of approximately 98′. One lot (3602) is 18′ wide with similar depths. The lots are separated by an unimproved roadway (W. 36th Street extended). 3548 & 3550 have curb cuts intended to be front loading garages.

All public utilities are believed to be available

Storm water retention and bonding is believed to be required

Record Plat

CELS Map

ZONING:
R-6 Residential

For more information about zoning, please visit:
Department of Planning – planning.baltimorecity.gov

IMPROVEMENTS:
3600, 3602 and 3604 Ash Street represent three partially completed townhomes. Each home is intended to contain 2,584 interior square feet on three levels and including a front loading garage. Features to include open concept living area, 3-4 bedrooms, 3.5 baths, rear deck with views of the Jones Falls Valley, sprinklering and forced air heat with central air conditioning. Exterior construction and framing was completed, with some electrical and plumbing work in place. Status of permitting is unknown. Further repair and completion required.

3548 and 3550 have foundations. Intended design is similar as above.

Due diligence package, including permit drawings, storm water design and some quotes obtained by prior ownership are available after completion of a Waiver and Confidentiality agreement.

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

TAXES:
Current annual real estate taxes are approximately $708 per property based on a full value tax assessments of $30,000. $3,540 per year total (all 5) based on a total assessment of $150,000.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $30,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to 11:00 A.M. Wednesday, April 23, 2025. 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, if any. The Property will be sold subject to 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. 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.

Bidders shall be required to provide proof of funds in the form a of bank statement, lender approval letter or other format deemed acceptable in the sole discretion of Seller and Auctioneer prior to 11:00 A.M. on Wednesday, April 23, 2025. Bidders will only be permitted to bid up to the amount of the proof of funds provided. Cash and investor oriented financing are strongly suggested. Traditional bank construction financing is not likely to meet closing time line considerations. Contact Charles Billig with any questions.