Call: 410-296-8440
Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209

"Barre Circle National Historic District"

Fully Occupied Apartment Building - Arranged for 3 Units
827 W. Lombard Street
Baltimore, MD
21201
Baltimore City
Show on Map
SOLD
April 12, 2024 AT 12:00PM

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Showing and Inspection:

OPEN HOUSE: Friday April 5 at 1:00 PM
Please email info@ajbillig.com or call 410-296-8440 if you would like to attend the open house for the property.

 

 

 

Terms Of Sale:

A $25,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by April 12, 2024 at 4:00 P.M. 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.

ONLINE REAL ESTATE AUCTION

$200,000 Opening Bid

BARRE CIRCLE HISTORIC DISTRICT

Opposite University of Maryland Medical Center

FULLY OCCUPIED
APARTMENT BUILDING

Arranged for 3 Units
$42,000/Year Gross Scheduled Rent

Known As:
827 W. LOMBARD STREET
Off Martin Luther King Jr. Blvd.
Baltimore City, Maryland 21201

BIDDING OPENS
WEDNESDAY, APRIL 10, 2024

BIDDING CLOSES
FRIDAY, APRIL 12, 2024
AT 12:00 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.

LOCATION:
827 W. Lombard Street is located in the Barre Circle neighborhood of central southwest Baltimore City. Surrounding neighborhoods include Ridgely’s Delight, Hollins Market and Washington Village/Pigtown. The urban district comprises roughly 200 structures, some dating back to the 1850’s. According to the Baltimore CHAP website, “The Barre Circle Historic District is significant for its architecture and for its association with the industrial development of Baltimore City. Its cohesive streetscapes of modest, unadorned brick rowhouses reflect the architectural response to Baltimore’s rapid industrial expansion in the mid-19th century.”

The surrounding area is home to University of Maryland Baltimore Campus, Oriole Park at Camden Yards, and is within close proximity to a number of other significant historical and contemporary buildings, including M&T Bank Stadium, the Warner Street Entertainment District and B & O Railroad Museum. The Baltimore Convention Center and Inner Harbor are within walking distance as well.

Having immediate access to Martin Luther King, Jr. Boulevard, Baltimore Washington Parkway (MD-295) and I-95, the building is convenient for any commuter. Busses, light rail and metro lines are close by on MLK Blvd. and the surrounding streets. Major employers in the area include University of Maryland Baltimore Campus, Downtown Baltimore Business District and University of Maryland Medical Center.

For more information about the area, please visit:
Barre Circle – livebaltimore.com
Barre Circle National Register Historic District – chap.baltimorecity.gov

SITE:
Rectangular lot – 16′ x 62’10”, more or less. Plat

Zoning R-8, residential, single family

All public utilities

IMPROVEMENTS:
Two and one-half story inside-of-group townhome, constructed in 1980, containing 1,692 square feet of living area and 614 square feet of basement space, according to public tax records. The building is arranged for three dwelling units and common outdoor area. Utilities are included in the rent for all units. There is one gas and electric meter for the entire building. A new roof was installed in March 2024.

Main Level Unit
Contains one bedroom and bathroom, kitchen and dining area with courtyard access. The unit is leased for $1,000 per month beginning on April 1, 2024 for a full year.

Upper Level Unit
Contains 2-3 bedrooms, bathroom, kitchen with den and in-unit washer/dryer. The unit is leased for $1,400 per month until November of 2024. Month-to-month after lease term expires.

Lower Level Unit
Contains one bedroom and bathroom with living room and kitchen. The unit is leased to a long term tenant for $1,100 per month until February of 2025. Month-to-month after lease term expires.

ADDITIONAL INFORMATION:
Please complete the Waiver and Confidentiality agreement to view the leases.

TITLE:
In fee simple; Sold free and clear of all liens. Baltimore City Deed Book MB 21441, folio 225.

TAXES:
Published annual real estate taxes are $4,464.84, based on a full value assessment of $196,900.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $25,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by April 12, 2024 at 4:00 P.M. 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. All adjustments, including taxes, rents and 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 settlement and assumed thereafter by the Purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to leases, easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the rights of the tenants in possession, if any. The Property will be sold subject to Baltimore City violation and zoning 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 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.

"Barre Circle National Historic District"
Fully Occupied Apartment Building - Arranged for 3 Units
827 W. Lombard Street
Baltimore, MD
21201
Baltimore City
Show on Map
SOLD
April 12, 2024 AT 12:00PM

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