"Mount Vernon"

On-Site Bidders – a $30,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale.

Online Bidders – a $30,000 deposit, by cashier’s check or wire transfer, is required at the Auctioneer’s Office, prior to the start of the live auction. The deposit will be returned within 24 hours following the auction to non-winning bidders. 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. Deposit Escrow Agreement.

No buyer’s premium. 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
$300,000 Opening Bid

MOUNT VERNON

Three Story Brick
OFFICE BUILDING
5,292± SF ◆ Zoned OR-2
10 CAR ON-SITE PARKING

Currently Law Offices
Potential Apartment Conversion

Known As
923 N. CALVERT STREET
Between Read & Eager Streets
Baltimore, MD 21202

Online Bidding Opens
MONDAY, DECEMBER 12, 2022

Live Onsite Auction
THURSDAY, DECEMBER 15, 2022
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:
The property is situated in the Mount Vernon neighborhood of Downtown Baltimore. Mount Vernon is a Baltimore City Historic District and National Historic Landmark District. The stately and vibrant nature of the neighborhood attracts students, professionals, families and retired persons. Area residents can walk to employment centers, dining, shopping, theater, museums, healthcare and local attractions, including University of Baltimore, University of Maryland, Maryland Institute College of Art, Center Stage, Meyerhoff Symphony Hall, Lyric Theater, Mercy Hospital, Walters Art Museum, Baltimore City offices, courts, and some of Baltimore’s finest restaurants.

Neighborhood housing is a mixture of large mansion houses and townhomes, constructed in the 1800s and early 1900s, and more recently constructed apartment buildings. Public transportation includes MTA bus, light rail, Metro subway and MARC commuter and AMTRAK trains at nearby Penn Station.

For additional neighborhood details, see Baltimore City CHAP profile:
Mount Vernon – chap.baltimorecity.gov

And LiveBaltimore neighborhood profile:
Mount Vernon – livebaltimore.com

SITE:
Rectangular lot – 21′ x 154′. Plat
Public utilities
Paved parking for approximately ten cars, with access from Hunter Street in the rear

Easement Agreement – 921-923 N. Calvert Street

IMPROVEMENTS:
Three Story Inside-Group Townhome – according to public tax records, the building was constructed in 1900, contains 3,969 square feet above grade and 1,323 square feet below grade. The lower level is at grade in the rear, at the parking lot, and there are front and rear entrances to that level. The building features original architectural details, period woodwork and front and rear interior stairways.

Exterior – brick construction, rubber membrane roof (2016), full brick foundation, wood double-hung windows, vestibule with intercom

First Floor

• Entry Foyer – wood floor
• Reception – carpeting, marble fireplace
• Office – carpeting
• Conference Room – carpeting
• Pocket doors between reception, office and conference room
• Rest Room – tile

Second Floor

• General Office Area – carpeting, currently four workstations
• 3 Private Offices – carpeting
• Rest Room – tile

Third Floor

• General Office Area – carpeting, currently four workstations
• Private Office – carpeting, fireplace
• Private Office with Rest Room – vinyl tile floor
• Skylight

Basement

• Office – vinyl plank flooring, fireplace
• Office – vinyl plank flooring
• Conference Room – vinyl plank flooring
• Break Room – vinyl plank flooring
• Rest Room – vinyl plank flooring

Mechanical – 4 gas forced air furnaces with central air conditioning, 5 electric meters, 40-gallon gas water heater

The property is currently occupied by a law firm, but will be vacated prior to settlement.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book FMC 9330, Page 673.

TAXES:
Published annual real estate taxes are $10,309, based on a full value assessment of $453,700.

SUMMARY TERMS OF SALE:
Please see the Contract of Sale for complete terms.

On-Site Bidders – a $30,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale.

Online Bidders – a $30,000 deposit, by cashier’s check or wire transfer, is required at the Auctioneer’s Office, prior to the start of the live auction. The deposit will be returned within 24 hours following the auction to non-winning bidders. Deposit Escrow Agreement.

The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s 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, but no sooner than January 1, 2023. 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, 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. The property will be sold in “AS IS” condition, 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.

No buyer’s premium.