"Bolton Hill - Madison Park - Bolton Crest Condominium"

Featuring Live & Simulcast Online Bidding

THREE RESIDENTIAL
CONDOMINIUM UNITS
Fully Leased ✦ Historic Building

– Entirety Sale Only –

Sale On Premises
1208 EUTAW PLACE
UNITS A, B & C
Near Dolphin Street
Baltimore City, MD 21217

Online Bidding Opens
MONDAY, JUNE 21, 2021

Live Onsite Auction Begins
THURSDAY, JUNE 24, 2021
AT 11:00 A.M.

– Opening Bid: $150,000 –

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. Online bidding is available from Monday, June 21 and will continue through the live auction. You can choose to bid online and/or attend the live auction.

LOCATION:
1208 Eutaw Place, known as the Bolton Crest Condominium, is located in the Bolton Hill neighborhood in central Baltimore City. Bolton Hill is an historic community, that is both a National Register and Baltimore City Historic District, providing an opportunity for CHAP tax credits in conjunction with further improvements to the property. Bolton Hill developed largely beginning in the mid 1800s, with the neighborhood layout and architectural style of the neighborhood reflecting that era. Eutaw Place is a tree-lined boulevard with a median park, sculptures and landscaping evoking the neighborhood’s rich past. The Francis Scott Key Fountain sits opposite the property in the median park.

1208 Eutaw Place has a significant history itself. The property is marked with a reference to Dr. William Sydney Thayer, M.D., a prominent physician, professor and administrator at Johns Hopkins University, as well as chairman of a Red Cross mission in Russia during World War I. Other notable names linked to the property are Robert M. McLane, one time Mayor of Baltimore, Henry Tiffany, one of the major developers in Bolton Hill, and the Levering Family, owners of several notable businesses and donors of Levering Hall at Johns Hopkins University. Woodrow Wilson, the 28th President of the United States, is interchangeably stated to have lived at 1208 or 1210 Eutaw Place, with 1210 Eutaw Place being marked with a reference to the President. Other notable names who lived in close proximity are Daniel Coit Gilman and F. Scott Fitzgerald.

Proximity to the Maryland Institute College of Art (MICA), University of Baltimore, State Center and other major employers throughout the area has made Bolton Hill a desirable location for residents of all types. Access to Penn Station (0.7 mile), Lightrail and Metro service provide additional options for those commuting throughout the greater area.

For more information about the area, please visit:
Bolton Hill – livebaltimore.com
Bolton Hill Community Association – boltonhillmd.org
Historic Districts – chap.baltimorecity.gov

BUILDING:
The Bolton Crest Condominium comprises a three story brick building containing 7 residential condominium units. Two owners currently own all 7 units. The three story brick building is believed to have been constructed in the mid to late 1800s, and features a number of architectural details. The first, second and third floors each contain two units, with one unit and assigned storage in the basement. There are four unassigned parking spaces at the rear of the building. The property is believed to be serviced by one gas boiler, and the condominium regime is responsible for the BGE bill, water charges and other items reflected on the budget. There is a coin operated laundry facility in the building.

Condominium fees for Units A, B and C are $490 total, per month.

Block Plat

UNITS:
The sale consists of three residential condominium units as described below. All three units are currently rented, with monthly rent between the three units totaling $2,775. All three units will be sold as an entirety only. Units A and B could be connected to create a large, single unit. Units B and C have been professionally managed for the last few years, and Unit A has been self managed by the seller.

Unit A
First floor front unit containing 899 square feet. The unit features hardwood floors, ornate marble mantles, high ceilings and good natural light via the expansive windows. Arranged for a living room, kitchen, bedroom and 1.5 baths. Rented to a long term tenant for $875/month.

Unit B
First floor rear unit containing 679 square feet. The unit features hardwood floors, marble mantle and is arranged for an open living room and kitchen, bedroom and full bath. Rented for $875/month. MDE lead certificate. Rental License

Unit C
Second floor front unit with a balcony containing 1,115 square feet. The unit features a marble mantle and is arranged for a foyer, open living room and kitchen, bedroom with bow windows, full bath and balcony. Rented for $1,025/month. MDE lead certificate. Rental License

Unit Layouts

ADDITIONAL INFORMATION:
Please complete a confidentiality waiver agreement to obtain copies of the condominium documents, budget, resale certificate, leases and additional information.

TITLE:
The units are in fee simple; and sold free and clear of liens.

TAXES:
Annual property taxes based on the full value assessments as stated below.

MANNER OF SALE:
The units will be sold as an entirety only.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A deposit of $20,000, 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. If the high bidder is an online purchaser, 10% of purchase price is due by wire transfer or cashier’s check at the Auctioneer’s office, by 4:30 P.M. on the day of the 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 60 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, condominium fees 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. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to existing zoning and the existing leases of the tenants in place. Security deposits, if any, shall be adjusted to the date of settlement. Purchaser assumes the risk of loss from the date of contract forward. 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.

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