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Featuring Live & Simulcast Online Bidding
– Starting Bid: $300,000 –
– Arranged for 6 Units –
Sale On Premises
1916 EUTAW PLACE
Madison Park, Baltimore City, MD 21217
Online Bidding Opens
MONDAY, NOVEMBER 15, 2021
Live Onsite Auction Begins
WEDNESDAY, NOVEMBER 17, 2021
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. Online bidding is available from Monday, November 15 and will continue through the live auction. You can choose to bid online and/or attend the live auction.
1916 Eutaw Place is located in the Madison Park neighborhood in Baltimore City. The property is within the Bolton Hill National Historic District, reflecting the historic and architectural heritage of the area, as well as providing an opportunity for CHAP tax credits. Much of the area was developed in the mid 1800s, with many of the neighborhood features and architectural styles reflecting that era. Eutaw Place is a tree-lined boulevard with a median park, sculptures and landscaping evoking the neighborhood’s rich past. The building itself is clustered among a handful of robust buildings with stone facades and a variety of embellishments.
Proximity to the Maryland Institute College of Art (MICA), University of Baltimore, State Center and Downtown has made the area a desirable location for residents of all types. Access to Penn Station (1.4 miles), Lightrail and Metro service provide additional options for those commuting throughout the greater area.
For more information about the area, please visit:
Madison Park – livebaltimore.com
Bolton Hill – livebaltimore.com
Bolton Hill Community Association – boltonhillmd.org
Historic Districts – chap.baltimorecity.gov
Lot size – 22′ x 130′, more or less. Plat
Fenced rear yard with barn door to off-street parking. 2-3 off-street parking spaces, with potential for more.
All public utilities
OR-1 – Office Residential Zoning. A mix of office and residential uses. Areas maintain a residential
character. 40′ Maximum building height.
According to the Baltimore City Zoning Office, the current permitted use for the building is 5 dwelling units.
For more information about Baltimore City Zoning, please visit:
Zoning – dhcd.baltimorecity.gov
Four story brick and stone building arranged for 6 dwelling units. According to public tax records, the building was constructed in 1920, and contains 7,450 square feet of gross building area. Actual construction date is believed to have been in the late 1800s. Features include fully self-contained units, impressive stone facade and portico, tall ceilings, wood floors and a number of architectural details. Three of the six units are two story units.
The 6 dwelling units utilize approximately 7,000 square feet on all 5 floors, including the basement, which is at grade in the rear. The balance of the lower level comprises unfinished laundry, storage and utility areas. Each unit has its own gas and electric meters, forced air heat and CAC. One unit is currently occupied by a market rate tenant, and one unit is occupied by squatters (eviction process initiated, Wrongful Detainer hearing scheduled for 11/22/21). The unit mix includes 3 two-bedroom and 3 one-bedroom units.
1F – First floor and basement front – One bedroom unit arranged as follows: open living room and kitchen, on the upper level; bedroom and full bath, on the lower level. Vacant. MDE Lead Inspection Certificate.
1R – First floor and basement rear – Very large two bedroom unit arranged as follows: living room (wood floor, fireplace mantle) and bedroom, on the first floor; large kitchen with island and sliding doors to rear yard, bedroom and full bathroom, on the lower level. Squatter occupied.
2F – Second and third floor front – Two bedroom one and one-half bath unit arranged as follows: living room (wood floor), powder room and kitchen, on the lower level; two bedrooms and full bath on the upper level. Vacant. MDE Lead Inspection Certificate.
2R – Second floor rear – One bedroom unit arranged as follows: living room (carpet, fireplace mantle), kitchen, bedroom and full bath. Vacant. MDE Lead Inspection Certificate.
3R – Third floor rear – One bedroom unit arranged as follows: living room (carpet, fireplace mantle), kitchen, bedroom and full bath. Currently rented for $690/Month. MDE Lead Inspection Certificate. Please complete a Waiver and Confidentiality Agreement form to view the lease.
4F – Full fourth floor unit – Two bedroom unit arranged as follows: living room (carpet), galley kitchen, full bath, two bedrooms (one with roof access). Vacant. MDE Lead Inspection Certificate.
Subject to an annual $120 ground rent (unregistered); and sold free and clear of liens.
Annual real property taxes are $11,783 based on a full value assessment of $499,300.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – A $30,000 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 within 24 hours, at the Auctioneer’s office.
Online Auction Bidders – A $30,000 deposit, payable by cashier’s check or wire transfer, will be required of all online bidders by 12:00 Noon on Tuesday, November 16, 2021. 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 4:30 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 30 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, ground rent, rent, 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 the existing lease(s) of the tenant(s) in place, 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 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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