Buy It Now - "Hampden"

BUY IT NOW
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5 RESIDENTIAL
BUILDING LOTS
– To Be Sold As An Entirety –

3548, 3550, 3600,
3602 & 3604-3606
ASH STREET
At W. 36th Street
Baltimore City, MD 21211

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 located in the Hampden Neighborhood in North Baltimore. Neighborhoods in the near vicinity include Medfield, Woodberry and the “Jones Falls Area.” The area has seen ample development in recent years, including large mixed-use developments, residential new construction and the attraction of a large number of businesses. Nearby projects include an extensive renovation of the Robert Poole Building (home to the Academy for College and Career Exploration and the Independence School), Whitehall Mill, The Rotunda and new homes along Berry Street. Notable retail businesses in close proximity include Union Brewing, Artifact Coffee, Blue Pit BBQ and Gypsy’s Truckstaurant. “The Avenue” is approximately 5 blocks east, and I-83 (JFX) is easily accessible to the north and south via Falls Road.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/hampden/

SITE:
The site comprises five total lots. Two lots are contiguous to the south side of a paper street (W. 36th Street extended), and three lots are contiguous to the north. The site offers an opportunity for homes with substantial views throughout the Jones Falls Valley and across to Druid Hill Park. The lots are located within Baltimore City Block 3518A, and recorded at Plat Book MB page 4337. Building permit numbers BMZ2018-00277 (“SUBDIVIDE LOT INTO TWO (2) PARCELS AND CONSTRUCT A SINGLE-FAMILY SEMI-DETACHED DWELLING ON EACH LOT.”) and BMZ2018-00278 (“SUBDIVIDE LOT INTO THREE (3) PARCELS AND CONSTRUCT A SINGLE-FAMILY ROWHOUSE DWELLING ON EACH LOT.”). Permit summaries are as found on the Baltimore Housing website. Seller may obtain full construction permits in advance of the auction. Please see due diligence package below for permit numbers. Additional information will be provided as received. Zoned R-6, residential. Public water and sewer are believed to be in Ash Street.

Lot sizes are as follows:

Concept drawings, storm water management plans and additional due diligence information is available. Please complete the Waiver and Confidentiality Agreement form to obtain copies of seller provided documents.

Plat

TAXES:
Current annual real estate taxes are $250.16 total, attributable to 3550 and 3600 Ash Street. According to the Baltimore City real property tax page, the remaining properties do not yet have an assessment.

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

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. 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. Purchaser assumes the risk of loss from the date of contract forward. 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.

No buyer’s premium