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This Auction has been CANCELED.
Featuring Live & Online Simulcast Bidding
– $300,000 Opening Bid –
1.102 ± Acre Residential
1100 FALLS HILL DRIVE
Off 4200 Block of Falls Road (MD-25)
Baltimore, MD 21211
– CANCELED –
Online Bidding Opens
MONDAY, JUNE 27, 2022
Live Onsite Auction
THURSDAY, JUNE 30, 2022
AT 2:00 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.
1100 Falls Hill Drive is located in the Hoes Heights neighborhood, Hampden area, of northern Baltimore City. The property is situated east of Falls Road, south of Roland Heights Avenue and north of 43rd Street. The surrounding neighborhood is a mixture of housing styles, but predominantly row homes. According to LiveBaltimore.com, approximately 64% of neighborhood residents own their homes.
The neighborhood is within walking distance of The Avenue in Hampden, the neighborhood commercial district, featuring restaurants, shops and attractions. Metro Light Rail is close by, as is the Jones Falls Expressway (I-83). The neighborhood is convenient to Johns Hopkins and Loyola Universities, numerous public parks and The Rotunda Shopping Center. This very desirable location has few development properties. The auction presents a unique opportunity to purchase a parcel approved for sixteen homes with engineering plans.
The parcel is presently unimproved and wooded, situated along Falls Hill Drive at Hickory Avenue. The lot slopes upward from south to north. Falls Hill Drive is a concrete paved, residential roadway with concrete curbing, sidewalks, storm drainage and public street lighting. Properties along Falls Hill Drive consist of townhomes and garden apartments.
Public water, public sewer, gas, electricity, telephone and internet service are available to the site.
Extensive engineering plans have been prepared by D.S. Thaler & Associates, LLC and approved by Baltimore City. Those plans provide for sixteen townhouse lots, each 16′ wide or more with depths ranging from 90′ to 111′. The lots are situated on a private roadway leading from Falls Hill Drive and is an extension thereof.
Zoning R-6, residential
The property has nineteen tax bills – sixteen for the townhouse lots and three common area lots.
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book MB 19311, Page 157. The property is owned by Falls Hill Holding, LLC, a single asset company, and the purchaser shall have the option of purchasing the LLC.
SUMMARY TERMS OF SALE:
Please see the Contract of Sale for complete terms.
Live Auction Bidders – A $50,000 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 10% deposit, payable by cashier’s check or wire transfer is due by 4:00 p.m. on the day of 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 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. 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. A 6% buyer’s premium will be added to the final bid price.
Auction Conducted in Collaboration with Cushman & Wakefield