Arthur L. Drager, Esquire
Law Offices of Arthur L. Drager, LLC
One N. Charles St., Suite 1200
Baltimore, MD 21201
– Guardian’s Sale –
Featuring Live & Online Simulcast Bidding
– $60,000 Opening Bid –
4 PROPERTY ASSEMBLAGE
2 Adjoining Houses & 2 Lots
1115 & 1117 W. LOMBARD STREET
103 & 105 S. CARLTON STREET
Baltimore City, MD 21223
Online Bidding Opens
FRIDAY, DECEMBER 10, 2021
Live Onsite Auction
WEDNESDAY, DECEMBER 15, 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.
The subject properties, 1115 & 1117 W. Lombard Street and 103 & 105 S. Carlton Avenue, are located in the Hollins Market neighborhood in Southwest Baltimore. The properties are also located within the Hollins-Roundhouse National Historic District, providing opportunities for historic tax credits. Surrounding neighborhoods include Barre Circle, Washington Village – Pigtown, Poppleton and Union Square. Neighborhood attractions include Hollins Market itself, which is one block north along Carlton Street, and the B & O Railroad Museum, 2-3 blocks south and east. Nearby major employers include the University of Maryland, whose Baltimore Campus and Biotech Park are both within one-half mile. The location also affords excellent proximity to I-395, I-95 and MD-295, providing excellent access throughout the area.
For more information about the area, please visit:
Hollins-Market – livebaltimore.com
Southwest Partnership – swpbal.org
CityView Map – cityview.baltimorecity.gov
1115 W. Lombard Street:
1117 W. Lombard Street:
103 S. Carlton Street:
105 S. Carlton Street:
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $10,000 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, will be required of the purchaser by 4:30 p.m. on the day of auction, 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. 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 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 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. 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.
No Buyer’s Premium!
Sale by order of Arthur L. Drager,
Guardian of the Property of John M. Compher