"Little Italy"

Frank G. Lidinsky, P.A., Attorneys
8600 LaSalle Road, Suite 320
Towson, MD 21286

ESTATE SALE

Two and One-Half Story
INSIDE-GROUP BUILDING
Zoned C-1 Commercial ✦ Parking Potential

Sale On Premises
1010 EASTERN AVENUE
Between S. Exeter Street and S. Central Avenue
Baltimore City, MD 21202

WEDNESDAY, DECEMBER 11, 2019
AT 12:30 P.M.

– Suggested Starting Bid: $100,000 –

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.

LOCATION:
1010 Eastern Avenue is located in the Little Italy neighborhood, immediately north of Harbor East. Little Italy is an eclectic village known as the heart of Italian culture and food in Baltimore for the last several decades, and is located in one of the most developmentally active parts of the City. Bound by the Inner Harbor, Harbor East, Fells Point and Downtown, Little Italy offers exceptional access to major employers, shopping, dining and entertainment. The neighborhood itself has a number of feasts, festivals and events throughout the year. Some of the City’s most well-known businesses, restaurants, schools and religious institutions are within a matter of blocks.

The location and zoning make the property suitable for commercial, residential or mixed uses. Proximity to the area conveniences provides attraction for those living and working nearby. For commercial uses, exposure at the location is excellent. The annual average daily traffic count is 22,942 along the corridor of Eastern Avenue in front of the property.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/little-italy/
http://www.littleitalymd.org/
https://www.roads.maryland.gov/index.aspx?PageId=838
http://cityview.baltimorecity.gov/

SITE:
Lot – 15′ x 100′, more or less

Rear concrete patio suitable for development to off-street parking. 15′ vehicle accessible alley in the rear, known as Mince Alley.

All public utilities

Zoning – C-1, Commercial. According to the TransForm Baltimore zoning district summary, C-1 districts are intended to be “Commercial clusters or pedestrian-oriented corridors of commercial uses that serve the immediate neighborhood. Ensures compatibility between neighboring residential and commercial uses.”

For more information about zoning, please visit:
https://planning.baltimorecity.gov/

IMPROVEMENTS:
Two and one-half story brick formstone front inside-group building – constructed in 1850, containing 1,384 square feet of living area and 450 square feet of basement space, according to public tax records. The building is currently arranged as a home, with potential continued residential use, or conversion to commercial or mixed use.

First floor:

• Living room – carpet, exposed brick, fireplace with brick mantle
• Dining room – carpet
• Kitchen – laminate floor, walk-out to rear patio
• Laundry area
• Powder room

Second floor:

• Bedroom – carpet
• Full bath – ceramic tile

Third floor:

• Bedroom – carpet

Basement/Mechanical:

• Unfinished basement with interior and exterior access
• Updated gas forced air furnace
• CAC
• Sump pump

TITLE:
In fee simple; sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $4,080.44, based on a full value assessment of $172,900.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
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. 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 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 the Estate of Thomas M. Leahy