"Locust Point"

REAL ESTATE AUCTION

TWO SIDE-BY-SIDE
TWO STORY TOWNHOMES
– Each 1,368± Sq. Ft. Plus Basement –

– Large Rear Yards –

Sale On Premises
1430 & 1432 E. FORT AVENUE
Near Hull Street
Baltimore City, MD 21230

– POSTPONED –
WEDNESDAY, AUGUST 29, 2018
AT 11:00 A.M.

– SUGGESTED OPENING 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:
1430 and 1432 E. Fort Avenue are located in the Locust Point neighborhood in South Baltimore. World famous as the home of the Fort McHenry National Monument and Historic Shrine, Domino Sugar and the Under Armour Global Headquarters, Locust Point has been a cornerstone of Baltimore City life for centuries. Still maintaining its roots in shipping and industry, the neighborhood has seen a significant amount of both business and residential development over the last couple of decades. These include new apartments, new townhomes, condominium projects, office buildings, retail and mixed-use projects. The neighborhood offers a tucked-away community feel with exceptionally convenient access to some of the largest employers in the area. The recently updated Latrobe Park offers ample recreational opportunities, and shopping, dining and entertainment are all within close proximity.

The auction presents an opportunity buy homes with ample yard space, a rarity in much of South Baltimore. The properties will be offered both separately and as an entirety, offering options for buyers who want to buy one or both homes. Those buyers who are interested in purchasing both homes can benefit from the efficiencies of renovating side by side properties, or having the rare opportunity to create one very large townhome with the potential for more than 2,700 interior square feet plus basement. There is also good potential for CHAP tax credits.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/locust-point/
http://southbmore.com/

SITE:
Rectangular lots: Each 12’11” x 97′, more or less

Rear yards

Street parking and after hours surface parking at the adjacent Key Elementary and Middle School

Zoned: R-8 Residential, single family

IMPROVEMENTS:
Two 2-story inside-group townhomes – the homes were constructed in 1875, each containing 1,348 square feet of living area and 624 square feet of basement space, according to public tax records. The homes are interconnected on the first and second floors, and are arranged as one home containing 6-7 bedrooms, 3 full baths, 2 living rooms, den, dining room, kitchen and laundry area. The basements are unfinished. Each home has separate entrances, stairways, gas forced air furnaces, central air conditioning and water heaters. The properties require renovation.

TAXES:
Current annual real estate taxes are:

1430 E. Fort Avenue – $5,921.24 based on a full value assessment of $250,900
1432 E. Fort Avenue – $5,962.94 based on a full value assessment of $252,667

Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
1430 E. Fort Avenue is subject to an annual ground rent of $60, due in semi-annual installments on March 20 and September 20

1432 E. Fort Avenue is in fee simple

The properties will be sold free and clear of all liens