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Buy It Now: $165,000
RESIDENTIAL DEVELOPMENT PROJECT
0.55± Acre Total ✦ 9 Adjoining Lots ✦ Zoned R-6
“MORRELL PARK PLACE”
1700-1706 LETITIA AVENUE &
2801-2809 HERKIMER STREET
Baltimore City, MD 21230
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.
Morrell Park Place, the concept name for the subject properties, is located in the Morrell Park neighborhood in Southwest Baltimore. Morrell Park is among the most conveniently located neighborhoods in Baltimore City, with immediate access to the area’s most significant commuter access routes, including I-95, the Baltimore Washington Parkway (MD-295), the Baltimore Beltway (I-695), I-895 and, of course, Washington Boulevard (Alt-US-1). Downtown Baltimore and the BWI Commercial Corridor, both within a few miles, provide a substantial number of major employers that are easily accessible from the location, in addition to those situated in the immediate area. Major employers in the area include United Way of Central Maryland, MDE, the Maryland Lottery, St. Agnes Hospital, UMBC and many more. In addition to being an employment center, the larger South Baltimore area is also an entertainment hub, with the Stadium Complex, Carroll Park, Horseshoe Casino and an array of restaurants within a short distance.
The Morrell Park Place offering provides an opportunity to purchase 9 adjoining residential lots in a location where housing is in demand. The orientation of the lots, and current zoning, provide good flexibility on the style and size of the development. The project is to be sold as an entirety only.
The site is comprised of 9 adjoining platted lots comprising a total of 0.55 acre, more or less. Dimensions are roughly 199.85′ along Letitia Avenue and 120′ on Herkimer Street, with a 10′ paper alley bounding the rear of the property. Individual lot sizes can be found on the plat below.
The lots are mostly level, and are partially clear, with a curb cut and apron on Letitia Avenue. The plans linked below comprise concept plans for a 9 townhome development. There are no current building permits for the project, and it is at the buyer’s discretion to determine any project feasibility in conjunction with local zoning and regulations.
Public water and sewer service is believed to be located in both Letitia Avenue and Herkimer Street.
For more information about Baltimore City, please visit:
Transform Baltimore – planning.baltimorecity.gov
In fee simple; sold free and clear of liens.
Published annual real estate taxes are as follows:
|1700 Letitia Avenue||$68.44||$2,900|
|1702 Letitia Avenue||$44.84||$1,900|
|1704 Letitia Avenue||$44.84||$1,900|
|1706 Letitia Avenue||$101.48||$4,300|
|2801 Herkimer Street||$68.44||$2,900|
|2803 Herkimer Street||$68.44||$2,900|
|2805 Herkimer Street||$37.76||$1,600|
|2807 Herkimer Street||$37.76||$1,600|
|2809 Herkimer Street||$68.44||$2,900|
SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $7,500 deposit or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer. 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. The Property will be sold subject to Baltimore City violation notices, 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 except where otherwise mandated by local, State or Federal law. Time is of the essence.
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