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Featuring Live & Online Simulcast Bidding
$60,000 Opening Bid
5,700 Sq. Ft. ◆ Drive-In Loading
10 S. BOULDIN STREET
Off 3200 E. Lombard Street
Baltimore, MD 21224
Online Bidding Opens
FRIDAY, APRIL 16, 2021
Live Auction Begins
WEDNESDAY, APRIL 21, 2021
AT 10:30 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.
10 S. Bouldin Street is situated in the Patterson Park neighborhood of east Baltimore, a well established neighborhood on the rise, two miles southeast of the Downtown business district. The surrounding area is a mixture of residential, commercial and industrial land uses. Many area homes have been renovated and some neighborhood commercial structures have been converted into multifamily buildings. The auction provides an opportunity for the continued use of the current building configuration or for potential redevelopment.
As published by LiveBaltimore.com, “The Patterson Park neighborhood in Southeast Baltimore is a designated historic district within walking distance of some of the city’s best restaurants, nightlife and cultural activities. Mid-nineteenth century rowhouses surround the lush 155-acre city park that gives the neighborhood its name and provides endless opportunities for recreation and entertainment. Residents of all ages and backgrounds enjoy living in a community where neighbors greet each other on the streets and socialize together at annual events like the Patterson Park Home and Garden Tour.”
L-shaped lot fronts 52’9″ along the west side of Bouldin Street, by a depth of 70′, and comprises approximately 4,024 square feet. The majority of the site is paved and improved by the building. The rear is bounded by a public alley. Plat
All public utilities are at the site.
Zoning R-8, residential, with a former permitted use as an auto repair facility
One story brick and concrete block building, originally constructed as a church and later converted to an industrial building. The first floor comprises approximately 3,761 square feet and the lower level approximately 2,000 square feet. The building has a composition shingle roof, on the main portion and built-up roof on the front section. The main level has two drive-in doors. The lower level has one drive-in door.
Interior ceiling heights range from 10′ to 20′. Each level has a rest room. Most floors are poured concrete. One section has wooden flooring that is sturdy enough to support a truck. The building currently has 200 amp. electrical services, but appears to have been previously wired for a three-phase meter.
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book FMC 4479, Page 262; also known as 10-12-14 S. Bouldin Street.
Published annual real estate taxes are $3,823, based on a full value tax assessment of $162,000.
TERMS OF SALE:
Please see the contract of sale for complete terms.
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. If purchased by an online bidder, the full 10% deposit is due by 4:30 p.m. on the day of sale, payable by wire transfer or cashier’s check, 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 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.
No buyer’s premium