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This Auction has been CANCELED.
REAL ESTATE AUCTION
Featuring Live and Online Simulcast Bidding
$150,000 Opening Bid
Near Federal Hill
6 Bedrooms ◆ 2.5 Baths
7 W. RANDALL STREET
Off 1600 S. Charles Street
Baltimore, MD 21230
– CANCELED –
Online Bidding Opens
FRIDAY, AUGUST 6, 2021
Live Onsite Auction
WEDNESDAY, AUGUST 11, 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.
7 W. Randall Street is located just south of Federal Hill. The property was formerly operated by Baltimore Community Action Partnership as a half-way house. The property was upgraded with a steel fire escape and wet fire sprinkler system. The property is suitable for that use, but would also make a beautiful single family home.
The property is located in the South Baltimore neighborhood in Baltimore City. Surrounding neighborhoods include Federal Hill, Riverside and Sharp-Leadenhall. The centrally located property is conveniently within a half mile of the recently renovated Cross Street Market – where residents can find coffee shops, food vendors, produce stands, rooftop dining and more. Riverside Park, also within a half mile, includes a public pool, gazebo, ball fields, play ground, annual concerts and events. Significant development is going on in the area, including major projects along Key Highway, Port Covington development, new restaurant and retail operations, new home and apartment construction and a significant amount of existing home renovations. Well known coffee shops, restaurants and taverns are along Fort Avenue and Key Highway, as are Charm City Circulator and MTA bus stops. University of Maryland Shuttle service is along Light Street.
L-shaped corner lot fronts 13′ along the south side of W. Randall Street by 103′ along the east side of Olive Street, comprising 1,845 square feet of land. Plat
Fenced rear concrete parking pad with space for 4 cars
Concrete rear patio
All public utilities
Zoning R-8, residential – last permitted use was for a rooming house
Three Story End-of-Group Townhome, built in 1900, containing 2,226 square feet of living area and 882 square feet of basement space, according to published tax records.
Exterior – brick construction, vinyl-clad double-hung windows, steel fire escape, built-up roof
Mechanical – gas hot water baseboard heat, gas water heater, 200 ampere electrical service, wet fire suppression system
The property is sold free and clear of liens, subject to an annual $32.50 ground rent, payable half-yearly on the first days of January and July in each and every year.
Published annual real estate taxes are $8,425, based on a full value assessment of $350,900. 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: Assessment Appeal Process.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – A $15,000 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 by cashier’s check or wire transfer is 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 30 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, 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. A 5% buyer’s premium will be added to the final bid price.