"Tuscany-Canterbury - Highfield House Condominium"

ONE BEDROOM
CONDOMINIUM UNIT

Known As
4000 N. CHARLES STREET
Unit #505
Baltimore City, MD 21218

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:
The Highfield House Condominium is an architecturally significant building located in Tuscany – Canterbury in the heart of North Baltimore. Bound by Guilford, Roland Park and Johns Hopkins University Homewood Campus, the Tuscany – Canterbury neighborhood is among the most desirable in the City. The location provides proximity to major employers, such as Johns Hopkins and Loyola University of Maryland, as well as cultural and entertainment cornerstones, including the Baltimore Museum of Art and Sherwood Gardens. The architectural quality of the area is a substantial draw for both residents and visitors. In addition to Highfield House, The Scottish Rite Masonic Center, Warrington Condominiums and a number of late 19th and early 20th century revivalist homes are all within a few blocks. Ample shopping and dining options are clustered throughout the area.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/tuscany-canterbury/
https://www.tuscanycanterbury.org/
https://www.jhu.edu/life/campuses/homewood/
https://guilfordassociation.org/

BUILDING:
The Highfield House Condominium was designed by world renowned architect Ludwig Mies van der Rohe. The building was constructed in the early 1960’s, and completed as an apartment building in 1964. Conversion to condominiums took place in 1979. The building was added to the National Register of Historic Places in 2007. The building has been referred to as a modernist masterpiece, and has been written about numerous times in both architecture and print publications, including by well-known Baltimore journalist Jacques Kelly in his 2014 article celebrating the building’s 50th anniversary. The resurgence in interest in mid-century modern architecture and design has positioned the building well in the current marketplace.

The building comprises a 15 story elevator building containing 155 units. Features include a well appointed lobby, on-site parking (fee based), pool, fitness center, party room and security.

February 2019 Newsletter – Seller shall be responsible for the full cost of any special assessment incurred prior to the date of contract.

UNIT 505:
Fifth floor rear facing unit containing 830 square feet. Arranged as follows

• Living room and dining room combination
• Galley kitchen – laminate floor
• Bedroom – carpet
• Bathroom – ceramic tile floor, shower/tub
• Utility room

Needs updating and cosmetic repairs

CONDOMINIUM FEE:
Monthly condominum fee is $666.56. Condominium Resale Package.

TAXES:
Published annual real estate taxes are $2,714 based on a full value assessment of $115,000. 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

SUMMARY TERMS OF SALE:
Please see contract of sale for complete terms.
A 10% deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. 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, condominium fees, special assessments, 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, and subject to the Declaration and Bylaws of Highfield House Condominium. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of rescission under Maryland Condominium Law, having received and reviewed the Condominium Resale Package. 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!