628 Portland St

REAL ESTATE AUCTION
Featuring Live & Simulcast Online Bidding
$150,000 Opening Bid
RIDGELY’S DELIGHT
– Next to Babe Ruth Museum –
THREE STORY SHELL BUILDING
Arranged as 2 Dwelling Units ? 3,952 Sq. Ft. GBA
Sale On Premises:
628 PORTLAND STREET
Corner Emory Street
Baltimore City, Maryland 21230
Online Bidding Opens
TUESDAY, DECEMBER 3, 2024
Live Onsite Auction Begins
THURSDAY, DECEMBER 5, 2024
AT 1:00 P.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.
GENERAL INFORMATION:
628 Portland Street is an end-of-group shell building next to the Babe Ruth Museum, two blocks from Camden Yards and two blocks from University of Maryland Baltimore. The location is very well demanded among University of Maryland students and staff, in addition to those working at other large and small companies in the immediate area. Access to major commuter routes is optimal, with I-395, I-95, MD-295 and I-83 all easily accessible from the location. The building has been gutted, partially re-framed and with further stabilization efforts, leaving a blank canvas for development as a multi-unit or single family residence.
LOCATION:
The property is located in the Ridgely’s Delight neighborhood in South Baltimore. Nearby neighborhoods include Barre Circle, Washington Village – Pigtown, University of Maryland, the Stadium Area & Entertainment District, Otterbein and Federal Hill. The property is ideally situated among some of Baltimore’s most well-known institutions and destinations, including Camden Yards, M&T Bank Stadium, the Baltimore Convention Center, and the aforementioned University of Maryland Baltimore Campus, which includes a hospital, medical school, law school, biomedical research campus and more. The Babe Ruth Birthplace and Museum is immediately behind the property. Access to major commuter routes is excellent, with relatively immediate access to I-395, I-83 straight down Pratt Street and many other significant commuter routes in the immediate proximity. Ridgely’s Delight itself is a National Historic District, and CHAP tax credit eligible, with history going back about 200 years. The neighborhood is home to about 400 residences, and is well known for its historic architecture in addition to the proximity to the Stadiums and UM campus. Please find a link below to the Ridgely’s Delight Neighborhood and Association for more information about the neighborhood, in addition to architectural guidelines.
For more information about the area, please visit:
Ridgely’s Delight – www.ridgelysdelight.org
Neighborhoods – livebaltimore.com
City Of Baltimore – www.baltimorecity.gov
CityView Map – cityview.baltimorecity.gov
Community Development Map – cels.baltimorehousing.org
SITE:
Lot size – 19’6? x 70', more or less. Plat
Fronting on Portland Street & Emory Street
All public utilities.
ZONING:
R-8, residential, vacant, formerly approved for two dwelling units
For more information about zoning, please visit:
Department of Planning – planning.baltimorecity.gov
IMPROVEMENTS:
Three story end-of-group brick rowhome – constructed in 1900 and containing 3,952 square feet of gross building area, according to public tax records. The building is believed to have been expanded in stages, with the original structure being older than the stated date in the tax record.
The building has been gutted with some new framing, new asphalt shingle roof on the three level portion of the building and some stabilization work completed on joists and subfloor. The property is otherwise loosely arranged as two dwelling units and in need of full build-out.
TITLE:
In fee simple; sold free and clear of all liens.
TAXES:
Current annual real estate taxes are $6,940.76, based on a full value tax assessment of $294,100.
SUMMARY TERMS OF SALE:
Live Auction Bidders – a $20,000 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 with 24 hours at the Auctioneer’s office (wire or cashier’s check).
Online Auction Bidders – a $20,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction.
List price is opening bid only. 5% buyer's premium applies. See sample contract for complete terms of sale.