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1724 Gorsuch Avenue
Baltimore, MD 21218
This vacant lot located at 1724 Gorsuch Avenue is zoned B-1-2 ("certain types of businesses or dwellings"), and has huge development potential.
The property has great access to local amenities. The property is located less than 1000 feet from Clifton Park. Clifton Park contains sports fields, the Clifton Park Golf Course, Doris M. Johnson High School, and Heritage High School. Heading Northeast from the lot, you're only a few thousand feet to Baltimore City College, which is actually the country's third oldest high school. To the Northeast is Lake Montibello, which trails.com calls "a forested marvel surrounded by a mass of humanity." Baltimore's famous Inner Harbor is 2.6 miles to the south.
The zoning B-1-2 allows for certain types of businesses or dwellings. Baltimore is a city of townhouses, and the zoning allows for a mixed-use townhouse, which refers to a storefront on the ground level with apartments above. You could build a single-family townhouse as well. The only restriction by the city is that "anything you build must be at least 30 feet from the rear property line." All development questions should be verified with the Baltimore City planning office.
Baltimore's heavy construction and development, surging population, and affordable home prices make it an ideal market for investing. Per articles in the Baltimore Sun, analysts predict a large increase in jobs that will lead to a housing crunch in Baltimore over the next 4 years. Home values in the area have been steadily rising over the last ten years, just check out the nearby comps below. Even Ritz-Carlton is building condos in the inner harbor with prices starting at $1.2 million each. There a senior development less than a mile away called the Overlook at Stadium Place.
The following info was provided by Baltimore City and should be verified prior to purchase.
| Address: |
1724 Gorsuch Ave., Baltimore, MD 21218-4926 |
| Parcel #: |
Ward - 09 Section - 17 Block - 4127 Lot - 008 |
| Lot Size: |
16 x 90 or 1440 square feet. Approximately .033 acres. |
| Annual Taxes: |
~$24 |
| Annual Ground Rent: |
None, this property is in fee simple |
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HOA:
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None
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Please note that 1724 is the right 16 feet of the lot in the pictures. The left 18'7" is 1722 Gorsuch Ave. 1722 Gorsuch Ave is owned by the Mayor's Office and City Counsel. It was purchased in March of 1997 (before the real estate boom) for $16,000!
About Us
We are a Maryland-based company connecting private investors like you with affordable real estate. By operating primarily on the internet, we keep our overhead costs low and are often able to price properties below market value.
Auction Disclaimer
All property is sold as is, where is, with no warranties expressed or implied. It is the duty of prospective buyers to research properties to their satisfaction prior to bidding, and a bid shall constitute a binding contract, in which the buyer is agreeing to abide by the Terms of the Auction.
Terms of Auction / Settlement Terms
This is a cash sale, you are bidding on the full purchase price. No seller financing is available on this property. Buyer must have cash or mortgage ready at auctions close. Winning bidder agrees to pay $1,000 non-refundable deposit via certified check or wire transfer within 48 hours of the auctions close, no exceptions. Closing to occur within 2 weeks of auction's close. Closing will be handled by a settlement agent of the buyer's choice. Buyer will pay actual closing costs directly to settlement agent. Seller will deliver property free and clear of any liens and/or back taxes.
Thanks for looking and good luck with your investments!
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