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1019 Cathedral Street
Baltimore, MD 21201
$1,250,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Welcome to 1019 Cathedral Street, a one of a kind live/work space in the heart of Mount Vernon/Mid-Town Belvedere. A meticulous design that offers an incomparable mix of professional space with a luxurious private residence. The commercial space allows for an ideal base of operations for any enterprising creative professional, while the private residential executive living quarters with high-end finishes will have you considering a personal day, despite your short commute.***Mt. Vernon is known for its cultural offerings by being home to some of the finest art institutions, performance & educational centers, and architecturally stunning buildings in the region. The neighborhood streets are lined with restaurants, shops, and boutique hotels. It is centrally located, and moments from Baltimore Penn Station, the City’s transportation hub with Amtrak and M.A.R.C. trains providing service to D.C., Philadelphia, N.Y. and beyond. For local trips, the Charm City Circulator & Light Rail have convenient stops just blocks away.***The storefront faces Cathedral Street, a well-traveled vibrant street in the historic Mt. Vernon district, the heart of Baltimore City. Floor to ceiling windows provide exceptional business exposure and ample natural light, while the custom blinds allow for privacy when the mood calls for it. The spacious showroom/gallery has 14’ high ceilings with track lighting & and an art hanging system that accommodates the ultimate in design flexibility.***Just past the showroom and up a few steps sits a large conference room thoughtfully considered with recessed lighting and tv hookups for meetings, planning and group discussions. Numerous cabinets and an expansive countertop runs along the length of the north wall creating room for work stations, as well as a convenient place to offer coffee and cool beverages from the mini-fridge when hosting a group event. A separate dedicated office space on the second floor is complete with multiple work stations, cabinets and desktops.***A utility space beyond the formal conference room on the main floor offers a kitchenette with full-size refrigerator and microwave, plenty of storage, a nearly indestructible epoxy floor, plus a convenient half bath and access to the basement and utilities.***Direct wide-door access to a 4-car parking garage with automatic commercial overhead door is the desire of anyone considering mixed-use space.***The private residence evokes a serene, tranquil setting and is impeccably styled. The main living room with tall ceilings, crown molding, and decorative fireplace flows directly into the open kitchen perfect for entertaining with granite countertops, high-end appliances, custom cabinets and pedant, recessed and under-cabinet lighting. A half-bath just behind the kitchen is perfectly located, as it also sits near the roof-top access which would be an ideal setting for adding a deck for views of starry nights and the city skyline.***The primary suite just above the living space has a large bathroom with a walk-in shower and geometric tile, while the bedroom has a walk-in closet and convenient office nook. Just outside the door is a closet with a front loading washer and dyer and extra room for storage.***The guest suite which resides on a different level creating privacy, and is complete with a large living room ideal for movie night, while still offering a substantial bedroom, full bath and mirrored closets.***Every detail was considered in both the professional and personal aspects of the space making this a must-see.***Considering an upgrade? For a seasoned investor, this property could make an ideal 1031 Tax Exchange option.***CHAP Mt. Vernon Historic District. Subject to the Midtown Special Benefits District Surcharge Tax.
Property Information
Lot Size
-- square ft
Property Type
Commercial
Year Built
1900
MLS Number
MDBA2112684
Location
Address
1019 CATHEDRAL STREET
City
BALTIMORE
State
MD
Zip Code
21201
County
BALTIMORE (CITY WEST)
Listing
Provider
Guerillia Realty LLC, original listing
Name
Guerillia Realty LLC
Phone
(443) 841-5916
Office Name
Guerilla Realty LLC
Office Phone
(443) 841-5916
Agent Name
David Tomasko

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.