The next unusual auction coming to our area is over in Baltimore's Patterson Park neighborhood—near the rapidly expanding (and job-creating) Johns Hopkins University. A property owner there wants to unload an entire bundle of row houses in one fell swoop and so off to auction they go. Called the Harbor House portfolio, these babies were all renovated between 2000 and 2008 and are being marketed as one single purchase for any investors who want a rental income (or who want to sell off individual houses once they sign on the dotted line). The suggested opening bid is $3,750,000, which works out to just over $36,000 per house. Since houses in that area are going for at least $100,000, we can't help but think someone is going to get a good deal. The auction takes place on Dec. 6 at the Westin BWI hotel with registration at 11am. Check out the website for a schedule of the open house times.
· Baltimore Rowhouse Auction [SheldonGood&Company]