REAL ESTATE AUCTION

CHARLES VILLAGE AREA
"Abell Neighborhood"

VICTORIAN COTTAGE
- Renovation Required -



Sale On Premises
3115 BARCLAY STREET
Off 400 E. 31st St.
Baltimore, MD 21218

WEDNESDAY, NOVEMBER 30, 2005
AT 2:00 P.M.


       Two story stucco detached cottage, circa 1900, features covered front porch, fenced rear yard, hardwood floors, gas forced hot air heat, 100-amp. electric; living room, dining room and kitchen on the first floor; 3 bedrooms and bath on the second; full basement; lot size 21' x 110', more or less; subject to an annual $96 ground rent. 2005 Annual Real Estate Taxes: $1,619.50. The home is well located but requires updating and cosmetic repairs.

       For neighborhood descriptions from LiveBaltimore.com, click:
Charles Village or Abell

       LOCATION MAP & DIRECTIONS

       BLOCK PLAT

       TERMS OF SALE: A $7,500 deposit, payable by certified check or 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 within 24 hours at the Auctioneer's office. Balance to be paid in cash within 45 days. If payment of the 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 sale to date of settlement. All adjustments, including taxes, ground rent, all other public charges and assessments payable on an annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale 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. Purchaser assumes the risk of loss from the date of sale forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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 and transfer taxes to be paid by the purchaser. Time is of the essence.

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