Real Estate Auction
Rehab. Opportunity!


2 - TOWNHOMES
Located In The
BARRE CIRCLE
HISTORIC DISTRICT




Sale On Premises
829 & 831 BOYD STREET
Downtown Baltimore, MD 21201

TUESDAY, NOVEMBER 15, 2005
AT 2:00 P.M.


LOCATION:

The properties are located one half block west of the University of Maryland Downtown Campus, east of Parkin Street, north of Lombard Street, west of Martin Luther King, Jr. Boulevard and south of Hollins Street in one of Baltimore's hottest rehab. areas. The site is within the National Register of Historic Places "Barre Circle" historic district, providing an opportunity for historic tax credits.

For more neighborhood information, visit:
http://www.livebaltimore.com/nb/list/barre/

LOCATION MAP & DIRECTIONS

SITE:

Two contiguous rectangular lots
829 - 12'3" x 62'5", more or less
831 - 12' x 42', more or less

BLOCK PLAT

HOMES:

829 - Three story semi-detached townhome, requiring renovation, containing open first floor, 2 bedrooms on second, third floor loft, full basement

831 - Two story semi-detached townhome, with some renovation work, containing open first floor, bedroom and bath on second, full basement

ZONING:

R9, residential

TAXES:

2005 real estate taxes were:
829 - $18.06
831 - $12.20

TITLE:

829 - Deed Liber 3131, page 420; in fee simple
831 - Deed Liber 1309, page 211; in fee simple

The properties will be sold free and clear of liens.

MANNER OF SALE:

Manner of sale will be announced at time of sale.

TERMS OF SALE:

A $3,000 DEPOSIT ON EACH PROPERTY ($6,000 IF SOLD TOGETHER), 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, 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.

NO BUYER'S PREMIUM

BROKER
PARTICIPATION:


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