REAL ESTATE AUCTION

Hamilton Area

PORCHFRONT COTTAGE
- Renovation Required -




Sale On Premises
5304 CATALPHA ROAD
Off 2300 Echodale Avenue
Baltimore, MD 21214

TUESDAY, JUNE 14, 2005
AT 11:00 A.M.


LOCATION MAP

BLOCK PLAT

       Situated on a nice homeowner block. Two story covered porchfront aluminum sided cottage, circa 1941, contains approximately 1,568 square feet of living area, plus full basement and walk-up attic. The home is arranged for 2 apartments, but is zoned R3 for single-family use. First floor contains a living room with hardwood floor and leaded glass transom, dining room, kitchen and full bath; second floor has 3 rooms and bath; unfinished stone basement with outside exit; 2 - modern gas forced hot air furnaces, 2 - gas water heaters, separate gas and electric meters, separate entrances. The home has been partially gutted and requires rehabilitation. Lot size 50' x 125', more or less. In fee simple.

       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, 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