PUBLIC AUCTION

 LOCUST 
   POINT   

Well Located, 2 Story
TOWNHOME
Water View

FRONT VIEW     WATER VIEW

Sale On Premises
1148 COOKSIE STREET
Off 1500 Marriott Street
BALTIMORE, MD 21230

THURSDAY, JUNE 2, 2005
AT 11:00 A.M.


      THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE. HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.

GENERAL INFORMATION

LOCATION:

Location, location and location! Situated in one of Baltimore's hottest neighborhoods, "Locust Point." From 1500 E. Fort Avenue, go north on Cooksie Street to the end. Only one block from the Baltimore Harbor. The property is situated within walking distance of public transportation and within 5 minutes of the Downtown Baltimore business district and the Inner Harbor.

For a detailed history of South Baltimore and Locust Point, see:
http://www.southbaltimore.com/miscellany/history1.html

For a complete detailed neighborhood plan, see:
http://www.arch.umd.edu/URSP/Research/studiorpts/locustpnt-spr02/

LOCATION MAP

SITE:

12' x 70', more or less

BLOCK PLAT

ZONING:

R-8, Single family residential

IMPROVEMENT
DESCRIPTION:

Two story formstone front townhome contains: living room, dining room, updated kitchen, 2 bedrooms and modern bath; basement; gas forced hot air heat with modern furnace. Note: The home is in need of repairs.

ANNUAL REAL
ESTATE TAXES:


$1,501

TITLE:

Annual $36.00 ground rent; sold free and clear of all liens

INSPECTION:

10:00 a.m. on the day of the auction


TERMS OF SALE

       Deposit payable by certified or cashier's check of $10,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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. Taxes, ground rent and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward. 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE. No buyers premium!