REAL ESTATE AUCTION

ARBUTUS
"Arbour Manor"

Updated, 2 Story
BRICK TOWNHOME

With Central Air

FRONT VIEW      VIEW OF BLOCK      REAR PARKING PAD

Sale On Premises
1009 DOWNTON ROAD
Baltimore County, MD 21227

THURSDAY, OCTOBER 6, 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:

Prime location, within minutes of I-95, I-895, I-195, I-695 and within walking distance from the MARC Train line. Shopping and public transportation are nearby. Downtown Baltimore City is within 10 minutes to the north, Columbia 15 minutes to the south and Washington D.C. 30 minutes to the south.

For complete neighborhood profile, see:
http://www.city-data.com/city/Arbutus-Maryland.html
or
http://www.epodunk.com/cgi-bin/genInfo.php?locIndex=2439

LOCATION MAP

SITE:

18' x 107', more or less
Landscaped fenced rear yard with parking pad

ZONING:

D.R. 10.5, single family

IMPROVEMENT
DESCRIPTION:

Attractive covered porchfront townhome features: refinished hardwood floors, modern 200 ampere housepower, gas forced hot air heat and central air conditioning. The home contains: living room, dining room and kitchen (with gas range, dishwasher and walk-out to covered rear porch), on the first floor; 3 bedrooms and full ceramic tile bathroom, on the second floor; full basement with knotty pine clubroom, laundry room (with Whirlpool Heavy Duty washer and Whirlpool Gold dryer) and powder room.

ANNUAL REAL
ESTATE TAXES:


$1,198

TITLE:

Annual $96.00 ground rent; sold free and clear of all liens

INSPECTION:

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

DIRECTIONS:

From Sulphur Spring Road (in the heart of Arbutus), go south on Linden Avenue several blocks to Elm Avenue and turn right. Go several blocks to Allcroft Road and turn left. Follow one block to Downton Road and turn right to the property on the left.

For directions from your location, visit:
http://www.mapquest.com/directions/main.adp


TERMS OF SALE

       Deposit payable by certified or cashier's check of $15,000 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!