PUBLIC AUCTION
Owners Moved to Florida

BOLTON HILL

Spectacular, Brick
APARTMENT BUILDING
With 2 Car Garage



Sale On Premises
1408 EUTAW PLACE
Off 400 W. Lafayette Avenue
BALTIMORE, MD 21217

FRIDAY, MARCH 18, 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 Bolton Hill location situated within 10 minutes of Downtown Baltimore City and within one mile of I-83. For a complete description about historic Bolton Hill, see:
http://www.livebaltimore.com/neighbor/bolthil.html

LOCATION MAP

SITE:

22'6" x 130', more or less
Landscaped courtyard with fish pond
Detached 2 car garage

BLOCK PLAT

CONSTRUCTION:

Outstanding, quality built brick, three story apartment building, circa 1920, comprising 3,600 square feet, more or less. The building features three two story spacious apartments with original detail and modern updates. Amenities include 6 ornate fireplaces each with large mantled mirrors, random pine flooring, expansive ceilings, modern kitchens and bathrooms and alarm system. Rear metal fire escape with security window grating on windows bordering the fire escape.

MECHANICAL:

Gas hot water heat (first floor and lower level unit)
Newly installed Trane gas forced hot air heat and central air conditioning in the upper level apartments (about 2 years old)
Separate 30 gallon gas fired water heaters and separate electric meters
Each unit has a separate central alarm system

ZONING:

OR-2, office/residential - currently permitting 3 dwelling units.


INTERIOR DESCRIPTION

ADDITIONAL PHOTOS

Entry Foyer

Very large ornate Eastlake framed wall mirror

First Floor and Lower Level Apartment

Ideal for an owner's unit, features: great room (14' ceiling, ornate marble fireplace with mantled mirror above, spiral staircase to lower level from the living room), large dining room with fireplace, kitchen (with range), full modern bathroom, on the upper level; rear staircase to lower level and great picture window overlooking the landscaped courtyard; lower level at rear grade contains family room with wood stove, 2 bedrooms, full modern bathroom and laundry room. Rented for $1,600/month.

Second Floor and Third Floor Front Apartment

Living room (10' ceiling height, marble fireplace with ornate mantled mirror above and ornate wood window valances), modern kitchen (with range, dishwasher, disposal and oak cabinetry) and laundry closet, on the second level; bedroom and modern bathroom on the third floor. Rented for $825.00.

Second Floor and Third Floor Rear Apartment

L-shaped living room/dining room combination (10' ceiling height, ornate marble fireplace with mantled mirror above), modern kitchen (with range, dishwasher, disposal and breakfast bar), on the second level; large bedroom (with marble fireplace), laundry room/den and modern bathroom on the third floor. Rented for $875.00.

ANNUAL TAXES:

$3,690

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

9:30 a.m. on the day of the auction



TERMS OF SALE

       Deposit payable by certified or cashier's check of $40,000 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 72 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. Taxes 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 settlement 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 rights of the existing tenants, and any easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward. The purchaser waives and releases the Sellers, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Sellers are 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 Sellers 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!