Real Estate Auction

BOLTON HILL

5 Bedroom3 Bath
BRICK TOWNHOME

Zoned for 3 Apartments




Sale On Premises
222 LAURENS STREET
Off 1800 Bolton Street, Baltimore, MD 21217

THURSDAY, DECEMBER 15, 2005
AT 2:00 P.M.


LOCATION:

222 Laurens Street is in the Bolton Hill neighborhood, as designated by National Register of Historic Places, providing an opportunity for historic tax credits. The home is located on a nice block, east of the 1800 block of Bolton Street and west of the 1700 block of Park Avenue.

For a neighborhood description, visit:
http://www.livebaltimore.com/nb/list/bolton/

LOCATION MAP & DIRECTIONS

HOUSE:

Circa 1890 three-story stone and brick townhome, features double-door entry vestibule, lead glass transom, many original features, rear deck and fenced rear yard with parking potential. Throughout the years the home has been used as a single family residence and as a three apartment building. It is currently arranged for a single family home.

First Floor

Entry vestibule

Living Room - carpeting, fireplace mantle

Dining Room - carpeting, fireplace mantle


Kitchen - vinyl floor, range/oven, refrigerator, exit to Mud Room, deck and rear yard

Full Bathroom

Second Floor

Large Front Bedroom - carpeting

Full Bathroom - vinyl floor, footed bathtub

Rear Bedroom - carpeting, rear porch

Third Floor

3 Additional Bedrooms - carpeting

Full Bath - vinyl floor

Basement

Unfinished, outside exit

Laundry Area with stacking washer/dryer

Mechanical

Gas hot water furnace (approximately 2 years old) with radiators


100-ampere electrical service, 2 electric meters

Gas 40-gallon water heater

Steel fire escape

SITE:

Rectangular lot - 15' x 100', more or less; public park in the rear

BLOCK PLAT

ZONING:

R7, residential - 3 dwelling units

TITLE:

The property is sold free and clear of liens and subject to an annual $120 ground rent. Deed Liber 1551, Page 1.

TAXES:

2005 annual real property taxes - $3,732.96

INSPECTION:

1:15 P.M.

TERMS OF SALE:

A $15,000 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, ground rent, 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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