PUBLIC AUCTION

WILSON HEIGHTS
Great Homeowner Area!

Unique, 3 Story
MANOR HOUSE

3,000± Sq. Ft. 3 Apartments

FRONT OF HOUSE      REAR VIEW

Sale On Premises
4508 LUERSSEN AVENUE
Off 3816 Moravia Road, Corner of Grenton Avenue
BALTIMORE, MD 21206

FRIDAY, SEPTEMBER 9, 2005
AT 11:45 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:

Situated in the well maintained Wilson Heights neighborhood of northeast Baltimore City. The home is situated approximately 10 minutes from the Downtown Baltimore City business district. Public transportation is within walking distance along Moravia Road and Belair Road. Ample shopping is readily accessible along Belair Road. Public schools are nearby.

LOCATION MAP

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

4500 BLOCK     STREET VIEW

SITE:

Great lot measures 81' along Luerssen Avenue and 125'8" along Grenton Avenue, comprising 0.23 acre, more or less
Serviced by public water, public sewer and natural gas
2-Car concrete driveway
Stone entry and retaining walls
Flagstone walkways

BLOCK PLAT

ZONING:

R-4, three dwelling units

IMPROVEMENT
DESCRIPTION:

Former manor house, this unique home comprises 3,080 square feet (according to tax records) and features: covered front porch, aluminum siding, hardwood floors, stained glass windows, enclosed side porch and gas hot water heat. The home has been converted to three apartments and is arranged as follows:

First Floor - entry foyer, living room, kitchen with walkout to enclosed porch (features freestanding coal stove), 2 bedrooms, den and full bathroom.

Second Floor - living room, eat-in kitchen, two bedrooms and full bathroom.

Third Floor - living room/kitchen combination, 3 rooms and full bathroom.

Basement - with laundry room

Note: The home is in need of repairs and could easily be converted back to a large single family residence.

ANNUAL REAL
ESTATE TAXES:

$2,544.00

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

10:45 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 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. 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 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. 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 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!