INVESTMENT AUCTION

Commercial & Residential
TOWNHOMES


Sales On Premises
THURSDAY, SEPTEMBER 22, 2005

AT 10:30 A.M.
2429 REISTERSTOWN ROAD

Storefront Building & 3 Apartments

       "Parkview" neighborhood, just south of Gwynns Falls Parkway, 21217. Three story brick storefront commercial townhome contains: beauty salon in the first floor front (rented for $600/month), 3 self-contained apartments (vacant) on each floor all containing: living room, kitchen, 2 bedrooms and bath, individual gas forced hot air furnaces and separate gas and electric meters. Zoned B-1-2, commercial space and 3 dwelling units. Lot size: 20' x 95', more or less. In fee simple. DEPOSIT: $5,000.

LOCATION MAP

BLOCK PLAT

AT 11:00 A.M.
1040 N. STOCKTON STREET

"Sandtown-Winchester"

       Off 1201 Riggs Avenue, 21217. Located in a redevelopment area with new housing less than one block north. This 3 story brick townhome home has been partially renovated and contains: living room and kitchen, on the first floor; 2 bedrooms and bathroom, on the second floor; 2 bedrooms, on the third floor; basement; newly installed gas forced hot air heat and central air conditioning; replacement windows. Lot size: 12' x 53', more or less. Annual $36 ground rent. DEPOSIT: $2,500.

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BLOCK PLAT
Above: 1040 N. Stockton Street
Below: 1100 Block of N. Stockton Street





AT 11:30 A.M.
2115 MCHENRY STREET

"Bentalou-Smallwood"

       Off 300 S. Pulaski St., 21223. Renovated 2 story townhome features: drywall throughout, and replacement windows and contains: living room (with hardwood floors), dining room and kitchen (with marble floor), on the first floor; 3 bedrooms and bathroom, on the second floor; basement; gas forced hot air heat. Lot size: 12' x 68', more or less. Annual $42 ground rent. DEPOSIT: $2,500.

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AT 12:15 P.M.
410 LYNDHURST ST.

"Edmondson"

       Great block! Located south of the 3800 block of Edmondson Avenue, 21229. Two story covered porchfront townhome contains: living room, dining room, kitchen and breakfast room, on the first floor; 4 bedrooms and bathroom, on the second floor; full basement. Lot size: 21' x 105', more or less. Brand new roof (completely reconstructed). Note: The interior of the home is in need of total renovation. Annual $96 ground rent. DEPOSIT: $3,000.

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BLOCK PLAT


       TERMS OF SALE: Deposits as stated above payable by certified or cashier's check will be required of the purchaser at time and place of sale. The deposits are 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 (if any) 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 Seller, 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 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!