Real Estate Auction
Owner Relocated to Eastern Shore

PASADENA AREA

BRICK RANCHER



Sale On Premises
7802 SHELLBOURNE DRIVE
(a/k/a 7802 Shelbourne Drive)
From 8000 Ft. Smallwood Rd. turn
south on Kingsway to Shellbourne
Anne Arundel Co., MD 21226

THURSDAY, OCTOBER 6, 2005
AT 12 NOON


LOCATION MAP

LOCATION SURVEY

       All brick rancher contains living room, dining room, eat-in kitchen with updated oak cabinets and GE range/oven, Whirlpool refrigerator, Kenmore dishwasher, 2 bedrooms, bath, laundry/utility room, scuttle attic, hardwood floors, oil forced hot air heat, public water and sewer. Some renovation is required. Lot size 55' x 115' (70.85' rear x 102.25' side 2), more or less. Mature woods in rear. In fee simple. Annual real estate taxes are approximately $1,269. The home is located in a terrific neighborhood near marinas, public beaches, schools, shopping and major employment centers.

       TERMS OF SALE: A $10,000 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 30 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, 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. Broker participation is invited. A 5% buyers premium will be added to the final bid.