PUBLIC AUCTION

FRANKFORD

Attractive, Brick
CAPE COD HOME

With Garage

HOUSE     GARAGE

Sale On Premises
5400 SUMMERFIELD AVENUE
Off 4806 Frankford Avenue
BALTIMORE, MD 21206

WEDNESDAY, JULY 6, 2005
AT 12:00 NOON


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 Frankford neighborhood of northeast Baltimore City, off 4806 Frankford Avenue, and only minutes from I-695 and I-95. The property is situated within walking distance of public transportation and ample shopping along Belair Road and in Rosedale. Downtown Baltimore City is located approximately 15 minutes to the southwest.

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

LOCATION MAP

SITE:

Landscaped lot fronts 48' along Summerfield Avenue with depths of 105', more or less
Serviced by public water, public sewer and natural gas
Detached garage

BLOCK PLAT

ZONING:

R-3, single family residential

IMPROVEMENT DESCRIPTION:

Attractive brick rancher (believed to be constructed in 1942) features hardwood floors, plaster walls, and contains: living room with fireplace, dining room, updated kitchen (with gas range) and enclosed front porch, on the first floor; 2 bedrooms and bathroom, on the second floor; full basement with laundry area, flush and walk-out; gas forced hot air heat; modern housepower

ANNUAL REAL
ESTATE TAXES:


$1,519

TITLE:

Annual $90 ground rent; sold free and clear of all liens

INSPECTION:

11:00 a.m. on the day of the auction



TERMS OF SALE

      Deposit payable by certified or cashier's check of $7,500 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 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 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. 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!