REAL ESTATE AUCTION

ARBUTUS
"Arbutus Terrace"

Vinyl Sided
Multi-Unit
BUNGALOW




Sale On Premises
1239 VOGT AVENUE
Off Highview Road
BALTIMORE COUNTY, MD 21227

WEDNESDAY, MAY 4, 2005
11:00 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 Arbutus Terrace subdivision of the Arbutus are in southeast Baltimore County, just minutes from I-95 and I-695. Shopping and public transportation are within walking distance along Linden Avenue. For complete neighborhood profile, see:
http://www.city-data.com/city/Arbutus-Maryland.html
or http://www.epodunk.com/cgi-bin/genInfo.php?locIndex=2439

LOCATION MAP

SITE:

Front 60', Rear 60', Depths of 114.56' & 114.23'
Rear storage shed

ZONING:

D.R. 5.5, 2 dwelling units

IMPROVEMENT
DESCRIPTION:

Attractive vinyl sided detached bungalow, constructed in 1930 (according to tax records), arranged for 3 apartment units. First floor east - enclosed front porch, 3 rooms, kitchen and bathroom; First floor west - enclosed front porch, 2 rooms, kitchen and bathroom; Basement (currently rented for $600/month) - living room, dining room, updated kitchen, two bedrooms, full bathroom, powder room and laundry room; large walk-up floored attic (suitable for finishing). NOTE: THE FIRST FLOOR IS IN POOR CONDITION AND IN NEED OF RENOVATION.

ANNUAL REAL
ESTATE TAXES:

$1,716

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

10:00 a.m. on the day of the auction

DIRECTIONS:

From Sulphur Spring Road (in the heart of Arbutus), go north on Linden Avenue to Highview Avenue and turn left. Go 3 blocks to Vogt Avenue and turn right to property.
For directions from your location, visit:
http://www.mapquest.com/directions/main.adp



TERMS OF SALE

       Deposit payable by certified or cashier's check of $15,000 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 24 hours at the office of the Auctioneers. Balance to be paid in cash between June 26 and July 4. 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 existing zoning and the nature and description of the improvements as contained herein; and subject to the rights of the existing tenants, if any, 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!