PUBLIC AUCTION

PIKESVILLE
Near Sudbrook Magnet Middle School

Shake Shingle
COTTAGE
In Need Of Repairs


HOUSE     FURNACE

Sale On Premises
7116 WALNUT AVENUE
Off Bedford Road
BALTIMORE COUNTY, MD 21208

THURSDAY, JUNE 23, 2005
AT 2:00 P.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 Mellinee subdivision of Pikesville, less than one mile from the Milford Mill Metro Subway Station and 5 minutes from I-695 (Exit 18). Ample shopping and public schools are nearby.

For a detailed community profile, see:
http://www.city-data.com/city/Pikesville-Maryland.html

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

LOCATION MAP

SITE:

Mature lot measures 60' by 130', more or less

Serviced by public water and public sewer

ZONING:

D.R. 5.5, single family residential

IMPROVEMENT
DESCRIPTION:

Desirable 2 story shake shingle sided home contains: sun room, 3 rooms and powder room, on the first floor; 2 rooms, kitchen and bath, on the second floor; full basement with kitchen, bath and laundry room; newly installed oil forced hot air furnace and oil fired water heater; 100 amp. housepower; covered rear porch.

ANNUAL REAL
ESTATE TAXES:


$737

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

1:00 p.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 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!