PUBLIC AUCTION

RIVERSIDE PARK
"South Baltimore"

2 - Shell
TOWNHOMES

Ready for Rehab!

Sale On Premises
1735 & 1737 WILLIAM STREET
Off 223 E. Heath Street
BALTIMORE, MD 21230

TUESDAY, JUNE 7, 2005
AT 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:

One of Baltimore's hottest neighborhooods, just south of Federal Hill! The property is located only one block from Riverside Park and within walking distance of public transportation and within 5 minutes of the Downtown Baltimore business district and the Inner Harbor.

For a detailed neighborhood profile, see:
http://www.livebaltimore.com/nb/list/riversd/

LOCATION MAP

SITE:

Each house lot measures: 13' x 66', more or less

BLOCK PLAT

ZONING:

R-8, Single family residential

IMPROVEMENT
DESCRIPTION:

Two adjacent townhomes that have been completely gutted and are ready for renovation. Photos coming soon.

ANNUAL REAL
ESTATE TAXES:

1735 William Street - $1,559
1737 William Street - $1,450

TITLE:

1735 William Street - fee simple
1737 William Street - Subject to an annual $40 ground rent
Both properties are being sold free and clear of all liens

INSPECTION:

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


TERMS OF SALE

       Deposit payable by certified or cashier's check of $10,000 on each property 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 properties 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 rents (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 properties 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 Sellers are 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!