PUBLIC AUCTION

CLAREMONT
"Highlandtown Area"

3 - Townhomes
RE-DEVELOPMENT
POTENTIAL

Zoned M-2-2


FRONT VIEW      STREET VIEW - WEST      STREET VIEW - EAST

Sale On Premises
3711-3715 E. BALTIMORE STREET
Off Conkling Street
BALTIMORE, MD 21224

WEDNESDAY, MARCH 1, 2006
AT 3:00 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:

Prime location in the Claremont neighborhood of east Baltimore City, adjacent to the Vaccaro's Italian Pastry Shop distribution center. Many of the area properties are undergoing or have undergone complete renovation. The site is situated less than one mile from I-895 and I-95, and within 15 minutes of the Downtown Baltimore business district.

LOCATION MAP

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

AERIAL PHOTO

BLOCK PLAT

LEGAL DESCRIPTIONS

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INSPECTION:

All properties will be open for inspection at 2:00 p.m. on the day of the auction

ZONING:

The entire site is zoned M-2-2, industrial. Re-development potential exists for numerous uses from residential to retail to manufacturing.

For a list of permitted uses under this zoning, visit:
www.ci.baltimore.md.us/government/legislative/zoning/index.html


3711 E. BALTIMORE STREET


FRONT VIEW      REAR PARKING AREA

SITE:

31' x 113'6", more or less
Large fenced parking area
Serviced by public water, public sewer and natural gas

IMPROVEMENTS:

Two story detached townhome contains: living room, den, dining room and eat-in kitchen, on the first floor; 3 rooms and bathroom, on the second floor; full basement. Note: The home is in poor condition and in need of total renovation.

ANNUAL REAL
ESTATE TAXES:


$1,187

TITLE:

In fee simple; sold free and clear of all liens


3713 E. BALTIMORE STREET



SITE:

15' x 105', more or less
Serviced by public water, public sewer and natural gas

IMPROVEMENTS:

Two story semi-detached townhome contains: living room, dining room and kitchen, on the first floor; 2 rooms, kitchen and bathroom, on the second floor; full basement. Note: The home is in poor condition and in need of total renovation.

ANNUAL REAL
ESTATE TAXES:


$1,162

TITLE:

In fee simple; sold free and clear of all liens


3715 E. BALTIMORE STREET



SITE:

15' x 105', more or less
Serviced by public water, public sewer and natural gas

IMPROVEMENTS:

Two story semi-detached townhome contains: living room, dining room and eat-in kitchen, on the first floor; 3 rooms and bathroom, on the second floor; full basement. Note: The home is in poor condition and in need of total renovation.

ANNUAL REAL
ESTATE TAXES:


$1,293

TITLE:

Annual $69 ground rent; sold free and clear of all liens


MANNER OF SALE

       Each property will be offered individually, then as an entirety and sold in the manner producing the greater amount.


TERMS OF SALE

       Deposit payable by certified or cashier's check of $5,000 on each property, or $15,000 as an entirety, 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 (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 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. The purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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!