On-Site Real Estate Auction

9 - BALTIMORE CITY
INVESTMENT PROPERTIES


Sales On Respective Premises
TUESDAY, JULY 25, 2006


Photo of

At 10:40 A.M.
117 N. CLINTON ST.

"Patterson Park - Highlandtown"

       Off 3300 E. Fairmount Ave. 21224 - Two story shell townhome, 6 rooms (3 bedrooms), bath and basement, lot 13'1" x 68' m/l, annual $42 ground rent. The home is fire damaged and needs complete renovation.


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At 11:05 A.M.
2124 E. BIDDLE ST.

"Berea/Biotech Zone"

       Off 1200 N. Collington Ave. 21213 - two story brick townhome, 6 rooms (3 bedrooms), bath and basement, gas forced hot air heat, housepower, lot 14' x 70' m/l, annual $42 ground rent; 5% buyers premium on this property only, all others - no buyers premium.


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At 11:35 A.M.
813 BONAPARTE AVE.

"E. Balto.-Midway"

       Off 2100 Harford Rd. 21218 - two story brick porchfront townhome, 6 rooms (3 bedrooms), bath and basement, lot 17'8" x 79'11" m/l, annual $96 ground rent.


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At 12:25 P.M.
1125 ELBANK AVE.

"Glen Oaks"

       Off 5800 The Alameda 21239 - two story brick end-of-group townhome, 6 rooms (3 bedrooms), 1.5 baths and finished basement, lot 39'3" x 150'1" m/l; annual $120 ground rent. Great neighborhood - property needs cosmetic work.


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At 1:30 P.M.
4015 COLBORNE AVE.

"Rognel Heights"

       Off 700 Wildwood Pkwy. 21229 - two story townhome, 6 rooms (3 bedrooms), 1.5 baths and finished basement, lot 14' x 105' m/l; annual $90 ground rent. Great neighborhood - property needs some repairs.


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At 2:15 P.M.
1222 W. PRATT ST.

"Mt. Clare"

       At 200 S. Carey St. 21223 - two story formstone front brick townhome, 6 rooms (3 bedrooms), bath and basement, lot 13'2" x 90' m/l; annual $240 ground rent. Boarded - needs rehab.


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At 2:40 P.M.
839 MANGOLD ST.

"Washington Village"

       Off 900 S. Scott St. 21230 - RESIDENTIAL LOT 13' x 50' m/l, zoning R9, annual $42.25 ground rent. May be suitable for building. Renovation and new home construction are taking place nearby.


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At 3:15 P.M.
426 E. PATAPSCO AVE.

"Brooklyn"

       At 4th St. 21225 - two story brick townhome with large open second floor, lot 14'11" x 150' m/l, in fee simple, zoning B-2-2, COMMERCIAL.


LOCATION MAP & DIRECTIONS (for all properties)


TERMS OF SALE

       A $2,500 deposit on each property, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer's office. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the 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. All adjustments, including taxes, ground rent, all other public charges and assessments payable on an annual basis, and 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, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of sale forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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 Auctioneers. Recordation costs and transfer taxes to be paid by the purchaser. Time is of the essence.

No Buyer's Premium