Nomiki Bouloubassis Weitzel, Attorney
Weitzel and Associates
4318 Fitch Avenue, Baltimore, MD 21236

ESTATE AUCTION

JOPPA
"Oaklyn Manor"

0.46± ACRE HOMESITE
Improved by a Frame Rancher
Needing Extensive Renovations or Demolition

Photos of auction property
AERIAL PHOTO      HOUSE      SHED      STREET SCENE

Sale On Premises
1603 BULLS LANE
Off Philadelphia Road (MD-7)
Just East of Harford-Baltimore County Line
Harford County, MD 21085

THURSDAY, JULY 27, 2006
AT 11:00 A.M.
(Inspection 10:15 A.M.)

LOCATION:

Known as Lot No. 16, Oaklyn Manor Subdivision and Lot 16, Grid 2F, Parcel 117 on Harford County Tax Map 64, the property is located within a rapidly redeveloping area of southwestern Harford County. Bulls Lane is located off Philadelphia Road (MD-7), two blocks east of the Little Gunpowder Falls and Gunpowder Falls State Park.

LOCATION MAP

TAX MAP

SITE:

Nearly rectangular, the lot fronts approximately 112' x 199', more or less, comprising approximately one-half acre. The lot is fairly level and clear.

SUBDIVISION PLAT

UTILITIES:

Public water is connected to the property. Public sanitary sewer is believed to be in Bulls Lane, but is NOT connected to the site. The property currently uses a private septic system. Electricity and telephone service are connected to the property.

IMPROVEMENTS:

One-story frame ranch-style home with flat built-up and pitched tar paper roofs, crawl space and slab foundations, wooden double-hung windows and T-111-type plywood siding. According to tax records, the home was constructed in 1960, contains 1,080-square feet of gross living area and has concrete block under the plywood siding. The dwelling uses propane gas for cooking, heat is provided by an oil-fired forced hot air furnace. The home has a 40-gallon electric water heater and 150-ampere electrical service.

Interior finishes are carpeting and vinyl flooring and walls constructed of drywall, paneling and plywood. The home has several interior levels but is considered a one-story structure. The interior contains a living room with brick fireplace and wood stove insert, country kitchen with wood cabinets, duplex refrigerator, range/oven and two pair of sliding doors leading to the rear yard, bedroom with closet, bedroom without closet and full bathroom with carpeted floor and fiberglass tub enclosure and utility room.

The residence has extensive deferred maintenance is needs renovation.

ZONING:

R-1, residential

REAL ESTATE TAXES:


Tax year 2005 - $1,106.43

TERMS OF SALE:

A $10,000 deposit, 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, 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.

Broker participation is invited.
BROKER REGISTRATION FORM