REAL ESTATE AUCTION
Due to Pending Divorce

"BOWLEYS QUARTERS"
WATERFRONT HOMESITE

Fronting on Galloway Creek
1/3 Mile from Chesapeake Bay


Photos of auction property
VIEW      PIER      BULKHEAD      LOT      AERIAL PHOTO

Sale On Premises
1602 BURKE ROAD
Off Bowleys Quarters Road
Baltimore County, MD 21220

WEDNESDAY, JUNE 14, 2006
AT 2:00 P.M.


LOCATION:

Bowleys Quarters is a well known peninsula located in easternmost Baltimore County, surrounded by Middle River, Seneca Creek and Chesapeake Bay. The area is Baltimore County's most desirable waterfront location. Bowleys Quarters consists of scenic woodland and breathtaking waterfront vistas. Excluding several marinas and boatyards, the area is mostly rural and residential. 1602 Burke Road is located along the eastern bank of Galloway Creek, off Middle River and the Chesapeake Bay.

LOCATION MAP & DIRECTIONS

SITE:

88.5' x 185', comprising approximately 0.30 acre, more or less. The lot is level and has outstanding water views. Water depth is approximately 3'-5' at the end of the on-site 120' pier. The pier has water. The property has a vinyl covered bulkhead. Public water and public sewer are available to the site.

SUBDIVISION PLAT

ZONING:

RC-5, residential - will not permit further subdivision of the site

TITLE:

In fee simple. The property is sold free and clear of liens. Baltimore County Deed Liber 14676, Page 634.

TAXES:

$2,183, including $444 special tax assessment for tax year 2005

TERMS OF SALE:

A $25,000 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 waives and releases the Sellers and 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 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 Sellers or Auctioneers. Recordation costs and transfer taxes to be paid by the purchaser. Time is of the essence. A 5% buyers premium will be added to the final bid price.

Broker Participation is invited.
BROKER REGISTRATION FORM