Partnership Liquidation:
REAL ESTATE AUCTION
- Baltimore, Maryland -


LOCUST POINT
DEVELOPMENT PARCEL

4 Recorded Townhouse Lots


photo of property

Sale On Premises
1331-1339 COOKSIE ST.
Off 1500 E. Fort Ave. 21230

THURSDAY, JUNE 29, 2006
AT 11:00 A.M.


LOCATION:

"Locust Point" is situated in South Baltimore, between Federal Hill and Fort McHenry. The auction site is north of the 1500 block of E. Fort Avenue, the community commercial strip and south of Baltimore Harbor. Downtown Baltimore is one mile north Access to I-95 is one-half mile south, providing excellent linkage to employment centers throughout the Baltimore-Washington corridor. South Baltimore and Locust Point are bursting with restaurants, nightlife and shopping. The auction present a rare opportunity to purchase a ready-to-build site in one of Baltimore City's hottest neighborhoods.

LOCATION MAP & DIRECTIONS

Photo of

SITE:

Level, rectangular lot, fronting 81'6.5" along the east side of Cooksie Street, by a depth of 80', more or less. The site has been subdivided and recorded for 4 - 16' wide townhouse lots with a driveway along the northern and eastern property lines. The driveway access will allow each new townhome to have a two-car garage. New townhomes are under construction in the neighborhood, immediately east and west of the site, intermingled with nineteenth and twentieth century homes.

BLOCK PLAT

FINAL SUBDIVISION PLAN

APPROVED DEVELOPMENT PLAN (pdf)

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UTILITIES:

Public water, sanitary sewer, gas, electricity and telephone service are at the site.

ZONING:

R3, residential - approved and recorded subdivision for 4 townhomes

TITLE:

In fee simple. The property is sold free and clear of liens.

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. 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 Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement, to be paid by the purchaser. Time is of the essence.

NO BUYER'S PREMIUM.

Broker Participation is invited.
BROKER REGISTRATION FORM