Real Estate Auction

EAST BALTIMORE
"Ellwood Park-Monument"

TOWNHOUSE SHELL

Photo of

Sale On Premises
600 N. DECKER AVENUE
Off 3000 E. Monument Street
Baltimore, MD 21205

TUESDAY, APRIL 25, 2006
AT 1:15 P.M.


LOCATION:

600 N. Decker Avenue is situated near the Johns Hopkins biotech park in a rapidly redeveloping area of East Baltimore. The property is between the 3000 blocks of E. Monument and McElderry Streets.

LOCATION MAP & DIRECTIONS

BLOCK PLAT

PROPERTY:

Circa 1915 brick end-of-group townhome is believed to contain a living/dining room, kitchen, 3 bedrooms, bath and basement; lot size 13'8" x 62'1", more or less. The home requires rehabilitation.

TITLE:

The property is subject to an annual $60 ground rent; sold free and clear of liens. Deed Liber FMC 7349, Page 698.

TAXES:

2005 annual real estate taxes were $73.20.

TERMS OF SALE:

A $2,000 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, 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. A 5% buyers premium will be added to the final bid price.

Broker participation is invited.
BROKER REGISTRATION FORM