Dissolution of Partnership:
REAL ESTATE AUCTION

OWINGS MILLS
7.75± ACRES

RESIDENTIAL PARCEL
WITH POND

- Subdivision Potential -

& 5 Bedroom2 Bath
TWO STORY HOME
- Raze or Rehabilitate -

Photo of

Sale On Premises
4907 DEER PARK ROAD
Near Ravens Football Training Facility
Baltimore County, Maryland 21117

WEDNESDAY, JUNE 14, 2006
AT 11:00 A.M.


LOCATION:

4907 Deer Park Road is situated immediately south of the Soldiers Delight Natural Environmental Area and north of Northwest Regional Park. The site is north of Lyons Mill Road and Dolfield Avenue (leads to Owings Mills New Town) and south of Wards Chapel Road. Area housing is comprised of a mixture of older detached homes, and newly constructed housing. The area is scenic, yet convenient. I-795, Reisterstown Road, Liberty Road and MTA Metro Subway are within a five minute drive.

Public Schools - New Town Elementary, Deer Park Middle Magnet, New Town High

LOCATION MAP & DIRECTIONS

SITE:

The property is comprised of two contiguous parcels, situated along a private road. Dimensions, square footage and acreage contained on this web site are approximate and more or less. Formerly a kennel, the property is currently subdivided into two lots:

Lot #1 - 5.75 Acres      Tax Map 66, Parcel 389
Lot #2 - 2.00 Acres      Tax Map 66, Parcel 319
Total     7.75 Acres

Photo of

The property is fairly level with wooded and clear areas and a small pond.
Photos of auction property
Photos:    POND      FIELD

TAX MAP

LOCATION SURVEY

METES & BOUNDS DESCRIPTION

HOUSE:

Parcel 389 is improved by an aluminum siding "Dutch Colonial" home. According to public tax records, the dwelling was constructed in 1958 and contains 3,150 square feet of living area. The first floor contains a living room with parquet floor and wood stove insert, dining room, kitchen and breakfast room with parquet floor, bedroom, bath and laundry utility room. Second floor has 4 bedrooms, family room and bathroom with footed tub. Mechanical systems include oil forced hot air heat, 50-gallon electric water heater, private well and septic. The home is in poor condition and needs complete renovation or demolition.

ZONING:

RC-5 - Rural Residential. According to A Citizen's Guide to Zoning in Baltimore County, the minimum lot size in an RC-5 zone is 1.5 acres with a maximum tract density of 0.5 dwellings per acre. Please contact the appropriate municipal authorities, in advance of the auction, to ascertain further subdivision and development potential of the property, if any.

Link for Baltimore County Government Web Site:
http://www.co.ba.md.us/

TITLE:

Deed Liber 22020, Page 81; in fee simple. The property is sold free and clear of liens.

TAXES:
2005 real estate taxes:
Parcel 389 - $2,637.57
Parcel 319 -29.94
Total$2,667.51

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 agrees to waive the right of inspection for lead paint, as provided under current Federal and State law and shall execute a waiver of the Baltimore County well test requirements. 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% buyer's premium shall be added to the final bid price.

Broker Participation is invited.
BROKER REGISTRATION FORM