PUBLIC AUCTION

9 - BALTIMORE CITY
INVESTMENT TOWNHOMES

Sales On Premises
TUESDAY, MARCH 21, 2006
AT THE FOLLOWING TIMES

LOCATION MAPS (for all properties)



AT 10:30 A.M. - 1303 DRUID HILL AVENUE
"Upton" - Just West of Bolton Hill


Photos of auction property Photos:

FRONT VIEW

LIVING ROOM

KITCHEN

       Opposite Bethel AME Church, off West Lanvale Street - 3 story updated townhome contains: foyer, living room with marble mantle, dining room and modern kitchen, on the first floor; 3 rooms and bath, on the second floor; 2 rooms on the third floor; basement; replacement windows; modern gas FHA furnace. Lot size: 12'6" x 100', more or less. Annual $240 ground rent (T.B.C.). 5% buyers premium. DEPOSIT: $5,000.

      
BLOCK PLAT

       For a neighborhood description of Upton, visit: http://www.livebaltimore.com/nb/list/upton/



AT 10:45 A.M. - 1218 DRUID HILL AVENUE
"Upton" - Just West of Bolton Hill


Photo of

       Opposite Union Baptist Church, off West Lanvale Street - 3 story fire damaged townhome in need of total renovation. Lot size: 17'6" x 90', more or less. Annual $105 ground rent. 5% buyers premium. DEPOSIT: $2,500.

      
BLOCK PLAT

       For a neighborhood description of Upton, visit: http://www.livebaltimore.com/nb/list/upton/



AT 11:15 A.M. - 21 S. CALHOUN STREET
"Hollins Market - Franklin Square"


Photo of

       West Baltimore renewal district , off 1400 Hollins Street - 3 story fire damaged townhome comprising over 3,000 square feet, designed to contain 6 apartments, in need of total renovation. Note: The property has been condemned. Zoned R-8, with the last permitted use as 6 dwelling units. Lot size: 19' x 96', more or less. Annual $73 ground rent. 5% buyers premium. DEPOSIT: $5,000.

      
BLOCK PLAT

       For a neighborhood description of Franklin Square, visit:
       http://www.livebaltimore.com/nb/list/frnklnsq/



AT 11:40 A.M. - 1615 W. LEXINGTON ST.
"Franklin Square"


Photo of

       West Baltimore renewal district, off 200 N. Gilmor Street - Partially gutted very large 3 story townhome contains: living room, dining room and kitchen, on the first floor; 3 rooms and 2 baths, on the second floor; 3 rooms on the third floor; basement. Lot size: 19' x 110', more or less. Annual $240 ground rent (T.B.C.). 5% buyers premium. DEPOSIT: $2,500.

      
BLOCK PLAT

       For a neighborhood description of Franklin Square, visit:
       http://www.livebaltimore.com/nb/list/frnklnsq/



AT 11:55 A.M. - 215 S. FULTON AVENUE
"Union Square"


Photo of

       ABSOLUTE AUCTION - Off 1800 W. Pratt Street - 2 story townhome in need of total renovation. Lot size: 14' x 87', more or less. Annual $120 ground rent. 5% buyers premium. DEPOSIT: $2,500.

      
BLOCK PLAT

       For a neighborhood description of Union Square, visit:
       http://www.livebaltimore.com/nb/list/usquare/



AT 12:40 P.M. - 3222 AUCHENTOROLY TERRACE
"Parkview"
(Opposite Druid Hill Park and the Cylburn Arboretum)


Photos of auction property Photos:

FRONT VIEW

STREET VIEW

VIEW OF ARBORETUM

       Spectacular view, off the 2300 block of Bryant Avenue - 3 story apartment townhome contains: living room, dining room, kitchen, bedroom and bath, on the first floor; 3 rooms and bath, on the second floor; 2 rooms, kitchen and bath, on the third floor; basement. Note: The building is in need of repairs. Lot size: 15' x 142', more or less. Zoned R-8, with the last permitted use as 3 dwelling units. Annual $240 ground rent (T.B.C.). 5% buyers premium. DEPOSIT: $7,500.

      
BLOCK PLAT



AT 1:15 P.M. - 2124 E. BIDDLE STREET
"Middle East - Johns Hopkins Biotech Zone"


Photo of

       Located off 1200 N. Chester Street - 2 story townhome contains: 6 rooms (3 bedrooms & bath); basement; gas forced hot air heat; modern housepower. Lot size: 14' x 70', more or less. Annual $42 ground rent. 5% buyers premium. DEPOSIT: $2,500.

      
BLOCK PLAT

       For more information about rehabilitation in this area, visit:
http://www.baltimorehousing.org/index/Opportunities.asp?ItemID=112&rcid=88&pcid=73&cid=88



AT 1:45 P.M. - 216 N. MONTFORD AVENUE
"Patterson Place"
(Just 2 blocks north of Patterson Park)


Photos of auction property Photos:

FRONT VIEW

STREET VIEW

INTERIOR

       Located off 2400 E. Fayette Street - Partially gutted 3 story townhome with basement in need of complete renovation. Great rehab. block! Lot size: 12' x 75', more or less. Annual $36 ground rent. 5% buyers premium. DEPOSIT: $7,500.

      
BLOCK PLAT



AT 2:15 P.M. - 2015 E. LOMBARD STREET
"Butcher's Hill"
(Great renaissance area!)


Photos of auction property Photos:

FRONT VIEW

STREET VIEW

       Located off 2400 E. Fayette Street - Large 3 story townhome contains: entry foyer, living room, dining room, eat-in kitchen and powder room, on the first floor; 3 rooms and bath, on the second floor; 2 rooms on the third floor; basement; gas forced hot air heat (new furnace 2/2005); modern housepower. Lot size: 14' x 100', more or less. Annual $42 ground rent. No Buyers Premium! DEPOSIT: $10,000.

      
BLOCK PLAT

       For a neighborhood description of Butcher's Hill, visit:
       http://www.livebaltimore.com/nb/list/butch/


TERMS OF SALE

       Deposits as stated above payable by certified or cashier's check will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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. Taxes, ground rent (if any) and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the zoning, the nature and description of the improvements as contained herein; and subject to existing building violation notices (if any), easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward. 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE.