James L. Rouse, Attorney
2516 N. Charles Street
Baltimore, MD 21218

ESTATE AUCTION, Et Al

4 - WEST BALTIMORE
INVESTMENT PROPERTIES


Sales On Premises
FRIDAY, JUNE 2, 2006
At The Following Times



AT 10:30 A.M.
2450 FRANCIS STREET

"Penn North"
Substantially Rehabbed Home

Photos of auction property
FRONT VIEW      STREET VIEW
INTERIOR #1      INTERIOR #2      INTERIOR #3

       Located off 1500 Whitelock St., 21217 - Good neighborhood amid new construction and renovated homes! The neighborhood is undergoing a complete rejuvenation. Two story end-of-group townhome (substantially renovated) features new drywall throughout, vinyl double glazed replacement windows, gas forced hot air heat and a new roof. The home contains: living room, dining room and kitchen, on the first floor; 3 bedrooms and bathroom, on the second floor; basement. Lot size: 13'8" x 65', more or less. Annual $60 ground rent. DEPOSIT: $2,500.

       LOCATION MAP

       BLOCK PLAT


AT 11:00 A.M.
1818 N. FULTON AVENUE

"Sandtown-Winchester"
2 Story Townhome

Photos of auction property
FRONT VIEW      STREET VIEW

       Located off 1800 Westwood Ave., 21217 - End-of-group townhome features original woodwork and trim, 9'-10' ceiling heights and contains: entry foyer, living room with pocket door entry, dining room, eat-in kitchen (with gas range and pantry), on the first floor; 3 large bedrooms (2 with bay windows) and bathroom, on the second floor; full basement; gas forced hot air heat. Lot size: 14'6" x 186', more or less. In fee simple. DEPOSIT: $2,500.

       LOCATION MAP

       BLOCK PLAT


Photo of
AT 11:30 A.M.
1603 W. LANVALE STREET

"Harlem Park"
Gutted Townhome

Photos of auction property
INTERIOR PHOTO #1      INTERIOR PHOTO #2

       Located off 800 N. Mount St., 21217 - Three story brick townhome which has been gutted, partially framed and has a new rear wall and roof. This large home is ready for renovation. The home has 2 large rooms, on the first floor; 2 rooms and bathroom, on the second floor; 2 rooms, on the third floor; basement. Lot size: 14'3" x 74', more or less. In fee simple. DEPOSIT: $2,500.

       LOCATION MAP

       BLOCK PLAT


AT 12:15 P.M.
1400 W. LOMBARD STREET

"Union Square - Historic District"
Storefront & 4 Apartments
($2,260 Monthly Rent)


Photos of auction property
FRONT VIEW      SIDE VIEW

       Corner of 100 S. Calhoun St., 21223 - 3 story brick multi-unit building which is fully leased. All units are self contained and individually metered. The building is arranged as follows:

       1st Floor Front - Retail store with rear storage room and powder room; gas overhead space heater. Rented for $600/month.

       1st Floor Rear - Two rooms, eat-in kitchen and bathroom; electric baseboard heat. Rented for $385/month.

       2nd Floor Front - Three rooms, kitchen and bathroom; gas forced hot air heat. Rented for $425/month.

       2nd Floor Rear - Two rooms, eat-in kitchen and bathroom; electric baseboard heat. Rented for $465/month.

       3rd Floor - Three rooms, kitchen and bathroom; gas forced hot air heat. Rented for $385/month.

Photos of auction property
STORE    LIVING ROOM    DINING ROOM    KITCHEN    BATHROOM

       The property is zoned R-8, 2 dwelling units and grocery store (non-conforming use). Lot size: 20' x 93', more or less. In fee simple. DEPOSIT: $7,500.

       LOCATION MAP

       BLOCK PLAT


TERMS OF SALE

       Deposits 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 72 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 nature and description of the improvements as contained herein; and subject to 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. A 5% Buyers Premium will be added to the final bid price. TIME IS OF THE ESSENCE.