Owners Relocating:
REAL ESTATE AUCTION


DUNDALK
One of the Area's Largest Homes!

ATTRACTIVE
THREE STORY RESIDENCE

Former Hotel & Boarding House
19 Rooms (15 Bedrooms)


Photos of auction property
FRONT VIEW      GARAGE

Sale On Premises
1 FRIENDSHIP CIRCLE
Baltimore County, MD 21222

WEDNESDAY, SEPTEMBER 6, 2006
AT 2:00 P.M.


LOCATION:

1 Friendship Circle is located 4 blocks east of Dundalk Avenue and one block north of Shipway in old Dundalk. The well-kept neighborhood is comprised of a variety housing styles. Dundalk Elementary and Middle Schools are within walking distance. The property is located within 2 miles of the Baltimore Beltway (I-695), providing easy access to area employment centers.

LOCATION MAP

BUILDING:

Circa 1921 stucco building features covered front portico, slate roof, double hung windows, one-car semi-detached garage, full brick foundation, decorative front iron fence, rear privacy fence and steel fire escape. Formerly a hotel and boarding house, the structure contains a foyer, living room, dining room, kitchen with pantry, enclosed porch, family room, 15 bedrooms, 2 double baths (2 of everything), 2 full baths, storage rooms, full basement with outside exit, laundry room and flush. Finishes are typically plaster walls and linoleum floors.

FLOOR PLAN SKETCH

Photos of auction property
Interior Finishes:    TYPICAL ROOM      TYPICAL BATH

Mechanical
Gas steam heat
200-ampere electrical service
Gas 80-gallon water heater
Black & Decker central vacuum

SITE:

Lot size 72' x 109', more or less. Public water, sanitary sewer, gas, electricity and telephone service are in the site.

ZONING:

The property is believed, but not warranted to be in a DR 5.5, residential zoning district. Prospective purchasers are encouraged to perform their own due diligence regarding the permitted uses of the property.

TAXES:

Tax Year 2006 - $1,423.22

TITLE:

In fee simple. The property will be sold free and clear of liens. Deed Liber 20553, folio 398. The sellers have recent title work which may enable the buyer to settle quickly, if they so desire.

TERMS OF SALE:

A $10,000 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. 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.

NO BUYER'S PREMIUM.

Broker Participation is invited.
BROKER REGISTRATION FORM