Investment Opportunity:
REAL ESTATE AUCTION

PARKVILLE
"Parkside Heights"

TWO STORY TOWNHOME
Leased for $900/Month

Photo of property

Sale On Premises
1610 LYLE COURT
Perring Pkwy. to Taylor Ave.
East to Hillsway south to Lyle

Baltimore County, MD 21234

THURSDAY, MARCH 30, 2006
AT 2:00 P.M.


LOCATION MAP

       Two story brick Dutch Colonial townhome contains living room, eat-in kitchen with range/oven and refrigerator, 3 bedrooms, bath, gas forced hot air heat, central air conditioning (needs repair); annual $108 ground rent; lot size 16' x 106', more or less.

       The home is currently leased for $900/month until February 2007. HUD pays $827 of total monthly rent. Annual real estate taxes were approximately $740 in 2005.

       TERMS OF SALE: A $5,000 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. All adjustments, including taxes, 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 settlement 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.