PUBLIC AUCTION
Owner Retiring After 49 Years!

"DUNDALK-NORTH POINT"

Photo of SHOP BUILDING
With 2 Bay Service Garage
(Plus Shop Equipment, Fixtures, Tools & Supplies)
and
Photo of CAPE COD HOME
Containing 2 Apartments


Sale On Premises
9 NORTH POINT TERRACE
(Lots 4 & 5)
Off 2700 North Point Road
BALTIMORE COUNTY, MD 21222

TUESDAY, SEPTEMBER 12, 2006
AT 11:00 A.M.


       NOTE: The information contained herein has been obtained from sources deemed reliable and believed to be accurate. However, no express or implied warranty is made as to the accuracy of these representations. Prospective purchasers are encouraged to consult with the appropriate government authorities regarding the permitted uses of the property and perform their own due diligence in advance of the auction. All dimensions and acreage contained herein are more or less.

GENERAL INFORMATION

LOCATION:

Good location, just south of I-695 (Exit 41), off the 2700 block of North Point Road. Area properties are a mixture of residential, commercial and industrial. The Dundalk-North Point area has become a major Baltimore County re-development area, undergoing substantial rejuvenation and is experiencing dramatic property value increases.

LOCATION MAP

For directions from your location, visit:
http://www.mapquest.com/directions/main.adp

Photos of auction property
AERIAL - FAR      AERIAL - CLOSEUP      STREET SCENE

SITE:

Two contiguous lots each measuring 75' x 73.12', comprising a total of 10,968 square feet or 0.252 acre, all more or less. Both lots (Lots 4 & 5) are identified in Baltimore County Tax Map 104, Grid 1, Parcel 287, and have separate tax bills.

Serviced by public water, public sewer and natural gas

SUBDIVISION PLAT

ZONING:

BR, business roadside. There are numerous permitted uses for the site including automotive services.

For a list of permitted uses, see the:
Baltimore County Zoning Regulations

Photo of


SHOP BUILDING (LOT 5)

Photos of auction property
PHOTO #1      PHOTO #2

DESCRIPTION:

Known as Rose's Transmissions (Since 1957), vinyl sided one story building believed to be originally constructed in 1945, and has been added onto over the years. The total square footage of the building is approximately 2,900 square feet (which includes the oversized 2 bay service garage). The building contains a small office area, 2-section shop room, large storage room and parts wash room. The building has propane heat and is cooled by built-in window air conditioning units. The service garage has two - 8' wide by 12' high bay doors.

Interior Photos:
Photos of auction property
OFFICE      SHOP ROOM #1      ROOM #2      STORAGE #1      STORAGE #2      STORAGE #3      PROPANE TANKS

PERSONAL
PROPERTY:

Ingersoll-Rand T30 5 h.p. air compressor (to be sold separately), quantity of transmission parts, parts and tool cabinets, tools, EMC parts washing machine, 5-ton press, bench grinder, office furniture, etc. (to be sold as an entirety only.) TERMS: Cash or certified funds. Immediate removal required pursuant to announcement at the time of sale.


CAPE COD HOME (LOT 4):

Photos of auction property
FRONT VIEW      REAR VIEW

DESCRIPTION:

Covered porchfront cape cod home features a newly installed gas boiler furnace, 40 gallon gas fired water heater and modern housepower. The home contains:

First Floor - living room, dining room, kitchen, 2 bedrooms and bathroom Photos of auction property
LIVING ROOM     KITCHEN     BEDROOM     DEN/BEDROOM #2

Second Floor - living room, dining room, eat-in kitchen and bathroom Photos of auction property
LIVING ROOM PHOTO #1      PHOTO #2
KITCHEN      BEDROOM

Full Basement
Photo of

ANNUAL REAL
ESTATE TAXES:

Lot 4 - $2,074
Lot 5 - $289

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

On the day of the auction 10:00 a.m.


TERMS OF SALE

       Deposit payable by certified or cashier's check of $15,000 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 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 current zoning and 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 Sellers, 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 Sellers are 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.

NO BUYERS PREMIUM!