PUBLIC AUCTION

COLUMBIA TOWN CENTER
"Governors Grant"

Luxury, 3 Story
BRICK TOWNHOME

Two Car Garage Fireplace

FRONT      REAR      SHERMAN HTS. PLACE      SOUTH VIEW      NORTH VIEW

Sale On The Premises
10204 SHERMAN HEIGHTS PLACE
(a/k/a 10204 Brokenland Parkway)
Located One Block from Columbia Mall
HOWARD CO., MD 21044

THURSDAY, JANUARY 26, 2006
12:00 NOON


       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.

GENERAL INFORMATION

LOCATION:

Great location only one block from the Columbia Town Center (The Mall in Columbia) and within minutes of MD-29 and I-95. The property is situated within 30 minutes from the Downtown Baltimore business district and 30 minutes from Washington, D.C. Ample shopping and recreational facilities are nearby. Within walking distance are: AMC Movies (14 theater complex), New York Cheesecake Factory, UNO's Pizzaria, Nordstroms, Lord & Taylor and much more. Great public schools are located within minutes which include Running Brook Elementary, Wilde Lake Middle and Wilde Lake High School.

For more information about Columbia, visit:
http://www.columbia-md.com/columbiahistory.html

For information on the Columbia Association, visit:
http://www.columbiaassociation.com/

For information on the The Mall At Columbia, visit:
http://www.themallincolumbia.com/html/

Directions:
From I-95 (Exit 32B towards Columbia), go west on MD-32 2.7 miles to US-29 north. Travel 1.5 miles to Brokenland Parkway (Exit 18B - Columbia Town Center/Merriweather) and travel west on Brokenland Parkway approximately 0.9 mile. Turn left on Bristol Park (one street past Twin Rivers Road). Go 100 feet to Sherman Heights Place to the property on the right.

From Montgomery County take Randolph Road to Rt 29 North into Howard county, exit Columbia Town Center (Brokenland Parkway North), left into community on Bristol Park Place.

LOCATION MAP

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

SITE:

0.39 acre, more or less

IMPROVEMENT
DESCRIPTION:

Beautiful brick and vinyl sided townhome (constructed in 2002), features a 2-car built-in garage with automatic door opener, gas fireplace, Jacuzzi tub, 2-zoned gas forced hot air heat and central air conditioning system, double glazed windows, wet sprinkler fire prevention system, 50 gallon gas fired water heater, CAT-5 wiring for cable and internet service, Engineered Floor Truss System (TJI-Silent Floor), recessed lighting throughout the house, wiring and motion sensors for alarm system, deck and drop stair attic.

Main Level (9' ceiling height) - living room, dining room, family room (with gas fireplace, built-in entertainment center and French door walk-out to a rear deck), modern kitchen (Whirlpool refrigerator/freezer, Whirlpool Quiet Partner II dishwasher, disposal) with breakfast area and powder room


LIVING ROOM      FAMILY ROOM      KITCHEN

Upper Level (Vaulted Ceiling) - master bedroom with large walk-in closet, master bathroom (with Jacuzzi whirlpool tub, double vanity sink, separate shower stall), 2 additional bedrooms, hall bathroom, linen closet in hallway



Entry Level - den/bedroom, powder room, laundry/utility room, 2 car drywalled garage with automatic door opener



       Note: The purchaser will be provided a Certificate of Compliance of Architectural Review by the Columbia Town Center and the original floor plans of the home by the builder (including a depiction of the "dead space" behind the drywall for placement of future built-ins.) Condominium fees include water, all landscaping, trash removal and snow removal.

ANNUAL REAL
ESTATE TAXES:


$4,638

CONDOMINIUM FEES:

$155 per month

COLUMBIA
ASSOCIATION DUES:

$1,098.42 annually (includes usage of numerous swimming pools, health club facilities, golf clubs, tennis courts, recreational areas, etc.)

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

10:30 a.m. on the day of the auction


TERMS OF SALE

       Deposit payable by certified or cashier's check of $25,000 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, condominium fees, Columbia Association dues 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. Condominium documents and Columbia Town Center documents are available for inspection at the office of the Auctioneers. The purchaser waives their right of rescission as provided by Maryland Law. 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, condominium and community association by-laws, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward. 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. 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.