Real Estate Auction

UPPER FELLS POINT
TOWNHOUSE SHELL


photo of property

Sale On Premises
122 S. WOLFE STREET
Off 1800 E. Lombard Street
Baltimore, MD 21231

THURSDAY, JUNE 1, 2006
AT 2:00 P.M.


LOCATION:

122 S. Wolfe Street is situated on a block of mostly renovated homes in the Upper Fells Point neighborhood of east Baltimore. Situated between Fells Point, Butchers Hill, Washington Hill and Canton, the neighborhood is nearly "built-out" with rehabs. The auction provides an opportunity to purchase one of the remaining "shell" homes.

LOCATION MAP & DIRECTIONS

For a description of the neighborhood, visit:
http://www.livebaltimore.com/nb/list/upflspt/

SITE:

15' x 94' rectangular lot, more or less

BLOCK PLAT

HOME:

Three story brick inside-group townhome, requiring rehabilitation. According to public tax records, the building was constructed in 1900 and contains 2,268 square feet of living area and 924 square feet of basement space.

INSPECTION:

One-half hour prior to sale

TITLE:

In fee simple. The property is sold free and clear of liens.

TAXES:

2005 real estate taxes - $2,426.58

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