REAL ESTATE AUCTION
- Baltimore County -

CATONSVILLE MANOR

APARTMENT BUILDING
4 - Self-Contained Units
$31,260 Gross Annual Rent Roll

Photos of auction property
FRONT VIEW     STREET SCENE

Sale On Premises
1133 BAKER AVENUE
Off Johnnycake Road
Baltimore, MD 21207

THURSDAY, NOVEMBER 1, 2007
AT 2:00 P.M.

       NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation.

LOCATION:

1133 Baker Avenue is located about 0.5 mile east of Baltimore Beltway (I-695) Exit 15 - Baltimore National Pike (US-40). From the Beltway follow US-40 east to second traffic light - Johnnycake Road. Turn left on Johnnycake Road four blocks to Baker Avenue, then right to property. Catonsville Manor is a well established community of single family detached homes. 1133 Baker is one of the few multifamily homes in the neighborhood. Properties in the community are typically well maintained and owner-occupied. Demand for available rental properties is extremely high. Shopping and public schools are within walking distance.

Location Map

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

SITE:

Level rectangular lot - 60' x 120', more or less

BUILDING:

Attractive three-story vinyl siding covered porchfront cottage, constructed circa 1910. The building has a composition shingle roof, vinyl double-hung windows, concrete block basement foundation, full basement with outside exit, wheelchair access, steel fire escape, separate entrances for each apartment.

Each apartment has living/dining room, kitchen, 2 bedrooms, bath, electric baseboard heat and separate electric meter. The landlord furnishes hot water. Tenants pay their own utilities (electric, telephone, cable). Two units are leased through March 2008, the other two units are month-to-month:

Apartment A $680 per month (tenant for more than 10 years)
Apartment B $725 per month
Apartment C $550 per month
Apartment D $650 per month
Units are MDE lead registered - full risk reduction.

ZONING:

DR 5.5, residential - licensed for 4 units

TAXES:

2007 - $2,131.17 per year

TERMS OF SALE:

A $15,000 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, rents, 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, transfer taxes and all costs incidental to settlement to be paid by the purchaser. Time is of the essence.

No Buyers Premium

Broker participation is invited.
BROKER REGISTRATION FORM