REAL ESTATE AUCTION

HIGHLANDTOWN
Linwood - Patterson Park Area

Partially Renovated
TWO STORY TOWNHOME
Commercial Zoning

Photos of auction property
FRONT VIEW      REAR VIEW

Sale On Premises
3247 E. BALTIMORE STREET
Near the corner of N. Clinton Street
Baltimore, Maryland 21224

WEDNESDAY, JUNE 6, 2007
AT 11:00 A.M.


       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:

The property is located in the "Highlandtown" neighborhood on the southeast side of Baltimore City. A few blocks east of Historic Patterson Park, and north of Canton, the property sits in a well established neighborhood with a rapidly developing future. Commercial and artistic revitalization initiatives, coupled with residential rehabilitation, gives Highlandtown an immense amount to offer both homeowners and investors. Proximity to both downtown Baltimore and I-95 give the home excellent access for commuters of all types.

For more information on Highlandtown, visit:
http://www.gohighlandtown.com/

For more information on living in Baltimore, visit:
http://www.livebaltimore.com/home/

LOCATION MAP

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

SITE:

Lot size is 14' front by 71'6" deep, more or less.

ZONING:

B-1-2, Neighborhood Business.

For more information on Business zoning, see the:
Baltimore City Zoning Code (pdf)

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IMPROVEMENT
DESCRIPTION:

Two story brick, inside-group townhome has been renovated just short of move-in condition. Property features include hardwood floors and new carpeting, fresh paint, pocket doors, half-bath on the first floor, new plumbing and electrical fixtures, gas forced air heat, and central air conditioning. The home contains a living room with wood floors and decorative mantle, dining room with wood floors and pocket doors, powder room, kitchen with new cabinets, and walk-out to the rear patio, on the first floor; 3 bedrooms with new carpet and a renovated bathroom, on the second floor; full basement. The home needs appliances and a few finishing touches to live in or resell.

Photos of auction property
LIVING ROOM      DINING ROOM      KITCHEN
BEDROOM #1      BEDROOM #2      BEDROOM #3      BATHROOM

ANNUAL REAL
ESTATE TAXES:


$1,271

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

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

TERMS OF SALE

       A deposit by certified check or cashier's check of $7,500 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 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 as of date of sale. All other public charges and assessments payable on an annual basis including sanitary and/or metropolitan district charges to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in an "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein. 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Laws. Cost of all documentary stamps, transfer taxes and other costs incident to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.

No Buyer's Premium.

Broker participation is invited.
BROKER REGISTRATION FORM