Harvey K. Maizels, Attorney
218 E. Lexington Street
Baltimore, MD 21202

ESTATE AUCTION

LAUREL
"Pheasant Run"

4 Bedroom2½ Bath
TWO STORY TOWNHOME


Photos of auction property
FRONT VIEW      STREET SCENE

Sale On Premises
9905 BOISE ROAD
B-W Parkway (MD-295) to MD-197 east follow signs to
Mallard Drive to Pheasant Run Drive left to Boise Road

Prince George's County, MD 20708

FRIDAY, JANUARY 26, 2007
AT 2:00 P.M.


LOCATION:

Pheasant Run is conveniently situated at the northeast quadrant of the Baltimore-Washington Parkway (MD-295) and Laurel-Bowie Road (MD-197), in south Laurel. The neighborhood is close to employment centers in Washington, Baltimore, College Park and Columbia. DC area Metro service is about 10 minutes drive. According to the Prince George's County Pubic Schools web site, neighborhood schools are Montpelier Elementary, Dwight D. Eisenhower Middle and Laurel High (your independent verification is recommended). Neighborhood homes appear to be well maintained with ample parking.

LOCATION MAP & DIRECTIONS

IMPROVEMENTS:

Two story brick and siding inside-group townhome

Double-glazed double-hung windows
Composition shingle roof with aluminum rain gutters
Constructed on-grade
Fenced rear yard with storage shed
Interior finishes are carpet, tile, drywall and ceramic tile baths
Updating and cosmetic repairs are needed
First Floor
Bi-level Living Room - coat closet
Dining Room - sliding doors to rear yard
Kitchen - white cabinets, pass-through window to dining room, pantry, range/oven, dishwasher, refrigerator/freezer
Half-Bath
Laundry/Utility Room - washer and dryer
Second Floor
Master Bedroom with ceramic Master Bath
3 Additional Bedrooms
Full ceramic tile hall bath
Mechanical
Gas forced hot air heat
Central air conditioning
Security alarm
Intercom (condition unknown)

TAX
INFORMATION:


As provided by Prince George's County public tax records:

Site Area - 2,013 square feet
Zoning RT
Year Built - 1971
Living Area - 1,540 square feet
Total Tax Bill - $2,588 (includes special tax assessment of $863)

HOA FEE:

Pheasant Run Homeowners Association fees are $95.64 per quarter (2007). Fees are due on the 1st of January, April, July and October.

INSPECTION:

1:15 p.m. on day of sale

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 by 12 noon on Monday, January 29, 2007 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, homeowners association dues, 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, including the Declaration and Bylaws of the Pheasant Run Homeowners Association . 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 and agrees to waive the right of rescission provided by the Maryland Homeowners Association Act. 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 BUYER'S PREMIUM.

Broker participation is invited.
BROKER REGISTRATION FORM

Auction by order of:
ESTATE OF CHARLES NELSON BEBEE