PUBLIC AUCTIONS

West Baltimore
8- MULTI & SINGLE FAMILY
INVESTMENT TOWNHOMES

MONDAY, MARCH 26, 2007

LOCATION MAP (for all properties)


AT 10:30 A.M. - 2532 DRUID HILL AVENUE
"Penn North" - 3 Story Townhome

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       Just west of "Reservoir Hill" near Druid Hill Park - off Cloverdale Rd., 21217 - 3 story townhome believed to contain 8 rooms (5 BR and bath); basement. Lot size: 13'11" x 119', more or less. Annual $85 ground rent. DEPOSIT: $2,500. Note: The home is in poor condition.



AT 11:00 A.M. - 2028 DRUID HILL AVENUE
"Druid Heights" - 3 Apartment Townhome

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       Just west of "Bolton Hill North", off 500 Bloom St., 21217 - 3 story townhome contains 3 apartment units, 2 BR and bath, on 1st & 2nd floors; BR and bath, on the 3rd floors; basement. Lot size: 16' x 95', more or less. Zoned R-9, 3 dwelling units. Annual $88 ground rent. 5% Buyer's Premium. DEPOSIT: $5,000.



AT 11:30 A.M. - 1814 MCCULLOH STREET
"Madison North" - 3 Story Townhome

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       Just west of "Bolton Hill North", nice block off 400 Laurens St., 21217 - 3 story shell townhome features new windows and doors which has been gutted and framed on all three floors; full basement. Lot size: 16'6" x 120', more or less. Zoned R-8, single family. In fee simple. DEPOSIT: $5,000.

BLOCK PLAT
Photos of auction property
Interior Photos:    PHOTO #1      PHOTO #2
                                  PHOTO #3      SKYLIGHT


AT 12:00 NOON - 1409 DRUID HILL AVENUE
"Madison South" - 4 Unit Townhome

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       Just west of "Bolton Hill South", off 400 W. Mosher St., 21217 - 3 story townhome contains 4 apartment units, (1 - 2 BR and bath unit & 3 - 1 BR & bath units); basement. Lot size: 18'6" x 100', more or less. Annual $46 ground rent. Zoned R-8, 3 dwelling units and one rooming unit. 5% Buyer's Premium. DEPOSIT: $5,000.



AT 12:20 P.M. - 822 N. FREMONT AVENUE
"Penn North" - 3 Story Townhome

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       ABSOLUTE - To Highest Bidder! - Revitalization area off 1000 W. Lafayette Ave., 21217 - 3 story townhome believed to contain 7 rooms (4 BR and bath); basement. Lot size: 13'11" x 119', more or less. Annual $80 ground rent. DEPOSIT: $2,500. Note: The home is in poor condition.



AT 12:50 P.M. - 1951 W. FAYETTE STREET
"Lexington" - 2 Story Townhome

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       Nice block near Bon Secours Hospital - off 100 N. Monroe St., 21223 - Well maintained 2 story brick bowfront townhome contains 6 rooms (3 BR and bath); basement. The home is currently rented to a Section 8 tenant for $640/month, lease expires 2/15/2008. MDE lead certified. Lot size: 13'9" x 79', more or less. Annual $84 ground rent. DEPOSIT: $2,500.



AT 1:10 P.M. - 105 N. PAYSON STREET
"Lexington" - 2 Story Townhome

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       Nice block near Bon Secours Hospital - off 2000 W. Fayette St., 21223 - Nice 2 story updated brick townhome contains 6 rooms (3 BR and bath); basement. MDE lead certified. Lot size: 12'10" x 75', more or less. Annual $60 ground rent. DEPOSIT: $2,500.



AT 1:45 P.M.- 3024 ASCENSION STREET
"Cherry Hill" - 2 Story Townhome

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       ABSOLUTE - To Highest Bidder! - Off 600 Roundview Road, 21225 - Two story end-of-group brick townhome, 5 rooms (2 BR and bath). Lot size: 14' x 146', more or less. In fee simple. DEPOSIT: $2,500.



TERMS OF SALE

       Deposits as stated above payable by certified or cashier's check 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, ground rent (if any) 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. 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 existing housing violation notices (if any), easements, agreements, 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE. NO BUYERS PREMIUM (except where noted)!

Broker participation is invited.
BROKER REGISTRATION FORM