PUBLIC AUCTION

Unique "Waverly" Property

14 - GARAGES &
SMALL OFFICE BUILDING

On 0.34 Acre

Photo of

Sale On Premises
3551 GREENMOUNT AVENUE
Baltimore, MD 21218

WEDNESDAY, APRIL 11, 2007 AT 2:00 P.M.

       NOTE: 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. Prospective purchasers are encouraged to consult with the appropriate government authorities regarding the permitted uses of the property and perform their own due diligence in advance of the auction. All dimensions and acreage contained herein are more or less.

GENERAL INFORMATION

LOCATION:

Situated in the heart of Waverly, just east of Guilford and northeast of Charles Village. The property is near the commercial center of 33rd Street and Greenmount Avenue. New construction and development projects are underway within minutes of the property, including the Charles Village Projects, which is a large mixed use luxury condominium unit, retail and office complex, just blocks to the southwest of the subject property.

For detailed information on the Waverly Neighborhood, visit:
http://www.livebaltimore.com/nb/list/wvrly/

LOCATION MAP

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

SITE:

Accessed via an easement between 3549 and 3553 Greenmount Avenue

Fenced yard comprising 0.340 acre, more or less

BLOCK PLAT

LEGAL DESCRIPTION

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ZONING:

R-6, residential

For the Baltimore City Zoning Code, visit:
http://www.ci.baltimore.md.us/government/legislative/zoning/

IMPROVEMENT
DESCRIPTION:

Great property, which is fenced and improved by 14 garages (4 are double wide) and a one story brick office building comprising approximately 400 square feet (in fair condition).

Photos of auction property
EAST GARAGES      NORTH GARAGES      NORTH GARAGE #2
GARAGE INTERIOR      OFFICE BUILDING      YARD AREA

ANNUAL REAL
ESTATE TAXES:


$1,159

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

1:00 p.m. on the day of the auction


TERMS OF SALE

       Deposit payable by certified or cashier's check of $5,000 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 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 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 easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward. The purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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!

Broker participation is invited.
BROKER REGISTRATION FORM