Ober, Kaler, Grimes & Shriver
Attorneys at Law
120 E. Baltimore Street
Baltimore, MD 21202

ESTATE AUCTION

MILFORD MILL
- Liberty Road Corridor -

STONE COTTAGE
In Need of Renovation

Photo of

Sale On Premises
3602 KENMAR ROAD
Baltimore County, MD 21244

WEDNESDAY, NOVEMBER 28, 2007
AT 2:30 P.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 situated just outside the Beltway (I-695) in the "Liberty Heights" subdivision of Baltimore County, about 1.5 miles west of Baltimore City. Randallstown is immediately to the west and Pikesville is to the north and east. Proximity to the Beltway (I-695), I-795, and I-70, offers a number of commuting options. Schools, shopping and entertainment are nearby.

For a detailed profile of Milford Mill, visit:
http://en.wikipedia.org/wiki/Milford_Mill,_Maryland

For more information on Baltimore County, visit:
http://www.co.ba.md.us/

Location Map

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

SITE:

0.25 acre, more or less

Public water and sewer

SUBDIVISION PLAT

ZONING:

DR 5.5, Residential.

IMPROVEMENT
DESCRIPTION:

One and one-half story all stone cottage contains a living room with fireplace and stone mantle, dining room, kitchen, rear entry foyer with walkout to rear yard, two bedrooms and full bath, on the first floor; finished storage attic; partial basement, gas forced air heat, 30 gallon gas fired water heater and 100 amp. electric. Note: The home is in poor condition and needs renovation.

ANNUAL REAL
ESTATE TAXES:


$1,791

TITLE:

In fee simple; sold free and clear of all liens.

INSPECTION:

1:45 p.m. on the day of the auction.


TERMS OF SALE

       A $5,000 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. 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 and 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. Purchaser assumes the risk of loss from the date of sale forward. The purchaser waives and releases the Sellers, 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. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. If the Sellers are 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 Sellers 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!

Cynthia L. D'Adamo, Personal Representative
for the Estate of Catherine L. Smith