REAL ESTATE AUCTION

MILFORD
Gwynn Oak Area

Ready to Renovate
BUNGALOW
WITH DETACHED GARAGE

Photos of auction property
FRONT VIEW      REAR VIEW      GARAGE
STREET SCENE #1      STREET SCENE #2

Sale On Premises
3613 LATHAM ROAD
Off 7300 Liberty Road
Baltimore County, Maryland 21207

TUESDAY, MAY 22, 2007
AT 2:00 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 located in the "Milford" subdivision in the Liberty Road corridor of Western Baltimore County. Nice, landscaped lots within a quiet neighborhood setting characterizes the area. The handful of streets that make up Milford form an enclave surrounded by Villa Nova Park, giving a much quieter feel to a neighborhood within the beltway. Milford's location in Baltimore County, just west of the Baltimore City line, offers great convenience for commuters of all types. I-695 is a blink of an eye to the West, I-70 is just a few miles to the south, and metro subway service is also very close.

For more information on Baltimore County, visit:
http://www.baltimorecountymd.gov/

LOCATION MAP

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

SITE:

Lot size is 60' front by 150' deep, comprising 0.21 acre, more or less

ZONING:

DR 3.5, single family residential.

IMPROVEMENT
DESCRIPTION:

One and one half story frame bungalow with dormers has been broom cleaned, and is prime for renovation. Features include a slate roof, a stone porch and walkway, and a detached garage. The home contains a well sized living room with fireplace, dining room, kitchen, two bedrooms, and bath, on the first floor; bedroom and storage room, on the second floor; partially finished basement with knotty pine paneling, laundry hook-up, and flush; oil steam heat. The property offers a great opportunity for a homeowner to renovate the property to their own specifications, or for an investor to rehab. and resell.

ANNUAL REAL
ESTATE TAXES:


$1,654

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

       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.