REAL ESTATE AUCTION

PATTERSON PARK

Gutted and Framed
TWO STORY TOWNHOME
Ready to Finish

Photos of auction property
FRONT VIEW     STREET SCENE

Sale On Premises
123 N. LUZERNE AVENUE
Off 2500 Block of Fairmount Avenue
Baltimore, Maryland 21224

TUESDAY, OCTOBER 30, 2007
AT 11:00 A.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 northern part of the "Patterson Park" community. The area has been a hotbed of redevelopment for the past few years, as prices have been steadily climbing in the neighborhood. Many of the homes on the block have already been renovated, offering upside potential in an already developing area. Access to all the conveniences of Patterson Park itself, the surrounding Patterson Park community, Canton, Fells Point and Highlandtown, makes the area both convenient and full of activities and entertainment. City center is just 10 minutes to the east, and Interstate 95 is just a few miles to the west.

For more information on Patterson Park, visit:
http://www.livebaltimore.com/nb/list/pattpk/

Location Map

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

SITE:

Lot size is 14' front by 75' deep, more or less.

ZONING:

R-8, Residential.

IMPROVEMENT
DESCRIPTION:

Two story brick inside group townhome has been gutted and framed with a number of improvements. Features include upgraded 200 amp. electric, new ductwork, new HVAC system for forced air heat and CAC. Both the electrical systems and mechanicals have passed inspection. The home is arranged for a living room, dining room, powder room, and kitchen with walk-out to rear parking pad, on the first floor; two bedrooms suites each with their own bathroom, on the second floor; and basement. The home has had a lot of work already done, and is ready to be finished.

ANNUAL REAL
ESTATE TAXES:


$1,000

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

10:30 A.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, 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 agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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