Rob Goldman Legal Solutions, Attorneys
6800-B Holabird Avenue, Dundalk, MD 21222

ATTORNEY'S AUCTION

PIKESVILLE
"Shelburne Heights"

CAPE COD HOME
Arranged for 2 Apartments

Photos of auction property
FRONT VIEW      GARAGE

Sale On Premises
3225 MARNAT ROAD
Between Seven Mile Lane & Labyrinth Road
Baltimore County, MD 21208

FRIDAY, JUNE 8, 2007
AT 2:00 P.M. (Inspection 1:15 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, square footage and acreage contained herein are more or less.

LOCATION:

3225 Marnat Road is located in northwest Baltimore, three blocks south of Smith Avenue and north of the Baltimore City-County line. The surrounding neighborhood is well established and homes appear nicely maintained.

Public Schools are within walking distance and comprise (from Baltimore County Public Schools Web Site) - Wellwood International Elementary School, Pikesville Middle School and Pikesville High School.

LOCATION MAP & DIRECTIONS

SITE:

Rectangular lot - 50' x 125', more or less

HOME:

Circa 1936 shingle Cape Cod-style home features covered front porch with Trex floor, replacement windows, stone foundation, detached one-car garage and four-car driveway. Some exterior cosmetic repairs are needed. The home is currently arranged for two apartment units, each with separate entrance; easily convertible to single-family use, if desired.

First Floor - currently rented for $820/month with lease expiring 7/31/07.
Living Room
Photo of
Dining Room with corner cabinet
Photo of
Updated Kitchen - white laminate cabinets, range/oven, refrigerator
Photo of
2 Bedrooms
Full Bath
Second Floor - currently vacant
Living Room
Updated Kitchen - white laminate cabinets, range/oven, refrigerator, washer and dryer
Photos of auction property
KITCHEN PHOTO #1      PHOTO #2
2 Bedrooms - ceiling fans
Full Bath
Basement
Unfinished
Washer, dryer and utility sink used by first floor tenant
Mechanical
Updated oil furnace with steam radiators
2 electric meters - each with 100 ampere service
40-gallon gas water heater

TAXES:

2007 real estate taxes - $1,723.54

TITLE:

In fee simple. Deed Liber 11074, folio 688. The property is sold free and clear of liens.

TERMS OF SALE:

A $15,000 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 before 2:00 P.M. on Monday, June 11, 2007 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. The Purchaser waives and releases the Seller, the Attorney, 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 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