Justin J King, Esquire
409 Washington Avenue, Suite 707
Towson, Maryland 21204

ESTATE AUCTION, ET AL.

9 Baltimore City Properties
- 3 Properties Sold Absolute -
Income - Multi-Unit - Commercial - Residential

Sales On Respective Premises
TUESDAY, OCTOBER 2, 2007

LOCATION MAP (for all properties)


AT 10:00 A.M. - 1802 N. LONGWOOD STREET
"Walbrook-Rosemont" - Multi-Unit Commercial Building
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       Off 2900 W. North Ave., 21215 - Three story freestanding storefront building, containing a first floor barber shop, two apartment units and a two car garage. Gas Heat. Lot size: 14' x 90', more or less. In fee simple. Zoned B-2-2 (Currently zoned for two units, but previously zoned for three). Attractive financing available: up to 75% of the purchase price with 10% interest; 10 year amortization; and 2 year maturity.


AT 10:30 A.M. - 4655 PARK HEIGHTS AVENUE
"Central Park Heights" - Rental Townhome
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       Absolute to the Highest Bidder - One-half block south of Virginia Ave., 21215 - Two story brick covered porchfront townhome contains a living room, dining room and kitchen, on the first floor; three bedrooms and bath, on the second floor; basement. Irregular lot comprising 0.117 acres, more or less. In fee simple. Rented for $575 per month. MDE lead certificate.


AT 10:50 A.M. - 3123 SUMTER AVENUE
"Central Park Heights" - Rental Townhome
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       Absolute to the Highest Bidder - Off 4500 Pimlico Rd., 21215 - Two story brick covered porchfront townhome contains a living room, dining room and kitchen, on the first floor; three bedrooms and bath, on the second floor; basement. Lot size: 14' x 115'3", more or less. Annual $96 ground rent. Rented for $385 per month.


AT 11:10 A.M. - 3024 WYLIE AVENUE
"Parklane" - Two Story Townhome
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       Corner of 4500 Pimlico Rd., 21215 - Two story brick end-of-group covered porchfront townhome believed to contain a living room, dining room and kitchen, on the first floor; three bedrooms and bath, on the second floor; basement. Lot size: 23' x 100', more or less. In fee simple. Needs renovation.


AT 11:35 A.M. - 2818 OAKFORD AVENUE
"Parklane" - Two Story Townhome
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       Absolute to the Highest Bidder - Two blocks off 4400 Pimlico Rd., 21215 - Two story brick end-of-group covered porchfront townhome contains a living room, dining room and kitchen, on the first floor; three bedrooms and bath, on the second floor; full basement and gas forced air heat. Lot size: 27'9" x 81'4", more or less. Annual $96 ground rent.


AT 12:10 P.M. - 428 CALVIN AVENUE
"Oakenshawe" - Victorian Cottage
Resale At The Risk And Expense Of
The Defaulting Contract Purchaser

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       Great neighborhood in the National Register of Historic Places, just south of Guilford, three blocks from Johns Hopkins - Off 3400 Barclay St., 21218 - 2½ story Victorian cottage contains a living room, dining room and kitchen, on the first floor; 3 bedrooms and bathroom, on the second floor; basement. Lot size: 25' x 90', more or less. In fee simple.


AT 12:35 P.M. - 2958 GREENMOUNT AVENUE
"Abell" - Commercial Zoning
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       Corner of 400 E. 30th St., 21218 - Two story brick end-of-group townhome is believed to contain a living room, dining room and kitchen, on the first floor; three bedrooms and bath, on the second floor; basement. Zoned B-2-3. Irregular lot comprising 0.042 acre, more or less. In fee simple. Needs cosmetic work.


AT 1:05 P.M. - 2032 E. NORTH AVENUE
"South Clifton Park" - Two Story Townhome
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       Between Chester St. and Castle St., 21213 - Two story brick inside-group townhome contains a living room, dining room and kitchen, on the first floor; three bedrooms and bath, on the second floor; basement. Lot size: 13'4" x 80', more or less. Annual $60 ground rent.


AT 1:40 P.M. - 5632 BELAIR ROAD
"Waltherson - Frankford" - Commercial Zoning
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       One-half block south of Hamilton Ave., 21206 - Two story brick inside-group townhome contains a living room, dining room and kitchen, on the first floor; three bedrooms and bath, on the second floor; basement with half-bath, club room, gas heat, 40 gal. gas water heater and 150 amp. electric. Zoned B-3-1. Lot size: 15' x 110', more or less. In fee simple.


TERMS OF SALE

       A $2,500 deposit for each property, payable by certified or cashier's check, is required at the 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 will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Vacant properties (1802 N. Longwood St., 3024 Wylie Ave, 2818 Oakford Ave., 428 Calvin Ave., 2958 Greenmount Ave., 2032 E. North Ave. and 5632 Belair Rd.) - 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, ground rent, 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. Rented properties (4655 Park Heights Ave. and 3123 Sumter Ave.) - all adjustments as of date of settlement. All properties - will be sold in "AS IS" condition, and subject to easements, agreements, restrictions, covenants of record affecting same or building violation notices, 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 BUYERS PREMIUM