PUBLIC AUCTION

BALTIMORE INNER HARBOR
"Scarlett Place"

Across the Street from Little Italy!

LUXURY CONDO. UNIT
PARKING SPACE INCLUDED


Photos of auction property
EAST SIDE OF BUILDING      WEST SIDE OF BUILDING

Sale On Premises
#209 - 250 S. PRESIDENT STREET
Between Little Italy and Pier 5
BALTIMORE, MD 21202

WEDNESDAY, MARCH 28, 2007
AT 12:00 NOON


       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:

Baltimore's premier location, nestled between the Baltimore Inner Harbor, Baltimore's famous Little Italy featuring over 20 restaurants, Inner Harbor East (with numerous restaurants and shops including Whole Foods grocery store), and Pier 5 (with live music, restaurants and more). The Downtown business district and Fells Point are both within walking distance.

Photos of auction property
AERIAL PHOTO    PIER 5 & AQUARIUM    PIER 5 & HARBOR

"Scarlett Place" is truly the prime location just beyond the foot of I-83 (Jones Falls Expressway) and within minutes to I-395 which feeds into I-95, making it very convenient to Washington, D.C. and destinations to the north. BWI airport is located only 12 miles to the north (15 minutes drive time).

LOCATION MAP

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

For information on Scarlett Place, visit:
http://www.scarlettplace.org/

For information on Little Italy, visit:
http://www.littleitalymd.com/
or
http://www.livebaltimore.com/nb/list/littit/

For information on the Baltimore Inner Harbor, visit:
http://www.baltimore.to/baltimore.html

For information on Harborplace, visit:
http://www.harborplace.com/html/
or
http://www.baltimore.to/Harborplace/index.html

GENERAL
INFORMATION
SCARLETT PLACE:

Quality constructed 14 story brick and masonry building features: 24-hour reception desk with security entry, beautiful lobby, indoor swimming pool, gym, large party/meeting room, garage parking with security entry; guest parking (5:00 p.m. to 8:00 a.m.); trash chute on each level; condo. fee also includes basic cable television (plus one premium channel) and water.

Photos of auction property
PLAZA AT FRONT OF BUILDING    LOBBY ENTRANCE

UNIT 209
IMPROVEMENT
DESCRIPTION:

Attractive spacious unit features large windows with great views of the Baltimore skyline. The unit comprises 1,458 square feet, more or less (according to tax records), and features marble tile entry foyer, wall-to-wall carpeting, wet sprinklered fire protection system, recessed lighting, 50 gallon water heater, electric heat pump and central air conditioning. Also included with the unit are two storage lockers.

The unit is arranged as follows:
Entry foyer with marble floor
Living Room with French door walkout to covered balcony
Photos of auction property
LIVING ROOM    BALCONY
VIEW TO NORTH    VIEW TO SOUTH
Dining Room with tract lighting
Photo of
Modern kitchen with double breakfast bar, breakfast area, range/oven, built-in microwave oven, dishwasher, refrigerator/freezer and disposal
Photos of auction property
KITCHEN PHOTO #1    KITCHEN PHOTO #2    BREAKFAST BARS
Master bedroom with large walk-in closet
Master bathroom with marble tile flooring and wainscot, shower/bath with whirlpool tub
Photo of
Spacious additional bedroom
Photo of
Full hall bathroom with marble tile flooring and wainscot
Laundry Closet with stacking washer/dryer

GARAGE PARKING
SPACE #400


Secure indoor parking space (separate tax assessment)
Photo of

ANNUAL REAL
ESTATE TAXES:

Unit #209 - $4,160
Parking Space #400 - $184

CONDOMINIUM
FEES:       


Unit #209 - $650 per month
Parking Space #400 - $48 per month
Note: The Scarlett Place condominium documents are available for inspection at the office of the Auctioneers. Inspection of the documents is by appointment only.

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

11:00 a.m. on the day of the auction

TERMS OF SALE

       Deposit payable by certified or cashier's check of $25,000 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 defaulting purchaser. Taxes, condominium fees and all other public charges and assessments, payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of settlement and assumed thereafter by the purchaser. Condominium documents are available for inspection at the office of the Auctioneers. The purchaser waives their right of rescission as provided by Maryland Law. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, condominium and community association by-laws, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward. 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 Auctioneer. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE.

NO BUYER'S PREMIUM!

Broker participation is invited.
BROKER REGISTRATION FORM