Real Estate Auction

PARKSIDE

UNIQUE4 UNIT
APARTMENT BUILDING

Consisting of 4 Adjoining Self-Contained Townhomes

Photos of auction property
FRONT VIEW      REAR VIEW      STREET SCENE

Sale On Premises
4340½ ROBERTON AVENUE
(4340½ -4342-4344-4346 Roberton Avenue)
Off 4600 Bowleys Lane, Baltimore, MD 21206

THURSDAY, MARCH 22, 2007
AT 11:00 A.M.
(Inspection 10:15 A.M.)

LOCATION:

4340½ Roberton Avenue is situated east of Belair Road (US-1) and south of Moravia Road in the "Parkside" neighborhood of northeastern Baltimore City. The surrounding neighborhood consists predominantly of well-kept two story brick townhomes. Good public transportation and nearby schools make the area desirable for home buyers and renters.

For a description of the neighborhood, click:
http://www.livebaltimore.com/nb/list/BelairParkside/

LOCATION MAP

BUILDING:

Two story brick and vinyl siding structure, circa 1955, divided into 4 adjoining townhouses, each with separate front and rear entrance

Exterior
8-car rear parking lot
Composition shingle roof
Double hung replacement windows - new 2006
Vinyl siding - new 2006
Interior
Each unit contains:
First floor - living room with coat closet, eat-in kitchen with range/oven, refrigerator, laminate cabinets, and utility closet
Second floor - 2 bedrooms and full tile bath
Mechanical - Gas forced hot air heat, central air conditioning, 30-gallon gas water heater, separate utility meters

SITE:

Irregular shaped lot, fronting approximately 68' on Roberton Avenue by approximately 100' depth and access to the rear parking area from an alley leading from Bowleys Lane; all dimensions are more or less.

BLOCK PLAT

ZONING:

R6, residential

RENTALS:
4340½$    600/monthMonth-to-month tenant
4342$    750/month  Month-to-month tenant
4344$    750/month  Lease expires May 4, 2007
4346$    650/month  Lease expires October 31, 2007
  $2,750/month   

Tenants pay for their own utilities. Month-to-month units may be released at a higher monthly rent prior to settlement.

TAXES:

2007 Annual Real Estate Taxes - $3,692.99

TERMS OF SALE:

A $20,000 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. All adjustments, including taxes, rents, 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 settlement 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, and subject to the rights of the tenants in possession of all or part of the property. 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