Thomas J. Schetelich, Attorney
Ferguson, Schetelich & Ballew, P.A.
100 S. Charles Street - Suite 1401
Baltimore, MD 21201

REAL ESTATE AUCTION
(Due to Church Dissolution)

- Northeast Baltimore -
BRICK CHURCH BUILDING

Approximately 380 Seat Sanctuary
Adjoining Classroom, Fellowship & Administration Building
Fixtures & Equipment, Paved Parking Lot



Photos of auction property
FRONT VIEW      AERIAL PHOTO      FRONT STEPS
SECOND ENTRANCE      SIDE VIEW      VIEW OF STREET

Sale On Premises
3599 E. NORTHERN PARKWAY
Corner Fairdel Avenue, Baltimore, MD 21206

FRIDAY, JUNE 9, 2006AT 11:00 A.M.

LOCATION:

The property is located along the south side of Northern Parkway, east of Harford Road and west of Belair Road, in the "Rosemont East" neighborhood of northeast Baltimore. The area is well established. Neighborhood homes are typically well maintained and property values are increasing. Public bus transportation is at the door.

Northeast Baltimore neighborhood link:
http://www.livebaltimore.com/nb/map/ne/

LOCATION MAP & DIRECTIONS

BUILDING:

All brick church building, circa 1955, features covered, pillared entry, composition shingle roof, wood and vinyl double hung windows, wheelchair access and attractive cupola. Adjoining classroom and administrative structure has similar windows, built-up roof and separate covered entrance.

Upper Level

Entry Hall

Sanctuary - carpeted, approximately 320 pew seats, balcony with approximately 60 seats, pulpit, organ, choir stand with seating, nursery
Photos of auction property
PHOTO #1      PHOTO #2      PHOTO #3

4 - Classrooms

Rest Room

General Office Area

Lower Level

Foyer

Large Meeting/Fellowship Hall with dividers
Photo of

Kitchen - 2 range/ovens, 3-compartment stainless steel sink, cabinets

Classroom

Nursery

4 - Rest Rooms

Mechanical and Storage Rooms

Mechanical
2 - oil fired hot water boilers
Heavy single-phase electrical power
Zoned central air conditioning in sanctuary, window units in adjoining building


Fixtures & Equipment - included in sale
Church pews
Folding tables and chairs
Kitchen equipment
Office and classroom furniture
Organ
P.A. equipment

SITE:

Corner lot fronting approximately 226' along E. Northern Parkway and 75' along Fairdel Avenue, comprising 0.46 acre, all being more or less. Asphalt paved for approximately 12 cars.

BLOCK PLAT

NOTE:

T-Mobile has expressed an interest in leasing the cupola, for use as a hidden cellular tower, at a rental of $1,500/month.

T-MOBILE PROPOSAL (pdf)

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TITLE:

In fee simple. The property will be sold free and clear of liens.

ZONING:

R-5, residential

INSPECTION:

By appointment or one hour prior to the sale.

TERMS OF SALE:

A $25,000 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 by 11:00 a.m. on Monday, June 12, 2006, 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 waives and releases the Seller, 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 and transfer taxes to be paid by the purchaser. Time is of the essence.

Broker Participation is invited.
BROKER REGISTRATION FORM

Auction by order of:
Evangelical Presbyterian Church of Baltimore, Inc.