Real Estate Auction



Photos of auction property

Sale On Premises
Parallel and One Block
North of Boston St. 21224

WED., OCT. 18, 2006
AT 3:00 P.M.



       Circa 1880 three story inside-group brick townhome, gutted for rehab. The home has been framed for a living/dining/kitchen, on the first floor, bedroom and bath on each of the upper floors, 100 amp. elec., ducted for HVAC, rough plumbing, water heater, new roof, new double glazed windows and repointed front wall. Lot size 12'4" x 60', more or less. In fee simple. 2005 real estate taxes: $2,901.16.

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       TERMS OF SALE: A $10,000 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. 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. 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.

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