"Clinton - Cambridge Estates"

ONLINE REAL ESTATE AUCTION

0.23± ACRE
RESIDENTIAL LOT
– Zoned R-80 – Residential –

KNOWN AS:
7903 MAXFIELD STREET
Clinton, Prince George’s County, MD 20735

BIDDING OPEN:
WEDNESDAY, JULY 15, 2020

BIDDING CLOSE:
FRIDAY, JULY 17, 2020 AT 12:00 P.M.

$10,000 Suggested Opening Bid

NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
7903 Maxfield Street is located in the Cambridge Estates subdivision in the Clinton area of Prince George’s County. The property is situated just off Old Branch Avenue, and less than one mile from Branch Avenue (MD-5), the primary thoroughfare in the area. An array of shopping, dining and neighborhood services are close by, including 2 grocery stores (Safeway and Shoppers), Lowe’s Home Improvement and Walmart. Capital Beltway (I-495, exit 7) is about 6 miles north. Joint Base Andrews and National Harbor are also in close proximity. According to the Prince George’s County school finder, nearby schools are believed to be James Ryder Randall Elementary, Stephen Decatur Middle and Surrattsville High.

For more information about the area, please visit:
Prince George’s County Government – www.princegeorgescountymd.gov
Prince George’s County Schools – www.pgcps.org
PGAtlas – www.pgatlas.com
SDAT Real Property Search – sdat.dat.maryland.gov

SITE:
Lot – 0.23 acre, more or less, according to public tax records.

Mostly level and clear lot within an existing subdivision. Known as Lot 2, Block C, in “Section One (1), Cambridge Estates” recorded at plat book WWW 44 plat 79.

Plat

The property is believed to be in an S-3 sewer and W-3 water category, meaning public water and sewer exist in the neighborhood. Water and sewer service is believed to be in surrounding properties fronting on Mardella Boulevard and Plata Street. Access may need to be extended down Maxfield Street.

Water and Sewer overlay from PGAtlas

ZONING:
R-80 residential, and residential planned community overlay

For more information, please visit Prince George’s County Zoning.

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes (19/20 tax year) are $1,616.75 (including a prior lien) based on a full value tax assessment of $75,600.

Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $2,500 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, before Monday, July 20, 2020 at 12:00 Noon. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or 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 contract to date of settlement. All adjustments, including taxes and all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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 contract 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 Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law. Time is of the essence.

No buyer’s premium.