"District Heights - Phelp's Addition to Forestville"

 REAL ESTATE AUCTION 

– $140,000 Suggested Opening Bid –

“Phelp’s Addition to Forestville”

ATTRACTIVE BUNGALOW
3 Bedrooms ◆ 2 Baths ◆ Bonus Room

Sale On Premises
2805 OCALA AVENUE
Prince George’s County, MD 20747

THURSDAY, NOVEMBER 1, 2018
AT 1:00 P.M.

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:
2805 Ocala Avenue is located in Prince George’s County, west of the Capital Beltway (I-495/95), one block east of Forestville Ritchie Road, north of Jordan Park Boulevard and south of Vineyard Drive. The home is about one mile north of the Capital Beltway Pennsylvania Avenue Exit (MD-4). Numerous shopping centers are also within one mile of the home. Nearby public schools are North Forestville Elementary, Walker Mill Middle and Dr. Henry A. Wise, Jr. High School, according to the PBCPS web site.

SITE:
Rectangular lot 75′ x 138′, comprising 0.24 acre
White picket fence
All public utilities
Zoning R55, residential
Macadam driveway with 2-3 car parking

IMPROVEMENTS:
One and one-half story home, built in 1939, comprising 1,132 square feet of living area and 880 square feet of basement space, according to public tax records.

Exterior
Vinyl siding
Composition shingle roof
Vinyl double-hung replacement windows
Covered front porch
Large rear sun deck

First Floor

• Living Room – wood floor, wood-burning fireplace
• Eat-in Kitchen – wood floor, wood cabinets, laminate counters, gas range/oven, refrigerator
• Bonus Room – vinyl floor
• Bedroom #1 – wood floor, ceiling fan, large closet
• Bedroom #2 – wood floor
• Full Bathroom – ceramic tile

Second Floor

• Bedroom #3 – vinyl floor

Basement

• Family Room with ceramic tile floor, laundry area with washer
• Full Bathroom with whirlpool tub

Mechanical
Gas hot water heat with radiators and electric baseboard heat in bonus room
150 amp. electrical service
Gas water heater
Sump pump

REAL ESTATE TAXES:
Published annual real estate taxes are $2,706, based on a full value assessment of $155,300. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
The property is in fee simple and sold free and clear of liens. Prince George’s County Deed Book 41183, Page 226.

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms – A $10,000 deposit, payable by 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. 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, 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. 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 except where otherwise mandated by local, State or Federal law. Time is of the essence.

No buyer’s premium.