"Landover - Palmer Park"

REAL ESTATE AUCTION

“Palmer Park”

One Story
SEMI-DETACHED HOME
– On 0.10± Acre –

Sale On Premises
7711 NORMANDY ROAD
Prince George’s County, MD 20785

WEDNESDAY, OCTOBER 3, 2018
AT 2:15 P.M.

– SUGGESTED OPENING BID: $50,000 –

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:
The Palmer Park neighborhood is situated in the Landover area of northern Prince George’s County, approximately 3 miles northeast of the Washington, DC line. Landover Road (MD-202) binds the north side of the neighborhood, Martin Luther King Jr. Highway (MD-704) binds the west side of the neighborhood and the Cattail Branch binds the south side. Capital Beltway exit 17 is just over one mile to the east. Shopping, dining and neighborhood services are available nearby at the Arena Plaza Shopping Center, Woodmore Towne Centre and Dodge Plaza. According to ww.pgcps.org, nearby schools are William Paca Elementary, Kenmoor Middle and DuVal High.

For more information about the area, please visit:
http://www.pgatlas.com/
http://www.princegeorgescountymd.gov/2236/Portal
http://www1.pgcps.org/

SITE:
Lot size: 4,184 square feet, or 0.96 acre, more or less

Approximate dimensions are 41.62′ front, 33.58′ rear, depths of 112.43′ and 110′

Asphalt driveway for 1-2 vehicles

Fenced yard

All public utilities

IMPROVEMENTS:
One story semi-detached home – constructed in 1955 and containing 858 square feet of living area, according to public tax records. The home is believed to contain 4 rooms, kitchen and bath. The home requires renovation.

TAXES:
Current annual real estate taxes are $1,888.82 based on a full value assessment of $100,900. 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:
In fee simple; and will be sold free and clear of liens.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $5,000 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. 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, ground rent, 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!