"Hyattsville - The Oaks at 65th Condominium"

REAL ESTATE AUCTION
$85,000 Suggested Opening Bid

“The Oaks at 65th Condominium”

END-OF-GROUP
TOWNHOUSE CONDO.
3 Bedrooms ◆ 2.5 Baths

Sale On Premises
3511 65TH AVENUE #11E
Prince George’s County, MD 20784

FRIDAY, AUGUST 24, 2018
AT 11:00 A.M.

Two-level condominium unit in a brick and siding townhouse building, built in 2007 and contains 1,584 square feet of living area, according to public tax records. The unit is believed to contain a foyer, living room with fireplace, dining room, kitchen and half-bath on the main level; master bedroom with en-suite bath, bedroom #2, bedroom #3 and hall bath, on the upper level; patio; electric heat pump and central air conditioning.

The unit is known as 3511-11E, Building 11, Condominium known as “Phase 11, The Oaks at Sixty-Fifth Condominium II”. Monthly condominium fees are estimated to be $155. Condominium Resale Package

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.

Published annual real estate taxes are $2,648, based on a full value assessment of $154,000. 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 

TERMS OF SALE: A $7,500 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 by 11:00 A.M., Monday, August 27 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 8% per annum, from date of contract to date of settlement. All adjustments, including taxes, condominium or homeowners association fees, if any, 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. Purchaser agrees to waive any right of rescission under Maryland Homeowners Association and/or Condominium Law, if applicable. 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. A 4% buyer’s premium will be added to the final bid price.