"Capitol Heights"

REAL ESTATE AUCTION

Fully Renovated
RESIDENTIAL BUILDING
– Arranged for 5 Dwelling Units –

Sale On Premises
1106 CEDAR HEIGHTS DRIVE
Off Sheriff Road
Prince George’s County, MD 20743

THURSDAY, MARCH 15, 2018
AT 11:00 A.M.

– Suggested Opening Bid: $250,000 –

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:
1106 Cedar Heights Drive is located in the Cedar Heights subdivision of Capitol Heights, just northeast of the Washington, D.C. line. Cedar Heights is proximate to both US-50 and the Anacostia Freeway (I-295). The convenient location is accessible for commuters throughout the D.C. Beltway area, and is approximately 1.5 miles from both the Cheverly and Deanwood Metro stations. Metrobus service is along Cedar Heights Drive and Sheriff Road.

SITE:
Mostly rectangular lot: 0.213 acre, more or less

Serviced by public water, public sewer and natural gas

2-3 car concrete driveway

Fenced rear yard

Alley access to rear of property. Potential for more off-street parking.

ZONING:
R-18, multi-family medium density residential
SE-175, special exception for tourist home
A-2252, amendment to zoning (contact Prince George’s County District Council for more information)
There is no current multi-family use and occupancy permit for the property

For more information about Prince George’s County Zoning, see the Prince George’s County Zoning Code.

IMPROVEMENT DESCRIPTION:
Two and one-half story brick building – according to public tax records, the building was constructed in 1947, contains 3,150 square feet of living area and 1,575 square feet of mostly finished basement space. The property has been recently fully renovated, and is arranged for 5 self-contained dwelling units and storage garage. Units feature separate interior entrances, vinyl clad replacement windows, self contained HVAC and all new finishes.

Exterior
All brick construction
Asphalt shingle roof
Aluminum down spouts and rain gutters
First floor common entry
Lower level exterior entry through garage

Unit A – Lower level two bedroom owner/manager’s suite
Kitchen/living room – ceramic tile floor
Master suite with en-suite bath
Bedroom – carpet
Full bath – ceramic tile floor

Unit B – First floor two bedroom unit
Living room – hardwood floor
Kitchen – ceramic tile floor
Bedroom
Bedroom
Full bath – ceramic tile floor

Unit C – First floor one bedroom unit
Living room – laminate floor
Kitchen – ceramic tile floor
Bedroom
Full bath – ceramic tile floor

Unit D – Second and third floor 3-4 bedroom unit
Living room – laminate floor
Kitchen – ceramic tile
Bedroom
Full bath – ceramic tile
Upper level master suite with en-suite bath
Two additional rooms – carpet

Unit E – Second floor two bedroom unit
Living room – hardwood floor
Kitchen – ceramic tile floor
Bedroom
Bedroom
Full bath – ceramic tile floor

Mechanical
6 electric meter stack – no current operating meter – multi-family use and occupancy permit would be required for further service
5 electric heat pumps with CAC
5 electric water heaters
1 water meter

The property is currently vacant.

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

TAXES:
The current owner has an exemption for a significant portion of real property taxes. Annual real estate taxes are estimated to be $4,643 for a non-exempt owner based on a full value assessment of $417.500.

TERMS OF SALE:
A $30,000 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 on or before Monday, April 30, 2018. 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. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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!