"Landover Hills - Grayling"

J. Michael Holloway, Attorney
Holloway & Sullivan, LLC
One North Charles Street – Suite 2525
Baltimore, MD 21201

ESTATE SALE

“Grayling”

Two Story
TRADITIONAL HOME
– 0.20+/- Acre Lot –
Fenced Yard & Parking

Sale On Premises
4613 68^th PLACE
Hyattsville, Prince George’s County, MD, 20784

WEDNESDAY, FEBRUARY 8, 2017
AT 12:15 P.M.

– SUGGESTED OPENING BID: $75,000 –

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:
4613 68th Place is located in the Landover Hills neighborhood in Prince George’s County, which features traditional single family homes on typically neat lots. Landover Hills is situated just east of the Baltimore Washington Parkway and is proximate to numerous amenities including restaurants, Wal-Mart, bowling alley, Capital Plaza and other neighborhood services . According to pgcps.org, area schools are believed to be Cooper Lane Elementary, Excel Academy Public Charter School and Bladensburg High.

For more information, please visit:
www.hyattsville.org/
www.pgcps.org/schools/

SITE:
Rectangular shaped lot: 0.20 acre, more or less

Fenced front and rear yard

Asphalt driveway for 1-2 vehicles

IMPROVEMENTS:
Two story aluminum sided home constructed in 1949, contains 960 square feet of living area and 480 square feet of basement space, according to public tax records. Features include vinyl replacement windows, gas furnace, gas water heater and walk out basement. The home is arranged as follows: an enclosed porch, living room, dining room, kitchen, on the first floor; three bedrooms and bath on the second floor; partially finished basement with half bath.

TAXES:
Current annual real estate taxes are $4,016 based on a full value assessment of $179,150. 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 is being sold free and clear of all liens.

TERMS OF SALE:
A $7,500 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. 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 their 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!

Sale by the order of the Estate of John Lohman, by:
J. Michael Holloway, Personal Representative