"Upper Marlboro"

A $10,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:00 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount. A 5% buyer’s premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

– OPENING BID: $75,000 –

UPPER MARLBORO
Treetop Condominium Park

GATED COMMUNITY
CONDOMINIUM UNIT
– 2 Bedrooms ✧ 2 Bathrooms ✧ Assigned Parking –

Known As:
10105 PRINCE PLACE #303
Off Campus Way S
Upper Marlboro, Prince George’s County, MD 20774

BIDDING OPENS:
TUESDAY, APRIL 25, 2023

BIDDING CLOSES:
THURSDAY, APRIL 27, 2023 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:
10105 Prince Place #303 is located in the gated community of Treetop Condominium Park in the town of Upper Marlboro in Prince George’s County. Well located, the unit is off of Campus Way S., having grocery stores, restaurants, retail shops, home improvement stores and more within a half mile. Located across the street from Prince George’s Community College, the unit can cater to both full-time and part-time students. Commuters can take advantage of I-495 for north/south travel and Central Avenue for east/west travel. Bus lines are immediately outside of the condominium complex and the Largo Metro line is 5 minutes away. Thrill seekers have various options for entertainment, being less than 5 miles from Six Flags America and FedEx Field. Major employers in the area include various government jobs in Washington DC, Prince George’s Community College and the various shops at Largo Town Center/Plaza. According to the Prince George’s County public schools locator, the area public schools include Lake Arbor Elementary School, Ernest Everett Just Middle School and Largo High School.

For more information, please see
Prince George’s County, MD – www.princegeorgescountymd.gov
Town of Upper Marlboro – www.uppermarlboromd.gov
School Finder – gis.pgcps.org

IMPROVEMENTS:
Top floor condominium unit with two bedrooms, two bathrooms and assigned parking is located in the Treetop Condominium Park. According to public tax records the condominium complex was constructed in 1976 and contains 1,082 square feet of living area. The unit has an open living room/dining room space, kitchen, two bedrooms, two bathrooms, in-unit washer/dryer and balcony. The unit was previously rented for $1,600 per month. The unit is currently vacant. Treetop Condominium complex assigns one spot and provides parking validation for another.

Plat

CONDOMINIUM FEES:
Monthly condominium fees are $665.13 and include all utilities, master insurance policy, assigned parking spaces and card access to the gated community.

Condominium Resale Package:

• Part 1
• Part 2

TITLE:
In fee simple; sold free and clear of liens. Prince George’s County Deed Book REP 17757, page 518.

TAXES:
Published annual real estate taxes are $1,443.69 based on a full value assessment of $91,000.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $10,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:00 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, condominium fees and 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, and subject to the Declaration and By-Laws of the Treetop Condominium Association. Purchaser assumes the risk of loss from the date of contract forward. 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. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. The Purchaser agrees to waive any right of rescission under Maryland Condominium Law, having reviewed the condominium resale package prior to the auction and execution of the contract of sale. 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 5% buyer’s premium will be added to the final bid price.