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The property will be open 1 hour prior to the live onsite auction and is also available to view per the following instructions:
For Agents: please schedule online via ShowingTime.
For Individuals: Request Access to Property. Once the completed form has been received, you will receive inspection instructions via email. Inspection requests are normally answered Mon.-Fri. 9 am – 4 pm.
A $35,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price by 12:00 P.M., on Tuesday, November 21, 2023, at the Auctioneer’s Office. No buyer’s premium. For complete Terms Of Sale, see the bottom of this page.
Protas, Spivok & Collins, LLC
4330 East West Highway – Suite 900
Bethesda, MD 20814
To The Highest Bidder, Regardless of Price!
SPLIT LEVEL HOME
0.14± Acre ● 4 Bedrooms ◆ 2 Baths
Sale On Premises
10204 FOLK STREET
Montgomery County, MD 20902
MONDAY, NOVEMBER 20, 2023
AT 11:00 A.M.
Pursuant to an order of the Circuit Court for Montgomery County, Maryland, passed in the matter of Zenebech Mengistu, Plaintiff v. Endalkachew Meshesha, Defendant, Case No. 147134FL, the undersigned Trustee will sell at public auction, on the premises, the following:
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.
10204 Folk Street is located in the Forest Estates subdivision in the Silver Spring area of Montgomery County. Forest Estates comprises approximately 700 homes located near Georgia Avenue (MD-97) a short distance north of the Capital Beltway (I-495). The neighborhood was originally developed starting in the late 1940s. Neighborhood homes include both single family homes and townhomes constructed predominantly between the 1940s and 1980s.
The location provides excellent proximity to major commuter routes, employers, shopping and conveniences. The Capital Beltway (exit 31) is approximately one mile south. The Forest Glen Metro station is also about one mile south, and the Wheaton Metro station is about two miles north. Georgia Avenue provides a number of retail opportunities, including restaurants, shopping, medical services and neighborhood conveniences. Recreational opportunities include a number of parks, playgrounds, ballfields and trails, including those found at Evans Parkway Neighborhood Park, Sligo-Dennis Avenue Local Park and General Getty Neighborhood Park. According to Montgomery County Public Schools website, nearby schools include Flora M. Singer Elementary, Sligo Middle and the Downcounty High School Consortium (Blair, Einstein, Kennedy, Northwood or Wheaton Highs).
For more information about the area, please visit:
Montgomery County, MD – www.montgomerycountymd.gov
Silver Spring – visitmontgomery.com
Montgomery County Public Schools – www2.montgomeryschoolsmd.org
Lot size – 0.143 acre, more or less
Lot 14, block B, Forest Estates recorded at Montgomery County Plat 4034
The lot is irregularly shaped, and fronts 60′ on Folk Street
Fenced rear yard. Concrete driveway/parking pad for 2 vehicles. Some mature landscaping.
Zoned R-60 Residential
The property is improved by a brick and siding split level home, constructed in 1956, comprising 2,448 interior square feet, according to public tax records. Features include asphalt shingle roof, vinyl-clad replacement windows. Arranged as follows:
Living room/ Dining room – wood flooring
Kitchen – wood flooring, wood cabinets, electric range stove top and oven, dishwasher, rear access to carport
Three bedrooms – wood flooring
Full bath – ceramic tile flooring, wall tile, bath tub
Family Room – vinyl flooring
Room – vinyl flooring, door access to back yard
Full bath – ceramic tile flooring
Club room – vinyl flooring
Room – vinyl flooring
Full Bath – ceramic tile flooring
Gas heat and CAC
Gas 88 gallon water heater
150 Amp electrical panel
The property is in fee simple and sold free and clear of liens. Book MQR 17467, Page 398 in the Land Records of Montgomery County.
Published annual real estate taxes are $6,435.01 based on a full value tax assessment of $437,433.
TERMS OF SALE:
A $35,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price by 12:00 P.M., on Tuesday, November 21, 2023, at the Auctioneer’s Office. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Montgomery County at a location designated by the Trustee. If payment of the balance does not take place within the specified time, the deposit shall be forfeited or 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. If settlement is delayed for any reason, there will be no abatement of interest. All adjustments as of date of contract. Taxes and all other public charges and assessments payable on a monthly or annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of contract forward. The purchaser waives and releases the Trustee, 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 Trustee 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 Trustee or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.
No Buyers Premium
Authority to cancel this sale rests solely with the Trustee and/or the Auctioneers. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Trustee reserves: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders’ deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.
Jordan M. Spivok, Trustee