"Silver Spring - Takoma Park"

Live Auction Bidders – A $50,000 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 within 24 hours at the Auctioneer’s office. Personal or business checks will be accepted for the increased deposit at the sale site. Otherwise, wiring instructions will be provided or a cashier’s check can be delivered to the Auctioneer’s office.

Online Auction Bidders – a $50,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction. Deposit Escrow Agreement

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 please see for the Sample Contract.

Live Onsite & Simulcast Online Bidding
$400,000 Opening Bid

SILVER SPRING

“TAKOMA PARK”

RENOVATED HOME
4 BEDROOMS ✦ 2 BATHS ✦ 0.22 ACRE

Known As:
114 GENEVA AVENUE
Silver Spring, Montgomery County, Maryland 20910

Online Bidding Opens
MONDAY, DECEMBER 9, 2024

Live Onsite Auction
WEDNESDAY, DECEMBER 11, 2024
AT 12:00 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:
114 Geneva Avenue is located in the City of Takoma Park, a suburb of Silver Spring in Montgomery County. The surrounding area is comprised of well maintained single family homes and park land. Several parks with miles of scenic trails, playgrounds and ball fields are within close proximity to the house. Within 2 miles of the home are several grocery stores, restaurants, retail and other entertainment venues. The location provides excellent proximity to major commuter routes, employers and other conveniences. Equidistant to Georgia Avenue, University Boulevard and New Hampshire Avenue. The Capital Beltway is also nearby. According to the Montgomery County Public Schools locator, the local public schools include Takoma Park Elementary, Piney Branch Elementary, Takoma Park Middle School and DCC (Blair) High School.

For more information, please see below:
City of Takoma Park – takomaparkmd.gov
Montgomery County MD – www.montgomerycountymd.gov
School Assignment Tool – gis.mcpsmd.org

SITE:
Rectangular lot comprising 0.22 acre, more or less. Plat

Asphalt parking pad for 3+ vehicles

Partially fenced yard with storage shed

All public utilities

IMPROVEMENTS:
One story home, constructed in 1981, containing 960 square feet of living area and 960 square feet of basement space, according to public tax records. The home has been renovated and contains four bedrooms, two bathrooms, sunroom, kitchen and basement kitchenette. The kitchen features stone countertops and stainless steel appliances.

EXTERIOR:
Vinyl siding
Asphalt shingle roof
Vinyl replacement windows
Concrete rear porch

INTERIOR:
Upper level:
Living room
Dining area
Kitchen
Enclosed sunroom with air conditioning
Three bedrooms
Full bathroom

Lower level:
Family room
Kitchenette
Bedroom
Full bathroom
Washer dryer area

MECHANICALS:
Gas forced air heat
Central air conditioning
72 gallon gas water heater
200 AMP electrical circuit
Two sump pumps

TITLE:
In fee simple; Sold free and clear of all liens. Montgomery County Deed Book KAB Liber 67440, folio 17.

TAXES:
Published annual real estate taxes are $9,976.53, based on a full value assessment of $575,000.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – A $50,000 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 within 24 hours at the Auctioneer’s office. Personal or business checks will be accepted for the increased deposit at the sale site. Otherwise, wiring instructions will be provided or a cashier’s check can be delivered to the Auctioneer’s office.

Online Auction Bidders – a $50,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction. Deposit Escrow Agreement

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 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, ground rent 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. 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. 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.