"Aquasco - Prince George’s County"

A $15,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by 4 P.M. on the day of auction. 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.

$100,000 Opening Bid

AQUASCO
Prince George’s County

10.5 ± ACRE RESIDENTIAL
DEVELOPMENT SITE
– Subdivision Potential-

Known As:
20709 AQUASCO ROAD
Near Aquasco Farm Road
Prince George’s County, Maryland, 20608

BIDDING OPENS:
TUESDAY, DECEMBER 10, 2024

BIDDING CLOSES:
THURSDAY, DECEMBER 12, 2024
AT 11:00 A.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:
20709 Aquasco Road is located in the Aquasco area of southern Prince George’s County. Nearby towns include Waldorf, Prince Frederick, La Plata and Leonardtown. Major neighborhoods in the Aquasco area include Eagle Harbor and Cedarhaven. The rural area consists primarily of farmland and large wooded tracts. Surrounding properties include detached homes on large plots of land. Retail, restaurants, community and religious facilities are located on Aquasco Road. Area schools are believed to be Baden Elementary School, Gwynn Park Middle School and Gwynn Park High School.

For more information about the area, please visit:
Prince George’s County, Maryland – www.princegeorgescountymd.gov
School Finder – gis.pgcps.org

SITE:
Lot – 10.5 acres, more or less

Serviced by well and septic

Previous home has been razed

ZONING:
Zoning AG – Agricultural
According to the Prince George’s County Zoning Ordinance Code, the rural and agricultural zones are intended to: support and provide lands for agricultural, forestry, agri-business, agritourism, agricultural support, and related uses important to the County’s economy and the character of the County’s Rural and Agricultural zones; preserve and protect the County’s important natural resources, environmentally sensitive lands, and ecological heritage lands, while providing for their use and enjoyment.

More information can be found here:
Document Viewer – online.encodeplus.com

IMPROVEMENTS:
Bungalow, according to public tax records, was constructed in 1940 and contains 2,384 square feet of living area with no basement. The home is vacant and requires extensive rehabilitation or demolition.

TITLE:
In fee simple. Sold free and clear of all liens. Prince George’s County Deed Liber MLA 49949, folio 402.

TAXES:
Published annual real estate taxes are $3,022.42, based on a full value assessment of $207,300.

The property is subject to a one time agricultural transfer tax. If the property is not intended to be used for agriculture, the purchaser must inform the MD Department of Assessments so the property assessment and transfer tax can be adjusted at the time of closing.

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: Assessment Appeal Process – dat.maryland.gov

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $15,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by 4 P.M. on the day of auction. 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 agrees to waive any right of rescission under the State of Maryland well yield requirements. 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. 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, including agricultural transfer tax, if applicable, and all costs incidental to settlement to be paid by Purchaser except where otherwise required by local, State or Federal law. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.