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 $5,000 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. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page or see the Sample Contract.
Opening Bid: $25,000
2 BEDROOM APARTMENT
6011 EMERSON STREET
Bladensburg, Prince George’s County, MD 20710
TUESDAY, JANUARY 10, 2023
THURSDAY, JANUARY 12, 2023 AT 2:00 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.
6011 Emerson Street Unit #703, is located in the Parkway Condominiums building in the Bladensburg area of Prince George’s County. Bladensburg is a residential suburb of Washington D.C., northeast of the city near the Anacostia River. The town was originally called Garrison’s Landing, and was later named Bladensburg in honor of Thomas Bladen, governor of Maryland from 1742-1747. The property is within close proximity to major routes such as the Baltimore-Washington Pkwy (0.5 mile) for north/south travel, MD-202 (1.2 miles) for east/west travel, and I-495 (5.5 miles), making it a very convenient location for commuters. Shopping and dining options are available for residents at the Capital Plaza (1.5 miles) along Annapolis Road. According to the Prince George’s County Public Schools website, nearby schools are Port Towns Elementary, William Wirt Middle, and Bladensburg High.
The Parkway Condominiums, previously known as Country Club Towers Condominiums, is a condominium building constructed in 1966 which comprises 100 units, each containing between 748 and 1,070 square feet. The monthly condominium fee is believed to be $455 and includes air conditioning, common area maintenance, electricity, heat, lawn care, parking fee, road maintenance, sewer, snow removal, and water. Amenities include a bike trail, cable, community center, fencing, jog/walk path, and laundry facilities. Condominium Resale Package.
Top floor apartment unit containing 894 square feet, according to public records.
The unit is sold free and clear of liens. Prince George’s County Deed Book MEA 41852, Folio 7.
Published annual real estate taxes are $1,242.47 based on a full value tax assessment of $55,000.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 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. 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, 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 Parkway Condominium Association, Inc. 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. No Buyer’s Premium.