"Temple Hills - Coolridge Acres"

Live Auction Bidders – A $30,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price by 11:00 A.M., Wednesday, July 17, 2024, at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – A $30,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:00 P.M. on the day of auction. No exceptions. 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 Sample Contract.

Bradley S. Farrar, Esquire
Shipley & Horne, P. A.
1101 Mercantile Lane, Suite 240
Largo, MD 20774

ESTATE AUCTION

Live Onsite & Simulcast Online Bidding
$200,000 Opening Bid

TEMPLE HILLS

Coolridge Acres

RANCH HOME
On .28± Acre

– Renovation Needed –

Sale On Premises
6620 NAPOLI ROAD
Near Allentown Road
Temple Hills, Maryland 20748

Online Bidding Opens
MONDAY, JULY 15, 2024

Live Onsite Auction
TUESDAY, JULY 16, 2024
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.

LOCATION:
6620 Napoli Road is located in the Camp Springs or Temple Hills area of Prince George’s County a short distance west of Joint Base Andrews. The property sits one-half mile west of Branch Avenue (MD-5) and less than 2 miles south of the Capital Beltway (I-495). The location is exceedingly convenient. In addition to Joint Base Andrews, the property is proximate to a large collection of major employers, including both governmental and private industry. Access to major commuter routes further enhances that access. Shopping, dining and entertainment are nearby. Old Branch Crossing is within one-half mile, which features restaurants, retail shopping and small markets. Multiple grocery stores are also within a short distance, including ALDI and Giant Food. According to the Prince George’s County Public Schools website, nearby schools are Avalon Elementary, Thurgood Marshall Middle and Surrattsville High.

For more information about the area, please visit:
https://www.princegeorgescountymd.gov/
https://www.pgatlas.com/

SITE:
Lot size – 0.286 acre, according to public tax records

Plat – Known as Lot 7, Block 1, in the subdivision known as “Lot 7, Block 1 & Lot 9, Block 2, Pyles’ Addition to Coolridge Acres” as found in Plat Book WWW 43, Plat Number 64 as recorded in the Land Records of Prince George’s County.

The lot is mostly level, fronting 99.69′ with depths of 125′. The lot features an asphalt driveway with access to a rear detached garage and parking for roughly 4-5 vehicles. Some mature trees and landscaping are on site.

All public utilities.

Zoned RR – Rural Residential

IMPROVEMENTS:
Ranch home – constructed in 1962, contains 1,740 square feet above grade and 1,740 square feet below. Features include brick facade, vinyl-clad replacement and casement windows, asphalt architectural shingle roof and detached garage. The home has been gutted, is framed and arranged as follows: living room, dining room, kitchen, 3 bedrooms and 2 baths, on the first floor; family room, office, bedroom, bath, laundry and utility areas, in the basement; mechanicals are arranged for gas forced air heat, CAC, gas water heater and 200 amp. electrical service. The home needs additional renovation for completion.

TITLE:
In fee simple; sold free and clear of all liens. Deed book NLP 4927, page 276.

TAXES:
Current annual real estate taxes are $5,341.23 based on a full value tax assessment of $332,667.

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

Live Auction Bidders – a $30,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price by 11:00 A.M., Wednesday, July 17, 2024, at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $30,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:00 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, 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, Prince George’s County violation notices, 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. 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 and all costs incidental to settlement to be paid by the Purchaser. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.

Sale by Order of the Estate of Charlie M. Walker,
By: Bradley S. Farrar, Personal Representative