"Greenbelt - Hunting Ridge Condominium"

A $10,000 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 the 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.

$60,000 Opening Bid

GREENBELT
“Hunting Ridge Condominium”

GROUND LEVEL
CONDOMINIUM UNIT
1 Bedroom, 1 Bathroom & Den

Known As:
6966 HANOVER PARKWAY
UNIT 101
Near Good Luck Road
Prince George’s County, Maryland 20770

BIDDING OPENS:
MONDAY, OCTOBER 21, 2024

BIDDING CLOSES:
WEDNESDAY, OCTOBER 23, 2024 AT 1:00 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:
6966 Hanover Parkway, Unit 101, is located in the Greenbelt community of Prince Georges County, conveniently located between Baltimore, Washington, D.C. and Annapolis. The City of Greenbelt was originally built as a planned community, remarked for its walkways, underpasses, system of inner courtyards and one of the first mall-type shopping centers in the United States. Today, the city has expanded by adding new shopping centers, high rise office buildings, townhouses and garden apartments and is the meeting point of the Baltimore-Washington Parkway, the Capital Beltway and Kenilworth Avenue, making it a center of major residential and commercial development within Prince George’s County. The Greenway Center, a shopping center with a grocery store, restaurants, retail shops and other businesses, sits about one half mile north of the home. Greenbelt Park, which features walking trails, picnic areas and a campground, is less than two miles west of the property. Major employers in the area include the University of Maryland College Park, the Goddard Space Flight Center of NASA and the Department of Agriculture Research Center.

For more information, please see:
Greenbelt, MD – www.greenbeltmd.gov
Goddard Visitor Center – www.nasa.gov
Greenbelt History – www.greenbeltmuseum.org

IMPROVEMENTS:
Ground level condominium unit, constructed in 1974, comprising 901 square feet of living area, according to public tax records. The unit is vacant and features a living room, den, kitchen, bedroom, bathroom and ample closet space. Mechanicals for the unit include electric heat pump and central air conditioning, 100 amp electrical circuit and an electric water heater.

Condo Unit Plat

CONDOMINIUM FEES:
The unit is part of the Hunting Ridge Condominium Association. Included in the condominium fees are common area maintenance, exterior building maintenance, trash removal, snow removal, parking and more. A community center, pool and tennis courts are available for resident use and included within the condominium fees.

Condo fees are $543 per month.

Condominium Resale Package

TITLE:
In fee simple; Sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $3,027.28, based on a full value assessment of $145,000.

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 $10,000 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 the 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, 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 Hunting Ridge Condominium Association. 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 any right of rescission under the Maryland Condominium Act, having reviewed all applicable documents prior to bidding on the property. 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 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.