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A $5,000 or 10% deposit, 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 auction, at the Auctioneer’s office. 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. No Buyer’s Premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.
– Starting Bid: $35,000 –
Zoned RR – Rural Residential
7727 WILLS LANE
Near Allentown Road
Fort Washington, Prince George’s County, MD 20744
Online Bidding Opens
TUESDAY, APRIL 25, 2023
THURSDAY, APRIL 27, 2023
AT 11:15 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.
7727 Wills Lane is located in the Fort Washington area of Prince George’s County. The property is located a short distance off Allentown Road, a major area artery with access from Pennsylvania Avenue (MD-4), the Capital Beltway (I-495/I-95), Suitland Road and Branch Avenue (MD-5). Positioned just a short distance from National Harbor, Washington, D.C. and Joint Base Andrews, the area is saturated with large employers, restaurants, shopping, entertainment and religious facilities. The surrounding area is largely suburban, with neighborhoods of varying sizes, ages and architectural styles. Wills Lane is a smaller, dead-end street with lot sizes larger than many of the surrounding communities. The auction provides an opportunity to buy a well-sized home site in an exceedingly convenient location.
For more information about the area, please visit:
Prince George’s County, MD – www.princegeorgescountymd.gov
PGAtlas GIS Map – www.pgatlas.com
Lot size – 1 acre, more or less, according to public tax records
The lot is mostly clear and fairly level. Asphalt and gravel driveway from Wills Lane (partially grown over). The site was formerly improved by a small bungalow.
Public water is believed to be at the site. Public sewer may be available via the easement linked below. Septic would require an administrative category change, with previous perc tests stated to be successful. See linked drawings and documents for additional information.
RR – Rural Residential
According to the Prince George’s County Zoning summary, “The purposes of the Residential, Rural (RR) Zone are to provide for and encourage variation in the size, shape, and width of single-family detached residential subdivision lots, in order to better utilize their natural terrain; to facilitate the planning of single-family residential developments with moderately large lots and dwellings of various sizes and styles; to encourage the preservation of trees and open spaces; and to prevent soil erosion and stream valley flooding.” Minimum lot areas stated to be 20,000 square feet, or 0.459 acre, providing some potential for subdivision of the lot.
In fee simple; sold free and clear of all liens.
Current annual real estate taxes are $1,883.80 based on a full value tax assessment of $100,000.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 or 10% deposit, 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 auction, at the Auctioneer’s office. 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, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. 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. The Purchaser shall be required to use Calvert Title Company (90 Holiday Drive, Suite C, Solomons, MD 20688; 443.355.4663) to conduct the closing for the transaction.