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A $3,500 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. 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: $20,000
– Zoned RSF-95 –
8606 OLD BRANCH AVENUE
Clinton, Prince George’s County, MD 20735
Online Bidding Opens
TUESDAY, OCTOBER 25, 2022
THURSDAY, OCTOBER 27, 2022 AT 12:00 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.
8606 Old Branch Avenue is located in the Clinton area in Prince George’s County. The property is situated just off Old Branch Avenue, and approximately one mile from Branch Avenue (MD-5), the primary thoroughfare in the area. An array of shopping, dining, and neighborhood services are close by, including two grocery stores (Safeway and Shoppers), Lowe’s Home Improvement, and Walmart. Capital Beltway (I-495) is about 3.7 miles north, providing access to Alexandria (12 miles), Washington, D.C. (15 miles), and Arlington (20 miles). Joint Base Andrews and National Harbor are also in close proximity. Major employers in the area are MGM Resorts and MedStar Southern Maryland Hospital. According to the Prince George’s County school finder, nearby schools are believed to be James Ryder Randall Elementary, Stephen Decatur Middle and Surrattsville High.
Lot – 0.66 acre, more or less, according to public tax records.
RSF-95, Residential Single Family
The zoning provides for primarily single-family detached communities. Minimum lot size for single-family dwelling is 9,500 sq.ft. Maximum dwelling units per net acre are 4.58.
For more information, please visit Prince George’s County Zoning – zoningpgc.pgplanning.com.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $1,195.24 based on a full value tax assessment of $79,900.
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 $3,500 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 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 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.
No buyer’s premium.