"Bowie"

$30,000 Opening Bid

BOWIE

RESIDENTIAL
DEVELOPMENT LOT

Known As:
8815 MAPLE AVENUE
Off Old Laurel Bowie Road
Prince George’s County, Maryland, 20720

BIDDING OPENS:
TUESDAY, JANUARY 28, 2025

BIDDING CLOSES:
THURSDAY, JANUARY 30, 2025
AT 11:30 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.

LOCATION:
8815 Maple Avenue is located in the Bowie area of Prince George’s County. The neighborhood is sometimes referred to as Old Bowie or Huntington, a reference to the original town and subdivision surrounding a nearby railroad junction. More recently, Bowie has become a well demanded location for residents and businesses alike. Relatively equidistant from Washington, D.C., Baltimore and Annapolis, the location is exceedingly convenient for those traveling throughout the central Maryland area.

The home site is a short distance from Bowie State University, in addition to a number of other major employers. A number of parks and recreation facilities are nearby, including the Patuxent Research Refuge, Sandy Hill Community Park, Huntington North Recreation Area and a collection of trails around Cash Lake. According to the Prince George’s County School Finder, nearby schools are Rockledge Elementary, Samuel Ogle Middle and Bowie High.

For more information about the area, please visit:
Prince George’s County, MD – www.princegeorgescountymd.gov
School Finder – gis.pgcps.org

SITE:
Level and clear lot comprised of 0.115 Acre±

8815 Maple Avenue comprises both lots 7 & 8

Public water and sewer hook up are believed to be available

Zoning RSF – 65

According to the Prince George’s County Zoning Guide, “The purposes of the Residential, Single-Family-65 (RSF-65) 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 the natural terrain; to facilitate the planning of higher density single-family residential developments with small 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.”

TITLE:
In fee simple; and sold free and clear of liens. Prince George’s County Deed Book SJH Liber 41490, folio 557.

TAXES:
Published annual real estate taxes are $2,345.51 based on a real value assessment of $70,200.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 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 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. 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. 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 6% buyer’s premium will be added to the final bid price.