Featuring Live & Online Simulcast Bidding
– $200,000 Opening Bid –
– On 0.237± Acre –
3715 IDOLSTONE LANE
Bowie, Prince George’s County, Maryland 20715
Online Bidding Opens
MONDAY, APRIL 11, 2022
Live Onsite Auction
WEDNESDAY, APRIL 13, 2022
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.
3715 Idolstone Lane is located in the Idlewild at Belair subdivision in the Bowie area of Prince George’s County. Idlewild at Belair comprises approximately 220 homes originally developed in the mid 1960s. The neighborhood runs off Race Track Road a short distance north of Annapolis Road (MD-450). Home styles are predominantly ranch homes and bungalows, most of which have been updated or expanded since their original construction.
The location is convenient to both shopping and dining, with restaurants, a grocery store, gym and pharmacy within one-half mile. A number of major employment centers are easily accessible, with both Washington, D.C. and Annapolis within about 16 miles, and Baltimore about 20 miles north. A number of major corporations and government offices are located in Prince George’s County, and Bowie State University is within 3.5 miles. According to the Prince George’s County Public Schools website, nearby schools are Yorktown Elementary, Samuel Ogle Middle and Bowie High.
For more information about the area, please visit:
City of Bowie, MD – www.cityofbowie.org
Prince George’s County Government – www.princegeorgescountymd.gov
Prince George’s County Schools – www.pgcps.org
Lot size – 0.237 acre, more or less, according to public tax records. Plat
Mature trees and landscaping
Public water and sewer are believed to be in the property
Zoned R-80, residential
One and one-half story bungalow with attached garage – constructed in 1966 and containing 1,872 square feet of living area above grade. The home is arranged for 4 bedrooms (2 on primary level and 2 on second floor) with 2 bathrooms. The home features living room, family room, eat-in kitchen, mudroom and laundry area. The home has a three season room off of the family room that leads to the yard.
The home requires full renovation.
In fee simple; and sold free and clear of liens.
Published annual real estate taxes are $5,550.41, including both Prince George’s County and the City of Bowie, based on a full value assessment of $328,333.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $25,000 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 within 24 hours, at the Auctioneer’s office.
Online Auction Bidders – a 10% deposit, 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, 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 5% buyer’s premium will be added to the final bid price.