ONLINE REAL ESTATE AUCTION
To the Highest Bidder Over $50,000
“Poplar Hill Estates”
– Zoned: R-E – Residential Estate –
3,750± Sq. Ft. ✦ 2 Bay Doors
8435 POPLAR HILL DRIVE
Prince George’s County 20735
Tax ID: 0909705
FRIDAY, JUNE 5, 2020 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.
8435 Poplar Hill Drive is located in the Clinton area of Prince George’s County. The property is a little less than 2 miles from Branch Avenue (MD-5), the primary thoroughfare in the area. Southern Maryland Hospital is also a little less than 2 miles away. Joint Base Andrews and the Capital Beltway (I-495) are each approximately 7 miles to the north. Groceries, shopping and dining are available along Branch Avenue. According to the Prince George’s County school finder, nearby schools are believed to be Waldon Woods Elementary, Stephen Decatur Middle and Surrattsville High.
For more information about the area, please visit:
Prince George’s County Government – www.princegeorgescountymd.gov
Prince George’s County Schools – www.pgcps.org
PGAtlas – www.pgatlas.com
SDAT Real Property Search – sdat.dat.maryland.gov
Lot size – 5.12 acres, more or less, according to public tax records. 5.402 acres according to deed and plat records.
Well and septic are believed to be required. The property is located in W-5 (public water) and S-5 (public sewer) future community system zones. GIS Map with Water/Sewer Overlay
R-E – Residential Estate
For more information, please visit Prince George’s County Zoning.
Warehouse with two bay (roll-up) doors and mezzanine. Measures approximately 75′ x 50′, comprising approximately 3,750 square feet. The warehouse is not vehicle accessible via Poplar Hill Drive, and there is no vehicle access permitted by easement from Beechwood Lane. For those visiting the property, please do not park on any private driveways, and please do not try to access the warehouse via the adjoining Beechwood Lane property. Please respect any no trespassing signs that you may see.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $1,668.10, based on a full value assessment of $111,200. 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.
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 cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by 12:00 P.M. on Monday, June 8. 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. A 5% buyer’s premium will be added to the final bid price.