"Edmonston - Mealos Oaks"

REAL ESTATE AUCTION

“Mealos Oaks”

RAMBLER
– On 0.13± Acre –

Sale On Premises
5000 CRITTENDEN STREET
Off 51st Avenue, Near Decatur Street
Hyattsville, Prince George’s County, MD 20781

THURSDAY, MARCH 30, 2017
AT 2:00 P.M.

– Suggested Opening Bid: $125,000 –

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:
5000 Crittenden Street is located in the Mealos Oaks subdivision in the Edmonston area of Prince George’s County. The home adjoins the Crittenden Street neighborhood park. The Anacostia River Park and Anacostia Tributary Trail System are also a very short distance away. Hyattsville town center is approximately 1 mile to the northwest, which features a number of well-known restaurants, stores and an organic market. The nearby Gateway Arts District extends from Hyattsville down to Mt. Rainier, with galleries, public art installations, theaters, restaurants and more. The Riverdale MARC Train Station is just 1.5 miles north, and the Hyattsville Metro Station is about 2.5 miles west. .According to pgcps.org, area schools are Rogers Heights Elementary, William Wirt Middle and Bladensburg High.

For more information about the area, please visit:
http://www.princegeorgescountymd.gov
http://mygatewayarts.org/
and
http://www.pgcps.org/

SITE:
Lot – 5,781 square feet, or 0.13 acre, more or less

The lot fronts 50.06′ on Crittenden Street, with depths of 115′ and 117.31′, and a rear lot line of 49.54′

Gravel driveway

Partially fenced yard

Front and rear decks

All public utilities

IMPROVEMENTS:
Bungalow – constructed in 1942 and containing 1,026 square feet of living area, according to public tax records. The home features new siding, new windows, new doors, an open floor plan and is currently arranged for 6 rooms (3 bedrooms) and 2 baths. Needs interior updating and cosmetic repairs.

TITLE:
In fee simple; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $3,331.57 based on a full value assessment of $161,100. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A $10,000 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. 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, 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 agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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!