ONLINE REAL ESTATE AUCTION
– On 0.17 Acre, More or Less –
8318 BOCK ROAD
Near Tucker Road
Prince George’s County, MD 20744
FRIDAY, NOVEMBER 20, 2020
TUESDAY, NOVEMBER 24, 2020 AT 1:00 P.M.
– Starting Bid: $65,000 –
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.
8318 Bock Road is located in the Bock Manor neighborhood in southern Prince George’s County. Surrounding neighborhoods include Apple Grove and Bird Lawn. Sitting just off of main Bock Road, the home features convenient access to Indian Head Highway and I-495. Within close proximity of the home are grocery stores, restaurants and retail shops for residents to enjoy. Major employers in the area include the shops at National Harbor and the Tanger Outlets at National Harbor. According to the Prince George’s County school finder, nearby schools include Apple Grove Elementary School, Isaac J Gourdine Middle School and Friendly High School.
Lot – 0.173 acre, more or less
Zoned RR, residential rural
All public utilities
One story home – according to public tax records, the house was constructed in 1900 and contains 762 square feet of living area with no basement. The home is believed to contain living room, kitchen, two bedrooms and a bathroom.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $2,460.37, based on a full value assessment of $138,800. According to Prince George’s County Tax Inquiry other additional charges may include park & planning fees, storm water fees, transit fees, town levy fees and other municipal charges.
SUMMARY TERMS OF SALE
Please see the contract of sale for complete terms.
A $7,500 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Tuesday, November 24 at 4:30 P.M. 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. 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. A 5% Buyer’s Premium will be added to the final bid price.