Holloway & Sullivan, LLC
7 St. Paul Street, Suite 625, Baltimore, MD 21202
To the Highest Bidder over $35,000
One Bedroom ◆ One Bath ◆ Balcony
7979 RIGGS ROAD
Prince George’s County, MD 20783
Online Bidding Opens
FRIDAY, MARCH 25, 2022
Online Bidding Closes
TUESDAY, MARCH 29, 2022
AT 11:00 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.
7979 Riggs Road is located in the Marylander Condominium complex in the Hyattsville/Adelphi Park area of Prince George’s County. Adelphi Park is a Washington, DC suburb, in close proximity of The University of Maryland College Park Campus, Maryland’s flagship university. The condominium complex is located one mile from New Hampshire Avenue, a major north/south route that leads to I-495 (2.5 miles) and I-95 (4.5 miles). The property is also located within one-half mile of University Boulevard, an east/west route that features dining, retail and entertainment options. The Prince George’s Plaza Metro station is approximately 2.5 miles to the south, and the College Park Metro station is 3.5 miles to the east. Major employers in the area include The University of Maryland, the shops at Prince George’s Plaza Mall and The National Archives and Records Administration College Park.
For more information about the area, please visit:
Prince George’s County, MD – www.princegeorgescountymd.gov
Prince George’s County Public Schools – www.pgcps.org
Known as both the Marylander Condominium and Bedford Towne Condominium, amenities include an inground swimming pool, ample parking and on-site management. Monthly condominium fee of $389.53 includes all utilities, forced air heat and air conditioning, common area maintenance, trash removal, water and exterior insurance. A laundry room is located in the building. Condominium Resale Package.
The unit is located on the top floor of a three story brick garden apartment building, constructed in 1968. According to public tax records, the unit contains 788 square feet of living area, comprising a living room with balcony, dining room, eat-in kitchen with gas range/oven, refrigerator, dishwasher, wood cabinets and laminate counters, bedroom with double closets, bathroom and linen closet. Floors are carpeting and vinyl. Cosmetic repairs are needed. Furniture will not be removed.
The unit is in fee simple and sold free and clear of liens. Prince George’s County Deed Book REP 18146, Page 584.
Published annual real estate taxes are $959, based on a full value assessment of $58,000.
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 – dat.maryland.gov
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
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 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, condominium fees, 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, including those stated in the Declarations and Bylaws of the Marylander Condominium and/or Bedford Towne Condominium. 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 and agrees to waive the right of rescission under Maryland Condominium Law, having reviewed the Condominium Resale Package in advance of the auction. 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.
Terry K. Sullivan, Personal Representative of the Estate of Beyene Hagos