"Lanham - Four Seasons Condominium"

Featuring Live & Online Simulcast Bidding
– $100,000 Opening Bid –

TWO STORY TOWNHOUSE
CONDOMINIUM UNIT
1,580± Sq. Ft. Unit – 3 Bedrooms – 2.5 Baths

Known As
8597 SEASONS WAY UNIT #41B
Off Cipriano Road
Lanham, Prince George’s County, MD 20706

Online Bidding Opens
FRIDAY, DECEMBER 3, 2021

Live Onsite Auction
MONDAY, DECEMBER 6, 2021
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.

LOCATION:
8597 Seasons Way Unit #41B, “the property,” is located in the Four Seasons Condominium (a/k/a Seasons Homeowners Association) in the Lanham area in northern Prince George’s County. The complex is situated less than one mile south of Greenbelt Road (MD-193), providing excellent access to the Baltimore Washington Parkway (MD-295, 2 miles), the Capital Beltway (I-495, 2.5 miles), Kenilworth Avenue (MD-201, 3 miles), Baltimore Avenue (US-1, 5 miles) and US-50 (3.7 miles). Major employers in the area abound, with a number of government agencies and contractors within close proximity. The NASA Goddard Space Flight Center is approximately 1 mile north, and the University of Maryland, College Park is approximately 5 miles west. An array of options for shopping, dining and area services are located along Greenbelt Road, and several of the other aforementioned routes. According to the Prince George’s County Public Schools website, nearby schools are Magnolia Elementary, Greenbelt Middle and Eleanor Roosevelt High.

For more information about the area, please visit:
Prince Georges County Government – www.princegeorgescountymd.gov
Prince Georges County Public Schools – www.pgcps.org

CONDOMINIUM/HOMEOWNERS COMMUNITY:
The Four Seasons Condominium (a/k/a Seasons Homeowners Association) comprises approximately 80 townhouse condominium units constructed in the 1960s. The community features a pool, playground, ball courts and common area maintenance. The condominium/HOA fee is $290/month. HOA Resale Documents

SITE:
Lot size – 2,556 square feet, more or less, according to public tax records. Plat

All public utilities

UNIT:
Two story townhouse condominium unit – constructed in 1967 and containing 1,580 square feet of living area, according to public tax records. Known as unit number 1B within “Four Seasons Condominium Spring Four” on the plat recorded in Plat Book WWW 81, page 54. It is currently rented for $1,150/month, to the same tenant for 30+ years. The tenant is believed to be in arrears.

INTERIOR:

First floor:

• Entry foyer – laminate
• Living room – carpet with patio access
• Dining room – laminate
• Kitchen – laminate
• Washer/dryer area – laminate
• Half Bathroom – tile

Second floor:

• Bedroom – carpet with deck access
• Bedroom – carpet
• Bedroom – carpet
• Bathroom – tile (en-suite)
• Bathroom – tile (hall)

Mechanical information:

• 40 gallon gas water heater
• Gas forced air heat
• Central air conditioning (gas)
• 100 AMP electrical service

No Basement

TITLE:
In fee simple; sold free and clear of liens. Deed reference book MEA 44445, page 353, et seq.

TAXES:
Published annual real estate taxes are $2,822.30, based on a full value assessment of $164,000.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $15,000 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 4:30 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. All adjustments, including taxes, condominium/homeowner association 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 settlement 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, subject to the existing lease of the tenant in place, and subject to the Declaration and By-Laws of the Four Seasons Condominium Association (a/k/a Seasons Homeowners Association). 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. The purchaser agrees to waive any right of rescission under Maryland Condominium and Homeowner Association Law, having reviewed the condominium/HOA resale package(s) prior to the auction and execution of the contract of sale. 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. Seller to provide a credit of $1,000 to purchaser for closing on or before December 31, 2021. A 5% buyer’s premium will be added to the final bid price.