"Lily Ponds - Northeast Washington, D.C."

Featuring Live & Simulcast Online Bidding
$175,000 Opening Bid

DETACHED HOME
– Needing Full Renovation –

Sale On Premises
4412 DOUGLAS STREET NE
Near Kenilworth Park
Washington, D.C. 20019

Online Bidding Opens
FRIDAY, APRIL 23, 2021

Live Onsite Auction Begins
WEDNESDAY, APRIL 28, 2021
AT 12:00 NOON

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. Online bidding is available from Friday, April 23 and will continue through the live auction. You can choose to bid online and/or attend the live auction.

LOCATION:
4412 Douglas Street NE is located in the Lily Ponds subdivision in Northeast Washington, D.C. The surrounding area is often referred to as Kenilworth, and other surrounding neighborhoods include Eastland Gardens, Deanwood and Cheverly, Maryland. The property is located one block east of Kenilworth Park & Aquatic Gardens, which features an array of recreational, academic and entertainment facilities, in addition to fantastic trails and views. The Deanwood Metro Station (Orange Line) is less than one mile by car, and approximately one-half mile via walking paths between the property and station (via walking bridge over Kenilworth Avenue). Restaurants, dining and major employers are located throughout the surrounding area. According to the DCPS school search function, nearby schools are Thomas Elementary, Kelly Miller Middle and Woodson High. Surrounding properties are comprised of single-family homes, garden apartments and a couple of houses of worship.

For more information about the area, please visit:
DC Neighborhoods – washington.org
District of Columbia Public Schools – dcps.dc.gov
Washington Metropolitan Area Transit Authority – www.wmata.com
Kenilworth Park & Aquatic Gardens – www.nps.gov

SITE:
Lot size – 5,350 square feet, or 0.12 acre, more or less

The lot fronts 25′ on Douglas Street, with depths of approximately 214′, and a rear lot line of a little over 25′ on a wide, concrete paved rear alley

Lot number 0123, square 5116

Off-street parking potential. The asphalt driveway and parking area located next to the property (northwest) is located on an adjoining lot, which may be available by negotiation following the auction.

ZONING:
R-1-B – Residential

According to Washington DC Zoning Handbook: “The purposes of the R-1-B zone are to: Protect quiet residential areas now developed with detached dwellings and adjoining vacant areas likely to be developed for those purposes; and Stabilize the residential areas and promote a suitable environment for family life. The R-1-B zone is intended to provide areas predominantly developed with detached houses on moderately sized lots.”

For more information about zoning, please visit:
DC Office of Zoning – dcoz.dc.gov

Zoning Map

IMPROVEMENTS:
Two story detached traditional home – constructed in 1911, containing 1,610 square feet of living area and 805 square feet of basement space, according to public tax records. The home is arranged for 6 rooms (3 bedrooms), bath and basement, and is in need of full renovation.

Development Plans – have been submitted for permits but not yet approved.

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Annual real estate taxes are estimated to be $2,757.16, based on a full value assessment of $324,370.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $20,000 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. If the high bidder is an online purchaser, 10% of purchase price is due by wire transfer or cashier’s check at the Auctioneer’s office, by 4:30 p.m. on the day of the auction. 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 of12% 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. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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.

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