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ONLINE REAL ESTATE AUCTION
0.12 ACRE ±
– Redevelopment Potential –
4410 DOUGLAS STREET NE
TAX ID: 5116/0122
Next to 4412 Douglas Street NE
Washington, D.C. 20019
Online Bidding Opens
TUESDAY, MAY 10, 2022
Online Bidding Closes
THURSDAY, MAY 12, 2022
AT 1:00 P.M.
– Starting Bid: $35,000 –
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
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
Metro – www.wmata.com
Kenilworth Park & Aquatic Gardens – www.nps.gov
Lot size – 5,388 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 0122, square 5116
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
The property is in fee simple and sold free and clear of liens.
Annual real estate taxes are estimated to be $226.02, based on a full value assessment of $53,180.
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, 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. 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!