REAL ESTATE AUCTION
Opening Bid: $100,000
– On 0.28± Acre –
Sale On Premises
1605 BIRCHWOOD DRIVE
Oxon Hill, Prince George’s County, MD 20745
THURSDAY, OCTOBER 15, 2020
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.
1605 Birchwood Drive is located in the Birchwood City subdivision in the Oxon Hill area of Prince George’s County. The Birchwood City neighborhood features excellent proximity to the Capital Beltway (I-495), the Anacostia Freeway (I-295) and several major area commercial thoroughfares. National Harbor is approximately 5 miles southwest. Several shopping and entertainment facilities are also within a short distance. According to PGCPS.org, nearby schools are Valley View Elementary, Oxon Hill Middle and Potomac High.
For more information about the area, please visit:
Prince George’s County Government – www.princegeorgescountymd.gov
Prince George’s County Schools – www.pgcps.org
PGAtlas – www.pgatlas.com
SDAT Real Property Search – sdat.dat.maryland.gov
Lot – 0.281 acre, more or less, according to public tax records
Known as Lot 36, Block S, in “Birchwood City” recorded at plat book WWW 33 plat 17
Carport and concrete driveway (1-2 vehicles)
Brick and siding ranch home – constructed in 1958, containing 888 square feet of living area and 888 square feet of basement space.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $3,721.49 based on a full value tax assessment of $223,667.
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.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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 simulcast bidding, the full 10% deposit is due by 4:30 p.m. on the day of sale by wire transfer or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209. 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.
No Buyer’s Premium!