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REAL ESTATE AUCTION
Sale on Premises
2624 TABIONA CIRCLE
Corner Tabiona Drive
Montgomery County, MD 20906
WEDNESDAY, JULY 25, 2018
AT 12:30 P.M.
– Suggested Opening Bid: $150,000 –
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.
2624 Tabiona Circle is located in the Longmead subdivision in the Silver Spring area of Montgomery County. The subdivision is part of the Longmead Crossing Homeowner’s Association, which comprises a collection of approximately 1,988 single family homes, townhouses and condominiums. The neighborhood sits immediately north of the Argyle Country Club and east of Leisure World. Ample neighborhood services, including grocery stores and restaurants, are along nearby Bel Pre Road and Georgia Avenue. The Glenmont Metro Station is approximately 4 miles to the south. Intercounty Connector (MD-200) exit 10 is a little more than 1 mile southeast of the property.
The Longmead Crossing community features two pools, a clubhouse, tennis courts, playgrounds, recreational fields and a path system between the facilities for jogging, walking and biking. Longmead Crossing fees are $65.40/month. HOA documents
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Lot size – 29′ x 70′, or 2,030 square feet, more or less
Reserved off-street parking
All public utilities
Two story end-of-group townhome – the home was constructed in 1984, contains 1,232 square feet of living area and 616 square feet of partially finished basement space, according to public tax records.
Asphalt shingle roof
Aluminum down spouts and rain gutters
The interior is believed to be arranged for 6 rooms (3 bedrooms), 2 full baths, 2 half baths and basement.
Published annual real estate taxes are $3,190.16 including solid waste and water charges, based on a full value tax assessment of $267,100. 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:
The parcel is in fee simple; sold free and clear of liens.
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. 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, 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 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 their right of rescission under the Maryland Homeowners Association (HOA) Act, having sufficient time to review the HOA resale package. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. Time is of the essence. A 6% buyer’s premium will be added to the final bid price.