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REAL ESTATE AUCTION
END-OF-GROUP
PORCHFRONT TOWNHOME
Sale on Premises
1213 CONGRESS STREET S.E.
Off 13TH Street SE
Washington, D.C. 20032
FRIDAY, JANUARY 24, 2020
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.
LOCATION:
1213 Congress Street SE is located in the Congress Heights neighborhood in Southeast Washington, DC. Originally developed in the late 1800s, Congress Heights is home to an array of history and culture in Washington, including the new Entertainment and Sports Arena, Gateway DC and the Congress Heights Arts & Culture Center. The Congress Heights Metro Station (Green Line) is approximately one-quarter mile north of the property. Groceries, dining, retail business and neighborhood services are located in close proximity, many of which are along Alabama Avenue SE, about two blocks north of the property. According to the DCPS boundary tool, nearby in-boundary schools are Malcolm X Elementary, Johnson Middle and Ballou High.
For more information about the area, please visit:
https://washington.org/
https://dc.gov/
https://enrolldcps.dc.gov//
SITE:
Lot size – 28.33′ x 130′, or 3,683 square feet, more or less
Off-street parking
All public utilities
IMPROVEMENTS:
Two story brick end-of-group covered porchfront townhome – constructed in 1940, containing 1,008 square feet of living area and 504 square feet of basement space.
EXTERIOR:
INTERIOR:
First floor:
Second floor:
Basement/mechanical:
TAXES:
Published annual real estate taxes are $1,731 based on a full value tax assessment of $213,260.
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 DC Office of Tax & Revenue concerning the appeals process, and may see the following link for helpful information:
https://otr.cfo.dc.gov/page/real-property-assessment-appeals
TITLE:
The parcel is in fee simple; sold free and clear of liens.
SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
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 by 12:30 P.M., Monday, January 27, 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, 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 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.
No Buyer’s Premium
