"Southeast Washington - Fort Davis"

REAL ESTATE AUCTION

“Fort Davis”

SEMI-DETACHED HOME

Sale on Premises
1506 FORT DAVIS PLACE S.E.
Off Q Street S.E., Near Alabama Avenue S.E.
Washington, D.C. 20020

THURSDAY, DECEMBER 13, 2018
AT 1:15 P.M.

– Suggested Opening Bid: $125,000 –

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:
1506 Fort Davis Place SE is located in the Fort Davis Neighborhood in Southeast Washington, DC, a short distance west of the Maryland line. Sometimes referred to more broadly as Fort Dupont Park, the neighborhood borders both Fort Davis and Fort Dupont Parks. The parks provide an extensive amount of green space, historic sites and recreational opportunities. Fort Dupont Park features athletic fields, basketball courts, indoor ice rink and a summer concert series with live music, movies and other performances. Fort Davis Park has walking trails and other facilities. The Fort Davis Recreation Center is located a very short distance east of the home, and has ball fields, playground, tennis court, basketball court and a community center. Shopping and dining are available along Southern Avenue SE and Pennsylvania Avenue SE. The Naylor Road Metro Station is approximately 1.5 miles south. Bus service is nearby along Alabama and Southern Avenues SE.

For more information about the area, please visit:
https://washington.org/
https://dc.gov/

SITE:
Lot size – 22.83′ x 102′, or 2,329 square feet, more or less

Reserved off-street parking

All public utilities

IMPROVEMENTS:
Two story semi-detached home – constructed in 1943, containing 1,088 square feet of living area and 544 square feet of basement space at grade in the rear. The home features an enclosed front porch, slate roof fascia and wood floors.

Exterior
All brick exterior
Flat built-up roof with slate roof fascia and asphalt shingle porch roof
Enclosed porch with louvered windows
Vinyl-clad windows
Aluminum down spouts and rain gutters

Interior

First floor:

• Living room – hard wood
• Dining room – hard wood
• Kitchen – ceramic tie

Second floor:

• Bedroom – hardwood
• Bedroom – hardwood
• Bedroom – hardwood
• Full bathroom – tile

Basement/mechanical:

• Partially finished
• Clubroom
• Half bathroom
• 40 Gallon water heater
• Gas heater

TAXES:
Published annual real estate taxes are $2,186.80 based on a full value tax assessment of $257,270. 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.

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 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, 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