"Suitland - Bradbury Park"

REAL ESTATE AUCTION

CAPE COD
– On 0.35± Acre –

Known As
2411 SHADYSIDE AVENUE
Near Davis Avenue
Prince George’s County, MD 20746

BIDDING OPEN:
MONDAY, APRIL 27, 2020

BIDDING CLOSE:
THURSDAY, APRIL 30, 2020
AT 12:00 P.M.

– Suggested Opening Bid: $75,000 –

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:
2411 Shadyside Avenue is located in the Bradbury Park subdivision in Prince George’s County. The property sits about 1 mile southeast of Washington, D.C. Pennsylvania Avenue (MD-4, one-half mile), Suitland Parkway (1.3 miles) and the Capital Beltway (I-495, 4 miles) are all nearby. The Suitland Metro station (green line) is about 1.5 miles south. Retail shopping and dining options are nearby along Shadyside Avenue and Suitland Road. According to the Prince George’s County school finder, nearby schools are Suitland Elementary, Drew-Freeman Middle and Suitland 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

SITE:
Lot size: 15,072 square feet, or 0.346 acre, according to public tax records

Driveway

All public utilities

Zoned R-55 Residential – Please see Prince George’s County Zoning Code for permissible uses.

IMPROVEMENTS:
Raised cape cod home – constructed in 1934, containing 960 square feet above grade and 576 square feet on the lower level (at grade in front). Believed to be arranged for 7 rooms (4 bedrooms) and 1.5 baths. The home needs full renovation.

TAXES:
Published annual real estate taxes are $2,644.63, based on a full value assessment of $151,200.

TITLE:
In fee simple; sold free and clear of liens.

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $7,500 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Thursday, April 30, 2020 at 12:00 P.M. (the bid closing). 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, ground rent, 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. Purchaser waives the right of inspection for lead paint, as provided under current Federal and State law. 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. 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.