"Upper Marlboro - Hollaway Estates"

REAL ESTATE AUCTION

“Hollaway Estates”

SPLIT-FOYER HOME
On 0.23± Acre

Sale on Premises:
9900 DALE DRIVE
Corner Hollaway Drive
Prince George’s County, MD 20772

WEDNESDAY, OCTOBER 25, 2017
AT 11:00 A.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:
9900 Dale Drive is located in the Hollaway Estates subdivision in Upper Marlboro in central Prince George’s County. Hollaway Estates is situated between Frank Tippett Road and Rosaryville Road, just west of US-301 (Crain Highway). The property is within 9 miles of I-495 (the Capital Beltway), 13 miles of Washington, D.C. and a short distance from Joint Base Andrews. Properties within the subdivision are comprised of single family homes with a variety of styles and sizes, most of which were constructed between the 1960’s and early 2000’s. According to pgcps.org, nearby schools are Rosaryville Elementary, James Madison Middle and Frederick Douglass High.

For more information about the area, please visit:
https://www.princegeorgescountymd.gov/
http://www.pgcps.org/
http://www.pgatlas.com/

SITE:
Lot size – 10,039 square feet, or 0.23 acre, more or less

The lot is mostly level, with mature trees and landscaping. The lot fronts approximately 105′ along Dale Drive, and 61′ along Hollaway Drive.

Garage

Concrete driveway for 2-3 vehicles

IMPROVEMENTS:
Brick split-foyer home – the home was constructed 1968 and contains 1,462 square feet of living area, according to public tax records. The home contains: a living room, dining room, kitchen, master bedroom with en-suite bath, two additional bedrooms and full hall bath, on the upper level; family room with fireplace, three additional rooms and half-bath on the lower level.

TAXES:
Published annual real estate taxes are $4,629.93, based on a full value tax assessment of $284,800. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

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. 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. The Purchaser agrees to waive their right of inspection for lead paint, as provided under current Federal and State law. 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!