Absolute Auction Above $35,000 "Lanham - Glenarden Woods" Aluminum Sided Rancher

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Listing Details

Sold Price
$92,000
Auction Date
Auction Time
12:00 PM
Address
7803 Johnson Avenue, Lanham, MD, 20706
County
Prince George's County
Neighborhood
Lanham, Glenarden Woods
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

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ABSOLUTE AUCTION
To The Highest Bidder Above $35,000!
                 
LANHAM
"Glenarden Woods"

ALUMINUM SIDED RANCHER
- In Need of Renovation -

 

Sale On Premises
7803 JOHNSON AVENUE
Off Glenarden Parkway,
North of Martin Luther King Jr. Hwy.
Prince George's County, MD 20706

THURSDAY, MARCH 6, 2014
AT 12:00 NOON


        NOTE:  The information contained herein has been obtained from sources deemed reliable and believed to be accurate.  However, no express or implied warranty is made as to the accuracy of these representations.  All dimensions contained herein are more or less. 


GENERAL INFORMATION


LOCATION:

Nice well maintained neighborhood in the Glenarden Woods subdivision in north central Prince George's County. The neighborhood is just several blocks from I-95/I-495 and  I-50 and 2.8 miles north of FedEx Field.  Within minutes of the New Carrollton Marc Train and Metro subway stops.   Abundant shopping and restaurants are nearby.   Public schools are within walking distance.

 

For directions from your location, visit: maps.google.com


SITE:

Trapezoidal shaped lot measuring 60.31' front, 51.37' rear, with depths of 99.42' and 100', or 0.13 acre, more or less


Driveway


Public water and public sewer


SUBDIVISION PLAT (pdf)


IMPROVEMENT DESCRIPTION:

Aluminum sided rancher that is in need of renovation.   The home is believed to have been constructed in 1958 and contains a living room, kitchen, 3 bedrooms and bathroom;   gas forced warm air heat;   gas fired hot water heater.  Exterior features include a concrete driveway, concrete patio and rear fenced yard.


ANNUAL REAL ESTATE TAXES:

2013-2014 Annual Real Estate Taxes - $2,730 (based on a full value tax assessment of $142,600).  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 SDAT concerning the appeals process and may see the following link for helpful information:
 http://www.dat.state.md.us/sdatweb/appeal.html.


TITLE:

In fee simple; sold free and clear of all liens


ZONING:

R55 - Residential


FINANCING:

See our Financing Page for a list of auction-oriented lenders.


INSPECTION:

At 11:00 a.m. on the day of the auction only.


TERMS OF SALE:

Deposit payable by certified or cashier's check of $5,000 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 office of the Auctioneers.  Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement.  Taxes and all other public charges and assessments, payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale 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 Auctioneer.  The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser, except where otherwise mandated by local, State or Federal law.  Time is of the essence. NO BUYER'S PREMIUM!