Absolute Auction Over $40,000 - "Suitland" Condominium Unit with 3 Bedrooms & 2 Baths

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Listing Details

Sold Price
$95,000
Auction Date
Auction Time
12:00 PM
Address
4340 Applegate Lane #5, Suitland, MD, 20746
County
Prince George's County
Neighborhood
Suitland
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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- ABSOLUTE AUCTION -
To The Highest Bidder Over $40,000

 

SUITLAND
Less Than 1.5 Miles from I-495 & I-95

 

CONDOMINIUM UNIT
Three Bedrooms & Two Baths

 

Sale on Premises
4340 APPLEGATE LANE #5
Near Branch Avenue & St. Barnabas Road
Prince George's County, MD 20746

THURSDAY, APRIL 24, 2014
AT 12:00 NOON


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:

The unit is located in the Applegate Condo in Suitland, MD, which is just inside the Capital Beltway (I-495) in Prince George's County. The neighborhood is immediately north of Branch Avenue and east of St. Barnabas Road, with Suitland Parkway about 1.5 miles to the north, all offering good access to downtown Washington D.C. and major area employers. The Suitland Metro Station is approximately 1.5 miles to the north.


The Applegate Condo complex was constructed in the late 1990's, and features mostly three bedroom condominiums in one and two story floor plans. The neighborhood is well landscaped, and features ample assigned, visitor and open parking. There is a community building, large playground and basketball court at the center of the complex. A portion of the National Capital Parks system is at the rear of the development.


For more information about the area, please visit:
http://www.princegeorgescountymd.gov/Pages/default.aspx

http://en.wikipedia.org/wiki/Suitland,_Maryland


For information about area schools, please visit:
http://www1.pgcps.org/

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


IMPROVEMENTS:

Single story condominium unit constructed in 1998 - according to public tax records the unit contains 1,310 interior square feet and rear deck. The unit is arranged as follows:

  • Entry foyer - laminate tile, large coat closet
     
  • Kitchen - laminate floor, breakfast bar, refrigerator/freezer, range oven and dishwasher

     


     

  • Open Living Room/Dining Room combination - carpet, walk-out to rear deck

     


     

  • Laundry closet (inside LR/DR) - stacking washer & dryer
     
  • Hallway - carpet
     
  • Utility Closet
    Photos of auction property
     
  • Master bedroom with en-suite bath
    - Bedroom - carpet, two closets
    Photos of auction property
     
    - Bath - laminate floor, stand-up shower
    Photos of auction property
     
  • Hall bath - laminate floor, shower/tub with ceramic tile surround
    Photos of auction property
     
  • Bedroom 2 - carpet
    Photos of auction property
     
  • Bedroom 3 - carpet
    Photos of auction property
     


Mechanical:
Electric heat pump
Central air conditioning
40 gallon electric water heater
All public utilities


TAXES:

Published annual real estate taxes for 2013/2014 are $2,519.06, based on a full value assessment of $133,200.  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://www.dat.state.md.us/sdatweb/appeal.html


CONDOMINIUM ASSOCIATION:

Applegate A Condominium Association dues are $120 per month.

See the resale package for condominium association information:
RESALE PACKAGE - CONDOMINIUM DOCUMENTS (pdf)


TITLE:

In fee simple, sold free and clear of liens.


INSPECTION:

The property will be open for inspection at 11:00 a.m. on the day of sale, and by appointment. Please email info@ajbillig.com for inspection requests.


TERMS OF SALE:

A $5,000 deposit, payable by certified check or 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 sale to date of settlement.  All adjustments, including taxes, condominium fees, if any, 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 sale 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 sale forward.  The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law.  Purchaser agrees to waive any right of rescission under Maryland Condominium Law, if applicable.   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 except where otherwise mandated by local, State or Federal law.  Time is of the essence.


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