Absolute Over $100,000 "Silver Spring"

Penthouse Condo Unit "Columbia Towers Condominium"
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Listing Details

Sold Price
$140,000
Auction Date
Auction Time
12:00 PM
Address
12001 Old Columbia Pike #805, Silver Spring, MD, 20904
County
Montgomery County
Neighborhood
Silver Spring, Columbia Towers Condominium
Inspection
The property will be open at 11:00 a.m. on the day of auction only.
Additional Documents
Exterior Condo Plat
Columbia Towers Condominium Association
Interior Condo Plat
Financing
See our Financing Page for a list of auction-oriented lenders.
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 $100,000

SILVER SPRING
"Columbia Towers Condominium"

PENTHOUSE CONDO. UNIT
Three Bedrooms & Two Baths

Sale on Premises
12001 OLD COLUMBIA PIKE #805
Off Industrial Parkway - One Block East Of I-29
Montgomery County, MD 20904

FRIDAY, SEPTEMBER 5, 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 Columbia Towers Condominium building in Silver Spring, MD, one block east of I-29, and north of New Hampshire Avenue. The Inter-County Connector (MD-200) is less than one mile to the north.  This quiet neighborhood is ideally located in close proximity to abundant shopping, restaurants and major work centers including Silver Spring, Columbia, Rockville and more.

The building is believed to have been constructed in 1985, and features a security buzzer entry system, attractive lobby area, party room and elevators.   There is a private swimming pool with picnic area.  The neighborhood is well landscaped, and features ample open parking.

For more information about Silver Spring, please visit:
http://www.silverspringcenter.com

IMPROVEMENTS:
Attractive top level corner condominium, comprising 1,316 square feet, according to SDAT tax records.  Known as Unit #12001-805, featuring new heatpump and central air conditioning (2013), new carpeting throughout and a freshly painted interior. The unit is arranged as follows:

  • Entry Foyer - guest closet
  • Living Room
    oldcolumbia12001 u805 NEW---LR
  • Dining Room - walk-out to a covered balcony
  • Updated Kitchen - pantry, ceramic tile flooring, Kenmore 4-burner range/oven, Whirlpool dishwasher, Maytag refrigerator/freezer, Frigidaire stacking washer and dryer

     

     

  • Master Bedroom - walk-in closet
  • Private Master Bathroom
  • 2 - Additional Bedrooms

     

     

  • Full Hall Bathroom - ceramic tile flooring and wainscot

TITLE:
The property is being sold in fee simple, free and clear of all liens and encumbrances.  

TAXES:
2014-2015 published annual real estate taxes are $1,642

CONDOMINIUM FEES:
The Columbia Towers Condominium Fee - $525/month.  The fee includes: common grounds, pool house and swimming pools, interior common area and exterior maintenance, on-site building maintenance engineer, water, sewer, CAM charges, snow removal, road maintenance.

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

TERMS OF SALE:
Deposit payable by certified or cashier's check of $10,000 will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price by Monday, September 8 at 12:00 Noon 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 of the deposit or purchase amount 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, condominium fees, homeowner association dues, 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. Purchaser agrees to waive any right of rescission under Maryland condominium law, if applicable.  The Columbia Towers Condominium documents are available for inspection at our office or by email. 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, The Columbia Towers Condominium declarations and by-laws, restrictions or covenants of record affecting same, if any. 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. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.