"Hyattsville - Fairmont Condominiums" Condominium Unit wtih 1 Bedroom & 1 Bath

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Listing Details

Sold Price
$42,500
Auction Date
Auction Time
12:00 PM
Auction Note
Sale To Be Held: Unit 112, 1009 Chillum Road
Address
Unit 101, 1001 Chillum Road, Hyattsville, MD, 20782
County
Prince George's County
Neighborhood
Hyattsville, Fairmont Condominiums
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION

 

HYATTSVILLE
"Fairmont Condominiums"

 

CONDOMINIUM UNIT
1 Bedroom ✦ 1 Bath

 

Known As
UNIT 101
1001 CHILLUM ROAD
Prince George's County, MD 20782

Sale To Be Held:
Unit 112, 1009 Chillum Road

THURSDAY, MARCH 20, 2014
AT 12:00 NOON


SUGGESTED OPENING BID: $40,000

 
       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:

The Fairmont Condominiums are located in the Chillum area of Prince George's County, which is often referred to more broadly as Hyattsville. Chillum sits immediately northeast of the Washington, D.C. border. Other nearby communities include College Park, University Park and Takoma Park. The Fort Totten Metro station, with service on the Green, Red and Yellow lines, is approximately one mile to the southwest. Metro Bus service is along Chillum Road.  


The Fairmont Condominium complex is comprised of 4 four-story (lower level at grade) brick condominium buildings originally constructed in 1955, and fully renovated beginning in 2006. Each building features secured entry, elevator, nicely decorated common lobby with seating and mail area. The complex has a clean, modern feel with tidy landscaping, well maintained exteriors and substantial assigned surface parking.


For more information about the area, please visit:

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

http://www.hyattsville.org/

&

http://www.princegeorgescountymd.gov/


For School Information, please visit:
http://www1.pgcps.org/

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


IMPROVEMENTS:
Terrace level condominium unit contains 871 square feet of living area and is arranged as follows:

  • Sunny living room/dining room combination - carpet
  • Galley style kitchen
  • Bedroom - carpet
  • Full bath - ceramic tile floor and surround
  • Storage & linen closets

Sample Photos

 


 


Mechanical:

  • Hot water heat (common)
  • Air conditioning (wall unit)
  • Hot water heater (common)
  • All public utilities


The unit comes with one assigned parking space.


CONDOMINIUM PLAT (pdf)


TAXES:

Published annual real estate taxes for 2013/2014: $738.17.


CONDOMINIUM  ASSOCIATION:

Condo fees are $423.75/month, please a special assessment of $203.40/month = $627.15 total/month

Click the link to open the document in PDF format.


TITLE:

The property is in fee simple and sold free and clear of liens.


INSPECTION:

The property will be open for inspection at 11:00 a.m. on the day of sale.


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 or homeowners association 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, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to The Fairmont Community Association, Inc. and the Fairmont 1001 Condominium Declaration, Bylaws and any amendments thereto and 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 Homeowners Association and/or 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.


FINANCING:

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