"Hyattsville - Fairmont Condominiums"

Apartment Condominium Unit with 1 Bedroom & Bath
7184.jpg

Listing Details

Sold Price
$55,120
Auction Date
Auction Time
12:00 PM
Address
1009 Chillum Road, Unit 402, Hyattsville, MD, 20782
County
Prince George's County
Neighborhood
Hyattsville, Fairmont Condominiums
Inspection
The properties will be open for viewing approximately 30 minutes prior to the time of sale.
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTION

HYATTSVILLE

"Fairmont Condominiums"

4 - APARTMENT
CONDOMINIUM UNITS

Sale On Premises
1001 CHILLUM ROAD
Prince George's County, MD 20782

FRIDAY, JANUARY 16, 2015
AT 12:00 NOON

    The four condominium units are located in four story elevator buildings, built in 1955.  Each will be offered individually:

    1001 Chillum Road, Unit 220 - $20,000 suggested opening bid; 359 square feet; studio apartment.  Published annual taxes are $523.52, based on a full value assessment of $35,000.

     Plat

     Condo fees are $153.36 per month.

     The Fairmont Community Association, Inc. Documents

     Fairmont 1001 Condominium Association Documents

    1005 Chillum Road, Unit 318 - $25,000 suggested opening bid; 1,003 square feet; two bedroom and bath apartment with balcony.  Published annual taxes are $852.65, based on a full value assessment of $58,000.

     Plat

     Condo fees are $413.92 per month.

     The Fairmont Community Association, Inc. Documents

     Fairmont 1005 Condominium Association Documents

    1009 Chillum Road, Unit 304 - $40,000 suggested opening bid; 886 square feet; two bedroom and bath apartment with balcony.  Published annual taxes are $809.72, based on a full value assessment of $55,000.

     Plat

     Condo fees are $410.92 per month.

     The Fairmont Community Association, Inc. Documents

     Fairmont 1009 Condominium Association Documents

    1009 Chillum Road, Unit 402 - $40,000 suggested opening bid; 740 square feet; one bedroom and bath apartment with balcony.  Published annual taxes are $738.17, based on a full value assessment of $50,000.

     Plat

     Condo fees are $366.03 per month.

     The Fairmont Community Association, Inc. Documents

     Fairmont 1009 Condominium Association Documents

    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.  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

    TERMS OF SALE:  A $3,000 DEPOSIT ON EACH PROPERTY, 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 by 12 Noon, Monday, January 19, 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 8% 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, 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 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.  A 4% buyer's premium will be added to the final bid price.