"Upper Marlboro - Kings Council Condominium"

Townhouse Unit with 2 Bedrooms, 1.5 Baths & Garage
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Listing Details

Sold Price
$76,960
Auction Date
Auction Time
2:00 PM
Address
13811 King Frederick Way, Unit 136, Phase 36, Upper Marlboro, MD, 20772
County
Prince George's County
Neighborhood
Upper Marlboro, Kings Council Condominium
Inspection
The property will be open for viewing approximately 30 minutes prior to the time of sale.
The property is available to inspect prior to the auction. Please click the above link to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive inspection instructions via email.
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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REAL ESTATE AUCTION
$60,000 Suggested Opening Bid

UPPER MARLBORO

"Kings Council Condominium"

TOWNHOUSE UNIT
2 Bedrooms, 1.5 Baths, Garage

Sale On Premises
13811 KING FREDERICK WAY
Unit 136, Phase 36
Prince George's County, MD 20772

FRIDAY, FEBRUARY 13, 2015
AT 2:00 P.M.

    Two story vinyl sided townhouse condominium unit - according to public tax records, the home was constructed in 1993 and contains 1,341 square feet of living area.  First floor contains a living room, dining room, eat-in kitchen and half-bath; two bedrooms and bath on the second floor; attached garage; gas forced air heat and central air conditioning.

    Condominium fee is $257.  Amenities include an outdoor pool. Condominium Documents (pdf).  Annual HOA fee of $121.  HOA Documents (pdf)   Please check back for updated information and condominium resale package.

    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.

    Published annual real estate taxes are $2,259.95 based on a full value assessment of $110,000.  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 $5,000 deposit, 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 12:00 Noon, Monday, February 16,  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 and 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.  Purchaser agrees to waive any rights of rescission under Maryland Homeowners Association (HOA) 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.