Real Estate Auction

COLLEGE PARK AREA
Just South Of The University of MD

Well Located
BUNGALOW

With Garage

HOUSE     GARAGE

Sale On Premises
4308 OGLETHORPE STREET
Off 6000 US Route 1
HYATTSVILLE, PRINCE GEORGE'S COUNTY, MD 20781

TUESDAY, OCTOBER 11, 2005
AT 11:00 A.M.


       THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE. HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.

GENERAL INFORMATION

LOCATION:

Great location, only 1 mile south of the University of Maryland campus and the township of College Park, and within two blocks of DeMatha High School and Hyattsville Middle School. Shopping and public transportation are available within walking distance along US Route 1. I-95/I-495 is located only 5.25 miles to the north. Just minutes from the Metro Subway stop and the Riverdale Marc train stop.

Directions: From I-95/I-495, go south 5.25 miles on US Route 1 (Baltimore Boulevard) to Oliver Street (2 blocks south of East West Highway) and turn right. Go 0.1 mile and turn left on 43rd Street. Travel 0.1 mile to Oglethorpe Street and turn left to property on the left.

LOCATION MAP

For directions from your location, visit:
http://www.mapquest.com/directions/main.adp

SITE:

0.12 acre, more or less

Detached oversized one car garage (with shop area)

TAX MAP

ZONING:

R55, residential

IMPROVEMENT
DESCRIPTION:

Enclosed porchfront bungalow contains: living room, dining room, kitchen with gas range, two bedrooms and bathroom, on the first floor; large bedroom on the second floor; full basement with laundry area (dryer included); gas hot water heat with modern boiler furnace; 100 amp. modern housepower; 30 gallon gas fired water heater.

Furnace:


ANNUAL REAL
ESTATE TAXES:


$2,519

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

10:00 a.m. on the day of the auction


TERMS OF SALE

       Deposit payable by certified or cashier's check of $15,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance 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 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. 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 rights of the existing tenants, easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward. The purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE. NO BUYERS PREMIUM!