REAL ESTATE AUCTION
- College Park, MD -


3 - Properties Near
UNIVERSITY OF MARYLAND

Photo of

Potential Development Site
3.61 ACRESR-80

5 Bedroom/2 Bath
On 0.48± Acre

BRICK RANCHER

0.24± ACRE
RESIDENTIAL LOT

Sale On Premises
4100, 4103 & 4105
METZEROTT ROAD

Off University Boulevard (MD-193)
PRINCE GEORGE'S COUNTY, MD 20740

TUESDAY, JUNE 27, 2006
AT 11:00 A.M.


       NOTE: 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. Prospective purchasers are encouraged to consult with the appropriate government authorities regarding the permitted uses of the property and perform their own due diligence in advance of the auction. All dimensions and acreage contained herein are more or less.

GENERAL INFORMATION

LOCATION:

Great location, within walking distance to the University of Maryland Campus and Comcast Center! The properties are situated on a quite residential street amid some new home construction. The sites are just minutes from University Boulevard (MD-193), I-95, I-495, and US-1. Ample shopping is accessible nearby along University Boulevard and US-1. Public transportation is nearby.

Photos of auction property
AERIAL OVERVIEW      STREET VIEW - EAST      STREET VIEW - WEST

For information on the city of College Park, MD, visit:
http://www.ci.college-park.md.us/

For information on the University of Maryland, visit:
http://www.umd.edu/

LOCATION MAP

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


4100 METZEROTT ROAD

Photos of auction property
     LOT VIEW #3      ENTRY FROM STREET      PARKING LOT

SITE:

3.61 acres, fronting 447.82' along Metzerott Road, with a rear lot line of 330.38' and depths of 350' and 471', all more or less. Note: A portion of the lot is located on the north side of University Boulevard, but is NOT included in the acreage or location drawing.

Public water and sewer are at the site.

TAX MAP

LOCATION DRAWING

LEGAL DESCRIPTION (pdf)

(Requires Acrobat Reader to view)
Click Logo to get Adobe Acrobat Reader

ZONING:

R80, residential
See the: Residential Regulations Document (pdf)

For questions pertaining to zoning, visit:
http://www.mncppc.org/pgco/
or contact the Prince George's County Office of Planning and Zoning: http://www.mncppc.org/html/directory.htm

IMPROVEMENT
DESCRIPTION:

Former swimming club, the site is improved by a fenced recreation area containing large in-ground swimming pool, concession stand, pool house and playground. Large paved parking lot. Note: The property has not been used as a swim club for over one year and the appropriate zoning authorities should be contacted as to the permitted uses for the site.

Photos of auction property
LOT VIEW #1      LOT VIEW #2      POOL      OUTBUILDING

ANNUAL REAL
ESTATE TAXES:


$3,017

TITLE:

In fee simple; sold free and clear of all liens

DEPOSIT:

$25,000


4103 METZEROTT ROAD

Photos of auction property
FRONT VIEW      REAR VIEW      KITCHEN      LIVING ROOM

SITE:

Two lots comprising 11,412 square feet and 9,638 square feet, for a total of 21,050 square feet or 0.48 acre, more or less.

Public water, public sewer and natural gas

TAX MAP

LOCATION DRAWING

LEGAL DESCRIPTION (pdf)

IMPROVEMENT
DESCRIPTION:

Updated brick rancher (circa 1953 according to tax records) features wood burning brick fireplace, vinyl double glazed replacement windows, gas forced hot air heat and central air conditioning, 200 ampere modern housepower, 40 gallon gas fired water heater, covered front porch, rear concrete patio and large vinyl sided shed (with electricity). The home contains living room, modern kitchen (with oak cabinetry and gas range/oven), 5 bedrooms (one was a former dining room), 2 bathrooms and large laundry room.

ANNUAL REAL
ESTATE TAXES:


$2,550

ZONING:

R80, residential
See the: Residential Regulations Document (pdf)

For questions pertaining to zoning, visit:
http://www.mncppc.org/pgco/
or contact the Prince George's County Office of Planning and Zoning: http://www.mncppc.org/html/directory.htm

LEASE:

The home is currently leased for $2,600 per month, with the tenant paying for the utilities. The lease expires 7/1/2007.

TITLE:

In fee simple; sold free and clear of all liens

DEPOSIT:

$25,000


4105 METZEROTT ROAD

Photos of auction property
ENTRY FROM METZEROTT RD.    VIEW #1 OF LOT    VIEW #2 OF LOT

SITE:

Known as Parcel 38, Tax Map 25, Grid C4. The panhandle lot is situated in the rear of a house with the same address of 4105 Metzerott Road. The lot is cleared, mostly level and comprises 0.24 acre, more or less.

TAX MAP

LEGAL DESCRIPTION (pdf)

ANNUAL REAL
ESTATE TAXES:


$15

ZONING:

R80, residential
See the: Residential Regulations Document (pdf)

For questions pertaining to zoning, visit:
http://www.mncppc.org/pgco/
or contact the Prince George's County Office of Planning and Zoning: http://www.mncppc.org/html/directory.htm

TITLE:

In fee simple; sold free and clear of all liens

DEPOSIT:

$5,000


TERMS OF SALE

       Deposits payable by certified or cashier's check 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 properties will be sold in "AS IS" condition, without express or implied warranty as to the existing zoning or permitted uses, 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, if any, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. All dimensions contained herein are "more or less." 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.

       Buyer acknowledges that it is the intention of the Seller to create an IRS Section 1031 Tax Deferred Exchange (the "Exchange") and that the Seller's rights and obligations under this Contract may be assigned to a qualified intermediary (the "Intermediary") to be designated by the Seller to facilitate such Exchange. Buyer agrees to fully cooperate with the Seller and Intermediary, at no additional cost of liability to the Buyer, to enable Seller to utilize the contemplated Exchange.

NO BUYER'S PREMIUM

Broker Participation is invited.
BROKER REGISTRATION FORM