"Capitol Heights"

Fully Renovated Apartment Building
5 Dwelling Units & Storage
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Listing Details

Sold Price
$340,000
Auction Date
Auction Time
11:00 AM
Address
1106 Cedar Heights Drive, Capitol Heights, MD, 20743
County
Prince George's County
Neighborhood
Capitol Heights
Inspection
At 10:00 a.m. on the day of the auction. Showings may be scheduled prior to the auction based on demand. Please email info@ajbillig.com or call 410.296.8440 to state your interest in inspecting the property prior to sale.
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

CAPITOL HEIGHTS

Fully Renovated
APARTMENT BUILDING
- 5 Dwelling Units & Storage -

Sale On Premises
1106 CEDAR HEIGHTS DRIVE
Off Sheriff Road
Prince George's County, MD 20743

THURSDAY, APRIL 21, 2016
AT 11:00 A.M.

- Suggested Opening Bid: $225,000 -

    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:
1106 Cedar Heights Drive is located in the Cedar Heights subdivision of Capitol Heights, immediately north of the Washington, D.C. line.  Cedar Heights is just south and east of US-50 and the Anacostia Freeway (I-295), respectively. The convenient location is accessible for commuters throughout the D.C. beltway area, and is approximately 1.5 miles from both the Cheverly and Deanwood Metro stations. Metrobus service is along Sheriff Road.

SITE:
Mostly rectangular lot: 0.213 acre, more or less

Serviced by public water, public sewer and natural gas

2-3 car concrete driveway

Fenced rear yard

Alley access to rear of property. Potential for more off-street parking.

Zoning:
R-18, multi-family medium density residential
SE-175, special exception for tourist home

For more information, see the Prince George's County Zoning Code.

IMPROVEMENT DESCRIPTION:
Two and one-half story brick building - according to public tax records, the building was constructed in 1947, contains 3,150 square feet of living area and 1,575 square feet of mostly finished basement space. The property has been recently fully renovated, and is arranged for 5 self-contained dwelling units and storage garage. Units feature separate interior entrances, vinyl clad replacement windows, self contained HVAC and all new finishes.

Exterior
All brick construction
Asphalt shingle roof
Aluminum down spouts and rain gutters
First floor common entry
Lower level exterior entry

Unit A - Lower level two bedroom owner/manager's suite

  • Kitchen/living room - ceramic tile floor
  • Master suite with en-suite bath
  • Bedroom - ceramic tile floor
  • Full bath - ceramic tile floor

Unit B - First floor two bedroom unit

  • Living room - hardwood floor
  • Kitchen - ceramic tile floor
  • Bedroom
  • Bedroom
  • Full bath - ceramic tile floor

Unit C - First floor one bedroom unit

  • Living room - laminate floor
  • Kitchen - ceramic tile floor
  • Bedroom
  • Full bath - ceramic tile floor

Unit D - Second and third floor 3-4 bedroom unit

  • Living room - laminate floor
  • Kitchen - ceramic tile
  • Bedroom
  • Full bath - ceramic tile
  • Upper level master suite with en-suite bath
  • Two additional rooms - carpet

Unit E - Second floor two bedroom unit

  • Living room - hardwood floor
  • Kitchen - ceramic tile floor
  • Bedroom
  • Bedroom
  • Full bath - ceramic tile floor

Mechanical
5 electric meters
5 electric heat pumps with CAC
5 electric water heaters
1 water meter

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $5,129.93 based on a full value assessment of $319,433. 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://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
The property is in fee simple; and is being sold free and clear of all liens.

INSPECTION:
At 10:00 a.m. on the day of the auction. Showings may be scheduled prior to the auction based on demand. Please email info@ajbillig.com or call 410.296.8440 to state your interest in inspecting the property prior to sale.

TERMS OF SALE:
A $20,000 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, 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.  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. No representations, express or implied, are made with respect to the use of the property, including but not limited to zoning code, area classification, area designation, permitted uses as of right, ancillary uses, special exceptions, use and occupancy or other Federal, State or County permits. 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.  Time is of the essence.

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