"Mount Rainier" Victorian Style Residence, Apartment and Commercial Storefront

13595_31st4221_Ext5.jpg

Listing Details

Sold Price
$195,000
Auction Date
Auction Time
1:00 PM
Address
4221 31st Street, Prince Georges County, MD, 20712
County
Prince Georges County
Neighborhood
Mount Rainier
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

Use Mobile?
13595_31st4221_Ext3.jpg
13595_31st4221_Ext3.jpg
13595_31st4221_ExtC2.jpg
13595_31st4221_Ext2.jpg
13595_31st4221_ExtC1.jpg
13595_31st4221_Ext5.jpg

REAL ESTATE AUCTION

Great Investment Opportunity
Suggested Opening Bid: $125,000
                              
MOUNT RAINIER


Victorian Style
Residence, Apartment
& Commercial Storefront

Sale on Premises
4221 31st STREET
Corner Rainier Avenue
A/K/A 4223 31st Street and 4220 Rainier Avenue
Prince Georges County, Maryland 20712


THURSDAY, JUNE 18, 2009
AT 1:00 P.M.


        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 approximate and more or less.

LOCATION & DIRECTIONS:

4221 31st Street is located in the Mount Rainier municipal district of Prince Georges County, Maryland, approximately four miles from downtown Washington, D.C.  Mount Rainier is a developing suburban town, with a population of around 8,500. The neighborhood has been rapidly redeveloping, based on the affordability of area housing, a growing artistic community, and its proximity to Washington, D.C.'s employment centers. The property sits within the Gateway Arts District, which, through the Gateway Community Development Corporation, is developing portions of Mount Rainier with the goal of stimulating further artistic development, cultural development and economic growth.

Links for more neighborhood information:

Mount Rainier Community Website

Gateway Arts District

For directions from your location, visit: maps.google.com

 

SITE AREA

Triangular lot fronting along 31st Street and Rainier Avenue, comprising 8,525 square feet or .196 acre, more or less
Asphalt driveway
Rear, partially fenced yard
Landscaped front yard with walkway to storefront

 

ZONING AND PROPERY USE:

C-A - Ancillary Commercial
R-35 - Residential
A-2 - Historic Designation - more information (pdf)


The property was owned by one family from the time it was constructed until 1996, when it was purchased by the current owners. The residential portion of the home was used by both owners as three apartments. The commercial portion of the property was operated as a well-known neighborhood grocery store, known as "Harry's Market," for approximately 75 years, and then as a juice bar and café.

Under the current owners, with full occupancy, the property was generating $45,540 gross annual income, with a net operating income of $25,728. INCOME STATEMENT (pdf).

The entire property has been vacant for the past year. Prospective purchasers are encouraged to do their own due diligence, prior to the auction, with respect to zoning and property use.

 

IMPROVEMENTS

One of a kind 1920's era shake-shingle and clapboard cottage with stucco storefront addition. Features include vinyl double hung replacement windows, driveway with off-street parking, restored hardwood floors, aluminum gutters and downspouts, separate water heaters; and plenty of outdoor living space.

The cottage is arranged for two apartment units, each with separate exterior access. The units are arranged as follows:

Residence (4223 31st Street):

First Floor

Living Room - hardwood floors

Dining Room - hardwood floors

Bath - ceramic tile floor, new vanity, ball and clawfoot tub with shower

Bedroom - hardwood floors

Kitchen - ceramic tile floor, large pantry, updated cabinets, large stainless steel sink, range, oven, dishwasher and refrigerator

Walk-out to rear screened porch

Basement - unfinished, laundry area with washer and dryer
 

Photos of auction property
PHOTO #1     PHOTO #2     PHOTO #3
 

Second Floor

Stairway - carpeted

Bath - ceramic tile floor, ball and clawfoot tub with shower

Hall Closet

Bedroom One - hardwood floors

Bonus Room - ceiling fan, hardwood floors

Walk-out to screened porch

Master bedroom with additional dressing room (or bonus room) - hardwood floors, large closets

Basement - large unfinished basement space with full laundry, large storage room, shower stall, utility area and exterior exit.
 

Photos of auction property
PHOTO #1     PHOTO #2     PHOTO #3
 

Apartment (4221 31st Street):

Second and Third Floor

Laundry area and Sitting Room - Vinyl floor, washer and dryer

Bath - full ceramic tile, tub with shower

Living Room - walk-in closet, hardwood floors

Dining Area - hardwood floors

Kitchen - vinyl floor, range-oven and refrigerator

Bedroom - hardwood floors
 

Photos of auction property
PHOTO #1     PHOTO #2     PHOTO #3    
PHOTO #4     PHOTO #5
 

Commercial Space (4220 Rainier Avenue):

The building has a stucco exterior, interior and exterior access and two plate glass display windows. The unit contains approximately 675 square feet and is arranged as follows:

- Large room - drop ceiling, ceiling fan, built in shelves, seating areas, stainless utility sink and additional wash sink.

- Powder Room

- Vintage McCray walk-in refrigerator - fully restored, operating as of last use, full stand up door, and open-out doors with display shelves
 

Photos of auction property
PHOTO #1     PHOTO #2     PHOTO #3
 

UTILITIES:

2 - 30 gallon, gas fired water heaters
1 - 30 gallon electric water heater
2 - 100 amp. electrical boxes
1 - 200 amp. electrical box
Gas fired hot water boiler for two apartments
Separate Electric Baseboard Heat for commercial space and third apartment
Window air conditioning units
Public water, sewer, gas, electricity and telephone
The building formerly had separate electric meters

 

REAL ESTATE TAXES

$7,840 for tax year 2008, according to public tax records, based on a full value assessment of $462,100.

 

TITLE

In fee simple; sold free and clear of all liens
Deed liber VJ 11178, folio 0275

 

INSPECTION TIME

- Wednesday, June 10 at 5:00 p.m., interested parties should call 410-752-8440 to confirm

- one-hour prior to sale.

 

TERMS OF SALE

A $10,000 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 within 45 days.  If payment of the 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 an 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.   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.

NO BUYER'S PREMIUM!

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)