"Waldorf" Office Condo Unit ABSOLUTE AUCTION ABOVE $150,000

13440_postoffice601u2b_exteriorview.jpg

Listing Details

Sold Price
$175,000
Auction Date
Auction Time
12:00 PM
Address
#2B - 601 Post Office Road, Charles County , MD, 20602
County
Charles County
Neighborhood
Waldorf
Scroll down for Complete Details, including: property description and Terms of Sale.

ESTATE AUCTION
To Highest Bidder Above $150,000!
(Purchased in 1994 for $314,000)
                    
WALDORF

"Lakeview Professional Park"
 

 

Updated, Second Floor
OFFICE CONDO. UNIT
 1,544± Sq. Ft.

Sale On Premises
#2B - 601 POST OFFICE ROAD
Charles County, MD 20602

THURSDAY, FEBRUARY 26, 2009
AT 12:00 NOON


        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.

LOCATION & DIRECTIONS:

Great location, in the heart of Waldorf, situated on the northeast corner of Post Office Road and Saint Charles Parkway.  Waldorf is a bedroom community for Washington, DC, located just 15 miles from I-95/495 at Branch Avenue (MD-Route 5).  Waldorf has undergone major rejuvenation and transformation over the past 5 years.  The subject office building is located in the Lakeview Professional Park and across the street from the new multi-million dollar redevelopment of Smallwood Village Shopping Center (in 2008). The St. Charles Towne Center is located just minutes away off Smallwood Drive (completely renovated in 2007.) Waldorf is a beautiful community that is continually growing and modernizing.


For more information on Waldorf, visit:
Wikipedia 

For more information on the Smallwood Village Center, visit:
www.saulcenters.com 

For more information on the Saint Charles Towne Center, visit:
www.simon.com

FROM THE WASHINGTON, DC AREA - Take the Capital Beltway (I-95/495) Branch Avenue (Exit 7 - South).  Follow Branch Avenue (MD-Route 5) for 14.9 miles to Saint Charles Parkway and turn right.  Continue 1.4 miles on Saint Charles Parkway to the property on the right (at the corner of Post Office Road).

FROM THE ANNAPOLIS AREA - From the intersection of I-97 and U.S. 50/301, travel west approximately 10 miles to US-301/N. Crain Highway (Exit 13A towards Richmond.)  Continue on US-301 for 25.1 miles to MD-Route 5 and turn left.  Continue on MD-Route 5 for 3.2 miles to Saint Charles Parkway and turn right.  Travel 1.4 miles on Saint Charles Parkway to the property on the right (at the corner of Post Office Road).

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

Photos of auction property
AERIAL WIDE VIEW     AERIAL CLOSE-UP








 

IMPROVEMENTS

Attractive two story brick office condominium building, constructed in 1989. The building features a security entry system, elevator and lobby area.
 
This self-contained unit is located on the second floor and comprises 1,544 square feet, more or less. The space is arranged with a reception room, central office area, 7 private offices (one with private balcony) and lunch room (with new flooring, new dishwasher, and refrigerator/freezer)
 
The unit has a recently painted drywalled interior, fluorescent lighting, acoustical drop panel ceiling and new wall-to-wall carpeting. There is a heatpump system with central air conditioning.
 
The unit had been leased for the past 7 years to a mortgage company for $2,500 per month, net. The tenant has recently moved and the unit is currently vacant.

 

CONDOMINIUM AMENITIES:

Security entry, common area and exterior maintenance, master insurance policy, trash and snow removal. There is substantial on-site, open parking for the building (with access from both Saint Charles Parkway and Post Office Road.)

 

 
Photos of auction property

COMMON AREA  HALLWAY  PRIVATE OFFICE #1
PRIVATE OFFICE #2   LUNCH ROOM   EXTERIOR SIGN
SECURITY ENTRY   PARKING - LOWER LOT
PARKING - UPPER LOT #1   PARKING - UPPER LOT #2

 

 

REAL ESTATE TAXES

$3,274 (with a 2008 full value assessment of $282,000)

 

CONDOMINIUM or HOMEOWNER ASSOC

Condominium fees are $400 per month. In addition, there is a monthly $500 +/- utility fee (for all utility expenses - varies monthly)

Huntington Neighborhood Association, Inc.:  $402.39 per year. Includes access to community pool, private party room, common area landscaping and maintenance, etc.

 

TITLE

In fee simple; sold free and clear of all liens

 

INSPECTION TIME

11:00 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, condominium fees, homeowner association dues 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. Condominium documents are available for inspection at the office of the Auctioneers.  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 easements, agreements, the condominium association by-laws, 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. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.  NO BUYERS PREMIUM!


Jason Bierley, Personal Representative
for the Estate of Cheri L. Felix


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)