ABSOLUTE AUCTION ABOVE $75,000 "Prince Place at Northampton Condominium" Townhouse Condominium Unit

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Listing Details

Sold Price
$85,000
Auction Date
Auction Time
11:00 AM
Address
10167 Campus Way South, Prince George's County, MD, 20774
County
Prince George's County
Neighborhood
Upper Marlboro, Prince Place at Northampton Condo,
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Laurie S. Frank, Attorney
Frank, Frank & Scherr, LLC
1400 Front Avenue - Suite 200
Lutherville, MD 21093

 ABSOLUTE
ATTORNEY'S AUCTION

To The Highest Bidder Above $75,000
                                                
PRINCE GEORGE'S COUNTY

"Prince Place at
Northampton Condominium"

3 Bedroom  2.5 Bath
TOWNHOUSE
CONDOMINIUM UNIT

- Remodeling Needed -

Sale On Premises
10167 CAMPUS WAY SOUTH
Off Largo Road (MD-202)
Upper Marlboro, MD 20774

WEDNESDAY, APRIL 14, 2010
AT 11:00 A.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 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 & DIRECTIONS:

Prince Place at Northampton is located south of Central Avenue (MD-214), east of the Capital Beltway (I-95/495) and Harry S. Truman Drive, and west of Largo Road (MD-202). The surrounding area is a mixture of housing styles. The neighborhood is about one mile from Beltway Exit 15 and 1.25 miles from the Largo Town Center Metro Station, providing good access to employment centers throughout the metropolitan area. Prince George's Community College is within walking distance. According to the Prince George's County Public Schools web site, nearby public schools are Phillis E. Williams Elementary, Kettering Middle and Largo High.

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

 

CONDOMINIUM INFORMATION:

The Prince Place at Northampton condominium comprises approximately 290 units, constructed in 1972. Each townhouse unit appears to have two assigned parking spaces, plus a general guest parking lot. Units appear to be well maintained.

The condominium fee is $110/month, which includes exterior building maintenance, lawn maintenance, management, parking, reserve funds, road maintenance, snow removal and trash removal.

Condominium Documents
Note: more documents will be added as they become available - check back for updates.

Amended Parking Rules And Regulations (pdf)

Code of Conduct (pdf)

Kids Playing Sidewalk (pdf)

One ByLaws etc. (pdf)

Safety Tips For Residents (pdf)

Online Payment Info (pdf)

Direct Debit Authorization Form (pdf)


According to MRIS, actively listed townhouse units in Prince Place at Northampton range from $129,450 to $214,990. The auction unit will be sold to the highest bidder above $75,000.

 

IMPROVEMENTS

Two story brick and siding inside-group townhome - according to public tax records the unit was constructed in 1972 and contains 1,936 square feet of living area.


Exterior

Composition shingle roof with aluminum rain gutters

Aluminum casement windows

Full concrete block basement foundation

Fenced rear courtyard


First Floor


Foyer - vinyl floor, 2 coat closets


Half-Bath - vinyl floor


Living Room/Dining Room combination - carpeting


Eat-in Kitchen - vinyl floor, pantry, laminate cabinets and counter, gas range/oven, stainless steel sink with disposer, dishwasher, refrigerator/freezer


Second Floor


Master Bedroom Suite - carpeting, 3 closets, dressing area, ceramic tile Master Bath (shower)


Bedroom #2 - carpeting


Bedroom #3 - carpeting


Full Hall Bath - ceramic tile


Basement

Unfinished - some wall studding, ceiling height suitable for finishing

Sliding door walkout to fenced rear courtyard

Laundry area with washer and dryer


Mechanical

Gas forced air heat

Central air conditioning

100 ampere electrical service

Gas, 40-gallon water heater


The home needs updating and cosmetic repairs.

 

REAL ESTATE TAXES

2010 published annual taxes are $3,057.06, including a $1,000.00 special tax assessment.

 

TITLE

The unit will be sold free and clear of all liens.  Deed Liber 4156, folio 799.

 

INSPECTION TIME

One hour prior to sale.

 

TERMS OF SALE

A $7,500 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, condominium fees, 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 waives the right of rescission under Maryland condominium law.  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)


Auction by order of:
Lucille W. Schofield, Virginia A. Weyres, Janis S. Wright,
Attorneys-in-fact for Walter Joseph Weyres

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Equity Mortgage

2 Park Center Court - Suite 200
Owings Mills, Maryland  21117
410-654-3900 direct
410-581-5814 fax
ckessler@equitymortgagelending.com