Absolute To The Highest Bidder Above $40,000! "Congress Heights" Semi-Detached Home

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Listing Details

Sold Price
$65,000
Auction Date
Auction Time
11:30 AM
Address
431 Lebaum Street, SE, Washington, DC, 20032
County
Washington
Neighborhood
Congress Heights
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Andrew G. Bailey, Attorney
409 Washington Avenue - Suite 707
Towson, Maryland  21204

ABSOLUTE AUCTION
To The Highest Bidder Above $40,000!
                                       
CONGRESS HEIGHTS

Washington, DC 20032

Desirable, Brick
SEMI-DETACHED HOME

- In Need of Repairs -

Sale On Premises
431 LEBAUM STREET, S.E.
Off S. Martin Luther King Jr. Ave.

THURSDAY, JUNE 18, 2009
AT 11:30 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.  All dimensions contained herein are more or less.

LOCATION & DIRECTIONS:

Convenient Washington, DC location, just east of the Anacostia Freeway (Exit 2) and the Potomac River.  The National Mall and the Capitol are less than 3 miles to the northwest.  The Capitol Heights (Orange) subway line is located several blocks to the east on Alabama Avenue.  Shopping and public schools are nearby.

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

 

SITE AREA

Lot size is 0.04 acre, more or less

Fenced rear yard

Serviced by public water and public sewer

 

IMPROVEMENTS

Two story brick porchfront semi-detached home.  The home contains a living room, dining room and kitchen, on the first floor; 2 bedrooms and bathroom, on the second floor; full basement with recreation room and powder room.  The home an gas hot water heat with a modern boiler furnace.  Note: The home is in fair condition and in need of repairs.

 

REAL ESTATE TAXES

$1,602

 

TITLE

In fee simple; sold free and clear of all liens

 

INSPECTION TIME

10:45 a.m. on the day of the auction only

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $5,000 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 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 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, 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal Law. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.

NO BUYERS PREMIUM!

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Greentree Mortgage Corporation

2 Park Center Court - Suite 200
Owings Mills, Maryland  21117
410-654-3900 direct
410-702-4511 fax
ckessler@loanofficer.com

or

Jeffrey Roes
Charles Schwab & Co., Inc./Charles Schwab Bank

Vice President - Financial Consultant
1853 William Penn Way #12
Lancaster, Pa 17601
Toll free: 888-218-9741
Local: 717-394-3515
Fax: 717-392-4265