"Bowie - Fairwood" Newly Constructed Colonial Home 5 BR/3.5 Baths, 5,800 Sq. Ft., 2 Car Garage

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Listing Details

Sold Price
$360,000
Auction Date
Auction Time
11:30 AM
Address
12905 Crickmore Trace, Prince Georges County, MD, 20720
County
Prince Georges County
Neighborhood
Bowie, Fairwood
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Moore, Carney, Ryan and Lattanzi, LLC
4111 E. Joppa Rd., 21236

SUBSTITUTE TRUSTEES' SALE
             
BOWIE
"Fairwood"

Newly Constructed
COLONIAL HOME
5 BR/3.5 Baths ★ 5,800 Sq. Ft.
- 2 Car Garage -

Sale On Premises
12905 CRICKMORE TRACE
Between I-50 & MD-450
Prince Georges County, MD 20720

WEDNESDAY, FEBRUARY 6, 2013
AT 11:30 A.M.


      Under and by virtue of the power of sale contained in a certain Deed of Trust from Dawit T. Yohannes and Hiwet Leghesse, to Chase Title, Trustee for Taylor Bean & Whitaker Mortgage Corp., said Deed of Trust was assigned to Hamilton Federal Bank, Trustees, dated May 17, 2007, and recorded among the Land Records of Prince Georges County, in Liber P.M. 28105, folio 370, the holders of the indebtedness secured thereby having appointed Kristin H. Williams, and/or Richard E. Lattanzi, and/or Lisa M.L. Eisemann to act as Substitute Trustees, in place and stead of the aforementioned Trustee, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustees will sell at Public Auction, on the premises, the following:


      All that fee simple lot of ground and the improvements thereon, situate and lying in Prince Georges County, State of Maryland, and being more fully described in the above referenced Deed of Trust.


      Brick and vinyl sided colonial home (circa 2005 comprising 4,000 sq. ft., plus 1,922 sq. ft. basement, according to SDAT tax records) and reportedly contains a 2 story entry foyer, living room, dining room, gourmet kitchen with cooking island, morning room, family room with fireplace, den and laundry/mud room, on the first floor;   master suite with tray ceiling and sitting room, deluxe master bath with dual head Roman shower and soaking tub, 3 additional bedrooms and hall bath, on the second floor; full finished basement with large recreation room, den, bedroom and bath.  Features include gas forced hot air heat and central air; crown moldings and decorative columns; hardwood floors and wall-to-wall carpet, sump pump; 2 car built-in garage;  rear deck.   Lot size: 0.25 acre, more or less. Reportedly $170/month homeowner dues include use of community swimming pool and tennis courts.

Photos of auction property
FAMILY ROOM - PHOTO #1    PHOTO #2    LIVING ROOM    DINING ROOM  
BREAKFAST AREA    KITCHEN    MASTER BEDROOM - PHOTO #1    PHOTO #2   
MASTER BATHROOM - PHOTO #1    PHOTO #2    BASEMENT REC ROOM


       FLOOR LAYOUT (pdf)


      TERMS OF SALE:  A $25,000 deposit, payable by certified check or cashier's check, 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.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Prince Georges County at the offices of the Substitute Trustees.  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 purchaser.  Interest to be charged on the unpaid purchase money, at the rate of 6.75% per annum, from date of sale to date of settlement.  All adjustments as of date of sale.  Taxes, ground rent 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 existing zoning and 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 shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Substitute Trustees, the holder of the indebtedness, 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 Substitute Trustees are 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 Substitute Trustees, Noteholder or Auctioneer.  Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law.  Time shall be of the essence for the purchaser.  No Buyer's Premium!


      Authority to cancel this sale rests solely with the Substitute Trustees and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Substitute Trustees reserve: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders' deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.


Kristin H. Williams, Richard E. Lattanzi and
Lisa M.L. Eisemann, Substitute Trustees