This property is 4 Adjacent lots on Ute Way in Capitol Heights, MD. The property is less than one mile to the Washington DC border! Land in this area is expensive and hard to come by!
Land in this area is expensive and hard to come by! A house on Ute Way sold in October 2017 for $270k (see attached Zillow picture)!
THIS IS A BID & ASSUME AUCTION. You are bidding on the down payment and the full purchase price is $24,900. The interest rate is 9% and the duration of the note is 15 years. On a $99 down payment, the monthly payment would be approximately $265/month, including principal, interest, property taxes, and servicing fee. There is no prepayment penalty to pay the note off faster.
If you sign up for autopay through a credit card or ACH from a checking account, the interest rate will be lowered to 7% and the payment will be lowered to approximately $236.
The down payment (which will be equal to the winning bid) and a deed preparation and recording fee of $199 will be due within 3 business days of the auction's close and may be paid by PayPal, cashier's check, or wire transfer. The note would then be set up and serviced by a loan servicing company (it must be signed within 14 calendar days of the auction's close). All monies paid are non-refundable.
PROPERTY WILL BE CONVEYED VIA WARRANTY DEED WITH CLEAR TITLE!
PLEASE MAKE SURE YOU'RE READY TO FUND THE DOWN PAYMENT BEFORE YOU BID!
The following info was provided by Prince George's County and should be verified prior to purchase.
||Ute Way, Capitol Heights, MD 20743
||Prince George's County, Maryland
||Greater Capitol Heights, Lots 7, 8, 9, and 10, Block 40, in subdivision known as Greater Capitol Heights per plat thereof in Plat Book BDS 1 at plats 60-65, as the same is more fully described in Deed recorded in Liber 4059 at folio 619, said property containing 6,856 square feet assessed of Townes L. Dawson, in account number 18-201156-7
||Approximately 0.16 Acres
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All property is sold as is, where is, with no warranties expressed or implied. It is the duty of prospective buyers to research properties to their satisfaction prior to bidding, and a bid shall constitute a binding contract, in which the buyer is agreeing to abide by the Terms of the Auction.
Thanks for looking and good luck with your investments!