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Go Back WednesdayApril 19, 2017 — 12:00pm


**Opening Bid $150,000** Bright and Sunny One Bedroom Apartment in "The Cathedral" Cooperative in NW Washington.

4101 Cathedral Ave. NW. 815 Washington, DC 20016

Location: To be held at The Auctioneers Office Located At: 5301 Wisconsin Ave., N.W. Suite 750, Washington, DC 20015

Exterior

Bright and Sunny 1 bedroom apartment with 950+ square feet, a large living room and dining room L, nice kitchen with corian counters, full bath, parquet floors, crown molding. Outdoor pool, GARAGE PARKING, additional storage included. Conveniently located close to restaurants & shops on New Mexico Ave NW and at Cathedral Commons. Seller to pay off blanket mortgage of $12,000 from price at settlement.

Monthly Coop fee is $923.00+ includes all utilities and real estate taxes.

Ground Rent: This information will be available shortly.

Summary of Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $10,000 is due at the time and place of sale. The difference to bring the deposit up to 10% is due 2 business days after the sale in the auctioneer's office. If payment of the additional deposit or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser.  Settlement is 45 days from the sale date. The Purchaser will pay interest on the unpaid portion of the purchase price from date of coop board approval to date of settlement at the rate of 10% per annum. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of coop board approval and assumed thereafter by the purchaser. Cost of all documentary stamps, settlement costs and transfer taxes to be paid 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. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.

NOTE: Alex Cooper Auctioneers is acting as agent for the Owner in this transaction. Alex Cooper Auctioneers is not acting as agent for the successful bidder. Any buyer-broker is acting as an agent for the successful bidder and is not a sub-agent of Alex Cooper Auctioneers.

** NOTICE TO BUYER: SUBJECT TO COOP BOARD APPROVAL.

IF YOU ARE CONTEMPLATING FINANCING FOR THIS PURCHASE, APPLICATION MUST BE MADE WITH A LENDER AND TITLE COMPANY NO LATER THAN SEVEN (7) DAYS FROM THE DATE OF THIS SALE.

Click Here For The Full Sale Terms In PDF Format


Jared Block Auction Agent
443-470-1457
PLEASE NOTE
The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.