4069 Minnesota Ave NE, Washington, DC 20019, USA

APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL – GET INSTANT LOAN QUOTE AND PRE-APPROVAL
 

4069-4089 MINNESOTA AVENUE N.E.

WASHINGTON DC 20019

LOT 0031 sQUARE 5080, lOT 0809 sQUARE 5080 AND LOT 0091 sQUARE par 0176

In execution of the power of sale contained in a Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (“Deed of Trust”) dated March 29, 2024, and recorded on April 5, 2024, as Instrument No. 2024031848 with the District of Columbia Recorder of Deeds (the “Recorder of Deeds”), in the original principal amount of $15,500,000, which Deed of Trust also constitutes a security agreement and creates a security interest in all the fixtures and personal property described in the Deed of Trust, defaults having occurred under the Deed of Trust and in the payment of the debts secured thereby, and being instructed to do so by holder of the promissory note (“Note”) secured thereby (the “Noteholder”), and following mailing on January 23, 2025 of a Notice of Foreclosure Sale of Real Property or Condominium Unit, which was recorded with the Recorder of Deeds on January 23, 2025 as Instrument No. 2025008120, and the recordation with the Recorder of Deeds of a Deed of Appointment of Substitute Trustees as Instrument No. 2025008133, and an Affidavit of Non-residential Mortgage Foreclosure as Instrument No. 2025008118, the undersigned Substitute Trustees, any of whom may act, will on February 27, 2025, at 11:00 a.m., offer for sale at public auction the real and personal property described below. The auction sale will be held within the offices of Harvey West Auctioneers, LLC, located at 5335 Wisconsin Avenue, NW, Suite 440, Washington, D.C. 20015.

The real property being sold includes the land and all buildings, structures, and other improvements thereon (if any), and all leases, rents, issues and profits, and other appurtenant rights associated with the ownership of the land (if any), described as follows:

All that certain lot or parcel of land together with all improvements thereon located and being in the City of Washington in the District of Columbia and being more particularly described as follows:

Lot 31, in Square 5080, in a subdivision made by A.D. Loffier, Trustee, as per plat recorded in Liber No. 72 at Folio 24 among the Records of the Office of the Surveyor for the District of Columbia.

Together with and including the southerly half of the abandoned Edson Place, N.E., as shown on a plat of subdivision recorded in the Office of the Surveyor of the District of Columbia in Plat Book 195 at Page No. 166, containing 1,272 square feet or 0.029 acres of land, more or less, and assessed as Lot 809 in Square 5080.

At the date hereof the above described land is designated on the Records of the Assessor of the District of Columbia for assessment and taxation purposes as Lot 31 in Square 5080.

AND

Parcel 176/91, being part of a tract of land called the "Beall's Adventure", described in accordance with a plat of survey recorded in Survey Book 100 at page 427 among the Records of the Office of the Surveyor of the District of Columbia as follows:

BEGINNING for the same at the intersection of the Easterly line of Minnesota Avenue with the North line of Edson Place and running with the line of Minnesota Avenue the following two courses and distances: (1) North 39 degrees 57 minutes East 38.55 feet; (2) North 29 degrees 07 minutes East 122.05 feet; thence leaving said Minnesota Avenue and running South 81 degrees 31 minutes 30 seconds East 401.30 feet to the westerly line of the land conveyed to the United States of America by Deed recorded in Liber 6446 at Folio 116; thence with said Westerly line South 70 degrees 49 minutes West 316.01 feet; thence North 81 degrees 41 minutes West 184.55 feet to the place of Beginning.

At the date hereof the above described land is designated on the Records of the Assessor of the District of Columbia for assessment and taxation purposes as Lot 91 in Square Parcel 176.

Together with and including the northerly half of the abandoned Edson Place, N.E., as shown on a plat of subdivision recorded in the Office of the Surveyor of the District of Columbia in Plat Book 195 at Page No. 168, containing 1,247 square feet or 0.028 acres of land, more or less, and assessed as Lot 809 in Square 5080.

Only the personal property subject to the operation and effect of the Deed of Trust and actually located at the real property at the time of sale will be sold and conveyed. The Substitute Trustees make no representation or warranty as to the identity of such personal property, nor will the Substitute Trustees deliver possession of any such personal property, it being the responsibility of thepurchaser to identify and obtain possession of such personal property. The real and personal property are hereinafter referred to as the “Property”.

To qualify as a bidder a deposit of $500,000.00, by certified or cashier's check, must be displayed to the Substitute Trustees prior to the commencement of the sale by each bidder other than the Noteholder, servicer acting on the Noteholder’s behalf, or any subsidiary or affiliate of the Noteholder (each a “Lender Affiliated Party”). Within two (2) business days of the sale, the purchaser shall increase the deposit to 10% of the purchase price. The deposit, without interest, will be applied to the purchase price at closing. Any Lender Affiliated Party may apply the outstanding amount of the debt under the Note as a credit to its bid. 

 

For Info: https://app.hwestauctions.com/details.php?id=148873

Resources:

• The listing price is based on our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

 

OfferMarket is a marketplace for off-market listings. By accessing and utilizing our services, you understand, acknowledge and agree that neither OfferMarket nor any of its representatives make any representation or warranty, express or implied, as to the accuracy or completeness of any listings.​ You are expected to conduct your own due diligence. Please reference the information and any contact information or 3rd party website included in this description for more information and to inquire about this listing.
OfferMarket listings are strictly for POF-verified end investor buyers (rental investors, fix and flip investors). Get instant loan quote and pre-approval.