Potomac Real Estate Online Auction, Palatine Manor

Opening Bid: $1,750,000.00
Bidding opens Friday, Nov 19th

Property Preview & Inspection Dates

Sunday, Nov 21st 1:00 pm - 3:00 pm
Sunday, Nov 28th 1:00 pm - 3:00 pm
Sunday, Dec 5th 1:00 pm - 3:00 pm
Sunday, Dec 12th 1:00 pm - 3:00 pm

View & download the Full Information Packet, Tax Record, Disclosures, and more in the 'Documents' tab above.

• TAX ID: 160602877963
• 2 Acres
• 14,000+ Sq FT
• Year Built: 2006
• Tax Year 2021: $52,438
• Taxable Total Assessment: $5,098,100
  • Taxable Land Assessment: $665,500
  • Taxable Building Assessment: $4,432,600
• Zoning RE-2
• Legal Subdivision: Palatine
• 8 Bedrooms, 8.5 Baths, and 5 Fireplaces on 4 Finished Levels of Luxury
• 2 Story Foyer with gleaming chandelier, embassy great room and private office with wet bar
• Gourmet Chefs Kitchen with State-of-the-art stainless-steel appliances. Jenn Air 6 Burner Stove with special Monogram hood, Subzero Fridge & Refrigerator, 2 Bosch Dishwashers, Monogram microwave/convection oven, soft close cabinets, additional Service sink in the island
• Separate Breakfast area with French doors leading to the deck
• Huge master suite with separate sitting room, wet bar and custom closets. Separate his & hers water closets in the expansive master bathroom oasis.
• 4 generous bedrooms with en-suit baths
• In law / guest suite complete with a private entrance, full kitchen and sitting room
• 2 laundry areas
• Second Kitchen with brand-new stainless-steel refrigerator and dishwasher
• Ballroom style basement perfect for entertaining
• 2 additional bedrooms and bathrooms on basement level
• Expansive backyard with gorgeous pool and patio with built in ceiling fans
• Newly installed Elevator

Online Auction Ends
Wednesday | Dec, 15 2021 | 2:00 PM

Online Registration Process

Requirements to Bid Online: www.PrimeAuctionSolutions.com

• • Click the 'Current Auction' Page from the top menu, then select the Potomac Real Estate Online Auction
  • Click the gold 'Bid Online Now' Button
  • Step 1- Click the gold 'Register to Bid' button
  • Step 2- Create an Account or Sign in for existing users
  • Step 3- Complete the Online Auction Registration form for pending approval status
  • Step 4- Provide proof of funds/ $75,000 Registration Deposit – Refundable if not the high bidder.
    Auction Registration Deposit:
    $75,000 Wire transfer to the Prime Auction Solutions Escrow Account (Account details under the Documents Tab, Bidder responsible for all bank fees. download the wire details in the Portal. Registration Deposit – Refunded if not the high bidder)
    
    Or - $75,000 Cashier’s Check made out to Prime Auction Solutions
    (Cashier’s Check should be made out to Prime Auction Solutions. Checks can be dropped off at 6820 Elm St. McLean, VA 22101. Receptionist Hours: Mon - Fri 9 am to 5 pm. Please contact our office to arrange your drop off. Registration Deposit – Refunded if not the high bidder)

Or - Bank Letter of Credit/Proof of Funds

• • Step 5- Email Inquiry@PrimeAuctionSolutions.com informing us of your deposit method.
  • Once all items have been received and verified, your bidding privileges will be activated.

IMPORTANT INFORMATION
Registration & Verification: All bidders must agree to The Auction Terms & Conditions of the Online Auction Sale prior to bidding. The Auction may be updated, withdrawn, or modified without notice at any time. Bidding privileges are provisional beyond the online process, as we may require voice verification, request for additional documents to verify identity and liquidity to close.
Closing Terms:
10% Deposit, 30 Days Cash Closing Or 15% Deposit, 45 Day Cash Closing
The Property is sold in As-Is Where-Is with no warranties or guarantees of any kind. Buyer pays all closing costs.
No Contingencies- This Auction sale is a cash transaction sale and not contingent nor subject to an appraisal, financing, study period or inspections of any kind, as specified and agreed to by the bidders at registration prior to bidding.
Deposit:
The 10% Deposit/30 Day Close or 15% Deposit/45 Day Close, of the contract price is due on Auction Day, upon confirmation of the high bid and signing of the contract, following the end of the Auction. Full Contract Balance due at Closing, 30-45 Days of Auction Day.

• Premium: 10% Buyers Premium + Final Winning Bid = Contract Price
• Property sold in As-Is Condition, and is not contingent upon buyer's property inspections, financing, appraisal, permit, study period or other investigations.
• Agents & Broker Participation: 2% of settled purchased price will be paid to the properly registered broker at closing. If you have been working with an Agent, the Realtor Representation form must be completed for their brokerage to be compensated. Call 703.889.8949 or email Inquiry@PrimeAuctionSolutions.com to obtain a copy of the form. Forms must be completed and submitted no later than 5 pm EST on 12/14/2021, and all terms adhered to.
• Agency Disclosure: Auctioneer & the Agent represent the Seller
• Title: At Closing, Seller will provide a Marketable Title. Bid with confidence

Property Preview & Inspection Dates
Sunday, Nov 21st 1:00 pm - 3:00 pm
Sunday, Nov 28th 1:00 pm - 3:00 pm
Sunday, Dec 5th 1:00 pm - 3:00 pm
Sunday, Dec 12th 1:00 pm - 3:00 pm

Visit www.PrimeAuctionSolutions.com or download the Prime Auction Solutions App from your App Store for Online Bidding from anywhere using your smartphone.
Please contact Anne Nouri for additional information & Broker Participation Form - 703.889.8949

How Do I Bid?

Bid ONLINE on the Prime Auction website. Or download the free Prime Auction Solutions App to your smartphone with the appropriate links below or through your App store.

To Bid on the Prime Auction Solutions Website from your Web Browser Click Here to Sign In / Sign Up

OR Download the App for iPHONE - Click Here
OR Download the App for ANDROID - Click Here
NEED HELP BIDDING? Call us at 703.889.8949.

Auction License # 2908000975
Terms: Online Only Auction, 10% Buyers Premium will be added to the final bid, to become the contract price. Property sold as-is, with no contingencies. 10% Deposit/30 Day Close or 15% Deposit/45 Day Close of contract price is due Auction Day, 30 days Cash Closing. Buyer pays all closing costs. Property sold as is where is, potential bidders should inspect the property prior to bidding. Not responsible for typographical errors and omission
Notice: Information used for the advertising of this property may not be accurate as descriptions, measurements figures and drawings are approximate and have been compiled from non-verified sources. Photography online and in print may have been digitally enhanced. We ask that each Bidder conduct their own due diligence and are not to rely on any information provided by the auction company, its agents & subagents, the Seller or their representatives as Prime Auction Solution and Keller Williams have not verified any of the information and are not responsible for any errors, typos or omissions. Information contained herein are subject to change. If you come across any errors, please notify us immediately.