|General Information: PUBLIC AUCTION
BEAUTIFUL CONDO/TOWNHOUSE WITH BOAT SLIP
IN WEST OCEAN CITY, MARYLAND
SATURDAY, JUNE 3, 2006
Location: 12954 E. Hopetown Lane, Marsh Harbour, West Ocean City, Maryland. From the intersection of Rt. 50 and Golf Course Road in West Ocean City, travel south on Golf Course Road (past Royal Farms) for approx. 0.6 mile. Proceed straight on road (do not bear left onto Harbor Road) and turn left onto Swordfish Drive. Turn right into Marsh Harbour and take immediate left onto E. Hopetown Lane. Condo will be approx. 0.1 mile on right (Signs Posted).
Inspection: Tuesday, May 23 from 4:00 to 5:30 P.M., Sunday May 28 from 2:00 to 3:30 P.M., and Tuesday, May 30 from 4:00 to 5:30 P.M.
This beautiful 3 BR/2.5 BA condo/townhouse (Unit B5) in the quiet and secluded private community of Marsh Harbour is identified by the Maryland Department of Assessments and Taxation on Map 27 Parcel 654 Subdivision 1247 Lot B5 and is further described in the Land Records of Worcester County in Liber SVH 3048 Folio 444. The condo has three levels and vinyl siding on the exterior. The first level of the condo features a large two car garage with workshop. The second level of the condo features a sitting room, ½ bathroom, kitchen with like-new Whirlpool appliances and recessed lighting, dinette area, large livingroom with hardwood floor and gas fireplace, and rear balcony. Access to the rear balcony is granted from the dinette area and livingroom. The third level of the condo features a large master bedroom walk-in closet, master bathroom with his/her sinks and large shower, 2 bedrooms, bathroom, utility room with washer and dryer, front balcony, and rear balcony. Access to the front balcony is granted from one bedroom and access to the rear balcony is granted from the master bedroom and one bedroom. The condo also features ample closet space, ceiling fans, central air, and forced air heat. (Annual County Tax-$4,110; HOA Fee-$3,200)
A separately deeded boat slip (#24) in the community’s marina will be included with the sale of the condo. The boat slip is identified by the Maryland Department of Assessments and Taxation on Map 27 Parcel 654 Subdivision 1247 Lot 24 and is further described in the Land Records of Worcester County in Liber SVH 3048 Folio 444.
Marsh Harbour is a private community nestled just off of Rt. 50 in West Ocean City on the Sinepuxent Bay. Community amenities include an outdoor pool, clubhouse, fitness center, and marina. Marsh Harbour offers the finest in beach living in a comfortable and quiet private community. If you’re looking for a condo or beach house in Ocean City, do not miss this auction!
Terms: $40,000.00 non-refundable down payment in the form of Cash, Certified Check, or Cashier's Check made payable to Jos. C. O'Neal & Sons. Balance to be paid within 45 days when a good and marketable deed will be given. Credit portion to bear interest at the rate of 0% per annum from the date of sale to date of settlement, and to be secured to the satisfaction of the undersigned, or to pay the full purchase price at the time of sale, at the option of the purchaser. If not settled within 45 days, interest shall be charged at the rate of 15% per annum from the date of sale to the date of settlement. In the event settlement does not occur within 65 days of the sale, the property shall be considered forfeited and resold at the expense and risk of the purchaser. Time is of the essence. State and County and municipal taxes and assessments to be adjusted as of the date of the sale. Purchaser & Seller will equally share all State & County transfer taxes. All title papers, documentary stamps, recording costs and any and all other costs which shall be deemed necessary to transfer the title of the property and put the deed on record shall be at the expense of the purchaser. In the event a good & marketable title cannot be delivered the seller(s) shall have 90 days to correct the flaw. If the flaw is not corrected the only recourse of the purchaser shall be the return of the down payment and the seller and the auctioneer shall be held harmless. This property is being sold in "AS IS" condition. Neither the sellers nor the Auctioneer shall accept any responsibility for any Municipal, State or Federal Environmental Violations. To our knowledge none exist at this time. A 2.5% Buyer’s Premium will be charged on the final selling price. Seller reserves the right to accept or reject any or all bids, but it is their intent to sell said property. Broker Participation invited. Brokers must have clients registered 48 hours prior to auction. Contact our office for complete details.