Waterfront Lot in Canal Corkran in Rehoboth Beach, Delaware
Saturday, 2 Feb, 2008 12:00 PM Selling for Private Seller
Lot 11, Eleanor Lee Lane East, Canal Corkran, Rehoboth Beach, Delaware 19971 Terms: See Below
Tax Map Real Estate
Aerial Pictures of the Property  
General Information: PUBLIC AUCTION



Location: Lot 11, Eleanor Lee Lane East, Canal Corkran, Rehoboth Beach, Delaware 19971. From U.S. Rt. 1 (Highway One) in Rehoboth Beach, travel east on Rehoboth Avenue for approx. 0.3 mile. Turn left onto Church St. and then immediately turn left. Turn right onto Corkran Blvd. and enter Canal Corkran. Turn right onto Eleanor Lee Lane East and property will be approx. 0.3 mile on right (Sign Posted).


12:00 NOON

Preview: Wednesday, January 23 from 4:00 to 5:00 P.M.

Sunday, January 27 from 2:00 to 3:00 P.M.

This beautiful waterfront building lot is situated on the Lewes-Rehoboth Canal in the prestigious Canal Corkran community in Rehoboth Beach. The lot is identified on the Sussex County Tax Map in District 3-34 on Map 13.00 as Parcel 1308.00 and consists of 0.275+/- Acre (12,000+/- sq. ft.) of land. One of the nicest lots in Canal Corkran, the lot offers gorgeous water views with approx. 100 ft. of frontage along the Canal and easy access to downtown Rehoboth and the beach.

Canal Corkran is a partially wooded, canal-front community that features newer custom built, elegant single family homes, as well as innovative duplex designs, luxurious 2 and 3 level water-front townhomes and spacious condominiums. Canal Corkran offers beautifully landscaped common areas and traffic circles as well as many resort-style amenities such as a swimming pool, all in a secluded settting. Located just north of downtown Rehoboth Beach, Canal Corkran’s tranquility is in close proximity to daytime fun on the Rehoboth Boardwalk, or live evening entertainment in town.

Terms: $40,000.00 down payment in the form of Cash, Certified Check, or Cashier's Check made payable to Jos. C. O'Neal, Inc.. Balance to be paid within 30 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 30 days, interest shall be charged at the rate of 10% per annum from the date of sale to the date of settlement. In the event settlement does not occur within 60 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, 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. If the improvements on the property were built before 1976, they may contain lead paint. Purchaser may conduct a lead paint test at their expense prior to the sale. 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 24 hours prior to auction. Contact our office for complete details.

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