ABSOLUTE AUCTION Above $395,000 "Annapolis - The Residence At Park Place" Beautiful, Luxury Condominium Unit

13485_park5u222_buildingfront.jpg

Listing Details

Sold Price
$400,000
Auction Date
Auction Time
12:00 PM
Address
#222 - 5 Park Place, Anne Arundel County, MD, 21401
County
Anne Arundel County
Neighborhood
Annapolis - The Residence at Park Place
Scroll down for Complete Details, including: property description and Terms of Sale.

 ABSOLUTE AUCTION
To Highest Bidder Above $395,000!

(Purchased New in 2007 for $606,000)
                      
ANNAPOLIS

"The Residence At Park Place"
 

 

Beautiful, Luxury
CONDOMINIUM UNIT

Garage  Swimming Pool  Workout Facility

Sale On Premises
#222 - 5 PARK PLACE
Anne Arundel County, MD 21401

THURSDAY, APRIL 2, 2009
AT 12:00 NOON


        NOTE:  The information contained herein has been obtained from sources deemed reliable and believed to be accurate.  However, no express or implied warranty is made as to the accuracy of these representations.  All dimensions contained herein are more or less.

LOCATION & DIRECTIONS:

Situated off West Street, just minutes from Historic Downtown Annapolis.  Park Place is a spectacular newly constructed luxury high-end complex comprising The Residence At Park Place, The Westin Annapolis, offices, retail stores, restaurants and spas.  The complex has an "Old World" feel with cobblestone streets, fountains and park areas. Some notable tenants include Varauna SalonSpa by Aveda, Vizions Art Gallery, Morton's Steak House, Fado Irish Pub, Carpaccio Tuscan Kitchen, Starbucks, Saucy Shoes, The Papery, Laura Bevilacqua, and more.  Within minutes from the complex is the downtown area of Historic Annapolis featuring numerous restaurants, bars, live music, stores, boutiques, offices, hotels, boating, etc.

Photos of auction property
STREET SCENE #1     STREET SCENE #2     VIEW OF NEW WESTIN HOTEL     AERIAL PHOTO

From Route 50, take exit 24 towards Rowe Boulevard. Stay straight on Rowe Boulevard. towards Church Circle. At Church Circle, take the first exit onto West Street. Turn right onto Park Place.




For directions from your location, visit: maps.google.com

For more on the Residence At Park Place, visit:
http://www.parkplace-annapolis.com/

For more information on Westin of Annapolis, visit:
http://www.starwoodhotels.com/westin/property/overview/index.html?propertyID=1573

 

CONDOMINIUM AMENITIES:


Cobblestone courtyard entry with decorative fountain
Photos of auction property

Reception desk and on-site concierge services (24/7 security for residences and garage areas)
Photos of auction property

Beautiful lobby area with unit owners' library
Photos of auction property
 

Community owners' level featuring:


Outdoor Swimming Pool with sun deck and hot tub
Photos of auction property
POOL PHOTO #1     PHOTO #2

Direct Access Garage

Private dog park, known as "Bark Place"

 

IMPROVEMENTS

Like new unit features crown moldings, 9' ceiling height, quality carpeting, wet sprinkler fire protection system, self-contained gas forced air heat furnace and central air conditioning. The unit contains:

Living room - has an artificial fireplace with heatilator
Photos of auction property

Dining room area

Beautiful Modern Kitchen - with all GE Profile stainless steel appliances (dishwasher, gas range/oven, refrigerator/freezer and Adventium microwave oven), granite countertops, attractive wood cabinetry
Photos of auction property
KITCHEN PHOTO #1     PHOTO #2

First Master Bedroom Suite - walk-in closet, traditional closet, private bathroom (double vanity sink, oversized shower/tub, ceramic tile flooring and wainscot, linen closet)

Second Master Bedroom Suite - walk-in closet, traditional closet, private bathroom has access from bedroom and hallway (oversized shower stall, laundry closet with washer/dryer, linen closet, ceramic tile flooring and wainscot)
Photos of auction property

Garage Parking Space - #287 (additional parking spaces may be available for purchase from the developer)

 

ZONING

MX, mixed use

 

REAL ESTATE TAXES

$8,949

 

CONDOMINIUM or HOMEOWNER ASSOC

$670 per month (includes cable tv, internet, water, use and access to all common areas - $599.00 goes to the condominium association and $71 pays for cable and internet)

 

TITLE

In fee simple; sold free and clear of all liens

 

INSPECTION TIME

By appointment only or 11:00 on the day of the auction.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $25,000 will be required of the purchaser at time and place of sale.  The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement.  Taxes, condominium fees and all other public charges and assessments, payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. Condominium documents are available for inspection at the office of the Auctioneers.  The purchaser waives their right of rescission as provided by Maryland Law. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, "The Residence At Park Place" condominium and "Park Place" condominium association by-laws, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward.  If the Seller is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit.  Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneer. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.

NO BUYERS PREMIUM!

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

 

FINANCING

Call for pre-qualification:
Mr. Craig Kessler
Greentree Mortgage Corporation
410-654-3900 (Office)
410-409-7600 (Cell)
ckessler@loanofficer.com