Absolute Above $250,000 "Ocean City, MD"

Oceanfront Condo Unit - 2 Bedrooms, 2 Baths, Fully Furnished, Balcony, Parking
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Listing Details

Sold Price
$250,000
Auction Date
Auction Time
11:00 AM
Address
8203 Atlantic Avenue, Unit 309, Ocean City, MD, 21842
County
Worcester County
Neighborhood
Oceana II Condominium, Ocean City
Inspection
The property will be open from 10:00 a.m. on the day of sale. See the above link for "Request Access to Property" for inspections prior to the day of the sale.
The property is available to inspect. Please click the above link and return the signed Waiver, Indemnity and Premises Use Certification form to the office of the Auctioneer.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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★ABSOLUTE AUCTION★
To the Highest Bidder above $250,000

OCEAN CITY, MD

2 Bedroom ◆ 2 Bath
OCEANFRONT CONDO. UNIT
Fully Furnished ◆ Balcony ◆ Parking

Known As
Unit 309, Oceana II Condominium
8203 ATLANTIC AVENUE
Corner 83rd Street, Worcester County 21842

SATURDAY, SEPTEMBER 20, 2014
AT 11:00 A.M.

    NOTE:  The information contained herein has been obtained from sources deemed reliable and is believed to be accurate.  However, no express or implied warranty is made or may be inferred from any such representation.  Dimensions and square footage mentioned herein are more or less.  

LOCATION:
Oceana II Condominium is located in north Ocean City, on an excellent stretch of Atlantic Ocean beachfront, within walking distance of restaurants, shopping and public transportation.  Oceana II is an eight-story masonry building with direct ocean frontage, spectacular views and access.  From Coastal Highway (MD-528) turn east on 83rd Street to end.  Additional on-street parking is on 83rd Street.

BUILDING:
The Oceana II Condominium features direct beach access, a swimming pool, key code security doors, elevators, fire sprinkler system, and on-site parking.  Unit 309 has one open parking space.  The building was constructed in 1974 and is well managed by Legum & Norman.  Monthly condominium fee is $395. Please see above for a link to the condominium documents.

UNIT 309:
According to public tax records, the unit comprises 1,248 square feet of living area.  The third floor apartment features a pleasant layout and large rooms, including:

Entry Foyer - ceramic tile
atlantic8203 u309 new hall

Living Room/Dining Room Combination - carpeted, sliding doors to balcony

 

 

Kitchen (open to dining area) - ceramic tile floor, white laminate cabinets, range/oven, refrigerator, microwave, disposal
atlantic8203 u309 new kitchen

Master Bedroom - carpeted, walk-in closet, sliding doors to balcony, ceramic tile shower-bath

 

 

Second Bedroom - carpeted
atlantic8203 u309 new bed2

Hall Bathroom - ceramic tile
atlantic8203 u309 new hallbath

Laundry Room - vinyl floor, washer/dryer
atlantic8203 u309 new laundry

Storage Room - vinyl floor

Mechanical
Electric heat pump
Central air conditioning
Electric storm shutters

The unit is fully furnished, including linens, kitchenware and decorations.

TITLE:
The unit is sold free and clear of liens; Deed Liber 5224, folio 317.

TAXES:
2014 real estate taxes - $3,376

INSPECTION:
From 10:00 a.m. on the day of sale.

FINANCING:
Call for pre-qualification and financing options:

Mr. Craig Kessler
Freedmont Mortgage Funding

50 Scott Adam Road
Hunt Valley, Maryland  21030
410-654-3900 direct
410-702-4511 fax
ckessler@freedmont.com

For a list of additional auction-oriented lenders, see our Financing Page.

For all other information please call 410-296-8440
OR EMAIL info@ajbillig.com

TERMS OF SALE:
A $25,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price by 12 noon Monday, September 22, 2014, at the Auctioneer's office (wiring instructions will be provided or your personal check will be accepted for the increased deposit amount).  Balance to be paid in cash within 45 days.  If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the 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.  All adjustments, including taxes, condominium fees and assessments, including approximately $4,000 special assessment balance for elevator refurbishment payable over two years, all other public charges and assessments payable on an annual basis, and 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.  The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser assumes the risk of loss from the date of sale forward.  The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law and waives any right of rescission under Maryland Condominium Law.   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 Auctioneers.  Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser.  Time is of the essence.

NO BUYER'S PREMIUM.