Buy It Now! $300,000 - "Ocean City, MD"

4 Bedroom / 4 Bath Detached Home
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Listing Details

Sold Price
$300,000
Auction Date
Auction Time
12:00 PM
Address
304 33rd Street, Unit D12, Ocean City, MD, 21842
County
Worcester County
Neighborhood
Ocean City
Please click the above link to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive inspection instructions via email. Inspection requests are normally answered Monday-Friday 9 am-4 pm.
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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Sarah Vitsick Schabes, Attorney
Schabes Law Group, LLC
2650 Quarry Lake Drive - Suite 160
Baltimore, MD 21209

★ ABSOLUTE ★
ESTATE AUCTION
To the Highest Bidder Above $300,000

OCEAN CITY, MD

4 Bedroom ◆ 4 Bath
DETACHED BEACH HOME
With 4-Car Parking Pad

Sale On Premises
304 33RD STREET #D12
Opposite Isle of Wight Bay
Worcester County, MD 21842

WEDNESDAY, DECEMBER 28, 2016
AT 12:00 NOON

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, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
304 33rd Street #D12 is located on the bay side of Ocean City, one block west of Philadelphia Avenue (Coastal Highway, MD-528), along Isle of Wight Bay and two blocks west of the Atlantic Ocean. Major beach entertainment venues and attractions, restaurants, bars and shopping are within walking distance. Public bus transportation is along MD-528. Nearby public schools are Ocean City Elementary, Berlin Intermediate, Stephen Decatur Middle and Snow Hill High.

The home is located within Sandpiper on the Bay Condominium, a thirteen lot single family home subdivision bounding Isle of Wight Bay. Each lot is individually owned, twelve of thirteen have homes. A private roadway leads north from 33rd Street to the homes and constitutes the common element of the condominium regime. Rentals of less than six months are not permitted in Sandpiper on the Bay. Please see the Condominium Resale CertificateCondominium Declaration, First Amendment, Second Amendment and Plat for additional information and check back for updates. Annual condominium fee is $337.

SITE:
Level lot, approximately 53' x 100', comprising 5,024 square feet or 0.12 acre of land
Public water and sewer, gas, electricity, telephone, cable
Partial water view of Isle of Wight Bay
4-car concrete parking pad
Rear paver patio and fenced yard
Zoning B1

IMPROVEMENTS:
Two story detached home, constructed in 1998 and containing 2,224 square feet of living area, according to published tax records.

Exterior
Vinyl siding
Vinyl-clad double-hung windows
First and second floor sun decks
Composition shingle roof

First Floor

  • Living Room - gas fireplace, vinyl floor, ceiling fan
  • Dining Room - vinyl floor
  • Kitchen - vinyl floor, white cabinets, laminate counters, electric range/oven, dishwasher, refrigerator, ceiling fan, pantry
  • Bedroom #1 - vinyl floor, en-suite Full Bathroom, walk-in closet, ceiling fan, exit to deck
  • Bedroom #2 - vinyl floor, en-suite Full Bathroom, walk-in closet, ceiling fan, exit to deck
  • Linen Closet
  • Storage Room/Laundry - vinyl floor, washer and dryer

Second Floor

  • Bedroom #3 - carpeting, en-suite Full Bathroom, ceiling fan, large closet, exit to deck and water view
  • Bedroom #4 - carpeting, en-suite Full Bathroom, ceiling fan, large closet, exit to deck and water view

Mechanical
Gas forced air heat and central air conditioning
Gas water heater

Cosmetic repairs are needed.

TITLE:
The property is in fee simple and sold free and clear of liens. Worcester County Deed Liber 5257, folio 109.

TAXES:
Published annual real estate taxes for 2017 are $5,472.95, based on a full value assessment of $385,500. Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A $30,000 deposit, payable by 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 within 24 hours at the Auctioneer’s office. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or 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 contract to date of settlement. All adjustments, including taxes, condominium fees, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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, and subject to the Declaration and Bylaws of the Sandpiper on the Bay Condominium. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive any right of rescission under Maryland Condominium Law, having received the condominium documents in advance of the auction. 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 except where otherwise mandated by local, State or Federal law. Time is of the essence.

No buyer’s premium.

Auction by order of the Personal Representative of the Estate of Julie L. Tewey