ABSOLUTE AUCTION "Ocean City, MD" Contemporary Home 3 Bedrooms & 2 Baths

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Listing Details

Sold Price
$260,000
Auction Date
Auction Time
12:00 PM
Address
311 141st Street, Worcester County, MD, 21842
County
Worcester County
Neighborhood
Ocean City
Scroll down for Complete Details, including: property description and Terms of Sale.

 ABSOLUTE AUCTION
                               
OCEAN CITY, MD


3 Bedroom  2 Bath
CONTEMPORARY HOME

 Sale On Premises
311 141st STREET
Two Blocks West of Coastal Highway
Worcester County, MD 21842

SATURDAY, APRIL 24, 2010
AT 12 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 & DIRECTIONS:

311 141st Street is located in the "Caine Woods" neighborhood of North Ocean City, west of Coastal Highway and about two blocks from the Atlantic Ocean.  Situated in the "Fenwick, Maryland" subdivision, the property is four blocks south of the Fenwick Island Lighthouse and Maryland-Delaware line.  The home is a short walk or bike ride to the beach, boating, fishing and jet skiing on the Assawoman Bay, restaurants, recreational facilities and public transportation.  141st is a quiet residential roadway, with ample on-street parking, large trees, sidewalks and street lighting.  Surrounding properties are mainly occupied by well-kept detached  homes.


The home's North Ocean City location provides good access to US-50 via MD-90 and DE/MD-404 via nearby DE-54 and US-113.  Baltimore, Washington and Philadelphia can be reached in less than three hours.

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

 

SITE AREA

Level lot - 50' x 145'

Mature trees and shrubs

Boardwalk front walkway with lighting

Two-car concrete parking pad

Public water, public sewer, electricity, telephone, cable television

Zoning R-1, residential


SUBDIVISION PLAT (pdf)

 

IMPROVEMENTS

Two story contemporary home, constructed in 1981.


Exterior

Vinyl siding

Composition shingle roof, aluminum rain gutters

Double-glass wood frame double-hung windows

Wraparound front deck

Second floor balcony

Outdoor shower


Photos of auction property
WRAPAROUND DECK - PHOTO #1    PHOTO #2    PHOTO #3


Interior

The home features an easy flowing open floor plan, perfect for relaxing and entertaining.  The property shows well and is available for immediate occupancy.


First Floor


Great Room - wood floors, beamed cathedral ceiling, living area (20' x 15') with bookcase, wood burning fireplace with mantle, dining area (12' x 11') with ceiling fan, coat closet, 3-pairs of French doors to outside deck
Photos of auction property
GREAT ROOM    FIREPLACE    CEILING    VIEW FROM LOFT


Kitchen (9' x 8') - open to great room, ceramic tile floor, wood cabinets with granite counter tops, Frigidare stainless steel refrigerator, gas range/oven and hood, dishwasher, stainless steel sink with disposal
Photos of auction property
KITCHEN - PHOTO #1    PHOTO #2    PHOTO #3


Bedroom #2 (11' x 10') - carpeting


Bedroom #3 (12' x 9') -carpeting
Photos of auction property


Linen Closet


Full Bath - ceramic tile, whirlpool tub, cultured marble counter top
Photos of auction property


Utility Closet

Laundry Closet with stacking washer/dryer


Second Floor


Loft (24' x 9') - carpeting, sliding doors to balcony
Photos of auction property


Master Bedroom (19' x 13') - carpeting, beamed cathedral ceiling, walk-in closet, ceramic tile dressing area, en-suite Master Bath with double sink with granite counter top, large tile shower
Photos of auction property
MASTER BEDROOM    MASTER BATHROOM    MASTER BATH/SHOWER


Crawl Space Attic


Mechanical

Electric heat pump and central air conditioning

Electric water heater

200-ampere electrical service

 

REAL ESTATE TAXES

Published 2009 real property taxes were $2,936.76.

 

TITLE

The property is in fee simple and will be sold free and clear of liens.  Deed Liber 4538, folio 1.  The property is known as Lot No. 6, Block No. 65, on the plat entitled "Plat Revised and Reassembled Plat No. 4 of Fenwick, Maryland", recorded in Worcester County Plat Book EWR No. 1, folio 40.

 

INSPECTION TIME

From 11:00 a.m. on the day of sale or by appointment.

 

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 within 48 hours at the Auctioneer's office.  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, 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.  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.


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Equity Mortgage

2 Park Center Court - Suite 200
Owings Mills, Maryland  21117
410-654-3900 direct
410-581-5814 fax
ckessler@equitymortgagelending.com