"Bethany Beach, DE - Sea Colony East" High-Rise Apartment Condo Unit 3 Bedrooms, 2 Baths, Furnished

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Listing Details

Sold Price
$610,000
Auction Date
Auction Time
11:30 AM
Address
708 Island House, Bethany Beach, DE, 19930
County
Bethany Beach
Neighborhood
Sea Colony East
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Howard B. Miller, Attorney
SAUL EWING LLP
500 E. Pratt Street - Suite 900
Baltimore, MD 21202

ESTATE AUCTION
                                       
BETHANY BEACH, DE
“Sea Colony East”

- OCEANFRONT -
HIGH-RISE APARTMENT
CONDOMINIUM UNIT
3 Bedrooms ♦ 2 Baths ♦ Furnished

Sale On Premises
708 ISLAND HOUSE
Off DE Route 1, 19930

SATURDAY, OCTOBER 22, 2011
AT 11:30 A.M.


   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:

Sea Colony East is an apartment condominium complex situated along the Atlantic Ocean, south of Downtown Bethany Beach, Delaware.  Conveniently situated off DE Route 1, Sea Colony is within walking distance of restaurants, shops, the Bethany Beach Boardwalk and Town Center.  Island House is the southernmost apartment tower in Sea Colony East, providing unobstructed views of the beach and coastline.  Community amenities include private beach facilities, swimming pools, shuttle, tennis and recreational centers.

maps.google.com


For more information, see the following links

Sea Colony Activities & Amenities Map (pdf)

www.seacolonyrecreation.org

www.townofbethanybeach.com

 

IMPROVEMENTS

BUILDING:

Built in 1980

Concrete construction

9 Floors

2 Elevators

Reserved parking for one car and permit parking for additional vehicles

Pool


UNIT:

Corner location

1,120 Square Feet

Foyer - ceramic tile

Living Room - carpeting 14' x 15'

Dining Room - ceramic tile 10' x 10'

Galley Kitchen - ceramic tile, 7' x 10', dishwasher, refrigerator/freezer, electric range/oven, disposal, breakfast counter

Master Bedroom - carpeting, 15' x 12', and En-Suite Bath

Hall Bath (shower)

2 Additional Bedrooms - carpeting, 9'x14' and 11' x 14'

Balcony - 180° views

Linen Closet

Storage Closet

Laundry with stacking washer/dryer

Separate storage locker on ground level of building.


Mechanical

Trane electric heat and central air conditioning

Rheem electric water heater

Sprinklers


Furniture

Living room furniture

Dining room furniture

Bedroom furniture

Window treatments

Appliances

Lamps, Ornaments, Art

Photos of auction property
BALCONY    VIEW EAST    VIEW SOUTH    VIEW NORTH
LIVING ROOM    LIVING / DINING    DINING AREA    KITCHEN    MASTER BEDROOM - PHOTO #1
MASTER BEDROOM - PHOTO #2    MASTER BATH    BEDROOM #2    BEDROOM #3    HALL BATH

 

REAL ESTATE TAXES

Annual Real Estate Taxes for 2011 were $1,303.04.

 

CONDOMINIUM or HOMEOWNER ASSOC

FEES:

Quarterly Long Term Resident Fee

Quarterly Condo/HOA Fee

Quarterly Beach Long Term Resident Assessment
(above paid to Sea Colony East Phase VII)


Quarterly Long Term Resident Fee

Quarterly Recreation Association Fee
(above paid to Sea Colony Rec. Association)


Total Quarterly Fees 

$    500

735

20



180

528

          

$ 1,963


CONDOMINIUM RESALE PACKAGE:
Click each of the following links to open the document.

Sea Colony Recreational Association

Sea Colony East Phase VII Condominium Association

 

TITLE

Click the following link to open the document:

DEED (pdf)

 

INSPECTION TIME

The unit will be open for inspection at 10:00 a.m. on the date of auction.  No prior inspection.

 

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 11:30 A.M. on Monday, October 24, 2011 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, condominium and homeowners association 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 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 any rights of rescission under Delaware Condominium or Homeowners Association 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.


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)


Auction by order of:
Howard B. Miller and Ronald E. Creamer, Personal Representatives for the Estate of Barbara A. Griffith

 

FINANCING

See our Financing Page for a list of auction-oriented lenders.