Fenwick Island, DE "Bayville Shores" Nearly New Bay View Beach Home Absolute Auction Above $375,000

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Listing Details

Sold Price
$385,000
Auction Date
Auction Time
12:30 PM
Address
38222 Lookout Lane - Unit 1055, Sussex County, DE, 19975
County
Sussex County
Neighborhood
Fenwick Island, Bayville Shores,
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 $375,000
                                        
FENWICK ISLAND, DE

"Bayville Shores"
An Upscale Resort Community

Nearly New  3 Bedroom  3.5 Bath
BEACH HOME
Bay View Townhouse
Condominium Unit with Garage

Similar Bayville Water View Homes are
Currently Listed for $565,000 and More!

 Sale On Premises
38222 LOOKOUT LANE - UNIT 1055
Off Lighthouse Road (DE-54) - 2.5 Miles West of Coastal Highway
Sussex County, Delaware 19975

SATURDAY, JUNE 14, 2008
AT 12:30 P.M.

LOCATION & DIRECTIONS:

Bayville Shores is one of Sussex County's premier new home communities, featuring resort-style pool and kiddie pool, clubhouse, tennis courts, basketball, volleyball, shuffleboard, playground, community piers, jogging and bike paths.  Developed and built by Coleman Bunting. Jr. and Wahid Akhras, Bayville Shores is convenient to boating, tax-free shopping and Delmarva's best beaches.

Photos of auction property
POOL PHOTO #1     PHOTO #2     PLAYGROUND    
COMMUNITY AREA PHOTO #1     PHOTO #2

The neighborhood is five minutes west of Fenwick Island, Delaware and Ocean City, Maryland.  A newly constructed Harris Teeter gourmet grocery store and Jack Nicklaus Signature Bayside Golf Course are within one mile.

Bayville Shores is within 2.5 hours of Baltimore, Washington and Philadelphia, and about 4 hours from New York.  Rehoboth Beach, Bethany Beach, Assateague Island National Seashore and numerous recreational opportunities are nearby.

Indian River School District



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

Neighborhood web site:
http://www.bayvilleshores.com

 

SITE AREA

Interior lot features direct views of the Assawoman Bay and surrounding marshlands.  This home features some of the best views in Bayville Shores.

Great location within development - opposite pool and clubhouse

Landscaped entry walk from driveway

Irrigation system - operated by Condominium Association

Central sewer and water

 

IMPROVEMENTS

Two story contemporary townhome, constructed in 2002 and known as "The Court" model.  The home is well located within the development, has outstanding vistas from all three levels, and was never used as a rental.

MODEL FLOOR PLAN (pdf)

Exterior
Built-in garage with electric opener and storage
Hardiboard-type cement/fiberglass siding
Architectural roof shingles
Aluminum fascia and vinyl soffits
Andersen vinyl clad windows and sliders
Insulated exterior doors

Interior
Drywall, carpeting, tile flooring
Ceiling fans throughout
Recessed lighting
Cultured marble vanity tops
Ceramic tile baths
Prewired for telephone and cable television

Entry Level
Foyer - ceramic tile

Garage - 13'4" x 22'2"

Bedroom #3 - 16'8" x 11'5" with sliding doors to water view Patio (16'8" x 11'6")

Full Bath

Laundry/Mechanical Room

Second Level
Great Room - 16'8" x 25' with sliding doors to water view Screened Porch (16'8" x 11'6"), living and dining areas
Photos of auction property
GREAT ROOM     SCREENED PORCH

Kitchen - 13'4" x 10', ceramic tile floor, GE stainless steel appliances, Shaker kitchen cabinets with peninsula breakfast bar
Photos of auction property
KITCHEN PHOTO #1     PHOTO #2

Powder Room


Upper Level
Master Bedroom - 16'8" x 13', master bath with double vanity, shower and whirlpool tub, and sliding doors to a private water view balcony 13'3" x 5'8"
Photos of auction property
MASTER BEDROOM     MASTER BATHROOM

Bedroom #2 - 14'8" x 13'4", en-suite shower bath

Mechanical
Gas forced hot air heat and central air conditioning - first and second levels
Electric heat pump and central air conditioning - upper level
Gas, 50-gallon water heater

 

REAL ESTATE TAXES

Annual real estate taxes are approximately $1,037.

 

CONDOMINIUM or HOMEOWNER ASSOC

Annual condominium fee of approximately $3,080 per year ($770 per quarter) includes all recreational amenities - pool, clubhouse, boat ramp, tennis, sports courts, trash pickup, water, sewer and irrigation system.


CONDOMINIUM DECLARATION (154 pages - 5.8 MB)
Note: This is a large file and it may take some time to download.

 

TITLE

In fee simple.  The home is sold free and clear of all liens.

 

INSPECTION TIME

By appointment only or one hour prior to sale.

 

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 on Tuesday, June 17, 2008 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 association fees, 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, and subject to the Declaration, Bylaws and regulations of The Bayville Shores Expanding Condominium and related entities.  Purchaser agrees to waive the any rights of rescission under Delaware law and 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.  Buyers agree to be bound by the restrictions and waive any rights of rescission. Buyers understand that their property will be subject to assessments by the Property Owner’s Association which will be established pursuant to the restrictions and the Association will have the responsibility to maintain all common areas in the development. Buyers understand that they will be required to be members of the Association. Buyer and Seller agree and understand that the Restrictions and/or Covenants may not include all language and/or updates.

NO BUYER'S PREMIUM - or any additional buyer's fee!

Broker participation is invited.
BROKER REGISTRATION FORM