"Ocean City, MD" Oceanfront Condo Unit Fully Furnished - Balcony - Parking - 2 Bedrooms - 2 Baths ABSOLUTE AUCTION Above $250,000

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Listing Details

Sold Price
$255,000
Auction Date
Auction Time
11:30 AM
Address
Unit 309, Oceana II Condominium, 8203 Atlantic Avenue, Worcester County, MD, 21842
County
Worcester County
Neighborhood
Ocean City
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Robin M. Goldman, Attorney
Rob Goldman Legal Solutions
6800-B Holabird Avenue
Dundalk, MD 21222


ABSOLUTE
ATTORNEY'S AUCTION
To the Highest Bidder above $250,000
(Recent unit sales in building range from $341,000 to $440,000)
                                               
OCEAN CITY, MARYLAND


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, JANUARY 24, 2009
AT 11:30 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 & DIRECTIONS:

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.



For directions from your location, visit: MapQuest

 

IMPROVEMENTS

BUILDING:

 The Oceana II Condominium features direct beach access, a swimming pool, key code security doors, elevators 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 $340.
Photos of auction property
BUILDING     POOL     SIGN


UNIT 309:

According to public tax records, the unit comprises 1,200 square feet of living area. The third floor apartment features a pleasant layout and large rooms, including:

Entry Foyer - ceramic tile

Living Room/Dining Room Combination - carpeted, sliding doors to balcony
Photos of auction property
LIVING ROOM/DINING ROOM     BALCONY

Kitchen (open to dining area) - ceramic tile floor, white laminate cabinets, range/oven, refrigerator, microwave, trash compactor (inoperable), disposal
Photos of auction property
KITCHEN     OPEN TO DINING AREA

Master Bedroom - carpeted, walk-in closet, sliding doors to balcony, ceramic tile shower-bath
Photos of auction property
MASTER BEDROOM     MASTER BATHROOM

Second Bedroom - carpeted


Hall Bathroom - ceramic tile


Laundry Room - vinyl floor, washer/dryer


Storage Room - vinyl floor

Mechanical
Electric heat pump
Central air conditioning
Electric storm shutters

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

 

REAL ESTATE TAXES

2008 real estate taxes - $4,033.73

 

TITLE

The unit is sold free and clear of liens; Deed Liber 4870, folio 353.

 

INSPECTION TIME

From 10:30 a.m. on the day of sale.

 

TERMS OF SALE

A $15,000 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 3:00 p.m. on Monday, January 26, 2009 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 fees and assessments, 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.

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Greentree Mortgage Corporation

2 Park Center Court - Suite 200
Owings Mills, Maryland  21117
410-654-3900 direct
410-702-4511 fax
ckessler@loanofficer.com