ESTATE SALE AT
To Highest Bidder Above $50,000!
Sale On Premises
3330 N. LEISURE WORLD BLVD.
"Fairways South At Leisure World"
Montgomery County, MD 20906
THURSDAY, AUGUST 9, 2012
AT 2:00 P.M.
NOTE: The information contained herein has been obtained from sources deemed reliable and believed to be accurate. However, no express or implied warranty is made as to the accuracy of these representations. All dimensions contained herein are more or less.
Fairways South At Leisure World Condominium building is located in the Leisure World community in Silver Spring, Maryland. The community is in close proximity to Rockville, Metro subway stations, numerous shopping centers, restaurants and activities.
For directions from your location, visit: maps.google.com
The following is a reprint from the Leisure World web site:
"Leisure World of Maryland is a private, age-restricted adult community located in Montgomery County, Maryland.
The Community was started in September of 1966 and encompasses a fenced, 610-acre parcel, with entry limited to residents and guests by using any of the three staffed gatehouses.
There are approximately 8,500 people residing in Leisure World, which is sub-divided into 29 housing associations, referred to as Mutuals.
The Community amenities, which are held in Trust for benefit of the residents, include an 18-hole golf course, two clubhouses, indoor and outdoor swimming pools, tennis courts, dining facilities, bus transportation (within the Community and to outside shopping centers), a medical center with pharmacy, and full maintenance services. A complete listing of amenities and services, along with other information about Leisure World, can be found throughout our Community Web site.
The Leisure World of Maryland Corporation (LWMC) manages the individual housing associations, as well as the Trust. There are approximately 220 full-time and part-time employees at Leisure World, who make this all possible."
Link to the Leisure World web site:
For The Fairways South At Leisure World - Rules and Regulations:
Desirable first floor unit with view of the front pond, known as Unit #5-122 (or unit 122), arranged as follows:
$1,216 per year
$467 per month - includes water, basic cable television, common area and building maintenance, elevators, meeting room, party room, building services including lawn maintenance, custodial services, snow removal, trash removal, water, master insurance policy, road maintenance and access to the Leisure World amenities.
In fee simple; sold free and clear of all liens
1:00 p.m. on the day of the auction only. Pre-Registration with the office of the Auctioneer is required. Deposit check must be shown to gain access to Leisure World and then access into 3330 Leisure World Boulevard on the day of the auction sale.
Deposit payable by certified or cashier's check of $5,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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. Taxes, condominium fees and all other public charges and assessments, payable on an annual basis, including 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. Condominium documents are available for inspection at the office of the Auctioneers. The purchaser waives their right of rescission as provided by Maryland Law. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, the "The Fairways South at Leisure World" association by-laws, restrictions or covenants of record affecting same, if any. Purchaser assumes 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. 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. The purchaser(s) agree to pay Leisure World Of Maryland Corp. at the time of settlement the following fees: $350.00 Membership Transfer fee, 2% of the Gross Sales Price or $500.00 (whichever is greater) as contribution to the resale improvement fund. Time is of the essence. NO BUYERS PREMIUM!
Theodora McGeoghan, Personal Representative for
the Estate of Philip P. McGeoghan
Pre-Registration is required in order to gain access to Leisure World and the auction property. In addition to pre-registration, your deposit check must be shown to gain access to Leisure World and then access into 3330 Leisure World Boulevard on the day of the auction sale.
Online pre-registration is now closed.