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DESCRIPTION: Worcester County Tax Map 110, Grid 6, Parcel 3790, Subdivision 13HG, Block 35, Lot A.
Located on the corner of 8th Street and Philadelphia Avenue, this resort hotel is located in walking distance to the world famous Ocean City Boardwalk, shopping, dining and entertainment. With 19 rooms and 3 apartments, the possibilities are endless!
ZONING: R-2 Medium Residential, according to Ocean City Planning & Zoning, 410-289-8855. OceanCityMD.gov
TAXES: Ocean City taxes $4543, according to Ocean City Finance, 410-289-8833. County taxes $8051 and state taxes $1288, according to Worcester County Maryland Real Estate Tax Invoice.
REAL ESTATE TERMS: REGISTRATION: By fax, email, at previews, and hour prior to auction. Photo ID required. Brokers Welcome - please call for details. DATE AND LOCATION OF AUCTION: February 27, 2010 @1PM Off-site. Auction being held at the Grand Hotel, 2100 Baltimore Ave, Ocean City, MD. Special Hotel Packages Available to Registered Bidders! TERMS: $25,000.00 deposit is required auction day in the form of cashier’s check made payable to yourself, to be endorsed to Marshall Auctions upon execution of contract. Pre-registration required for bidding. Deposit will be held in escrow as earnest money for auction contract. NO BUYER’S PREMIUM. All announcements made at the auction shall take precedence over any other information or printed matter. AUCTION CONTRACT: Winning bidders are required to sign a Memorandum of Auction immediately upon conclusion of the auction. Auction contract not subject to attorney review period. CLOSING: Will be on or before 45 days following the Auction Date. Balance to be paid at settlement. Buyer to pay all settlement costs and transfer taxes. BROKER PARTICIPATION: Brokers wishing to represent a client must have their client(s) registered no later than 48 hours prior to the auction. Call for details. DISCLAIMER: All information was obtained from sources believed to be accurate. Auction Company makes no representation or warranties of any kind. Property Sold As-Is. Terms subject to change. Seller is a licensed broker. Units subject to sale prior to auction. Buyer shall verify all information to their own satisfaction prior to bidding. All bids on the property are subject to seller confirmation, unless advertised as absolute, no reserve. FINANCING: Owner Financing Available to qualified buyers. Call for details.
Contact
Auction Company for Additional
Details. 410-749-8092
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