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PUBLIC WATERFRONT REAL ESTATE AUCTION
Premier East Coast Property
SOLD FOR $8,748,000.00.
344 Acre +/- Waterfront Farm on the St. Martins River & Assawoman Bay in Bishopville, Maryland
April 29, 2006 at 2:18 PM - ONSITE!
Property consists of 3 parcels including a 246.7 Acre +/- Waterfront Farm, a 91 Acre +/- Waterfront Farm and a 6 Acre +/- Lot.
Real Estate Preview: Sunday April 2nd 2 - 4, Saturday April 15th 2 - 4 & Sunday April 23rd 2 - 4 PM
Addendum:A recently completed survey has shown that Worcester County Taxmap 10 Parcel 28 is 246.7 Acres +/- versus the 315 that was described in the Worcester County Deed Reference FWH Liber 204 Folio 504-506 and Worcester County Assessment records pertaining to the parcel. This brings the total farm size to 344 Acres +/-.
Directions:Rt. 90 in between Berlin and Ocean City is re-opening Friday March 31st. At the intersection of Rt. 50 and Rt. 90 just West of Berlin Md. merge onto Rt. 90 and follow for Approx. 9.5 miles to a traffic light at Rt. 368 (St. Martins Neck Rd.) on the Isle of Wight. Turn left onto St. Martins Neck Rd and follow for 2.3 miles to the 91 Acre Farm on the right. The 246.7 Acre farm & 6 Acre lot will be .5 miles further down on the left. Signs posted.
Auction Day: The Auction will be conducted on the rear of Parcel 28 near the St. Martins River. Auction Personnel & Signs will be posted at the entrance on Parcel 302. Auction personnel will direct you where to park. Representatives from Marshall Auctions will be available on the auction location at 11 AM on the day of the sale. Registration will begin at approximately 12 PM. The auction will be conducted under a tent and will be held rain or shine. Light refreshments will be served. Staff will be onsite on the preview dates listed above. If you would like to arrange a private showing contact the Auction Co.
History of the property: In 1966, this beautiful 406 Acre waterfront farm was deeded to 3 local churches including St Paul's by the Sea of Ocean City Maryland, Zion Church of Bishopville, MD and Salem Church of Selbyville, DE. Lifetime rights to the property were left to Casher & Cynthia Benson, two local farmers, to use and reside on until the time of their deaths. Cynthia passed in 1984 & Casher followed in January of 2005. After consultation, the churches have decided to sell the property and use the proceeds for their respective churches. At the time of their deaths, parcel 28 was only serviced by a 15' right-of-way for means of ingress & egress. The three churches recently purchased & settled on Parcel 302, a 6.32 Acre lot, with frontage on St. Martins Neck Rd. This parcel provides approx. 258' of direct access to Parcel 28. Don't miss the opportunity to own one or both of these premier waterfront parcels. Please make plans to attend.
Description of 91 Acre Farm: (Parcel 37) This spectacular waterfront 91.07 +/- acre farm features frontage on the Assawoman Bay, Goose Creek and overlooks Ocean City, MD. This property is referred to as Worcester County Tax map 10 Parcel 37 and is zoned Rural Residential 1 (R1). This incredible farm is located only a few hundred yards from Lighthouse Sound Golf Course and features road frontage on St. Martins Neck & Back Creek Rd.
Terms on Parcel 37: $100,000.00 down day of auction in cash, certified check or check acceptable by undersigned. The successful bidder will be required to increase the deposit amount to 10 percent (10%) of the bid price within seven (7) days of the auction date. Balance to be paid in 75 days. 8 % Buyer premium. Property being sold "as is". Prospective Buyer responsible for inspection, prior to the auction, Auction Co. makes no representation or warranties of any kind. BROKER PARTICIPATION. Brokers wishing to represent a client must contact the Auction Company and register their clients 48 hours prior to the auction. Contact Auction Co. for Complete Details.
Description of 246.7 Acre Farm & 6 Acre Lot:(Parcel 28 & 302) This incredible waterfront 246.7 acre farm features approx. 1 mile of frontage on the St. Martins River, Buck Island Creek & Harry Creek. The farm contains several ponds & small creeks. The property is referred to as Worcester County Taxmap 10 Parcel 28 and is zoned Estate 1 (E1). The property is accessed through Worcester County Tax map 10 Parcel 302. This parcel is 6.32 Acres +/- and featurers approx. 258' +/- of frontage on St. Martins Neck Rd.
Terms Real Estate: $150,000.00 down day of auction in cash, certified check or check acceptable by undersigned. The successful bidder will be required to increase the deposit amount to 10 percent (10%) of the bid price within seven (7) days of the auction date. Balance to be paid in 75 days. 8 % Buyer premium. Property being sold "as is". Prospective Buyer responsible for inspection, prior to the auction, Auction Co. makes no representation or warranties of any kind. BROKER PARTICIPATION. Brokers wishing to represent a client must contact the Auction Company and register their clients 48 hours prior to the auction. Contact Auction Co. for Complete Details.
Contact Auction Company for Additional Details. 410-835-0383
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