Notable Maryland Familes Trust the Art of Auctioneering to Us
"Call Us and Consider It Sold!"
1-888-426-0600

ABSOLUTE AUCTION!

PRIME OCEAN VIEW REAL ESTATE IN OCEAN CITY
Remodeled "Cottage" w/6 units & Garage on 50 x 100 lot

Prime Ocean View Real Estate in Ocean City!

SAT. SEPT. 24 @ 10 AM
"Lighthouse Apartments"
104 TALBOT ST.
Ocean City, Md. 21842

Seller says SELL... This property will be SOLD to the highest bidder on Sat. Sept. 24 @ 10AM. Up-dated, Clean, Furnished... Ocean View... Perfect for Re-Development or Retirement/Income/Investment.

The Lighthouse Apartments have provided a comfortable stay for OC vacationers. A short block to the beach, and ocean views from most units. Units: 1 - large three bedroom; 1 - one bedroom; 3-two bedrooms and 1 - efficiency. Baths and kitchens have been recently updated. Private driveway/garage. Satellite Dish. Utilities: Gas & baseboard heat, some central air + window units. Public water/sewer. Furnishings convey.

Preview: Mon. Sept. 12, Tues. Sept. 13, Wed. Sept. 14 from 5 to 7 PM or by appointment (Auction representative will be on site!) OR Fri. Sept. 23 from 5 to 7 PM and 1 hour prior to auction, 9/24/05.

Property Taxes: $4,067 Zoning: C-1 Title: American Land Title Co. Note: No valid annual income statement as units were under construction for remodeling during 2005 and part of "season".

Auction Terms: $50,000 Deposit cashiers check, money order or certified funds "only" at sale; 3% Buyer's Premium; Settle: 30 days.

Broker co-op: 1% of sale price shall be paid to broker who represents successful buyer - Broker "must" pre-register prospective buyer/client with auctioneer NO LATER THAN 5 PM. THURS. SEPT. 22 by completing Broker Co-Op form AND agent "must" accompany buyer/client to auction. Contact: Ann von Forthuber via e-mail: annvonforthuber@yahoo.com or telephone office 1-888-426-0600 or FAX request 410-583-2172 to obtain registration form.

This is a wonderful opportunity for anyone wishing to relocate or retire to Ocean City - Live in one unit, manage/rent others. OR for the savvy builder/developer as this section of Ocean City has become an increasingly popular area of interest for revitalization and redevelopment. The 50 x 100 sq. ft. (+/-) lot is comprised of two separately deeded/taxed lots ("0" lot line), with C-1 zoning. Potential for expansion - Potential to accommodate townhomes and/or condominiums Example: five townhomes with 2300 sq.ft. each and underground parking...new townhomes are currently selling for $1million +..., good investment..., you do the math!

Directions: From Bay Bridge on Rt. 50 East - STAY ON RT. 50 all the way into Ocean City. Right onto Philadelphia Ave., Left onto Talbot, building on left. Sign Posted.
CLICK HERE for a map from MAP QUEST

Disclaimer: All auction property is sold AS IS without warranty expressed or implied. Buyers are encouraged to preview prior to bidding. Contract is not contingent upon financing. Time is of the Essence. Buyer who fails to settle within stated time frame may be declared in default and thus forfeit deposit. Good title guaranteed. Auction firm specializes in "owner" sales and does NOT conduct distress, bankruptcy or foreclosure sales.

Baltimore - Eastern Shore - DC
410-583-SOLD (7653) or 1-888-426-0600

Notable Maryland Familes Trust the Art of Auctioneering to Us "Call Us and Consider It Sold!" 1-888-426-0600

ABSOLUTE AUCTION!

Notable Maryland Familes Trust the Art of Auctioneering to Us
"Call Us and Consider It Sold!"
1-888-426-0600