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					   AU CT ION      Saturday, July 31st 1 PM




   Minimum Bid $75,000
Previously Asking $394,500




                30 Bay Front

           Condominiums
             Ocean City, Maryland
Catering to the active beach lifestyle
in a convenient central
Ocean City location




Saturday, July 31st 1 PM


Community Highlights
•	   Convenient central Ocean City location

•	   Bay front living and only one block to the beach

•	   15 minute car-ride to Assateague Island National Seashore

•	   Four-Season indoor tropical bay front pool

•	   Fitness center with sauna

•	   Billiard room, TV lounge, game room, and activity room




 Home Amenities
•	   2 bedroom and studio units to match your lifestyle

•	   Private balconies to enjoy the sunrise or sunsets

•	   Bay and ocean views

•	   Granite counter tops

•	   Washer and dryers

•	   Stainless steel appliances in 2 bedroom units

•	   Ceramic tile in entry, hall, bathrooms, kitchen, and living room
         property Previews:                                     Properties will be sold through Bidder’s Choice. (In each round of
                                                                 bidding, the winning bidder chooses their favorite property from
       Saturday,	July	3 12-2 PM
                        rd
                                                                the	remaining	inventory.)	The	first	7	units	from	group	A	and	first	3	
       Saturday, July 10th 12-2 PM                             units from group B are guaranteed to be sold at the minimum bid or
        Sunday, July 11th 12-2 PM                                higher,	subsequent	units	will	be	subject	to	seller’s	confirmation.
       Saturday,	July	17th 12-2 PM
                                                                    Choose Your Favorite – Bid Your Price!
       Sunday, July 18th 12-2 PM
                                                                 Unit       Description       Previous Ask        Minimum Bid
                                                                  614       2 Bedroom           $389,500             $85,000




                                                     Group A
                                                                  613       2 Bedroom           $389,500             $85,000
                                                                  602       2 Bedroom           $389,500             $85,000
                                                                  601*      2 Bedroom           $394,500             $85,000
                                                                  515       2 Bedroom           $384,500             $85,000
                                                                  514       2 Bedroom           $384,500             $85,000
                                                                  502       2 Bedroom           $384,500             $85,000
                                                                  415       2 Bedroom           $379,500             $85,000
                                                                  414       2 Bedroom           $379,500             $85,000
                                                                  401       2 Bedroom           $384,500             $85,000
                                                                  315       2 Bedroom           $374,500             $85,000
                                                                  314       2 Bedroom           $374,500             $85,000
                                                                  307       2 Bedroom           $384,500             $85,000
                                                                  302       2 Bedroom           $374,500             $85,000
                                                                  213       2 Bedroom           $369,500             $85,000
                                                                  211       2 Bedroom           $374,500             $85,000
                                                                  202       2 Bedroom           $369,500             $85,000
                                                                  201       2 Bedroom           $374,500             $85,000
                                                                  116       2 Bedroom           $374,500             $85,000
                                                                  115       2 Bedroom           $364,500             $85,000
                                                                  114       2 Bedroom           $364,500             $85,000
                                                                  112       2 Bedroom           $374,500             $85,000
                                                                  107       2 Bedroom           $374,500             $85,000
                                                                  101       2 Bedroom           $369,500             $85,000

                                                                  504          Studio           $228,400             $75,000
                                                     Group B




                                                                 503*          Studio           $228,400             $75,000
                                                                  404          Studio           $223,400             $75,000
                                                                  304          Studio           $218,400             $75,000
               On-line Bidding
                available at                                      303          Studio           $218,400             $75,000
             www.maxspann.com
                                                                  204          Studio           $213,400             $75,000

HOW TO BUY AT AUCTION:
                                                               * Model Residence Includes Furniture

1) Go online at www.maxspann.com and sign up
   for a complete Property Information Package.
2) Preview the Community at the Open Houses.
3)	Attend	the	Auction	and	Bid	Your	Price.
                                                       888-299-1438
                                                  www.maxspann.com
                                                                                  Max Spann Real Estate & Auction Co.
                                                                                  P. O. Box 4992
                                                                                  Clinton, New Jersey 08809
                                                                                  e-mail:auctions@maxspann.com
                                                                                  www.maxspann.com
                                                                                  In cooperation with
                                                                                  The Mark Fritschle Group a licensed
                                                                                  MD broker


Builder’s Close-Out
property Previews:
 Saturday,	July	3rd 12-2 PM
 Saturday, July 10th 12-2 PM
  Sunday, July 11th 12-2 PM
 Saturday,	July	17th 12-2 PM
 Sunday, July 18th 12-2 PM


       Minimum Bids from $75,000 - Previous Ask $394,500



 AUCTION                                                                                                     July 31st 1 PM
                                                                                               Ocean City, Maryland
                                                                                       Auction Location:
                                                                                       Roland E. Powell Convention Center
                                                                                       4001 Coastal Highway (40th Street)
                                                                                       Ocean City, MD 21842

                                                                                       Property Directions
                                                                                       4201 Coastal Highway, Ocean City MD 21842 .
                                                                                       From Washington DC/Baltimore Area: Rt. 50 East over the
                                                                                       Chesapeake Bay Bridge, continue on Rt. 50 East through Easton,
                                                                                       MD & Cambridge, MD continue to follow Rt. 50 – Take bypass around
 Terms and Conditions:                                                                 Salisbury (do not take Business 50) exit off bypass back onto Rt. 50
 Registration: By fax and at open houses                                               East towards Ocean City continue on Rt. 50 East for approximately
 Date and Place of Auction:		Saturday,	July	31st	1	PM	Ocean	City,	Maryland             15 miles to exit for Route 90 East/Ocean City Expressway toward
 Terms of Sale: A 10% deposit of the contract price is required auction day upon       Ocean City N. after crossing the Rt. 90 Ocean City Bridge take right
 execution of the contract. All bidders must be pre-registered and are required        onto Coastal Highway/Route 528 S. Continue for 1 mile to the Makai
 to have a bank cashier’s check in the amount of $10,000. This check should            Condominiums, 4201 Coastal Highway, Ocean City.
 be made payable to yourself and endorsed to Escrow Holder after completion
 of auction. A second check is required in the form of a personal check for the        From North/Philadelphia/New Jersey: Take Rt.95 South into Delaware.
 balance of the 10% deposit. NO EXCEPTIONS PLEASE!                                     In	Delaware	take	exit	4a	for	DE	7	South	toward	Rt.1	/	Dover	&	
                                                                                       beaches. Continue on Rt.1 South toward Ocean City MD. (Signs on
 A 10% Buyer’s Premium will	be	added	to	the	final	bid	and	be	included	in	the	
                                                                                       Rt. 1 Will read to “Delaware beaches, Rehoboth beach, Dewey Beach”
 total contract price. Auctioneer reserves right to deny admittance to any person.
                                                                                       & Ocean City, MD.) Continue on Rt. 1 the entire way to Ocean City
 Auctioneer may alter terms of sale through announcement on Auction Day.
                                                                                       passing	through	all	the	Delaware	beaches.	You	will	enter	Ocean	City,	
 Contract: The successful high bidder will be required to sign a contract of sale
                                                                                       MD at 144th street. Continue straight down Coastal Highway past 44th
 immediately upon the conclusion of the auction with the deposit acting as a           street. The Makai Condominiums will be on your right, 4201 Coast
 down payment (earnest money). This is an Auction Sale and is not subject to an        Highway, Ocean City, MD.
 attorney review period. Contract of sale was prepared by Seller’s Counsel and
 should be reviewed prior to the auction.
 Closing:	Will	be	on	or	before	30	days	following	the	Auction	Date.	Payment	of	
 the	balance	of	purchase	price	by	certified	check	or	bank	cashiers	check.	
 Broker Participation: Invited, call for details.
 Disclaimer: All information regarding the properties for sale are from sources
 deemed reliable, but no warranty or representation is made by the Seller,
 Auctioneer,	Realtor,	Affiliates	or	Employees	of	the	Realtor	as	to	the	accuracy	or	
 reliability thereof and same is subject to errors, omissions, other conditions, or
 withdrawal without notice. Prospective Purchasers must rely solely upon their
 own investigations and due diligence.
 Financing:	Available	to	qualified	buyers.

				
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posted:8/7/2011
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