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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:email@example.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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