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J. Michael Holloway, Attorney
Holloway & Sullivan, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202
To the Highest Bidder Above $50,000
One Bedroom & Bath ◆ Deeded Boat Slip
Bayside Canal View
512 ROBIN DRIVE #11
And Boat Slip #7
Worcester County, MD 21842
Online Bidding Opens
MONDAY, MAY 30, 2022
Online Bidding Closes
WEDNESDAY, JUNE 1, 2022
AT 11:00 A.M.
Pursuant to an Order of the Circuit Court for Anne Arundel County, Maryland, passed in the Matter of Frank Mattisz, Case No. C-02-FM-21-4370, the undersigned Guardian will sell at online public auction the above-captioned property.
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.
512 Robin Drive is located off Philadelphia Avenue (MD-528) at 28th Street in Ocean City. The building is situated on a canal leading to Assawoman Bay, approximately six blocks west of the Atlantic Ocean and Boardwalk. Jolly Roger Amusement Park, restaurants, shops and attractions are all close by.
Bayshore Condominium is comprised of three story frame buildings constructed in the late 1960s. Condominium fee is $990/quarter and includes common area maintenance, a boat ramp and typical condominium services. Condominium Resale Package
Unit #11 is located on the second floor, with a canal view. According to public tax records, the building was constructed in 1969 and the unit contains 396 square feet of living area. The unit is believed to contain a living/dining room, galley kitchen, bonus room, bedroom and bath; electric baseboard heat and window air conditioner. Furniture and personal property will remain – the unit will not be cleaned prior to settlement. Sale includes deeded boat slip #7. Condo Unit Plat
The property is sold free and clear of liens. Worcester County Deed Book FWH 656, Page 205.
Published annual real estate taxes are $1,266, based on a full value assessment of $91,300.
Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process – dat.maryland.gov
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by wire transfer or cashier’s check, will be required of the purchaser by 4:00 p.m. on the day of auction at the Auctioneer’s office. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, condominium fees, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the purchaser. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the Declaration, By-Laws, Rules and Regulations of the Bayshore Condominium. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law, and agrees to waive any right of rescission under Maryland Condominium Law, having reviewed the Condominium Resale Package prior to bidding. If the Seller is unable to convey good and marketable title, the purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law. Time is of the essence.
No buyer’s premium.
Terry K. Sullivan, Guardian of the Property of Frank Mattisz