Patterson-Schwartz Real Estate14409 Lighthouse Avenue #1, Ocean City, MD 21842-4331 $125,000
Interior Sq. Ft: 864
Acreage:
Age:40 years
Style:
Traditional
Subdivision: None Available
Design/Type:
Unit/Flat/Apartment
Description
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Online pre-bidding will open on January 4, 2025, at 10:00am EST and ends Thursday. January 9, 2025, starting at 10:00am. Live bidding is also available and will be held at the Fenwick Inn on Thursday, January 9th, on the top level, located at 13801 Coastal Hwy, Ocean City, MD 21842. There will be both online bidding and live bidding. You can place bids online or attend the live auction. Each condo unit is scheduled to start closing in 20- minute intervals; with Unit 1 starting to end at 10:00am. The live auction will need to follow the online bidding clock schedule. Unit 2 is scheduled to start ending at 10:20am; and so on. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the online bidding extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out. Pre-registration for the live bidding starts at 9:30am; Live bidding starts promptly at 9:55am. A certified check for $7,500 or wire transfer is required as proof of deposit per condo unit you plan to bid on and purchase. A credit card deposit will not be allowed if you plan to bid live. No exceptions! A great opportunity to purchase a 2 Bedroom Condo Unit Located in the Lighthouse Point Villas in Ocean City, MD. Note: There will be both online bidding and live bidding. You can place bids online or attend the live auction. Condo Unit Description: Includes 2 bedrooms, a living area with a flat-screen TV, an equipped kitchen, 2-bathrooms (one with a bathtub and the other has a walk-in shower), washer/dryer & ceiling fans. There is a patio with a private entrance on the main level for each villa; that includes a hot tub and space for an outdoor table. The furniture and other personal items in each villa are included with the sale. A seasonal outdoor swimming pool and barbecue facilities are available for all to use in the community, and there are approx. 22 parking spaces. Location: The Lighthouse Point Villas are located in the most northern part of Ocean City, MD. It is just one block from the MD/DE line. The Atlantic Ocean is a short walk at about 3/10 of a mile away. There are numerous restaurants, amusement facilities nearby in Southern Delaware and in Ocean City including the famous boardwalk. Gallery Auction: We are selling 12 Condo Units in the Lighthouse Point Villas. A $7,500 bidding deposit is required for each property that you are the winning bidder. If you only want to purchase one property, you will need one bidding deposit. During the auction, with one bidding deposit you can be the high bidder or winner on only one of the 12 condo units; with 2 bidding deposits, you can be the high bidder or winner on any 2 of the properties. If you are interested in bidding on all 12 condo units at the same time, you would need 12 bidding deposits.
Home Assoc: No
Condo Assoc: $2,279/Quarterly
Basement: N
Pool: Yes - Community
Features
Utilities
Other, Central A/C, Electric, Public Water, Public Sewer
Garage/Parking
Parking Lot
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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This report is a detailed community overview for Ocean City (21842), Maryland.
Community Quick Facts
- Average travel time to work for people in this community: 21
- Average salary of people in this community: $46,876
Community Summary
- Population Density (ppl / mile): 683
- Household Size (ppl): 2.04
- Households w/ Children: 22%
Housing Inventory
- Owned: 3,625 (11.1%)
- Rented: 1,559 (4.8%)
- Vacant: 27,482 (84.1%)
- Total: 32,666
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 2.8%
- Some High School: 5.5%
- High School Graduate: 28.9%
- Some College: 22.0%
- Associate Degree: 8.5%
- Bachelor's Degree: 21.3%
- Graduate Degree: 10.9%
Income by dollar range
Median Income: $55,064
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $713
- One Bedroom: $830
- Two Bedroom: $1,105
- Three Bedroom: $1,412
- Four Bedroom: $3,501
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Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-709-2343
Listing Courtesy of: Alex Cooper Auctioneers, Inc.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 12/27/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
