400 Main St., Bar Harbor, ME 04609

Real Estate Foreclosure Auction 20-175 (15) Condominium Units

Real Estate Foreclosure Auction 20-175 - (15) Condominium Units - Selling as an Entirety - Compass Harbor Village Condominiums - BAR HARBOR, MAINE - Auction Date: Friday, October 23, 2020 at 11AM on Premises - The above stated price is the tax assessed value and just a place holder. The lender reserve the right under Maine law to bid at the foreclosure sale. - Location: Compass Harbor Village has an excellent and convenient location is off Main Street, and is only 1 mile from the Village Green in the heart of downtown Bar Harbor. The complex abuts Acadia National Park and has easy access to the Compass Harbor and Schooner Head Trails. Jackson Laboratories is located just a quarter mile from the property. The main road through the complex is called Compass Harbor Lane, which accesses (9) of the auction units. It has two entrances with one being off Main St. and the other one is off Schooner Head Rd. There are (6) remaining units of which (3) are accessed via Lily Way that is off Lower Main Street, and (3) that are accessed via Linden Lane off from Schooner Head Road. - Real Estate: Consists of (15) condominium units located at the Compass Harbor Village Condominiums. The project has a total of (24) units of which (9) units have been sold to individual owners. The remaining inventory of (15) 1-bedroom/1-bath units will be sold as an entirety to one bidder subject to the condominium declaration. There are currently (13) rented units with monthly rents ranging from $825 to $995. The unit sizes range from 420 +/-SF to 607+/-SF and are all one level. There (11) auction units located within (3) buildings that house multiple units, and then there are (4) individual stand-alone cabins. The entire project is sited on a 3.64+/- acre parcel with frontage on Lower Main St. (Rt. 3), Schooner Head Rd., and Garden Way. Amenities to the site include swimming pool, small clubhouse, laundry, lawn areas, and storage lockers. Reference Tax Map 115, Lot 24, Sub Lots 1 thru 3, 5, 10 thru 12, and 16 thru 23. - Inspection: Friday, October 16, 2020 from 10AM-1PM. Showings will be scheduled in 60 minute intervals. Contact Auctioneer's office to schedule an appointment time for showing. Proper distancing, group size, and health and safety precautions will be followed. - Directions: Heading into Bar Harbor on Rt.3, travel to the junction of Mt. Desert St. and Main St. at Village on the Green. Turn right onto Main St. and follow 1.1 miles to property on the left. - Terms: A $50,000 deposit (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc. (deposited with the Auctioneer as a qualification to bid), with balance due and payable within 30 days from date of auction. The property will be sold by public auction subject to all outstanding municipal assessments. Conveyance of the property will be by release deed. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction #20-175. Our 48th Year and 8,279th Auction.