Absolute Auction Event - 14 Units to be Sold Individually & Regardless of Price

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2-Bedroom Condos: 2 Townhomes & 12 Garden-style in a New Community for Active Adults, Age 55+

JJManning Auctioneers is proud to offer 14 2-bedroom condominiums in "The Fairways," a new community for active adults aged 55+ comprised of 30 garden-style units and 72 townhomes, all offering secure and maintenance-free living. The townhomes are arranged in tasteful neighborhoods and each feature 2 full and 1 half bath. Garden-style units are located in 4 floors of a mid-rise building with elevator services. Each garden-style unit features one-floor living and 2 full baths. Amenities include a clubhouse, pool, tennis and more.

This lovely subdivision is centrally located just east of Haverhill County Club and south of the NH border with easy access to I-495 & I-93, approximately 30 miles from Boston, MA and Portsmouth, NH. Boston is less than 45 minutes away by MBTA commuter rail and Portland, ME is less than 1.5 hrs away by Amtrak's Downeaster service via Wells and Old Orchard Beach. Amenities include a spacious clubhouse with kitchen, library, fitness room and a great room which is the perfect gathering spot for all the social events that take place for residents; tennis court; putting green; bocce ball court; and a beautiful in-ground pool.

Units: 108, 201, 204, 206, 304, 305, 306, 402, 403, 404, 405, 406, 29 & 77

Absolute* Auction: Saturday, October 25, 2008 at 12:00 p.m.
Bid Live On-Site (Look of Signs) or Online
*Selling Individually and Regardless of Price

Open Houses: Sat. & Sun., October 18 & 19 (12pm-2pm)

THE FAIRWAYS: New community for active adults aged 55+ comprised of 30 garden-style units on 4 floors of a mid-rise building and 72 townhomes
LEGAL REFERENCE: Southern Essex County Book 15464 Page 67
RE TAX RATE (2008): $10.52
CONDO FEES: See Property Information Package
AMENITIES: Clubhouse with kitchen, library, fitness room and a great room perfect for entertaining; in-ground pool; putting green; tennis court; and bocce ball court
SITE DESCRIPTION: Professionally designed and maintained rolling landscape with grass and mature plantings surrounded by acres of woods. Winding paved roads lead to each structure in the development with additional paved parking adjacent to the mid-rise building containing garden-style units.
YEAR BUILT: Townhomes, 2005 & garden-style, 2006
BUILDINGS FEATURE: Maintenance free exteriors with vinyl siding, vinyl windows with double-glazed insulated glass, architectural asphalt shingles, large decks, custom detail and many luxury appointments
WATER & SEWER: City
HVAC: Gas fired forced hot air & central air conditioning

Terms of Sale: 10% deposit of which Ten Thousand Dollars ($10,000.00) PER UNIT must be presented in cash, certified or bank check. Remainder of the 10% deposit in wire transfer, cash, certified or bank check by 5pm ET on Wednesday, October 29, 2008. Balance in 45 days. 10% Buyer's Premium. Other terms, if any, announced at the sale.

Online Bidding Terms: Visit http://www.JJManning.com, mandatory 72 hour pre-registration.

Buyer's Broker Terms: 2% Broker Commission Offered. Visit website for details, mandatory 48 hour broker pre-registration.

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JUSTIN MANNING
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