No Reserve Auction: Beautiful Maintenance Provided Patio Home | Kansas City, MO
Ends: 07/19/18 at 12:30 PM CDT
OPEN HOUSE: SUNDAYS, JULY 1ST & 8TH; 2-4PM
3015 NW 87th Terrace, Kansas City, MO 64154
Exclusive 2BR, 3BA spacious, light-filled patio home w/open plan, high ceilings, & finished basement. New gutters, paint, sump pump, dishwasher, & newer roof. Convenient maintenance-free one-level living. Will sell online, with no minimum bid!
Living Room: (16 x 32) Large, beatiful fire place, crown molding, ceiling fan, large windows, built-ins with pass-through to kitchen, carpeted, open to dining room, access to kitchen and sun room (measurements include the dining room)
Dining Room: Chandelier, window, crown molding, carpet, open to living room
Kitchen: (8×8) Open and sunny, windows above cabinets, GE glass-top electric range/oven, new KitchenAid dishwasher (2017), white enamel kitchen sink, newer garbage disposal (2017), nice wood cabinets with black wrought iron hardware, passthrough above sink into living room, hardwood floor, enters to sun room and laundry room
Sun Room: (10 X 11) Large windows, lighted-ceiling fan, hardwood floor, access to deck
Hall Full Bath: (5×8) Single vanity, stool, shower & tub, carpet
Master Bedroom: (14×18) Box ceiling, ceiling fan, large bay area with 4 windows, large walk-in closet with built-ins, carpet, enters to master bathroom
Master Full Bath: (10×11) Walk-in shower, jetted tub, private toilet, large double vanity, large window above tub, carpet, enters to large walk-in closet
Bedroom 2: (8×14) Box ceiling, ceiling fan, large closet, carpet
Laundry: (6×6) Coat closet, pantry, access to garage and kitchen
GARAGE: (20×22) 2 car garage, single door with remote open, concrete floor, access to attic
DECK: (12×10) Shaded, off of sun room
FINISHED WALK-OUT BASEMENT
Family Room: (15×18) Carpet, 2 large windows, chair rail shelf, enters to full bathroom, den, office, cedar closet and storage area
Cedar Closet: (9×12) 9ft ceiling
Office: (5×10) Large window and glass door to outside, chair rail shelf, carpet
Den: (11×12) Large window, carpet
Full bath: (6×11) Vanity, shower stall, stool, vinyl floor
Storage room: (816sq ft) 9ft ceilings, cement floors, stretches the length of the basement and wraps around the stairs
Maintenance provided patio home
Open ranch plan
3 full baths
10ft ceilings and large windows throughout
Beautiful built-ins & woodwork
Large cedar closet
Newer roof 2014
New sump pump 2018
New gutters 2017 (lifetime guarantee w/transferrable warranty)
New exterior paint 2017
New Trane AC in 2015
First time available
Lots of storage and cabinet space
HOA ($143/mo) includes snow removal, yard sprinklers, grass mowing and trimming
One year home warranty included
No minimum bid!
“ONLINE ONLY” REAL ESTATE BIDDING
AUCTION TERMS AND CONDITIONS
Proper and complete online registration is required to bid. All bidders must provide name, address, phone number, and email address to register. A credit card (MC, Visa or Discover) is required to actually place a bid on the property. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Should a Winning Bidder fail to complete the contract signing process, the required deposit will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Bidders may register prior to, or during the bidding period. At registration bidders are given the option of receiving emails confirming their individual bids and/or when they are outbid.
All bidding in this auction is being conducted online. (If you need assistance placing a bid or prefer to submit a bid in person, please call our office for assistance. 816-781-1134) To place a bid, bidders enter their “maximum” bid and click the “Place Bid” button. Each time that bidder is outbid by another bidder, the system will automatically bid on their behalf at the established bid increments up to their maximum. In the case of an auction with a reserve, if the max bid amount entered is less than the reserve, the system will place the bid at the max amount. Once the system displays that the reserve has been met, then it will advance the bid (by the bid increments) only when the bidder is outbid by another bidder, up to the bidders max. The Auctioneer does not know any bidder’s maximum bid. The system will not advance a bidder’s own bid. Online-only auctions utilize the “Soft Close” feature that automatically extends the bidding time if a bid is received in the last 2 minutes of the published bidding period. The extensions will continue until 2 minutes have lapsed without any bidding activity, at which time the auction is concluded.
A buyer’s premium of ten percent (10%) of the high bid shall be added to that bid and included in the total purchase price to be paid by the successful bidder(s).
Sample calculation — High bid = $50,000
Buyer’s Premium = $ 5,000 (10% of 50,000)
Total purchase price = $55,000
Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.
At the conclusion of the auction the Winning Bidder will receive an email and/or phone call confirming his or her winning bid status. In this or a subsequent email the Winning Bidder will receive a link to sign all documents electronically along with wiring instructions for submitting the required earnest money deposit to the named title company. Should the electronic processes described above be unavailable, alternative arrangements will be made. In any event, the contract signing and deposit payment process must be completed by close of business on auction day. A Winning Bidder whose documents and deposit are not received within the required time frame is subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Cates Auction & Realty auction events. Note that property-specific purchase documents are available prior to the auction end date and any professional reviews of such documents should be undertaken PRIOR to bidding. All final bids are subject to Seller’s reserve, unless advertised otherwise. Any property with a high bid exceeding the Seller’s reserve will be declared “sold” by the Auctioneer. In instances where the seller’s reserve was not met in the auction, the signed contract and accompanying deposit will be presented to the Seller for approval, which shall be given or denied in the Seller’s sole discretion within 5 business days. If approval is denied, all documents and the deposit will be returned immediately.
DOWN PAYMENT (DEPOSIT):
The Winning Bidder shall be required to make an earnest money down payment equal to five percent (5%) of the total purchase price. This deposit must be received by wire transfer (or by certified funds), by close of business auction day. Winning Bidders whose documents and deposit are not received within the required timeframe are subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Cates Auction & Realty auction events.
The Winning Bidder shall close within 30 days of the auction date, unless stated differently in the Purchase Agreement.
EVIDENCE OF TITLE:
Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s).
REAL ESTATE TAXES & ASSESSMENTS:
2018 taxes are to be prorated as of the closing date.
EASEMENTS AND LEASES:
Sale of said property is subject to any and all easements of record and any and all leases.
Cates Auction & Realty Co., Inc. and its representatives are Exclusive Agents of the Seller.
A commission of 3% of the high bid (unless a different percentage is stated in the property’s MLS listing) will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction end date.
DISCLAIMERS AND ABSENCE OF WARRANTIES:
The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). This property is available for and subject to sale prior to auction.
As exclusive agents for the Seller, the Auctioneer has a fiduciary obligation to present any and all offers to the Seller. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all auction terms and be submitted to the Auctioneer on the Real Estate Sale Contract along with the required deposit. Properly submitted offers will be presented to the Seller, who may accept or reject such offer in their sole and absolute discretion.
We hope you enjoy bidding in the online auction!
Video: Beautiful Maintenance Provided Patio Home
I-435 Hwy to MO-152, west on 152, south on North Line Creek Pkwy, east on NW 87th St., north on NW 87th Terrace to home on right.