No Reserve Auction: Distinctive Strawberry Hill In-Process Renovation Project | Kansas City, KS
Ends: 08/16/18 at 3:00 PM CDT
OPEN HOUSE: SUNDAYS, JULY 29TH & AUGUST 5TH; 2-4PM
208-210 Orchard Street, Kansas City, KS 66101
No Reserve Auction: Distinctive Strawberry Hill In-Process Renovation Project | Kansas City, KS
Handsome two-story Strawberry Hill partial rehab for sale at auction to the highest online bidder regardless of price!
Classic Strawberry Hill 2-story brick building. Zoned residential. Total rehab project has been started w/heavy inside demo & some internal framing done. New windows, single ply TCP roof & 200amp panel. Complete to your specs. No minimum!
THE CURRENT PROJECT* – Single family residence interior remodel with 3 bedrooms, 2 bathrooms, and extra living spaces. (Project is incomplete. See “CURRENT CONDITION” details.)
INTENDED FIRST FLOOR PLAN
LIVING ROOM: 286sq ft, 23ft ceiling, four large windows on north wall, two large windows on east wall, access to stairs, enters into dining room.
DINING ROOM: 273sq ft, 10.5ft ceiling, two large windows on south wall, one large window on east wall, enters into living room and kitchen.
KITCHEN: 124sq ft, 10.5ft ceiling, space for a 36” refrigerator, space for a 30” range, one large window on south wall, enters into hallway.
MASTER BEDROOM: 213sq ft, 10.5ft ceiling, two large windows on north wall, enters into master bathroom.
MASTER BATHROOM: 134sq ft, 10.5ft ceiling, framed out for stand-alone shower, separate bathtub, and private toilet, large window on north wall, enters into master closet.
MASTER CLOSET: 83sq ft, 10.5ft ceiling, one large window on north wall, opens into master bathroom.
HALL BATHROOM: 36sq ft, 10.5ft ceiling, sink, toilet, enters into hallway.
UTILITY ROOM: 97sq ft, two large windows on south wall, enters into hallway.
LAUNDRY: 44sq ft, one large window on south wall, close to back door exit, enters into hallway.
HALLWAY: 121sq ft, 10.5ft ceiling, enters into living room, dining room, master bedroom, kitchen, hall bathroom, utility room, laundry, and back deck.
INTENDED SECOND FLOOR PLAN
LOFT: 478sq ft, overlooks living room below, three large windows on south wall, one large window on east wall, enters to second-story deck, bedroom #2, bathroom #2, bedroom #3, and TV room.
BEDROOM #2: 186sq ft, two large windows on north wall, framing for large double-door closet, and framing for second furnace.
BEDROOM #3: 205sq ft, two large windows on south wall, enters into large walk-in closet.
BATH #2: 63sq ft, large window on north wall, framed out for sink, toilet, and 5’ bathtub, enters into hallway.
TV ROOM: 218sq ft, large window on north wall, two large windows on west wall, enters onto back deck.
* Plans available at www.CatesAuction.com or view on site.
THE POTENTIAL – This property is beautifully and professionally setup to be finished according to the existing floor plans as a single-family residence but with the right re-zoning the potential and various possibilities are wide open!
- Single-Family Residence (current zoning)
- Multi-Family Residence
- Live/Work Space
- Community Gathering Space
- Coworking Space
- Neighborhood Grocery
- Gallery, Dining, Entertainment
- Artist Studios/Artist Space
- Community Market
- Maker Space
- Coffee Shop
- Performing Arts School
- Bed & Breakfast
- Antique Shop
- Floral Shop
- Carpentry Shop
- Education Center
- Gift/Local Art Destination Shop
- Hair Salon
- General Store
- Music Studio/Lessons
- Photography Studio
- And so many more!
- Open, spacious floor plan
- New large, beautiful windows throughout
- Main floor porch and deck (need work)
- Upper floor porch and deck (need work)
- Stunning city view
- New single ply TCP roof
- New 200 amp Panel with 1 GFI outlet next to it as required by the Electrical Permit
- Located on the bluffs overlooking the Kansas and Missouri rivers
- Access to major highways
- Ready to be completed any way you choose!
The restoration for this property has been handled by Dana Blay of DBL Architecture + Inc. The heavy interior demo work of gutting and clean out has been done. Most of the framing for the existing floor plan has also been done. All pre-existing electrical wiring, plumbing, and duct work has been removed but is ready to be hooked-up and wired. The property is zoned R1- Single Family. There are permits for the structural changes, roof, interior remodel and window installation. The balconies need new railings and paint. New front & rear doors should be installed. There is some structural work for the rear balcony needed. The property is in a Historical Environs which means it’s within 500 feet of a historical property. It does not and cannot have any designation which will allow for historic tax breaks.
Strawberry Hill is a culturally rich and diverse neighborhood with a close community and unique history. It’s located on the bluffs overlooking the Kansas and Missouri rivers and close to major highways providing quick commutes throughout the metro. Many of the businesses and residential areas in this community are within walking distance of each other. Strawberry Hill is full of active, community-minded individuals working hard towards preserving, restoring, and revitalizing their neighborhoods.
“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 the greater of $2,500 or 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!
I-35N to I-670W, north on Central Avenue, north on 6th Street, east on Tenny Ave, south on Orchard Street, south to 208-210 Orchard Street on the right.