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Real Estate Auction: Custom-Built Home on 4 Acres | Lee’s Summit, MO

Well-Maintained Executive Home in Private Wooded Setting For Sale at Online Only Auction


Stunning 3 BR, 4 BA home on 4 secluded acres. Large kitchen island, custom cabinets, granite counters, travertine tile, main level laundry, 3-car tandem garage. Non-conforming 4th BR used as office. New windows in 2017. 50-yr concrete roof.

ONLINE BIDDING ONLY
Began: 09/12/18 at 12:30 PM CDT
Ends: 10/11/18 at 12:30 PM CDT

OPEN HOUSE: SUNDAYS, SEPT. 23RD & 30TH; 2-4PM.

905 NW Cedar Creek Lane, Lee’s Summit, MO 64081

Real Estate Auction: Custom-Built Home on 4 Acres | Lee’s Summit, MO

Well-Maintained Executive Home in Private Wooded Setting For Sale at Online Only Auction

Stunning 3 BR, 4 BA home on 4 secluded acres. Large kitchen island, custom cabinets, granite counters, Sub-zero integrated refrigerator, Thermador double-convection oven, travertine tile, main level laundry, 3-car tandem garage. Sound-proof sunroom. Non-conforming 4th BR used as office. 2 x 6 construction w/R-30 insulation. New windows in 2017. 50-yr concrete roof. Online-only bidding ends Thursday, October 11th at 12:30 PM.

Open House Events: Sundays, September 23rd and 30th, from 2-4 P.M.

MAIN FLOOR

DINING ROOM: Panoramic views courtesy of eight floor-to-ceiling custom Marvin windows. Single door opens to deck. Unique light fixture, recessed and track lighting, tongue-and-groove wood ceilings, white oak hardwood floors.

GREAT ROOM: Dramatic 26’ natural rock fireplace with gas insert and a built-in Heatilator. Ceiling fan, tongue-and-groove wood beam ceilings, built-in bookshelves, custom leaded-glass windows, pedestrian door to deck flanked by 6’ windows. Connects with kitchen. Italian tile floor.

SUNROOM/OFFICE:  This soundproof sunroom has a built-in bookshelf flanked by coordinating display cabinets with glass-front doors, tongue-and-groove wood ceilings with recessed lighting, as well as track lighting. Eight floor-to-ceiling windows, glass French doors, carpet.

KITCHEN: Custom oak cabinets with under counter lighting and ambient lighting above. Beautiful granite countertops with integrated double sink, Travertine tile backsplash, large walk-in pantry with a decorative glass paneled door and 2 lazy Susans. Gorgeous L-shaped center island with curved granite and breakfast bar offering seating for four. Thermador in-counter 5-burner smooth cooktop. In-wall Thermador double convection oven, Sub Zero integrated side-by-side refrigerator, Kitchenaid dishwasher and in-wall Thermador microwave. Recessed lighting. Built-in desk with glass front cabinet doors, built-in bookshelves. Italian tile floor.

LEVEL 2

OFFICE: Could be used as a non-conforming 4th bedroom. Recessed lighting, one window, white oak hardwood floors.

LAUNDRY ROOM: Pocket door, recessed lighting. Upper and lower cabinets, laundry shoot, ample counter space, tile floors.

FULL BATH: Single vanity, tile shower, recessed lighting, heat lamp, one window. Tile flooring.

BEDROOM 2: Recessed lighting, 2 closets. One window facing south acreage, carpet.

LEVEL 3

MASTER BEDROOM: A true retreat! Eight large windows with a large transom offer panoramic views of the back wooded acreage and allow ample natural lighting. Impressive, soaring ceiling with sloped oak tongue and groove wood planks and recessed lighting. Ceiling fan, additional closet, private make-up vanity. Carpet.

MASTER BATHROOM: Single vanity with marble countertop, his-and-hers closets, a separate toilet and shower room. The walk-in shower has dual shower heads and two bench seats. Aquatic jetted tub, recessed lighting, angled wood beam ceiling, carpet and marble flooring.

BEDROOM 3: Includes a ceiling fan, one window, angled tongue and groove wood beamed ceiling, recessed lighting, two closets, carpet.

FULL HALL BATH: Single vanity, tile shower, recessed lighting, heat lamp, one window. Tile flooring.

HOME FEATURES:

  • Cathedral and vaulted ceilings
  • 1×6 All-heart Redwood siding
  • Custom granite countertops
  • All appliances stay (Sub-Zero and Thermador)
  • 2×6 construction w/R-30 insulation
  • Custom Van DeHey Raleigh 50-yr concrete tile roof
  • Security system (new in ’14)
  • Dual hot water heaters
  • 14×12 red oak deck
  • Newer custom Marvin windows
  • Solid Hemlock doors throughout the home
  • Soundproof sunroom
  • Private 4 acre treed lot w/abundant wildlife
  • Main level laundry with laundry shoot
  • 2 new heat pumps (’14)
  • 1-year home warranty

AUCTIONEEER’S NOTE

The sellers have chosen auction as the simplest, most expeditious method of sale. They have updated and loved this wonderful home and now it’s ready for a new family. This is your opportunity to own this outstanding, custom-built home on 4 wooded acres in Lee’s Summit, MO. Come to an open house on Sunday, September 23rd or 30th, from 2-4 P.M., then make an offer or bid your price in the online only auction ending Thursday, October 11th at 12:30 P.M.!

 

“ONLINE ONLY” REAL ESTATE BIDDING

AUCTION TERMS AND CONDITIONS

REGISTRATION:

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.

 

BIDDING ONLINE:

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.

 

BUYER’S PREMIUM:

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:                                                                                                                       

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.

 

CONTRACT SIGNING:

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.

 

CLOSING:

The Winning Bidder shall close within 45 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.

 

AGENCY:

Cates Auction & Realty Co., Inc. and its representatives are Exclusive Agents of the Seller.

 

BROKER PARTICIPATION:

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.

 

PRE-AUCTION SALES:

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: Custom-Built Home on 4 Acres | Lee’s Summit, MO

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We are Kansas City's oldest and most experienced real estate auction company specializing in accelerated real estate sales in Missouri and Kansas, including Overland Park, Lenexa, Shawnee, Leawood, Kansas City, Lee's Summit, Olathe, Blue Springs, Independence, Liberty, Kearney, Parkville, Smithville, Gladstone, Clay County, Platte County, Jackson County, Johnson County, Wyandotte County, Leavenworth County, Cass County, Lake of the Ozarks, Lake Ozark, Sunrise Beach, Osage Beach, Four Seasons, Shawnee Bend, Miller County, Camden County, and around the Midwest. Kansas City auctioneers with regional expertise!