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GONE! Luxury Home Short Sale Auction

Stately Renovated Colonial Home in Coveted Suncrest!


True to its prestigious address, this stately home combines classic architectural elements with the latest amenities & upgrades. More than $400,000 spent on a complete renovation. Appraised at $1.7 million. Suggested opening bid: $700,000!

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 07/22/10 at 7:00 PM CDT
Location: 1230 W. 61st Terrace, Kansas City, MO 64113
INSPECTION
Began: 07/04/10 at 2:00 PM CDT
Ended: 07/04/10 at 4:00 PM CDT
Location: 1230 W. 61st Terrace, Kansas City, MO 64113

INSPECTION
Began: 07/11/10 at 2:00 PM CDT
Ended: 07/11/10 at 4:00 PM CDT
Location: 1230 W. 61st Terrace, Kansas City, MO 64113

INSPECTION
Began: 07/18/10 at 2:00 PM CDT
Ended: 07/18/10 at 4:00 PM CDT
Location: 1230 W. 61st Terrace, Kansas City, MO 64113


True to its prestigious address, this stately home combines the classic architectural elements of the Ward Parkway area with all the latest amenities. Beyond the original beveled leaded glass entry transoms you’ll find a thoroughly modern 6 bedroom, 7 bath home. No expense was spared restoring this spectacular property. Appraised at $1.7 million. Suggested opening bid only $700,000!

 

THE HOME

MAIN FLOOR

Entry: Impressive wide front door w/original beveled leaded glass arched transom and side lights leads into the 2-story entry hall with columns, arches, marble floors, 18 ft. ceiling and grand staircase with oak treads & iron railings. Double-door coat closet and basement/garage entry.

Great Room: At the center of the main floor, connecting entry, kitchen, dining, and gathering room. Original oak floors, heavy crown & base moldings, ornate ceiling fan. Built-in granite-topped corner bar w/cooler and suspended wine rack.

Library/Dining/Hearth Room: Sun-drenched room with multiple uses. Original oak floors, heavy crown & base moldings, built in wall of bookcases, handsome fireplace with brick surround and formal painted mantel, French doors to front yard.

Informal Dining/Gathering Room: Plenty of space for a dining table and sitting area, adjacent to kitchen. Original oak flooring, heavy crown & base moldings, bay window, French doors to carpeted deck, chandelier lighting.   

Kitchen: Rough-hewn travertine tile floor, warm alder cabinetry, hearty 1” granite counters, travertine backsplashes, multiple prep areas, 2 sinks w/pullout faucets, walk-in pantry w/pocket door, counter seating for 6+. Viking Professional stainless steel appliances: 6-burner gas range, double ovens, built-in microwave, oversized side-by-side refrigerator, dishwasher.  Easy access from garage, back staircase, backyard, and main hall. Includes Breakfast Nook for casual dining or morning coffee.

Hall Bath: Granite floor and full shower, ornate console cabinet sink w/granite top.

Powder Room: Granite floor, black pedestal sink & toilet.

Media/Leisure Room: Surround Sound ready for the full entertainment experience. Pocket doors, bay windows, carpet.

Bedroom 2: Light-filled room perfect for house manager, nanny, or long-term guest. Oak floors, bay window w/French doors to backyard, walk-in closet, PLUS laundry room. Bath 2: Travertine tile floor and walk-in shower w/seat & window, ornate corner furniture-style sink w/granite top and medicine cabinet. Easy access to kitchen, back stairs, and garage.

 

SECOND FLOOR

Owners Master Suite: Large 23×16 main room w/double door entry, oak floors, ceiling fan. Spacious adjoining 23×11 sitting room or office w/ lots of windows, built-in bookcases, striking brick fireplace w/handsome painted mantel, ceiling fan. HUGE closet with extensive shelving, ample track and direct lighting, dressing vanity, and French door access to upper deck.

Master Bath: Heated Italian marble tile floor, corner jetted tub w/custom tile surround, his/hers granite & cherry stained alder vanities w/make-up area & TV niche, built-in storage cabinets, private toilet room. HUGE custom tiled double walk-in shower with seating & 5-spray plus rain feature. Double door access to back stairs.

Laundry Room (main): Conveniently located at the heart of the primary bedrooms. Tile floor.

Bedroom 3: Oak floor, crown & base moldings, ceiling fan. Bath 3: Unique tile floor, modern console style vanity w/granite top and glass vessel sink, shower/tub combo w/tile. Closet.

Bedroom 4: Oak floor, crown & base moldings, walk-in closet w/window, ceiling fan. Bath 4: Tile floor, unique half-round console with granite top & dark glass vessel sink, custom tiled shower/tub combo w/glass brick window.

 

THIRD FLOOR

Family Room/Playroom: Windows on 3 sides (including 2 dormers), fireplace w/nice mantel, 2 ceiling fans. Great open space with lots of uses.

Bedroom 5: Dormer and historic quarter-round windows, walk-in closet, ceiling fan. Bath 5: Granite floor and corner shower, pedestal sink.

Bedroom 6: Carpeting, closet, ceiling fan. Bath 6: Tile floor, pedestal sink w/glass vessel sink, tiled shower/tub combo, access to hallway. 

Bonus Room/Bedroom 7: Side dormer window, 2 closets, ceiling fan, easy access to back stairs.

Suncrest…An Address of Distinction

Just moments from the Country Club Plaza, and home to some of Kansas City’s finest residential properties, Suncrest is nestled among the area’s most prestigious neighborhoods. Bounded by the statuary and fountains of Ward Parkway, its tree-lined streets and gorgeous old homes offer character that can’t be duplicated in modern subdivisions.  

 

AUCTIONEER’S NOTE

The extensive renovation of this home began when the housing market supported such projects. While those days will return, our sellers have decided not to wait it out. They understand that the high bidder at the auction may be paying far less than what was has been invested in the home, and they have made the necessary arrangements.  This SHORT SALE auction represents an unprecedented buying opportunity for one lucky bidder!

 

RENOVATION HIGHLIGHTS

With a budget exceeding $400,000, no expense was spared renovating this property and bringing it up the standards of the finest new homes.  Here are just a few of the highlights:

  • New main kitchen ($58,000)
  • New bathrooms throughout ($69,000)
  • New doors & windows ($56,000)
  • New electrical, plumbing & HVAC ($63,000)
  • New flooring & concrete ($31,000)

 

FEATURES & NOTES

  • 6+ bedrooms; 7.5 baths
  • Nearly 7,000 finished sq. ft.
  • 4-car tandem attached garage
  • Completely renovated ($400,000+)
  • Built-in bookcases, niches throughout
  • All Viking stainless appliances
  • Zoned HVAC
  • Security, intercom, and audio systems

 

New to Auction? 4 Quick Tips:

  • Research the property and auction terms at www.CatesAuction.com. Be sure to download the “Property Information Package”. 
  • Attend an open house event to tour the property and talk with auction representatives/agents. 
  • Ask questions. Call toll free 1.877.781.1134 or email Sold@CatesAuction.com. We’ll be glad to help! 
  • Come prepared. You’ll need your driver’s license to bid and your earnest money deposit ready if you are the winning bidder. 

 

3 EASY WAYS TO BUY:

  1. Bid live on-site (registration opens at 6:00pm)
  2. Bid live online (advance registration required)
  3. Make an offer in advance (call us for details)

AUCTION TERMS AND CONDITIONS

REGISTRATION: Registration will begin one hour before the auction. All bidders must provide name, address, phone number, social security number, and a valid driver’s license. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.

DOWN PAYMENT: The successful bidder(s) shall be required to make a 5% non-refundable down payment of the total purchase price at the auction site immediately following the close of bidding.  A $25,000 cashier’s check shall be required to bid and presented at registration unless you have made other arrangements with the Auction Company.  The cashier’s check should be made payable to yourself and then shall be endorsed over to the escrow agent if you are a successful bidder. A personal or business check to bring the balance up to 5% will be accepted.

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: The successful bidder(s) shall execute a purchase agreement at the auction site immediately following the close of bidding. All final bid prices are subject to Seller approval, unless announced otherwise. 

CLOSING: Buyer(s) shall close within 30 days of the auction date. Possession will be delivered at closing.

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, & EASEMENTS: 2010 taxes are to be prorated as of the closing date. Sale of said property is subject to any and all easements of record.

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

BUYER’S PREMIUM: A buyer’s premium of eight percent (8%) shall be added to the high bid and included in the total purchase price to be paid by the successful bidder(s).

BROKER PARTICIPATION: A commission 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.

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. The auctioneer reserves the right to bid on behalf of the Seller up to the Seller’s minimum, if applicable.  All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement.  Property available for and subject to sale prior to auction.

Ward Parkway to 61st Terrace, West to home on North side of the street.

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AuctionServices
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!