GONE! Real Estate Investment Auction


Raised Ranch Duplex. Each unit features 2 bedrooms, laundry hook ups, private decks, large living rooms and kitchens, near the end of a quiet dead end street. This property is the second parcel of 3 being auctioned seperately on this date.

Began: 03/05/11 at 12:30 PM CST
Location: 2503 & 2503 1/2 Race Avenue, Independence, MO 64052
Began: 02/20/11 at 2:00 PM CST
Ended: 02/20/11 at 4:00 PM CST
Location: 2503 & 2503 1/2 Race Avenue, Independence, MO 64052

Began: 02/27/11 at 2:00 PM CST
Ended: 02/27/11 at 4:00 PM CST
Location: 2503 & 2503 1/2 Race Avenue, Independence, MO 64052

2503 Race

Bedroom 2: 11×11; pair of closets, one closet safety shelter, renovations started

Hall Bathroom: 5×8; tub, renovations started

Master Bedroom: 10×15; renovations started

Living Room: 10×20; lots natural light, renovations started

Eat-In Kitchen: 11×13; tiled floor, painted cabinets, Frigidaire electric stove, and tiled back splash

Utility Room 5×11; washer & electric dryer hook-ups, HVAC & water heater access



10×12 Wooden Deck

Large Back Yard

Partially Renovated

100 Amp Service

Armstrong Aire Ultra 5 HVAC


2503 ½ Race

Eat-In Kitchen: 12×13; Admiral smooth surface stove, deck access

Utility Room: 6×13; gas or electric dryer hook up, newer State Select water heater

Living Room: 12×18; hardwood under carpet, lots natural light

Master Bedroom: 12×15; hardwood under carpet, ceiling fan

Bedroom 2: 11×12; hardwood under carpet



Near Move-In Ready

12×14 Wooden Deck

Large Back Yard

Attic Fan

100 Amp Service

Armstrong Aire Ultra 5 HVAC



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.


The successful bidder(s) shall be required to make a 10% down payment of the total purchase price at the auction site immediately following the close of bidding.  Cash, cashier’s check or personal or business check will be accepted for the down payment


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.


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. 


Buyer(s) shall close within 30 days of the auction date. Possession will be delivered at closing subject to any remaining rights of the current tenant(s).


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).


2011 taxes are to be prorated as of the closing date.


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 buyer’s premium of ten percent (10%) or $2,500.00, whichever is greatr, shall be added to the high bid and included in the total purchase price to be paid by the successful bidder(s).


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.


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 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. Advertising may contain pictures of wildlife and other items that are for illustrative purposes only. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). The Property is available for and subject to sale prior to auction.

I-435 to 23rd St (exit 61), east to Sterling, south one blk to 24th, east to Vermont, south to 27th, west to Race, north to home. OR Noland Rd to 35th St, west to Sterling north to Shelly Rd, east to Vermont, north to 27th, west to Race, north to home.

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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!