kansas-city-auction-company

GONE! Riverfront LAND Auction

24 acres with river & road frontage – Seller’s reserve only $75,000!


What an opportunity! 24 acres w/1,237 ft of river frontage right near the approved Horseshoe Bend extension and Hwy 54 interchange. Last listed at $450,000, the sellers have set their reserve at only $75,000 (to cover estate obligations).

LIVE OFF-SITE AUCTION
Began: 04/09/11 at 11:00 AM CDT
Property Location:

299 Golden Rule Road, Lake Ozark, MO 65049


Auction Location: 7127 Old Route 5, Camdenton, MO 65020

Inspections: Saturdays, 3/26 & 4/2; 10-12. An agent/auction representative will be onsite during inspection periods to provide Property Information Packages, offer tours, and answer questions. You may also view the property at your convenience.

Property Highlights:

  • 24 acres m/l
  • Approximately 1,237 feet of gorgeous river frontage
  • Blacktop road to property entrance
  • Gravel/dirt road through property and along river front
  • Excellent location near the new Route 242 (Horseshoe Bend extension & Hwy 54 interchange)
  • Spectacular bluff views of the Osage River
  • Topography includes flat, moderate, steep, wooded and unwooded
  • Former “Golden Rule Resort” site
  • Zoned commercial
  • Private well; access to city water
  • Electric on site
  • City sewer

 

This unique land has MANY possible uses. As the site of the former “Golden Rule Resort” it includes 5 stone cabins, 6-room motel, home & pool – all in need of repair. Options include:

  • Renovated resort
  • Vacation/fishing rentals
  • Private home site
  • Multi-family housing
  • Campground
  • Or just buy right to hold or flip!

 

3 Easy Ways to Buy:

1.       Bid live in person. Auction Location: 7127 Old Rte. 5, Camdenton.

2.       Bid live online. Advance registration required.

3.       Make an offer in advance. Call us for details.

Auctioneer’s Note:

We are pleased to be working with representatives of the Sylvia Vyrsotek estate on this exciting auction. Family members have chosen auction to finally close out the estate and that means a terrific buying opportunity on this desirable tract of land. The location is great, the river frontage is wonderful and the views are magnificent! Bidding will start at the reserve of only 75,000, so come name your price!

Auction Location:

7127 Old Route 5, Camdenton, MO 65020

Directions: Highway 5, west on Lake Rd. 5-77 (Harvest Rd.), north on Old Route 5 to end of road

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% 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:

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 subject to any remaining rights of the current tenant(s).

 

EVIDENCE OF TITLE

Seller shall furnish at seller’s expense evidence of title insurability. Cost for the purchase of the title insurance policy is the responsibility of the buyer.  

 

REAL ESTATE TAXES & ASSESSMENTS:

2011 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.

 

BUYER’S PREMIUM:

A buyer’s premium of five percent (5%) 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. 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.

Business 54 (Bagnell Dam Blvd.) to Fish Haven Rd. (B54-19), right on Golden Rule Rd., left at driveway (1st fork in road).

 

DIRECTIONS TO OFF-SITE AUCTION LOCATION:
Highway 5, west Lake Rd 5-77 (Harvest Rd.), north on Old Route 5 to end of the road.

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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!