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GONE! City-Ordered LAND Auction

7 Acre Tract w/Published Reserve only $25,000!


Unusual 7.24 acre parcel platted as a highly desirable residential lot. Part of the upscale Riverchase development, the cul-de-sac location has sweeping bluff views to the river and a great Parkville location. Published minimum bid only $25k!

LIVE ON-SITE AUCTION
Began: 12/21/11 at 12:00 PM CST
Location: 6203 Wall Street, Parkville, MO 64151

Why is the City of Parkville selling this property at auction?

Through the natural course of running a municipality, the City has acquired this property, including a failing private road and unsound home (both of which are being removed prior to sale). The City has no use for the land and does not wish to invest additional public funds.  As a result, the Parkville Board of Alderman has made the decision to use the transparency of public auction to sell the land to the highest bidder over $25,000.

 

Auctioneer’s Note: This is an unusual auction which in turn means an unusual buying opportunity for the general public. The City of Parkville has wisely committed to removing the road and structure for the convenience of the auction buyer. The result is an unprecedented opportunity to purchase 7+ acres of vacant land in the lovely Riverchase development. It will all sell at public auction to the highest bidder over $25,000 on December 21st!

 

FAST FACTS:

  • 7.24 acres m/l (formerly in 7 tracts)
  • In the Riverchase subdivision
  • Road and structure to be removed prior to auction
  • Seller’s published reserve – $25,000
  • Inspections – Dec. 7th & 14th from 12-1
  • Auction date – Wed., Dec. 21st at noon

 

Imagine the Possibilities!

Riverchase is a successful upscale residential development in the city of Parkville. This tract/lot is perched high above Highway 9 and offers breathtaking views in private natural surroundings on a quiet cul-de-sac.  List prices for Riverchase homes have ranged from the mid $200’s to $700,000+.

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 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:

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 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:

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 ten percent (10%) 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.

MO-9 Hwy to Riverchase Lane, north to Wall Street, SE to address.

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