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GONE! Absolute Real Estate Auction – Quinn Trust

Raised Ranch at Lake Lotawana – Sells Regardless of Price


3 BR, 2 BA raised ranch with lake views, 2nd tier lot . Over $19k in 2015 updates incl. New carpet, new furnace, new roof. Fenced/private backyard. Swim dock privately owned by both 50A and 49A. Newer carpet. 1yr. home warranty. No Reserve!

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 03/18/16 at 12:00 PM CDT
Location: 50 A Street, Lake Lotawana, MO 64086

OPEN HOUSE: SUNDAYS, 3/6 & 3/13; 2:00PM – 4:00PM

 

3 BR, 2 BA raised ranch with lake views, 2nd tier lot. Over $19k in 2015 updates incl. new carpet, new furnace, new roof. Fenced/private backyard. Swim dock privately owned by both 50A and 49A. Newer carpet. 1yr. home warranty. No Reserve!

 

MAIN LEVEL:

Living Room: (24×14) Hardwoods, new ceiling fan, windows on 3 walls

Dining Room: (10×8) Carpeted with one window

Kitchen: (12×6) Laminate tile floor, Frigidaire refrigerator w/built-in icemaker, Roper electric oven/range, GE above-the-range microwave

Bedroom 1: (10×9) Carpeted (New), window on one wall

Hall Bath: Tile floor, single vanity, shower/tub combo, updated

Bedroom 2: (13×10) Carpeted (New), windows on two walls

Garage: (20×12) Single car space with new garage door opener, built-in shelving

 

LOWER LEVEL: (walk-out)

Bedroom 3: (20×10) Tile, large double closet. Could be used as additional living space.

Full Bath: Tile floor, single vanity, shower

Laundry Room/Utility Room: (10×8) Washer dryer hook-ups, new Lennox furnace, newer State Select hot water heater, GE 200 amp service

 

FEATURES:

Lake living

New roof (2015)

Newer Lennox furnace (2015)

New carpet (2015)

All kitchen appliances stay!

Shared private swim dock

One-year home warranty!

No minimum bid!

 

FAST FACTS  

Architecture:  Traditional

Plan:  Raised Ranch

Exterior:  Wood siding

Year Built:  1940

Bedrooms:  3

Bath:  2

Kitchen: Frigidaire refrigerator w/built-in icemaker, Roper electric oven/range, GE above-the-range microwave

Other Rooms:  Living room, Dining room

Flooring:  Hardwoods, carpet, tile

Heating:  Forced air gas (New 2015)

Cooling:  Central electric

Hot water heater:  Gas

Roof:  Composition (New 2015)

Water source:  City

Sewer source:  City

Warranty:  One year

Reserve: None

Legal Description:

LAKE LOTAWANA LOT 50 BLOCK A

 

3-EASY WAYS TO BUY!

1. BUY IT NOW

     Can’t wait for the auction? Call for details about buying a property in advance of the auction.

2. BID LIVE ONLINE

     Advance registration required.

3. BID LIVE ONSITE

     Attend the auction in person on auction day.

 

AUCTION TERMS AND CONDITIONS:

 

REGISTRATION:

Onsite bidder registration will begin one hour before the auction. Online bidder registration is open now. All bidders must provide a valid driver’s license and current address.  Online bidders must also provide a credit card to register.  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 immediately following the close of bidding.   Cash, cashier’s check or personal/business check will be accepted from onsite bidders.  Bank wire will also be accepted from online bidders.

 

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 immediately following the close of bidding. All final bid prices are subject to Seller approval, unless announced otherwise. Seller acceptance is subject to 15-day right of first refusal per Lake Lotawana Association Deed of Restrictions.

 

CLOSING:

Buyer(s) shall close within 45 days of the effective date. Possession will be delivered at closing subject to any remaining rights of the current tenant(s), if applicable.

 

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:

2016 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.

I-70 to State Route 7/MO-7, south to Colbern Rd., east to South Shore Dr., south to first right on A Street. 50A will be on your right.

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