GONE! Online Auction: Country Club Plaza Home on Ward Parkway | Kansas City, MO
Ended: 05/11/17 at 3:00 PM CDT
OPEN HOUSE: SUNDAYS, 4/23, 4/30 & 5/7; 2-4PM
4975 Ward Parkway, Kansas City, MO 64112
Online Auction: Country Club Plaza Home on Ward Parkway | Kansas City, MO
Seller’s Published Reserve Only $300,000! (Last listed at $550,000). Classic 2-story brick/stucco updated 5 bedroom home on ⅓ acre lot with circle drive.
Stately, 5BR, 3.5BA home. 3368 sq. ft. center hall plan has spacious rooms w/fresh paint and gorgeous hardwoods. Updated exterior paint, HVAC, roof, baths & windows. 2-car garage. Add your own style. Seller’s reserve $300k. (Last list $550k)
ENTRY HALL: Leaded glass front door with coordinating leaded glass sidelights. Opens to living room and dining room. An elegant wide archway frames the center stairs. Half bath and coat closet. New dark oak flooring.
LIVING ROOM: Wood burning fireplace with handsome white carved wood mantle and black tile surround. Double windows to the front and rear. French doors to the study/den. New dark oak flooring.
STUDY/DEN: Wall of windows, built-in cabinets and entertainment or art niche with directional lighting. French doors to the living room. New dark oak flooring.
DINING ROOM: Double window to front, French doors to sunroom. New dark oak flooring.
SUN ROOM: Enclosed porch with windows on 3 sides, pass through window to kitchen, lighted ceiling fan, French door access to dining room, double door access to back patio/yard. Black & white tile floor. Private pet entrance.
KITCHEN: Enjoy the retro or create your dream kitchen. Current configuration has granite counters, wide over-sink window, roll-out shelving, corner lazy Susans, Maytag dishwasher, GE Eterna series gas range/oven with new over-range microwave, Kenmore Elite side-by-side refrigerator with freezer door dispensers, pass-through window to sunroom, lighted ceiling fan, black & white tile floor. Access from dining room, garage & laundry.
LAUNDRY: Mud room-style laundry area just off the kitchen joins the garage, back door and basement access.
PATIO: L-shaped yard/patio combines brick paving, landscaping and mature trees. Wood privacy fence. Accessed from sun room and driveway.
GARAGE: Rear entry 2-car. Liftmaster electric single door. Workbench and shelving.
BASEMENT: Concrete floor, sump pump, lots of shelving, newer suspended HVAC.
MASTER SUITE: Includes main bedroom with center ceiling fan and sitting/sun room with wall of windows and closets. Refinished dark oak floor. Master bath has period style footed soaking tub, 34” double vanity with dual medicine cabinets, walk in shower, and black & white subway tile floor.
BEDROOM 2: Double windows to the front, lighted ceiling fan, closet, refinished dark oak floor.
SUNROOM: Three walls of windows, lighted ceiling fan, small closet, auxiliary baseboard heat, refinished dark oak floor.
BEDROOM 3: Triple windows on one wall, closet, refinished dark oak floor.
HALL BATH: Single vanity, shower/tub combo, medicine/linen closet, black & white subway tile floor.
BEDROOM 4 + BATH: Windows on two walls, closet, refinished dark oak floor. Full bath with tiled shower/tub combo, pedestal sink, black & white subway tile floor.
BEDROOM 5: Finished attic with windows to front and rear, multiple closets, carpet. Walk in attic access.
- Stately 5 bedroom, 2-story home
- 3368 sq. ft. finished living area
- 1/3 Acre +/- manicured lot
- Much original woodwork/hardware
- Circle drive with gated driveway
- Classic Ward Parkway address
- Country Club Plaza lifestyle
- One-year home warranty
- Exterior paint
- Interior paint
- New hardwood flooring (main floor)
- Refinished hardwood floors (second floor)
A PRESTIGIOUS ADDRESS
Some of Kansas City’s most impressive residences line Ward Parkway, a street long associated with fine homes and affluent lifestyles. What’s more, the exceptional shopping and dining of the Country Club Plaza is just out the front door of this home! This auction marks the opportunity to acquire an enviable Ward Parkway address at your price. Move in and add your own style or invest in additional renovation and resell.
The current owners have invested in correcting deferred maintenance/updating and have returned this handsome home to a neutral state. You may choose to move right in or to continue with more significant renovations, depending on your requirements. In either case, there’s no better opportunity for acquiring a classic Ward Parkway home and the coveted Country Club Plaza lifestyle. Come to an open house to see for yourself. Online bidding opens at the seller’s reserve of only $300,000 (which is well below the owner’s current investment and previous list prices!)
“ONLINE ONLY” REAL ESTATE BIDDING
AUCTION TERMS AND CONDITIONS
Proper and complete online registration is required to bid. All bidders must provide name, address, phone number, and email address to register. A credit card (MC, Visa or Discover) is required to actually place a bid on the property. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Should a Winning Bidder fail to complete the contract signing process, the required deposit will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Bidders may register prior to, or during the bidding period. At registration bidders are given the option of receiving emails confirming their individual bids and/or when they are outbid.
The only way this property may be purchased is via online bidding during the published bidding period. (If you need assistance placing a bid or prefer to submit a bid in person, please call our office for assistance. 816-781-1134) To place a bid, bidders enter their “maximum” bid and click the “Place Bid” button. Each time that bidder is outbid by another bidder, the system will automatically bid on their behalf at the established bid increments up to their maximum. In the case of an auction with a reserve, if the max bid amount entered is less than the reserve, the system will place the bid at the max amount. Once the reserve is met, then the system will advance the bid (by the bid increments) only when the bidder is outbid by another bidder, up to the bidders max. The Auctioneer does not know any bidder’s maximum bid. The system will not advance a bidder’s own bid. Online-only auctions utilize the “Soft Close” feature that automatically extends the bidding time if a bid is received in the last 2 minutes of the published bidding period. The extensions will continue until 2 minutes have lapsed without any bidding activity, at which time the auction is concluded.
A buyer’s premium of ten percent (10%) or $2,500.00, whichever is greater, of the high bid shall be added to that bid and included in the total purchase price to be paid by the successful bidder(s).
Sample calculation — High bid = $50,000
Buyer’s Premium = $ 5,000 (10% of 50,000)
Total purchase price = $55,000
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.
At the conclusion of the auction the Winning Bidder will receive an email confirming his or her winning bid status. In this or a subsequent email the Winning Bidder will receive a link to sign all documents electronically along with wiring instructions for submitting the required earnest money deposit to the named title company.
The Auctioneer or his representative will contact the Winning Bidder the following morning to address any questions concerning the required process. Should the electronic processes described above be unavailable, alternative arrangements will be made. In any event, the contract signing and deposit payment process must be completed by close of business on the day following the auction conclusion. A Winning Bidder whose documents and deposit are not received within the required timeframe is subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Cates Auction & Realty auction events. Note that property-specific purchase documents are available prior to the auction end date and any professional reviews of such documents should be undertaken PRIOR to bidding. All final bids are subject to Seller’s reserve, unless advertised otherwise. Any property with a high bid exceeding the Seller’s reserve will be declared “sold” by the Auctioneer. In instances where the seller’s reserve was not met in the auction, the signed contract and accompanying deposit will be presented to the Seller for approval, which shall be given or denied in the Seller’s sole discretion within 5 business days. If approval is denied, all documents and the deposit will be returned immediately.
DOWN PAYMENT (DEPOSIT):
The Winning Bidder shall be required to make an earnest money down payment equal to 5% of the total purchase price OR $2,500.00, whichever is greater. This deposit must be paid by wire transfer (or by certified funds), by close of business the day following the bidder being declared the Winning Bidder. Winning Bidders whose documents and deposit are not received within the required timeframe are subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Cates Auction & Realty auction events.
The Winning Bidder shall close within 45 days of the auction date, unless stated differently in the Purchase Agreement.
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:
2017 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.
Cates Auction & Realty Co., Inc. and its representatives are Exclusive Agents of the Seller.
A commission of 3% of the high bid (unless a different percentage is stated in the property’s MLS listing) 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 end date.
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 information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). This property is available for and subject to sale prior to auction.
As exclusive agents for the Seller, the Auctioneer has a fiduciary obligation to present any and all offers to the Seller. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all auction terms and be submitted to the Auctioneer on the Real Estate Sale Contract along with the required deposit. Properly submitted offers will be presented to the Seller, who may accept or reject such offer in their sole and absolute discretion.
We hope you enjoy bidding in the online auction!
Video: Country Club Plaza Home
East side of Ward Parkway, Southwest of the Plaza.