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GONE! No Reserve Home Auction: Gorgeous Brick Front Ranch in Prospect Hills Subdivision | Topeka, KS

Over 4,000sf Home For Sale at Online Auction, With No Minimum Bid


4BR, 3.5BA brick front ranch on 1.24 acres, backs to greenspace. High ceilings, large rooms. Updated kitchen has granite countertops, kitchen appliances stay. Walkout basement. Sells to the highest online bidder, regardless of price.

ONLINE BIDDING ONLY
Began: 07/09/17 at 3:00 PM CDT
Ended: 08/09/17 at 3:00 PM CDT

OPEN HOUSE: SUNDAYS, 7/23 & 7/30; 2-4PM

325 SW Whitehall Lane, Topeka KS  66606

 

Gorgeous 4BR, 3.5BA brick front ranch on 1.24 acres, backs to greenspace. High ceilings, large rooms. Updated kitchen has granite countertops, updated lighting and kitchen appliances stay. Spacious finished walkout basement. Sells to the highest online bidder, regardless of price.

THE HOME

Spacious and perfect for entertaining, this well-maintained brick front ranch is a must see. Security system, irrigation system, vaulted ceiling, recessed lighting, two gas fireplaces, a large deck and a covered patio. The main level offers three large bedrooms, laundry, formal dining, a great room and more. The updated kitchen has new granite and plenty of cabinet space, plus a built-in work desk. A pair of dormers allow natural light into the unfinished attic. The finished walkout basement adds even more living space.

MAIN FLOOR

ENTRY HALL: Decorative leaded glass front door with coordinating sidelights. Opens to formal Dining Room, Living Room and Great Room. Tile floor.

FORMAL DINING ROOM: (13×12) Five panel bay style window, tray ceiling, two-tiered 15 light glass paneled chandelier. Carpeted.

GREAT ROOM: (23×15) Vaulted ceiling with handsome exposed wood beams. Floor-to-ceiling all-brick gas fireplace with oak mantel. Recessed lighting, sliding glass door to large deck. Carpeted.

LIVING ROOM: (17×12) Five panel bay style window, tray ceiling. Carpeted.

EAT-IN KITCHEN: Custom cabinet designs with raised panel and crown moldings, glass-front accent cabinets. Gorgeous granite countertops with custom tile backsplash. Appliances include a GE Dishwasher, GE in-wall double oven, an in-counter GE glass top range, GE above-the-range microwave and an Amana, side-by-side refrigerator. Built-in desk. Hardwood floor. 

MASTER BEDROOM: (15×15) Two closets, tray ceiling, recessed lighting, ceiling fan. Carpeted.

MASTER BATHROOM: Double vanity with private toilet room and shower/tub combination.

BEDROOM 2: (13×12) Comfy bedroom overlooking large backyard with windows on one wall, carpeted.

FULL BATH: Double vanity, shower/tub combo and a skylight. Tile floor.

BEDROOM 3: (14×12) Large room also overlooking backyard with windows on one wall, carpeted.

LAUNDRY ROOM: On the main level and off the kitchen. Tile floor.

HALF BATH: Single vanity. Tile floor.

GARAGE: (28×24) Two-car garage (deep) with single door, attic access, concrete floor, pedestrian door.

DECK: Nearly 400sf and can be accessed 3 different ways. Covers the concrete patio of the same size.

LOWER LEVEL

OPEN CONCEPT RECREATION ROOM: Of the 2,400 sf in the basement, nearly 1,800 sf is finished. Huge, open area for entertaining. All-brick gas fireplace, sliding glass door to covered patio, wall sconce lighting. Two separate storage rooms and a utility room. Recessed lighting. Carpet.

BEDROOM 4: (14×12) Two windows on one wall. Carpeted.

BATHROOM: Single vanity with a shower/tub combination. Tile.

STORAGE: Large separate storage area/utility room.

MORE HOME FEATURES:

  • Over 4,000 square feet
  • 1.24 acres
  • Backs to greenspace
  • Granite countertops
  • Kitchen appliances included
  • Remarkable materials & craftsmanship throughout                                                                       
  • Security system
  • Lush professional landscaping
  • Irrigation system

 AUCTIONEER’S NOTE

This amazing brick front ranch in the Prospect Hills subdivision boasts an impressive 4,080 square feet and sits on a well manicured, 1.24 acre lot. The property belonged to our seller’s parents and he has chosen to expedite the sale of their lovely home at public auction without reserve. This is an unparalleled opportunity to own a genuinely exceptional property in this prestigious development at your price. The property will sell to the highest online bidder, regardless of price. See it for yourself at an open house and then bid in the online-only auction ending August 9th, 2017 at 3:00 PM.

 

FAST FACTS:

  • 1.24 acres
  • Built in 1985
  • Brick front ranch
  • 4,080 finished sq. ft. (per county) 
  • 4 bedrooms; 3.5 baths
  • 2 car garage
  • Utilities:
    • Central gas heating
    • Central electric cooling
    • City water
    • 1-year home warranty included
    • Open houses: 7/23 and 7/30 from 2-4PM
    • Online only auction ending 8/9/17
    • No minimum bid

NEW TO AUCTION? 4 Quick Tips:

  1. Research the property and auction terms at www.CatesAuction.com. Be sure to download the “Property Information Package.”
  2. Attend an open house event to tour the property and talk with auction representatives.
  3. Ask questions. Call 816-781-1134 or email Rick@CatesAuction.com. We’re happy to help!
  4. Log on and bid! Online bidding requires advance registration and valid credit card. Bidding ends on August 9th at 3pm.

“ONLINE ONLY” REAL ESTATE BIDDING

AUCTION TERMS AND CONDITIONS

 

REGISTRATION:

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.

BIDDING ONLINE:

All bidding in this auction is being conducted online. (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 system displays that the reserve has been met, then it 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.

BUYER’S PREMIUM:

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:                                                                                                            

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:

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.

CLOSING:

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.

AGENCY:

Cates Auction & Realty Co., Inc. and its representatives are Exclusive Agents of the Seller.

BROKER PARTICIPATION:

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.

PRE-AUCTION SALES:

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: No Reserve Home Auction: Gorgeous Brick Front Ranch in Prospect Hills Subdivision | Topeka, KS

I-70 to Exit 357 B. South on Danbury Ln., North on Westchester Rd. Turn right on SW Whitehall Ln. to 325 on right.

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