GONE! Real Estate Auction: 3 Bedroom True Ranch Home | Gladstone, MO
Ended: 11/16/17 at 3:00 PM CDT
OPEN HOUSE: SUNDAYS, NOV. 5TH & 12TH; 2-4PM
7625 N. Olive St., Gladstone, MO 64118
One owner 3BR/2BA true ranch home w/brick front. Well maintained w/new roof (16), newer vinyl windows, 2 brick gas fireplaces, large kitchen, deck off dining room, 2-car garage, walkout basement and fenced yard. Could use updating.
ENTRY/SITTING ROOM: (13×10) Large front window facing west. Opens to the living room. Basement access. Ceiling fan.
FAMILY ROOM: (13×11) Gas fireplace with built in bookshelves and windows to the back yard on both sides. Ambient recessed lighting. Carpet.
DINING ROOM: (12 ½ x 8) Open to the living & sitting room. Newer sliding door exits to pergola covered deck. Vinyl flooring, hanging light on dimmer.
KITCHEN: (13 x 10) L-shaped kitchen with window that overlooks backyard. Walk in directly from the garage. Appliances are all white & barely used: built-in GE confection microwave oven, Kenmore smooth top stove/oven, Amana refrigerator, Kenmore elite stainless inside dishwasher. Stainless steel sink with disposal. Closet pantry, washer/dryer area behind bi-fold doors. Ceiling fan, vinyl flooring.
HALL BATH: (4 ½ X 8 ½) Single vanity, tiled tub and shower combination. Built in wood medicine cabinet. Linen closet. Recessed lighting and exhaust fan.
HALL: Lighted hallway with attic fan, coat closet and linen closet. Carpet.
MASTER BEDROOM: (14 ½ x 11 ½) 2 windows facing east and south. Double closet with bi-fold doors. Lighted ceiling fan on timer and dimmer. Carpet.
MASTER BATH: (7 x 5 ½) Single sink vanity with hanging vanity lights. Walk-in tiled shower with mirrored sliding door. Window facing east. 2 built-in linen cabinets.
BEDROOM 2: (11 ½ x 9 ½) Window facing front of home, double closet with bi-fold doors and built in shelving. Large light fixture, carpet.
BEDROOM 3: (12 ½ x 9 ½) Window facing front of home, double closet with bi-fold doors. Large light fixture, carpet.
(21 x 23 ½) Large 2 car garage, ½ HP Lift Master opener
Entry to basement is in the main level sitting room. (30 x 34) Walks out to fenced backyard and is ready to be finished. Brick gas fireplace, large window looks out to backyard, door walks out to concrete walkway. 20 x 11 area has built-in shelves and workshop table with overhead lighting.
(19 x 10) Pergola covered deck with seating that overlooks the yard. Walkout basement. Mature trees. Sprinkler and irrigation system. Rock landscape under deck. Fenced backyard
FEATURES & IMPROVEMENTS
- New Roof – 2016
- Newer vinyl paned windows
- Irrigation system
- Air purifier
- Water softener
- Covered front porch
- Well-maintained true ranch w/landscaping
- Walkout basement
- 2 gas fireplaces
- Fenced yard
COUNTY RECORD INFO
Base area (sq. ft.) 1310
Total area (sq. ft.) 1310
Heating/cooling type 15
Basement area (sq. ft.) 1268
Fixtures – 9
Bedrooms – 3
Bathrooms – 2.0
Total rooms – 5
Garage type – 3
Garage area (sq. ft.) 528
Garage stalls – 2
Year built 1975
Improvement Description Size (sq. ft.)
WOOD DECK – 200
OPEN PORCH W/ROOF – 84
DOUBLE 2/S FIRE PL- 1
“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.
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.
A buyer’s premium of the greater of $2,500.00 or ten percent (10%) 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 and/or phone call 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.
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 noon 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 the greater of $2,500.00 or five percent (5%) of the total purchase price. This deposit must be received 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 30 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!
(From the south) I-29/I-35N to NE Antioch Rd/MO-1, west on NE 72nd St. north, on N. Euclid Ave, east on NE 76th St., north on N. Olive to home.
(From the north) 152 Hwy/Barry Rd toward Liberty, south on MO-1/Indiana Ave, west on NE 83rd, south on N. Agnes Ave., north to N. Olive St.