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GONE! Multi-Property Auction | Beautiful 41 Acres, with 3 Ponds, 4 Bedroom Home, Large Indoor Arena & Outbuilding | Offered in Two Tracts & Combined | Kearney, MO

TRACT 1: 4 Bedroom Home on 6 Acres w/80×40 Morton Style Bldg. and 200 x 90 Outdoor Riding Arena | TRACT 2: Current Income $5395/month | 35 Acres, 225 x 170 Indoor Riding Arena, 1 Bedroom Home, 3 Ponds, Buy 1 or Both, For Sale at Auction


Sellers Reserve Only $695,000 (Last List $1,295,000).  Seller’s Reserve of $695,000 is for the total of both tracts purchased either separately or together. Make an offer in advance, pre-bid online now, or bid live onsite or by phone in the auction.

LIVE ON-SITE AUCTION
Began: 05/17/18 at 11:00 AM CDT
Location: 15615 NE 116th Street, Kearney, MO 64060

OPEN HOUSES: SUNDAYS, APRIL 29TH & MAY 6TH; 2-4PM

Located Just North of Liberty off MO-33 Hwy & 116th St. in Unincorporated Clay County and Within the Liberty School District. Make an Offer in Advance, Place Your Pre Bid Online Now or Bid Live Onsite or By Phone in the Auction.

TRACT ONE – 15615 NE 116th Street, Kearney, MO 64060

Tract One includes a 2-story, 4 bedroom, 2.5 bath home built in 1986, resting on 6 quiet acres. The 80×40 Morton-style building has a 40×30 shop with concrete flooring and 40×50 storage area with a gravel floor. Also includes a 200 x 90 outdoor riding arena and a 40’ round pen.

HOME

MAIN FLOOR: The main level offers a beautiful formal dining room with chair rail molding and a decorative 10 light chandelier. The living room and family room are separated by 6-panel pocket doors. The family room has a large brick wood-burning fireplace and sliding glass doors that exit to the deck overlooking your private acreage. There is a powder room adjacent to the conveniently located laundry room. The country kitchen opens to the family room.

Kitchen details:  Custom cabinetry with glass-front doors. The desktop nook is perfect for homework or managing the affairs of the house.  The well-appointed kitchen island adds both counter space and storage. Appliances include Maytag dishwasher, Maytag stainless steel above-the-range microwave, Kitchenaid side-by-side refrigerator with in-door ice dispenser and Whirlpool electric oven/range.

UPPER FLOOR: The large master suite has a ceiling fan, walk-in closet and a great view of the back acreage. The master bath has a double vanity, a bathtub and a separate shower room. There is an additional master closet, which doubles the storage space, perfect for off-season clothing. There are also three more spacious bedrooms, all with ceiling fans and ample closet space, a full hall bath and additional storage.

BASEMENT: Partially finished walk-out basement is stubbed for an additional bathroom and offers ample storage with built-in cabinets. Energy efficient Lennox furnace is less than 5 years old and the gas operated hot water heater is less than 2 years old.

MORTON STYLE BUILDING

40×30 autobody shop with concrete floor & 40×50 graveled storage area. The front of the building is insulated. Has electricity, a gas furnace and a water faucet, as well as a window A/C.

TRACT 1 FEATURES:

  • 4BR home w/steel siding
  • Walk-out basement
  • 6 acres
  • 200 x 90 Outdoor Arena
  • 40’ Round pen
  • 2” pipe fence
  • Outbuilding w/shop
  • Liberty schools
  • One-year home warranty

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TRACT TWO – 11400 Chandler Road, Kearney, MO 64060

The centerpiece of Tract Two is an incredible 225×170 income-producing professional indoor riding arena with 24 stalls. Perfect for barrel racing, roping and more. One of the 4 corrals contains a Priefert squeeze chute. The 35-acre setting includes 3 pastures, 3 stocked ponds, and 2” pipe fence. This tract is the perfect complement to Tract One, or a fantastic site to add your dream home.

ARENA DETAILS

  • 225 x 170 Indoor Arena (38,250 square feet)
  • Clay, silt and sand footing with 4-5 inch base
  • PA System w/40 overhead speakers
  • 24 stalls (14 Priefert w/automatic waters and 10 portable)
  • Built in 2009
  • Wash bay, tack room, crow’s nest
  • 2 restrooms & canteen area

 ADDITIONAL SITE DETAILS

  • 35+/- acres
  • 3 pastures with 2” pipe fence
  • 3 stocked ponds
  • 1 BR, 1 BA rental home w/mudroom

AUCTIONEER’S NOTE:

Our sellers have loved and cared for this property for many years and have decided it’s time to retire. They have elected to expedite the sale and offer both tracts at auction. To allow you to buy it exactly as you want it, bidding will be opened on each tract individually* and also in combination.  Our sellers have also set a very low reserve (almost half of the last list) and authorized us to publish it so you know exactly what it will take to buy this beautiful property. This is an unprecedented opportunity to own property with this value and features at your price. Make your pre-auction offer or come bid on May 17th!

LOCATION: Peaceful country setting just north of Liberty, MO in unincorporated Clay County and Liberty School District with easy access to I-35 & US-69. Just 20 minutes to downtown Kansas City!

FAST FACTS

  • 41 acres – Available in total or in 2 tracts*
  • Combined reserve only $695,000! (Last list: $1,295,000)
  • Taxes = $10,522/year
  • Legal Description: CHANDLER DOWNS LT 2
  • Tract 1: 6+/- acres4 bedroom, 2-story home
  • 80×80 outbuilding
  • 200×90 outdoor riding arena
  • 40′ round pen
  • TRACT 2: 35 acres +/-
  • 38,250 sq. ft. indoor riding arena built in 2009
  • Multiple pastures and stocked ponds
  • 1 BR, 1 BA rental home
  • Open House events: April 29th & May 6th; 2:00-4:00
  • Live onsite auction: May 17th; 11:00 am

 

*Tract split to be completed by seller after the auction if the tracts sell separately. Process could take up to 90 days. If the tracts sell together closing will be within 45 days

CAN’T WAIT FOR THE AUCTION? Qualifying pre-auction offers will be considered on individual tracts or the combination. Subject to auction terms. Call for details.

 

 

 

 

 

AUCTION TERMS AND CONDITIONS:

AUCTION METHOD: If a property contains multiple tracts they will be offered individually, in combinations and as a whole. The property will be sold in the manner resulting in the highest total sales price.

REGISTRATION: Onsite bidder registration will begin one hour before the auction. Phone bidders must be registered directly through our office 48 hours prior to auction day. Registration for online absentee bidding (pre-auction only) 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. All bidders must provide a valid driver’s license and current address. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.

ONLINE ABSENTEE BIDDING (Pre-auction only): Bidders may elect to place absentee bids online prior to the opening of the live auction. Online absentee pre-bidding will end 24 hours prior to the start of the live auction. The highest absentee pre-bids will be taken into the live auction as the opening bids on applicable tracts and combinations. Bidders who placed absentee bids online in advance of the auction who also wish to bid in the live auction must follow the registration requirements above for onsite or phone bidding. No live online bidding will be offered.

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 be required from phone or online absentee 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. Winning phone bidders or online absentee bidders will be sent the real estate sale contract to sign via DocuSign/email. All final bid prices are subject to Seller approval, unless announced otherwise.

CLOSING: Tract split to be completed by seller after the auction if the tracts sell separately. Process could take up to 90 days. If the tracts sell together closing will be within 45 days.  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).

SURVEY: Seller shall provide a survey for any tract where there is no existing legal description. Any need for a new survey shall be determined solely by the Seller. The type of survey performed shall be at the seller’s option and sufficient for providing a legal description for title insurance. Purchase prices shall be adjusted to reflect any differences between advertised and surveyed acres.

REAL ESTATE TAXES & ASSESSMENTS: 2018 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.

Video: Horse Property Auction

TRACT ONE: I-35 to Exit 20, US-69 N to MO-33 HWY, north to 116th St., west to 15615 on left. TRACT TWO: I-35 to Exit 20, US-69 N to MO-33 HWY, north to Chandler Rd., west to 11400 on left. Watch for signs. 

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