Real Estate Auction: 4 Bedroom Ranch Home on 11 Acres | Holt, MO
Ends: 10/25/18 at 12:30 PM CDT
OPEN HOUSE: SUNDAYS, OCT. 7TH & 14TH; 2-4PM
5811 SE Hwy 33, Holt, MO 64048
Reserve Has Been Met – Sells to the Highest Bidder On Auction Day!
This 4 BR, 3BA true ranch home sits on 11 beautiful acres +/- & has a 3 acre stocked lake. Granite countertops, 2 fireplaces, main level laundry. New roof & furnace in ’17. 30×40 morton style building, 4-car garage (2-detached) & horse stable.
Entry: Two sky-lights, brick accent wall with arched niche and herringbone brick design. Opens to kitchen and living room/dining room combination, hardwood floor.
Living Room/Dining Room: (23×15) Lighted ceiling fan, recessed lighting, spectacular brick wall with wood burning fireplace, a handsome oak mantel and a 15-ft. raised hearth. Four large windows provide an abundance of natural lighting, chandelier over dining area, sliding glass door opens to massive deck. Carpet.
Family Room: (13×12) Lighted ceiling fan, three large crank-out windows, sliding glass door opens to deck, carpeted.
Sun Room: (15×11) Recessed lighting, lighted ceiling fan, four skylights, seven windows. Sliding glass door leads to second deck. Tile floor.
Eat-in Kitchen: (21×8) Opens to the family room. Lighted ceiling fan, track lighting, skylight. Newer travertine backsplash, granite countertops, new faucet. GE oven/range, Kenmore refrigerator, GE stainless steel dishwasher, kitchen appliances stay w/property. Sliding glass door to sunroom. Ceramic tile floor.
Mudroom/Laundry Room: Upper cabinets, recessed lighting, one window. Garage access.
Half Bath: Single vanity, shower/tub combination, recessed lighting, hardwood floor.
Master Bedroom: (14×13) Lighted ceiling fan, tray ceiling, windows on two walls, walk-in cedar closet, carpeted.
Master Bathroom: Single vanity, shower/tub combination, recessed lighting, hardwood floor.
Bedroom 2: (11×10) Lighted ceiling fan, four windows on two walls, closet. Carpet.
Garage: (26×20) Two car garage, one single door and a pedestrian door to back yard.
Bedroom 3: (10×10) Lighted ceiling fan, two windows, carpet.
LOWER LEVEL: (Walk-out)
Recreation Room: (21×20) Large, open area perfect for a billiards table or entertaining, lighted ceiling fan, recessed lighting, spectacular brick wall wood burning fireplace with a handsome oak mantel and 15-ft. raised hearth, sliding glass door to patio. Hardwood floor.
Full Bath: Single vanity, shower/tub combination, recessed lighting, hardwood floor.
Second Full Kitchen: (21×7) GE Electric range/oven, Kenmore dishwasher, recessed lighting, breakfast bar, hardwood floor.
Hobby/Craft Room: (20×8) Recessed lighting, two daylight windows, hardwood floor.
Bedroom 4: (16×13) Lighted ceiling fan, two daylight windows, large walk-in closet, hardwood floor.
40 x 30 with a single garage door and a pedestrian door, concrete floor, electricity.
28×28 garage with 2 garage doors and a pedestrian door.
Single Stall Horse Barn
Lean-to on front with pedestrian door and a single garage door on the side, back door opens to 1.64 fenced acres for horses to roam.
3 acre stocked lake with dock & floating fishing barge
Finished, full, walk-out basement
4-car garage (2 detached)
40×30 Metal outbuilding
11 Acres m/l
Two full kitchens
New Heat Pump
New garage door
One-year home warranty
Exterior: Vinyl siding
Year Built: 1989
Kitchen: GE oven/range, Kenmore refrigerator, GE stainless steel dishwasher
Other Rooms: Living room, family room, dining room, recreation room
Flooring: Hardwoods, carpet, tile
Cooling: Central electric
Water source: City
Sewer source: Septic
Warranty: One year
School District: Lathrop
Legal Description: SEC/TWN/RNG/MER:SEC 13 TWN 54N RNG 31W PT SESW BEG AT A PT THAT IS 260′(S) S OF NE CORNER SESW, THE. S 520′, W 870′(S), NLY 560′, E TO POB
“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 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 close of business on auction day. A Winning Bidder whose documents and deposit are not received within the required time frame 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 five percent (5%) of the total purchase price. This deposit must be received by wire transfer (or by certified funds), by close of business auction day. 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:
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.
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: 4 Bedroom Ranch Home on 11 Acres | Holt, MO
I-35 N to HWY PP, west to HWY 33, north to 5811 on right.
NOTE: The written directions above will take you to the property. If you are entering into your GPS, use the address of 5811 SE 33 Hwy, Lathrop, MO. Google maps takes you to the incorrect location if you use the city of Holt.