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SOLD! No-Reserve Real Estate Auction: 3 Bedroom Home on Double Lot | Gladstone, MO

One-Owner Northland Ranch Home in Great Setting for Sale at Auction Regardless of Price!


The seller of this property has accepted a pre-auction offer and the property has sold.

ONLINE BIDDING ONLY
Began: 05/02/19 at 12:30 PM CDT
Ends: 05/30/19 at 12:30 PM CDT

103 NE 74th Street, Gladstone, MO  64118

No-Reserve Real Estate Auction: 3 Bedroom, 2 Bath Ranch | Gladstone

Ranch Home on Double Lot for Sale at Online Auction Regardless of Price!

Tons of sunlight in this 3BR/2BA ranch home in a quiet Gladstone neighborhood. Huge double lot perfect for the urban homesteader, newer concrete driveway, large porches with pergola, tons of storage. Sells to highest online bidder w/o reserve!

MAIN LEVEL

LIVING ROOM: 19×11 Hardwood floor, fireplace, coat closet, large window looks out to front deck and treed yard, open to dining room.

DINING ROOM: 11×7 Hardwood floor, window looks out to deck and yard. Open to living room and kitchen.

KITCHEN: 13×11 Expansive window to the south looks out over the large deck and yard. Tons of cabinets & storage. Open to dining room, access to basement and back deck, pass through to the hall.

FAMILY ROOM: 12×16 Hardwood floor, large windows on north & south walls, could be used as a formal dining room or a den.

MASTER BEDROOM: 10×11 hardwood floors, this room also has a 7×6 carpeted sitting area.

MASTER BATH: 7×6 Unique cast iron angled corner bathtub

BEDROOM 2: 13×15 Hardwood floor under carpet, large closet with built in shelves.

BEDROOM 3: 11×11 Hardwood floor under carpet.

HALL BATH: 8×6 Updated, large closet

LAUNDRY/WORK ROOM: 19×11 Appliances stay. Wall of cabinets, tiled floor, original cast iron farm sink, storage closet. South wall lined with windows that overlook the back yard.

MUDROOM: 7×4 Cute cottage look with storage.

 

BASEMENT

  • Ample room for storage and work space
  • Shower room (not included in bathroom count) with washer hook ups
  • Crawl space

Features:

  • 3 bedrooms; 2 full baths
  • New driveway (2017)
  • Expansive windows
  • Large laundry/work room
  • Spacious deck
  • Huge double lot with Concord Grape vines
  • Nearly an acre for extensive gardening
  • Multiple storage buildings
  • Quiet boiler for steady, moist heat
  • Bright clean basement + crawl space
  • 8’.5” Ceilings
  • Year Built 1948
  • .9 Acres +/-
  • 2017 Real Estate Taxes $2,110
  • 1,816 sq ft +/-
  • 1-year home warranty included!
  • No seller’s reserve or minimum!

 

NEW TO AUCTION? 5 Quick Tips:

  1. Research the property, review the auction terms and download a Property Information Package at www.CatesAuction.com.
  2. Attend an open house event to tour the property and talk with an auction representative.
  3. Ask questions. Call Cates Auction at 816-781-1134 or email carrie@CatesAuction.com.  We are here to help!
  4. Can’t wait for the auction?  For your convenience an offer can be made in advance of the auction. Only qualified offers on auction contract with auction terms will be presented to the seller.
  5. Place your bid.  For your convenience online bidding is open now.  You can place your bid online at any in any location with an internet connection.

“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 the greater of $2,500 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:                                                                                                                       

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 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.

 

CLOSING:

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:

2019 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 Real Estate Auction: 3 Bedroom Home on Double Lot

North Oak Trafficway to 74th Street, west to 103 on south side of street.

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