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AUCTION SITE: Paradise Pointe Golf Complex Clubhouse, 18212 Golf Course Rd., Smithville, MO 64089

LIVE ON-SITE AUCTION
Began: 03/21/09 at 10:00 AM MDT
INSPECTION
Began: 03/07/09 at 2:00 PM MST
Ended: 03/07/09 at 4:00 PM MST

INSPECTION
Began: 03/14/09 at 2:00 PM MDT
Ended: 03/14/09 at 4:00 PM MDT

INSPECTION
Began: 03/20/09 at 2:00 PM MDT
Ended: 03/20/09 at 4:00 PM MDT


AUCTION SITE:  Paradise Pointe Golf Complex Clubhouse

                                18212 Golf Course Rd.

                                Smithville, MO 64089

 

LAKE MEADOWS
Lake Meadows is conveniently located just 15 miles north of Kansas City, MO and 17 miles from the Kansas City International Airport. As the largest subdivision currently active in the fast growing city of Smithville, MO, this 300+ acre project has been zoned and preliminary platted. The first 3 phases have been final platted.  There are 50 new homes that have been built and sold and there are another 99 lots remaining that are ready for building permits.  There is a monument sign at the entrance to the subdivision at US-169. This project has excellent visibility and access from the following hard surface roads: US-169, MO-W, MO-F and 188th St.                                  

TRACT 1:  
63 ACRES m/lLake Meadows Estates
NEC US-169 & MO-W
Zoned R-1 Preliminary Platted
Current use: Agriculture
Rolling with scattered timber
Road frontage on US-169
Road frontage on MO-W
Road frontage on MO-F
Gas, water & electric on-site
Sewer accessible                 

TRACT 2:
26 ACRES m/l Unplatted
SEC US-169 & Lake Meadows Dr.
23 Acres m/l Zoned B-3
3 Acres m/l Zoned R-3
Current use: Agriculture
Level topography
Road frontage on US-169
Road frontage on Lake Meadows Dr.
Gas, water & electric on-site
Sewer accessible 

TRACT 3:  
135 ACRES m/lLake Meadows Phases 4, 7, 11A & 13-16
US-169 & 188th St.
Zoned R-1Preliminary platted
Current use: Agriculture
Rolling with scattered timber
Road frontage on US-169
Road frontage on 188th St.
Gas, water, electric & sewer on-site 

TRACT 4:  
74 ACRES m/lLake Meadows Phases 5, 6 & 8-10
MO-F & South of MO-W
Zoned R-1Preliminary platted
Current use: Agriculture
Rolling with scattered timber
Road frontage on MO-F
Road frontage on Lake Meadows Dr.
Gas, water, electric & sewer on-site 

TRACT 5:  
40 ACRES m/lTrade Winds of West Bay
MO-F & North of 188th St.
Zoned R-1Final Platted
Current use: Agriculture
Rolling with scattered timber
Road frontage on MO-F
Road frontage on Trade Winds Dr.
Road frontage on Lake View Ct.
Water & electric on-site 

TRACT 6:  
99 PLATTED LOTSLake Meadows Phases 1-3
US-169 & Lake Meadows Dr.
Lake Meadows Phases 1, 2 & 3
Zoned R-1 & Final Platted
Infrastructure complete
Gas, water, electric and sewer on-site
50 Homes already built and sold

AUCTION TERMS AND CONDITIONS:

 

AUCTION METHOD

The property will be offered in individual tracts, any combinations of tracts, or as a whole.  The property will be sold in the manner resulting in the highest total sales price.

 

REGISTRATION:

Registration will begin one hour before the auction. All bidders must provide name, address, phone number, social security number, and a valid driver’s license. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.

 

DOWN PAYMENT:

The successful bidder(s) shall be required to make a 10% down payment of the total purchase price at the auction site immediately following the close of bidding.  If a bidder pre-registers with the auction company by March 19, 2009 and provides a bank letter of credit or guarantee, a personal or business check will be accepted for the down payment.  If a bidder has not pre-registered then a $25,000 cashier’s check shall be required to bid and presented at registration.  A personal or business check to bring the balance up to 10% will be accepted.  The cashier’s check should be made payable to yourself and then shall be endorsed over to the escrow agent if you are a successful bidder.

 

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 at the auction site immediately following the close of bidding.  All final bid prices are subject to Seller approval. 

 

CLOSING:

Buyer(s) shall close within 30 days of the auction date. Possession will be delivered at closing subject to any remaining rights of the current tenant(s).

 

EVIDENCE OF TITLE

Seller shall furnish buyer(s) at buyer’s expense Commitment for Title Insurance in the amount of the total purchase price and shall execute a deed conveying the real estate to the buyer(s).

 

REAL ESTATE TAXES & ASSESSMENTS:

Any unpaid 2008 calendar year taxes shall be paid by the Seller at closing.  The 2009 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 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 this brochure was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it.  All acreages are approximate and have been estimated based on legal descriptions, aerials, tax records or farm service agencies.  All sketches and dimensions in this brochure 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 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 this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. 

 

STOCK PHOTOGRAPY

This brochure may contain pictures of wildlife and other items that are for illustrative purposes only.

I-435 to US-169, north approx. 8.5 miles through Smithville to MO-W.  Watch for signs.     

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AuctionServices
We are Kansas City's oldest and most experienced real estate auction company specializing in accelerated real estate sales in Missouri and Kansas, including Overland Park, Lenexa, Shawnee, Leawood, Kansas City, Lee's Summit, Olathe, Blue Springs, Independence, Liberty, Kearney, Parkville, Smithville, Gladstone, Clay County, Platte County, Jackson County, Johnson County, Wyandotte County, Leavenworth County, Cass County, Lake of the Ozarks, Lake Ozark, Sunrise Beach, Osage Beach, Four Seasons, Shawnee Bend, Miller County, Camden County, and around the Midwest. Kansas City auctioneers with regional expertise!