kansas-city-auction-company

3BR 2BA Hyde Park Bungalow w/Garage!

Investors! Quintessential Sturdy 1911 Bungalow Huge Front Deck over Garage. Ready to add a 2nd Floor!


Huge 3BR Bungalow with a nice big front deck. Large master in the back of the home. Kitchen/dining/living rooms w/ open floor plan. Ready to do a big modern fix or a gentle refurbish.Master bath has been updated. 

ONLINE BIDDING ONLY
Began: 12/16/19 at 3:00 PM CST
Ended: 01/23/20 at 3:00 PM CST

OPEN HOUSE: SUNDAYS, JANUARY 5TH & 12TH; 2-4PM

4241 Holmes Street, Kansas City, MO  64112

3BR 2BA Hyde Park Bungalow w/ Garage!

Investors! Quintissential Sturdy 1911 3BR 2 BA Bungalow Huge Front Deck over Garage. Ready to add a 2nd Floor. Large master bedroom with updated bathroom. Kitchen/dining/living rooms w/ open floor plan. Ready to do a big modern fix w/ added 2nd floor or a gentle refurbish.

Click the Bid Online button to register and Bid Your Price online.  This wonderful property sells to the highest online bid over the low reserve!

The Location – Historic Hyde Park Minutes from:

• The Plaza
• Westport
• UMKC
• Rockhurst
• Downtown
• KC Art Institute & Museums

Exterior Highlights:
• Huge front deck
• Fenced back yard
• Driveway and garage

Interior Highlights:
• Hardwood floors
• Large Closets
• Tons of Windows
• Entry Room
• Open Living & Dining Space
• 2nd Floor ready for remodel & adding rooms!
• Tons of space in basement garage
• Remodeled master bath
• Huge utility room w/ gas or electric dryer hook ups

 

Property Specifications:

Floor Plan: Bungalow
Construction: Wood & Frame
Roof:
Bedrooms: 3
Bathrooms: 2
Garage: Yes
Basement: Yes
Schools: Kansas City
Fireplace:
Other Rooms:
Square Feet: 1,469
Year Built: 1911
2018 Taxes: 1,451

  

“ONLINE ONLY” REAL ESTATE BIDDING

AUCTION TERMS AND CONDITIONS

REGISTRATION:

Proper and complete online registration is required to bid. All bidders must provide valid contact information including full name, address, phone number, and email address to register. A credit card (MC, Visa or Discover) is also required and will be validated before bidding access is granted, but is not a recognized form of payment for the earnest money deposit or purchase price.  Bidders may also be required to provide proof of funds, bank letter of credit or other financial documentation if deemed necessary. 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.

 

ONLINE BIDDING:

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 can either bid the next bid increment being asked for or enter a maximum bid by clicking the “SET MAX” feature.  This feature allows a bidder to enter their maximum bid and authorizes the system to only bid the smallest acceptable bid increment on their behalf when they have been outbid and only up to their maximum bid. The benefit is, not having to login and physically bid each time you have been outbid. In the case of an auction with a reserve, if the maximum bid entered is less than the reserve, the system will place the bid at the bidder’s maximum bid.  If the reserve has been met or it is an auction without reserve, the system will only bid the smallest acceptable bid increment on the bidders behalf when they have been outbid and only up to their maximum bid.  This auction utilizes a “Soft Close” feature that automatically extends the bidding time if a bid is received in the last 2 minutes of the auction. These extensions will continue until 2 minutes have lapsed without any bidding activity, at which time the auction is concluded. The benefit of these extensions is to provide an even playing field for all bidders.

 

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 the high 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 

                                            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 and provide a pre-approval letter from their lender.

 

CONTRACT SIGNING:

At the conclusion of the auction the Winning Bidder will be notified and receive an email and/or phone call confirming their 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 auctions. Please note that property-specific purchase contracts are available prior to the auction end date and 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 of the auction. If approval is denied, all documents and the deposit will be returned immediately.

 

EARNEST MONEY DEPOSIT:

The Winning Bidder shall be required to make an earnest money deposit equal to five percent (5%) of the total purchase price.  This deposit must be received by wire transfer (or by certified funds), by the 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 earnest money deposit, charged to the credit card used at registration, and will not be allowed to bid in any future auctions.

 

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 warranty deed conveying the real estate to the buyer(s).

 

REAL ESTATE TAXES & ASSESSMENTS:

2020 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) is offered to all participating properly licensed Brokers.  This commission will be paid at closing to the Broker representing the Winning Bidder, who has completed, returned and met the terms of the Broker Participation Agreement.  This agreement is available on our website and must be completed prior to the Broker’s bidder placing a bid 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, dimensions, square footage, acreage amounts, etc. 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 verification by all parties and 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 the auction end date.

 

We hope you enjoy bidding in this online auction!

Video: 3BR 2BA Hyde Park Bungalow w/Garage!

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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!