Luxury Estate Auction: Stunning Custom Home on 4.5 Acres | Lee’s Summit, MO

Friday, October 14, 2016

Cates Auction & Realty Co., Inc.

I-435 to I-470 E/US-50 E to View High Dr., south until road  becomes SW Longview. 1950 will be on the left.

AUCTION TERMS AND CONDITIONS:

 

REGISTRATION:

Onsite bidder registration will begin one hour before the auction. Online bidder registration 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.  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 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 also be accepted from online 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. All final bid prices are subject to Seller approval, unless announced otherwise.

 

CLOSING:

Buyer(s) shall close within 45 days of the auction date. 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).

 

REAL ESTATE TAXES & ASSESSMENTS:

2016 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.

 

Lee's Summit, MO US
For Sale at Auction w/Seller's Reserve Only $490,000. Compared to appraisal of $900,000.

Sells to highest bidder over $490k! 4BR executive home on beautifully wooded 4.5 acre setting. Main level master suite, gourmet kitchen, antique wet bar, home theater, upgrades & custom finishes throughout. Appraised for $900k. 


OPEN HOUSE: SUNDAYS, SEPT. 25TH, OCT. 2ND & 9TH; 2-4PM

Sells to highest bidder over $490k! Gorgeous 4 bedroom executive home on beautifully wooded 4.5 acre setting. Main level master suite, gourmet kitchen, antique wet bar, home theater, upgrades and custom finishes throughout. Appraised for $900k.

THE HOME

Loaded with custom features and unexpected amenities, this truly is an executive estate home. The handsome exterior is an artful blending of hearty brick and stucco. The main level seamlessly incorporates formal and informal spaces for living and entertaining including spacious rooms, large arched windows, exceptional millwork, and a multi-room master suite. From lighted art niches and heated floors to “misting” decks and whole-house audio, every detail has been attended to in this expertly crafted luxury home.

MAIN FLOOR

ENTRY HALL: Elegant leaded glass front door with coordinating sidelights and large arched window above leads to dramatic 2-story entry. Grand curved wall & staircase with recessed panel wainscoting, patterned runner and iron balusters, gorgeous 25-light chandelier with center ceiling medallion, custom designed heated tile floor with inlaid marble. Opens to Dining Room and Great Room.

DINING ROOM: Wide arched entry with custom millwork, triple window overlooking front acreage, elegant bronze and frosted glass chandelier with center ceiling medallion, deep crown molding with recessed lighting, hardwood floor.

GREAT ROOM & MEDIA ROOM: Custom-finished textured walls with hand-glazed woodwork. Pair of arched windows frame a handsome oversized gas fireplace with arched iron doors, beautifully carved mantel, granite hearth and surround. Ornately carved antique European wet bar. Back hall access to decks and Diner. Media Room features include 60-inch Panasonic mounted TV, Sonos controlled theater sound system, walk-in A/V control closet with built-in media storage and dramatic raised box ceiling with subtle fiber optic starlight effect.

CHEF’S KITCHEN: Custom cabinet designs with integrated furniture features, coordinated paint/stain finishes, raised panel and crown moldings, lighted glass-front accent cabinets, appliance garages, roll-out drawers, lazy Susans, work and ambient lighting options. Gorgeous granite countertops with ogee edge and coordinating stone backsplash. Stainless steel GE Profile appliances include side-by-side refrigerator with dispensers, dishwasher, trash compactor, microwave and double convection oven with 5-burner glass cooktop. Breakfast bar seating for two. Toe-kick central vac, classic copper finished ceiling, and hardwood floor. 

BREAKFAST ROOM: Striking double oversized arched windows look out to the patio, copper finished ceiling with heavy crown molding and architectural 8-pillar candle chandelier. Frame pattern hardwood floor. Opens to Kitchen and “Diner” Room.

“DINER” ROOM: Authentic 50’s style diner includes full-featured soda fountain bar with seating for 4, novelty lighting, fully operational train with overhead track and hand-painted ceiling detail. Yes, that’s a Jaguar XJS converted to booth seating with a custom made Jaguar glass table. Black & white checkered tile floor. Slider door to deck. (Could be repurposed to informal living or dining.) The ice cream machine, soda fountain, refrigerator and train, stay with the home.

HALL BATH: Leaded glass transom over door, single vanity with solid surface top and raised vessel sink with coordinating tile and backsplash, lighted built-in display shelf.

FAMILY ROOM: Generously-sized room with plenty of space for multiple uses. Large arched window looks out to front of estate, Tiffany-style chandelier perfect for game table, mounted 50-inch Panasonic TV, crown molding with ambient lighting, storage closet, door to front entry. Engineered Bamboo flooring.

OFFICE: Private space conveniently located on its own level just off the main stairs. Leaded glass door transom, hand-textured and glazed walls and ceiling detail, chair rail, intricate crown molding detail, bay of 3 arched double windows. Hardwood floor with inlaid center carpet.

MASTER SUITE: Leaded glass transom over double door entry leads to a wonderful full-featured owners’ retreat.

BEDROOM features an uncommon octagonal raised ceiling with center bronze/frosted glass chandelier, individual reading lights, and tall leaded glass windows. See-through fireplace is shared with the Sitting Room.

SITTING ROOM features built in bookcases, fireplace, and a large arched double window overlooking the front of the estate.

MASTER BATH offers a dual entrance walk-in closet with built ins, tray ceiling, furniture style double vanity with solid surface top with rope detailing and in-mirror TV. “Passport Ensemble” dual person jetted tub with tile surround, arched window and wall sconces. Oversized fully tiled walk-in shower with glass door, in wall storage, seating bench, and rain effect shower head. Linen closet and private toilet room.

All SEASON RETREAT: Floor-to-ceiling screens with wooded views, bead board paneled walls and ceiling, ceiling fan, tile floor and floor drain. 7-person hot tub with cover. Water spigot.

LAUNDRY ROOM: Full size sink with ample cabinets and work surfaces, space for additional refrigerator, leaded glass features, access to garage and side patio.

GARAGE: Three-car garage with carriage-style double door and single door, painted concrete floor, 14 ft. ceilings, hot and cold water spigot. Pedestrian door. Central vac.

UPPER FLOOR

LANDING: Convenient sitting room at the top of the main staircase that overlooks the Entry Hall and provides a private entrance to three additional bedrooms and two bathrooms.

BEDROOM 2: Dual windows with western views, built-in shelving, ceiling fan with lights, walk-in closet. Carpet. Private full bathroom with single vanity, shower/tub combo.

BEDROOM 3: Two windows with built-in bench seating and storage, double-door closet, ceiling fan with lights. Private vanity and Hollywood bath shared with Bedroom 4.

HOLLYWOOD BATH: Custom tiled tub/shower combo and toilet. Connects with bedrooms 3 & 4.

BEDROOM 4: Double windows, built-in display shelving & storage, walk-in closet, ceiling fan with lights. Private vanity and Hollywood bath shared with Bedroom 3.

LOWER FLOOR

HOBBY ROOM: Bay area with triple windows, ceiling fan, recessed lighting. Carpet.

LANDING AREA: Built-in bookshelves, carpet.

BATHROOM: Single vanity powder room with ceramic tile floor.

MULTI-PURPOSE ROOM(S): Large unfished space with plenty of square footage for a variety of uses including workshop, fitness, playroom or options for creating additional finished living areas.

STORAGE: 3 separate storage areas.

SECOND GARAGE: Lower-level entrance. Hot and cold water spigot.

MORE HOME FEATURES:

  • 20’ ceilings in atrium
  • Whole house audio w/SONOS
  • Beautiful millwork including deep crown molding and 6-inch baseboards throughout
  • Lighted in-wall art niches
  • Dual Zoned HVAC (Trane furnace w/humidifier)
  • Computer controlled water softener
  • Central vacuum
  • Heated tile floors
  • GE Profile Stainless steel appliances
  • Front and back staircases
  • Remarkable materials & craftsmanship

ADDITIONAL EXTERIOR FEATURES:

  • Wrap-around Trex decking with plumbed water misters
  • Remote controlled 20’ shade awning
  • Large tiled patio
  • Brick-trimmed driveway and circular brick entry
  • Lifetime 60” basketball goal
  • Multi-station playground equipment
  • Lush professional landscaping
  • Gazebo & bridge; recirculating pond with 2 waterfalls
  • Irrigation system
  • Security system

THE SETTING

Just inside either of the two entrances to the estate is a delightful and unexpected wooded oasis from the bustling city around it. The home sits on 4.5 pristine acres with lush lawns and a delightful mix of gorgeous mature trees. A large circle drive with landscaped island greets visitors to the main entrance. A gurgling creek runs under the bridge to the gazebo. A restored turn-of-the-century barn completes the picture-perfect setting. It’s easy to forget that the conveniences of city life lie just beyond the gates!

2-STORY BARN: Stone foundation, 10-inch concrete main floor, 3 stalls, electricity with ample lighting and outlets throughout both levels. Double sliding doors on each end of the main level. Separate asphalt drive with gated entrance.

AUCTIONEER’S NOTE

How unusual to find a truly private acreage in such a convenient location. The sellers have moved out of state and chosen to expedite the sale of their estate at public auction. Though the current appraisal is $900,000, they have set the auction reserve at only $490,000 and authorized us to publish it. This is an unparalleled opportunity to own a genuinely exceptional property at your price. See it for yourself at an open house and then make your pre-auction offer or join us at the auction on October 14th.

FAST FACTS:

  • 4.5 acres
  • Home built in 2001
  • 1.5 stories; brick & stucco
  • 5,000 finished sq. ft. (approx.) 
  • 4 bedrooms; 3 full baths, 2 half baths
  • 2 garages with total of 4 spaces
  • Utilities:
    • Central gas heating
    • Central electric cooling
    • City water
    • 1-year home warranty included
    • Restored turn-of-the-century 2-story barn
    • Open houses: 9/25, 10/2 and 10/9; 2-4PM
    • Live auction: 10/14 at 10AM
    • Seller’s reserve only $490,000! (Current tax appraisal $900,000.)

3 EASY WAYS TO BUY…

  1. Buy it now. Call for details about buying the property in advance of the auction.
  2. Bid live online. Advance registration required.
  3. Bid live onsite. Registration opens at 9am.


To see personal property associated with this auction click HERE.

Photo Gallery

Disclaimer:

Announcement: Information contained herein is presented on behalf of the seller. Cates Auction & Realty Co., Inc., agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.