This auction will be conducted by Purple Wave McBride, Bob McBride, broker
Questions regarding real estate should be directed to Purple Wave McBride at 316.788.7253.
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Each auction has unique terms.
Monday through Friday9:00am to 5:00pm CDT
Saturday10:00am to 3:00pm CDT
We are closed on Sundays.
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Auction date and time
The auction will be held at 10 a.m. CDT on Saturday, June 7, 2008.
Close of bidding
Internet bidding closes before the auction at 9 a.m. CDT.
Property inspection
Open Houses will be held on Sunday, May 25 from 2 to 4 p.m. and Sunday, June 1 from 2 to 4 p.m. For other inspections please call our office at 316.788.7253 to schedule an appointment.
Auction location
The auction will be conducted at the property location.
Legal description
LOTS 58-60-62-64-66 THIRD ST. AKIN'S ADD
Taxes
General taxes in 2007 were $2356.47.
Special taxes were $3.65 in 2007.
628 E. Park
This home is located just a few blocks from the city park, swimming pool/aquatic center, tennis courts, basketball courts, fitness center, all Clearwater schools, and downtown Clearwater. It was originally built in 1930 and still has some of the wood floor boards and molding in the original interior. Approximately 3000 square feet were added to the original home, including the new second entrance, the kitchen, a breezeway into the workshop, and the huge great room with skylights. Gorgeous wood floors shine throughout most of the main level, as well as brand new carpeting. Tilt-in dual-paned Pella/Anderson vinyl windows, three bedrooms, two bathrooms and over 2800 square feet of finished space, not including the square feet in the unfinished basements. The two unfinished basements feature a finished 17'x14' office space with an escape window that could be used as an additional bedroom. The great room adjoins the kitchen and serves as the formal dining room as well. The great room/kitchen area is light and bright, with the bay window, patio access, and skylights shining downing from the vaulted ceilings onto the newly refinished maple hardwood flooring (meticulously conserved from the Wellington basketball court). The custom designed kitchen serves families well with an eating bar, dishwasher, flat cook-top range and oak cabinets all viewing out to the living room, breakfast area and the back deck. Boasting two separate main entrances, the foyer is a room in itself (12'x20') and could also function as a formal living room. Designed to retire in, all utilities are conveniently located on the main floor including the 8'x14' laundry room with new laminate tile flooring, built-in shelving, and a closet. The newly remodeled bathroom features a shower, whirlpool tub, two levels of sinks, top of the line fixtures, and beautiful ceramic tile. Some of the features include a new heater and air conditioner in 2007, a tank-less hot water heater, vinyl siding, and irrigation well. The house was designed to be handicap accessible if the need should arise with wide hallways and doors.
Outside you will find landscaping featuring red bud, magnolia, pin oak, prairie fire crab, flowering pear, sycamore trees, two wooden decks and a wooden front porch. A 48'x48' cinder block fully insulated workshop/5-car garage with heater, three external doors(two 10'x10’s and one 6'x8'), and two air conditioned/heated offices. The workshop/5-car garage features various 220’s for welding or various projects, a 12'x22' bridge crane(chain hoist does not stay with the home), 30 amp duplex plugs generously spaced for convenience, 6" thick concrete flooring with a built in drainage ditch, and is set up to run compressed air from multiple locations.
628 E. Park
Bedroom Details
The master bedroom is 12'10x13'5 on the main level with new carpet. Bedroom number two is 11'2x13'5 and is on the main level with new carpet and could be used as an office as it is located near the formal front foyer. Bedroom number three is 15'7x21'3 and was the original master bedroom featuring a sink/vanity area and his-n-hers closets. The room still could be used as the master bedroom and it is on the second floor accessed through the original curved staircase.
Living Room
The living room is a massive 23'1x29'2 with maple wood floors (refurbished meticulously from the Wellington basketball court). It is on the main level adjoining the eat-in kitchen and also serves as the formal dining room with a large bay window and vaulted ceilings.
Kitchen
The oversized family style kitchen is 18'4x13'5. It features oak custom cabinetry, an eating bar, a breakfast area overlooking the deck, and some glass front cabinets for displaying your collectibles. The sale will include the dishwasher, disposal, and a flat cook top oven range.
628 E. Park
Bathroom
There are two bathrooms on the main level. The first features a shower adjoins the back door and could be used as a mudroom entrance from the shed. The second is the more luxurious of the two and serves as the master bathroom. It has two levels of sinks, a separate shower, whirlpool tub, beautiful ceramic tiling, and Kohler fixtures.
Other Details
Upgraded dual pane tilt in Anderson/Pella vinyl windows, vinyl siding, seamless guttering, Bosch tank-less hot water heater, irrigation well, handicap accessibility is possible, remodeling throughout with top of the line appliances/fixtures, two main entrances, 48'x48' heated shed with two air conditioned/heated offices and three doors, new energy efficient heater(90 percent efficiency) and A/C(5 ton 13 seer 90 percent) in August 2007. Five car garage/shed.
School District Clearwater USD 264
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628 E. Park
Thoroughly read the property information document and familiarize yourself with the properties offered and the auction terms and conditions. If you will require financing, please see a lender for pre-qualification. If you have questions about the terms, conditions or purchase agreement, contact our office and speak with one of the auction staff.
Attend an open house/preview and inspect or drive-by each property in which you are interested. Establish a range of value for the property and bid within your limits. We do not recommend that you bid on a property that you have not seen. There is not an inspection period after the auction.
The deposit listed in the terms is due upon being declared the winning bidder on auction day. The deposit is non-refundable.
When preparing a sealed bid, if offered, read through the property information package. It may contain title information, income/expense statements, surveys, and general property information. It will also completely detail the sealed bid process.
All information about the property has been provided by the seller. All bidders must verify all information to their own satisfaction prior to bidding.
Immediately upon completion of the auction, winning bidders will be required to execute an Auction Contract. Please be prepared to close the transaction within 30 days.
Buying real estate at auction is simple and easy.
Good luck in your bidding!
For the properties located at 628 E. Park in Clearwater, KS, to be auctioned on Saturday, June 7, 2008, a commission will be paid to any properly licensed real estate broker whose buyer is the successful purchaser for this property and who actually closes and pays the total contract sale price for the property. The commission shall be paid as follows:
Three percent commission will be paid on any pre-sale or written opening bid amount shown on the broker participation form, included in this document or available upon request. A one percent commission will be paid on the amount by which the successful high bid at auction, not including the buyer's premium, exceeds the bid amount indicated on the broker participation form.
To earn the buyer broker commission, the participating broker must register his or her bidder by completing the broker participation form in full and must fax, mail, or email it to the auctioneer. The form must be received no later than 24 hours prior to the start of the auction.
Download broker registration form
The form should be sent to
Purple Wave McBride
205 W Crestway Ave. Suite 300
Derby, KS 67037
mcbride@purplewave.com
316.788.7253 voice
316.788.8969 fax
Conditions of sale
Everyone must register for a bidding
number.
Sale proceeds
All proceeds from this sale will be donated to the Wichita State University General Scholarship Fund.
Buyer's premium
A 10% buyer's premium will be added to
the winning bid to establish the contract price. For example, a bid of $100,000 will be assessed a $10,000 buyer's premium, creating a contract price of $110,000.
Title, Restrictions
Seller warrants to convey marketable
title to the property through a warranty deed, free from all encumbrances,
liens, or judgments at the time of closing. However, the property is sold
subject to all city, county, and state laws, ordinances, and regulations as well
as any and all easements, encumbrances, and restrictions of record applicable to
the property. Seller is imposing no restrictions on the property.
Release
By its acceptance of the deed, buyer shall be
deemed to release seller, Purple Wave Realty, LLC, and Purple Wave, Inc. from
any and all claims and liabilities relating to any defect, deficiency of other
matter concerning the property including, without limitation, the quality,
condition, quantity, or use of the property. Sellers, Purple Wave Realty, LLC,
and Purple Wave, Inc. give no warranties of any kind either expressed or
implied, with respect to the condition, merchantability, useability, size,
configuration, design, or suitability of the property.
Legal Remedies
Bids are a binding offer to enter a
contract and you are responsible for honoring them. Every legal remedy available
will be used to ensure performance of buyer's obligations. Buyer agrees, for
buyer and all of buyer's agents, representatives, successors and assigns to
release and indemnify, defend and hold harmless sellers, Purple Wave Realty,
LLC, Purple Wave, Inc., their employees, governing body, officers, owners,
affiliates, subsidiaries, directors, agents, and representatives from and
against any and all claims, losses, damages, liabilities, judgments, fees,
costs, and expenses including reasonable attorneys' fees and expenses related
to, arising from, or associated with (I) the sale of the property, including,
but not limited to, personal injuries or property damage incurred on the sale
premises or during removal and transport of any auction item, (II) buyer's use
of Purple Wave, Inc.'s website and online bidding features and (III) a dispute
with another bidder.
Arbitration
For disputes between buyer and seller, Purple
Wave Realty, LLC and/or Purple Wave, Inc., that are not resolved by the parties
within ten days after any party gives notice to the others of its desire to
arbitrate the dispute, the dispute shall be settled by binding arbitration by
the American Arbitration Association ("AAA") in accord with its then-prevailing
rules. Such arbitration shall be conducted in Manhattan, Kansas. Judgment upon
the arbitration award may be entered in any court having jurisdiction. The
arbitrator shall have no power to change the provisions of this agreement. The
arbitrator shall consist of one arbitrator, who must be a real estate attorney
actively engaged in the practice of law for at least the last five years. The
party demanding arbitration shall pay all filing fees necessary to commence the
arbitration under AAA rules.
Internet bidding
Bidders may place absentee bids via the
Internet pre-auction bidding features available at www.purplewave.com. Purple
Wave Realty, LLC and Purple Wave, Inc. will implement Internet pre-auction
absentee bids on behalf of the bidders who place them, but no guarantees are
made that the bidder with the highest Internet bid before the live auction will
be the ultimate winning bidder of any tract or combination of tracts. Purple
Wave Realty, LLC and Purple Wave, Inc. strive to implement Internet pre-auction
absentee bids effectively, but no implementation guarantees or warranties are
made.
Bid rejection
Purple Wave Realty, LLC and Purple Wave,
Inc. reserve the right to reject any and all bids from any bidder.
Bid retraction
By placing a bid, bidders acknowledge all
terms of this auction and agree not to retract the bid. If a bidder cannot
satisfy the terms of the auction, the bidder should not bid.
Assessment of condition
All bidders should rely solely on
their or their agent's personal inspection of the property and not on
information listed in property information documents, on www.purplewave.com, or
otherwise provided by Purple Wave Realty, LLC, Purple Wave, Inc. or seller.
Failure to inspect, or otherwise be fully informed as to the nature, quality,
condition, quantity, and size of any property will not constitute grounds for
any claim, adjustment, refund, termination of the Auction Contract or refusal to
close the sale. Any information provided about the property has been provided by
seller or is a matter of public record.
Auction Contract
Immediately after Auctioneer declares
winning bidder(s), the winning bidder(s) will be required to execute an auction
contract ("Auction Contract") in a form that is available for prior inspection
either on this website or from Purple Wave Realty, LLC.
Real estate brokerage services disclosure
Purple Wave
Realty, LLC, and its auctioneer, Purple Wave, Inc., represent the seller in this
transaction. They do not represent the buyer in any manner and they must be
completely loyal and faithful to the seller. Purple Wave Realty, LLC, has an
exclusive right to the listing for this transaction. All negotiations must be
conducted through Purple Wave Realty, LLC. All successful bidders will be
required to sign an agency disclosure form at the time of signing the Auction
Contract, as applicable.
Property Dimensions and Units
The property will be sold
by the tract, not the acre. Acreages used in promotional and sales materials are
a guide and subject to change pending surveys obtained by buyers after the
auction. Descriptions are believed to be correct, however neither Purple Wave
Realty, LLC, Purple Wave, Inc., nor seller(s) warrant or guarentee precise
accuracy and will not be held responsible for discrepancies or inaccuracies.
Utilities
Neither Purple Wave Realty, Purple Wave
Auction, Inc. nor the seller guarantees the availability of utilities, public or
private. This exclusion consists of, but is not limited to, wells, septic tanks,
access to public utilities, or any hook-up fees therewith. Confirmation of
utility availability is the bidder's sole responsibility.
Payment Terms & No Contingencies
A non-refundable
deposit equal to $5,000 will be collected from the winning bidder. The balance shall be payable in cash on the closing date. This transaction is not contingent on the buyer obtaining financing or upon any other event except as specifically referred to in these terms and conditions or the Auction Contract. Personal or business checks for the deposit amount will be accepted with a bank letter guarantying payment of such funds.
Remedies
If buyer does not close within the time stated
herein and in the Auction Contract, and no written extension has been granted by
the seller, the buyer will forfeit all of the deposit and Purple Wave Realty,
LLC, may disperse the deposit as stated in the agreement between Purple Wave
Realty, LLC, and seller. Notwithstanding the foregoing, seller may seek any
other relief or remedy in law or equity, including suing the buyer for specific
performance, which buyer expressly agrees is permitted, and/or any additional
damages the seller suffers by the default of the buyer.
Escrow
All monies collected on sale day will be deposited
in an escrow account with Kansas Secured Title.
Possession
Buyer shall receive possession of the property
on the closing date established in the Auction Contract, which is typically 30
days after the auction.
Closing Costs, Title Insurance and Other Transaction
Fees
Seller will pay one-half of the fees for escrow agent/closing
agent's services and one-half the cost of an owner's policy of title insurance.
Seller shall pay no other costs or fees. Buyer shall pay all other closing costs
and transaction fees associated with purchasing the property. Such costs and
fees include but are not limited one-half the cost of an owners' policy of title
insurance, fees charged by a lender or lenders, property insurance, mortgage
insurance, credit report(s), property legal survey, all recording fees, one-half
the fees for escrow agent/closing agent's services, termite or other pest
inspection fees, whole house or lead based paint inspection fees, and fees and
expenses charged by buyer's attorney.
Closing location and agent
The closing location and agent
will be determined on or before the auction date and reflected in the Auction
Contract.
Taxes
Real estate, personal property, and other taxes or
governmental assessments against the property will be prorated to the day of
closing.
Miscellaneous
These terms, except as modified by the
Auctioneer during or prior to the auction, constitute the complete terms of this
auction. They shall be construed in accordance with and governed by the laws of
the state of Kansas. No delay or failure by seller to exercise any right
hereunder, and no partial or single exercise of such right shall constitute a
waiver of that or any other right, unless otherwise expressly provided in these
terms. These terms shall be binding upon and inure to the benefit of all
bidders, seller, Purple Wave Realty, LLC, Purple Wave, Inc., and their
respective heirs, legal representatives, and assigns.
