Whispering Cove Development Land Auction
18.96 Acres +/- On Riss Lake - Great Opportunity!
Bidding Begins to Close: Thursday, April 24th - 1:00pm
4301 Maywood Avenue; Kansas City, Missouri 64133
This urban area east of the Kansas City Chiefs Arrowhead football stadium and the Kansas City Royals Kaufman ballpark, has undergone a huge transition. The construction of Blue Ridge Crossing, a thriving shopping area including a Walmart Supercenter, Lowe's, Blue Ridge Bank, Applebee's, McDonalds and many other great locales has led to new homes sprouting up around the more mature neighborhoods. The Royal Meadows Golf Course continues to be a great play and the whole area has taken on new life! With the exceptional accessibility to Interstates 70 & I-435, the close proximity to the Country Club Plaza and the huge job base in Downtown Kansas City, this area holds great future potential.
Whispering Cove is 18.96 Acres +/- located within a mile of Blue Ridge Crossing. It is a planned future phase of the 384 unit Whispering Lake aparments. Whispering Lake is a 3 to 4 level garden apartment complex that wraps around Riss Lake. Whispering Cove offers several choice lot and building locations around the lake. The acerage narrowly fronts 43rd Street and continues south along Northern Avenue with lake frontage along the southwestern edge. Project development would require an extension to Northern Avenue with construction of a side street. The terrain slopes down to the lake and is somewhat hilly.
In 2003, a preliminary plan was approved for 135 townhome units. 7.15 units/acre, but zoning will allow for 14.5+/- units/acre. Approval for higher population density is available with a new plan.
Sanitary: 8-10" PVC line crosses the southern portion of the property. An 8" line runs along the south side of 43rd Street. The sewer line runs across Northern Avenue and southward just east of the property line. City of Kansas City, Missouri.
Water: 8" DIP line is on the west side of Northern Avenue, running north and south. Line stops at the south tip of Northern Avenue. City of Kansas City, Missouri.
Gas: 4" PCS line runs along the north side of 43rd Street. Missouri Gas Energy.
Electricity: On Site. Kansas City Power & Light.
Northern 100+/- feet of the site will need to be utilized for a storm sewer. Pipeline Easment bisects the east-central part of the site running north and south.
Raytown Quality Schools challenge students to live up to the promise of their expectations. Jumping up to a 12 out of 14 on the Annual Performance Report, the Raytown Quality Schools are about education in every sense of the word. Providing a unified learning community while leading individuals to acheive the exceptional is their primary focus.
THIS IS AN INTERNET ONLY AUCTION - If you prefer to turn in a bid in person, please call the office at 816-361-2600 to make arrangements.
Deposit: A non-refundable deposit of $7500.00 is required if you are the winning bidder. The winning bidder is required to bring the deposit to our office and execute a purchase agreement the next business day following the conclusion of the auction. Deposit must be in the form of Cashiers check, personal check with bank letter of guarantee or cash.
Buyers Premium: A 10% buyer's premium will be added to the final bid. If you bid $100,000.00 the total sale price will be $110,000.00.
Possession: Closing will take place within 30 days from the completion of the auction. Seller shall provide an owner's title policy to Buyer upon closing from a title company selected by Seller. Buyer & Seller will be responsible for customary closing costs issued by the title company.
Easements: The sale of this property is subject to any and all easements of record.
Real Estate Taxes: Real Estate taxes shall be prorated to date of possession.
Purchase Agreement: The successful bidder shall execute a purchase agreement the following business day after being declared the winning bidder by the auctioneer. Please Note: The purchase agreement will offer no contingencies, including but not limited to financing.
Terms: The property is being sold “AS IS, WHERE IS” without warranty or guarantee of any kind. Each potential buyer is encouraged to perform his/her own independent inspections, investigations, inquiries and due diligence concerning the described property.
Agency Disclosure: Mayo Auction & Realty is the selling agent and all parties employed by or associated with Mayo Auction & Realty represent the Seller in this transaction.
Financing: Terms for this auction are cash. The seller is offering no other terms or
contingencies. Therefore the buyer may NOT purchase this real estate subject to loan
approval.
Broker Participation: Mayo Auction & Realty encourages Broker/Agent participation. To qualify for a three percent (3%) Buyers Agent Commission, all Agents must register their client 24 hours prior to the auction closing. Bring your buyers. This is a good opportunity for you & your buyer. We teach you everything you need to know about the auction process.
Backup Bids: In the rare event that the winning bidder is unable to close on this transaction, we do accept backup bids. If you are not the winning bidder and would like to make a backup bid. Please call our office for the necessary paper work.
Dynamic Closing: The closing time of an asset is automatically extended an additional 15 minutes whenever a bid is placed within the last 5 minutes of the asset's closing time.
Server & Software Technical Issues: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Mayo Auction & Realty reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor MAYO AUCTION & REALTY SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Mayo Auction & Realty.
Warranty and Condition of Items Sold: All items are sold 'AS IS, WHERE IS', with NO WARRANTY expressed or implied. It is the responsibility of the buyer to determine the
condition of the items and bid accordingly. Descriptions are believed to be accurate
but not guaranteed. When you are not certain of the condition or use of an item
please bid accordingly.
Catalog Discrepancies: You are bidding on the described item not the photograph, occasionally the wrong photo may be displayed, always read the item description.
The auctioneer reserves the right to add or remove items from the auction; split or combine lots; add minimum bids or reserve prices; cancel, suspend, extend or reschedule an individual item or auction event. The auctioneer reserves the right to make changes to the auction closing times or inspection or removal times.
