When an award-winning builder sets out to design and build his own personal residence, he does it right.
Cates Auction & Realty Co.
Such a home serves not only to meet individual lifestyle requirements, but also to showcase top-of-the-line features and finishes. As such, the finished product is a high quality home that’s built to last and loaded with all the extras.
On Friday, Oct. 25, at 12:30 p.m., Cates Auction & Realty Co., Inc. will be selling just such a home at 6111 NW Tiffany Springs Parkway in Kansas City, Mo. The builder is downsizing and wants the home sold now.
“After a change in family circumstances, I no longer need a home of this size so I chose to schedule an auction to get it sold before the end of the year,” he said. “Because my reserve was so low, relative to the value of the house, Cates encouraged me to make it public.”
And he did. The most recent appraisal was done in 2009 at a value of $1 million. The minimum bid at the auction is only $465,000.
Cates Vice President Greg Duncan explained, “What this means is that this incredible property will be sold to the highest bidder over $465,000. Obviously our seller knows the home is worth far more than that amount and hopes it brings a higher price, but he is committed to selling. What better way to prove it than to publish his low reserve?”
The six-bedroom home with five garages is located in the prestigious Thornhill subdivision near the Tiffany Greens Golf Course. Homes along the Parkway have stricter building standards than those on secondary residential streets. According to Duncan, the result is impressive curb appeal including a concrete tile roof and striking circle drive entrance with center fountain.
The tall octagonal master bathroom and turreted tower housing a circular staircase give the elevation a distinctive look. The large lot setting is enhanced by wooded common area along the western edge of the property.
Inside the sophisticated home the builder incorporated unusual ceiling treatments, hand-finished details and extra architectural flourishes like arches, bull-nosed edging and custom iron work. In preparation for sale the home was given all new interior paint and carpet.
While he likes the striking curved two-story wall of windows in the great room, Duncan said the grand staircase is his favorite feature. “It’s quite a dramatic effect. The round staircase has ornate custom-designed iron balusters topped with a graceful maple handrail. It soars past arched windows and wall sconces to a jaw-dropping round ceiling with contrasting paint details, a textured dome and a large Florentine lighting fixture.”
A full photo gallery, video tour, floor plans and other documents can be found at CatesAuction.com. Interested buyers can tour the home at an open house event from 2 to 4 p.m. today or Oct. 20. The auction sale will take place at the property at 12:30 on Friday, Oct. 25.
For those who need lots of square footage but prefer some acreage to go with it, one week later Cates will be selling a five-acre estate with an all-brick home that offers five bedrooms, nine bathrooms, six fireplaces, two full kitchens and a large indoor pool.
Originally built by a prominent Northland landowner, the home’s current owners have decided to downsize. According to Cates agent Chad Bender, the seller has already purchased a smaller home.
“They are ready to move just as soon as this property sells, so that’s why they chose auction marketing to speed the sale,” Bender said.
This home is located at 24605 Missouri 92, just east of Kearney, Mo. There is a photo gallery on the company’s website and the property will be available for viewing from 2 to 4 p.m. Oct. 20 and 27. It will be sold at auction at 1 p.m. Friday, Nov. 1.
Company President Jeff Cates is excited about both auctions. “These are two excellent homes and our company is pleased to be conducting the sales. In both cases we have owners who know they have wonderful properties and are also committed to selling quickly. The result is two tremendous buying opportunities.”
He also points out that the successful high bidders on both properties will be enjoying the holidays in their new homes.
Information on these and other Cates Auction & Realty properties scheduled for auction sale can be found at CatesAuction.com or by calling 816-781-1134. Sellers who want or need to have their properties sold prior to the end of the year are encouraged to call the company quickly for a property analysis and free consultation.