Live & Online Auction
5/31/2018 - 10:30AM
Open House May 20th, Noon to 3 PM
4020 Paradise Court NW
Cedar Rapids, IA, 52402
Open House May 20th, Noon to 3 PM. Beautiful Home! In conjunction with 4012 Paradise Court Auction. If the first home is to big, this one may be perfect! With just under 7,000 s/f of living, this high end, beautiful property has it all for you! From jaw dropping entrance to wide open kitchen/dining and living room, to bedrooms with en suites, a huge wide open basement plus a 4 door garage! You must check this one out!
- Stunning Property. This Property has NEVER been lived in! NEVER!
The main level features quite an amazing front entrance with custom swirl staircase with a massive and stunning chandelier! A must see!
The kitchen features dark stained cabinetry with corion top counters with all Samsung stainless appliances. The kitchen is open to the main dining area with ample natural light and is also open to the main living room with great visibility. The living room has custom built in cabinets and features a gas fireplace.
The kitchen also has entrance through French doors to an elegant dining room with built ins and a gas fireplace as well with smaller chandelier.
The last couple facts for this level are the large den area with French doors and the ½ bath.
The 2nd level boasts a beautiful view of the chandelier. It also has the Master Bedroom with large walk in closet as well as a gas fireplace and full en-suite bath with jet tub and double head walk in shower with steam room.
The 2nd bedroom features another large walk in closet with en-suite bathroom featuring double headed walk in shower.
The 3rd bedroom again features a large walk in closet with en-suite bath including a jet tub and walk shower as well.
The 4th bedroom is standard with two closets.
The 2nd level also has full laundry and another full bath with walk in shower.
The lower level is massive and wide open with all tiled floors. It features built in cabinets with gas fireplace and a second, smaller kitchen area with appliances and bar seating area.
This level has a large full bath with walk in shower with steam room.
The main services are on this level as well. Gas water heaters and Furnaces and 400-amp main panel in garage.
The square footage of this home as shown on the assessor’s page is approximately 4,930 s/f ± plus the full finished lower level for just under 7,000 s/f of total living area. Again, please conduct your due diligence when figuring square footage.
Terms and Condition of Real Estate Auction
- Auction Real Estate Terms & Conditions for:
4012 Paradise Court NW & 4020 Paradise Court NW, Cedar Rapids, Iowa
Vacant Lots: 316 4th Street SW & 408 4th Avenue SW, Cedar Rapids, Iowa
The Public Auction Sale of the Properties has been approved by Order of the U.S Bankruptcy Court for the Northern District of Iowa. This sale is being conducted pursuant to 11 U.S.C. section 363 and the Federal Rules of Bankruptcy Procedure. All bidders shall be governed by applicable state and federal law.
The Properties will be sold by legal description and for the benefit of secured parties.
Properties will be sold by cash offer or prequalified auction only. The auction is not subject to financing. If the Buyer needs financing, Buyer must secure the necessary proof of such financing prior to bidding on the Properties.
This auction is not subject to an appraisal. The Properties are not subject to any inspections after auction. Any appraisal or inspection must be completed prior to bidding on the Properties.
10% of selling price required day of sale as earnest money and to be deposited into Backes Realty LLC trust account. This is a nonrefundable deposit. If the Buyer cannot perform financially, or tries to avoid the transaction for any reason after the auction, they will forfeit the 10% earnest money.
Balance of the selling price due in full in 30 days or on a date acceptable to both parties whichever is sooner.
Buyer and Seller are each required to sign an Iowa State Bar Association Form, Offer and Acceptance and Disclosure Statement provided by Seller at the close of the auction.
A Merchantable Abstract of Title and a warranty deed provided by the Seller at the closing.
Real estate taxes will be paid by the Seller prorated to date of possession.
Possession of the Properties will be given at the closing.
Final bids on the Properties are subject to Seller approval.
Buyer acknowledges that Buyer has inspected the Properties and is bidding on the Properties in a “where is” “as is” condition with all faults whether known or unknown.
Surveying of the boundary lines of the Properties shall be the responsibility of the Buyer.
The 2017 assessed valuations as shown by the Cedar Rapids City Assessor are:
4012 Paradise: $1,962,000.00 4020 Paradise: $807,700.00 316 4th St. SW: $17,100.00 408 4th St. SW: $9,000.00
The 2017 gross property taxes as shown by the Cedar Rapids City Assessor are
4012 Paradise: $42,785.68 4020 Paradise: $17,589.45 316 4th St. SW: $588.61 408 4th St. SW: $195.99
When the bidding is “Closed” or “Suspended” by the auctioneer for any reason, the bidding will resume when all pertinent information has been determined.
Neither Dick Backes Auctioneers nor Backes Realty LLC assumes any responsibility for the accuracy of the information contained herein, although the information was obtained from sources considered to be reliable.
Announcements made the day of the auction sale take precedence over previous advertiseme