86 GIMLET ROAD KETCHUM/SUN VALLEY, IDAHO - Absolute Auction Monday, November 2, 2015 at 11:00 a.m.
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86 GIMLET ROAD
KETCHUM/SUN VALLEY, IDAHO
Absolute Auction Monday, November 2, 2015 at 11:00 a.m.
This Truly Absolute Auction will be conducted on the Property Site, beginning at 11:00 a.m., MT on Monday, November 2nd, 2015. Registration for the Auction will begin two hours before the Auction, at 9:00 a.m., MT. For Early Registration and Absentee / Phone Bidding, please call our offices at 1.800.332.3767. To register for the Auction you must show your driver’s license and a deposit in the amount of Two Hundred Thousand Dollars ($200,000) certified or cashier’s check and a blank personal check to our Registration Clerk on site. Bidders should make the checks payable to themselves. The successful bidder/s will then sign the checks over to the Escrow Agent. Preview: Open Houses begin Saturday, October 10th, 2015, from 1-4 PM and will continue every Saturday and Sunday from 1-4 PM until the auction. The last scheduled open house for this estate will be held on Sunday, November 1st, 2015 from 1-4 PM, the day before the auction. Private appoint- ments to preview the property prior to our Open Houses are also available by calling the DeCaro Offices at 1.800.332.3767. DISCLAIMER These properties are being sold in their existing “as is where is” condition, with no expressed or implied guarantees or warranties whatsoever. It is the Purchaser’s sole responsibility to perform all inspections and to be satisfied as to the properties condition prior to bidding. Personal on-site inspection of the properties is recommended and Bidders are advised to independently verify all information they deem important. DeCaro Real Estate Auctions, Inc., and its agents and sub-agents, and the Sellers assume no liability for errors or omissions in this or any other property listing or advertising or promotional/publicity statements and materials. Although information has been obtained from resources deemed reliable, the Auctioneer or DeCaro Real Estate Auctions, Inc., Seller or Seller’s Agent makes no guarantee as to the accuracy of the information herein contained or in any other property listing or advertising or promotion/ publicity statements and materials. All information contained in the Bidder Information Package, website or any oth- er promotional materials, including but not limited to: square footages, acreage, dimensions, maps, taxes, etc. were provided by the Seller and or Seller’s Agent and is believed to be correct. However, neither the Seller, Seller’s Agent nor the Auction Company makes any guarantee or warranty as to the accuracy or completeness of such information. Purchaser and or Purchaser’s Agent/Broker shall bear the sole responsibility to confirm all information relevant to the properties prior to bidding. Neither the Seller, the Broker or the Auction Company shall be liable for any relief, or ad- justments based on the failure of the property, including, but not limited to: amount of acreage, square footage, zoning or environmental condition to conform to any specific standard, expectation, or any published information. By bidding on these properties, Purchaser agrees to the above.
Features and Amenities Include:
Completed in 2007, 2014 taxes approximately $67,000.
Main House Interior
• Reclaimed pine wainscoting
• Walk in refrigerator
• Limestone countertops with fossils
• Pillars on kitchen island were dug from a river in Egypt
• French antique iron plates on both ends of center island/table
• Two sets of single track Nano doors extend the size of the room
• Reclaimed oak floors from vintage flooring company
• Amazing views
• Doorknobs were custom made with Gaelic knots by Sun Valley Bronze.
• Second bedroom has a hidden loft
• Master bedroom has hidden shades
• Master closet is by Poliform Closets
North Wing Interior
• Bonus room (end of hall)
• Loft for fun or storage
• Custom built in beds in bedrooms
• Media room with custom made sunken sectional. Most comfortable ever!
• 105 inch TV
• Large mud room with a locker for everyone to store their sports gear
• Electronically controlled dog door
• Large and sunny laundry room
• Hallway bridges are made with reclaimed barn wood and beams
• Missoni wool carpet
• Additional laundry room upstairs
• Custom made doors from reclaimed fir
South Wing Interior
• Belgium blue stone floors
• Brick walls and floors from old brick found in a field in Maine
• Antique Pub from Ireland
• Lights over table are from old ships
• Chain on sconces in center of room are from an old ship
• Colorful carpet is by Missoni
• Upstairs floors are reclaimed pine
• Two sets of Nano doors
Guesthouse
• Hickory floors
• Custom made snowflake fireplace screen by local artisan
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Exterior Features and Amenities Include:
• Unique drive through garage design, main circle of the pavers in front are heated
• Plexipave tennis court-highest level of performance and cushioning
• Enclosed garden for growing organic fruits and vegetables
• All exterior stone is from the Yangtze River valley in China, featuring ancient
fossils and unique tooling marks throughout the stone.
• Stone walled walkway lined with beautiful lavender, bougainvillea covered trellis
• Large saltwater pool with diving board, basketball hoop and lounging platform.
• Two outdoor living rooms, outdoor fireplace and abundant entertaining areas
• Nearly 13 acres of flat usable landscaped grounds, fenced and gated
• Property backs to Bureau of Land Management, no one will ever build behind you
• Stone on home is from a quarry in Montana that is now closed
• Back lawn is large and flat, perfect for family football games, soccer or
badminton games, and special events such as parties or weddings
• 360 Degree views are one of the best in the country
• Nothing compares to the amount of wildlife that visits this property, morning and
evening there can be as many as fifty elk roaming the property
Additional
Features
and
Amenities
Include:
• Direct
mountain
access
(seasonal
skiing)
• Nearby
trout
stream
(fly-‐fishing)
• Close
to
championship
golf
courses
• 10
Minutes
from
Sun
Valley
Ski
Resort
• Home
designed
by
the
acclaimed
Robert
Maloney,
completed
in
2007
• Geothermal
open
heating
• Main
House
has
6
bedrooms,
4
full
bathrooms
and
2
half
baths
• Expansive
gourmet
kitchen
with
majestic
views
• Wine
cellar
• Elevator
• Recreational
barn
with
entertainment
options
• Guest
House
has
full
kitchen,
2
bedrooms,
2
bathrooms
and
a
2-‐car
garage
This
magnificent
estate
will
be
auctioned
on-‐site,
Truly
Absolute
by
DeCaro
Luxury
Auctions
on
Monday,
November
2nd,
2015
at
11:00
a.m.
MT.
The
property
will
be
sold
to
the
Highest
Bidder,
WITHOUT
RESERVE.
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Ernest Hemingway found his inspiration in Ketchum, Idaho -- a beautiful, rustic town located
about 1 mile away from one of the world’s most stunning and truly natural ski territories. A
prime location for legendary fly-fishing, hunting, snowboarding, whitewater rafting, golfing, and
horseback riding, it isn’t surprising that Hollywood’s most elite stars consider this very region a
favorite retreat, boasting lush forests, rare geological formations, and a waterfall more lofty than
Niagara’s. Our country’s most scenic and cultural wonders await your exploration...
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This unique estate adds celebrity flair to the wilderness. One very fortunate bidder will be the
new owner when it is sold at Absolute Auction by DeCaro Luxury Auctions on Monday, Novem-
ber 2nd at 11:00 a.m. in Ketchum/Sun Valley, Idaho. The property will be sold Truly Absolute to
the highest bidder WITHOUT RESERVE.
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Page 1 of 3 for Phone and Absentee Bidding
LIMITED DURABLE POWER OF ATTORNEY
Bidder hereby appoints _________________________________ as Bidder's attorney-in-
fact, with the power to do the following:
For the Auction of: 86 Gimlet Road, Ketchum, Idaho on Monday, November 2nd,
2015, at 11:00 AM, MT he will:
1. Sign the Bid Acceptance Form confirming the bid price and the Buyer's
Premium.
2. Complete and initial the Contract/Purchase Agreement on Bidder's behalf by
filling in the Purchase Price, which is composed of the final bid plus the
Buyer's Premium, all as detailed in the Terms and Conditions of Sale, provided
herein, and any related terms.
3. This Limited Durable Power of Attorney shall survive my disability.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this ______day of
_____________, 2015.
_________________________________________ _______________________________
Bidder Signature Bidder Print Name
Signed, sealed and delivered in the presence of:
STATE OF ___________________ COUNTY OF _______________________
BEFORE ME, the undersigned authority, personally appeared:
, being by me first duly sworn, deposes and
says that he/she executed the above and foregoing Limited Power of Attorney for the uses
and purposes therein expressed. He / she is personally known to me or he/she produced
as identification.
WITNESS my hand and official seal on this day of _, 2015.
__________________________________________________________________________Notary Public
Typed, printed or stamped name of Notary Public
My Commission Expires:
27Page 2 of 3 for Phone and Absentee Bidding
BIDDING BY PHONE AGREEMENT
Bidder Name:
Property you are bidding on: 86 Gimlet Road, Ketchum, Idaho.
Bidder Phone Number: __________________ Alternate Phone Number: __________________
PHONE BIDDING TERMS
1. Telephone bidding is accepted at the Auctioneer’s sole discretion.
2. All phone bids must be arranged and confirmed by 5:00 PM, MT, on Friday,
October 30th, 2015 prior to the scheduled Auction.
3. The Auction is expected to start on time. However, delays are possible and you
should plan accordingly.
4. DeCaro and Seller are not responsible for any damages related to phone bidding,
including, by way of example and not limitation, inability to submit bids based on
changes in Auction time, busy signals, missed calls, disconnected calls and poor
phone reception.
5. A DeCaro agent will call you from the Auction several minutes before the
Auction begins. All conversations may be recorded; and by signing this
Agreement, you consent to such recording.
6. Only the person named above as the Bidder in this Authorization will be
authorized to bid by phone.
AUTHORIZATION REQUIREMENTS
1. TERMS AND CONDITIONS OF SALE / PURCHASE AND SALE
CONTRACT - The Terms and Conditions of Sale (the "Terms and Conditions") and the As-Is
Purchase and Sale Agreement, any Addendum to “As-Is” Purchase and Sale Agreement
(Buyer at Auction); (collectively the "Contract"), are a material part of this Authorization, are
attached hereto, incorporated herein, and made a part hereof by reference. Both the Terms
and Conditions and the Contract must be signed and returned with this Authorization in order
for the Authorization to be considered.
2. BID DEPOSIT – By 5:00 PM, MT on Friday, October 30th, 2015 the Title
Company must have received the Bid Deposit from Bidder in the amount of $200,000 by
wire transfer.
28Page 3 of 3 for Phone and Absentee Bidding
WIRING INSTRUCTIONS
Bank: Mountain West Bank (a Division of Glacier Bank)
Address: 331 N. Leadville Ave., Ketchum, ID 83340
Account Name: Blaine County Title, Inc. Trust Account
Routing/ABA #: 123171955
Account #: 833100002193 Please reference: 86 Gimlet Road, Ketchum, Idaho Auction.
If Bidder is successful at the auction, Bidder shall wire sufficient funds to bring the total
deposit to ten percent (10%) of the Purchase Price by Tuesday, November 3rd, 2015.
The Bid Deposit shall be handled in accordance with Paragraphs 2 and 3 of the Terms and
Conditions of Sale. Bidder shall pay all wire transfer fees.
Please include the wire instructions for the return of your funds if you are not the high
Bidder:
Your Bank: ______________________________________________________________
Your Bank Address: _______________________________________________________
Your Bank’s ABA/Routing #___________________ Account #: __________________
For Credit to: _____________________________________________________________
BIDDER REPRESENTATIONS
1. I have read and signed the Terms and Conditions and the Contract, and I
understand that the Purchase Price, Buyer’s Premium, and related terms will be added and
initiated by Auctioneer if I am the highest Bidder.
2. At any time subsequent to the Auction, the Settlement Agent may, but is not
required to, submit a second copy of the contract to me with a request for an original signature.
Such copy shall include the information added by your Attorney-in-Fact pursuant to the
Limited Durable Power of Attorney executed by you and incorporated herein by reference. I
am obligated to provide an original signature.
3. I understand that failure to proceed with the purchase will result in forfeiture of
the Bid Deposit and any additional deposit, in addition to and may subject me to any other
remedies set forth in the Terms and Conditions of Sale and the Contract.
Date: Bidder Signature:
Bidder Print Name:
29ABSOLUTE AUCTION TERMS AND CONDITIONS OF SALE
Property Address: 86 Gimlet Rd, Ketchum, ID 83340 Auction Date: Monday, November 2nd, 2015 at 11:00 AM (MT)
1. Bidding. All bidding is open to the public without regard to race, color, sex, religion, familial status, handicap or national
origin. Sale is not subject to financing.
2. Bidder’s Card. To obtain a bidder's card at the time and place of the Auction, you must present the Registration Clerk with
your valid driver’s license and a certified or cashier’s check in the amount of $200,000 and a blank personal check. All certified or
cashier’s checks are to be made payable to yourself and shall be endorsed over to the Settlement Agent at the Auction if you are the
highest bidder. Only the highest bidder on the property will be required to deposit any moneys at the Auction. At the time of
registration, you must sign these Terms and Conditions of Sale as agreed and understood.
3. Earnest Money. Immediately following the Auction the Buyer shall be required to pay a deposit for the property equal to ten
percent (10%) of the purchase price. The deposit shall be a combination of the $200,000 cashier’s or certified check plus a personal
check in an amount sufficient to bring the total deposit to ten percent (10%) of the purchase price. Blaine County Title, 360 Sun Valley
Road, Ketchum, Idaho (208.726.0700) will hold the deposit and conduct the settlement. The deposit will be applied to the purchase price
at the time of closing.
4. Other Terms. As used in these Terms and Conditions of Sale, the term “final bid" means the highest bid acknowledged by the
Auctioneer, and the term "purchase price" means the sum of the final bid plus the premium payable by the Buyer in accordance with
Paragraph 5 below, exclusive of any applicable closing costs in accordance with the Contract.
a. The highest bidder acknowledged by the Auctioneer shall be the Buyer. The Auctioneer may, in the event of any
dispute between bidders, determine the successful bidder or re-offer and resell the property in dispute at the Auction. Should there be
any dispute after the Auction, Auctioneer’s record of the final bid, and the purchase price shall be conclusive.
b. Auctioneer reserves the right to withdraw the property before or at the Auction in its sole discretion. If Auctioneer
perceives attempted collusion, Auctioneer will cancel the Auction. Collusion between bidders is prohibited by the Federal Anti Trust
Laws. All decisions of the Auctioneer are final as to methods of bidding, bidding increments, cancellation or any other matters that may
arise before, during or after the Auction. Auctioneer reserves the right to deny any person admittance to the Auction or expel anyone
who Auctioneer believes may disrupt or interfere with the Auction in any way.
c. The purchase price payable by a Buyer will be the sum of the final bid plus the buyer’s premium of ten percent (10
%) of the final bid.
5. Buyer's Premium. A ten percent (10 %) Buyer's Premium shall be paid by the Buyer and will be added to the final bid on each
property.
Example: Final bid on property is: ................................... $100.00
Add 10 % Buyer's Premium: ............ $ 10.00
Total on Sales Contract: ................... $110.00
6. Closing. The Buyer must sign all documents and the “AS-IS” Contract for Sale and Purchase (modified to meet these Terms
and Conditions) on the day of the Auction and will be required to make an appointment with a closing agent to pay the balance of the
purchase price and receive the deed to the property. All closings must occur within 30 days.
7. Default. If closing is delayed by action, lack of action or failure to comply with these Terms and Conditions of Sale by the
Buyer, default will be declared and the earnest money may be retained by the Seller and Auctioneer in accordance with the agreement
between them.
8. Bid Acceptance. THIS PROPERTY IS BEING SOLD ABSOLUTE TO THE HIGHEST BIDDER
WITHOUT RESERVE. Once the final bid is accepted by Auctioneer, Buyer shall post the required deposit and Buyer and Seller
will immediately execute a Bid Acceptance Form and the “AS-IS” Contract for Sale and Purchase modified to meet these Terms and
Conditions (the “Contract”).
9. Prorations. Real estate taxes, homeowner fees (if any), as well as water and sewer charges, will be prorated as of the date of
closing.
10. Closing Costs. The Buyer shall pay all closing costs for residential sales in the county and state where the property is located
including, but not limited to, all documentary stamps, transfer taxes and title insurance.
11. Auction Procedures. Open and verbal announcements made at the Auction will take precedence over all printed material.
Seller reserves the right at its sole discretion to accept or reject any offers made before the Auction begins. Method, order of sale, and
bidding increments shall be at the sole discretion of the Auctioneer. Auction does not begin until Auctioneer accepts the first bid on the
day of the Auction.
12. Disclaimer/Property Inspection. It is the Buyer's sole responsibility to perform any inspections Buyer deems pertinent to the
purchase of this property and to be satisfied as to the property’s condition prior to bidding. The property, both real and personal, if
any, is being sold in its existing "AS IS WHERE IS" condition, with no expressed or implied guarantees or warranties
whatsoever. Personal onsite inspection of the property is recommended and bidders are advised to independently verify all information
they deem important. Auctioneer and its agents and subagents, and the Sellers assume no liability for errors or omissions in this or any
other property listing or advertising, promotional or publicity statements and materials. Although information has been obtained from
resources deemed reliable, neither the Auctioneer nor Seller make any guarantee as to the accuracy of any such information. All
information contained in the Bidder/Information Package, web site or any other promotional materials, including but not limited to
square footage, acreage, dimensions, maps, taxes, etc. was provided by the Seller and is believed to be accurate and complete. However,
neither the Seller nor the Auctioneer makes any guarantee or warranty as to the accuracy or completeness of such information.
30Buyer and Buyer's Agent/Broker shall bear the sole responsibility to confirm all information relevant to the property prior to
bidding. Neither the Seller, Seller’s Broker nor the Auctioneer shall be liable for any relief, or adjustments if the amount of
acreage, square footage, zoning, environmental condition or any other information fails to conform to any specific standard,
expectation, or any published information.
13. Notice to Brokers. A fee equal to two percent (2%) of the bid price will be paid by Auctioneer to the licensed Real Estate
Broker or Salesperson whose prospect successfully bids and closes on the property. To qualify for commission the Licensed Real Estate
Broker or Salesperson must first: a) Accompany their prospect upon initial visit to open house and register the prospect with a
representative of the Auctioneer at that time; b) Formally register prospect on Auctioneer's Broker Registration Form with both prospect
and Broker/Salesperson signatures; c) Completed Broker Registration Forms must be received no later than 5:00 PM the day before the
Auction. Email Broker Registration Forms to: forms@decaroauctions.com or Fax to: 239.434.0882; d) The Broker or Salesperson must
also register and attend the Auction with the Prospect to obtain the necessary voucher to qualify for commission at settlement. No
commission is payable to any Licensed Broker or Salesperson by Seller. In addition, no commission will be paid to registered Brokers
acting as a principal in the purchase of the property. Broker Registration Forms are available at open houses or by calling DeCaro Real
Estate Auctions, Inc., at 1.800.332.3767.
14. Title. Title to the property shall pass to the Buyer at formal settlement, which is to occur within 30 days as published in the
Bidder's Information Packet. Title will be free and clear of all liens and Seller will convey good and marketable title in accordance with
the Contract.
15. No Financing Contingency. THIS IS A CASH TRANSACTION WITH NO CONTINGENCY FOR FINANCING. Buyer
may finance a portion of the purchase price, but Buyer’s obligation to proceed with the purchase is not contingent upon the Buyer
obtaining financing. If the Buyer is unsuccessful in obtaining financing and is unable to go to settlement within the required time period,
the deposit(s) provided by the Buyer shall be forfeited.
16. Conditions of Default. If any conditions contained herein are not complied with by the Buyer, Auctioneer may, in addition to
asserting all remedies available by law, including the right to hold defaulting Buyer liable for the purchase price, either a) cancel the sale,
retaining as liquidated damages any payment made by such buyer, b) resell the property with or without reserve at public auction or
privately on seven (7) calendar days' notice to such buyer, or c) take such other action as it deems necessary or appropriate. If Auctioneer
resells the property, the original defaulting Buyer shall be liable to Seller for the payment of any deficiency in the purchase price plus all
costs and expenses, reasonable attorney's fees, commissions, incidental damages and all other charges due hereunder. Any remedies
available to the Auctioneer in accordance with these Terms and Conditions of Sale are in addition to those available to the Seller pursuant
to the “AS-IS” Contract for Sale and Purchase and applicable Idaho law.
17. State Laws. The respective rights and obligations of the parties with respect to the conditions of sale and the conduct of the
auction shall be governed and interpreted by the laws of the state in which the auction is held. By bidding at an auction, whether present
in person, or by agent, by written bid, telephone or other means, the Buyer shall be deemed to have agreed to the Terms and Conditions
of Sale and have consented to the jurisdiction of the courts sitting in such state.
18. CANCELLATION. AUCTIONEER RESERVES THE RIGHT TO CANCEL, POSTPONE OR WITHDRAW THE
PROPERTY BEFORE OR UP TO THE START OF THE AUCTION. THE AUCTIONEER RESERVES THE RIGHT TO OFFER
THIS PROPERTY IN ANY MANNER AND RESERVES THE RIGHT TO SELL THE PROPERTY IN ANY MANNER IT SO
DESIRES UP TO THE START OF THE AUCTION. THE AUCTION DOES NOT START UNTIL THE AUCTIONEER ACCEPTS
THE FIRST BID ON THE DAY OF AUCTION. ALL ANNOUNCEMENTS MADE FROM THE AUCTION BLOCK WILL TAKE
PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
ABSENTEE AND PHONE BIDDING ARE AVAILABLE. FOR DETAILED INSTRUCTIONS,
PLEASE CONTACT OUR OFFICES AT 1.800.332.3767.
PROPERTY IS SUBJECT TO PRE-AUCTION OFFERS AND SALE.
By signing below, I have read, understood and agree to the above Terms and Conditions of Sale.
________________________________________ Date: ____________________
Signature
________________________________________ Date: ____________________
Signature
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Directions
to
86
Gimlet
Road,
Ketchum/Sun
Valley,
Idaho
From
Friedman
Memorial
Airport:
(Approximately
10
miles)
• From
the
airport,
follow
Aviation
Drive
to
Idaho-‐75
North.
• Follow
Idaho-‐75
for
approximately
8.4
miles.
• Turn
right
onto
Gimlet
Road,
follow
Gimlet
Road
to
the
entrance
driveway
of
the
property
site,
86
Gimlet
Road.
86 Gimlet Road
Ketchum/Sun Valley, Idaho
Broker Participation Invited, 2% Co-op.
In cooperation with Katherine Rixon & Rob Cronin
Keller Williams Sun Valley Southern IdahoYou can also read
