a refresh ing approach... Real Estate. Real Smart. June 7, 2017 Andrew Battle - Stanton View Development Dear Andrew, Thank you for your trust in us and the opportunity to represent you and Stanton View Development in the sale of the Gainesville Court Community . For most people, selling their home means capitalizing on one of their biggest assets. The same applies for developers. In other words, the investment must be handled with great care and attention to detail in order to protect your equity. We assured you that our team will do everything in our power to make the sale of your homes a successful, smooth, and pleasant experience. This report is to close out the third phase of the development, Frankford Court. All three homes are successfully sold, sales marketing and transaction processes are established, and we are ready for the start of the fourth phase of sale. Enclosed, please find the following items: • Sales summary of Frankford Court. • Full transaction summary for each unit. • Collection of sales reports for Frankford Court. My team and the entire organization at Long & Foster, Christie’s International are dedicated to integrity, honesty, and your complete satisfaction. We are fully committed to keep providing the best possible service available so that your goals are met for phase four in the shortest time frame. Our goal is not only to meet your expectations but hopefully exceed them as it applies to your real estate needs. We look forward to working with you! Kind Regards,
Adrienne Szabo REALTOR®
FRANKFORD COURT Frankford Court is an upscale townhome community in historic Anacostia. It is the third phase of Gainesville Court crafted by Stanton View Development.
04
This new community reflects Stanton View Development’s commitment to build afford-able upscale townhomes in Washington DC. To pair their vision of luxury real estate services, they have chosen to partner with The Szabo Group of Long & Foster Christie’s International.
The goals of this partnership are: • To represent the community in the highest level of service and assure a successful and profitable sale for SVD. • To establish the sales, marketing and reporting processes for all of Gainesville Court homes. • To build a team of partners to represent Stanton View Development with the highest integrity from the beginning to the end of the transaction process. Partners: The Szabo Group of Long & Foster Christie’s International - Sales The Veblen Group of Essex Mortgage - Lenders Rock Creek Title - Settlement Company The presale process had begun on Phase Three at the end of January 2018 and was fully sold-out by March.
RELEASED LOTS Model Name: Banneker Plan: NO Garage Address: 1601 Frankford Street SE Specs: Spec House Rent Back: 90 Days Rent Back Lot Hold: No Lot Holds Contracts Only: Yes Listing Price: $469,900.00 Sold Price: $469,900.00 Closing Cost Incentives: $15,000.00 Actual Closing Cost Help: $13,572.00 Agent Incentives: $2,500.00 Construction Start Date: 10/1/2017 Construction Completion: 3/19/2018 Est. Settlement Date: TBD Actual Settlement Date: 4/13/2018
LOT 17
Model Name: Banneker Plan: 1 Car Garage Address: 1603 Frankford Street SE Specs: Spec House Rent Back: No Rent Back Lot Hold: No Lot Holds Contracts Only: Yes Listing Price: $455,900.00 Sold Price: $467,650.00 Closing Cost Incentives: $15,000.00 Actual Closing Cost Help: $0 Agent Incentives: N/A Construction Start Date: 10/1/2017 Construction Completion: 3/21/2018 Est. Settlement Date: 4/15/2018 Actual Settlement Date: 4/2/2018
LOT 18
Model Name: Banneker Plan: 1 Car Garage Address: 1605 Frankford Street SE Specs: Spec House Rent Back: No Rent Back Lot Hold: No Lot Holds Contracts Only: Yes Listing Price: $459,900.00 Sold Price: $459,900.00 Closing Cost Incentives: $15,000.00 Actual Closing Cost Help: $0 Agent Incentives: N/A Construction Start Date: 10/1/2017 Construction Completion: 3/23/2018 Est. Settlement Date: 4/15/2018 Actual Settlement Date: 4/4/2018
LOT 19
05
LOT 18
LOT 19
Property List Price $469,900.00
Property List Price $455,900.00
Property List Price $459,900.00
Property Sold Price $469,900.00
Property Sold Price $467,500.00
Property Sold Price $459,900.00
Estimated Closing Cost $15,000.00
Estimated Closing Cost $15,000.00
Estimated Closing Cost $15,000.00
Actual Closing Cost $13,572.00
Actual Closing Cost $0.00
Actual Closing Cost $0.00
Total Commision $28,140.00
Total Commision $28,059.00
Total Commision $27,594.00
Total Bonus $2,500.00
Total Bonus $0.00
Total Bonus $0.00
Estimated Net Sale $424,260.00
Estimated Net Sale $413,546.00
Estimated Net Sale $417,306.00
Actual Net Sale (+) $1428
Actual Net Sale (+) $26,750
Actual Net Sale (+) $15,000
LOT 17
Avg Days on Market: 6 Days List Price to Sold Price Ratio: 103% Sellout Ratio: 52.5 % Faster Than Anticipated
adrienne szabo long & foster 202.944.8400 - 1680 Wisconsin Ave NW, Washington, DC 20007
202.888.2725 adrienne@szabogroup.com