La Tierra Market Value Analysis

PROPERTY REPORT

1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283 Prepared for Mark Carvalho

Presented by

Mark Carvalho Arizona Real Estate License: BR543460000

Phone: (480) 854-9000 | Mobile: (480) 250-6099 | Fax: (480) 393-0917 mark@carvalhorealestate.com http://www.CarvalhoRealEstate.com Carvalho Real Estate Group 4135 S. Power Road, Suite 125 Mesa, AZ 85212

7/7/2014

1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Legend:

Subject Property

Active: 6/6/2014

List Price

$117,990 Last Price Update: – Days in System: 30

Current Estimated Value

$120,500 Last RVM® Update: 5/6/2014 RVM® Est. Range: $108,450 – $132,550 RVM® Confidence: RVM® Change - Last 1 Month: $560 RVM® Change - Last 12 Months: 22.95%

This report contains data and information that is publicly available and/or licensed from third parties and is provided to you on an "as is" and "as available" basis. The information is not verified or guaranteed. Neither this report nor the estimated value of a property is an appraisal of the property. Any valuation shown in this report has been generated by use of proprietary computer software that assembles publicly available property records and certain proprietary data to arrive at an approximate estimate of a property's value. RPR and its information providers shall not be liable for any claim or loss resulting from the content of, or errors or omissions in, information contained in this report.

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Home Facts Public Remarks SUPER LOCATION! This highly upgraded top level unit has VAULTED CEILINGS and beautiful NEUTRAL TILE throughout. The kitchen has lovely GRANITE COUNTERTOPS and BLACK APPLIANCES. The large master bedroom has a PRIVATE BALCONY to enjoy a nice cup of coffee! This unit is close to the COMMUNITY POOL AND SPA, and FITNESS CENTER. The LOCATION of this community is minutes from ASU, Arizona's most used highways (101, 202, 60, and I-10), and also close to the airport. Come take a look today!

Home Facts Property Type Property Subtype Bedrooms Total Baths Full Baths Living Area (sq ft) Lot Size Lot Dimensions Garage (spaces) Pool Year Built Total Rooms Style Roofing Heating Cooling Fireplaces Construction Exterior Walls Number of Buildings Number of Stories

Public Facts

Listing Facts

Condo/Townhouse Condominium – 2 2 1,065 1,000 sq ft 1000 SF 1 – 1986 – – Concrete Yes Refrigeration – Frame Wood 0 1

Multifamily/Multiplex Apartment Style/Flat 2 2 2 1,065 1,000 sq ft – – Community, No Pool 1986 2 All On One Level All Tile Electric Heat Refrigeration No Fireplace Frame - Wood – – –

Realtor Refinements

Homeowner Facts Owner Name Mailing Address Vesting

Client Of Carvalho Real Estate 1402 E Guadalupe Rd UNIT 126 Tempe AZ 85283-3974 Partnership

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Extended Home Facts

Legend:

Subject Property

Interior Features Bathroom Cooling Dining Fireplace Floor Heating Kitchen Laundry General

Exterior Features Full Bth Master Bdrm Refrigeration Dining In Lr/Gr No Fireplace Carpets, Tile Electric Heat Dishwasher, Granite Countertops, Range/Oven-Electric, Refridgerator(S) Stacked Washer/Dryer Vaulted Ceiling(S)

Construction Fence Roof Spa Style Pool Parking Sewer Utilities Water General

Frame - Wood None All Tile None All On One Level Community, No Pool Assigned Parking Sewer - Public Srp City Water Patio

Location Details Builder Community Features Directions To Property Location Features Subdivision

Unk Prof Managed Exit 101 onto Guadalupe, Continue West on Guadalupe Through the Light at McClintock, the Community is less than Two Blocks on the North side of the Street. North/South Exposure La Tierra Condominiums

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Property Photos

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Historical Photos

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Comps and Adjustments

LEGEND:

Subject Property

Pending

Listing

Expired Listing

Distressed

Recent Sale

Off Market

This Property 1402 E Guadalupe Rd, Unit 217 Tempe, AZ 85283

Proxim. Days Date Amount in System – 30 days 6/6/2014 $117,990 List Date List Amount

$/sq ft Living Area Lot Size $111

1,065 sq ft

Beds Baths Built

1,000 sq ft 2

1986

No comps have been selected for this property.

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Property History Median Estimated Home Value This chart displays property estimates for an area and a subject property, where one has been selected. Estimated home values are generated by a valuation model and are not formal appraisals. Data Source: Valuation calculations based on public records and MLS sources where licensed Update Frequency: Monthly This House 85283 Maricopa County Arizona

Assessed Values Date 2013 2012 2011 2010 2009

Improvements Land $4,160 $1,040 $4,240 $1,060 – – $7,920 $1,980 $5,800 $1,450

Total $5,200 $5,300 – $9,900 $7,250

Tax $791 $730 $932 – –

Legal Description Parcel Number: 301-96-217

Zoning: –

Census Tract: 040133199.032013

Abbreviated Description: LOT:217 UNIT:217 SEC/TWN/RNG/MER:SEC 2 TWN 1S RNG 4E LA TIERRA CONDOMINIUMS MCR 269-37 UNIT 0217 TOG W I AN UNDIV 1/116 INT IN THE COMMON ELEMENTS

City/Municipality/Township: Tempe, AZ 85283

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Sales and Financing Activity This chart shows a property's sales and financing history. It can be used to compare the value of the property as seen by public records, such as deeds and tax records, with the estimated home value. Actions taken against the owner, such as the issuance of a Notice of Default, are noted. Sales activity, such as listing date and price reductions, are highlighted.

KEY

Sale

Listing Activity

Financing Activity

Distressed Actions

Assessed Value

Assessor Market Value

AVM or RVM®

Sales Comp Valuation

Est. Loan Balance

Data Source: Public records and proprietary data; listing data from on- and off-market listings sources Update Frequency: Valuations are updated twice monthly; actions on the home, such as listing activity or distressed property notices, are updated daily as made available from public records sources

Price Change History Change Date 6/6/2014

Description –

New List Price $117,990

% Change –

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Estimated Home Values

This map layer shows the average estimated home values, based on the AVMs and RVMs速 for properties in an area. Source(s): Public records and MLS data where licensed; updated Quarterly.

12-Month Change in Estimated Value

This map layer shows the change in estimated home values over the past 12 months, based on the AVMs and RVMs速 for properties in an area. Source(s): Public records and MLS data where licensed; updated Quarterly.

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Estimated Value per Square Foot

This map layer shows average estimated value per square foot of homes, based on the AVMs and RVMs® for properties in an area. Source(s): Public records and MLS data where licensed; updated Quarterly.

Flood Zone This property is in Flood Zone: X (shaded), Moderate Risk Moderate risk areas within the 0.2-percent-annual-chance floodplain, areas of 1-percent-annual-chance flooding where average depths are less than 1 foot, areas of 1percent-annual-chance flooding where the contributing drainage area is less than 1 square mile, and areas protected from the 1-percent-annual-chance flood by a levee. No BFEs or base flood depths are shown within these zones. Zone X (shaded) is used on new and revised maps in place of Zone B.

This map layer shows an area’s flood zone designation as determined by the Federal Emergency Management Agency (FEMA). A high-risk area has a 1 percent or greater annual chance of flooding and a 26 percent chance of flooding over the life of a 30-year mortgage. High-risk areas are red or orange. The coast areas, shown in purple, are also considered high risk. Green areas are low to moderate risk. A moderate-risk area is between risk limits of a 100-year and 500-year flood. White areas are undetermined, and all other areas are considered no or low risk. For more details on the categories of flood risk, see http://support.narrpr.com/entries/319901-what-is-theflood-zone-heat-map. Source(s): FEMA; updated Annually.

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Neighborhood: Housing Stats and Charts Median Estimated Home Value Estimated Home Value 12-Month Change Median List Price

85283 $219K 18.7% $215K

Tempe $216K 13.9% $206K

Maricopa County $196K 13% $220K

Arizona $172K 10.5% $200K

List Price 1-Month Change List Price 12-Month Change Median Home Age Own Rent Vacancy $ Value of All Buildings for which Permits Were Issued

4.8% 26.4% 34 55% 45% 4.92% –

0.7% 16.4% 35 46% 54% 6.21% –

0.8% 25.6% 27 65% 35% – $1.46B

0.5% 21% 27 67% 33% – $2.42B

% Change in Permits for All Buildings % Change in $ Value for All Buildings

– –

–12% –10%

–16% –11%

Median Estimated Home Value vs. Median Listing Price This chart compares a ZIP code's median estimated home value with its median listing price. Estimated home values are generated by a valuation model and are not formal appraisals. Data Source: Public records data; listing price data from on- and off-market listings sources Update Frequency: Monthly Median Estimated Value Median List Price

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Median Sales Price vs. Sales Volume This chart compares the price trend and sales volume for homes in an area. Home prices typically follow sales volume, with a time lag, since sales activity is the driver behind price movements. Data Source: Public records data Update Frequency: Monthly Median Sales Price Sales Volume

Median Listing Price vs. Listing Volume This chart compares the listing price and listing volume for homes in an area. Listing prices often follow listing volume, with a time lag, because supply can drive price movements. Data Source: On- and off-market listings sources Update Frequency: Monthly Median List Price Listing Volume

Listing Inventory This chart shows the number of active listings in a ZIP code. Data Source: On- and off-market listings sources Update Frequency: Daily ZIP Count Listings by PropertyType

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Inventory of Distressed Properties This chart shows the count of distressed properties in a ZIP code. Data Source: Public records and MLS data where licensed Update Frequency: Daily Inventory of Distressed Properties

Median Sales Price by Square Footage This chart shows the median price of homes reported sold in the past six months, according to the size of the living space, in the area of your search. The amount shown for the subject property is sold data where available, or the property's estimated value when sales data are unavailable (such as a non-disclosure state) or provided in range format. Data Source: Public records and MLS data where licensed Update Frequency: Monthly This House Comps 85283

Price per Bedroom of Homes Sold This chart shows the distribution of homes reported sold in the past six months at different prices per bedroom in the area of your search. The amount shown for the subject property is sold data where available, or the property's estimated value when sales data are unavailable (such as a non-disclosure state) or provided in range format. Data Source: Public records and MLS data where licensed Update Frequency: Monthly This House Comps

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Price per Square Foot of Homes Sold This chart shows the distribution of homes reported sold in the past six months at different prices per square foot in the area of your search. Data Source: Public records data Update Frequency: Monthly This House Comps 85283

Price Range of Homes Sold This chart shows the distribution of homes reported sold in the past six months within different price ranges in the area of your search. The amount shown for the subject property is sold data where available, or the property's estimated value when sales data are unavailable (such as a non-disclosure state) or provided in range format. Data Source: Public records data Update Frequency: Monthly This House Comps 85283

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Age Range of Homes Sold This chart shows the distribution of homes reported sold in the past six months of different age ranges in the area of your search. Data Source: Public records and MLS data where licensed Update Frequency: Monthly This House Comps 85283

Size of Homes Sold This chart shows the distribution of homes reported sold in the past six months of different sizes in the area of your search. Data Source: Public records data Update Frequency: Monthly Sales Count By Living Area

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Neighborhood: People Stats and Charts Population Population Density per Sq Mi Population Change since 2000 Median Age Male / Female Ratio High School Graduate 2-Year Degree Bachelor Degree Post-graduate Degree

85283 41.8K 4.89K 0.4% 32 49% 17% 35% 21% 15%

Tempe 164K 4.11K 3.5% 28 51% 16% 33% 25% 17%

Maricopa County 3.8M 413 23.6% 34 50% 23% 33% 19% 10%

Arizona 6.34M 55.8 23.5% 36 50% 25% 34% 17% 10%

Population of Children by Age Group This chart shows the distribution of the population of children by age range — from birth to 17 — in the area of your search. Data Source: U.S. Census Update Frequency: Annually 85283

Population of Adults by Age Group This chart shows the distribution of the population of adults by age range — from 18 to 75-plus — in the area of your search. Data Source: U.S. Census Update Frequency: Annually 85283

Households With Children This chart shows the distribution of households with children, categorized by marital status, in the area of your search. Data Source: U.S. Census Update Frequency: Annually 85283

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Household Income Brackets This chart shows annual household income levels within an area. Data Source: U.S. Census Update Frequency: Annually 85283

Presidential Voting Pattern This chart shows how residents of a county voted in the 2012 presidential election. Data Source: USElectionAtlas.org Update Frequency: Annually

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Neighborhood: Economic Stats and Charts Income Per Capita Median Household Income Unemployment Rate Unemployment Number Employment Number Labor Force Number

85283 $28,389 $59,183 – – – –

Tempe $26,561 $48,618 5% 5K 95.6K 101K

Maricopa County $27,841 $55,099 5.5% 106K 1.81M 1.92M

Arizona $25,784 $50,752 6.6% 200K 2.82M 3.02M

Unemployment Rate This chart shows the unemployment trend in the area of your search. The unemployment rate is an important driver behind the housing market. Data Source: Bureau of Labor Statistics Update Frequency: Monthly Tempe Maricopa County Arizona

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Occupational Categories This chart shows categories of employment within an area. Data Source: U.S. Census Update Frequency: Annually 85283

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Neighborhood: Quality of Life Stats and Charts Quality of Life in 85283 Elevation (in feet) Annual Rainfall (in inches) Annual Snowfall (in inches) Annual Sunny Days Avg Travel Time to Work (in minutes) Water Quality - Health Violations Water Quality - Monitoring and Report Violations Superfund Sites

85283 1,194 8.51 0 180 – – – 0

Tempe 1,194 8.51 0 180 21 – – 0

Maricopa County 1,639 10.08 0.74 180 26 0 1.81 7

Arizona – 13.11 12.99 173 25 – – 12

Brownfield Sites

Yes

Average Commute Time This chart shows average commute times to work, in minutes, by percentage of an area's population. Data Source: U.S. Census Update Frequency: Annually 85283

How People Get to Work This chart shows the types of transportation that residents of the area you searched use for their commute. Data Source: U.S. Census Update Frequency: Annually

Average Monthly Temperature This chart shows average temperatures in the area you searched. Data Source: NOAA Update Frequency: Annually

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

School: Evit - Marcos De Niza High School School Details

GreatSchools Rating

Name Evit - Marcos De Niza High School

A school's rating is determined by its students' performance on state standardized tests compared with other schools in the state.

Address 1601 W. Main Street Tempe, AZ 85283

Evit - Marcos De Niza High School

Phone (480) 461-4000

N/A out of 10 Tempe

School District East Valley Institute Of Technology

6 out of 10

Grades Served 9-12

Total Enrollment

N/A

Students Per Teacher

N/A

Students in Free Lunch Program

N/A

School Facts

This School

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

School: Rover Elementary School School Details

GreatSchools Rating

Name Rover Elementary School

A school's rating is determined by its students' performance on state standardized tests compared with other schools in the state. Rover Elementary School

Address 1300 E. Watson Drive Tempe, AZ 85283

7 out of 10

Phone (480) 897-7122

Tempe

School District Tempe School District Grades Served K-6

6 out of 10 School Facts

This School

Total Enrollment

525

Students Per Teacher

N/A

Students in Free Lunch Program

Grade 3 Arizona's Instrument to Measure Standards This chart shows the test results for the school you searched. Data Source: GreatSchools Update Frequency: Annually Test Subjects

Grade 4 Arizona's Instrument to Measure Standards This chart shows the test results for the school you searched. Data Source: GreatSchools Update Frequency: Annually Test Subjects

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Grade 5 Arizona's Instrument to Measure Standards This chart shows the test results for the school you searched. Data Source: GreatSchools Update Frequency: Annually Test Subjects

Overall Ratings for This School Based on 37 Reviews

4 out of 5 Rating: 4 Posted: 4/28/2014 by parent My school is Rover Elementary. My daughter goes to this school. We have had nothing but good experiences at this school and I feel is one of the better public schools around the Tempe area. Seems a little crowded at times, but, my daughter is doing well in her 1st grade class. She loves her teacher and has made good new friends in her class. She has learned alot this year, and is looking forward to 2nd grade at Rover. Rating: 3 Posted: 12/30/2013 by parent Sadly, this school has gone downhill since we started here in 2008. The first three years were wonderful with awesome teachers and a vibrant community feeling. Since then some teachers have left and the community feeling is gone. Communication from the school is non-existent. It is a black hole where you drop your children off and hear little from (some) teachers and particularly the administration about what is happening, what the children are studying and learning about, school activities etc. Some teachers do not even let their students hear school announcements or say the pledge of allegiance. Other teachers in the lower grades continue to be outstanding. We will finish out time we have left to complete Rover hoping no other good teachers leave the school. We miss the caring open communicative energized environment of years past. Rating: 5 Posted: 3/8/2013 by parent This school is an amazing and great community school. The teachers, principal and staff are excellent when it comes to the education and emotional growth of all students. I have been a parent at Rover for 5 years and I can't think of one negative thing to say about the school. 5 stars for sure! Rating: 5 Posted: 1/17/2013 by parent Our son attended Rover Elementary last year for kindergarten. He was only four years old at the start of the year, so he had to test in. We were so blessed to have Mrs. Gilbert as his first teacher! All of the kindergarten teachers are wonderful, as is the librarian. The school offers wonderful programs such as Fame and Young Rembrandts. I fully recommend this school to all parents who desire a complete educational experience for their children! Rating: 2 Posted: 10/27/2012 by parent Relocated from Wisconsin with an only child. Her first year at Rover and honestly, her teacher is the best! Picking your child up is an absolute nightmare and I do not care for the principal. The principal never introduced himself to me and he had a horrible attitude when I did approach him about an issue. The Wisconsin school system is totally different, I am used to principals who care about the children they oversee and appreciate parent involvement. The staff needs diversity training. I would not recommend this elementary school after my experience.

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

School: Fees College Preparatory Middle School School Details

GreatSchools Rating

Name Fees College Preparatory Middle School

A school's rating is determined by its students' performance on state standardized tests compared with other schools in the state. Fees College Preparatory Middle School

Address 1600 E Watson Dr Tempe, AZ 85283

4 out of 10

Phone (480) 897-6063

Tempe

School District Tempe School District Grades Served 6-8

6 out of 10 School Facts

This School

Total Enrollment

958

Students Per Teacher

N/A

Students in Free Lunch Program

Grade 6 Arizona's Instrument to Measure Standards This chart shows the test results for the school you searched. Data Source: GreatSchools Update Frequency: Annually Test Subjects

Grade 7 Arizona's Instrument to Measure Standards This chart shows the test results for the school you searched. Data Source: GreatSchools Update Frequency: Annually Test Subjects

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1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Grade 8 Arizona's Instrument to Measure Standards This chart shows the test results for the school you searched. Data Source: GreatSchools Update Frequency: Annually Test Subjects

Overall Ratings for This School Based on 46 Reviews

3 out of 5 Rating: 5 Posted: 9/23/2013 by parent My son is in 6th grade and new to Fees this year. I can't say enough about how impressed I am with the Principal and teachers as well as the PTSA. The expectations are clearly communicated to the parents. I love that I know what is happening and be able to plan accordingly. I like that they use ParentVue so I can see my sons grades every day as well as a calendar of assignments. Teachers answer emails in a timely manner and communicate well. The PTSA is really open to new parents. They are professional and keep meetings on time and useful. I am blown away about how much I really like it. I guess there might have been some past problems with this school from the low rating on Great Schools, but I can tell you this is no longer the case. Rating: 5 Posted: 9/16/2013 by parent my son was receiving straight F's at the San tan school, prior to moving to Tempe. Ever since he started attending this school he is now back on track with straight A's. nothing else to say. the proof is in the pudding. thank you. Rating: 5 Posted: 9/10/2013 by parent I am very satisfied with the curriculum and the staff at Fees. Excellents teachers and nice administration team. They work hard for our kids, to prepare them for a better academic and personal future. I love the orchestra program Mrs. Smith is a wonderful teacher. Rating: 5 Posted: 9/11/2012 by parent Fees is a great school! 2 kids, many changes and still loving it. Admittedly, last year was the toughest with the principal out (he took a medical leave, eventually had to resign and sadly just passed)- discipline was not where it should have been and some kids took advantage (as kids this age will). This year Fees has a very strong principal who has the structure and discipline back in place. I love the teachers, it is obvious that they truly care about my kids. My kids are thriving academically and socially. I find it meaningful that they have so many elective opportunities (they get 2 electives every day which really allows them to excel in their given passions). The academics comes easily to both so it is nice to see them given opportunities through art, music and sports to become more well rounded. Rating: 5 Posted: 4/9/2012 by parent I like Fees! I have had 3 children attend this school and they have felt safe and comfortable in this structured learning environment. I have found the faculty to be open to my communication and responsive. I appreciate their dedication to my children's education and their big hearts as they often go beyond the call of duty to provide the best opportunities for their students.

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