BENNETT CMA by Charity Adams

5132 SW Richenberg Ct Portland, OR 97239

Comparative Market Analysis For :

Tom & Judy Bennett 5 Bedroom | 3 Bath | 2572 sq. ft. Mark Scholz Oregon Broker M Realty, LLC

C h a rity A d a m s O re g o n B ro k e r M R e a lty , L L C

503.703.0618

5 0 3 .3 8 1 .6 3 3 4

mark@m-‐homes.net portlandhomesforcars.com

c h a rity p d x @ g m a il.c o m c h a rity m a d a m s.c o m

M R EA L T Y

COMPARABLE LISTINGS

A c t i v e – P e n d i n g – S o l d Mark Scholz Oregon Broker M Realty, LLC

Ch a ri ty A d a ms O re go n B rok e r M R e al ty , L LC

503.703.0618

50 3. 381 .6 334

mark@m-‐homes.net portlandhomesforcars.com

c hari ty pd x @ g mai l . com ch a ri ty ma d a ms. co m

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Comps and Adjustments Map Bennett, Tom & Judy - 5132 SW Richenberg Ct 972392930 SW Boundary St, Portland, OR 97239 Public records

Sold Date: 8/22/2013 Public records

2520 SW Hamilton St, Portland, OR 97239 Sold Date: 9/26/2013 Public records

Price: $496,780

Price: $419,000

Price: $507,000

5 bed 3.0 bath 2,572 sq ft

4 bed 3.0 bath 2,286 sq ft

3 bed 2.0 bath 2,996 sq ft

5040 SW 19th Dr, Portland, OR 97239 Sold Date: 9/29/2013 Public records

5100 SW 19th Dr, Portland, OR 97239 Sold Date: 8/27/2013 Public records

4210 SW Washouga Ave, Portland, OR 97239 Sold Date: 9/24/2013 Public records

Price: $525,000

Price: $439,000

Price: $495,000

3 bed 2.0 bath 2,786 sq ft

3 bed 2.1 bath 2,824 sq ft

5 bed 2.0 bath 2,540 sq ft

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Comps and Adjustments Map 2020 SW Kanan St, Portland, OR 97239 Sold Date: 8/28/2013 Public records

1525 SW Pendleton St, Portland, OR 97239 Sold Date: 10/8/2013 Public records

1117 SW Cheltenham St, Portland, OR 97239 Sold Date: 9/15/2013 Public records

Price: $436,000

Price: $480,000

Price: $440,000

4 bed 3.0 bath 2,528 sq ft

3 bed 2.1 bath 2,542 sq ft

3 bed 3.0 bath 2,405 sq ft

2620 SW Hamilton Ct, Portland, OR 97239

3536 SW Hamilton Ct, Portland, OR 97221

3401 SW Hamilton St, Portland, OR 97239

Pending: 10/19/2013

Active: 8/7/2013

Preforeclosure Short Sale Pending: 8/8/2013

Price: $399,900

Price: $375,000

Price: $339,000

4 bed 2.0 bath 2,244 sq ft

4 bed 3.0 bath 2,856 sq ft

4 bed 2.0 bath 2,800 sq ft

4146 SW Bancroft St, Portland, OR 97221 Active: 10/18/2013

3944 SW 43rd Ave, Portland, OR 97221 Pending: 10/5/2013

1003 SW Westwood Dr, Portland, OR 97239 Active: 7/28/2013

Price: $499,999

Price: $439,000

Price: $449,000

5 bed 3.0 bath 2,709 sq ft

4 bed 2.2 bath 3,280 sq ft

3 bed 2.0 bath 2,924 sq ft

11/18/2013

RMLSweb - Search Results

http://www.rmlsweb.com/v2/engine/reportgen.asp?PMD=1&R...

Charity Adams

Cross Property

503-459-4474

11/18/2013 7:37:09 PM

M Realty LLC.

14 Matches

Active MLS# Address 13359561 3536 SW HAMILTON CT

City Price List Date Sold Date Sold Price Assd. Val. Tax Portland $375,000 2013-08-08 6523.78 XSt/Dir: Hamilton, South on Hamilton Court Map Coordinates: 626B3 County: Multnomah

13580091 1003 SW WESTWOOD DR Portland $449,000 2013-07-29

6093.84

XSt/Dir: SWCheltenham or SWPendleton to SWWestwood Dr Map Coordinates: 626D4 County: Multnomah

13204132 4146 SW BANCROFT ST

Portland $499,999 2013-10-19

4718.97

XSt/Dir: At the corner of 41st and Bancroft st. Map Coordinates: 626A2 County: Multnomah

Total 3 Active

Average DOM:

Average List: $441,333

Median DOM:

102

Median List: $449,000

Pending MLS# Address City Price List Date Sold Date Sold Price Assd. Val. Tax 12659929 3401 SW HAMILTON ST Portland $339,000 2012-11-12 5511.17

1 of 4

11/18/13 7:37 PM

RMLSweb - Search Results

http://www.rmlsweb.com/v2/engine/reportgen.asp?PMD=1&R...

XSt/Dir: Hamilton to 34th Ave Map Coordinates: 626A3 County: Multnomah

13253155 2620 SW HAMILTON CT Portland $399,900 2013-10-18

5288.9

XSt/Dir: 27th/Dosch to Sunset, N on 27th,R on Hamilton Ct Map Coordinates: 626C3 County: Multnomah

13045282 3944 SW 43RD AVE

Portland $439,000 2013-10-03

5780.37 XSt/Dir: Hamilton to 47th to 43rd Map Coordinates: 626A2 County: Multnomah

Total 3 Pending

Average DOM/CDOM: 92 / 92 Median DOM/CDOM:

3/3

Average List: $392,633 Median List: $399,900

Sold MLS# Address 13396557 2930 SW BOUNDARY ST

City Price List Date Sold Date Sold Price Assd. Val. Tax Portland $419,000 2013-07-23 2013-08-23 $419,000 4921.46 XSt/Dir: SW Dosch Map Coordinates: 626C4 County: Multnomah

13182719 2020 SW KANAN ST

2 of 4

Portland $436,000 2013-06-15 2013-08-29 $436,000

5460.82

11/18/13 7:37 PM

RMLSweb - Search Results

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XSt/Dir: Capitol Hwy; Sunset, S on 18th Dr, W on Kanan Map Coordinates: 626C4 County: Multnomah

13019324 5100 SW 19TH DR

Portland $439,000 2013-07-22 2013-08-28 $439,000

5061.73

XSt/Dir: SW Sunset Blvd to SW 19th Drive. Map Coordinates: 626C3 County: Multnomah

13046779 1117 SW CHELTENHAM ST Portland $440,000 2013-08-02 2013-09-16 $440,000

5030.69

XSt/Dir: Capitol Hwy, Cheltenham Drive, Cheltenham Street Map Coordinates: 626D4 County: Multnomah

13618962 1525 SW PENDLETON ST Portland $480,000 2013-09-09 2013-10-09 $480,000

5416.59

XSt/Dir: Capitol Hwy, Sunset Blvd, East on Pendleton Map Coordinates: 626D4 County: Multnomah

13618152 4210 SW WASHOUGA AVE Portland $495,000 2013-08-02 2013-09-25 $495,000

6301.59

XSt/Dir: Sunset to Hamilton to Twombly to Washouga Map Coordinates: 626C2 County: Multnomah

13340466 2520 SW HAMILTON ST

3 of 4

Portland $507,000 2013-08-15 2013-09-27 $507,000

5554.75

11/18/13 7:37 PM

RMLSweb - Search Results

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XSt/Dir: SW Dosch Rd to SW Hamilton. East to #2520 (east end of Hamilton, NOT busy) Map Coordinates: 626C3 County: Multnomah

13577902 5040 SW 19TH DR

Portland $525,000 2013-08-26 2013-09-30 $525,000

5352.34

XSt/Dir: Sunset Blvd, Boundary, left on 19th drive Map Coordinates: 626C3 County: Multnomah

Total 8 Sold Average DOM/CDOM: 10 / 10

Average List: $462,600

Average Sold: $467,625

Median DOM/CDOM: 10 / 10

Median List: $447,450

Median Sold: $460,000

© RMLS™ 2013. ALL RIGHTS RESERVED. - INFORMATION NOT GUARANTEED AND SHOULD BE VERIFIED. SQUARE FOOTAGE IS APPROXIMATE & MAY INCLUDE BOTH FINISHED & UNFINISHED AREAS - CONSULT BROKER FOR INFO. SCHOOL AVAILABILITY SUBJECT TO CHANGE.

4 of 4

11/18/13 7:37 PM

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 2930 SW Boundary St, Portland, OR 97239

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 2520 SW Hamilton St, Portland, OR 97239

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 5040 SW 19th Dr, Portland, OR 97239

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 5100 SW 19th Dr, Portland, OR 97239

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 4210 SW Washouga Ave, Portland, OR 97239

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 2020 SW Kanan St, Portland, OR 97239

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 1525 SW Pendleton St, Portland, OR 97239

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 1117 SW Cheltenham St, Portland, OR 97239

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 2620 SW Hamilton Ct, Portland, OR 97239

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 3536 SW Hamilton Ct, Portland, OR 97221

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 3401 SW Hamilton St, Portland, OR 97239

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 4146 SW Bancroft St, Portland, OR 97221

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 3944 SW 43rd Ave, Portland, OR 97221

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Property Photos: 1003 SW Westwood Dr, Portland, OR 97239

11/18/2013

Summary of Comparable Listings Active Listings Cat MLS#

RES RES 13359561 RES 13580091 RES 13204132

Area

Type

Address

5132 SW 148 DETACHD 3536 SW 148 DETACHD 1003 SW 148 DETACHD 4146 SW

City

RICHENBERG CT , Portland, OR 97239 - 1262 Portland HAMILTON CT Portland WESTWOOD DR Portland BANCROFT ST Portland

Yr Built Bdrms Baths SQFT

2572 2856 2924 2709

$399,900 $375,000 $449,000 $499,999

Yr Built Bdrms Baths SQFT

Price

1963 1964 1973

5 4 3 5

3 3.0 2.0 3.0

Price

Pending Listings Cat MLS#

RES RES 12659929 RES 13253155 RES 13045282

Area

Type

Address

5132 SW 148 DETACHD 3401 SW 148 DETACHD 2620 SW 148 DETACHD 3944 SW

City

RICHENBERG CT , Portland, OR 97239 - 1262 Portland HAMILTON ST Portland HAMILTON CT Portland 43RD AVE Portland

2572 2800 2244 3280

$399,900 $339,000 $399,900 $439,000

Yr Built Bdrms Baths SQFT

Price

1953 1951 1969

5 4 4 4

3 2.0 2.0 2.2

Sold Listings Cat MLS#

RES RES RES RES RES RES RES RES RES

13396557 13182719 13019324 13046779 13618962 13618152 13340466 13577902

Area

Type

Address

City

5132 SW RICHENBERG CT , Portland, OR 97239 - 1262 Portland 148 DETACHD 2930 SW BOUNDARY ST Portland 148 DETACHD 2020 SW KANAN ST Portland 148 DETACHD 5100 SW 19TH DR Portland 148 DETACHD 1117 SW CHELTENHAM ST Portland 148 DETACHD 1525 SW PENDLETON ST Portland 148 DETACHD 4210 SW WASHOUGA AVE Portland 148 DETACHD 2520 SW HAMILTON ST Portland 148 DETACHD 5040 SW 19TH DR Portland

1979 1982 1952 1954 1947 1971 1954 1951

5 4 4 3 3 3 5 3 3

3 3.0 3.0 2.1 3.0 2.1 2.0 2.0 2.0

2572 2286 2528 2824 2405 2542 2540 2996 2786

$399,900 $419,000 $436,000 $439,000 $440,000 $480,000 $495,000 $507,000 $525,000

M R EA L T Y

MARKET VALUE

P r i c i n g & S t r a t e g y Mark Scholz Oregon Broker M Realty, LLC

Ch a ri ty A d a ms O re go n B rok e r M R e al ty , L LC

503.703.0618

50 3. 381 .6 334

mark@m-‐homes.net portlandhomesforcars.com

c hari ty pd x @ g mai l . com ch a ri ty ma d a ms. co m

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Local Market Conditions: Summary The Local Market Conditions tables summarize trends and statistics in the local market: the area around the subject property that was searched for comps in the Sales Comparison Analysis. Results shown in this report are derived from a search of MLS records for 4 to 6 bedroom, 2 to 4 bathroom, 1,929 to 3,215 sq. ft., single family residence listings located within 0.8 miles of the subject property. Trend (span)

Sales Absorption Rate (sales/month) Total # of Active Listings (on last day) Months of Housing Supply

Last 7-12 Months (6-month period) 59 9.83 41 4.2

Median Comp Sales Price Median Comp Sales DOM Median Comp Listing Price Median Comp Listing DOM Median Sales Price as % of List Price

$373,000 71 $384,900 – 0.98%

Inventory Analysis

Comparable Properties in Local Market Count Range Average Median

Property Attributes Date Built Living Area (sq ft) Lot Size # Samples

Trend (span)

156% 156% 107% 69%

Last 4-6 Months (3-month period) 46 15.33 44 2.9

87% 87% 75% 86%

Last 3 Months (3-month period) 40 13.33 33 2.5

119% 103% 116% – 102%

$387,500 73 $444,950 – 1%

129% 77% 112% – 100%

$440,837 56 $499,999 – 1%

Currently for Sale

Sales Within the Last 12 Months

33 $249,900 – $2,700,000 $661,036 $499,900

121 $129,900 – $2,885,000 $478,413 $405,000

Minimum

Maximum

Average

1905 881 2,613 184

2012 8,600 71,438 –

1959 2,611 12,423 –

Trend (Total) 136% 136% 80% 59% 134% 79% 130% – 102%

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Local Market Conditions: Sales of Similar-Size Properties These tables show the sales trends for properties similar in size to the subject property in the local market: the area around the subject property that was searched for comps in the Sales Comparison Analysis. They are calculated in variations that include and exclude distressed listings. Results shown in this report are derived from a search of MLS records for 4 to 6 bedroom, 2 to 4 bathroom, 1,929 to 3,215 sq. ft., single family residence listings located within 0.8 miles of the subject property. Trend (span)

INCLUDING Distressed Listings Sales Absorption Rate (sales/month) Total # of Active Listings (on last day) Months of Housing Supply

Last 7-12 Months (6-month period) 59 9.83 41 4.2

Median Comp Sales Price Median Comp Sales DOM Median Comp Listing Price Median Comp Listing DOM Median Sales Price as % of List Price

Trend (span)

156% 156% 107% 69%

Last 4-6 Months (3-month period) 46 15.33 44 2.9

87% 87% 75% 86%

Last 3 Months (3-month period) 40 13.33 33 2.5

Trend (Total) 136% 136% 80% 59%

$373,000 71 $384,900 – 0.98%

119% 103% 116% – 102%

$387,500 73 $444,950 – 1%

129% 77% 112% – 100%

$440,837 56 $499,999 – 1%

134% 79% 130% – 102%

Sales Absorption Rate (sales/month) Total # of Active Listings (on last day) Months of Housing Supply

59 9.83 41 4.2

156% 156% 107% 69%

46 15.33 44 2.9

87% 87% 75% 86%

40 13.33 33 2.5

136% 136% 80% 59%

Median Comp Sales Price Median Comp Sales DOM Median Comp Listing Price Median Comp Listing DOM Median Sales Price as % of List Price

$373,000 71 $384,900 – 0.98%

119% 103% 116% – 102%

$387,500 73 $444,950 – 1%

129% 77% 112% – 100%

$440,837 56 $499,999 – 1%

134% 79% 130% – 102%

WITHOUT Distressed Listings

ONLY Distressed Listings Sales Absorption Rate (sales/month) Total # of Active Listings (on last day) Months of Housing Supply

– – – –

Median Comp Sales Price Median Comp Sales DOM Median Comp Listing Price Median Comp Listing DOM Median Sales Price as % of List Price

– – – – –

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Local Market Conditions: Sales of Single Family Homes These tables show the sales trends for all properties similar in type to the subject property in the local market: the area around the subject property that was searched for comps in the Sales Comparison Analysis. They are calculated in variations that include and exclude distressed listings. Results shown in this report are derived from a search of MLS records for 4 to 6 bedroom, 2 to 4 bathroom, 1,929 to 3,215 sq. ft., single family residence listings located within 0.8 miles of the subject property. Trend (span)

INCLUDING Distressed Listings Sales Absorption Rate (sales/month) Total # of Active Listings (on last day) Months of Housing Supply

Last 7-12 Months (6-month period) 22 3.67 13 3.5

Median Comp Sales Price Median Comp Sales DOM Median Comp Listing Price Median Comp Listing DOM Median Sales Price as % of List Price

Trend (span)

145% 145% 85% 58%

Last 4-6 Months (3-month period) 16 5.33 11 2.1

56% 56% 91% 162%

Last 3 Months (3-month period) 9 3 10 3.3

$443,500 71 $500,000 – 0.98%

101% 106% 90% – 101%

Sales Absorption Rate (sales/month) Total # of Active Listings (on last day) Months of Housing Supply

22 3.67 13 3.5

Median Comp Sales Price Median Comp Sales DOM Median Comp Listing Price Median Comp Listing DOM Median Sales Price as % of List Price

$443,500 71 $500,000 – 0.98%

Trend (Total) 82% 82% 77% 94%

$500,000 75 $449,900 – 1%

90% 72% 100% – 100%

$495,000 54 $449,900 – 1%

101% 76% 90% – 102%

145% 145% 85% 58%

16 5.33 11 2.1

56% 56% 91% 162%

9 3 10 3.3

82% 82% 77% 94%

101% 106% 90% – 101%

$500,000 75 $449,900 – 1%

90% 72% 100% – 100%

$495,000 54 $449,900 – 1%

101% 76% 90% – 102%

WITHOUT Distressed Listings

ONLY Distressed Listings Sales Absorption Rate (sales/month) Total # of Active Listings (on last day) Months of Housing Supply

– – – –

Median Comp Sales Price Median Comp Sales DOM Median Comp Listing Price Median Comp Listing DOM Median Sales Price as % of List Price

– – – – –

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Price per Square Foot This graph compares the local market's median estimated home value per square foot with sample properties in the market. Price / sq ft Trend

Median Sales Price This graph compares the local market's median sales price with the sales price for the sample properties in the market. Sale Price Trend

Total Sales and Listings This graph compares the number of sales with the number of listings in the local market. Listings Sales

List Price vs. Sales Price This graph compares the median listing price with the sales price in the local market. Listing Price Sales Price

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Median Days in System This graph displays the median days in system in the local market. Days on Site

Months Supply of Housing Inventory This chart shows the trend in housing inventory in the local market. Inventory

Absorption Rate This chart shows the trend in absorption rate in the local market. Absorption Rate

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

General Market Health Charts 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 from Lender Processing Services (LPS); listing price data from on- and off-market listings sources Update Frequency: Monthly Median Estimated Value Median List Price

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 where licensed from Lender Processing Services (LPS) Update Frequency: Monthly Median Sales Price Sales Volume

11/18/2013

File ID: Bennett, Tom & Judy - 5132 SW Richenberg Ct 97239

Sales Comparables Analysis Summary Result of Sales Comparison Analysis

Number of Comps Chosen

$446,263 (or $174 / Sq. Ft.)

Last Analysis Update: 11/18/2013

Comps Range

$339,000 â&#x20AC;&#x201C; $525,000 Current Range of Comparable Homes Compares the estimated value of the subject property with the comps selected in the Sales Comparison Analysis. Comps: Subject Property (Appraisal Price) For Sale (List Price) Pending (List Price) Recently Sold (Sold Price) Distressed (List Price) Pending Distressed (List Price) Off Market (Estimate)

#11 $310K

#10

#6,4,13,8,14 $446K

#5,12,2

#3 $550K

Subject

Historical Range of Comparable Homes Compares the estimated value of the subject property with the highest, median and lowest comps selected in the Sales Comparison Analysis. Subject Property Estimated Value

11/18/2013

Pricing Your Home Price Status

ACT PEN SLD Total Listings:

Minimum

Average

Sqft Median

Maximum

Average

$/Sqft Median

Average

CDOM Average

Median

3 $375,000 $441,333 $449,000 $499,999 2,830 2,856 156 3 $339,000 $392,633 $399,900 $439,000 2,775 2,800 141 92 3 8 $419,000 $467,625 $460,000 $525,000 2,613 2,541 179 10 11 Sold Properties closed averaging 101.09% of their Final List Price. This reflects a -1.09% difference 14 between Sale Price and List Price. If SNL status or Sold Auction listings are included, the Sold Price to List Price ratio will be affected because the ratio is always 100% for SNL and Sold Auction listings.

Min. List Price: Avg. List Price: Max. List Price: Average Sale Price: Recommended List Price Min: Max: Recommended:

Amount

$/Sqft

$339,000 $443,050 $525,000 $467,625

$121 $164 $188 $179

$311,212 $446,263 $399,900

$121 $173 $155

How the Recommended Price Looks in the Market