FORECLOSURE ACQUISITION BINDER Christian Chase - Foreclosure Agent at Chase Real Estate 630-527-0095 Office 630-484-5534 Mobile christian.chase@mychaseagent.com www.ChaseForeclosure.com
Property Address:
424 Hillside
City:
Hillside
Zip:
60162
After Rehab Value (ARV):
176,000
Purchase Price:
101,989
Rehab Estimate:
18,800
Rental Estimate:
0
INVESTMENT STRATEGY FOR SUBJECT PROPERTY Rehab and Sell Rehab and Rent
ATTACHED DOCUMENTATION Pro Forma Rehab & Sell Pro Forma Rehab & Rent Comparative Market Appraisal
NOTES:
Fix and Flip. Great location!
Print Form
Mortgage payment (interest only) Taxes Insurance Association Dues Utilities Monthly carrying costs
PROFIT CALCULATION Selling price: Less: Purchase price Less: Rehab Less: Carrying costs Less: Commission Less: Closing costs on purchase Less: Closing costs on sell Profit: Rate of return on money invested
$433.45 $487.92 $33.33 $0.00 $0.00 $954.70
INPUTS: Appraised value Selling price Purchase Price Annual Taxes Monthly Association Dues Rehab Homeowner's Insurance Closing costs on purchase Interest rate during rehab Loan amount during rehab (85% loan) Points paid on loan
$176,000.00 -$101,989.00 -$18,800.00 -$4,773.50 -$5,280.00 -$3,000.00 -$2,000.00 $40,157.50 77.1%
Summary: Down payment (75% loan) Rehab Closing costs on purchase Carrying costs Total dollars required:
FOR DEMONSTRATION PURPOSES ONLY - RESULTS NOT GUARANTEED
$176,000.00 $176,000.00 $101,989.00 $5,855.00 $0.00 $18,800.00 $400.00 $3,000.00 6.00% 86,690.65 0.00
$25,497.25 $18,800.00 $3,000.00 $4,773.50 $52,070.75
Comparative Market Analysis Property At: 424 N HILLSIDE AVE Prepared For: Chase Investor
Prepared By: Christian Chase Chase Real Estate, LLC
Office Phone: (630) 527-0095 Direct Line: (630) 527-0095 Personal Fax Number: (630) 701-1030 Email: christian.chase@mychaseagent.com
Prepared By: Christian Chase Chase Real Estate, LLC
Subject Property
Street Number: 424 Compass Point: North Street Name: HILLSIDE Street Suffix: Avenue City: Hillside State: Illinois Zip Code: 60162 List Price: $101,989 Sold Price: $101,989 Total # Of Rooms: 7 Bedrooms: 4 Bathrooms: 1 Lot Size: Less Than .25 Acre Type of House: 1 Story Living Room Size: 12X21 Master Bedroom Size: 10X10 Basement: Slab Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 51-100 Years Exterior Building Type: Brick Elementary Sch Dist: 87 High Sch Dist: 209
Prepared By: Christian Chase Chase Real Estate, LLC
Comparables Subject Property
424 North HILLSIDE Address: Avenue Hillside, Illinois 60162
Comp #1
Adjustment Comp #2
Adjustment Comp #3
Adjustment
460 CLAYTON AVE Hillside, Illinois 60162
342 Clayton AVE Hillside, Illinois 60162
338 Maple LN Hillside, Illinois 60162
MLS #:
07430179
07371929
07432009
Status:
PEND
CTG
CTG
$159, 000
$159, 900
$185, 000
Total # Of Rooms: 7
7
4
8
Bedrooms - Above Grade: 4
3
2
2
1.1
1.1
1
Less Than .25 Acre
Oversized Chicago Lot
Less Than .25 Acre
1 Story
1 Story
1 Story
List Price: $101, 989 Sold Price: $101, 989 Closed Date:
Total Full/Half Baths: 1 Subdivision: Lot Size: Less Than .25 Acre Approx Sq Ft: Type of House: 1 Story Dining Room:
L-shaped
Living Room Size: 12X21
12X18
18X13
18X12
Master Bedroom Size: 10X10
12X15
13X10
13X11
Full, Finished
Full, Finished
Full, Finished
Detached, 2 Car Garage
Detached
Detached, 2 Car Garage
Unassigned
Off Street
On-Site
51-100 Years
51-100 Years
51-100 Years
Brick, Limestone
Brick
Brick
88
87
93
93
209
209
Model:
Ranch
Basement: Slab Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 51-100 Years Exterior Building Type: Brick Elementary Sch Dist: 87 High Sch Dist: 209 Short Sale/Foreclosed/Court Approved: Total Adjustments:
Adjusted Price:
Prepared By: Christian Chase Chase Real Estate, LLC
$0
$0
$0
$159000
$159900
$185000
Comparables (continued) Subject Property
424 North HILLSIDE Address: Avenue Hillside, Illinois 60162
Comp #4
Adjustment Comp #5
Adjustment Comp #6
Adjustment
439 N Elm ST Hillside, Illinois 60162
746 N LEE BLVD Hillside, Illinois 60162
541 IROQUOIS RD Hillside, Illinois 60162
MLS #:
07309729
07440353
07444142
Status:
CLSD
CLSD
CLSD
List Price: $101, 989
$179, 000
$179, 777
$179, 900
Sold Price: $101, 989
$165, 000
$165, 000
$179, 000
01/28/2010
05/24/2010
04/20/2010
Total # Of Rooms: 7
Closed Date:
5
8
5
Bedrooms - Above Grade: 4
2
4
3
Total Full/Half Baths: 1
2
2
2
Less Than .25 Acre
.50-.99 Acre
Less Than .25 Acre
Subdivision: Lot Size: Less Than .25 Acre Approx Sq Ft:
1405
Type of House: 1 Story
Raised Ranch
2 Stories
Combined w/ LivRm
Combined w/ LivRm
Living Room Size: 12X21
18X13
14X16
12X18
Master Bedroom Size: 10X10
13X10
18X17
11X13
Full
Full, Finished
Full, Partially Finished
Detached, 1 Car Garage
None
2 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)
Off Street
Off Street
Off Street
51-100 Years
51-100 Years
51-100 Years
Brick
Aluminum/Vinyl/Steel Siding, Brick
Brick
87
88
87
209
209
209
N/A
N/A
N/A
Dining Room:
1 Story
Model: Basement: Slab Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 51-100 Years Exterior Building Type: Brick Elementary Sch Dist: 87 High Sch Dist: 209 Short Sale/Foreclosed/Court Approved: Total Adjustments:
Adjusted Price:
Prepared By: Christian Chase Chase Real Estate, LLC
$0
$0
$0
$165000
$165000
$179000
Comparables (continued) Subject Property
424 North HILLSIDE Address: Avenue Hillside, Illinois 60162
Comp #7
Adjustment Comp #8
Adjustment Comp #9
Adjustment
504 N IRVING AVE Hillside, Illinois 60162
428 N HILLSIDE AVE Hillside, Illinois 60162
456 FOREST AVE Hillside, Illinois 60162
MLS #:
07077566
07525248
07520652
Status:
CLSD
ACTV
ACTV
List Price: $101, 989
$207, 777
$180, 000
$189, 900
Sold Price: $101, 989
$195, 000
Closed Date:
12/17/2009
Total # Of Rooms: 7
6
6
6
Bedrooms - Above Grade: 4
3
3
3
1.1
1
2
Less Than .25 Acre
Less Than .25 Acre
Less Than .25 Acre
1304
825
1 Story
Split Level w/ Sub
1 Story
Living Room Size: 12X21
17X12
16X15
18X13
Master Bedroom Size: 10X10
11X11
24X16
16X13
Full, Unfinished
Partial, Finished, Partially Finished
Full, Unfinished
2 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)
Detached, 2.5 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)
Detached, 1.5 Car Garage, Garage Door Opener(s) (Auto)
None/Not Applicable
On-Site
Off Street
51-100 Years
51-100 Years
51-100 Years
Brick
Brick
Brick, Stone
87
93
87
209
209
209
Total Full/Half Baths: 1 Subdivision: Lot Size: Less Than .25 Acre Approx Sq Ft: Type of House: 1 Story Dining Room:
Model: Basement: Slab
Garage Type: 1 Car Garage
Parking: None/Not Applicable Age: 51-100 Years Exterior Building Type: Brick Elementary Sch Dist: 87 High Sch Dist: 209 Short Sale/Foreclosed/Court Approved:
N/A Total Adjustments:
Adjusted Price:
Prepared By: Christian Chase Chase Real Estate, LLC
$0
$0
$0
$195000
$180000
$189900
Key
MLS #
Status
Address
Price
Beds
Baths
1)
07430179
PEND
460 CLAYTON AVE
$159,000
3
1.1
2)
07371929
CTG
342 Clayton AVE
$159,900
2
1.1
3)
07432009
CTG
338 Maple LN
$185,000
2
1
4)
07309729
CLSD
439 N Elm ST
$165,000
2
2
5)
07440353
CLSD
746 N LEE BLVD
$165,000
4
2
6)
07444142
CLSD
541 IROQUOIS RD
$179,000
3
2
7)
07077566
CLSD
504 N IRVING AVE
$195,000
3
1.1
8)
07525248
ACTV
428 N HILLSIDE AVE
$180,000
3
1
9)
07520652
ACTV
456 FOREST AVE
$189,900
3
2
Prepared By: Christian Chase Chase Real Estate, LLC