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Index Project Overview.................................................................................... 4 Map of the Area......................................................................................5 Cabin In the Woods or a Cottage In Town?...........................................6 Imagine a Cottage Community In Town................................................7 The People and The Community...........................................................8 Dynamic New Growth In the Valley......................................................9 MV Conservancy & Chamber Music Festival.......................................10 Twisp Is the Arts Town.........................................................................11 Local Organic Farming.........................................................................12 Area Growth Chart................................................................................13 Zillow Evaluation..................................................................................14 Lot Prices, Lot and Cottage Descriptions........................................15-31 Real Estate Investment Vs. Savings Account Comparison..................27 Lot C1 with a Mobile Home............................................................28-30 Homesites and Surrounding Views................................................32-33 More About the Valley....................................................................34-43 Contact Information.............................................................................41
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Located in the Beautiful Methow Valley in North Central Washington
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Riverside Park Cottages in Twisp, Washington We are a planned 25 lot cottage community, to be built in 3 phases, in the Heart of the Methow Valley located in North Central Washington. We are in the first phase now. Perfect for a part time residence, first time buyers, retired persons, investors, or if you are simply wanting to downsize. This community may be the right fit for you. Lots are available starting at $30,000. Cottages range in price from $100,000 to $200,000. Once you have purchased a lot, you have the option of building your cottage right away, or waiting until the time to build is right for you. By investing in property in Riverside Park Cottages now, you are able to get land financing of 20% down and 4.5% interest. With an initial investment as low as $6,000. This could be the perfect opportunity for you.
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Close to Wenatchee, Lake Chelan & Surrounding Recreational Areas
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Cabin in the Woods, or a Cottage in Town? Most people that visit and love to play in the Methow Valley dream of a cabin in the woods. In reality there are so many things to see and do in the beautiful valley, from rock climbing to road biking to fishing. A cabin in the woods may not be a practical solution with the additional cost and time wilderness living requires. Especially for part-timers, it is very easy to spend more time maintaining your property rather than enjoying all the valley has to offer.
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Now Imagine a Cottage Community in Town Twisp is the Arts and Culture center of the Methow Valley. When living in Riverside Park Cottages community in Twisp, you are a 5 minute walk to browse the local art galleries, jewelry shops and art studios. Take in a play at the Merc Playhouse or take a stroll through the Farmers Market. Attend one of the many music and arts festivals held throughout the year, including the renowned Rhythm and Blues Festival. One of the places to visit in Twisp is Twisp Works, which is a community campus where dozens of artists collaborate, create, teach, learn and support each other in the Valley. The Methow is home to many local businesses. Award winning Blue Star Coffee Roasters, Lost River Winery, 7 Methow Valley Brewing Company.
The People and Community Twisp is made up of long time residents who have been living in the valley for years, raising their families here for generations. Also home to newcomers in the Valley wanting to enjoy life in the mountains and a small town.
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Dynamic New Growth
Along with real estate growth, businesses in the Valley are flourishing. Several businesses have been remodeled and expanded; Evergreen IGA, Hanks Harvest Foods and the Rocking Horse Bakery to name a few. The Glover Street Market has been expanded and remodeled to include a wine cellar. Twisp Works continues to grow. The campus is currently in phase 2. Also New in the Valley are: Twisp River Suites Kelly’s at Wesola Polana (Restaurant) Methow Cycle and Sport Nectar Skincare The Wine Shed Cascade Outdoor Store (opening in June 2014)
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MV Conservancy and The Chamber Music Festival The Methow Conservancy formed from a 1996 merger between the Methow Valley Land Trust and the Methow Valley Environmental Center. What started as an energetic vision to protect land in the Valley has grown into a well-respected mainstay of the Methow Valley community. Now the organization has a membership base of more than 1000 households. The Methow Valley Chamber Music Festival takes place each summer in the Cascade Mountains on the dry, sunny side of Washington State. Our Center-Stage Concerts are held at Signal Hill Ranch, high above the Methow Valley floor, halfway between Winthrop and Twisp.
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Twisp is The Arts Town The Merc Playhouse is a performing arts theater in the valley. They have two productions a year. They also provide a space for dance lessons in the community. The theater is used for many performances and events throughout the year. Other places to find art in the Valley are Door No. 3, a print and book art studio and gallery. The Confluence Gallery and Art Center hold up to 7 exhibits a year, showcasing local Washington Artists.
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Local Organic Farms
There are many local and organic farmers. They offer locally raised livestock, organically grown produce, grain, plants, and herbs (Methow Valley Herbs), which are all available at the Methow Valley Farmers Market in Twisp or other local grocers. Some of the local farmers are BCS Livestock, Blue Bird Grain Farms, Booth Canyon Orchard, Rama Farm, and McFarland Creek Lamb Farm, and Highway 20 Honey. With a community focused on locally grown, high quality products, the residents of the valley are offered multiple opportunities for healthy, fresh eating with local food. The farmers in the Valley use their local resources efficiently and responsibly. 12
Area Growth Chart
Methow Valley home sales exploded in 2013, driving the Valley’s real estate market to its best performance in six years. Information courtesy of Dave Thomsen of Coldwell Banker Winthrop Realty 13
Zillow Evaluation
The Zillow graph shows the value of the only existing home in the project. The property and home value has increased $100,000 since 2011.
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Three Buying Options
Living in Twisp is great for some people, but there are other good reasons for investing here. 1) Buy a lot for an investment or build later 2) Buy a lot and just the shell, finish the inside later 3) Turnkey, get everything you want now and start enjoying the Methow.
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Lot 1 - 142 Evergreen Loop 5,208 Square Feet Price $30,000 20% Down 4.5% Interest Approx. $150/Month Located on the Southeast corner of the plat. This is a 5,208 Square foot lot. Starting price at only $30,000. Land financing available. 20% down, 4.5% interest, approximately $150 a month until you are ready to build your dream cottage.
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Cottage Choice #400 Only 400 Sq.Ft. But feels much larger with the covered Porch 1 Bedroom 1 Bathroom Living Area: 400 sq. ft plus covered porch. Overall Dimensions: 14’ wide, 30’ long. Vaulted ceilings Option #2: #600 sq. ft.
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Lot 2 - 138 Evergreen Loop 5,208 Square Feet Price $30,000 20% Down 4.5% Interest Approx. $150/Month Starting price at only $30,000. Land financing available. 20% down, 4.5% interest, approximately $150 a month until you are ready to build your dream cottage.
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Cottage Choice #576: 1 Bedroom, 1 Bathroom. Living area: 576 sq. ft. Ceiling Height: 9ft. Overall Dimensions: 16’ wide by 44’ long. Cottage Choice #832: is the same floor plan as the #576 with an additional bedroom. This cottage is sleek and simple. Perfect size for a weekend getaway. 19
Lot 3 - 134 Evergreen Loop 5,208 Square Feet Price $32,500 20% Down 4.5% Interest Approx. $165/Month This is a 5,208 Square foot lot starting price at only $32,500. Land financing available. 20% down, 4.5% interest, approximately $165 a month until you are ready to build your dream cottage.
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Cottage Choice #888: 2 Bedrooms, 2 Bathrooms. Living area: 888 sq. ft. Overall Dimensions: 25’ wide by 52’ long. Cottage Choice #1112: floor plan with a 3rd bedroom option, would be great for an office space, or could be turned into a screened porch or sun room to enjoy the summer months. 21
Lot 4 - 130 Evergreen Loop 5,327 Square Feet Price $32,500 20% Down 4.5% Interest Starting price at only $32,500. Land financing available. 20% down, 4.5% interest, approximately $165 a month until you are ready to build your dream cottage.
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Choose this Plan or Any Other
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Lot 12 - 125 Evergreen Loop 5,663 Square Feet Price $35,000 20% Down 4.5% Interest Approx. $175/Month Starting price at only $35,000. Land financing available. 20% down, 4.5% interest, Approximately $175 a month until you are ready to build your dream cottage.
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Cottage Choice #1078: 2 Bedroom, 2 Bathroom 2 Story. Living area: 1078 sq. ft. Overall Dimensions: 21’ wide by 51’ long. Porches surround this home offering great views from any location. The loft area upstairs is ideal for an office or library with a 2nd bedroom and bath on the upper level. 25
Lot 13 - 1410 Riverside Ave 5,663 Square Feet Price $35,000 20% Down 4.5% Interest Approx. $175/Month This is a 5,663 Square foot lot starting price at only $35,000. Land financing available. 20% down, 4.5% interest, approximately $175 a month until you are ready to build your dream cottage.
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Real Estate Investment VS. Savings Account Comparison Return on Investment (R.O.I) Real Estate Investment: $35,000 Lot $7,000 Initial Investment (20%) $150 Monthly Payments 5 year investment of $16,000 Assuming 10% Property Value Increase for 5 years, your property value would be $52,500, less the 35k purchase. Your R.O.I. price would be $17,500.00 Savings Account: $7,000 Initial Deposit $150 Monthly Deposits 5 year investment of $16,000 Assuming 1% APY Account balance after 5 years would be $16,583. Your R.O.I would be $583.60 The above numbers are a guide based on our current market, actual numbers may vary.
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Lot C1 - 1327 Riverside Ave 7,200 Square Feet Price $40,000 20% Down 4.5% Interest Approx. $200/Month This 7,200 Square foot lot has existing water, sewer and power connected to a existing mobile home. The mobile home fixed up, rents for $400.00 to $500.00 per month. CC&R’s require the mobile home gone and a cottage built within 36 months. In the mean time a rental option is open to generate positive cash flow. 28
Rental income option until you build your dream cottage. Or build right away.
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Lot C1 with Mobile Home
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Plat Map
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These photos are what the lots look like now. As the community develops, homes are built, landscaping is installed, the cottage community will develop its own identity and personality. Making it a warm and welcoming part of the Twisp community. This is a prime area to watch the seasons change and experience the beautiful scenery.
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Riverside Park Cottage Community Surrounding Views
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The Methow Valley Home of the Olympic Champions
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Sun Mountain Lodge & Freestone Inn & Cabins Nearby, there are three charming towns to explore, all with a unique character: Twisp, Winthrop and Mazama. There are many overnight lodging options to chose from. 36
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Many Summer Time Activities
When the North Cascades Pass opens in the Spring the outdoor activities change from snow based activities such as snowmobiling, skiing, snow shoeing, and cross country skiing to sunny summer activities such as biking, hiking, golfing, fishing, camping, boating, river rafting, and rock climbing. 39
Miles and Miles of Trails...
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Summer Fishing
Explore more than 200 high mountain lakes, 400 lowland lakes, 200 water and wildlife access areas and 300,000 acres of publicly owned land. This is the number one recreational fishing region statewide that includes warm water fisheries and cold water trout and steelhead fisheries. It also boasts the most popular bass fishing sites in the state. 41
The Beautiful Twin Lakes
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The Methow Valley Water & Trail System The Methow Valley is located in Okanogan County, Washington. It is one of the most scenic and more desirable places to live. There are awe-inspiring areas for riding horses, mountain biking, hiking, rock climbing, snowshoeing, camping, hunting, etc... There are 300 lakes, 6 major rivers and numerous creeks to accommodate fishing, boating, river rafting and swimming. The Valley’s trail network is something everyone is very proud of. It is the longest system in the nation.
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3 Options to Choose From: 1) Purchase a lot now and wait to build. 2) Purchase a lot, build a shell. (to be completed within 12 months) 3) Purchase a lot and build your home right away.
If you are interested in Riverside Park Cottages come visit Twisp and the Methow Valley for yourself. We would love to talk to you about your options. Give us a call and we can answer any questions you may have. Craig Bunney (425) 530-7373
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