The Central at Mt Baker by Helen Yapp Pederslie

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T H E CE N TR A L AT MOU N T BAK E R

3920 27th Avenue South, Seattle, WA 98108

Developer:

Rainier Vista North LLC Manmohan Dhillon

13050 48th Ave S,

Tukwila, WA 98168

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Ambili Sukesan

206-200-8347

ambili@Intlcomm.net

Micka Pierre

425-974-0431

micka@IntlComm.net

Helen Pederslie

425-765-2170

helen@IntlComm.net

EXECUTIVE SUMMARY THE TOWNHOME PROJECT

- Total number of units: 24

- 12 units of 3 bedrooms / 2.5 bathrooms townhomes (1,650 sq ft)

- 12 units of 3 bedrooms / 1.5 bathroom townhomes (1,150 sq ft)

- Segregated lot lines (separate tax parcels)

LOAN REQUEST

- Loan of $ 6,000,000 from Bank 34

- Includes payoﬀ of Coast Community Bank’s current loan of $ 2,000,000

CURRENT INVESTMENT SUMMARY - Investment of $4,600,000 with Debt of $2,300,000 (50%)

Investment Initial investment

Personal Funds

Loan

$3,000,000

- Includes purchase of subject lot at $789,900 in 2013 Construction of Retaining Wall

$1,300,000 $2,000,000

Construction loan from Coastal Community Bank Purchase of 2 lots above subject property

$300,000

$4,600,000

$2,300,000

- Plans are to develop $1M homes for sale Total Investment / Debt ratio of 50%

EXECUTIVE SUMMARY SALES PROJECTIONS

- 24 units total

- 8 units to be completed by April 2017

- Target Completion for remaining 16 units is ??????

- 3 Phases:

- Phase ONE (4 units), total revenue = $ 2,320,000

- Phase TWO (8 units), total revenue = $ 4,180,000

- Phase THREE (12 units), total revenue = $ 6,640,000

- Gross Revenue = $ 13,140,000

- Approximate Sales Excise Tax and Fees = $328,500

- Commission (Listing Agent) = $394,200

- Commission (Buyers’ Agent) = $394,200

- Net Revenue (excluding construction costs) = $12,023,100

- Construction Costs = ?????

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T H E C E N T R A L AT M O U N T B A K E R I D E A L L O C AT I O N

- Convenient urban location with no vehicle needed

- Close proximity to 2 Light Rail stations

- 0.5 mile away (7 minute walk)

- Mt Baker station / Columbia City station

- 10 minutes to CBD Seattle

- 1 minute walk from Bus route (Seattle to Renton)

- 2 minute walk to Seattle community farm

- 2 minute walk to Boys and Girls Club of America

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C E N T R A L AT M O U N T B A K E R

THE TOWNHOMES

- Total of 24 townhomes with 3 bedrooms and 1 or 2 bathrooms

- Ranging from 1,150 sq ft to 1,650 sq ft

- Amenities:

- Attached 1 car garage

- Gas fireplace

- etc.

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T H E C E N T R A L AT M O U N T B A K E R

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SITE PLAN

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TOWNHOME PLANS

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MARKETING PLAN INTLCOMM - powered by

R E A L O G I C S S O T H E B Y â&#x20AC;&#x2122; S I N T E R N AT I O N A L R E A LT Y

Stunning photography

Professional property video

Custom property website

Matterport 3D floor plan layouts

Advertising at Investor workshop

- Target: April / May 2017

- To be held at Tesla location

Target first-home buyers (April 15th - Tax day) w/Rent vs Buy analysis

Digitial Marketing

- Email blasts to databases (Planned phases - start with Coming Soon)

- Social Media Marketing (Planned phases - start with Coming Soon)

- Facebook, Pinterest, Blogs

- Facebook targeted advertising (Planned phases - start with Coming Soon)

Direct Mail Marketing (Planned phases)

Print Marketing

- Property brochures with floor plan layouts

- NWhomes advertorials and/or inserts (Seattletimes)

Preferred lender relationship with Caliber Loans

- Buyer incentives

Exclusive relationship with Tesla

- Tesla will install complimentary charging station for buyers

Phased sales plan:

- (Potential) Reservations / deposit system w/specified contract dates

- Create sense of urgency amongst buyers to sign contract

- 3 scheduled phases with price increases

- Early release pricing

* Calender of events once finalized

MARKETING PLAN

LOCAL / ONSITE MARKETING

Staged model home(s)

Brokers Open / VIP party

Opening weekend party

Staﬀed Sales Center

Sign post directionals within 4 mile radius

Billboards

A-boards scattered among light rail stations with riders on weekends

- Flyer box or Permaflyer

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MARKETING PLAN

GLOBAL MARKETING

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C O M P A R A T I V E M A R K E T I N G A N A LY S I S

AREA TOWNHOME INVENTORY = 0.6 months

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C O M P A R A T I V E M A R K E T I N G A N A LY S I S AREA TOWNHOME SALES

X X

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C O M P A R A T I V E M A R K E T I N G A N A LY S I S

A R E A T O W N H O M E $ / S F A N A LY S I S = $ 3 5 0 - $ 3 7 0 / S F

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P R I C E R E C O M M E N D AT I O N

Phase

Unit #

Sq Ft

List Price

ONE (4 units)

1,650 SF

$575,000

1,650 SF

$575,000

1,650 SF

$575,000

4 (End unit)

1,650 SF

$595,000

1,650 SF

$600,000

1,650 SF

$600,000

7 (End unit)

1,650 SF

$620,000

8 (End unit)

1,150 SF

$480,000

1,150 SF

$460,000

1,150 SF

$460,000

11 (End Unit)

1,150 SF

$480,000

12 (End Unit)

1,150 SF

$480,000

1,150 SF

$485,000

1,150 SF

$485,000

15 (End Unit)

1,150 SF

$505,000

16 (End Unit)

1,150 SF

$505,000

1,150 SF

$485,000

1,150 SF

$485,000

19 (End Unit)

1,150 SF

$505,000

20 (End Unit)

1,650 SF

$645,000

1,650 SF

$625,000

1,650 SF

$625,000

23 (End Unit)

1,650 SF

$625,000

24 (End Unit model home)

1,650 SF

$665,000

TWO (8 units)

THREE (12 units)

Total Sales Price

$2,320,000

$4,180,000

$6,640,000

Gross Revenue

$13,140,000

Sales Excise Tax + Closing Costs (Appr.)

$328,500

Commission (Listing Agent)

$394,200

Commission (Buying Agent)

$394,200

Net Revenue (excluding construction costs)

$12,023,100

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COMPS FOR

1650 SF UNIT

MAP OF ALL LISTINGS

MLS #

INTRO

Status

Address

Price

Subject

3920 27th Ave S, Seattle, Washington 98108

1025271

5026 35th Avenue S

$579,950

1050972

3635 Courtland Place S

$569,800

1025253

5022 35th Avenue S

$565,000

1055737

3624 36th Avenue S

$551,800

971499

5009 Renton Avenue S, Unit A

$550,000

Status: S = Sold

SUMMARY OF COMPARABLE PROPERTIES

INTRO

Sold Listings Beds

Baths

YrBlt

SqFt

List Price

Sold Price

5026 35th Avenue S

2.75

2016

1,599

$579,950

2/10/17

3635 Courtland Place S

2.50

2016

1,547

$569,800

12/27/16

5022 35th Avenue S

2.75

2016

1,599

$565,000

1/23/17

3624 36th Avenue S

2.00

2016

1,507

$551,800

12/30/16

5009 Renton Avenue S, Unit A

1.50

2016

1,494

$569,000

$550,000

12/20/16

1,549

$567,110

$563,310

Address

Averages

Sold Date

PROPERTY DETAILS S

MLS #1025271

5026 35th Avenue S, Seattle

$579,950

Listing information

Courtesy of RE/MAX Metro Realty, Inc.

MLS#: 1025271

Beds: 3

Sq Ft: 1,599

Sold Date: 2/10/17

Status: Sold

Baths: 2.75

Year Built: 2016

DOM: 90

Features Interior Features: Dining Room, Walk-in Closet Appliances Included: Dishwasher, Microwave, Range/Oven, Refrigerator Basement: None Floors: Ceramic Tile, Concrete, Hardwood, Wall to Wall Carpet View: Mountain, Territorial Topography: Level Site Features: Deck, FencedPartially Lot Details: Paved Street, Sidewalk Lotsize: 1599 Remarks New construction townhomes in Columbia City minutes away from light rail. In close proximity to restaurants, coffee shops, and stores in a highly sought after neighborhood. 1599 sqft., of contemporary design, 2 bedrooms + den, 2 & 3/4 bath. Walk-in closet, hardwood floors, quartz countertops, stainless steel appliances, and mini-split / air conditioning. Scenic balcony deck and attached one car garage.

Information is deemed reliable but not guaranteed.

Source: NWMLS

LISTING PHOTOS S

5026 35th Avenue S, Seattle

MLS #1025271 $579,950

MORE LISTING PHOTOS S

5026 35th Avenue S, Seattle

MLS #1025271 $579,950

PROPERTY DETAILS S

MLS #1050972

3635 Courtland Place S, Seattle

Listing information

$569,800 Courtesy of RSVP Real Estate

MLS#: 1050972

Beds: 3

Sq Ft: 1,547

Sold Date: 12/27/16

Status: Sold

Baths: 2.50

Year Built: 2016

DOM: 31

Features Interior Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Walk-in Closet Appliances Included: Dishwasher, Garbage Disposal, Microwave, Range/Oven Basement: None Floors: Ceramic Tile, Laminate, Vinyl, Wall to Wall Carpet View: Territorial Topography: Level Site Features: Fenced-Partially, Patio Lot Details: Paved Street, Sidewalk Lotsize: 1055 Remarks Last finished home left at the Mount Baker Reserve by BDR Homes! Close by 12-31-2016 & get $5k towards closing costs. Easy access to employment centers of Seattle & walk to all the trendy restaurants and services that Mount Baker & Columbia City have to offer. Nearest Light Rail station is only 3 minutes away & the shores of Lake Washington are only 2 minutes away. Homes come with a 6 Year transferable Builder Limited Warranty. Luxury finishes and parking included with this home. Model Home.

Information is deemed reliable but not guaranteed.

Source: NWMLS

LISTING PHOTOS S

3635 Courtland Place S, Seattle

MLS #1050972 $569,800

MORE LISTING PHOTOS S

3635 Courtland Place S, Seattle

MLS #1050972 $569,800

PROPERTY DETAILS S

MLS #1025253

5022 35th Avenue S, Seattle

$565,000

Listing information

Courtesy of RE/MAX Metro Realty, Inc.

MLS#: 1025253

Beds: 3

Sq Ft: 1,599

Sold Date: 1/23/17

Status: Sold

Baths: 2.75

Year Built: 2016

DOM: 18

Features Appliances Included: Dishwasher, Microwave, Range/Oven, Refrigerator Basement: None Floors: Ceramic Tile, Concrete, Hardwood, Wall to Wall Carpet View: Mountain, Territorial Topography: Level Site Features: Deck Lot Details: Paved Street, Sidewalk Lotsize: 1599 Remarks New Custom Townhomes in Columbia City minutes away from light rail. In close proximity to restaurants, coffee shops in a sought after neighborhood. 1599 sqft of contemporary design, 2 bedrooms + den, 2 & 3/4 bath, walk-in closet, hardwood floors, quartz countertops and stainless steel appliances, mini-split / air conditioning. Spacious balcony and one car garage.

Information is deemed reliable but not guaranteed.

Source: NWMLS

LISTING PHOTOS S

5022 35th Avenue S, Seattle

MLS #1025253 $565,000

MORE LISTING PHOTOS S

5022 35th Avenue S, Seattle

MLS #1025253 $565,000

PROPERTY DETAILS S

MLS #1055737

3624 36th Avenue S, Seattle

Listing information

$551,800 Courtesy of Pacific Realty First LLC

MLS#: 1055737

Beds: 3

Sq Ft: 1,507

Sold Date: 12/30/16

Status: Sold

Baths: 2.00

Year Built: 2016

DOM: 1

Features Interior Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room, High Tech Cabling, Vaulted Ceilings, Walk-in Closet Appliances Included: Dishwasher, Garbage Disposal, Microwave, Range/Oven Floors: Ceramic Tile, Hardwood, See Remarks, Vinyl, Wall to Wall Carpet View: Territorial Topography: Garden Space, Level Site Features: Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet Lot Details: Curbs, Paved Street, Sidewalk Lotsize: 1055 Remarks Model Home Open Tue-Sun 10-5. 3624 A 36th Ave S BDR Homes presents Reserve at Mount Baker, 25 luxuriously appointed 2&3 BR homes with slab counters, high end stainless appliances, upgraded Grohe fixtures and hardwood throughout the main floor. Easy access to local cafes/shops/restaurants in Columbia City or the recreational activities on the shores of Lk WA. With transit lines and the convenience of light rail, easy access to the employment centers of dt Seattle and the S Lk Union Amazon Campus.

Information is deemed reliable but not guaranteed.

Source: NWMLS

LISTING PHOTOS S

3624 36th Avenue S, Seattle

MLS #1055737 $551,800

MORE LISTING PHOTOS S

3624 36th Avenue S, Seattle

MLS #1055737 $551,800

PROPERTY DETAILS S

MLS #971499

5009 Renton Avenue S, Unit A, Seattle

Listing information

$550,000 Courtesy of RE/MAX Metro Realty, Inc.

MLS#: 971499

Beds: 2

Sq Ft: 1,494

Sold Date: 12/20/16

Status: Sold

Baths: 1.50

Year Built: 2016

DOM: 116

Features Appliances Included: Dishwasher, Microwave, Range/Oven, Refrigerator Basement: None Floors: Ceramic Tile, Concrete, Hardwood, Wall to Wall Carpet View: Mountain, Territorial Topography: Level Site Features: Deck Lotsize: 1500 Remarks New construction townhomes in Columbia City minutes away from light rail. In close proximity to restaurants, coffee shops, and stores in a highly sought after neighborhood. 1500 sqft., of contemporary design, 2 bedrooms + den, 1 full bath, and powder room. Hardwood floors, quartz countertops, stainless steel appliances, pantry, and mini-split with air conditioning. Spacious rooftop deck and one car garage.

Information is deemed reliable but not guaranteed.

Source: NWMLS

COMPARABLE PROPERTY STATISTICS

ANALYSIS

Sold Listings Number of listings

Lowest price

$550,000

Average price

$563,310

Highest price

$579,950

Avg price per sqft Avg DOM

$364 51

ONLINE VALUATION ANALYSIS

ANALYSIS

Sold Listings Address

Sold Date

Sold Price

Zestimate

Difference

5026 35th Avenue S

2/10/17

$579,950

3635 Courtland Place S

12/27/16

$569,800

$607,232

6.6%

5022 35th Avenue S

1/23/17

$565,000

$550,862

-2.5%

3624 36th Avenue S

12/30/16

$551,800

$555,600

0.7%

5009 Renton Avenue S, Unit A

12/20/16

$550,000

$536,408

-2.5%

Source: NWMLS

SOLD PROPERTY ANALYSIS

ANALYSIS

Address

List Price

Sold Price

% of List Price

DOM

$ per Sqft

5026 35th Avenue S

$579,950

100.0%

$363

3635 Courtland Place S

$569,800

100.0%

$368

5022 35th Avenue S

$565,000

100.0%

$353

3624 36th Avenue S

$551,800

100.0%

$366

5009 Renton Avenue S, Unit A

$569,000

$550,000

96.7%

116

$368

Sold Averages

$567,110

$563,310

99.3%

$364

COMPS FOR

1150 SF UNIT

MAP OF ALL LISTINGS

MLS #

INTRO

Status

Address

Price

Subject

3920 27th Ave S, Seattle, Washington 98108

888504

3028 S Adams Street

$455,000

1019706

5047 37th Avenue S

$465,000

881875

3807 Martin Luther King Jr Way S

$439,950

941290

2701 S Charlestown Street S

$447,500

880227

3809 Martin Luther King Jr Way S

$419,950

938162

2709 S Charlestown Street

$414,950

Status: S = Sold

SUMMARY OF COMPARABLE PROPERTIES

INTRO

Sold Listings Beds

Baths

YrBlt

SqFt

List Price

Sold Price

3028 S Adams Street

2.50

2014

1,260

$399,950

$455,000

3/14/16

5047 37th Avenue S

1.75

2016

1,280

$465,000

9/30/16

3807 Martin Luther King Jr Way S

1.25

2016

1,281

$439,950

4/18/16

2701 S Charlestown Street S

1.25

2016

1,281

$449,950

$447,500

7/5/16

3809 Martin Luther King Jr Way S

1.50

2015

1,249

$419,950

4/13/16

2709 S Charlestown Street

0.75

2016

1,110

$414,950

6/1/16

1,243

$431,625

$440,392

Address

Averages

Sold Date

PROPERTY DETAILS S

MLS #888504

3028 S Adams Street, Seattle

Listing information

$455,000 Courtesy of ALLPRO Real Estate

MLS#: 888504

Beds: 2

Sq Ft: 1,260

Sold Date: 3/14/16

Status: Sold

Baths: 2.50

Year Built: 2014

DOM: 4

Features Interior Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room, High Tech Cabling, Vaulted Ceilings Appliances Included: Dishwasher, Garbage Disposal, Range/Oven, Refrigerator, Washer Basement: None Floors: Laminate, Vinyl, Wall to Wall Carpet View: Territorial Site Features: Fenced-Partially, Patio Lot Details: Curbs, Paved Street, Sidewalk Lotsize: 2128 Remarks Welcome home to Allegro! Rare resale in built green community. Close to all Columbia City has to offer, light rail & parks. Two story contemporary w/designer finishes. Slab granite, gas range, & fireplace. Large covered entry & rear patio create ideal outdoor entertaining space. Detached garage & large fenced back yard. Master bedroom boasts vaulted ceilings & bathroom w/double vanity. Second master bedroom w/on suite bathroom. Powder room on main floor. A must see.

Information is deemed reliable but not guaranteed.

Source: NWMLS

LISTING PHOTOS S

3028 S Adams Street, Seattle

MLS #888504 $455,000

MORE LISTING PHOTOS S

3028 S Adams Street, Seattle

MLS #888504 $455,000

PROPERTY DETAILS S

MLS #1019706

5047 37th Avenue S, Seattle

$465,000

Listing information

Courtesy of Heaton Dainard, LLC

MLS#: 1019706

Beds: 2

Sq Ft: 1,280

List Date: 8/24/16

Status: Sold

Baths: 1.75

Year Built: 2016

Sold Date: 9/30/16

Features Interior Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room Appliances Included: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator Floors: Concrete, Hardwood, Laminate, Wall to Wall Carpet Site Features: Deck, Gas Available, Patio Lotsize: 770 Remarks LimeLite Development presents stunning and hip Built Green 4 Star living. Designed for the urban life: 2 bedrooms, large windows, high ceilings, concrete floors, designer touches and a private roof deck with amazing territorial views. Efficient and open main floor plan includes a cool kitchen, dining, living area and patio area. Master suite includes tall windows a bathroom, large closet with walk-in shower. Join an energized community with easy access to parks, cafes, downtown & public transit.

Information is deemed reliable but not guaranteed.

Source: NWMLS

LISTING PHOTOS S

5047 37th Avenue S, Seattle

MLS #1019706 $465,000

MORE LISTING PHOTOS S

5047 37th Avenue S, Seattle

MLS #1019706 $465,000

PROPERTY DETAILS S

MLS #881875

3807 Martin Luther King Jr Way S, Seattle

Listing information

$439,950 Courtesy of RE/MAX Metro Realty, Inc.

MLS#: 881875

Beds: 2

Sq Ft: 1,281

Sold Date: 4/18/16

Status: Sold

Baths: 1.25

Year Built: 2016

DOM: 18

Features Appliances Included: Dishwasher, Garbage Disposal, Microwave, Range/Oven Basement: None Floors: Ceramic Tile, Hardwood, Wall to Wall Carpet View: Territorial Topography: Level Site Features: Cable TV, High Speed Internet Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk Lotsize: 1644 Remarks Welcome to Sawtooth, New Construction Townhomes by Domus Homes in Uber-Awesome Urban Location. Great Opportunity to Own New in one of Seattle's Most Exciting & Vibrant Neighborhoods. Located in the Heart of the Rainier Valley and Close to the New PCC, Coffee Shops, Restaurants & Parks. Super Convenient to Light Rail, Bus, Airport & Downtown. Quality & Designer Finishes w/ Green Standards including Bamboo Floors & Low VOC Paint. Open & Flowing Two Plus & Three Bedroom Floor Plans with Garages!

Information is deemed reliable but not guaranteed.

Source: NWMLS

LISTING PHOTOS S

3807 Martin Luther King Jr Way S, Seattle

MLS #881875 $439,950

PROPERTY DETAILS S

MLS #941290

2701 S Charlestown Street S, Seattle

Listing information

$447,500 Courtesy of RE/MAX Metro Realty, Inc.

MLS#: 941290

Beds: 2

Sq Ft: 1,281

List Date: 5/13/16

Status: Sold

Baths: 1.25

Year Built: 2016

Sold Date: 7/5/16

Features Interior Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room, High Tech Cabling Appliances Included: Dishwasher, Garbage Disposal, Microwave, Range/Oven Basement: None Floors: Ceramic Tile, Hardwood, Wall to Wall Carpet View: Territorial Topography: Level Site Features: Cable TV, Fenced-Partially, High Speed Internet Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk Lotsize: 1659 Remarks New Construction Townhomes by Domus Homes in Awesome Urban Location. Great Opportunity to Own New in one of Seattle's Most Exciting & Vibrant Neighborhoods. Located in the Heart of the Rainier Valley and Close to the PCC, Coffee Shops, Restaurants & Parks. Super Convenient to Light Rail, Bus, Airport & Downtown. Quality & Designer Finishes w/ Green Standards including Bamboo Floors & Low VOC Paint. Open, Flowing Two Plus & Three Bedroom Floor Plans with Garages!

Information is deemed reliable but not guaranteed.

Source: NWMLS

LISTING PHOTOS S

2701 S Charlestown Street S, Seattle

MLS #941290 $447,500

MORE LISTING PHOTOS S

2701 S Charlestown Street S, Seattle

MLS #941290 $447,500

PROPERTY DETAILS S

MLS #880227

3809 Martin Luther King Jr Way S, Seattle

Listing information

$419,950 Courtesy of RE/MAX Metro Realty, Inc.

MLS#: 880227

Beds: 2

Sq Ft: 1,249

Sold Date: 4/13/16

Status: Sold

Baths: 1.50

Year Built: 2015

DOM: 6

Features Appliances Included: Dishwasher, Garbage Disposal, Microwave, Range/Oven Basement: None Floors: Ceramic Tile, Hardwood, Wall to Wall Carpet View: Territorial Topography: Level Site Features: Cable TV, Deck, High Speed Internet Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk Lotsize: 1095 Remarks Welcome to Sawtooth, New Construction Townhomes by Domus Homes in Uber-Awesome Urban Location. Great Opportunity to Own New in one of Seattle's Most Exciting & Vibrant Neighborhoods. Located in the Heart of the Rainier Valley and Close to the New PCC, Coffee Shops, Restaurants & Parks. Super Convenient to Light Rail, Bus, Airport & Downtown. Quality & Designer Finishes w/ Green Standards including Bamboo Floors & Low VOC Paint. Open & Flowing Two Plus & Three Bedroom Floor Plans with Garages!

Information is deemed reliable but not guaranteed.

Source: NWMLS

PROPERTY DETAILS S

MLS #938162

2709 S Charlestown Street, Seattle

Listing information

$414,950 Courtesy of RE/MAX Metro Realty, Inc.

MLS#: 938162

Beds: 2

Sq Ft: 1,110

Sold Date: 6/1/16

Status: Sold

Baths: 0.75

Year Built: 2016

DOM: 7

Features Interior Features: Bath Off Master, Dbl Pane/Storm Windw, High Tech Cabling Appliances Included: Dishwasher, Garbage Disposal, Microwave, Range/Oven Basement: None Floors: Ceramic Tile, Hardwood, Wall to Wall Carpet View: Territorial Topography: Level Site Features: Cable TV, Deck, High Speed Internet Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk Lotsize: 927 Remarks Welcome to Sawtooth, New Construction Townhomes by Domus Homes in Uber-Awesome Urban Location. Great Opportunity to Own New in one of Seattle's Most Exciting & Vibrant Neighborhoods. Located in the Heart of the Rainier Valley and Close to the New PCC, Coffee Shops, Restaurants & Parks. Super Convenient to Light Rail, Bus, Airport & Downtown. Quality & Designer Finishes w/ Green Standards including Bamboo Floors & Low VOC Paint. Attached Garage. Last End Unit left. Hurry!

Information is deemed reliable but not guaranteed.

Source: NWMLS

LISTING PHOTOS S

2709 S Charlestown Street, Seattle

MLS #938162 $414,950

MORE LISTING PHOTOS S

2709 S Charlestown Street, Seattle

MLS #938162 $414,950

COMPARABLE PROPERTY STATISTICS

ANALYSIS

Sold Listings Number of listings

Lowest price

$414,950

Average price

$440,392

Highest price

$465,000

Avg price per sqft Avg DOM

$355 8

ONLINE VALUATION ANALYSIS

ANALYSIS

Sold Listings Address

Sold Date

Sold Price

3028 S Adams Street

3/14/16

$455,000

5047 37th Avenue S

9/30/16

$465,000

3807 Martin Luther King Jr Way S

4/18/16

$439,950

2701 S Charlestown Street S

7/5/16

$447,500

3809 Martin Luther King Jr Way S

4/13/16

$419,950

2709 S Charlestown Street

6/1/16

$414,950

Zestimate

Difference

$492,949

8.3%

$525,141

19.4%

Source: NWMLS

SOLD PROPERTY ANALYSIS

ANALYSIS

Address

List Price

Sold Price

% of List Price

DOM

$ per Sqft

3028 S Adams Street

$399,950

$455,000

113.8%

$361

5047 37th Avenue S

$465,000

100.0%

$363

3807 Martin Luther King Jr Way S

$439,950

100.0%

$343

2701 S Charlestown Street S

$449,950

$447,500

99.5%

$349

3809 Martin Luther King Jr Way S

$419,950

100.0%

$336

2709 S Charlestown Street

$414,950

100.0%

$374

$431,625

$440,392

102.0%

$355

Sold Averages

Annual Property Operating Data 03/07/17 Date: Proforma Value/Stb: $11,529,279 $480,387 per unit $0 $343 per sq ft New Loan: Equity: $11,529,279

Name: THE CENTRAL AT MOUNT BAKER Location:3920 27th Ave S, Seattle, WA Units: 24 Age: New Const. Property Sq. ft. - 217800 4,529 Bld. Sq. Ft.: 33,600 Rent Roll # Type 12 3 BR 2.5 Bath 12 3 BR 1.5 Bath

1 2 3 4 5 6

Sq Ft 1,650 1,150

33,600

POTENTIAL RENTAL INCOME Less: vacancy & credit losses EFFECTIVE RENTAL INCOME Plus: Other income Parking GROSS OPERATING INCOME

OPERATING EXPENSES: 7 Real estate taxes 8 Mortgage Insurance 9 Property insurance 10 Off site management 11 Payroll-on site personnel 12 Taxes/benefits 13 Onsite manager unit 14 Repairs & maintenance 15 Trash 16 Water/Sewer 17 Gas/Electric 18 Telephone/Fax 19 Administrative 20 Accounting and legal 21 Turnover 22 Advertising/marketing 24 Recreation/pool 25 Landscaping 26 Reserves 27 TOTAL OPERATING EXPENSES 28 NET OPERATING INCOME 29 30 31

Rent $3,300 $2,300 $0 $0 $67,200 ANNUAL $806,400 $20,160 $786,240 $0

Payment Mortgage(s) Balance 1st $2,300,000 $0 2nd Parking Garages Carports Totals $/UNIT OR PERCENT

100.00%

$31,123

3.96% 0.00% 1.65% 5.00% 0.00% 0.00% 0.00% 4.04% 0.00% 0.90% 0.00% 0.00% 0.00% 0.19% 0.70% 0.00% 0.00% 0.61% 1.10% 12.02% 87.98%

$31,450 $7,107

$1,500 $5,504

$4,800 $8,648.64 $94,483 $691,757

Rent/Mo

Amort 0

Gross/Yr

24 24 Comments

2.50%

$786,240

$13,000 $0

Rate 3.05%

$3,936.80 per unit CAP RATE CASH/CASH $691,757 GRM

6.00%

0.00% 33 Less: annual debt service 34 CASH FLOW BEFORE TAXES

$0 $691,757

TOTAL RETURN:

The statements and figures herein while not guaranteed, are secured from sources we deem authoritative.

$691,757

Cap rate Value

6% $11,529,279

DCS

Micka Pierre

Page 1 of 1

Dhillon & Sons CMA 1 Line (Portrait)

Active Properties Listing # Address

City

1050286

Seattle

3127 S Walden St

Listing Count :

Price :

High City

1051692 1039000 1019308 1036785 970931

Seattle Seattle Seattle Seattle Seattle

3824 39th Ave S 3240 36th Ave S 1459 S Columbian Wy 3027 Beacon Ave S 3222 S Edmunds St 5

SqFt Lot Sz Year Date 1,710 1975 11/07/16

1,710

Averages:

Rented Properties Listing # Address

Listing Count :

Bth 2.00

2 3 3 3 3

Bth 1.00 1.75 3.00 1.75 2.50

$2,500 SqFt Lot Sz 1,660 0.142 1,910 1,348 1,480 0.026 1,874

Low Year 1949 1928 2015 2016 2013

Date 11/23/16 12/05/16 09/19/16 10/08/16 07/21/16

1,654

Averages: Price :

High

$3,500

Low

$/SqFt CDOM

Orig Price

List Price

$1.46

$2,775

$2,500

$1.46

$2,775

$2,500

Median Orig Price

List Price

Rent Price

$1.27 $1.34 $2.00 $1.93 $1.87

5 61 27 4 20

$2,100 $2,995 $3,000 $2,850 $3,500

$2,100 $2,550 $2,700 $2,850 $3,500

$1.68

$2,889

$2,740

$/SqFt CDOM

$2,100

Median

$2,700

Grand Totals Count :

Averages:

SqFt:

1,664

CDOM:

OP:

$2,870

LP:

$2,700

SP:

Greetings, This CMA shows Mr. Mike Dhillon can Potentially rent each unit with comparable sq ft for an optimum of $2,700 per month (LP) the Max $2,870 (OP). I've even compared the town-homes to a few single family dwellings with similar sq ft and plus a 1 car garage. The average consumer will gravitate towards a modern finish in a community than a single family home thats dated (15+ years old). Mr. Dhillon can choose to either to place the rents high at $3,000 and stay on the market for 3-4 weeks or rent all the units in 1-2 weeks for $2,700 (CDOM) cumulative days on days market. Pricing: With all (24 units rented the profit would be $64,800 monthly and Annually $777,600 that equates to a 6.5% cap rate in the commercial world if he chooses to sell all 24 units as rentals vs. a town-homes with HOA income.

Information Deemed Reliable But Cannot Be Guaranteed. Lot Sizes and Square Footage Are Estimates. 01/10/2017 - 10:32AM

Single Family Thumbnail 3127 S Walden St, Seattle 98144 MLS#: Area: Sub Prop: Dues: Style: Community:

1050286 380 Rental 14 - Split Entry Mt Baker

Status: Beds: Baths: Frplc:

A 4 2 0

Stat Dt: Avail Dt: Yr Built: SqFt:

11/07/2016 12/01/2016 1975 1,710

R 2 1 2

Stat Dt: 11/26/2016

R 3 1.75 1

Stat Dt: 12/05/2016

R 3 2.5 0

Stat Dt: 07/22/2016

3824 39th Ave S, Seattle 98118 MLS#: Area: Sub Prop: Dues: Style: Community: Project:

1051692 380 Rental

Status: Beds: Baths: Frplc: 16 - 1 Story w/Bsmnt. Mt Baker

Yr Built: 1949 SqFt: 1,660

3240 36th Ave S, Seattle 98144 MLS#: Area: Sub Prop: Dues: Style: Community:

1039000 380 Rental

Status: Beds: Baths: Frplc: 18 - 2 Stories w/Bsmnt Mt Baker

Yr Built: 1928 SqFt: 1,910

3222 S Edmunds St, Seattle 98118 MLS#: Area: Sub Prop: Dues: Style: Community:

970931 380 Rental 13 - Tri-Level Columbia City

Status: Beds: Baths: Frplc:

Yr Built: 2013 SqFt: 1,874

1459 S Columbian Wy, Seattle 98144 MLS#: Area: Sub Prop: Dues: Style: Community:

1019308 385 Rental 15 - Multi Level Beacon Hill

Status: Beds: Baths: Frplc:

R 3 3 0

Stat Dt: 09/19/2016

R 3 1.75 0

Stat Dt: 10/08/2016

Yr Built: 2015 SqFt: 1,348

3027 Beacon Ave S, Seattle 98144 MLS#: Area: Sub Prop: Dues: Style: Community:

1036785 385 Rental 15 - Multi Level N Beacon Hill

Status: Beds: Baths: Frplc:

Yr Built: 2016 SqFt: 1,480

L Price: $2,500 O Price: $2,775 CDOM: 64 Lot Size:

R Price: L Price: O Price: CDOM: Lot Size:

$2,100 $2,100 $2,100 5 .142 ac/6,180 sf

R Price: L Price: O Price: CDOM: Lot Size:

$2,550 $2,550 $2,995 61

R Price: L Price: O Price: CDOM: Lot Size:

$3,500 $3,500 $3,500 20

R Price: L Price: O Price: CDOM: Lot Size:

$2,700 $2,700 $3,000 27

R Price: L Price: O Price: CDOM: Lot Size:

$2,850 $2,850 $2,850 4 .026 ac/1,139 sf