1480 Applewood Court West, Roseville, MN Home Features and Updates. Top freezer with bottom refrigerator Stacked washer and dryer in home

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1 #309 #305 Golden Fireside Liberty 2BR/2BA 1480 Applewood Court West, Roseville, MN Jim Ternes Broker - Agent jim@jimternes.com TernesRealtyGroup.com $210,000 The Golden Liberty floor plan has an extra large master bedroom. Home features western exposure and lots of natural light in the living room and both bedrooms. Large dining area and spacious kitchen along with comfortable seating areas to relax in and entertain friends and family. Top floor home, original owner with great location in the building. Completely remodeled with new carpet and paint, this home is ready for your personal touches. You won t want to miss this great opportunity! Home Features and Updates 36 Honey Oak Cabinets West facing view over looking gazebo Top freezer with bottom refrigerator Stacked washer and dryer in home Stainless Steel sink Wash tub in laundry room White appliances in kitchen Large walk-in closet in Master BR Vinyl flooring in entry foyer 9 foot ceiling height Garage Parking #47 Additional Storage #G-8-27 Front photos are the same layout but from a different home.

2 #309 Golden Liberty 2BR/2BA 1,204 Square Feet How do I buy this home? Purchase Tier D 95% Equity 2017 Monthly Payments $ Down Payment with offer $10, Total Due at Closing $200, Your Price $210, Agents & Buyers to verify all measurements. Information deemed reliable, but not guaranteed.

3 #309 Golden Liberty 2BR/2BA Same layout, different home Parking Spot #47 - Great location near stairs and elevator. Additional storage is included with the home for those items you don t use everyday. Agents & Buyers to verify all measurements. Information deemed reliable, but not guaranteed.

4 Change Is Hard, I Can Help My name is Jim Ternes and I work extensively with seniors who are considering selling their homes and moving into an Applewood community. Many of my clients have lived in their homes for 30 plus years. They have come to a point in their life where they have to choose if they want to keep living in a home that no longer meets their needs. Many homes have become too large over time, have too many flights of stairs or the layout makes normal activities difficult. On top of this, the constant yard work and home maintenance can make life stressful. Home ownership at Applewood Pointe is often less expensive than living in a large neighborhood home. You can live in a new home that is always maintained and you never need to worry about things breaking, or needing repairs. Applewood homes are designed around the needs of seniors and provide a comfortable living environment where seniors can enjoy life, meet new friends and be involved with other like minded people. They can live in a vibrant community where people are always around and fun things are happening. I am committed to help make the transition process go as smooth as possible for those who want to move into a new Applewood home. You do not need to do this by yourself. Not only can I help you with your Applewood home purchase, I can also coordinate the sale of your current home and your transition to Applewood. You owe it to yourself. Please call me to discuss your individual needs. Jim Ternes

5 Buyer s Overview Thank you for showing an interest in Applewood Pointe and Cooperative living. My name is Jim Ternes and over the past five years, I have specialized in working with seniors who are thinking about either purchasing or selling Applewood Pointe homes. I work very close with the Property Manager and together, we would enjoy speaking with you and answering any questions you have along the way. In the meantime, here is a brief overview to get you started. Introduction There are currently a total of eight Applewood Pointe communities around the metro area with an additional three more now in the construction or planning phase. Although there is a great deal of similarity among these communities, each has its own personality and unique characteristics. All of these communities have been developed by United Properties ensuring high standards and quality and once occupied, are managed by Ebenezer, an industry leader. What is a Cooperative? A Cooperative is a non-profit corporation owned by the members or homeowners. The Cooperative holds a single master mortgage that is insured by HUD for the entire building, property and grounds. Each homeowner owns their individual home and a share of all common areas. As members of the Cooperative, homeowners only pay for their proportional share of the master mortgage and operating expenses. This unique method of ownership makes it easier to both buy and sell an Applewood Pointe home. Buyers will never pay the additional closing fees typical with condos or town homes. When a unit resells or transfers to the next owner, the master mortgage is assumed and not altered. Equity or Ownership Plans Each Applewood unit was originally purchased based on one of four equity plans referred to as Plan A, Plan B, Plan C and Plan D. These can also be thought of as tiers. These plans or tiers established the initial value of each home and the monthly fee paid by the homeowner. All of these individual plans were combined into the single master mortgage and therefore cannot be changed going forward. Thus, the exact same floor plan could come up for sale at four very different prices based solely on which rate plan was chosen by the original homeowner. Produced in cooperation with Applewood Pointe of Roseville. Information deemed reliable, but not guaranteed.

6 Buyer s Overview Monthly Payment Among the many items the monthly payment covers, the largest portion of this payment covers the principal & interest and real estate taxes for the unit s share of the master mortgage. A higher equity level allows the homeowner to have much smaller monthly payments (but does require a larger equity contribution at the start). All of these items are included in the monthly payment: Principal & interest Real estate taxes Natural Gas Heat Sewer & water Trash & recycling Mortgage insurance Lender required reserves Professional management General liability insurance On-site maintenance Interior and exterior maintenance One parking space in heated underground garage These items are paid for by the homeowner in addition to the monthly payment: $ Electricity (About $50 per month) $ Personal content insurance or HO6 plan (About $15.00 per month) $ Internet, TV and phone packages are available, but not included. Cash Sale The master mortgage cannot be changed or altered for each sale, however the buyer can assume the seller s share of the master mortgage. This requires that all transfers are full cash purchases. The total unit purchase cost is paid in two parts: part one is the earnest money that accompanies the initial purchase agreement and part two is the final payment due at the time of closing. More Questions? I would enjoy spending some more time with you so I can fully answer all of your questions. So what do you say? Do you want to start down a new path in life? Please contact me so we can get started together. Thank you in advance, Jim Ternes Broker - Agent Produced in cooperation with Applewood Pointe of Roseville. Information deemed reliable, but not guaranteed.