8 FINISHED SINGLE FAMILY LOTS PASEO DEL MAR DRIVE - PERRIS, CA

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1 All Lots Are In Finished Condition SWC Ramona Expressway & Bradley Road 4,800-6,100 Lot Sizes Area of New Home Prices From $300,000-$400,000+ May Ranch Elementary School ASKING PRICE: $99,000 Per Finished Lot With All Improvements And Fees Paid* *See details on Page 6 Evans Rd Perris Auto Speedway E. Rider St Bradley Rd Ramona Expressway Bradley Rd Ramona Expressway Perris Reservoir

2 PAGE CONTENT 3 AERIALS 5 LOCATION MAP 6 INFO Ramona Express Way Bradley Rd 7 IMPACT FEES 8 PARCEL MAP 9 COMPARABLE HOME SALES No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. 2

3 AERIALS Paseo Del Mar Dr Ramona Expressway Avalon Pkwy Bradley Rd 3

4 AERIALS Ramona Expressway Bradley Rd 4

5 LOCATION MAP CORONA RIVERSIDE MORENO VALLEY LAKE PERRIS BANNING LAKE MATTHEWS PERRIS LAKEVIEW SAN JACINTO 243 HEMET LAKE ELSINORE MENIFEE N. Perris Blvd Ramona Expressway LAKE PERRIS Rider St Evans Rd 5

6 INFO Location: Located on Paseo Del Mar in the desirable Villages of Avalon community, the property features expansive surrounding mountain views while maintaining close proximity to commercial and retail developments that include: neighborhood grocery, restaurants, and shopping. Approximately 5 miles east of Interstate 215, this site provides commuters with quick, convenient access to all of Riverside, Orange & San Diego Counties. These are the last finished lots in the master plan. Jurisdiction: City of Perris APN #: , 047, 048, 049, 054, 055, 056, 057 Lot Size: Topography: Zoning: Impact Fees: Approx. 4,800-6,100 SF Flat Villages of Avalon Specific Plan (Click here for Villages of Avalon Info) Approximately $13,516 per lot remaining to be paid Services: Water City of Perris Sewer Eastern Municipal Water District Gas SoCal Gas Electricity Southern California Edison Fire Riverside County Fire Dept. Police Riverside County Sheriff s Dept. School District: Val Verde Unified School District Avalon Elementary API Lakeside Middle School API Val Verde High School API Asking Price: $99,000 per finished lot Buyers to make offer on a finished lot basis with remaining fees and improvement costs to be agreed upon during escrow. Agreed upon costs will be deducted in order to arrive at an AS IS purchase price. 6

7 IMPACT FEES AMERICANA FEE SCHEDULE Fees/Lot Notes Updated 8/18/16 DIF $ 1,866 Fixed at $5,362/lot in DA, less unused credits $3496/lot (also specified in DA 7.3.9) Master Drainage $ - Per Development Agreement no further drainage fees are due K-Rat $ - Paid at grading permit School 1 $ - All school fees are satisfied School 2 $ - All school fees are satisfied TUMF $ - Exempt per Development Agreement MSHCP $ 1,992 Per current schedule City of Perris Water Equity Fee $ 500 City of Perris Water, but EMWD Sewer (Home Less than 2,000 SF, if over then $1,000) City of Perris Water Meter Installation - 1" $ 1,000 It appears the meter is already installed at 3922 Paseo Del Mar EMWD - Water Supply Development Fee $ 300 Charged regardless of water district EMWD - Sewer Financial Participation $ 2,586 EMWD Sewer EMWD - Sewer Treatment Plant Capacity $ 5,272 TOTAL FEES PER LOT REMAINING $ 13,516 CLICK TO VIEW DOCUMENT LINKS DIF FEE & CREDITS LETTER SCHOOL FEE LETTER DEVELOPMENT AGREEMENT 7

8 PARCEL MAP 8

9 NEW HOME SALES COMPARABLES COMPARABLE HOME SALES Product Typical Unit Unit Min Price / Max Price / Total Units Total Units Total Sales Sales Rate (Last 3 Project Name Builder Name City Open Date Type Lot Size Size Min Size Max MinPrice MaxPrice SF SF Planned Sold Remaining Rate Months) Zip Code Avelina Pulte Homes Perris 10/30/2014 Detached 6,500 1,959 3,286 $ 306,990 $ 368,990 $ $ Cabrillo at Monument Park KB Home Perris 9/1/2013 Detached 5,400 1,848 2,937 $ 299,000 $ 407,000 $ $ SteepleChase Richmond American Homes Perris 5/10/2014 Detached 8,000 2,320 3,464 $ 329,990 $ 368,990 $ $ RESALE HOME COMPARABLES Total Listings: Total on Market: Sold/Exp Ratio: Maximum: Minimum: Average: Median: Br/Ba Sqft LSqft List Price Sold Price $/Sqft 5/3.00 3/2.00 4/2.40 4/2.00 2,937 1,432 2,404 2,446 19,602 5,227 9,838 8,902 $370,000 $290,000 $337,467 $348,198 $370,000 $290,000 $336,199 $344,088 $ $ $ $ Closed Address City YrBuilt Sale Type COE Date Br Bath CDOM Sqft LSqft $/Sqft Price 3357 Cabrillo CT PRS 2014 STD 06/27/ /39 1,848 5,663 $ $290, Mary ST PRS 2016 STD 08/19/ /37 1,432 19,602 $ $300, Buffalo RD PRS 2015 STD 07/07/ /133 2,134 6,098 $ $310, Palmilla DR PRS 2015 STD 08/03/ /8 2,320 7,696 $ $343, Muir Woods RD PRS 2016 STD 08/31/ /78 2,937 5,227 $ $344, Palmilla DR PRS 2016 STD 07/20/ /72 2,827 9,285 $ $344, Palmilla DR PRS 2016 STD 07/15/ /72 2,827 8,792 $ $350, Genaro DR PRS 2016 STD 06/24/ /8 2,320 11,326 $ $353, Palmilla DR PRS 2016 STD 09/23/ /155 2,827 9,012 $ $355, Haines ST PRS 2015 STD 07/11/ /281 2,571 15,682 $ $370,000 Maximum: Minimum: Average: Median: ,937 1,432 2,404 2,446 19,602 5,227 9,838 8,902 $ $ $ $ $370,000 $290,000 $336,199 $344,088 9

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