CARA CURREY Engineered, Approved SFR Lots. Auburn, WA

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1 CARA CURREY Engineered, Approved SFR Lots Auburn, WA

2 Mountain View Meadows Auburn, WA 55 Engineered SFR Lots TODD PETTIT Click Links to Navigate Executive Summary Property Details Sellers Terms Area Description/Area Map Aerial Map that Links to Google Maps Mountain View Meadows Plat Map..Ph 1 Mountain View Meadows Plat Map..Ph 2 Lot Matrix/Lot Pricing 3D Rendering Zoom Out 3D Rendering Zoom In/Engineering Link House Photos Product Evaluation Cost Breakdown Active Inventory Pending Inventory Median Prices & Link to Reports City of Puyallup Zoning Map Driving Directions Disclosures Contents

3 Mountain View Meadows Auburn, WA 55 Engineered SFR Lots Property Description Currey Group/Windermere Real Estate have been exclusively retained to offer to qualified investors, developers and users the opportunity to acquire Mountain View Meadows (Phase 1 and 2), two engineer approved plats, ( the property ) in Auburn, Washington. The property is comprised of 55 preplatted SFR Estate type lots within the city of Auburn, WA. The project consists of 3 tax parcels, including one SFR totaling 13 acres, to be sold together. The property encompasses 13 acres with an average lot size of 8907 SF. A complete lot matrix is included on page 10. Click Here to visit lot matrix with pricing. Located above the Auburn Valley, many of the lots will have commanding views of Mt. Rainer and of the Auburn and Sumner Valleys. Phase 2 consists of one vacant parcel (4.47 acres) and a second parcel (4.47 acres) with an existing residence built in 2001 and a current tax assessed value of $408,000. The home is a 2 Story, 3140 Sqft, 3 Beds/3 Baths and a 3 car attached garage connected to public water. The home sits on proposed lot # 6 and will be included in the sale for the future developer/builder to decide it s end use, whether it becomes a rental property or touched up and sold to the open market. Investment Highlights Getting Dirty The civil construction drawings have been submitted to the city of Auburn by DR Strong. To better maximize the lot layouts and reduce development costs the current owner engaged DR Strong in a redesign effort resulting very desirable final approved designs. The sedimentation and infiltration pond located on Phase 1 serves as the storm retention for both Phase 1 and Phase 2 of Mountain View Meadows. Sewer is located at the entrance of Phase 1 (also known as Stipps) by the current owner. Water is located adjacent to the proposed road entrance of Phase 1 (Stipps) conveniently ready for extension and will eventually provide a looped water system once the extension to Phase 2 is installed. Phases 1 and 2 offer a complimentary development benefits to each other. Phase 1 is heavy in its cuts and those usable spoils will be intentionally and structurally placed within Phase 2 as part of the future Phase 2 fill and grading plan. The water line may be required to be extended during Phase 1 construction to create a looped public system extending mainline across the entrance of Phase 2. Efficiencies are being identified to also extend the sewer and storm at the same time the main-line water loop is installed. This would provide Phase 2 to be water, sewer, and storm ready with utilities extended and stubbed into the property. Overall the Phase 2 property is short approximately 10,000cy of fill, and we are identifying local sources for import fill. Why I m special. CARA CURREY carac@windermere.com Access for this project is obtainable either off of HWY-18 or HWY 167 with commute times under 40 minutes to both Bellevue and Seattle. Still centrally located for commuters who need to get to McCord Airforce Base or the City of Tacoma. Major Local Employers: Boeing, Microsoft, Amazon, Safeway Distribution, Muckleshoot Tribe, Air Force, and The Auburn Super Mall. Supply is at an all-time low for new construction in Auburn and surrounding areas. There is less than a 3 month supply of inventory for homes similar to the product that will be available in Mountain View Meadows. The housing price point will be within the median range for the Auburn area and a 5 mile radius from site. Median price is currently $330,000 for a newer home on an average 5000sf lot. Attached (pg 18) is a comparable market evaluation. Executive Summary

4 Mountain View Meadows Auburn, WA 55 Engineered SFR Lots TODD PETTIT Mitigation and Assessment Fees Property Information Offering Price: $2,700,000 Average Price Per Lot: Total Buildable Lots: Existing Residence Value: Total Acres Phase 1: Total Acres Phase 2: Total Square Feet: Average Lot Size: Jurisdiction Information, Existing SFR $351,000...Phase 2, Lot 6 Phase 1: 4.06 Acres Phase 2: 8.94 Acres 566,280 Sqft 8907 Sqft Fees listed above are for example only, and not a representation of exact costs. Buyer should verify with the local jurisdiction for actual figures. City: County: Public Utility Purveyors Auburn King School District: Auburn School District No. 408 Elementary: Evergreen Heights Middle: Cascade Middle High: Auburn High Electric: Garbage Collection: Natural Gas: Water: Sewer: Cable: Puget Sound Energy Waste Management Puget Sound Energy Lakehaven Water District City of Auburn Xfinity Fire District: Valley Regional Fire Authority Property Details

5 Offer Instructions: CARA CURREY Seller will review and respond to offers as they are received. Please send Purchase and Sale Agreements to & Property is being Sold As-Is Feasibility to be no longer than 20 days Closing Terms to be all cash Earnest Money of 5% or more First American Title (206) Ann McAlister Currey Group/Windermere Real Estate Maple Valley represents the Seller of subject property. Buyer is responsible for payment of commissions associated with additional Broker participation and or representation on Buyer s behalf. Brokerage fees incurred by Buyer should be added to the listed lot pricing included herein. Neither Seller nor seller s Broker will be responsible for said fees. 55 Engineered, Approved SFR Lots Sellers Terms

6 Area Description TODD PETTIT Auburn is centrally located in the growing and thriving Green River Valley between Seattle and Tacoma. Auburn s location, abundant land and many amenities provide a unique opportunity for business and industry. The City of Auburn was incorporated in 1891 and has a total land area of square miles. The last decade of the 20th century saw rapid growth in the community s residential, commercial and industrial sectors. The excitement, energy and conveniences of modern development have occurred while Auburn has maintained the best aspects of its rural heritage and quality of life. The community boasts a large, capable labor force, cooperative city governments, a city Economic Development Manager, a Small Business Assistance Center and a Chamber of Commerce committed to working closely with area businesses. Our strategic location between Seattle and Tacoma, next to major highways and railroads make us an ideal business location The city is bisected by state highways 18 and 167, major arterials that connect within three miles downtown to Interstate 5, the state s major north-south freeway system. This puts Auburn just 15 miles from the Seattle-Tacoma International Airport and the Port of Tacoma, and just 20 miles from the Port of Seattle, the closest deep-water port to Alaska and the Far East. Area Map

7 Click Anywhere to visit Google Maps Aerial Map

8 $47 $47 18 Engineered, Approved SFR Lots Plat Map Phase l

9 $120 $40 $40 $40 $40 $40 $44 $40 $40 $47 $42 $42 $42 $ Engineered, Approved SFR Lots Plat Map Phase li

10 Lot Matrix Total Lots: 55 Total Acres: 13 Total Square Feet: 566,280 Total Acreage and Sqft above are from raw land calculations not deducting roads. Calculations within the lot matrix are less roads and sidewalks. Existing Residence Denoted in Blue. Lot Phase Sqft Acres %Area Price %, %, %, %, %, %, %, %, %, % $47, %, %, %, %, %, %, %, % $47,000 Tract A % $0 Tract B 1 33, % $0 Total % $782,000 Lot Phase Sqft Acres %Area Price % $42, %, %, %, %, % $351, % $42, % $42, % $47,000 Lot Phase Sqft Acres %Area Price %, %, %, % $40, %, %, %, %, %, %, %, %, %, %, %, % $40, % $40, % $40, %, %, % $40, % $40, % $40, %, %, %, %, %,000 Tract A % $0 Tract B % $0 Total % $2,700,000

11 3D Rendering

12 Click for Engineering Link & HE Reports 3D Rendering

13 House Photos

14 Medrona 3100 Sqft 4 Bed/2.75 Bath CARA CURREY carac@windermere.com Example Product Evaluation

15 Fees listed above are for example only, and not a representation of exact costs. Buyer should verify with the local jurisdiction for actual figures. Example Permitting and Build Cost

16 TODD PETTIT Active Inventory

17 CARA CURREY Pending Inventory

18 TODD PETTIT Click to view Cara s Full Comp Report: Full Comp Report Median Prices

19 TODD PETTIT Zoning Map

20 From North From WA-167 S 1. Heading South on WA-167 S 2. Take the 15th St NW exit 3. Turn right onto 15th St NW 4. Take the 1st left onto 68th Ave S/W Valley Hwy N. Continue to follow W Valley Hwy N. 5. Take the 3rd right onto Mountain View Drive SW. 6. Continue onto S 331st St 7. Turn right onto 56th Ave S 8. Take the 1st right onto S 328th St From South From WA-167 N 1. Heading North on WA-167 S 2. Take the 15th St SW exit toward WA-18 W 3. Turn left onto 15th St SW 4. Turn right onto W Valley Hwy S 5. Turn left onto Mountain View Drive SW. 6. Continue onto S 331st St 7. Turn right onto 56th Ave S 8. Take the 1st right onto S 328th St

21 CARA CURREY TODD PETTIT This Offering Memorandum was prepared by Currey Group in association with Windermere Real Estate as Advisor on behalf of Seller, and is confidential and to be furnished to prospective purchasers of the property. It is intended solely to aid prospective purchasers in their evaluation of the property and whether to purchase the property. It is not to be used for any other purpose without prior written consent from Currey Group. This offering Memorandum is subject to errors, omissions, changes or withdrawal without notice and does not constitute a recommendation or endorsement as to the value of the property by Seller and Advisor and their sources. All projections have been made by Seller and Advisor and are based upon assumptions relating to the general economy, competition and other factors beyond the control of Seller, and are subject to change. Prospective purchasers should make their own projections and reach their own conclusions of value. This Offering Memorandum was prepared on the basis of information available to the Seller and Advisor in connection with the sale of the property. It contains pertinent information about the property and the surrounding area but does not contain all the information necessary for a complete evaluation of the property. Although the information contained in this Offering Memorandum is believed to be accurate and reliable, neither Seller nor Advisor guarantees its accuracy or completeness. Because of the foregoing and because the property will be sold as is, prospective purchasers should make their own independent assessments, investigations, and projections regarding the property. Although additional material that may include engineering, environmental, or other reports may be provided to certain prospective purchasers as appropriate, such parties should confer with their own engineering and environmental experts, counsel, accountants, and other advisors and should not rely upon such material provided by Seller or Advisor. Neither Seller nor Advisor nor any of their respective officers, advisors, agents, shareholders or principals of Currey Group and Windermere Real Estate has made or will make any representation or warranties, express or implied, as to the accuracy or completeness of the Offering Memorandum or any of the contents, and no legal commitment or obligation shall arise by reason of the Offering Memorandum or the contents. Analysis and verification of the information contained herein is solely the responsibility of the prospective purchaser. Disclosures