198 Preliminary Plat Approved LDMR Lots With Possible Seller Financing! 3407 Callow Road, Lake Stevens, WA $2,970,000.

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1 Lake Lake Stevens, Washington 198 Preliminary Plat Approved LDMR Lots With Possible Seller Financing! 3407 Callow Road, Lake $2,970,000 Please Contact: Peter Murphy P: E: Erin Bee P: E: th Street SW Suite 135 Lynnwood, WA Phone: Fax:

2 Property Overview The Nourse Subdivision, located in Lake Stevens, Washington, is comprised of 198 preliminary plat approved, detached condominium lots, also referred to as Low Density Multifamily Residential (LDMR) lots. This plat has been approved for 288 LDMR lots total, however 5 of the 19 parcels that make up the 288-lot plat of Nourse are under different, but single, ownership. First construction plan set has been reviewed by the City of Lake Stevens and comments have been issued. Furthermore, the Seller is working on an extension to the current entitlements. Bank financing may be available for creditworthy buyers! Total Lot Count: Asset Type & Status Lot Size: 198 for Sale/ 288 Total in Plat Preliminary Approved Plat LDMR Lots 2,672-12,173 square feet** Lot Width: ** Zoning: Site Area: Open Space: Multi Family with Contract Conditional Use Permit 3,053,759 square feet or acres** 1,186,786 square feet or acres** Tax Parcels: , , , , , , , , , , , , , Road Frontage: State Route 92, Callow Road, and 109th Avenue NE **Calculations are for the entire 288-lot site

3 Property Overview Continued Water: Snohomish County PUD No.1 Sanitary Sewer: Lake Stevens Sewer District School District: Lake Stevens School District Fire District: Fire District #8 Natural Gas: Puget Sound Energy Electricity: Snohomish County PUD No. 1 PHASE 1: PHASE 2: PHASE 3: PHASE 4: 30 Lots Park at Intersection of Callow & Oak Road Storm Retention System serving Western portion of plat Frontage Improvements along Callow Road Construction of trail system within plat 119 Lots Completion of Callow Road and trail system improvements 91 Lots Extension of Oak Road to 109th Street 48 Lots Storm Water Detention area Park area Mitigation for impact to critical areas

4 Location Overview Lake is a beautiful bedroom community surrounding the largest lake in Snohomish County. The population of Lake Stevens has seen exponential growth since Residents enjoy the natural scenery Lake Stevens has to offer as well as affordable home prices coupled with nearby employers such as Boeing and Providence Hospital. Snohomish County has seen tremendous population growth over the past decade, making it one of Washington state s fastest growing counties. Ranked as the 3rd largest county of Washington in overall population, Snohomish County continues to grow. Lake Stevens is located just east of Everett, the county seat. Location Details The Nourse Subdivision is located south of State Route 92 and east of Callow Road in Lake. Quick Stats: Directions: From Highway 204 go north on Highway 9 to State Route 92. Go east on SR92 to Callow Road.. Head south on Callow Road. Property will be immediately on your left (east side of Callow Road). Median Household Income: $66,706 Housing Units : 208,511 Population Change: 14.6% (from 4/2000 to 7/2009)

5 Plat Map

6 Aerial Map Ownership Legend Cascade Bank Gray 1 Washington, LLC Frontage along State Route 92, Callow Road, and 109th Avenue NE 198 Preliminary Plat Approved LDMR Lots

7 Property Photos

8 Property Photos