La Tierra Market Value Analysis

PROPERTY REPORT

1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283Prepared for Mark Carvalho

Presented by

Mark CarvalhoArizona Real Estate License: BR543460000

Phone: (480) 854-9000 | Mobile: (480) 250-6099 | Fax: (480) 393-0917

[email protected]://www.CarvalhoRealEstate.com

Carvalho Real Estate Group4135 S. Power Road, Suite 125Mesa, AZ 85212

Copyright 2014 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.

7/7/2014

mailto:[email protected]

http://www.carvalhorealestate.com

RVM® Confidence:

1402 E Guadalupe Rd, Unit 217, Tempe, AZ 85283

Legend: Subject Property

Active: 6/6/2014

List Price$117,990Last Price Update: –Days in System: 30

Current Estimated Value$120,500Last RVM® Update: 5/6/2014

RVM® Est. Range: $108,450 – $132,550

RVM® Change - Last 1 Month: $560

RVM® Change - Last 12 Months: 22.95%

This report contains data and information that is publicly available and/or licensed from third parties and is provided to you on an "as is" and "as available" basis. Theinformation is not verified or guaranteed. Neither this report nor the estimated value of a property is an appraisal of the property. Any valuation shown in this report has beengenerated by use of proprietary computer software that assembles publicly available property records and certain proprietary data to arrive at an approximate estimate of aproperty's value. RPR and its information providers shall not be liable for any claim or loss resulting from the content of, or errors or omissions in, information contained in thisreport.


Copyright 2014 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 7/7/2014

Home FactsPublic RemarksSUPER LOCATION! This highly upgraded top level unit has VAULTED CEILINGS and beautiful NEUTRAL TILE throughout. The kitchen has lovely GRANITECOUNTERTOPS and BLACK APPLIANCES. The large master bedroom has a PRIVATE BALCONY to enjoy a nice cup of coffee! This unit is close to the COMMUNITYPOOL AND SPA, and FITNESS CENTER. The LOCATION of this community is minutes from ASU, Arizona's most used highways (101, 202, 60, and I-10), and alsoclose to the airport. Come take a look today!

Home Facts Public Facts Listing FactsRealtor

Refinements

Property Type Condo/Townhouse Multifamily/Multiplex Property Subtype Condominium Apartment Style/Flat Bedrooms – 2 Total Baths 2 2 Full Baths 2 2 Living Area (sq ft) 1,065 1,065 Lot Size 1,000 sq ft 1,000 sq ft Lot Dimensions 1000 SF – Garage (spaces) 1 – Pool – Community, No Pool Year Built 1986 1986 Total Rooms – 2 Style – All On One Level Roofing Concrete All Tile Heating Yes Electric Heat Cooling Refrigeration Refrigeration Fireplaces – No Fireplace Construction Frame Frame - Wood Exterior Walls Wood – Number of Buildings 0 – Number of Stories 1 –

Homeowner Facts

Owner Name Client Of Carvalho Real EstateMailing Address 1402 E Guadalupe Rd UNIT 126 Tempe AZ 85283-3974Vesting Partnership



Interior FeaturesBathroom Full Bth Master BdrmCooling RefrigerationDining Dining In Lr/GrFireplace No FireplaceFloor Carpets, TileHeating Electric HeatKitchen Dishwasher, Granite Countertops,

Range/Oven-Electric, Refridgerator(S)Laundry Stacked Washer/DryerGeneral Vaulted Ceiling(S)

Exterior FeaturesConstruction Frame - WoodFence NoneRoof All TileSpa NoneStyle All On One LevelPool Community, No PoolParking Assigned ParkingSewer Sewer - PublicUtilities SrpWater City WaterGeneral Patio

Extended Home Facts

Legend: Subject Property

Location DetailsBuilder UnkCommunity Features Prof ManagedDirections To Property Exit 101 onto Guadalupe, Continue West on Guadalupe Through the Light at McClintock, the Community is less than Two Blocks

on the North side of the Street.Location Features North/South ExposureSubdivision La Tierra Condominiums



Property Photos



Historical Photos



LEGEND: Subject Property Pending Listing Expired Listing Distressed Recent Sale Off Market

Comps and Adjustments

This Property

1402 E Guadalupe Rd, Unit 217Tempe, AZ 85283

Proxim.

–

Daysin System30 days

Date

6/6/2014List Date

Amount

$117,990List Amount

$/sq ft

$111

Living Area

1,065 sq ft

Lot Size

1,000 sq ft

Beds

2

Baths

2

Built

1986

No comps have been selected for this property.



Median Estimated HomeValueThis chart displays property estimatesfor an area and a subject property,where one has been selected.Estimated home values are generatedby a valuation model and are not formalappraisals.Data Source: Valuation calculationsbased on public records and MLSsources where licensedUpdate Frequency: Monthly

This House85283Maricopa CountyArizona

Date Improvements Land Total Tax2013 $4,160 $1,040 $5,200 $7912012 $4,240 $1,060 $5,300 $7302011 – – – $9322010 $7,920 $1,980 $9,900 –2009 $5,800 $1,450 $7,250 –

Assessed Values

Property History

Legal DescriptionParcel Number: Zoning: Census Tract: Abbreviated Description: City/Municipality/Township:301-96-217 – 040133199.032013 LOT:217 UNIT:217

SEC/TWN/RNG/MER:SEC 2 TWN 1SRNG 4E LA TIERRA CONDOMINIUMSMCR 269-37 UNIT 0217 TOG W I ANUNDIV 1/116 INT IN THE COMMONELEMENTS

Tempe, AZ 85283



Sales and Financing ActivityThis chart shows a property's sales and financing history. It can be used to compare the value of the property as seen by public records, such as deeds and tax records,with the estimated home value. Actions taken against the owner, such as the issuance of a Notice of Default, are noted. Sales activity, such as listing date and pricereductions, are highlighted.

KEY Sale ListingActivity

FinancingActivity

DistressedActions

AssessedValue

AssessorMarket Value

AVM orRVM®

Sales CompValuation

Est. LoanBalance

Data Source: Public records and proprietary data; listing data from on- and off-market listings sourcesUpdate Frequency: Valuations are updated twice monthly; actions on the home, such as listing activity or distressed property notices, are updated daily as madeavailable from public records sources

Price Change HistoryChange Date Description New List Price % Change6/6/2014 – $117,990 –



Estimated Home Values

This map layer shows the average estimated home values, based on the AVMs and RVMs® for properties in an area. Source(s): Public records and MLS data wherelicensed; updated Quarterly.

12-Month Change in Estimated Value

This map layer shows the change in estimated home values over the past 12 months, based on the AVMs and RVMs® for properties in an area. Source(s): Publicrecords and MLS data where licensed; updated Quarterly.



Estimated Value per Square Foot

This map layer shows average estimated value per square foot of homes, based on the AVMs and RVMs® for properties in an area. Source(s): Public records and MLSdata where licensed; updated Quarterly.

Flood ZoneThis property is in Flood Zone: X (shaded), Moderate RiskModerate risk areas within the 0.2-percent-annual-chance floodplain, areas of 1-percent-annual-chance flooding where average depths are less than 1 foot, areas of 1-percent-annual-chance flooding where the contributing drainage area is less than 1 square mile, and areas protected from the 1-percent-annual-chance flood by a levee.No BFEs or base flood depths are shown within these zones. Zone X (shaded) is used on new and revised maps in place of Zone B.

This map layer shows an area’s flood zone designation as determined by the Federal Emergency Management Agency (FEMA). A high-risk area has a 1 percent orgreater annual chance of flooding and a 26 percent chance of flooding over the life of a 30-year mortgage. High-risk areas are red or orange. The coast areas, shown inpurple, are also considered high risk. Green areas are low to moderate risk. A moderate-risk area is between risk limits of a 100-year and 500-year flood. White areas areundetermined, and all other areas are considered no or low risk. For more details on the categories of flood risk, see http://support.narrpr.com/entries/319901-what-is-the-flood-zone-heat-map. Source(s): FEMA; updated Annually.



Median Estimated HomeValue vs. Median ListingPriceThis chart compares a ZIP code'smedian estimated home value with itsmedian listing price. Estimated homevalues are generated by a valuationmodel and are not formal appraisals.Data Source: Public records data; listingprice data from on- and off-marketlistings sourcesUpdate Frequency: Monthly

Median Estimated ValueMedian List Price

Neighborhood: Housing Stats and Charts 85283 Tempe Maricopa County ArizonaMedian Estimated Home Value $219K $216K $196K $172KEstimated Home Value 12-Month Change 18.7% 13.9% 13% 10.5%Median List Price $215K $206K $220K $200KList Price 1-Month Change 4.8% 0.7% 0.8% 0.5%List Price 12-Month Change 26.4% 16.4% 25.6% 21%Median Home Age 34 35 27 27Own 55% 46% 65% 67%Rent 45% 54% 35% 33%Vacancy 4.92% 6.21% – –$ Value of All Buildings for which Permits Were Issued – – $1.46B $2.42B% Change in Permits for All Buildings – – –12% –16%% Change in $ Value for All Buildings – – –10% –11%



Median Sales Price vs. SalesVolumeThis chart compares the price trend andsales volume for homes in an area.Home prices typically follow salesvolume, with a time lag, since salesactivity is the driver behind pricemovements.Data Source: Public records dataUpdate Frequency: Monthly

Median Sales PriceSales Volume

Median Listing Price vs.Listing VolumeThis chart compares the listing price andlisting volume for homes in an area.Listing prices often follow listing volume,with a time lag, because supply candrive price movements.Data Source: On- and off-market listingssourcesUpdate Frequency: Monthly

Median List PriceListing Volume

Listing InventoryThis chart shows the number of activelistings in a ZIP code.Data Source: On- and off-market listingssourcesUpdate Frequency: Daily

ZIP Count Listings by PropertyType



Inventory of DistressedPropertiesThis chart shows the count of distressedproperties in a ZIP code.Data Source: Public records and MLSdata where licensedUpdate Frequency: Daily

Inventory of Distressed Properties

Median Sales Price by SquareFootageThis chart shows the median price ofhomes reported sold in the past sixmonths, according to the size of theliving space, in the area of your search.The amount shown for the subjectproperty is sold data where available, orthe property's estimated value whensales data are unavailable (such as anon-disclosure state) or provided inrange format.Data Source: Public records and MLSdata where licensedUpdate Frequency: Monthly

This HouseComps85283

Price per Bedroom of HomesSoldThis chart shows the distribution ofhomes reported sold in the past sixmonths at different prices per bedroomin the area of your search. The amountshown for the subject property is solddata where available, or the property'sestimated value when sales data areunavailable (such as a non-disclosurestate) or provided in range format.Data Source: Public records and MLSdata where licensedUpdate Frequency: Monthly

This HouseComps



Price per Square Foot ofHomes SoldThis chart shows the distribution ofhomes reported sold in the past sixmonths at different prices per squarefoot in the area of your search.Data Source: Public records dataUpdate Frequency: Monthly


Price Range of Homes SoldThis chart shows the distribution ofhomes reported sold in the past sixmonths within different price ranges inthe area of your search. The amountshown for the subject property is solddata where available, or the property'sestimated value when sales data areunavailable (such as a non-disclosurestate) or provided in range format.Data Source: Public records dataUpdate Frequency: Monthly




Age Range of Homes SoldThis chart shows the distribution ofhomes reported sold in the past sixmonths of different age ranges in thearea of your search.Data Source: Public records and MLSdata where licensedUpdate Frequency: Monthly


Size of Homes SoldThis chart shows the distribution ofhomes reported sold in the past sixmonths of different sizes in the area ofyour search.Data Source: Public records dataUpdate Frequency: Monthly

Sales Count By Living Area



Population of Children byAge GroupThis chart shows the distribution of thepopulation of children by age range —from birth to 17 — in the area of yoursearch.Data Source: U.S. CensusUpdate Frequency: Annually

85283

Population of Adults by AgeGroupThis chart shows the distribution of thepopulation of adults by age range —from 18 to 75-plus — in the area of yoursearch.Data Source: U.S. CensusUpdate Frequency: Annually

85283

Households With ChildrenThis chart shows the distribution ofhouseholds with children, categorized bymarital status, in the area of yoursearch.Data Source: U.S. CensusUpdate Frequency: Annually

85283

Neighborhood: People Stats and Charts 85283 Tempe Maricopa County ArizonaPopulation 41.8K 164K 3.8M 6.34MPopulation Density per Sq Mi 4.89K 4.11K 413 55.8Population Change since 2000 0.4% 3.5% 23.6% 23.5%Median Age 32 28 34 36Male / Female Ratio 49% 51% 50% 50%High School Graduate 17% 16% 23% 25%2-Year Degree 35% 33% 33% 34%Bachelor Degree 21% 25% 19% 17%Post-graduate Degree 15% 17% 10% 10%



Household Income BracketsThis chart shows annual householdincome levels within an area.Data Source: U.S. CensusUpdate Frequency: Annually

85283

Presidential Voting PatternThis chart shows how residents of acounty voted in the 2012 presidentialelection.Data Source: USElectionAtlas.orgUpdate Frequency: Annually



Unemployment RateThis chart shows the unemploymenttrend in the area of your search. Theunemployment rate is an important driverbehind the housing market.Data Source: Bureau of Labor StatisticsUpdate Frequency: Monthly

TempeMaricopa CountyArizona

Neighborhood: Economic Stats and Charts 85283 Tempe Maricopa County ArizonaIncome Per Capita $28,389 $26,561 $27,841 $25,784Median Household Income $59,183 $48,618 $55,099 $50,752Unemployment Rate – 5% 5.5% 6.6%Unemployment Number – 5K 106K 200KEmployment Number – 95.6K 1.81M 2.82MLabor Force Number – 101K 1.92M 3.02M



Occupational CategoriesThis chart shows categories ofemployment within an area.Data Source: U.S. CensusUpdate Frequency: Annually

85283



Average Commute TimeThis chart shows average commutetimes to work, in minutes, bypercentage of an area's population.Data Source: U.S. CensusUpdate Frequency: Annually

85283

How People Get to WorkThis chart shows the types oftransportation that residents of the areayou searched use for their commute.Data Source: U.S. CensusUpdate Frequency: Annually

Average MonthlyTemperatureThis chart shows average temperaturesin the area you searched.Data Source: NOAAUpdate Frequency: Annually

Neighborhood: Quality of Life Stats and ChartsQuality of Life in 85283 85283 Tempe Maricopa County ArizonaElevation (in feet) 1,194 1,194 1,639 –Annual Rainfall (in inches) 8.51 8.51 10.08 13.11Annual Snowfall (in inches) 0 0 0.74 12.99Annual Sunny Days 180 180 180 173Avg Travel Time to Work (in minutes) – 21 26 25Water Quality - Health Violations – – 0 –Water Quality - Monitoring and Report Violations – – 1.81 –Superfund Sites 0 0 7 12Brownfield Sites No No Yes Yes



N/A out of 10

6 out of 10

School Facts This School

Total Enrollment N/A

Students Per Teacher N/A

Students in Free Lunch Program N/A

School: Evit - Marcos De Niza High SchoolSchool Details

NameEvit - Marcos De Niza High School

Address1601 W. Main StreetTempe, AZ 85283

Phone(480) 461-4000

School DistrictEast Valley Institute OfTechnology

Grades Served9-12

GreatSchools Rating

A school's rating is determined by its students' performance on state standardized tests compared with other schools in thestate.

Evit - Marcos De Niza High School

Tempe



7 out of 10

6 out of 10


Total Enrollment 525


Students in Free Lunch Program 44

Grade 3 Arizona'sInstrument to MeasureStandardsThis chart shows the test results for theschool you searched.Data Source: GreatSchoolsUpdate Frequency: Annually

Test Subjects


Test Subjects

School: Rover Elementary SchoolSchool Details

NameRover Elementary School

Address1300 E. Watson DriveTempe, AZ 85283

Phone(480) 897-7122

School DistrictTempe School District

Grades ServedK-6

GreatSchools Rating

A school's rating is determined by its students' performance on state standardized tests compared with other schools in the state.

Rover Elementary School

Tempe




Test Subjects

4 out of 5

Rating: 4

Rating: 3

Rating: 5

Rating: 5

Rating: 2

Overall Ratings for This School

Based on 37 Reviews

Posted: 4/28/2014 by parentMy school is Rover Elementary. My daughter goes to this school. We have had nothing but good experiences at this school and I feel is one of the better public schoolsaround the Tempe area. Seems a little crowded at times, but, my daughter is doing well in her 1st grade class. She loves her teacher and has made good new friends inher class. She has learned alot this year, and is looking forward to 2nd grade at Rover.

Posted: 12/30/2013 by parentSadly, this school has gone downhill since we started here in 2008. The first three years were wonderful with awesome teachers and a vibrant community feeling. Sincethen some teachers have left and the community feeling is gone. Communication from the school is non-existent. It is a black hole where you drop your children off andhear little from (some) teachers and particularly the administration about what is happening, what the children are studying and learning about, school activities etc. Someteachers do not even let their students hear school announcements or say the pledge of allegiance. Other teachers in the lower grades continue to be outstanding. Wewill finish out time we have left to complete Rover hoping no other good teachers leave the school. We miss the caring open communicative energized environment ofyears past.

Posted: 3/8/2013 by parentThis school is an amazing and great community school. The teachers, principal and staff are excellent when it comes to the education and emotional growth of allstudents. I have been a parent at Rover for 5 years and I can't think of one negative thing to say about the school. 5 stars for sure!

Posted: 1/17/2013 by parentOur son attended Rover Elementary last year for kindergarten. He was only four years old at the start of the year, so he had to test in. We were so blessed to have Mrs.Gilbert as his first teacher! All of the kindergarten teachers are wonderful, as is the librarian. The school offers wonderful programs such as Fame and Young Rembrandts.I fully recommend this school to all parents who desire a complete educational experience for their children!

Posted: 10/27/2012 by parentRelocated from Wisconsin with an only child. Her first year at Rover and honestly, her teacher is the best! Picking your child up is an absolute nightmare and I do not carefor the principal. The principal never introduced himself to me and he had a horrible attitude when I did approach him about an issue. The Wisconsin school system istotally different, I am used to principals who care about the children they oversee and appreciate parent involvement. The staff needs diversity training. I would notrecommend this elementary school after my experience.



4 out of 10

6 out of 10


Total Enrollment 958


Students in Free Lunch Program 68


Test Subjects

Grade 7 Arizona's Instrumentto Measure StandardsThis chart shows the test results for theschool you searched.Data Source: GreatSchoolsUpdate Frequency: Annually

Test Subjects

School: Fees College Preparatory Middle SchoolSchool Details

NameFees College Preparatory MiddleSchool

Address1600 E Watson DrTempe, AZ 85283

Phone(480) 897-6063

School DistrictTempe School District

Grades Served6-8

GreatSchools Rating

A school's rating is determined by its students' performance on state standardized tests compared with other schools inthe state.

Fees College Preparatory Middle School

Tempe




Test Subjects

3 out of 5

Rating: 5

Rating: 5

Rating: 5

Rating: 5

Rating: 5

Overall Ratings for This School

Based on 46 Reviews

Posted: 9/23/2013 by parentMy son is in 6th grade and new to Fees this year. I can't say enough about how impressed I am with the Principal and teachers as well as the PTSA. The expectationsare clearly communicated to the parents. I love that I know what is happening and be able to plan accordingly. I like that they use ParentVue so I can see my sonsgrades every day as well as a calendar of assignments. Teachers answer emails in a timely manner and communicate well. The PTSA is really open to new parents.They are professional and keep meetings on time and useful. I am blown away about how much I really like it. I guess there might have been some past problems withthis school from the low rating on Great Schools, but I can tell you this is no longer the case.

Posted: 9/16/2013 by parentmy son was receiving straight F's at the San tan school, prior to moving to Tempe. Ever since he started attending this school he is now back on track with straight A's.nothing else to say. the proof is in the pudding. thank you.

Posted: 9/10/2013 by parentI am very satisfied with the curriculum and the staff at Fees. Excellents teachers and nice administration team. They work hard for our kids, to prepare them for a betteracademic and personal future. I love the orchestra program Mrs. Smith is a wonderful teacher.

Posted: 9/11/2012 by parentFees is a great school! 2 kids, many changes and still loving it. Admittedly, last year was the toughest with the principal out (he took a medical leave, eventually had toresign and sadly just passed)- discipline was not where it should have been and some kids took advantage (as kids this age will). This year Fees has a very strongprincipal who has the structure and discipline back in place. I love the teachers, it is obvious that they truly care about my kids. My kids are thriving academically andsocially. I find it meaningful that they have so many elective opportunities (they get 2 electives every day which really allows them to excel in their given passions). Theacademics comes easily to both so it is nice to see them given opportunities through art, music and sports to become more well rounded.

Posted: 4/9/2012 by parentI like Fees! I have had 3 children attend this school and they have felt safe and comfortable in this structured learning environment. I have found the faculty to be open tomy communication and responsive. I appreciate their dedication to my children's education and their big hearts as they often go beyond the call of duty to provide the bestopportunities for their students.



La Tierra Market Value Analysis

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