Property Information Package 12206 SE 188th Street Renton, WA 98058

Live Public Auction Oct. 24th @ 5:30pm (PDT)

Owners have elected to sell this beautiful home with 4 bedrooms, 2 baths on 5.1 acres of land in the heart of Renton area through the Auction method of marketing. This home features a quiet location on 5.1 acres 2 car

detached garage and large shop with plenty of room for a garden, selling through a Live Public Auction.

“Don’t miss this opportunity to participate in buying and selling of homes through the auction method of marketing.”

For Bidders Packet and more Property information contact Tim Stuart: 503-263-7253 or e-mail Tim@StuartRealtyGroupInc.com Direct/text 503-680-4959

TERMS OF SALE REGISTRATION: Registration to bid is required prior to bidding through the online auction. Buyers are encouraged to pre-register prior to the day of the auction and will need proof of the appropriate Deposit funds as stated below upon arrival at the auction website. Live Public Auction will be held onsite at 5:30pm Oct. 24th (PDT)

FINAL CONTRACT PRICE: A 10% (ten percent) Buyer’s Premium will be added to the high bid to establish the Final Contract Price. The bidder with the high bid will be required to sign a Washington Real Estate Sale Contract at the Final Contract Price.

DEPOSIT: ($10,000) The deposit may be in the form of cashier's check presented to Stuart Realty Group, Inc., business check or pre-wired funds. Balance of the Final Contract Price due within 37 days from the date of the Auction. Deposit funds are non-refundable upon seller’s acceptance. Your bidding is not contingent upon any financing.

Property is being sold with "a Minimum Bid" of $600,000 the highest bid at or above that amount will be the winning bidder.

BROKER REGISTRATION: A Broker Registration Form is required by Mail or e-mail to Stuart Realty Group, Inc. received by 6pm, October, 23rd 2017 USPS mail to 358 NW 1st Ave. Suite “7” Canby, OR 97013 or e-mail form will be accepted as long as they are verified by a representative of the auction company. e-mail contact Tim@StuartRealtyGroupInc.com

CLOSING: Closing shall occur on or before November 30th 2017

POSSESSION: Possession shall be 6pm on the day after closing.

TITLE: Normal Title Insurance and escrow closing fees apply. Seller will provide marketable title on such property, subject to no encumbrances except for current taxes and assessments, easements, right of ways, reservations, covenant, conditions, and restrictions of record. A copy of the preliminary title report will be provided prior to close of escrow. This transaction shall close in an escrow office, escrow and title fees to be split 50% to the seller and 50% to the buyer. Taxes will be pro-rated as of the date of closing.

EASEMENTS: Sale of property is subject to any and all easements, restrictions, roadways, and right-of-way's of record.

DISCLOSURE: Stuart Realty Group, Inc. represent the Seller’s exclusively. The property is being sold on an 'AS IS, WHERE IS' basis, with no warranty or representation, expressed, written or implied. Auctioneer reserves the right to delete any property from the auction. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. Neither Seller, Auctioneer, nor their respective agents, representatives, employees, officers, directors, or shareholders shall be liable for any inaccuracies, errors or omissions in this brochure or in any related document submitted or delivered in connection herewith. All acreage, dimensions, square footage, and taxes in the brochure are from Public record and are deemed reliable but are not guaranteed.

SELLERS RESERVE THE RIGHT TO SELL THE PROPERTY PRIOR TO THE AUCTION Auctioneer reserves the right to change any terms of Sale

PROPERTY FEATURES Sale Includes

Four Bedrooms, 2 baths, Two level home built in 1959 with 2460 sq.ft. Large 5.1 acres with Stellar views of Mt. Rainier Zoned R4 Residential http://www5.kingcounty.gov/sdc/Metadata.aspx?Layer=zoning Two car garage/Carport with Shop Current Taxes are $6522.17 Within yards of the Soos Creek Trail 4.83 miles to Downtown Renton 18.3 miles to Downtown Seattle

Driving Directions: From Renton, WA to property: Head south on Rainier Ave S 0.7 mi Use the left 2 lanes to turn left after Starbucks (on the right) 0.3 mi Turn right onto Talbot Rd S 0.5 mi Continue onto Benson Dr S 1.6 mi Use the left 2 lanes to turn left onto SE Petrovitsky Rd 0.5 mi Turn right onto 116th Ave SE 0.8 mi Turn left onto SE 188th St From Seattle to property: Take I-5 S and I-405 N to WA-167 N in Renton 16 min (14.0 mi) Take Benson Dr. S and 116th Ave SE to SE 188th St in Cascade-Fairwood 12 min (4.3 mi)

Premier Location and Views!

A destination unto itself, this classic mid-century modern home on 5.1 acres sits on a gentle slope that leads to the Soos Creek Trail. You’ll delight in the natural surroundings that give the space a private sanctuary-like feel. Adding to the wow-factor is a picture-perfect view of Mt. Rainier that will make you the envy of all who visit. Zoned R-4, this handsome move-in ready property is a true land bank with prime development potential. With a $600,000 minimum bid at auction, this home is ready to welcome you! Call today to learn more.

Plat Map from King County records

Zoning R4 http://www5.kingcounty.gov/sdc/Metadata.aspx?Layer=zoning

Renton, WA Information courtesy of Wikipedia

Renton is a city in King County, Washington, United States. Situated 11 miles (18 km) southeast of downtown Seattle, Washington, Renton straddles the southeast shore of Lake Washington, at the mouth of the Cedar River. While long an important salmon fishing area for Native Americans, Renton was first settled by

people of European descent in the 1860s, and its early economy was based on coal mining, clay production, and timber export. Today, Renton is best known as the final assembly point for the Boeing 737 family of

commercial airplanes, but it is also home to a growing number of well known manufacturing, technology, and healthcare organizations, including Boeing Commercial Airplanes Division, Paccar, Kaiser Permanente, IKEA, Providence Health & Services, UW Medicine Valley Medical Center, and Wizards of the Coast. As of 2016, the population in Renton is 101,300, up from 90,927 at the 2010 census. Renton currently is the 8th largest city in

Washington State, and is the 4th largest in King County. The National Football League's Seattle Seahawks have a training facility in Renton. It is the second-largest facility in the NFL at 200,000 square feet (19,000 m2).

New Developments Formerly synonymous with the large industrial companies such as Boeing, and Kenworth, a pattern of future development was established with the attraction of the first IKEA in the Pacific Northwest to Renton in 1994. February 2007 saw the expansion of the Federal Aviation Administration's Northwest Mountain Regional Office across the street from its current headquarters (will be moved to Des Moines). A new branch of the Federal Reserve Bank now calls Renton home, beginning operations in the spring of 2008 on the site of the former Longacres horse-racing track. To date, myriad development of major retail, residential, and revitalization projects are amidst planning, in construction, or have been successfully executed. Among which include Port Quendall, a land parcel in north Renton, that has become the new home to the Virginia Mason Athletic Center (VMAC), housing the Seattle Seahawks Headquarters and training facility that opened in August 2008; before then, the Seahawks trained in Kirkland, Washington. The team's new state-of-the-art Renton facility, at an expansive 200,000 square feet (19,000 m2), is the second-largest facility in the NFL. In the mid-1990s, Renton undertook a major redevelopment effort to revitalize its downtown core, which had declined in commercial prominence since the opening of the Southcenter Mall in Tukwila in 1968. The many car dealerships that had previously occupied the center of downtown Renton were encouraged through economic incentives to relocate to a newly created auto sales zone close to the I-405/SR-167 interchange. In place of the old dealerships downtown, a new transit center and parking garage were built in partnership with King County Metro. Simultaneously, a number of privately developed mixed-use residential and retail buildings were also built within a one block radius of the transit center, allowing for one-bus commutes to Seattle, Bellevue, Redmond, and other employment centers. A new town square, The Piazza, was constructed next to the transit center, and an existing car dealership building was heavily remodeled into an events center, now known as the Pavilion Building. The Piazza is home to a weekly Farmers' Market during the summer months, as well as other community events throughout the year, while the city-owned Pavilion Building can be rented for parties, fundraisers, and other events, with onsite catering provided by a private caterer. Centered on former Boeing Co. property near the south shore of Lake Washington is a 68 acres (280,000 m2) development named The Landing. Two high-end apartment communities at The Landing, The Sanctuary and

The Reserve, contain a combined 880 residences, targeting a young professional demographic. The first commercial tenants of The Landing arrived in October 2007, and as of March 2012, 80% of the retail space was occupied. The nearby Southport development, located directly on the shoreline of Lake Washington, was once the site of the Shuffleton power plant until it was demolished in 2001. Southport is now home to The Bristol luxury apartments, and the 347-room, 12-story Hyatt Regency Lake Washington is scheduled to open in June 2017.

Geography

Renton is located at 47°29′12″N 122°11′43″W (47.486622, -122.195163), on the southeast shore of Lake Washington. According to the United States Census Bureau, the city has a total area of 23.54 square miles (60.97 km2), of which, 23.12 square miles (59.88 km2) is land and 0.42 square miles (1.09 km2) is water, most of which is the Cedar River. Potential Annexation Areas (PAAs) include the communities of Fairwood southeast of Renton, the East Renton Plateau on the eastern edge of Renton, and West Hill northwest of Renton. These communities are large unincorporated urban areas that are encouraged by the King County Annexation Initiative to incorporate as cities or annex into neighboring cities. As of 2012 these three PAAs are not part of the City of Renton, and not included in its demographics or statistics. Renton is among a handful of cities in the Puget Sound Region with an independent street grid system. Roads names beginning with sectional divisions (N 32nd ST) generally follow a latitudinal direction, while roads names ending in a sectional direction (Duvall Ave NE) generally follow a longitudinal direction. Many of the avenues in the city are named in honor of other cities in Washington. The city also has its own housing authority. This helps the city to avoid higher regional taxes. Renton is bordered to the north by the city of Newcastle, Washington. Along the east side of Renton is the border of the Urban Growth Boundary established by King County, as such there is no incorporated city directly east of Renton. The geographical characteristics of Renton's eastern border are varied and include (from north to south) the south flank of Cougar Mountain descending southward merging with the community of May Valley. The terrain then elevates south of May Valley to the communities of the East Renton Plateau before descending to the north bank of the Cedar River. Renton is bordered to the south by the city of Kent, Washington. The western border consists of the city of Tukwila, Washington, and finally the unincorporated King County community West Hill and Lake Washington to the northwest.

More photos and information available online at www.StuartRealtyGroupInc.com

    

All acreage, dimensions, square footage, and taxes in the brochure are from Public record and are deemed reliable but are not guaranteed. Any other terms or conditions announced the day of the auction will take precedence over information herein and printed

matter.

For more information Contact Tim Stuart at 503-263-7253 or e-mail Tim@StuartRealtyGroupInc.com