PUBLISHED RESERVE: $89,000

JACKSON COUNTY 2008
REAL MARKET VALUE: $454,600

SIZE: 1.01± acres (10 vacant lots from 1,051± to 1,289± sq. ft.)

ZONING: MFR - 20 Multi-Family Residential

PROPERTY INSPECTION: At Any Time

FINANCING: None - All Cash

DESCRIPTION: Thurman Court is a 20-unit P.U.D. located in northwest Medford by the Wild River Brewery Company and near both the Rogue River Mall and I-5 Highway 62 exit. Ten of the three-story townhomes were built in 2007 and range in size from 1,388± to 1,452± sq. ft., with two to three bedroom floor plans and two car garages. Original prices were in the range of $227,000 to $237,000. Current asking prices are $170,000.

The remaining ten unbuilt townhome lots are being offered by the lender at $8,900 each as a bulk package which is a 75% discount to Jackson County's 2008 real market value of $454,600. The townhome sites are ready for construction. There are CCR's (see Supplemental Information Package) and a Homeowners' Association with monthly fee of $78, which covers water/sewer and maintenance of the common area and Thurman Court. All utilities are available to the site.

LOCATION: 411 Berrydale Avenue Tax Lots 3511 - 3520. From Highway 99 north, turn right onto Table Rock Road, left at signal on Berrydale Avenue. Townhomes and lots are on the right, at Thurman Court.

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