Please Note: Sketch plan is conceptual only. Neither the Seller nor its agents have submitted plan or made any applications to a public agency.

Click Illustration to Enlarge

PUBLISHED RESERVE: $900,000

LAST ASKING: $1,700,000

SIZE: 23± acres

ZONING: Mixed Zoning (see Supplemental Information Package for Details)

PROPERTY INSPECTION: At Any Time

FINANCING: Subject to Seller's approval of Purchaser's credit: A 30% down payment with the balance secured by a first deed of trust, amortized over 20 years at 7 % interest, calling for monthly payments of principal and interest; all due and payable at the end of 5 years.

DESCRIPTION: This 23± acre residential development tract lies between Kent Valley and Lake Tapps plateau, and is within the city limits of Sumner. Auction Property #103 is located within ? mile of this property. The property is located just north of the intersection of East Valley Highway and Forest Canyon Road, and is accessed from Forest Canyon Road, by Cottage Road. Zoning will allow minimum lot sizes of 12,000 sq. ft., with potential for up to 4 lots per acre, or 80 to 100 total units on the property, with density bonuses. Sewer is available to the property (charges may apply - see Supplemental Information Package.

LOCATION: In Sumner, follow East Valley Highway east to Forest Canyon Road East. Turn onto Forest Canyon Road East heading east approximately 1/2 mile to Cottage Road. Turn left onto Cottage Road and follow to the property. APN #0520071002/0520072003/0520073004/0520074004.

SEALED BIDS DUE NO LATER THAN 5:00 P.M., NOVEMBER 18, 2009

Copyright © 2009 Realty Marketing/Northwest. All rights reserved. No part of this material may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying and recording, or by any information storage and retrieval system, without permission in writing from Realty Marketing/ Northwest.