Cedar View Subdivision No. 2 Hillcrest Dr. Montrose, Colorado 81401

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1 Cedar View Subdivision No. 2 Hillcrest Dr Property Information Packet John Renfrow * Jim Renfrow M b f Renfrow Realty Member of: Rocky Mountain Commercial Brokers Page 1

2 Executive Summary CEDAR VIEW SUBDIVISION Hillcrest Dr. *MONTROSE, Colorado* $995,000 Development Opportunity acre MOL subdivision perfect for you to complete development. Filing 1 is platted with 40 residential lots and open space along Hillcrest Dr. Preliminary Plat for Planned Development of 2 outlots contains 103 residential lots. Also included is an additional 7 acres of park which h is complete and maintained i by the City of Montrose. Zoned R-6 Medium Density/Manufactured Housing District in the City of Montrose. Excellent location for residential subdivision, just south of Main Street on Hillcrest Dr. Property is bank owned, sold As-Is, Where-Is with no guarantee, representation, or warranty. Contact John or Jim Renfrow at (970) Page 2

3 Parcel Map Outlot A Outlot B City of Montrose Park City of Montrose Park Subject Property includes 40 platted lots, 2 open spaces, 2 outlots with preliminary plat for 103 lots and 2 park spaces to be completed and dedicated to the City of Montrose Page 3

4 Aerial Photo Open Space Open Space SOLD 95 Outlot A Outlot B City of Montrose Park Subject property Page 4

5 Directions to Property Starting from Renfrow Realty Office at 1832 South Townsend Ave., Montrose, CO Office number (970) Page 5

6 Montrose County Assessor Property Account Detail** Account Detail Owner Information Owner Name FIRST NATIONAL BANK OF THE ROCKIES Owner Address 2452 HIGHWAY 6 AND 50 GRAND JUNCTION, CO Lot # Legal Description Parcel # 2012 Taxes* Sq.Ft. Acres Lot # Legal Description Parcel # 2012 Taxes* Sq.Ft. Acres 1 Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 1 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 111 S: 26 T: 49 R: $ ,208 2 Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 2 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 112 S: 26 T: 49 R: $ ,600 3 Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 3 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 113 S: 26 T: 49 R: $ ,600 4 Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 4 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 114 S: 26 T: 49 R: $ ,600 5 Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 5 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 115 S: 26 T: 49 R: $ ,273 6 Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 6 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 116 S: 26 T: 49 R: $ ,315 7 Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 7 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 117 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 95 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 118 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 97 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 119 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 98 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 120 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 99 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 121 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 100 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 122 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 101 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 123 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 102 S: 26 T: 49 R: $ , bd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 124 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 103 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 125 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 104 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 126 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 105 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 127 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 106 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 128 S: 26 T: 49 R: $ , Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 107 S: 26 T: 49 R: $ ,900 Open Space Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Tract: 1, 2 OPEN SPACE, OPEN SPACE S: 26 T: 49 R: $ Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 108 S: 26 T: 49 R: $ ,848 Outlot A Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 OUTLOT A S: 26 T: 49 R: $ 7, Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 109 S: 26 T: 49 R: $ ,973 Outlot B Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 OULOT B S: 26 T: 49 R: $ 1, Subd: CEDAR VIEW SUBD NO 2 P D FILING NO 1 Lot: 110 S: 26 T: 49 R: $ ,981 Total Total Taxes $ 20, Acres *2012 Estimated Taxes **For more information please contact the Montrose County Assessor at (970) Page 6

7 Map of Vicinity Downtown Montrose Johnson Elementary School Road to Black Canyon National Park (~8 miles) Subject property Black Canyon Golf Course Page 7

8 City of Montrose Zoning Map Subject property is zoned R-6 Medium Density/Manufactured Housing District in the City of Montrose Zoning Regulations for R-6 are on the following page Contact City of Montrose at (970) for more information Page 8

9 Zoning Breakdown* R-6 Medium Density/ Manuf. Housing District : "R-6" MEDIUM DENSITY / MANUFACTURED HOUSING DISTRICT (A) Intent: The "R-6" Medium Density / Manufactured Housing District is intended to provide a quiet, medium-density development for single family residences and duplexes. Environmental protection is provided by allowing only single family residences and duplexes with certain other compatible land uses. Manufactured housing meeting the performance standards of Subsection (D) below is allowed. (Ord. 2047, ) (B) Uses by Right: (1) Single family homes and duplexes. (Ord. 2047, ) (2) Public utility service facilities. (3) Government buildings and facilities. (4) Parks and recreation facilities owned or operated by a homeowner s association. (5) Accessory uses. (C) Conditional Uses (Ord. 2047, ): (1) Child care facilities which have no more than twelve (12) children present at any time on the premises or which are located upon church premises. (2) Nursing homes for the aged, invalid, ill, or mentally impaired excluding homes for patients with a primary diagnosis of mental illness. (3) Multiple family residences. (4) Bed and breakfast operations operated solely by the residents of a lot of at least seven thousand five hundred (7,500) square feet providing no more than two (2) bedrooms for rent in the dwelling unit, and the only meal provided on the premises shall be breakfast to the renters. (D) Performance Standards: (1) Single family homes must have a minimum floor area of 1,000 square feet, a minimum roof pitch of 3.5:12, a minimum roof overhang of eight inches (8"), a minimum length and width of 20 feet, wood, brick, masonry, stucco or cosmetically equivalent exterior siding, and shall be mounted on a permanent foundation. (Ord. 1831, ). (2) Duplexes must have a minimum floor area of 1000 square feet per dwelling unit, a minimum i roof pitch of f :12, a minimum i roof overhang of eight inches (8 ), a minimum length and width of 20 feet per dwelling unit, wood, brick, masonry, stucco or cosmetically equivalent exterior siding, and shall be mounted on a permanent foundation. (Ord. 2047, ) * Taken from City of Montrose Zoning Regulations Oct Page 9

10 Photographs Page 10

11 Photographs - Park Page 11

12 General Information SUBDIVISION SPECIFICS UTILITIES Total Lots 143 Water City of Montrose (970) Platted/buildable lots 40 Lines are run to platted/buildable lots Preliminary Platted* lots 103 Builder will need to pay tap fees Total Acreage acres Sewer City of Montrose (970) Platted/buildable lots acres Lines are run to platted/buildable lots Undeveloped lots acres Builder will need to pay tap fees Park 7 acres Phone Qwest (800) Park is 100% complete Electricity DMEA (970) Maintained by the City of Montrose Lines are run to platted/buildable lots Natural gas SourceGas (800) *Preliminary Plat expires 1/29/2015 Lines are run to platted/buildable lots Irrigation Water Uncompahgre Valley Water Users Association (970) shares 2012 fees = $1, Page 12

13 Final Plat for Cedar View Sub. No. 2 Planned Development Filing 1 Plat of Survey completed by: Mountain West Land Surveying, LLC (970) /7/2006 Final Plat of Filing 1 40 platted residential lots 2 out lots for further development 1 Tract (landscaping at subdivision entrance on Hillcrest Dr.) Page 13

14 Preliminary Plat for Cedar View Subd. No. 2 Planned Development Plat of Survey completed by: Mountain West Land Surveying, LLC (970) /4/2005 Filed 1/29/2010 Expires 1/29/2015 Shows Phase 2 and 3 development Page 14

15 Documents Available CEDAR VIEW SUBDIVISION CC&RS Reception # Filed 8/4/2010 GEOTECHNICAL ENGINEERING STUDY & GEOLOGICAL HAZARD STUDY Lambert & Associates April 19, 2000 (907) Page 15

16 FEMA Flood Plain Map* Subject property *Map taken from FEMA website Page 16

17 Topo Maps Black Canyon National Park Topo 3D Map Topo 2D Map Subject property Page 17

18 Highway & Road Accesses Subject property Delta (~22 miles), Grand Junction (~62 miles) Gunnison (~65 miles), Crested Butte (~92 miles) Ridgway (~26 miles), Ouray (~40 miles), Telluride (~62 miles) Page 18

19 Recap Property Total Price per Property Acreage MOL Lots* Listing Price Acre Price per lot Cedar Creek Subdivsion No $995,000 $36, $ 6, Filing 1 is platted with 40 residential lots Preliminary Plat for Planned Development An additional103 residential lots Expires 1/29/ acre park dedicated to City of Montrose Park is complete and maintained by the City of Montrose Zoned R-6 Medium Density/Manufactured Housing District in the City of Montrose Excellent location for residential or manufactured homes subdivision Property is bank owned, sold As-Is, Where-Is with no guarantee, representation, or warranty. Contact t John or Jim Renfrow at (970) Page 19