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OIN Marion County <br /> OREGON <br /> 11111 ASSESSOR50fftCE PO BOX 74500 <br /> SALEM,OR 97309 <br /> 0" <br /> ru <br /> Regarding the recent transaction involving property located at 420 CENTER ST NE o <br /> SALEM,OR 97301 <br /> Dear Seller. <br /> Marion County is required by law to value all property at real market value(ORS 308.232),defined as what it would sell for in cash terms paid by <br /> an informed buyer to an informed seller,each acting without compulsion in an arm's length transaction(ORS 308.205). The following questions N <br /> are to determine whether your recent transaction was reflective of real market value and therefore useful for our studies. Please note that we do <br /> not use the information you provide to directly revalue the property you recently sold. Instead,we will use it to develop and refine a model for D <br /> better predicting sales prices of all properties of the same type(i.e.,warehouses,apartment buildings,retail stores,as applicable)in Marion <br /> County. tr <br /> w <br /> if you have questions,please call the Marion County Assessor,Commercial Section at 503-588-5144. Thank you for your assistance. <br /> 1. Total sales price $ 3,754,000 <br /> 2 Date sales price was agreed upon* 02_ / 26 19 <br /> 3. Was an appraisal completed? [ J no [ ] yes,appraised value:$ unknown. <br /> 4. Did this transaction involve any of the following? Please check all that apply. <br /> [ ] buyer&seller related personally or professionally [ ] partial interest conveyed [ ] buyer or seller a charitable <br /> [ ] auction or distress sale [ ] buyer owns adjoining property organization <br /> 5. Did the sale price include any of the following? If"yes,"please show estimated value or indicate if value is unknown. <br /> significant repairs or other changes to the property paid by you as seller or out of escrow? .$ or[x]unknown <br /> exchange of non-cash property(e.g,1031 exchange)? $ or[x]unknown <br /> an existing business? $ no or[ j unknown <br /> personal property:furniture,equipment,machinery,etc? $ or[x]unknown <br /> 6. Were any unpaid taxes,special assessments,mortgages,commissions,tenant improvements,or other obligations assumed by the <br /> purchaser and included in the sale price listed above? <br /> 11 no [ ]yes;please state nature and amount: <br /> 7, Did you as the seller provide any financing in conjunction with this transaction? <br /> [x)no [ )yes;please describe: %down payment %interest term in months [ j balloon payment <br /> 8. Other than listed above,did any characteristic of this transaction represent atypical or non-market terms? Please describe. <br /> No,the sale was a fully brokered arm's length transaction <br /> 9. How long was the property on the market? 14 months [ [never on the market <br /> 10. Was the property listed with a real estate broker? [ ]no [4 yes;number of months: 14 <br /> Broker name: Capital Pacific LIC <br /> 11. Have any major changes been made to the property since the sale date,that you know of? <br /> [x] no [ ] yes:$ value,description: <br /> Your Name• Catherine Courteau Daytime Phone: (206) 303-2249 <br /> It may be necessary for an appraiser to call for additional details or clarification. Thank youl <br /> l 11111 fi lE IiIfI l s Internal Assessor Use Only <br /> Acct.#(s): R89157 Mit: 073W22DC05100 Prop.Class: 201 Stat.Class: S40 <br /> Initial Sales Code: 13 Doc.Type: WD Doc.#:42070350 Sale Date: 06/17/2019 <br /> C code in CAMA ©scanned to CAMA Man1111.11 MN ElinlIll 111!1111111 4i 11 I <br /> 1 <br />