232 Cimarron Floresville, Tx Market Analysis by Southtexasrealtyllc.com

MARKET ANALYSIS

COMPARATIVE

SOUTH TEXAS REALTY LLC Karen Gulick Broker SOUTH TEXAS REALTY LLC 210-531-6695 Info@southtexasrealtyllc.com

SUBJECT PROPERTY !"#$%"#& '( )*+,- ,./0) 1.02,3 224 232 Cimarron Floresville, Tx 78114 3 bed/ 3 bath Sq Ft: 2153 Masonry/Stucco

!"#$%"#& '( )*+,- ,./0) 1.02,3 224 232 Cimarron Floresville, Tx 78114 !"# $"%"

A LITTLE ABOUT SOUTH TEXAS REALTY LLC

A little about myself and South Texas Realty LLC. I have been in real estate for 16 years. The majority of my business is in the Floresville area including residential, farm & ranch and commercial. I am the owner/broker of South Texas Realty LLC. We have a team of 16 agents and 2 broker associates that span all over South Texas such as Rockport, George West and New Braunfels.

Within the industry I have won numberous production awards, such as the Platinum Top 50 in the San Antonio and Surrounding areas. I am fully committed to achieving the mutual goal of selling your property with professionalism, efﬁciency with advanced knowledge that only years in the industry can provide.

!"#$%"#& '( )*+,- ,./0) 1.02,3 224

!"#$%&&'#()* !+#,#-").+/ 0"#(% !+#,#-").+/ 1(,%")2,'3% 4)..'(- 5%2+(#*#-/ 60 1(,%")2,'3% 7*##".*)(& 1(8'3'89)* !"#.%",/ :%;&',%& !"#$%&'&()*+& ,-%.&/ 0(-12)*) !"#$% &'($$ )(#*+%",Comprehensive marketing strategy that ensures high quality, maximum exposure for each property represented. Access to 5 MLS Systems for !"#$%&$ '()*+ ,- .#/(+ 0*1#"2%+%)3 45,)+,"#* '()* ()* 6("$ 0*1#"2%+%)3 !",-#++%,)(7 4,8%(7 9#*%( 0*1#"2%+%)3 Maximum exposure: San Antonio, Houston, Corpus Christi, New Braunfels And Rockport MLS

ADDITIONAL INFORMATION

Marketing is a very important part of the process of selling you home, however the knowledge to get to closing is even more important.

A thorough knowledge of the contract will ensure the transaction will move as smoothly as possible. From negotiating the initial offer, reviewing the title commitment and navigating through the process to closing, a true understanding of the contract is vital. This process can be lled with moments where experience and knowledge will be incredibly important to you as a seller. This is where I feel the highest part of my duciary duty to you as the seller comes in. I have a vast knowledge and understanding of the intracies of the contract to protect you, mitigate any issues that can come up as we proceed through the process and achieve the highest value at the time of the sale.

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Detailed Comparable Reports

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Wilson CAD

Tax Year: 2022 Property Search > 33942 WILSON TIMOTHY JOSEPH & KELLY LYNN for Year 2022

Property Account Property ID: 33942 Legal Description: CIMARRON SUB, LOT 29 (U-1), ACRES 3.476 Geographic ID: 0632-00000-02900 Zoning: Type: Real Agent Code: Property Use Code: Property Use Description: Location Address: 232 CIMARRON DR FLORESVILLE, TX 78114 Mapsco: Neighborhood: CIMARRON Map ID: Neighborhood CD: S0632 Owner Name: WILSON TIMOTHY JOSEPH & KELLY LYNN Owner ID: 101731 Mailing Address: 232 CIMARRON DR FLORESVILLE, TX 78114-4500 % Ownership: 100.0000000000% Exemptions: HS Values (+) Improvement Homesite Value: + $296,210 (+) Improvement Non-Homesite Value: + $0 (+) Land Homesite Value: + $95,910 (+) Land Non-Homesite Value: + $0 Ag / Timber Use Value (+) Agricultural Market Valuation: + $0 $0 (+) Timber Market Valuation: + $0 $0 (=) Market Value: = $392,120 (–) Ag or Timber Use Value Reduction: $0 (=) Appraised Value: = $392,120 (–) HS Cap: $51,614 (=) Assessed Value: = $340,506 Taxing Jurisdiction Owner: WILSON TIMOTHY JOSEPH & KELLY LYNN % Ownership: 100.0000000000% Total Value: $392,120 Entity Description Tax Rate Appraised Value Taxable Value Estimated Tax CAD WILSON CAD 0.000000 $392,120 $340,506 $0.00 ESD#2 ESD 2 0.100000 $392,120 $340,506 $340.50

SARA

$296,210

$237,466

$236,960 $44,450

$236,960 $37,310

$35,450

$0 $34,630

$0 $43,030

$43,030

$0 $43,030

$0 $50,620

$0 $21,900

$18,010

$25,720

$0 $23,810

$0 $12,150

$12,150

$340,506 $1,464.75

$340,506 $325.20

$335,506 $61.60

$300,506 $3,334.18

$340,506 $17.16

$51,614 $340,506

$23,825 $309,551

$281,410

$274,270

$0 $35,450

34,630 $0 $34,630

$0 $43,030

50,620 $0 $50,620

$0 $50,620

$0 $21,900

$0 $18,010

$0 $25,720

$0 $23,810

$0 $12,150

$12,150

Wilson County 0.430170 $392,120

Wilson Co Hosp 0.095505 $392,120

SAN ANTONIO RIVER AUTHORITY 0.018360 $392,120

SF Floresville ISD 1.109523 $392,120

WEU EVERGREEN UWC DIST 0.005040 $392,120

Total Tax Rate: 1.758598 Taxes w/Current Exemptions: $5,543.39 Taxes w/o Exemptions: $6,895.81 Improvement / Building Improvement #1: RESIDENTIAL State Code: A1 Living Area: 2153.0 sqft Value: $296,210 Type Description Class CD Exterior Wall Year Built SQFT MA MAIN AREA RV9 0 2153.0 OP COVERED PORCH OR PATIO 9 0 40.0 AG ATTACHED GARAGE 9 0 512.0 OP COVERED PORCH OR PATIO 9 0 221.0 STG WOOD STORAGE BLDG 2 0 192.0 Land # Type Description Acres Sqft Eff Front Eff Depth Market Value Prod. Value 1 99A CIMARRON SUB 3.4760 130680.00 0.00 0.00 $95,910 $0 Roll Value History Year Improvements Land Market Ag Valuation Appraised HS Cap Assessed 2023 N/A N/A N/A N/A N/A N/A 2022

$95,910 0 392,120

2021

$95,910 0 333,376

2020

0 281,410 $0

2019

0 274,270 $0

2018 $0

0 35,450

2017

2016

0 43,030

2015

0 43,030

2014 $0

0 43,030

2013

0 43,030

2012

0 43,030

2011

0 43,030

2010

2009

0 50,620

2008

0 21,900

2007

0 21,900

2006 $0

0 18,010

2005 $0

0 18,010

2004 $0

0 25,720

2003

0 23,810

2002

0 12,150

2001 $0

0 12,150

2000 $0

0 12,150 $0

JAMES EUGENE

EDGAR & CHRISTINE SUSTAITA

WILSON TIMOTHY JOSEPH & KELLY LYNN

1832

LOWAK ALLEN J 1758 799

LOWAK JAMES EUGENE

1758 795

1999 $0 $12,150 0 12,150 $0 $12,150 Deed History - (Last 3 Deed Transactions) # Deed Date Type Description Grantor Grantee Volume Page Deed Number 1 1/26/2015 WD/VL WARRANTY DEED/VENDERS LEIN LOWAK ALLEN J

451 41923 2 10/30/2013 WD WARRANTY DEED LOWAK

3 10/30/2013 LOF LIEU OF FORECLOSURE NAVARRO

Questions Please Call (830) 393-3065 Website version: 1.2.2.33 Database last updated on: 10/27/2022 6:43 PM © N. Harris Computer Corporation

1618899

2800

Clarence Dr

Abrego Run

Abrego Lake

1639444

2800

2800 77 Oak Fields Dr $468,000

1612892 SLD 2800 153 Fairway Dr $480,000

1635455

2800 206 Shamrock Dr $459,900

1635461 ACT 2800 728 Killarney Rd $460,000

1611130 SLD 2800 769 Killarney Rd $513,000

12 1615827 SLD 2800 134 Whispering Oaks Dr $439,000

2100

2502

2119

2224

2 2368

ABREGO LAKE Floresville Isd SFD

ABREGO LAKE SUB Floresville Isd SFD

CIMARRON SUB Floresville Isd SFD

EAGLE CREEK RANCH Floresville Isd SFD

18 OAK FIELDS ESTATES Floresville Isd SFD

16 RIVER BEND Floresville Isd SFD

16 SHANNON RIDGE Floresville Isd SFD

15 18 SHANNON RIDGE Floresville Isd SFD

20 SHANNON RIDGE Floresville Isd SFD

3 3036 8.16 18

WHISPERING OAKS Floresville Isd SFD

13 1589225 SLD 2800 731 Falling Leaves Dr $505,000 82 4 2 3321 2 14 21 WHISPERING OAKS Floresville Isd SFD

14 1639438 AO 2800 918 Vista Verde $575,000 37 4 3 2092 5 18 WHISPERING OAKS Floresville Isd SFD

15 1635462 ACT 2800 624 Sunshine Meadow $595,000 56 4 2 2571 5 18

WHISPERING OAKS Floresville Isd SFD

16 1595140 SLD 2800 557 Flower Trail Loop $540,000 10 4 3 2504 5 20 CIMARRON SUB Floresville Isd SFD

17 1614505 ACT 2800 232 Cimarron Dr $569,000 136 3 2 2153 3.476 10 CIMARRON SUB Floresville Isd SFD

18 1618192 SLD 2800 573 Flower Trail Loop $599,000 49 3 3 3400 5 28 CIMARRON SUB Floresville Isd SFD

19 1604590 SLD 2800 104 Telegraph Dr $650,000 43 3 2 2729 2.44 23 CIMARRON SUB Floresville Isd SFD

MLS# Status Area Str # Street Name LP/SP DOM BR FB #Gar SqFt Lot Size Fam Rm Wid Lv Rm Len Subdivision(Legal) Schl Dist Type 1 1591230 SLD

128

$480,000 57 4 3 2230 1.33 20

SLD

124

Dr $449,000 9 4 2 2046 1.41 16

3 1609202 SLD

131 Clarence Dr $500,000 47 4 2 2255 1.05 21

4 1609445 SLD

221

Dr $500,000 47 3 2 2361 2.69 18 12

5 1624461 SLD

532 Flower Trail Loop $515,000 19 3 2 2187 2.99 29

PND

562 Cherry Ridge $465,000 18 3 2 2253 5.05 16

7 1604482 SLD

11 3 2

39 4 3

0.22

ACT

57 4 2

45 4 2

45 3

18 5

All measurements, taxes, age, financial & school data are approximate and provided by other sources. Buyer should independently verify same before relying thereon.***Copyright 2022 by SAN ANTONIO BOARD OF REALTORS*** Prepared By: Karen Gulick | South Texas Realty, LLC | 10/28/2022 08:51 AM

MLS#: 1591230 Class: RE

Type: SFD Area: 2800

Address: 128 Clarence Dr Status: Sold

Price: $479,000

YearBuilt: 2022 RecentRehab:

BR: 4 FB: 3 HB: 0 DOM: 57

Sch: Floresville Isd SoldPrice: $480,000 SoldPrice/SQFT: $215.24 SqFt: 2230

Subdivision(LegalName): ABREGO LAKE

Remarks: Under Construction in the newer Unit 9 of Abrego Lake Subd on a 1.33 ACRE Lot w/Trees on a Cul-De-Sac Rd & No Immediate backyard neighbors *No City taxes & Low 1.8% Tax rate* Yearly Hoa dues are only $325 for Access to the Subd Lake,Playground,Walking trails & Fishing pier (Google Abrego Lake Subd for more Subd details) 4-Side Rock/Stucco exterior Hm w/SPRAY FOAM INSULATION.. Very Open & Bright Floorplan w/Lots of Low E Vinyl Tilt Out Windows,4 or 5 BD/Study,3-Full Bathrooms (13x12 Study/5th Bd has a C... (texttruncatedforprint)

MLS#: 1618899 Class: RE Type: SFD Area: 2800

Address: 124 Abrego Run Dr

Status: Sold Price: $449,000

YearBuilt: 2014 RecentRehab: No BR: 4 FB: 2 HB: 1 DOM: 9

Sch: Floresville Isd SoldPrice: $449,000 SoldPrice/SQFT: $219.45 SqFt: 2046 Subdivision(LegalName): ABREGO LAKE SUB

Remarks: A MUST SEE! IN HIGHLY DESIRED ABREGO LAKE SUB--THIS STYLISH HOME SPORTS ALDER RAISED PANEL CABINETS WITH CROWN MOLDING--PENDENT LIGHTS--GRANITE OVERSIZED ISLAND KITCHEN--BUSINESS CENTER--STAINLESS APPLIANCES--BUILT IN OVENS & MICROWAVE--TILED FLOOR GIVES WOOD FLOOR APPEARANCE--BEAUTIFUL INLAID TILE BACKSPLASH--TILED SHOWER--MUD ROOM-CUSTOM BLINDS--HIGH CEILINGS--JUST UNDER 600 SQFT 2 CAR GARAGE--LARGE WALK-IN PANTRY EQUIPPED FOR REFRIGERATOR--HUGE LOT--JOGGING TRAILS, PLAY AREA, FISHING DOCK ON LAKE!

2255

Remarks: Under Construction,Est Comp End of June in Abrego Lake Subd off Hwy 181 in the Newer Unit 9,No City taxes,Low 2% tax rate & Hoa dues are Only $325 for Usage of the Subd Park & other amenities (Google abregolakesubd floresville 78114 for more details) Another Very Well Blt Hm by Local "Raquel Home Builders" that have Blt over 55 Homes in this Sought after Subd..Nearly 2300sf Ranch Style Rock/Stucco Hm w/Lots of Extras' & Very Open & Bright Floorplan on a 1.05 Acres w/LOTS OF TREES,No Immediate Backyard N... (texttruncatedforprint)

MLS#: 1609445 Class: RE Type: SFD Area: 2800

Address: 221 Abrego Lake Dr Status: Sold Price: $550,000 YearBuilt: 2014 RecentRehab: BR: 3 FB: 2 HB: 1 DOM: 47

Sch: Floresville Isd SoldPrice: $500,000 SoldPrice/SQFT: $211.77 SqFt: 2361

Subdivision(LegalName): ABREGO LAKE SUB

Remarks: Nestled on over 2.5 acres in the well-established Floresville neighborhood of Abrego Lake, awaits this stunning 3 bedroom/ 2.5 bath property with tons of features every buyer is sure to enjoy! Walking in, you are welcomed by the spacious, open floor-plan boasting tons of natural lights, and is highlighted by beautiful custom woodwork throughout. The home features a large family room, separate office, separate flex space, separate dining room, and a gourmet kitchen complete with built-in appliances, larg... (texttruncatedforprint)

Prepared By: Karen Gulick | South Texas Realty, LLC | 10/28/2022 08:51 AM

MLS#: 1609202 Class: RE Type: SFD Area: 2800 Address: 131 Clarence Dr Status: Sold Price: $525,000 YearBuilt: 2022 RecentRehab: BR: 4 FB: 2 HB: 1 DOM:

Sch: Floresville Isd SoldPrice: $500,000 SoldPrice/SQFT: $221.72 SqFt:

Subdivision(LegalName): ABREGO LAKE SUB

MLS#: 1624461 Class: RE Type: SFD Area: 2800

Address: 532 Flower Trail Loop Status: Sold Price: $525,000

YearBuilt: 1997 RecentRehab:

BR: 3 FB: 2 HB: 0 DOM: 19

Sch: Floresville Isd SoldPrice: $515,000 SoldPrice/SQFT: $235.48 SqFt: 2187

Subdivision(LegalName): CIMARRON SUB

Remarks: Come home to country living at its finest! This gorgeous three bedroom, two bath home in Floresville has lots of great features - from the wood floors welcoming you into the living room with custom ceiling treatment and a stone fireplace to the fully updated and spacious kitchen with tons of storage and counter space, stainless steel appliances, and a cathedral ceiling. The Master bedroom has lots of room, and the master bath features a stall shower and a corner tub. You'll find all the rooms have ex... (texttruncatedforprint)

MLS#: 1639444 Class: RE Type: SFD Area: 2800

Some photos may be virtually staged

Address: 562 Cherry Ridge

Status: Pending Price: $465,000

YearBuilt: 1992 RecentRehab: Yes

BR: 3 FB: 2 HB: 1 DOM: 18 Sch: Floresville Isd SoldPrice: SoldPrice/SQFT: SqFt: 2253 Subdivision(LegalName): EAGLE CREEK RANCH

Remarks: Hill Country tranquility melds with city conveniences in Eagle Creek Ranch, just minutes from Floresville, and only a short commute to San Antonio. As you enter this single-story all brick home, your eyes dance from the Saltillo tile flooring to the vaulted ceilings. A wall of windows and dual French doors fill the living room with natural light and lead out of the home to the entertaining space out back, adorned with cobblestone pavers. This Ranch-style home boasts three spacious bedrooms and two ful... (texttruncatedforprint)

MLS#: 1604482 Class: RE Type: SFD Area: 2800

Address: 77 Oak Fields Dr Status: Sold Price: $455,000

YearBuilt: 2011 RecentRehab:

BR: 3 FB: 2 HB: 0 DOM: 11

Sch: Floresville Isd SoldPrice: $468,000 SoldPrice/SQFT: $222.85 SqFt: 2100

Subdivision(LegalName): OAK FIELDS ESTATES

Remarks: Nearly 2100sf 3/2/2 with lots of upgrades on a landscaped 1 acre lot. Detached garage approx. 1000sf metal bldg/carport combo. 300sf storage bldg, 480sf finished out side entry garage. wrought iron & privacy fencing w/no immediate backyard neighbors. 22x18 covered patio. Open floorplan, custom window coverings, arched openings, granite tops, ceramic & wood laminate flooring, deco ceilings w/crown molding, art niches, breakfast nook & formal dining/study.

MLS#: 1612892 Class: RE Type: SFD Area: 2800

Address: 153 Fairway Dr Status: Sold Price: $478,000 YearBuilt: 2017 RecentRehab: BR: 4 FB: 3 HB: 0 DOM: 39 Sch: Floresville Isd SoldPrice: $480,000 SoldPrice/SQFT: $191.84 SqFt: 2502

Subdivision(LegalName): RIVER BEND

Remarks: Stunning custom build on the 9th Hole on River Bend Golf Course. 2502 sq ft of custom beautiful finishout. Open living area complete with rock fireplace and large island kitchen with enough seating for 4. The living area and breakfast room back wall are lined with windows for natural light and views of the golf course. The breakfast room is extra large for a table for 8 or 10. The kitchen is complete with under cabinet lighting, custom cabinets, can lights and beautifully designed lines and colors. ... (texttruncatedforprint)

Prepared By: Karen Gulick | South Texas Realty, LLC | 10/28/2022 08:51 AM

MLS#: 1635455 Class: RE Type: SFD Area: 2800

Address: 206 Shamrock Dr Status: Active Price: $459,900

YearBuilt: 2011 RecentRehab:

BR: 4 FB: 2 HB: 1 DOM: 57

Sch: Floresville Isd SoldPrice: SoldPrice/SQFT: SqFt: 2119

Subdivision(LegalName): SHANNON RIDGE

Remarks: Custom single story home on 5 acres in the Shannon Ridge subdivision. Minutes from Floresville, this home offers a country setting but is within a short drive to the conveniences of the city. Gorgeous stone and stucco exterior with a fantastic open concept floor plan that boasts high ceilings and provides wonderful natural light. A beautiful floor to ceiling stone fireplace is the focal point point of the living room. The kitchen features granite countertops, tile backsplash, stainless appliances, and a... (texttruncatedforprint)

MLS#: 1635461 Class: RE Type: SFD Area: 2800

Address: 728 Killarney Rd

Status: Active Price: $460,000

YearBuilt: 1999 RecentRehab: No

BR: 4 FB: 2 HB: 0 DOM: 45

Sch: Floresville Isd SoldPrice: SoldPrice/SQFT: SqFt: 2224

Subdivision(LegalName): SHANNON RIDGE

Remarks: Yea All brick, beauty on 2 ac in Shannon Ridge, lot is fully fenced, tons of trees scattered throughout set behind the electronic gate w/keypad (2019). Items to note: Roof (2019), AC evaporator (2017), Outdoor AC unit (2022), Water Heater (2020), Water softener (2019)! Arched entry to TWO living and dining areas. Open and bright updated kitchen with SS appliances and stylish backsplash. Split floorplan offers ample space in all bedrooms, including walk in closets. Separate Master from secondary rooms b... (texttruncatedforprint)

MLS#: 1611130 Class: RE

Type: SFD Area: 2800

Address: 769 Killarney Rd Status: Sold Price: $524,999

YearBuilt: 2018 RecentRehab:

BR: 3 FB: 2 HB: 1 DOM: 45

Sch: Floresville Isd SoldPrice: $513,000 SoldPrice/SQFT: $216.63 SqFt: 2368

Subdivision(LegalName): SHANNON RIDGE

Remarks: Beautiful & stunning Texas Country home, located in the sought after neighborhood of Shannon Ridge. This home includes No city taxes or HOA dues, Very Open Floorplan w/Raised Deco Ceiling, 2 Large Islands, Granite Countertops throughout!! Master Bath with Double Vanities, Jetted Island tub & Walk Thru 10x6 Shower with 3 heads. NO CARPET & Double sinks with separate toilet and shower in guest bath!! Large Oak trees stud the yard providing lots of shade. Stone seating area with stone tables & decorative l... (texttruncatedforprint)

MLS#: 1615827 Class: RE Type: SFD Area: 2800

134 Whispering Oaks Dr Status: Sold Price: $449,900

Built: 1999 RecentRehab:

5 FB: 3 HB: 0 DOM: 18

Floresville Isd SoldPrice: $439,000 SoldPrice/SQFT: $144.59 SqFt: 3036

(LegalName): WHISPERING OAKS

Remarks: Spacious family home on 8.16 acres! Lots of recent interior updates. Downstairs master has a new large closet and bath. Second huge bedroom downstairs with it's own huge closet. New granite and backsplash in kitchen. New interior paint. Lots of trees surround the home. Stucco and stone surround the home. Huge front and rear patios. Lots of space to play in. Horses allowed - 1 per acre so bring the herd! Just 5 minutes to Calaveras Lake and about 30 minutes to SA. This home is priced to sell so don't mis... (texttruncatedforprint)

Prepared By: Karen Gulick | South Texas Realty, LLC | 10/28/2022 08:51 AM

Address:

Year

BR:

Sch:

Subdivision

MLS#: 1589225 Class: RE

Address: 731 Falling Leaves Dr

Price: $510,000

Type: SFD Area: 2800

Status: Sold

YearBuilt: 1997 RecentRehab:

BR: 4 FB: 2 HB: 1 DOM: 82

Sch: Floresville Isd SoldPrice: $505,000 SoldPrice/SQFT: $152.06 SqFt: 3321

Subdivision(LegalName): WHISPERING OAKS

Remarks: On 2 Acres filled with gorgeous, mature trees sits a beautiful 2-story home with 4 bedrooms, 2 1/2 baths, clean lines and neutral colors. An inviting covered, front porch greets you after driving up the paved circular drive. Inside, you first enter into the formal living room and then the formal dining room. The custom kitchen was recently updated May 2021 with granite countertops, stainless steel sink, garbage disposal and touch-less faucet. Eat at the island or the breakfast room with a lovely view of... (texttruncatedforprint)

MLS#: 1639438 Class: RE Type: SFD Area: 2800

Address: 918 Vista Verde

Price: $575,000

Status: Active Option

YearBuilt: 2017 RecentRehab:

BR: 4 FB: 3 HB: 0 DOM: 37

Sch: Floresville Isd SoldPrice: SoldPrice/SQFT: SqFt: 2092

Subdivision(LegalName): WHISPERING OAKS

Remarks: ***OPEN HOUSE, SUNDAY, OCT. 2ND FROM 1-3 PM*** Beautiful Modern Home Sits on 5 Fenced Acres which includes a Mother-in-law house, separate from main home. Main homes features 4 bedrooms, 3 full baths, tile through out the home, plenty of natural light. Walk in pantry, granite in kitchen and all baths, covered patio, huge storage shed. Recess lights in Kitchen, Living Room, Outdoor Patio & Halls, Pendent lights in Kitchen, 46" Kitchen Cabinets with Crown Molding, Double Pane Windows with Low E Insula... (texttruncatedforprint)

MLS#: 1635462 Class: RE

Type: SFD Area: 2800

Status: Active Price: $595,000

Address: 624 Sunshine Meadow

YearBuilt: 1997 RecentRehab: No

BR: 4 FB: 2 HB: 1 DOM: 56

Sch: Floresville Isd SoldPrice: SoldPrice/SQFT: SqFt: 2571

Subdivision(LegalName): WHISPERING OAKS

Remarks: Sellers are Motivated! Offering $5,000 towards Buyer's Closing Costs with an amicable offer! You'll fall in love with this beautiful custom home nestled on 5 sprawling acres in Whispering Oaks located just minutes from Floresville and San Antonio. This spacious single story offers many great interior features including; open floor plan with island kitchen, breakfast area, stone accents, high ceilings, tall stone fireplace in living room, large master bedroom with his & hers walk-in closets and central ... (texttruncatedforprint)

MLS#: 1595140 Class: RE Type: SFD Area: 2800

Address: 557 Flower Trail Loop Status: Sold Price: $525,000 YearBuilt: 2000 RecentRehab: BR: 4 FB: 3 HB: 0 DOM: 10

Sch: Floresville Isd SoldPrice: $540,000 SoldPrice/SQFT: $215.65 SqFt: 2504 Subdivision(LegalName): CIMARRON SUB

Remarks: Enjoy country living in this beautiful home on 5 acres in a quiet neighborhood! This move-in ready home comes complete with a large kitchen with granite countertops, island stove top with grill, and 2 pantries. Kitchen is open to the dining and living room. Don't miss the bonus room above the garage, past the laundry/mudroom. The property has privacy and an electric gate opening to the winding driveway. Beautiful acreage extends up to the 2nd fence. In addition to the garage, there is a 2-car carport an... (texttruncatedforprint)

Prepared By: Karen Gulick | South Texas Realty, LLC | 10/28/2022 08:51 AM

MLS#: 1614505 Class: RE Type: SFD Area: 2800

Address: 232 Cimarron Dr Status: Active Price: $569,000

YearBuilt: 2017 RecentRehab:

BR: 3 FB: 2 HB: 1 DOM: 136

Sch: Floresville Isd SoldPrice: SoldPrice/SQFT: SqFt: 2153

Subdivision(LegalName): CIMARRON SUB

Remarks: You don't want to miss out on this Gorgeous Custom Built Home with 3 bedrooms, 2.5 baths sitting on 3.476 acres surrounded by beautiful mature trees. The open floor plan, high ceilings and rock fireplace makes it warm and inviting. The kitchen has a huge island with granite counter tops, custom cabinets, stainless steel appliances and a walk-in pantry. Found the perfect place for relaxing and entertaining family/friends, gathering on the covered patio surrounded by a fully fenced in backyard with a bea... (texttruncatedforprint)

MLS#: 1618192 Class: RE Type: SFD Area: 2800

Address: 573 Flower Trail Loop Status: Sold Price: $599,000

YearBuilt: 2000 RecentRehab: BR: 3 FB: 3 HB: 1 DOM: 49 Sch: Floresville Isd SoldPrice: $599,000 SoldPrice/SQFT: $176.17 SqFt: 3400 Subdivision(LegalName): CIMARRON SUB

Some photos may be virtually staged

Remarks: Wow! Where do you even begin on this Beautiful, Peaceful, 5 acre Hill Country home. This gated fenced in home is just breathtaking as soon as you enter the property. Once you enter the home you have Grand in all directions, Custom Kitchen, Granite Counters, it over looks the living area with beautiful fireplace. Master is down stairs, other bedrooms upstairs. Wait till you see the awesome game room its at the other end of the home away from the master. Did I mention it also has a 20X55 detached bl... (texttruncatedforprint)

MLS#: 1604590 Class: RE Type: SFD Area: 2800

Address: 104 Telegraph Dr Status: Sold Price: $650,000

YearBuilt: 2018 RecentRehab:

BR: 3 FB: 2 HB: 0 DOM: 43

Sch: Floresville Isd SoldPrice: $650,000 SoldPrice/SQFT: $238.18 SqFt: 2729 Subdivision(LegalName): CIMARRON SUB

Remarks: What a great property with something for everyone. Amazing single story on apx 2.4 acres. Large gourmet kitchen with custom walnut cabinets, granite counters, and travertine backsplash. Porcelain tile floors through out, no carpet, LED lighting. Massive covered patio overlooking inviting sparkling pool. Plenty of parking for all with 3-bay carport, and not just one, but two 30x30 climate controlled workshops. Oh, and almost forgot to mention...solar power keeping energy bills to an absolute minimum.

Prepared By: Karen Gulick | South Texas Realty, LLC | 10/28/2022 08:51 AM

MLS # 1591230 1618899 1609202 1609445 Status Sold Sold Sold Sold Address 128 Clarence Dr 124 Abrego Run Dr 131 Clarence Dr 221 Abrego Lake Dr Area 2800 2800 2800 2800 Bedrooms 4 4 4 3 Full Baths 3 2 2 2 Half Baths 0 1 1 1 PRICE $480,000 $449,000 $500,000 $500,000 Days On Market 57 9 47 47 MLS # 1624461 1639444 1604482 1612892 Status Sold Pending Sold Sold Address 532 Flower Trail Loop 562 Cherry Ridge 77 Oak Fields Dr 153 Fairway Dr Area 2800 2800 2800 2800 Bedrooms 3 3 3 4 Full Baths 2 2 2 3 Half Baths 0 1 0 0 PRICE $515,000 $465,000 $468,000 $480,000 Days On Market 19 18 11 39 All measurements, taxes, age, financial & school data are approximate and provided by other sources. Buyer should independently verify same before relying thereon.***Copyright 2022 by SAN ANTONIO BOARD OF REALTORS*** Prepared By: Karen Gulick | South Texas Realty, LLC | 10/28/2022 08:51 AM

MLS # 1635455 1635461 1611130 1615827 Status Active Active Sold Sold Address 206 Shamrock Dr 728 Killarney Rd 769 Killarney Rd 134 Whispering Oaks Dr Area 2800 2800 2800 2800 Bedrooms 4 4 3 5 Full Baths 2 2 2 3 Half Baths 1 0 1 0 PRICE $459,900 $460,000 $513,000 $439,000 Days On Market 57 45 45 18 MLS # 1589225 1639438 1635462 1595140 Status Sold Active Option Active Sold Address 731 Falling Leaves Dr 918 Vista Verde 624 Sunshine Meadow 557 Flower Trail Loop Area 2800 2800 2800 2800 Bedrooms 4 4 4 4 Full Baths 2 3 2 3 Half Baths 1 0 1 0 PRICE $505,000 $575,000 $595,000 $540,000 Days On Market 82 37 56 10 All measurements, taxes, age, financial & school data are approximate and provided by other sources. Buyer should independently verify same before relying thereon.***Copyright 2022 by SAN ANTONIO BOARD OF REALTORS*** Prepared By: Karen Gulick | South Texas Realty, LLC | 10/28/2022 08:51 AM

MLS # 1614505 1618192 1604590 Status Active Sold Sold Address 232 Cimarron Dr 573 Flower Trail Loop 104 Telegraph Dr Area 2800 2800 2800 Bedrooms 3 3 3 Full Baths 2 3 2 Half Baths 1 1 0 PRICE $569,000 $599,000 $650,000 Days On Market 136 49 43

CMASummaryReport ResidentialSingle Active-ResidentialSingle # MLS # Street # Dir Str Name Status SqFt CDOM DOM LP $/SqFt 1 1635455 206 Shamrock Dr Active 2119 57 57 $459,900 $217.03 2 1635461 728 Killarney Rd Active 2224 45 45 $460,000 $206.83 3 1639438 918 Vista Verde Active Option 2092 37 37 $575,000 $274.85 4 1635462 624 Sunshine Meadow Active 2571 56 56 $595,000 $231.42 5 1614505 232 Cimarron Dr Active 2153 136 136 $569,000 $264.28 5Active-ResidentialSingleStatistics High Low Average Median ListPrice $595,000 $459,900 $531,780 $569,000 SquareFeet 2571 2092 2232 2153 Price/SquareFoot $274.85 $206.83 $238.27 $231.42 CumulativeDaysOnMarket 136 37 66 56 DaysOnMarket 136 37 66 56 Pending-ResidentialSingle # MLS # Street # Dir Str Name Status SqFt CDOM DOM LP $/SqFt 1 1639444 562 Cherry Ridge Pending 2253 18 18 $465,000 $206.39 1Pending-ResidentialSingleStatistics High Low Average Median ListPrice $465,000 $465,000 $465,000 $465,000 SquareFeet 2253 2253 2253 2253 Price/SquareFoot $206.39 $206.39 $206.39 $206.39 CumulativeDaysOnMarket 18 18 18 18 DaysOnMarket 18 18 18 18 Sold-ResidentialSingle # MLS # Address Status SqFt CDOM DOM LP $/SqFt SP $/SqFt Sld Sell Conc LP:SP OLP:SP Close Date 1 1591230 128 Clarence Dr Sold 2230 57 57 $479,000 $214.79 $480,000 $215.24 100.21% 100.21% 05/11/2022 2 1618899 124 Abrego Run Dr Sold 2046 9 9 $449,000 $219.45 $449,000 $219.45 100.0% 100.0% 08/08/2022 3 1609202 131 Clarence Dr Sold 2255 47 47 $525,000 $232.81 $500,000 $221.72 95.24% 95.24% 07/13/2022 4 1609445 221 Abrego Lake Dr Sold 2361 47 47 $550,000 $232.95 $500,000 $211.77 $3000 90.91% 90.91% 08/08/2022 5 1624461 532 Flower Trail Loop Sold 2187 19 19 $525,000 $240.05 $515,000 $235.48 98.1% 98.1% 08/23/2022 6 1604482 77 Oak Fields Dr Sold 2100 11 11 $455,000 $216.66 $468,000 $222.85 $750.00 102.86% 102.86% 06/30/2022 7 1612892 153 Fairway Dr Sold 2502 39 39 $478,000 $191.04 $480,000 $191.84 100.42% 100.42% 07/06/2022 8 1611130 769 Killarney Rd Sold 2368 45 45 $524,999 $221.70 $513,000 $216.63 97.71% 97.71% 07/20/2022 9 1615827 134 Whispering Oaks Dr Sold 3036 18 18 $449,900 $148.18 $439,000 $144.59 $1000 97.58% 97.58% 08/31/2022 10 1589225 731 Falling Leaves Dr Sold 3321 82 82 $510,000 $153.56 $505,000 $152.06 99.02% 98.06% 05/13/2022 11 1595140 557 Flower Trail Loop Sold 2504 10 10 $525,000 $209.66 $540,000 $215.65 $350 102.86% 102.86% 04/28/2022 12 1618192 573 Flower Trail Loop Sold 3400 49 49 $599,000 $176.17 $599,000 $176.17 $12800 100.0% 95.08% 10/21/2022 13 1604590 104 Telegraph Dr Sold 2729 43 43 $650,000 $238.18 $650,000 $238.18 $750.00 100.0% 100.0% 06/23/2022 13Sold-ResidentialSingleStatistics High Low Average Median ListPrice $650,000 $449,000 $516,915 $524,999 SoldPrice $650,000 $439,000 $510,615 $500,000 SquareFeet 3400 2046 2541 2368 Price/SquareFoot $238.18 $144.59 $200.91 $215.65 CumulativeDaysOnMarket 82 9 37 43 DaysOnMarket 82 9 37 43 LP:SPRatio 102.86% 90.91% 98.84% 100.0%

OLP:SPRatio 102.86% 90.91% 98.39% 98.1% Seller'sConcessions $12,800 $350 $3,108.33 $875 19AllStatus-ResidentialSingleSummaryStatistics High Low Average Median ListPrice $650,000 $449,000 $518,095 $524,999 SoldPrice $650,000 $439,000 $510,615 $500,000 SquareFeet 3400 2046 2445 2255 Price/SquareFoot $274.85 $148.18 $211.92 $217.03 CumulativeDaysOnMarket 136 9 43 45 DaysOnMarket 136 9 43 45 THISISABROKERPRICEOPINIONORCOMPARATIVEMARKETANALYSISANDSHOULDNOTBECONSIDEREDANAPPRAISAL.Inmakingany decisionthatreliesuponmywork,youshouldknowthatIhavenotfollowedtheguidelinesfordevelopmentofanappraisaloranalysiscontained intheUniformStandardsofProfessionalAppraisalPracticeoftheAppraisalFoundation.Allmeasurements,taxes,age,financial&schooldata areapproximateandprovidedbyothersources.Buyershouldindependentlyverifysamebeforerelyingthereon.***Copyright2022bySAN ANTONIOBOARDOFREALTORS***

PreparedBy:KarenGulick|SouthTexasRealty,LLC

10/28/2022

08:51AM

Addr: 232 Cimarron Dr

Class: RE

MLS#: 1614505

2800 Grid: ListPrice: $569,000

From Hwy 181, turn on Cimarron Drive

CIMARRON (Common) / CIMARRON SUB(Legal)

Floresville Zip: 78114-4500 Type: SFD

Wilson CAN#: 06320000002900 AdSf: 2153

Block: 0 Lot: 29

CIMARRON SUB, LOT 29 (U-1), ACRES 3.476 CurrentlyLeased: No

LotDimensions: LeaseExpiration:

BR: 3 YearBuilt: 2017

Floresville FBaths: 2 HBaths: 1

Builder: KC Custom Homes RecentRehab:

Constr: Pre-Owned

UtilitySuppliers Gas: Electric: FELPS Garbage: MD Dispo Water: Oak Hills Sewer: Septic Other:

Level Key: 1-Main Level, 2-2nd Level, 3-3rd Level, W-Walkout Basement, B-Basement, U-Unknown

CIMARRON (Common) / CIMARRON SUB(Legal)

TitleCo.: Murray Guaranty Title

Assessments Mand/MultHOA: None/N HOAName: HOAFee/Freq/TransFee: / / NeighborhoodAmenities: None

SC/$: 0% BC/$: 3% OwnerLREA/LREB: No ListAgent: Cynthia Strunk 645640 (210) 826-5300

Owner: WILSON TIMOTHY JOSEPH

Occupancy: Owner ListOffice: BHGRE Homecity HASH00 (210) 826-5300

Possession: Closing/Funding PhtoShow: 210-222-2227 LockboxType: Combo ShowingContact: ShowingTime Bonus:

AgentRmrks: Please provide pre-approval/proof of funds and 1% EM with all offers to CynthiaAstrunk@gmail.com. Verify all measurements and schools. Schedule all showings through ShowingTime. Thank you for showing! Storage shed and chain link dog kennel do not convey.

Style: One Story

Parking: Ext: 4 Sides Masonry, Stone/Rock

Fndtn: Slab

MstBR: Walk-In Closet, Full Bath

MstBth:

ANTONIO

Karen Gulick | South Texas Realty, LLC | 10/27/2022 07:52

BOARD OF REALTORS*** Prepared By:

PM AgentReport

Status: Active

Area:

Int.St./Dir:

Subdivision:

City:

County:

Legal:

LotSize: 3.476

Sch: Floresville Isd

Elem:

Middle: Floresville

High: Floresville

Level LivingRoom 10X19 1 DiningRoom 10X12 1 FamilyRoom Kitchen 13X16 1 Breakfast Utility EntryRoom Study/Office Level MasterBedroom 15X16 1 MasterBedroom2 MasterBath 14X15 1 Bedroom2 11X12 1 Bedroom3 11X14 1 Bedroom4 Bedroom5

TaxedbyMltplCounties: No TotalTax(W/OExemptions): $6,325.89 TaxYear: 2021 Financials PrTerms: Conventional, FHA, VA, Cash LoanInfo:

Subdivision:

Preferred

GarageParking: Two Car Garage Additional/Other

Roof: Composition

Wdw: All Remain

Tub/Shower Separate, Double Vanity Interior: One Living Area, Liv/Din Combo, Island Kitchen, Walk-In Pantry, High Ceilings, Open Floor Plan, Laundry Room, Walk in Closets Inclusions: Ceiling Fans, Washer Connection, Dryer Connection, Cook Top, Built-In Oven, Microwave Oven, Disposal, Dishwasher, Electric Water Heater, Garage Door Opener, Smooth Cooktop, Solid Counter Tops, Custom Cabinets ExteriorFea: Covered Patio, Mature Trees, Wire Fence Wat/Swr: Water System, Septic, City Floor: Ceramic Tile Frpl: One, Living Room, Wood Burning Heating: Central HtFuel: Electric AirCond: One Central Pool/SPA: None Misc: LotDes: LotImpv: Accessible/Adaptive: No Green: Features - none / Certification - none / Energy Efficiency - none ContingentInfo: DOM/CDOM: 135/ 135 SoldPrice: ContractDate: SaleTrms: SellPoints: SQFT/Acre: ClosingDate: SellConcess: - PriceperSQFT: $264.28 SellOfc: SellingAgent: SourceSQFTAcre:

Summary :

The included comparable sales are a preliminary search for data within the current market. Once we have met, I’ll go back to the data and and the suggested price range for further discussion.

Once the agreed upon listing price is agreed upon, the nal documents will be sent for signatures. Photography appointments for drone, HDR (high dynamic range) and the 3-D walk through will be scheduled. Once the photo results are received the property can go live that day. Flyers, packets to leave at the house and marketing material will be created and dispersed through email blasts, calls and postcards. Each scheduled appointment will be sent for approval. Once the offers are received, they will be promptly sent with another estimated proceeds for your review to prepare a response.

SOUTH TEXAS REALTY LLC supplies first class and comprehensive market strategy that ensures high quality, maximum exposure for each property represented. The following are the tools to achieve the above: - 5 MLS (Multi Listing Service) systems for maximum exposure: San Antonio, Houston, Corpus Christi, New Braunfels and Rockport MLS - Professional Photography - Drone Photography - Interactive Mapping Technology - 3-D Interactive Floorplans - Individual Property Websites - Premium Lands of Texas Advertising - Sponsored Land And Farm Advertising - Professional Social Media Advertising - Comprehensive Market Analysis

on the comparable sales, the property would potentially sell between 252 256/sq ft.

will continue to ﬁnd out what the Vista Verde home is under contract for. The Vista Verde home has a larger land tract along with a mother in law suite, so the appraiser most likely will value it slightly higher. If we ﬁnd out that the home went under contract for a low price, this will affect you as well. The contract amount will be most critical to the appraisal we will be subjected to when under contract.

Conclusion: Summary: Based

$542,556.00 to $551,168.00 sales price

KAREN GULICK 210-531-6695 (855) TEX-LAND BROKER Karen@karengulick.com

Information When Buying or Selling Real Estate

Although you have probably heard of title companies and title insurance, you may not fully understand the role of the title company or how best to work with the title company in a real estate purchase or sale.

What should you expect when working with a 6tle company?

Contract Signed by Buyer and Seller – When the contract for purchase and sale has been signed by both buyer and seller, the real estate agent, or one of the par6es if no agent is involved, submits the contract and earnest money check to the 6tle company.

Title Company Receipt – The 6tle company issues a receipt and sends a copy of the contract and the check to each party. The 6tle company will typically include his/her contact informa6on and the GF number. The GF number (for guaranty file) is used to iden6fy the file and should be used whenever you communicate with the closer. The process of seCng up a working file for the transac6on is oDen called “opening 6tle” and is the first step in the 6tle company’s work to close the sale and issue a policy.

Closer – The closer communicates with the buyer, seller, and the lender. They will also request a survey if one is required, requests tax statements, gathers the required documents, prepares a seJlement statement and conducts the closing.

Title Insurance Commitment – Soon aDer the 6tle company opens 6tle, they will conduct a 6tle search and will issue a 6tle insurance commitment that is sent to both buyer and seller. It is extremely important for the buyer to carefully review the 6tle commitment because the commitment will disclose any defects in 6tle. For instance, it will show if there are any easements, deed restric6ons or liens on the property and whether there are other people who have an interest in the property. Typically, if the buyer objects to any entry on the commitment, they must state the objec6on within a certain period of 6me. If the buyer doesn’t 6mely object, the defect is waived. It is essen6al that the buyer act promptly to review the commitment and raise any objec6ons they may have.

Closing Documents – Typically, the closing documents, which include the seJlement statement, the deed and all loan documents, are not prepared un6l immediately before the closing. It is very important that you review all closing documents before the closing. Don’t expect to get copies of the documents a week before closing, but do ask to receive them by at least the day before closing.

SeBlement Statement – Review the seJlement statement in detail to be sure you get all the credits you are en6tled to. Check the addi6on. Check to make sure taxes are properly allocated. If you are the buyer, review the deed to make sure you name is correct and the property descrip6on is correct. Review the loan documents and all of the other closing documents in the same way you would review any contract. Pay aJen6on to the details and be sure you understand what you will be asked to sign.

Take Your Time – The closing will typically take place at the 6tle company oﬃces. The closing agent will present one document at a 6me for signature. If there is anything you do not understand or if any of the documents have changed since you reviewed them, ask for clariﬁca6on. Take your 6me. You may even want to schedule your closing for early or mid-month because oDen the end of the month is the busiest for closers.

Disbursement – Remember that the 6tle company does not represent the buyer or seller, but rather acts as an escrow agent, holding the earnest money and documents in escrow un6l it is required to disburse the funds according to the terms of the contract. For instance, under some sale contracts the earnest money will be

disbursed to the buyer if (1) buyer terminates the contract at any 6me during the op6on period or (2) if the contract is subject to lender ﬁnancing and the buyer is unable to get the ﬁnancing described in the contract or (3) if the contract is dependent on seller making certain repairs and seller fails to do so or (4) if seller otherwise defaults on the contract. The earnest money will be disbursed to the seller if (1) buyer terminates the contract aDer the op6on period and the termina6on is not excused by the terms of the contract or (2) otherwise defaults on the contract. If neither buyer nor seller requests disbursement of the earnest money prior to closing, it will be disbursed at closing according to the terms of the contract, usually as a credit to the buyer.

Objec6ves

Problems

May Arise – You may encounter many

during the escrow process and at closing. Below are some of the more

that could delay closing.

The Appraisal – A real estate appraiser is a professional who specializes in es6ma6ng the value of property. Es6mates of value, known as appraisals are typically made when property is bought, sold, condemned, insured or mortgaged. An appraisal may also be performed in a pending divorce ac6on and when partnerships are terminated. A lender will almost always require an appraisal to insure the value of the property is suﬃcient collateral for the loan. The appraisal is ordered by the lender and even though the borrower pays for the appraisal, the lender is the party that owns it. The appraiser works for the lender and not the borrower. Most appraisals for residen6al real estate are completed using the markets data approach where comparable proper6es are used to determine value.

the appraised value is less than the sales price your agent might suggest:

•

borrower ask their lender about increasing their down payment

the seller to reduce the price of the home to meet the lower appraisal

That

issues

common events and processes

• €The appraisal • €Inspec6ons • €Loan underwri6ng • €Title insurance commitment • €Recording

€The

• €Asking

Page of2 5

Inspec6ons – The most typical inspec6on in a residen6al real estate transac6on is a Structural Pest Inspec6on performed by a licensed inspector. Should this inspec6on reveal any major problems, there may be addi6onal inspec6ons performed by those professionals who have exper6se in a par6cular area. Below are some examples of when addi6onal experts may perform an inspec6on:

•

detected with the sep6c system which might require a sep6c expert

problems with a system in the home (electrical, plumbing, hea6ng, HVAC)

SeJling of the home or founda6on which might require a structural engineer

Defec6ve siding on the home or siding which has been recalled by the manufacturer

Pest infesta6on

amounts of mold detected in the home which might require a toxicologist

water or poor drainage

presence of oil in the surrounding soil

Note: It’s worthwhile to note that many major problems found in homes are oDen caused by deferred maintenance of another item in the home. Let’s use defec6ve siding as an example: The defec6ve siding was allowing moisture and rain to seep in behind the siding. This caused damage to the sheathing paper and fungal rot to the wood framing members under the siding. If the defec6ve siding had been replaced sooner, there may not have been further damage to the structure. The buyer has three op6ons in response to a structural inspec6on:

•

the inspec6on and cancel the transac6on

the inspec6on with the property as is

the inspec6on with condi6ons that the seller perform certain repair/replace items

Loan Underwri6ng – ADer the informa6on on a loan applica6on has been veriﬁed, the value of the property has been conﬁrmed and the 6tle search has been completed, the loan is now ready to be underwriJen. The underwriter will review all of the informa6on, analyze the creditworthiness of the borrower and render a decision on whether to grant the loan. The major func6on of the underwriter is to assess the risk of the borrower.

€Problems

€Major

€

€Excessive

€Pooling

€The

€Asbestos

€Lead

€Reject

€Accept

An underwriter will typically analyze the following: • €Monthly housing expense and total debt obliga6ons • €Monthly income • €Funds available to close • €Credit analysis • €Compensa6ng factors Page of3 5

Title Insurance Commitment

– On most real estate transac6ons, 6tle insurance is purchased. There are two types of policies:

• €Homeowner’s Policy (protects the homeowner)

• €Lender’s Policy (protects the lender)

The premium for 6tle insurance is a one-6me, non-reoccurring fee. The 6tle policy will be subject to certain exclusion and excep6ons. Prior to issuing the insurance, the 6tle company will conduct a search of the public records to determine the excep6ons to coverage, such as any liens or restric6ons that would aﬀect ownership of the property.

For example:

The seller failed to pay the property taxes and the county placed a tax lien against the property. The property could be seized and sold to pay oﬀ the seller’s back taxes. If a buyer were to purchase the property without knowing about the unpaid taxes, the buyer may ﬁnd themselves at risk of having to pay the back taxes or losing the property.

Prior to the closing of a real estate transac6on, the 6tle company speciﬁes all outstanding liens so that the buyer can require the seller to sa6sfy the liens prior to closing.

The 6tle company will issue a commitment for 6tle insurance that will indicate:

• €The par6es to be insured and the amounts of coverage

• €The current owners of the property

• €The legal descrip6on of the property

• €Any requirements that must be met for the insurance to be issued

• €All excep6ons to coverage, including recorded items aﬀec6ng the property, such as mortgages, easements, building and use restric6ons and liens

The commitment for 6tle insurance is not the actual policy, but it guarantees that a policy will be issued if the condi6ons that are speciﬁed in the commitment are met. In almost all real estate transac6ons, separate 6tle policies will be purchased for the lender and the buyer.

The buyer typically purchases the policy for the lender and the seller typically purchases the policy for the buyer.

Here’s an example of where there could be issues during an escrow period because of a =tle:

A preliminary 6tle report on a par6cular property indicated there were three owners of the property. The purchase and sale agreement was only signed by two owners. Many years ago, the third owner had relinquished her ownership of the property to the other two. She did not, however, sign or record a quit claim deed, though she was willing to do so. The two owners will either need to get a quit claim deed from her or have her sign the purchase and sale agreement. This may cause delays in the closing date.

Page of4 5

Recording – ADer all of the documents have been signed in escrow by both of the par6es, the closing agent will ensure that the loan is ready to fund. The deed of trust is sent from escrow to the county recorder to get recorded. The buyer legally owns the property when the loan has funded and recording numbers are made available.

The purpose of recording the deed is to put the public on construc6ve no6ce about the informa6on contained in the document.

Construc)ve No)ce: No)ce legally presumed, due to the recording of the deed in the public records.

The recording established priority of the deed and also establishes ownership.

If there was a delay in geCng the deed to the recorder’s oﬃce before it closed, the deed would have to be recorded the next day. The recording of the deed shows proof of the transfer of the sale and the buyer may have to wait un6l the next day to start moving into their new property.

If you ever have any questions during this process, please do not hesitate to contact me. I am here for you.

Page of5 5