HOFFMASTER PROPERTY July, 2016

Transcription

1 HOFFMASTER PROPERTY July, 2016

2 OFFERING PACKAGE DISCLOSURES Maryland Land Advisors is the exclusive agent for the sale of the Hoffmaster property, a 36-lot subdivision in Randallstown, Baltimore County, Maryland. All inquiries should be addressed to: Stephen J. Ferrandi Maryland Land Advisors 5771 Waterloo Road Ellicott City, Maryland Mobile: Office: LAND Stephen@MarylandLand.com MarylandLand.com The material contained herein is based in part upon information supplied or obtained by the broker and is deemed from sources to be reliable. Summaries contained herein of any legal documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Prospective purchasers shall conduct their own independent due diligence concerning the property, including such engineering inspections and evaluation of market conditions as they deem necessary to determine the condition and value of the property. The material contained in this offering memorandum is confidential, furnished solely for the purpose of considering the acquisition of the Hoffmaster property, described herein, and is not to be used for any other purpose or made available without the express written consent of Stephen J. Ferrandi and EA Realty, LLC. HOFFMASTER PROPERTY

3 TABLE OF CONTENTS 1. Executive Summary 2. Offering Terms and Conditions 3. Aerial Photographs 4. Site Photographs 5. Site Plan 6. Boring Logs 7. Site Report HOFFMASTER PROPERTY

4 EXECUTIVE SUMMARY The project is a proposed 36-lot single-family subdivision. The landowner has engaged the civil engineering firm of D.S. Thaler and Associates, who have completed substantial engineering on the property and received hearing office approval for 36 single-family lots. The seller wishes to enter into an agreement with a developer/builder who will complete the engineering and settle at record plat approval. The property is located on Chapman Road, a tranquil and ideal location for a community targeted towards a value-oriented purchaser who wants more than just a run-of-the-mill home. Several large lot subdivisions in the area Mardella Run and Granite Overlook were priced substantially higher than the pricing expectations for the subject property. It is expected that homes on Chapman Road will sell in the mid $400s, while homes in the area s large-lot communities were settling in the $600Ks. The Hoffmaster property represents the last farm in the area zoned for development with access to public utilities. The property has easy access to Liberty Road, offering shopping and dining just a few minutes drive (or walk) to the north. And, Offut Road to the south transitions into large-lot, established homes and farmland, giving the south end of Chapman Road a tranquil, neighborly feeling. Via Offutt Road, it is a ten-minute drive to the Howard County line, and the property is less than three minutes to Owings Mills Blvd, providing quick access to I-695. The area immediately surrounding the property is characterized by established homes, quiet roads, and mature trees. The neighborhood will strike home buyers as a quiet, pleasant, safe place to walk a dog or ride a bike. Adequate facilities include currently-open school seats and available connections, with capacity, to public water and sewer. The property is being marketed at $50,000 per partially-engineered building lot, for a total sales price of $1,800,000. HOFFMASTER PROPERTY

5 OFFERING TERMS & CONDITIONS Price This property is being marketed at $50,000 per partiallyengineered building lot, for a total sales price of $1,800,000. Deposit The buyer will release to the seller an option fee in the amount of 10% of the contract purchase price at the completion of the due diligence period. Due Diligence Period Settlement The buyer will have a 90-day study period from a fully-executed contract of sale or other agreed upon period. As agreed between parties. Brokerage Commission A fee is being paid to Maryland Land Advisors to market the property; however no provision has been made to pay other brokerages. If you are being represented by a real estate brokerage, please compensate them directly. HOFFMASTER PROPERTY

6 AERIAL PHOTOGRAPHS HOFFMASTER PROPERTY

7 SITE PHOTOGRAPHS HOFFMASTER PROPERTY

8 SITE PLAN HOFFMASTER PROPERTY

9 BORING LOGS HOFFMASTER PROPERTY

10 RECORD OF SUBSURFACE EXPLORATION Project: Probes on Chapman Rd for Directional Bore Location: Baltimore County, Maryland Job Number: Inspector: Boring Method: Hollow-Stem Auger Hole Diameter: 5" Water Level at Completion: Dry, 4.0 ' Boring Number: B-1 Drilling Company: MDA Drilling Inc. Driller: Duane Addison Date Drilled: Surface Elevation: 587' (est) Hammer Weight/Drop: 140 lb/30 in Water Level After 24 hrs: Backfilled upon completion Elevation (ft) Water/Caved Depth (ft) Description Depth (ft) Sampler Number Blows/6" Recovery (inches) Remarks Reddish brown, moist, silty SAND, trace mica. 0 Drilled on road in front of property address: 3420 Chapman Rd, Randallstown, Maryland Offset due to existing waterline. 5 inches of asphalt inches of gravel. 583 Bulk soil sample collected from 1.0 to 5.0 feet Bottom of 5.0 ft 580 RECORD OF SUBSURFACE EXPLORATION PROBES ON CHAPMAN RD FOR DIRECTIONAL BORE.GPJ 11/23/ MDA Drilling, Inc 2137 Haven Oak Court Abingdon, Maryland = Auger Cuttings Water Level At Completion Water Level After 24 hrs Caved Depth At Completion Caved Depth After 24 hrs Surface Elevation estimated from Google Earth. Sheet: 1 of 1

11 RECORD OF SUBSURFACE EXPLORATION Project: Probes on Chapman Rd for Directional Bore Location: Baltimore County, Maryland Job Number: Inspector: Boring Method: Hollow-Stem Auger Hole Diameter: 5" Water Level at Completion: Dry, 4.0 ' Boring Number: B-2 Drilling Company: MDA Drilling Inc. Driller: Duane Addison Date Drilled: Surface Elevation: 592' (est) Hammer Weight/Drop: 140 lb/30 in Water Level After 24 hrs: Backfilled upon completion Elevation (ft) Water/Caved Depth (ft) Description Depth (ft) Sampler Number Blows/6" Recovery (inches) Remarks Brown, moist, clayey SILT. 0 Drilled on road in front of property address: 3500 Chapman Rd, Randallstown, Maryland Offset due to existing waterline. 5 inches of asphalt inches of gravel. 588 Reddish brown, moist, silty SAND, trace mica. Bulk soil sample collected from 1.0 to 5.0 feet Bottom of 5.0 ft 585 RECORD OF SUBSURFACE EXPLORATION PROBES ON CHAPMAN RD FOR DIRECTIONAL BORE.GPJ 11/23/ MDA Drilling, Inc 2137 Haven Oak Court Abingdon, Maryland = Auger Cuttings Water Level At Completion Water Level After 24 hrs Caved Depth At Completion Caved Depth After 24 hrs Surface Elevation estimated from Google Earth. Sheet: 1 of 1

12 RECORD OF SUBSURFACE EXPLORATION Project: Probes on Chapman Rd for Directional Bore Location: Baltimore County, Maryland Job Number: Inspector: Boring Method: Hollow-Stem Auger Hole Diameter: 5" Water Level at Completion: Dry, 4.0 ' Boring Number: B-3 Drilling Company: MDA Drilling Inc. Driller: Duane Addison Date Drilled: Surface Elevation: 599' (est) Hammer Weight/Drop: 140 lb/30 in Water Level After 24 hrs: Backfilled upon completion Elevation (ft) Water/Caved Depth (ft) Description Depth (ft) Sampler Number Blows/6" Recovery (inches) Remarks Reddish brown, moist, silty SAND, trace mica. 0 Drilled on road in front of property address: 3512 Chapman Rd, Randallstown, Maryland Offset due to existing waterline. 2 inches of asphalt inches of gravel. 595 Bulk soil sample collected from 1.0 to 5.0 feet Bottom of 5.0 ft 592 RECORD OF SUBSURFACE EXPLORATION PROBES ON CHAPMAN RD FOR DIRECTIONAL BORE.GPJ 11/23/ MDA Drilling, Inc 2137 Haven Oak Court Abingdon, Maryland = Auger Cuttings Water Level At Completion Water Level After 24 hrs Caved Depth At Completion Caved Depth After 24 hrs Surface Elevation estimated from Google Earth. Sheet: 1 of 1

13 SITE REPORT HOFFMASTER PROPERTY

14 SITE REPORT 3414 Chapman Rd, Randallstown MD Prepared by David Porter at Meyers Research Meyers Index Rating MARYLAND Chapman Rd, Randallstown MD N W 1

15 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Parcel Details PARCEL CHARACTERISTICS APN Lot Size 730,066 sq ft Zoning acres Land Use AGRICULTURAL (NEC) Lot Size LAST RECORDED CLOSING Date - Sale Price - Lot Price per sq ft - OWNER INFORMATION Name Address In Care Of LINK VIRGINIA M / HOFFMASTER 3318 CHAPMAN RD, RANDALLSTOWN - JAMES W MD,

16 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Price Graphs PROJECTS GRAPHS Neighborhood A $746,000 Sold out projects $689,000 $632,000 $575,000 $518,000 $461,000 Price $404,000 $347,000 $290,000 $233,000 $176,000 $119,000 $62,000 1,400 1,770 2,140 2,510 2,880 3,250 3,620 3,990 4,360 4,730 5,100 5,470 Unit Size sq ft Active Project Upcoming Project Sold Out Project CHART KEY MAP KEY PROJECT NAME BUILDER CITY UNIT PRICE RANGE AVG S RATE LOT / TYPE Ballard Green Ryan Homes Owings Mills 1,769-2,522 $299,990 - $339, Attached Finn's Landing Regional Ho Randallstown 2,000-3,250 $371,990 - $578, ,000 Heather Glenn Ryan Homes Pikesville 1,680-2,528 N/A N/A Detached Marriott's Choice CalAtlantic Randallstown 1,600-1,969 $219,990 - $239, Attached McDonogh Green Lennar Randallstown 2,225-2,724 $365,990 - $412, ,712 McDonogh Green II Lennar Randallstown 2,066-2,724 $339,990 - $412, ,712 Park Place Richmond A Owings Mills 1,900-1,900 $249,990 - $272, Attached 3

17 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Price Graphs CHART KEY MAP KEY PROJECT NAME BUILDER CITY UNIT PRICE RANGE AVG S RATE LOT / TYPE Oaks At Raintree ( Clark Turner Owings Mills 3,100-3,700 $612,000 - $688,000 N/A 65,340 Mardella Ridge K. Hovnania Woodstock 3,700-5,084 $483,000 - $649, ,200 Ballard Green Beazer Homes Owings Mills 1,895-2,340 $295,990 - $329, Attached Lyons Gate David S. Bro Owings Mills 2,600-2,800 $190,000 - $194, Attached Beckett Green David S. Bro Owings Mills 1,476-1,949 $119,900 - $127, Attached Fable Hill Ryan Homes Owings Mills 1,584-1,848 $359,990 - N/A N/A Attached Ballard Green/Pha Ryan Homes Owings Mills 1,765-2,332 $299,990 - $345, Attached Averages: 2,129-2,703 $323,755 - $382, ,193 4

18 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Price Graphs CLOSINGS GRAPHS Neighborhood A Closings data from Jan to May $450,000 $420, New Homes 2014 Avg. Year Built 8,266 sq ft Avg. Lot $307,523 ($129/sq ft) $390,000 $360,000 $330,000 Price $300,000 $270,000 $240,000 $210,000 $180,000 $150,000 1,300 1,620 1,940 2,260 2,580 2,900 3,220 3,540 3,860 4,180 4,500 Unit Size sq ft Find all closings, including those with missing price or sq ft information, in the appendix. Graph results were filtered by Closing Type: New Homes. *Pricing recommendations in this section do not reflect the views and opinions of Meyers Research. 5

19 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Economy Baltimore-Columbia-Towson MSA Metro Area JOB GROWTH year-over-year May Job Growth: 32,300 new jobs 2016 Job Forecast: 18,500 new jobs UNEMPLOYMENT RATE May Unemployment: 4.6% 65,760 43,840 21, ,920-43,840-65,760 Unemployment 2016 Forecast: 4.9% F F Baltimore County JOB GROWTH year-over-year TOP EMPLOYERS # employees Jun Job Growth: 5,544 new jobs 30,940 23,205 15,470 7, ,735-15, Job Forecast: 5,120 new jobs Giant Food Stores LLC John Hopkins Medical Institutions 27,000 22,000 MedStar Health 22,000 Black & Decker Corp 22,000 John Hopkins University 15, F EMPLOYMENT BY SECTOR OFFICE ABSORPTION ANNUAL JOB GROWTH BY SECTOR 2,840 2,130 1, ,420 C EH F G H I M O PBS NRM TTU 6.2% Construction (C) 19.3% Education & Health (EH) 8.6% Finance (F) 14.6% Government (G) 9.0% Hospitality (H) 1.4% Information (I) 3.8% 3.7% Manufacturing (M) Other (O) 16.1% Professional & Business Services (PBS) 0.0% Natural Resource Mining (NRM) 17.4% Trade, Transport & Utilities (TTU) 6

20 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Community Zip Code HOUSEHOLD INCOME 2016E Median Household Incomes: $74,366 85,275 79,590 73,905 68,220 62,535 56,850 51,165 POPULATION GROWTH 2016E Population Growth: 0.18% 31,520 30,535 29,550 28,565 27,580 26,595 25,610 CRIME RATE per 1,000 people Total Crime Rate: HOUSEHOLD GROWTH 2016E Household Growth: 0.56% 11,310 11,020 10,730 10,440 10,150 9,860 9, E 2021F Violent Crime Rate: F Population Growth: 0.60% 2016E 2021F 2021F Household Growth: 0.52% E 2021F Maryland Property Rate: POPULATION BY AGE 2016E Median Age: 39year 3 month 6, , , , , ETHNICITY 1.5% 2.7% 0.2% 0.0% Others Two Plus SCHOOLS American Indian Pacific Islander Randallstown Elementary School score 4/10 Windsor Mill Middle School 4/10 Randallstown High School 4/10 WALKABILITY 85+ Under to to to to to to to % Walk Score: 21/ Asian 78.4% Black 11.6% White 3.4% Hispanic 100 7

21 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Supply Baltimore County PERMITS May Total Residential Permits: 742 7,625 6,100 4,575 3,050 1,525 last twelve months SFD Multifamily LTM NUMBER OF LISTINGS May # of Listings: DAYS ON MARKET Mar Days on Market: 3,119 listings 137 days 3,780 3,465 3,150 2,835 2,520 2,205 1, Jun, 2012 Jun, 2013 Jun, 2014 Jun, 2015 May, 2016 Apr, 2012 Apr, 2013 Apr, 2014 Apr, 2015 Mar, 2016 City of Randallstown PERMITS last twelve months May Total Residential Permits: N/A 8

22 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Supply NEARBY PROJECTS NO PROJECT BUILDER UNIT PRICE RANGE TYPE 1 Mardella Ridge K. Hovnanian Homes $483,000 - $649,990 Detached 2 Marriott's Choice 1 Car Garag CalAtlantic Homes $219,990 - $239,990 Attached 3 Oaks At Raintree (The) Clark Turner Homes $612,000 - $688,000 Detached 4 Finn's Landing Regional Homes $371,990 - $578,990 Detached 5 Tameron Woods Grayson Homes $349,900 - $644,990 Detached 6 Lyons Gate David S. Brown Enterpris $190,000 - $194,000 Attached 7 Ballard Green Ryan Homes $299,990 - $339,990 Attached 8 Ballard Green/Phase 2 Ryan Homes $299,990 - $345,990 Attached 9 Beckett Green David S. Brown Enterpris $119,900 - $127,900 Attached 10 Ballard Green Beazer Homes $295,990 - $329,990 Attached 11 Fable Hill Ryan Homes N/A Attached 12 McDonogh Green Lennar $365,990 - $412,990 Detached 13 McDonogh Green II Lennar $339,990 - $412,990 Detached 14 Heather Glenn Ryan Homes N/A Detached 15 Park Place Richmond American Homes $249,990 - $272,990 Attached 9

23 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Sales Baltimore County Total Home Closings last twelve months May Total Home Closings: 8,945 May Total New Closings: 704 May Total Existing Closings: 8,241 Total Home Sales 22,475 17,980 13,485 8,990 4, LTM City of Randallstown Total Home Closings May Total Home Closings: Total Home Sales last twelve months May Total New Closings: May Total Existing Closings: LTM Zip Code Total Home Closings last twelve months May Total Home Closings: Total Home Sales May Total New Closings: May Total Existing Closings: LTM 10

24 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Prices City Of Randallstown CLOSING HOME PRICE May Median Detached New: $439, ,540 May Median Detached Existing: $225, , , , ,180 93, LTM Zip Code CLOSING HOME PRICE May Median SFD New: $439, , , , , ,180 93, LTM CLOSINGS BY PRICE RANGE May Median SFD Existing: $225,982 last twelve months DETACHED AFFORDABILITY New Existing New Existing K 40K-80K 80K-120K 120K-160K 160K-200K 200K-240K 240K-280K 280K-320K 320K-500K 11

25 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Distress City of Randallstown HOUSING TRANSACTION VOLUME BY TYPE last twelve months New Existing Foreclosure Sale Foreclosure NOD LTM NOTICES OF DEFAULT & FORECLOSURES last twelve months May Total Foreclosures: 88 May Notices of Default: LTM Zip Code NOTICES OF DEFAULT & FORECLOSURES last twelve months May Total Foreclosures: 44 May Notices of Default: LTM 12

26 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 9513 John Locke Way-Owings Mills N/A N/A N/A 2,614 05/16 $373,172 N/A New Home 9521 John Locke Way-Owings Mills N/A N/A N/A 1,742 05/16 $324,990 N/A New Home 9525 John Locke Way-Owings Mills N/A N/A N/A 1,742 04/16 $345,074 N/A New Home 9523 John Locke Way-Owings Mills N/A N/A N/A 1,742 04/16 $325,990 N/A New Home 9515 John Locke Way-Owings Mills N/A N/A N/A 2,614 04/16 $366,239 N/A New Home 9519 John Locke Way-Owings Mills N/A N/A N/A 1,742 04/16 $332,708 N/A New Home 9517 John Locke Way-Owings Mills N/A N/A N/A 1,742 04/16 $326,000 N/A New Home 9527 John Locke Way-Owings Mills N/A N/A N/A 2,614 04/16 $362,276 N/A New Home 9547 John Locke Way-Owings Mills ,136 N/A 3 Attached 02/16 $307,690 $144 New Home 9447 Virginia Jane Way-Owings Mills ,120 N/A 3 Attached 02/16 $319,990 $150 New Home 9530 John Locke Way-Owings Mills ,136 N/A 4 Attached 02/16 $304,990 $142 New Home 9467 Virginia Jane Way-Owings Mills ,332 N/A 3 Attached 02/16 $378,597 N/A New Home 9807 Winands Rd-Randallstown-MD N/A 1,896 N/A 1 8,125 02/16 $239,900 $126 New Home 9545 John Locke Way-Owings Mills ,136 N/A 3 Attached 01/16 $314,585 N/A New Home 9558 John Locke Way-Owings Mills ,152 N/A 4 Attached 01/16 $335,060 N/A New Home 9510 Caveat Ct-Randallstown-MD ,952 N/A 4 Attached 12/15 $262,814 N/A New Home 9546 John Locke Way-Owings Mills ,136 N/A 4 Attached 12/15 $309,350 N/A New Home 9556 John Locke Way-Owings Mills ,136 N/A 4 Attached 12/15 $299,990 N/A New Home 13

27 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 9549 John Locke Way-Owings Mills ,400 N/A 3 Attached 12/15 $339,990 N/A New Home 9542 John Locke Way-Owings Mills ,152 N/A 4 Attached 12/15 $306,990 N/A New Home 9534 John Locke Way-Owings Mills ,136 N/A 4 Attached 12/15 $308,990 N/A New Home 9552 John Locke Way-Owings Mills ,376 N/A 4 Attached 12/15 $342,000 N/A New Home 9543 John Locke Way-Owings Mills ,376 N/A 3 Attached 12/15 $337,990 N/A New Home 9503 Elizabeth Howe Ln-Owings Mill ,152 N/A 4 Attached 12/15 $304,615 N/A New Home 4314 Plinlimmon Dr-Owings Mills-MD ,332 N/A 4 Attached 12/15 $340,000 N/A New Home 9449 Virginia Jane Way-Owings Mills ,332 N/A 3 Attached 11/15 $342,000 N/A New Home 9541 John Locke Way-Owings Mills ,376 N/A 4 Attached 10/15 $338,293 N/A New Home 9473 Virginia Jane Way-Owings Mills ,332 N/A 3 Attached 10/15 $350,383 N/A New Home 9428 Ballard Green Dr-Owings Mills ,524 N/A 3 Attached 10/15 $320,000 N/A New Home 9503 Caveat Ct-Randallstown-MD ,920 N/A 4 Attached 10/15 $273,742 N/A New Home 9457 Virginia Jane Way-Owings Mills ,120 N/A 3 Attached 10/15 $329,990 N/A New Home 9544 John Locke Way-Owings Mills ,152 N/A 4 Attached 10/15 $307,000 N/A New Home 9443 Virginia Jane Way-Owings Mills ,120 N/A 3 Attached 10/15 $324,990 N/A New Home 9469 Virginia Jane Way-Owings Mills ,120 N/A 3 Attached 10/15 $342,485 N/A New Home 9471 Virginia Jane Way-Owings Mills ,120 N/A 3 Attached 10/15 $331,960 N/A New Home 9435 Virginia Jane Way-Owings Mills ,332 N/A 3 Attached 10/15 $329,990 N/A New Home 14

28 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 9509 Caveat Ct-Randallstown-MD ,952 N/A 4 Attached 10/15 $294,753 N/A New Home 9526 John Locke Way-Owings Mills ,136 N/A 4 Attached 10/15 $310,100 N/A New Home 4101 Kiwi Ct-Randallstown-MD ,220 N/A 4 7,710 10/15 $386,740 N/A New Home 9441 Virginia Jane Way-Owings Mills ,136 N/A 3 Attached 10/15 $341,088 N/A New Home 9439 Virginia Jane Way-Owings Mills ,332 N/A 3 Attached 10/15 $369,000 N/A New Home 9429 Virginia Jane Way-Owings Mills ,120 N/A 3 Attached 10/15 $339,440 N/A New Home 9433 Virginia Jane Way-Owings Mills ,136 N/A 3 Attached 10/15 $339,055 N/A New Home 4108 Harbrent Way-Randallstown-MD ,786 N/A 4 7,971 09/15 $414,990 N/A New Home 9524 John Locke Way-Owings Mills ,392 N/A 4 Attached 09/15 $333,000 N/A New Home 9337 John Locke Way-Owings Mills ,136 N/A 4 Attached 09/15 $318,575 N/A New Home 9535 John Locke Way-Owings Mills ,152 N/A 4 Attached 09/15 $315,480 N/A New Home 9533 John Locke Way-Owings Mills ,136 N/A 4 Attached 09/15 $327,404 N/A New Home 9508 Caveat Ct-Randallstown-MD ,952 N/A 4 Attached 09/15 $264,976 N/A New Home 9506 Caveat Ct-Randallstown-MD ,920 N/A 4 Attached 09/15 $265,482 N/A New Home 9550 John Locke Way-Owings Mills ,376 N/A 4 Attached 09/15 $375,000 N/A New Home 9560 John Locke Way-Owings Mills ,376 N/A 4 Attached 09/15 $355,914 N/A New Home 9528 John Locke Way-Owings Mills ,136 N/A 4 Attached 09/15 $301,460 N/A New Home 9425 Virginia Jane Way-Owings Mills ,332 N/A 3 2,178 09/15 $371,301 N/A New Home 15

29 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 9427 Virginia Jane Way-Owings Mills ,120 N/A 3 Attached 09/15 $332,000 N/A New Home 4106 Harbrent Way-Randallstown-MD ,310 N/A 4 6,795 09/15 $435,000 $92 New Home 9431 Virginia Jane Way-Owings Mills ,120 N/A 4 Attached 09/15 $323,937 N/A New Home 9531 John Locke Way-Owings Mills ,376 N/A 3 Attached 09/15 $357,424 N/A New Home 3709 Peace Chance Dr-Randallstown ,060 N/A 3 Attached 08/15 $286,000 N/A New Home 9501 Elizabeth Howe Ln-Owings Mill ,376 N/A 4 Attached 08/15 $363,240 N/A New Home 9532 John Locke Way-Owings Mills ,152 N/A 4 Attached 08/15 $304,955 N/A New Home 9536 John Locke Way-Owings Mills ,392 N/A 4 Attached 08/15 $352,500 N/A New Home 9507 Elizabeth Howe Ln-Owings Mill ,152 N/A 4 Attached 08/15 $339,000 N/A New Home 9505 Elizabeth Howe Ln-Owings Mill ,136 N/A 4 Attached 08/15 $320,452 N/A New Home 9461 Virginia Jane Way-Owings Mills ,120 N/A 3 Attached 08/15 $308,551 N/A New Home 9504 Caveat Ct-Randallstown-MD ,920 N/A 4 Attached 08/15 $267,180 N/A New Home 9500 Caveat Ct-Randallstown-MD ,920 N/A 3 Attached 08/15 $285,596 N/A New Home 9509 Elizabeth Howe Ln-Owings Mill ,376 N/A 4 Attached 08/15 $364,920 N/A New Home 3701 Peace Chance Dr-Randallstown ,060 N/A 3 Attached 08/15 $273,601 N/A New Home 9463 Virginia Jane Way-Owings Mills ,332 N/A 3 Attached 08/15 $367,960 N/A New Home 9459 Virginia Jane Way-Owings Mills ,120 N/A 3 Attached 08/15 $330,913 N/A New Home 9453 Virginia Jane Way-Owings Mills 2015 N/A N/A N/A 47,916 08/15 $356,599 N/A New Home 16

30 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 9455 Virginia Jane Way-Owings Mills ,120 N/A 3 Attached 08/15 $333,829 N/A New Home 9512 Caveat Ct-Randallstown-MD ,936 N/A 3 Attached 08/15 $283,023 N/A New Home 9315 Edway Cir-Randallstown-MD N/A 1,888 N/A 3 13,330 07/15 $263,000 $139 New Home 9523 Elizabeth Howe Ln-Owings Mill ,152 N/A 4 Attached 07/15 $326,545 N/A New Home 9525 Elizabeth Howe Ln-Owings Mill ,136 N/A 4 Attached 07/15 $296,995 N/A New Home 9527 Elizabeth Howe Ln-Owings Mill ,152 N/A 4 Attached 07/15 $323,827 N/A New Home 4308 Plinlimmon Dr-Owings Mills-MD ,332 N/A 4 Attached 07/15 $340,974 N/A New Home 4320 Plinlimmon Dr-Owings Mills-MD ,136 N/A 4 Attached 07/15 $316,586 N/A New Home 9529 Elizabeth Howe Ln-Owings Mill ,376 N/A 4 Attached 07/15 $346,683 N/A New Home 9521 Elizabeth Howe Ln-Owings Mill ,376 N/A 4 Attached 07/15 $339,460 N/A New Home 9450 Ballard Green Dr-Owings Mills ,288 N/A 3 Attached 07/15 $330,592 N/A New Home 9445 Virginia Jane Way-Owings Mills ,120 N/A 3 Attached 07/15 $345,544 N/A New Home 4310 Plinlimmon Dr-Owings Mills-MD ,136 N/A 4 Attached 07/15 $335,523 N/A New Home 4318 Plinlimmon Dr-Owings Mills-MD ,332 N/A 4 Attached 07/15 $363,149 N/A New Home 4322 Plinlimmon Dr-Owings Mills-MD ,136 N/A 4 Attached 07/15 $316,259 N/A New Home 3708 Collier Rd-Randallstown-MD N/A 2,444 N/A 3 7,215 07/15 $254,900 $155 New Home 9519 Elizabeth Howe Ln-Owings Mill ,392 N/A 4 Attached 07/15 $337,335 N/A New Home 9513 Elizabeth Howe Ln-Owings Mill ,376 N/A 4 Attached 07/15 $360,013 N/A New Home 17

31 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 9515 Elizabeth Howe Ln-Owings Mill ,136 N/A 3 Attached 06/15 $292,985 N/A New Home 4334 Plinlimmon Dr-Owings Mills-MD ,120 N/A 2 Attached 06/15 $311,986 N/A New Home 4338 Plinlimmon Dr-Owings Mills-MD ,332 N/A 2 Attached 06/15 $359,102 N/A New Home 4332 Plinlimmon Dr-Owings Mills-MD 2015 N/A N/A N/A 47,916 06/15 $313,845 N/A New Home 9517 Elizabeth Howe Ln-Owings Mill ,136 N/A 4 Attached 06/15 $310,058 N/A New Home 4330 Plinlimmon Dr-Owings Mills-MD ,136 N/A 2 Attached 06/15 $332,162 N/A New Home 4328 Plinlimmon Dr-Owings Mills-MD ,936 N/A 2 Attached 06/15 $314,269 N/A New Home 3705 Peace Chance Dr-Randallstown ,740 N/A 3 Attached 06/15 $250,017 N/A New Home 3729 Peace Chance Dr-Mcdonogh Ru ,060 N/A 3 Attached 06/15 $265,489 N/A New Home 9456 Balalrd Green Dr-Owings Mills ,288 N/A 3 Attached 06/15 $320,719 N/A New Home 9452 Ballard Green Dr-Owings Mills ,720 N/A 3 Attached 06/15 $309,510 N/A New Home 3713 Peace Chance Dr-Randallstown ,060 N/A 3 Attached 06/15 $281,963 N/A New Home 3721 Peace Chance Dr-Randallstown ,700 N/A 3 Attached 06/15 $233,738 N/A New Home 4107 Harbrent Way-Randallstown-MD ,768 N/A 3 10,105 06/15 $408,990 N/A New Home 9454 Ballard Green Dr-Owings Mills ,096 N/A 3 Attached 06/15 $318,814 N/A New Home 4817 Hawksbury Rd-Pikesville-MD N/A 1,300 N/A 3 Attached 05/15 $180,000 $138 New Home 3715 Peace Chance Dr-Randallstown ,740 N/A 3 Attached 05/15 $249,363 N/A New Home 3711 Peace Chance Dr-Mcdonogh Ru ,060 N/A 3 Attached 05/15 $268,418 N/A New Home 18

32 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 3731 Peace Chance Dr-Randallstown ,060 N/A 3 Attached 05/15 $273,274 N/A New Home 9545 Elizabeth Howe Ln-Owings Mill ,180 N/A 3 Attached 05/15 $302,490 N/A New Home 4102 Harbrent Way-Randallstown-MD ,976 N/A 3 7,884 05/15 $399,990 $117 New Home 3735 Peace Chance Dr-Randallstown ,060 N/A 3 Attached 05/15 $281,521 N/A New Home 9458 Ballard Green Dr-Owings Mills ,508 N/A 3 Attached 05/15 $357,490 N/A New Home 3733 Peace Chance Dr-Randallstown ,060 N/A 3 Attached 05/15 $240,823 N/A New Home 3727 Peace Chance Dr-Randallstown ,060 N/A 3 Attached 05/15 $249,786 N/A New Home 9438 Ballard Green Dr-Owings Mills ,508 N/A 3 Attached 05/15 $324,693 N/A New Home 9448 Ballard Green Dr-Owings Mills ,508 N/A 3 Attached 05/15 $342,507 N/A New Home 3719 Peace Chance Dr-Randallstown ,700 N/A 3 Attached 05/15 $234,454 N/A New Home 9440 Ballard Green Dr-Owings Mills ,524 N/A 3 Attached 05/15 $301,350 N/A New Home 3717 Peace Chance Dr-Mcdonogh Ru ,060 N/A 3 Attached 05/15 $258,974 N/A New Home 9446 Ballard Green Dr-Owings Mills ,256 N/A 3 Attached 05/15 $338,047 N/A New Home 9442 Ballard Green Dr-Owings Mills ,256 N/A 3 Attached 05/15 $298,712 N/A New Home 9430 Ballard Green Dr-Owings Mills ,896 N/A 3 Attached 05/15 $298,536 N/A New Home 9444 Ballard Green Dr-Owings Mills ,256 N/A 3 Attached 05/15 $340,187 N/A New Home 9466 Ballard Green Dr-Owings Mills ,524 N/A 3 Attached 05/15 $365,000 N/A New Home 9464 Ballard Green Dr-Owings Mills ,896 N/A 3 Attached 05/15 $320,835 N/A New Home 19

33 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 9462 Ballard Green Dr-Owings Mills ,940 N/A 3 Attached 05/15 $290,626 N/A New Home 9460 Ballard Green Dr-Owings Mills ,956 N/A 3 Attached 05/15 $291,500 N/A New Home 9436 Ballard Green Dr-Owings Mills ,508 N/A 3 Attached 05/15 $361,293 N/A New Home 4119 Bald Eagle Ct-Randallstown-MD ,082 N/A 3 6,577 05/15 $353,290 $169 New Home 3703 Peace Chance Dr-Randallstown ,060 N/A 3 Attached 05/15 $249,820 N/A New Home 9432 Ballard Green Dr-Owings Mills ,256 N/A 3 Attached 05/15 $323,735 N/A New Home 9434 Ballard Green Dr-Owings Mills ,272 N/A 3 Attached 04/15 $325,510 N/A New Home 4312 Plinlimmon Dr-Owings Mills-MD ,136 N/A 4 Attached 04/15 $314,959 N/A New Home 4324 Plinlimmon Dr-Owings Mills-MD ,332 N/A 4 Attached 04/15 $340,971 N/A New Home 4336 Plinlimmon Dr-Owings Mills-MD ,760 N/A 2 Attached 04/15 $308,435 N/A New Home 9535 Elizabeth Howe Ln-Owings Mill ,196 N/A 4 Attached 03/15 $304,990 N/A New Home 9537 Elizabeth Howe Ln-Owings Mill ,180 N/A 4 Attached 03/15 $309,990 N/A New Home 9531 Elizabeth Howe Ln-Owings Mill ,376 N/A 4 Attached 03/15 $340,142 N/A New Home 9543 Elizabeth Howe Ln-Owings Mill ,180 N/A 4 Attached 02/15 $296,990 N/A New Home 9541 Elizabeth Howe Ln-Owings Mill ,392 N/A 4 Attached 02/15 $345,000 N/A New Home 9539 Elizabeth Howe Ln-Owings Mill ,376 N/A 4 Attached 02/15 $348,856 N/A New Home 4100 Harbrent Way-Randallstown-MD ,468 N/A 4 9,801 02/15 $404,000 $102 New Home 4105 Harbrent Way-Randallstown-MD ,468 N/A 3 9,496 12/14 $409,290 $104 New Home 20

34 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 4121 Bald Eagle Ct-Randallstown-MD ,532 N/A 4 6,054 12/14 $356,790 $171 New Home 4100 Kiwi Ct-Randallstown-MD ,358 N/A 4 7,753 12/14 $435,000 $171 New Home 3902 Susanna Rd-Randallstown-MD N/A 1,899 N/A 3 8,646 12/14 $269,900 $187 New Home 9421 Summer Squal Dr-Randallstown ,740 N/A 3 Attached 12/14 $274,502 $157 New Home 4104 Harbrent Way-Randallstown-MD ,768 N/A 3 7,361 11/14 $371,290 $134 New Home 4103 Harbrent Way-Randallstown-MD ,976 N/A 4 8,842 10/14 $365,790 $122 New Home 9316 Leigh Choice Ct #33-Owings Mi N/A 1,620 N/A 3 Attached 10/14 $154,900 $95 New Home 4118 Bald Eagle Ct-Randallstown-MD ,682 N/A 4 7,100 09/14 $358,890 $172 New Home 4120 Bald Eagle Ct-Randallstown-MD ,052 N/A 3 9,452 09/14 $410,290 $113 New Home 3907 Amy Ln-Randallstown-MD N/A 2,127 N/A 3 8,253 09/14 $252,500 $118 New Home 9316 Silver Charm Dr-Randallstown ,060 N/A 4 Attached 09/14 $278,000 $134 New Home 9318 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 09/14 $295,985 $143 New Home 4117 Bald Eagle Ct-Randallstown-MD ,612 N/A 3 6,185 09/14 $441,160 $121 New Home 9307 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 08/14 $254,328 $123 New Home 4116 Bald Eagle Ct-Randallstown-MD ,706 N/A 3 7,100 08/14 $357,990 $132 New Home 9317 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 08/14 $279,888 $135 New Home 9305 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 08/14 $260,371 $126 New Home 9303 Silver Charm Dr-Randallstown ,700 N/A 3 Attached 08/14 $235,230 $138 New Home 21

35 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 4115 Bald Eagle Ct-Randallstown-MD ,858 N/A 3 6,708 08/14 $395,490 $138 New Home 9300 Silver Charm Dr-Randallstown ,740 N/A 3 Attached 08/14 $291,454 $167 New Home 9302 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 07/14 $247,342 $120 New Home 9306 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 07/14 $269,616 $130 New Home 4113 Bald Eagle Ct-Randallstown-MD ,682 N/A 3 6,795 07/14 $359,385 $134 New Home 9304 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 07/14 $255,433 $124 New Home 9315 Silver Charm Dr-Randallstown ,700 N/A 3 Attached 07/14 $228,311 $134 New Home 9311 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 07/14 $275,112 $133 New Home 9310 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 07/14 $250,048 $121 New Home 9313 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 06/14 $241,193 $117 New Home 4101 Bald Eagle Ct-Randallstown-MD ,593 N/A 4 8,189 06/14 $438,930 $119 New Home 9312 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 06/14 $264,337 $128 New Home 9319 Silver Charm Dr-Randallstown ,076 N/A 3 Attached 06/14 $286,265 $137 New Home 9314 Silver Charm Dr-Randallstown ,740 N/A 3 Attached 06/14 $236,349 $135 New Home 3727 Offutt Rd-Randallstown-MD N/A 2,307 N/A 3 9,795 06/14 $255,000 $122 New Home 9324 Silver Charm Dr-Randallstown ,700 N/A 3 Attached 06/14 $230,641 $135 New Home 9327 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 05/14 $274,933 $133 New Home 9325 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 05/14 $252,698 $122 New Home 22

36 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 9321 Silver Charm Dr-Randallstown ,700 N/A 3 Attached 05/14 $229,844 $135 New Home 4114 Bald Eagle Ct-Randallstown-MD ,268 N/A 3 7,100 05/14 $395,290 $99 New Home 9328 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 05/14 $269,990 $131 New Home 9326 Silver Charm Dr-Randallstown ,740 N/A 3 Attached 04/14 $237,074 $136 New Home 9336 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 04/14 $252,688 $122 New Home 9322 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 04/14 $257,722 $125 New Home 9320 Silver Charm Dr-Randallstown ,108 N/A 3 Attached 04/14 $265,012 $125 New Home 9332 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 04/14 $257,941 $125 New Home 9334 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 04/14 $249,713 $121 New Home 9313 Master Derby Dr-Randallstown ,740 N/A 3 Attached 03/14 $254,206 $146 New Home 9338 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 03/14 $260,174 $126 New Home 4112 Bald Eagle Ct-Randallstown-MD ,832 N/A 4 7,100 03/14 $357,000 $126 New Home 4103 Bald Eagle Ct-Randallstown-MD ,987 N/A 4 6,708 02/14 $390,000 $118 New Home 4108 Bald Eagle Ct-Randallstown-MD ,635 N/A 4 7,100 01/14 $415,000 $114 New Home 4110 Bald Eagle Ct-Randallstown-MD ,446 N/A 4 7,100 01/14 $425,000 $95 New Home 9312 Master Derby Dr-Randallstown ,060 N/A 4 2,020 01/14 $252,239 $110 New Home 9310 Master Derby Dr-Randallstown ,060 N/A 4 Attached 01/14 $265,177 $128 New Home 9510 Coyle Rd #507-Owings Mills-MD 2012 N/A N/A N/A Attached 12/13 $259,493 N/A New Home 23

37 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 9307 Master Derby Dr-Randallstown ,060 N/A 4 Attached 12/13 $263,422 $127 New Home 9301 Master Derby Dr-Randallstown ,060 N/A 4 Attached 12/13 $274,748 $133 New Home 9316 Master Derby Dr-Randallstown ,756 N/A 4 Attached 12/13 $232,471 $132 New Home 9317 Master Derby Dr-Randallstown ,076 N/A 3 Attached 12/13 $273,130 $131 New Home 9309 Master Derby Dr-Randallstown ,060 N/A 3 Attached 12/13 $268,537 $130 New Home 9318 Master Derby Dr-Randallstown ,076 N/A 4 Attached 12/13 $272,040 $131 New Home 9314 Master Derby Dr-Randallstown ,060 N/A 4 Attached 12/13 $258,612 $125 New Home 4111 Bald Eagle Ct-Randallstown-MD ,285 N/A 4 7,274 11/13 $417,000 $126 New Home 4101 Harbrent Way-Randallstown-MD ,820 N/A 4 10,280 11/13 $391,790 $138 New Home 9321 Master Derby Dr-Randallstown ,060 N/A 3 Attached 11/13 $254,318 $123 New Home 9311 Master Derby Dr-Randallstown ,060 N/A 3 Attached 11/13 $270,000 $131 New Home 9303 Master Derby Dr-Randallstown ,060 N/A 4 Attached 11/13 $255,198 $123 New Home 4100 Bald Eagle Ct-Randallstown-MD ,584 N/A 4 8,363 10/13 $425,000 $118 New Home 9305 Master Derby Dr-Randallstown ,060 N/A 4 Attached 10/13 $246,583 $119 New Home 9336 Master Derby Dr-Randallstown ,060 N/A 3 Attached 10/13 $271,511 $131 New Home 9315 Master Derby Dr-Randallstown ,700 N/A 3 Attached 10/13 $244,694 $143 New Home 4105 Bald Eagle Ct-Randallstown-MD ,154 N/A 4 7,143 09/13 $429,990 $118 New Home 9335 Master Derby Dr-Randallstown ,060 N/A 3 Attached 09/13 $257,743 $125 New Home 24

38 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 8566 Winands Rd-Baltimore-MD ,328 N/A 3 8,232 09/13 $389,350 $116 New Home 9326 Master Derby Dr-Randallstown ,700 N/A 3 Attached 09/13 $248,302 $146 New Home 9319 Master Derby Dr-Randallstown ,060 N/A 3 Attached 09/13 $256,926 $124 New Home 4104 Bald Eagle Ct-Randallstown-MD ,473 N/A 5 7,100 09/13 $449,990 $100 New Home 9325 Master Derby Dr-Randallstown ,060 N/A 3 Attached 09/13 $263,793 $128 New Home 9332 Master Derby Dr-Randallstown ,060 N/A 3 Attached 08/13 $238,054 $115 New Home 9323 Master Derby Dr-Randallstown ,060 N/A 3 Attached 08/13 $246,563 $119 New Home 9333 Master Derby Dr-Randallstown ,060 N/A 3 Attached 07/13 $260,101 $126 New Home 9403 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 07/13 $270,000 $131 New Home 9327 Master Derby Dr-Randallstown ,060 N/A 3 Attached 07/13 $256,205 $124 New Home 4102 Bald Eagle Ct-Randallstown-MD ,668 N/A 4 7,100 07/13 $420,290 $114 New Home 9329 Master Derby Dr-Randallstown ,076 N/A 3 Attached 07/13 $285,012 $137 New Home 9337 Master Derby Dr-Randallstown ,060 N/A 3 Attached 07/13 $269,170 $130 New Home 9328 Master Derby Dr-Randallstown ,060 N/A 3 Attached 07/13 $260,188 $126 New Home 9339 Master Derby Dr-Randallstown ,060 N/A 3 Attached 07/13 $279,086 $135 New Home 9334 Master Derby Dr-Randallstown ,060 N/A 3 Attached 06/13 $230,872 $112 New Home 9320 Master Derby Dr-Randallstown ,060 N/A 3 Attached 06/13 $277,595 $134 New Home 9331 Master Derby Dr-Randallstown ,060 N/A 3 Attached 06/13 $259,938 $126 New Home 25

39 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE 9322 Master Derby Dr-Randallstown ,740 N/A 3 Attached 06/13 $237,189 $136 New Home 8736 Meadow Heights Rd-Randallsto N/A 1,943 N/A 2 7,393 05/13 $235,000 $120 New Home 9324 Master Derby Dr-Randallstown ,060 N/A 3 Attached 05/13 $239,297 $116 New Home 9330 Master Derby Dr-Randallstown ,060 N/A 3 Attached 04/13 $255,321 $123 New Home 9411 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 04/13 $241,902 $117 New Home 9409 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 04/13 $245,240 $119 New Home 9405 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 04/13 $242,502 $117 New Home 9338 Master Derby Dr-Randallstown ,060 N/A 3 Attached 04/13 $259,185 $125 New Home 9340 Master Derby Dr-Randallstown ,060 N/A 4 Attached 04/13 $268,000 $130 New Home 4104 Brad Jacob Ct-Baltimore-MD ,224 N/A 3 5,749 04/13 $357,990 $160 New Home 8568 Winands Rd-Baltimore-MD ,564 N/A 4 8,842 04/13 $323,360 $126 New Home 9431 Silver Charm Dr-Randallstown ,740 N/A 3 Attached 03/13 $235,774 $135 New Home 9407 Summer Squal Dr-Randallstown ,756 N/A 3 Attached 03/13 $235,000 $133 New Home 9427 Silver Charm Dr-Randallstown ,060 N/A 3 Attached 03/13 $255,946 $124 New Home 3507 Tali Dr-Randallstown-MD ,814 N/A 3 5,793 03/13 $255,000 $140 New Home 9419 Silver Charm Dr-Randallstown ,772 N/A 3 Attached 02/13 $247,933 $139 New Home 11 Sunday Silence Ct-Randallstown-MD ,104 N/A 4 Attached 02/13 $249,990 $118 New Home 8564 Winands Rd-Baltimore-MD ,528 N/A N/A 8,189 01/13 $365,915 $144 New Home 26

40 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix Neighborhood A SITE ADDRESS YEAR BUILT UNIT BED BATH LOT DATE VALUE PRICE / sq ft TYPE Totals & Averages ,242 8,266 $307,523 $

41 3414 Chapman Rd, Randallstown MD 21133, Jul. 11, 2016 Appendix ABOUT Meyers Research is a residential real estate consulting practice and a leading data provider for the housing industry headquartered in Beverly Hills, CA with 7 offices in the U.S. As a trusted advisor in for-sale and multifamily markets, the company offers a national perspective as well as local expertise to homebuilders, land and institutional developers, investment and commercial banks, private equity managers and attorneys. DEFINITIONS AND METHODOLOGY All information presented involved the assembly of data sources that we consider to be reliable, including the Bureau of Labor Statistics, Nielsen Claritas, Public Record Data, Moody's Analytics, Great Schools, U.S. Bureau of the Census,Zillow various regional Multiple Listing Service providers, and Meyers Research. We do not guarantee any data accuracy as all information is subject to human errors, omissions, and/or changes. Meyers Index The Meyers Index is a proprietary index that produces a score ranging from 0 to 1,000 for a geographic area, ranging from the nation to a specific zip code. A higher index score captures the desirability of housing development for the selected area and is calculated using specific data sets weighted to interpret the strength of the market. Such metrics include price appreciation, sales activity, permit activity, demographic growth, household income levels, school scores, and affordability. Walk Score Walk Score measures the walkability of a zip code from using a patented system based on access to amenities, population density and road metrics. Methodology and full walk score scale can be viewed at methodology.shtml. Score ranges: car dependent area somewhat walkable daily errands do not require a car. F Forecast CM Current Month LTM Last 12 Months E Estimated A vertically integrated global real estate investment and services company. A premier consulting practice and the housing industry's leading provider of rich data for for the housing industry. Housing industry s most comprehensive research platform with real-time information all in one place and on-the-go zonda@meyersresearchllc.com (877)