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HomeMy WebLinkAboutL_Title Reports Sept 2020 Parcel A & B Drake LLA_210628_V1Subdivision Guarantee SUBDIVISION GUARANTEE (Third Revision) Guarantee No.: G-6329-000005794 Fee: $300.00 Order No.: 764787RT Effective Date: September 1, 2020 Issued by Stewart Title Guaranty Company (the “Company”), guarantees the County of King and any City within which said subdivision is located in a sum not exceeding $1,000.00 that, according to those public records which, under the recording laws, impart constructive notice of matters affecting the title to the land included within the exterior boundary shown on the map of the subdivision, the only parties having any record title interest in said land whose signatures are necessary, on the certificates consenting to the recordation of said map and offering for dedication any streets, roads, avenues and other easements offered for dedication by said map as referred to in the guarantee. Signed under seal for the Company, but this Guarantee is to be valid only when it bears an authorized countersignature. Countersigned by: Rainier Title, LLC Company Everett, WA City, State President Chairman of the Board Senior Chairman of the Board PresidentPresident Chairman of the BoardChairman of the Board Senior Chairman of the BoardSenior Chairman of the Board Guarantee Serial No.:G-6329-000005794 SUBDIVISION GUARANTEE SCHEDULE A Prepared by: Rainier Title, LLC Order Number: 764787RT Guarantee No.: G-6329-000005794 Effective Date: September 1, 2020 at 8:00 A.M. Premium:$300.00 Tax:$30.00 Total:$330.00 OWNERS: The directors for the benefit of creditors and stockholders of Lotus Investments and Management, LLC, a dissolved LLC, as to Parcel A; and Sylvia Drake, presumptively subject to the community interest of a spouse if married on December 29, 2016, date of acquiring title, as to Parcel B LEGAL DESCRIPTION: See Attached Exhibit A SUBJECT TO: 1. The Land is situated within the boundaries of local taxing authority of City of Renton. CAUTION: Washington has a graduated excise tax rate for sales occurring on or after 1/1/2020 for most properties, although a flat rate applies to properties formally classified and specially valued as timberland or agricultural land on the day of closing. The rate of real estate excise tax applicable to a sale prior to 1/1/2020, is 1.78%. The rate of real estate excise tax to a sale on or after 1/1/2020 for properties which are not formally classified and specially valued as timberland or agricultural land is: State portion: 1.10% on any portion of the sales price of $500,000 or less; 1.28% on any portion of the sales price above $500,000, up to $1,500,000; 2.75% on any portion of the sales price above $1,500,000, up to $3,000,000; 3.00% on any portion of the sales price above $3,000,000; Local portion: 0.50% on the entire sales price. An additional $5.00 State Technology Fee must be included in all excise tax payments. If the transaction is exempt, an additional $5.00 Affidavit Processing Fee is required. Any conveyance document must be accompanied by the official Washington State Excise Tax Affidavit. The applicable excise tax must be paid and the affidavit approved at the time of the recording of the conveyance documents. (NOTE: Real Estate Excise Tax Affidavits must be printed as legal size forms). SUBDIVISION GUARANTEE 2. Delinquent general taxes and charges: Year: 2017 Amount billed: $1,563.22 Amount paid: $0.00 Amount unpaid: $1,563.22, plus interest and penalties Tax Account No.: 619900-0126-07 Affects: Parcel A 3. Delinquent general taxes and charges: Year: 2018 Amount billed: $1,619.69 Amount paid: $0.00 Amount unpaid: $1,619.69, plus interest and penalties Tax Account No.: 619900-0126-07 Affects: Parcel A 4. Delinquent general taxes and charges: Year: 2019 Amount billed: $1,708.42 Amount paid: $0.00 Amount unpaid: $1,520.97, plus interest and penalties Tax Account No.: 619900-0126-07 Affects: Parcel A 5. Delinquent general taxes and charges: Year: 2020 Amount billed: $1,708.42 Amount paid: $0.00 Amount unpaid: $1,708.42, plus interest and penalties Tax Account No.: 619900-0126-07 Levy code: 2128 Assessed value of land: $151,000 Assessed value of improvements: $0.00 Affects: Parcel A Based on the Treasurer's records, the name and address of the last taxpayer/owner is: Lotus Investments & Management, LLC 134909 SE 237th St. Kent, WA 98042 6. Delinquent general taxes and charges: Year: 2017 Amount billed: $1,563.22 Amount paid: $0.00 Amount unpaid: $1,563.22, plus interest and penalties Tax Account No.: 619900-0127-06 Affects: Parcel B SUBDIVISION GUARANTEE 7. Delinquent general taxes and charges: Year: 2018 Amount billed: $1,619.69 Amount paid: $0.00 Amount unpaid: $1,619.69, plus interest and penalties Tax Account No.: 619900-0127-06 Affects: Parcel B 8. Delinquent general taxes and charges: Year: 2019 Amount billed: $1,520.97 Amount paid: $0.00 Amount unpaid: $1,520.97, plus interest and penalties Tax Account No.: 619900-0127-06 Affects: Parcel B 9. Delinquent general taxes and charges: Year: 2020 Amount billed: $1,708.42 Amount paid: $0.00 Amount unpaid: $1,708.42, plus interest and penalties Tax Account No.: 619900-0127-06 Levy code: 2128 Assessed value of land: $151,000 Assessed value of improvements: $0.00 Affects:Parcel B Based on the Treasurer's records, the name and address of the last taxpayer/owner is: Sylvia Drake 5140 S 172nd Ln. Seatac, WA 98188 10. Foreclosure costs, if any, resulting from possible tax foreclosure proceedings. Contact the County Treasurer’s office to determine whether there are any foreclosure costs which are in addition to the interest and penalties that may be due. King County Treasurer’s Office: 206.263.2649 11. Assessment: Original amount: $12,776.75 Interest: 6.25% From: February 1, 2006 Annual installments: 15 Levied by: King County For: Water and sewer L.I.D. No.: 0252 Account No.: 99999 Affects: Parcel A SUBDIVISION GUARANTEE 12. Assessment: Original amount: $12,776.75 Interest: 6.25% From: February 1, 2006 Annual installments: 15 Levied by: King County For: Water and Sewer L.I.D. No.: 0252 Account No.: 99999 Affects: Parcel B 13. Notice of tap or connection charges which have been or will be due in connection with development or re-development of the land as disclosed by recorded instrument. Inquiries regarding the specific amount of the charges should be made to the city/county/agency. City/County/Agency: Soos Creek Water and Sewer District Recorded: June 18, 2009 Recording No.:20090618000118 14. Lien for special connection charges which have been or will be due in connection with development or re-development of the land as disclosed by recorded instrument. Inquiries regarding the specific amount of the charges should be made to the city/county/agency. City/County/Agency: Soos Creek Water and Sewer District Recorded: April 20, 2017 Recording No.:20170420001198 15. The legal description in this commitment is based upon information provided with the application for title insurance and the public records as defined in the policy to issue. The parties to the forthcoming transaction must notify the title insurance company, prior to closing, if the description does not conform to their expectations. 16. We find no pertinent matters of record against Lotus Investments and Management, LLC, the vested owner of Parcel A. 17. Matters of record against the vested party of Parcel B, or persons with similar names. The vested party is Sylvia Drake. Numerous matters of record are found against persons with similar names. The effects of these matters, if any, on the subject property cannot be determined without further information. To determine the effects of these matters, if any, on the subject property, the vested party must provide the company with a properly completed identity affidavit prior to the date of recording. After the Company examines the affidavit, a supplemental report will be issued. 18. We find no conveyances within the last 36 months. NOTE: The Recording Nos. of the Deeds under which title is held are: 20161230001767 (Parcel B) and 20161230001967 (Parcel A). 19. All covenants, conditions, restrictions, reservations, easements or other servitudes, if any, but omitting restrictions, if any, based upon race, color, creed or national origin, disclosed by the recorded plat of Northwestern Garden Tracts Div. No. 5. 20. Unrecorded Short Subdivision, and subsequent unrecorded King County Legal Lot Status, and the terms and conditions, if any, thereof, as disclosed by King County Tax Roll. SUBDIVISION GUARANTEE 21. Easement and the terms and conditions thereof: Purpose: Ingress, egress and utilities Area affected: a portion of said premises As disclosed by: Statutory Warranty Deed Recorded: August 20, 1968 Recording No.:6394101 22. Easement and the terms and conditions thereof: Grantee: King County Water District No. 58, a municipal corporation Purpose: Water mains and appurtenances Area affected: a portion of said premises Recorded: October 2, 1978 Recording No.:7810020168 23. Agreement and the terms and conditions thereof: Recorded: October 6, 1978 Recording No.:7810060608 Regarding: Water service 24. Easement and the terms and conditions thereof: Purpose: ingress, egress, drainage and utilities Area affected: a portion of said premises As disclosed by: Statutory Warranty Deed Recorded: March 22, 1982 Recording No.:8203220316 25. Agreement and the terms and conditions thereof: Recorded: March 22, 1991 Recording No.:9103220786 Regarding: Road Maintenance 26. Temporary Use Easement Agreement and the terms and conditions thereof: Recorded: November 30, 2004 Recording No.:20041130000990 Regarding: Fence 27. Temporary Use Easement Agreement and the terms and conditions thereof: Recorded: November 30, 2004 Recording No.:20041130000991 Regarding: Fence and shed 28. Easement and the terms and conditions thereof: Grantee: Soos Creek Water and Sewer District, a municipal corporation Purpose: Sanitary sewer line and appurtenances and Water main and appurtenances (for future water main extension) Area affected: a portion of said premises Recorded: January 25, 2005 Recording No.:20050125000596 29. Covenant to bear in the cost of construction or repair of drainage, easement for which was granted over adjacent property by instrument recorded under Recording No. 20080306000502. 30. Matters set forth by survey: Recorded: March 21, 2013 Recording No.:20130321900001 SUBDIVISION GUARANTEE 31. Declaration of Covenant for Cost Sharing and the terms and conditions thereof: Recorded: June 20, 2014 Recording No.:20140620000879 This Guarantee and the legal description given herein are based upon information supplied by the applicant as to the location and identification of the premises in question, and no liability is assumed for any discrepancies resulting therefrom. This report does not represent either a commitment to insure title, an examination of or opinion as to the sufficiency or effect of the matters shown, or opinion as to the marketability of title to the land. SUBDIVISION GUARANTEE Order No.: 764787RT Guarantee No.: G-6329-000005794 EXHIBIT A Parcel A: The East 143 feet of the West 486 feet of Tract 6, Northwestern Garden Tracts, Div No. 5, according to the plat thereof recorded in Volume 47 of Plats, page 90, records of King County, Washington; (Also known as Lot B of Revised King County Short Subdivision No. 07257). Parcel B: Tract 6, Northwestern Garden Tracts, Div No. 5, according to the plat thereof recorded in Volume 47 of Plats, page 90, records of King County, Washington; EXCEPT the West 486 feet thereof; (Also known as Lot C of Revised King County Short Subdivision No. 07257); Together with a non-exclusive easement for ingress and egress over, under and across the South 30 feet of the West 343 feet of said Tract 6. Situate in the County of King, State of Washington. End of Schedule A SUBDIVISION GUARANTEE STG Privacy Notice 2 (Rev 01/26/09) Independent Agencies and Unaffiliated Escrow Agents WHAT DO/DOES THE RAINIER TITLE LLC AND STEWART TITLE GUARANTY COMPANY DO WITH YOUR PERSONAL INFORMATION? Federal and applicable state law and regulations give consumers the right to limit some but not all sharing. Federal and applicable state law regulations also require us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand how we use your personal information. This privacy notice is distributed on behalf of Rainier Title LLC and Stewart title Guaranty Company and its affiliates (the Stewart Title Companies), pursuant to Title V of the Gramm-Leach-Bliley Act (GLBA). The types of personal information we collect and share depend on the product or service that you have sought through us. This information can include social security numbers and driver's license number. All financial companies, such as Rainier Title LLC and Stewart Title Guaranty Company, need to share customers' personal information to run their everyday business—to process transactions and maintain customer accounts. In the section below, we list the reasons that we can share customers' personal information; the reasons that we choose to share; and whether you can limit this sharing. Reasons we can share your personal information Do we share?Can you limit this sharing? For our everyday business purposes— to process your transactions and maintain your account. This may include running the business and managing customer accounts, such as processing transactions, mailing, and auditing services, and responding to court orders and legal investigations. Yes No For our marketing purposes— to offer our products and services to you.Yes No For joint marketing with other financial companies No We don't share For our affiliates' everyday business purposes— information about your transactions and experiences. Affiliates are companies related by common ownership or control. They can be financial and nonfinancial companies. Yes No For our affiliates' everyday business purposes— information about your creditworthiness.No We don't share For our affiliates to market to you Yes No For nonaffiliates to market to you. Nonaffiliates are companies not related by common ownership or control. They can be financial and nonfinancial companies. No We don't share SUBDIVISION GUARANTEE We may disclose your personal information to our affiliates or to nonaffiliates as permitted by law. If you request a transaction with a nonaffiliate, such as a third party insurance company, we will disclose your personal information to that nonaffiliate. We do not control their subsequent use of information, and suggest you refer to their privacy notices. Sharing practices How often do/does Rainier Title LLC and Stewart Title Guaranty Company notify me about their practices? We must notify you about our sharing practices when you request a transaction. How do/does Rainier Title LLC and Stewart Title Guaranty Company protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal and state law. These measures include computer, file, and building safeguards. How do/does Rainier Title LLC and Stewart Title Guaranty Company collect my personal information? We collect your personal information, for example, when you request insurance-related services provide such information to us We also collect your personal information from others, such as the real estate agent or lender involved in your transaction, credit reporting agencies, affiliates or other companies. What sharing can I limit?Although federal and state law give you the right to limit sharing (e.g., opt out) in certain instances, we do not share your personal information in those instances. Contact Us If you have any questions about this privacy notice, please contact us at: 2722 Colby Avenue, Suite 125; Everett, WA 98201, or call 888 828.0018 Order No. 764787RT  N This sketch is provided without charge, for your information. It is not intended to show all matters related to the property including, but not limited to: area, dimensions, easements, encroachments or location of boundaries. It is not a part of, nor does it modify, the commitment/policy to which it is attached. The Company assumes NO LIABILITY for any matter related to this sketch. Reference should be made to an accurate survey for further information.