Dean Carlson Somerset Property

reSpace-as-a-Service Proposal


Transform your property into a high-performing asset and a new custom home

through our patent-pending reSpace model.



Call or Text Us

Summary

1

Unlock Value Without Selling Your Home

Your Somerset property can generate meaningful liquidity and ongoing income by selling a single private suite, rather than renting the ADU or selling the entire home.

2

Sell a Suite, Not the House

Instead of remaining a landlord, you sell a defined ownership interest in the self-contained apartment you have built to an owner-occupant, while retaining majority ownership and continue to benefit from long-term appreciation.

3

reSpace as a Service

reSpace manages the structuring, buyer qualification, legal setup, and ongoing operations through one coordinated process that reduces complexity and risk.

4

Value to Liquidity

Based on current market data, your property is estimated at approximately $1.95M. Applying a conservative reSpace model uplift results in an implied value of about $2.145M, supporting a private suite value of roughly $730K.

5

Predictable Ongoing Income

This structure delivers monthly cash flow of approximately $4,924, exceeding existing rental income.

6

Lower Effort, Long-Term Upside

You retain control, reduce operational burden, and continue to benefit from long-term appreciation on the majority of the property.

Your Role

You do not manage tenants, coordinate vendors, or oversee repairs. reSpace handles day-to-day operations on your behalf.

The Details

Proposal

reSpace will structure and manage the sale of a single private suite within your home. This includes buyer sourcing, financial structuring, legal coordination, and ongoing management of the co-ownership relationship.

How This Works

You sell approximately 34 percent of the home as a private suite to an owner-occupant rather than a renter, while retaining 66 percent majority ownership. The buyer lives in a full, self-contained apartment within a $2–3 million Somerset neighborhood, gaining the stability and pride of ownership. Day-to-day operations are handled by reSpace, including vendor coordination and reserves management, with costs covered through buyer monthly fees.

Suite Definition

We define and legally structure sale of a self-contained private suite representing approximately 34% of your property's square footage.

Buyer Sourcing

reSpace sources and qualifies owner-occupants seeking premium Somerset living at an accessible entry point.

Retained Ownership

You maintain 66% majority ownership and continuing to benefit from long-term property appreciation.

Ongoing Income

Generate estimated annual cash flow of $59,088 (~$$,024 monthly) without operational hassles.

Why This Works

This approach works because it converts a portion of your home into a high-performing ownership asset rather than a rental. You receive immediate liquidity, strong ongoing income, and reduced operational burden, while maintaining majority ownership and long-term appreciation in one of Bellevue’s most desirable neighborhoods.

The Numbers

with the reSpace Plan


Costs Shifted Off You

Buyers cover their share of:

  • Landscaping
  • Ongoing maintenance and handyman services
  • Property reserves
  • Professional management through reSpace

Improve Cash Flow & Exit Flexibility

  • Exceeds current rental income of approximately $3,000 per month
  • You retain the first right to buy back the suite in the future
  • reSpace can act as a ready buyer if you choose to exit

The Marketability

Home Location Strength

Somerset is one of Bellevue’s most established and sought-after neighborhoods, supported by strong schools, limited inventory, and long-term homeowner stability. Homes in this area consistently command a premium relative to nearby neighborhoods, with buyers willing to pay for location, neighborhood character, and long-term value. This demand creates a stable and resilient ownership market rather than a price-sensitive rental market.

Rare Somerset Purchase Opportunity

Ownership opportunities in Somerset below full single-family pricing are extremely limited. A self-contained private apartment within this neighborhood represents a rare alternative for buyers who want ownership rather than renting, but cannot or do not want to purchase a $2 - $3 million home outright. The existing apartment at 4476 offers privacy, independence, and immediate livability, making it highly attractive to qualified buyers and well positioned for sustained demand over time.

Contact reSpace

www.reSpace.co

206-222-6322

123 North 35th Street . Seattle . WA 98103

Confidentiality and Copyright Notice This document and any accompanying materials contain confidential and proprietary information belonging to reSpace Inc. They are provided solely for evaluation and discussion by the intended recipient and may not be copied, shared, or distributed without prior written consent from reSpace Inc. All concepts, structures, and models described herein are the intellectual property of reSpace Inc.

© 2025 reSpace Inc. All rights reserved.