RockSpringCluB-Hendricks Appraisal.pdf

SCOPE OF THE ASSIGNMENT The accompanying report is an estimate of the Market Value of the fee simple estate. This document is a formal appraisal prepared in a narrative type reporting format. In my opinion, it is as complete in detail and content as the assignment warrants. The appraisal is designed to supply the reader with a description of the property, its location and the basis of valuation. The report has been prepared in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP). The statement outlining the scope of the assignment including the specific analyses presented in this report will cover the following: 1) 2) 3) 4) 5) §) 7) 8) 9) The fee simple estate or right to be appraised and the effective date of valuation. A description of the property which is the subject of the appraisal. An opinion as to the highest and best use of the property. An opinion of the subject location and its neighborhood. A discussion of the valuation methods available and appraisal techniques employed in the appraisal and used as the basis for the opinion of value. An analysis of the appropriate valuation indicators in summary form into the final estimate of value. Certain exceptions are mentioned elsewhere in the report and the reader is directed to the limiting conditions of the report No opinion is conveyed or offered as to the structural soundness of the existing improvements, the condition of the soil or the ownership/title of the property. The scope of the assignment is limited to our opinion of market value as defined elsewhere in the report. fl e | asus Al =a8 a & RESEARCH