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R.E. McCLOSKEY <br />& ASSOCIATES, INc. <br />February 3, 2010 <br />Mr. Jim WiNiams <br />Executive Director <br />Habitat for Humanity of St. Joseph County <br />402 East South Street <br />South Bend IN 46601 <br />RE: Appraisal of Vacant Commercial/Industrial Facility located at 2411 South Main Street, South Bend, <br />Indiana (Tax Parcel 18-8013-0601 } <br />Dear Mr. Williams: <br />In accordance with your request, I have performed an appraisal on the above captioned property. My <br />appraisal report is attached. The attached appraisal report has been prepared in conformance with the <br />Uniform Standards of Professional Appraisal Practice (USPAP). <br />The effective date of valuation of the property is the date of my last inspection of the property on <br />January 27, 2010. <br />Based on my inspection of the property, a review of public record information, and analysis of pertinent <br />market information, I am of the opinion that the market value of the fee simple interest in the subject <br />property is: <br />TWO HUNDRED FIFTY-TWO THOUSAND DOLLARS <br />~252,voo <br />I believe the attached appraisal report is self-explanatory, however, should you have any questions <br />or need additional information concerning the appraisal,- please do not hesitate to contact me. It has <br />been a pleasure serving your appraisal requirements in this matter. <br />Sincerely, <br />R. E. MC CLOSKEY AND ASSOCIATES, INC. <br />Richard E. McCloskey, MAI, SRA <br />Indiana Certified General Appraiser <br />License #CG69100490 <br />Real Estate Appraisers and Consultants <br />Richard s.1ltcCloskey, MAt, SRA 52872 Farmingdale Drive • Granger, IN 46530.574-272-4738 <br />.,.~ Email: dick@aerovisionphoto.com <br />