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CITY OF SOUTH BEND, INDIANA <br />DISPOSITION OF VACANT CITY -OWNED PROPERTY <br />BOARD OF PUBLIC WORKS <br />Date: June 11, 2018 <br />Property Address: <br />Calculation of Offering Price <br />1129 Lawrence <br />Tax Key No <br />Current assessed value on County tax records: $ 7,100 <br />Appraised Value (if required): Appraisal #1: $16,000 <br />(If assessed value is $6,000. of more an appraisal must be completed) <br />Estimated Appraisal fees Appraisal #1: $300 <br />018-5110-3893 <br />Appraisal #2: $11,000 <br />Appraisal #2: $350 <br />Estimated Title Insurance fees: $ 150 (not included in offering price) <br />(Title Insurance must be obtained by the purchasing party) <br />Estimated Transfer, Sales Disclosure Form, and Transfer fees: $ 40.50 (not incl. offer price) <br />Other Considerations (specify): Advertisement $ 40-90 (not included in offering price) <br />Less Maintenance Costs to the City: $ 350 <br />Calculated Offering Price: $ 13,150 <br />Signature and Printed Name of City Staff Member making calculations: <br />Andrew Netter, DCI Property Development Analyst <br />