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DOUGLAS L. CARPENTER <br />AND ASSOCIATES <br />922 E. Jefferson Blvd. <br />South Bend, IN 46617 <br />June 24, 1993 <br />Sandra M. Parmerlee <br />Clerk <br />Board of Public Works <br />Board of Public Safety <br />1308 County -City Bldg. <br />227 West Jefferson Blvd. <br />South Bend, Indiana 46601 <br />Re: Appraisal of 118 Burns <br />Dear Ms. Parmerlee: <br />As per your request on June 15, 1993 I have made a special on -site inspection of <br />the above addressed property. The legal description of this property is: <br />Lot Numbered One Hundred Five (105) as shown <br />on Hartman and Miller's Plat, an Addition to the City <br />of South Bend, and more commonly known as 118 <br />Burns St. <br />This property is assessed at $5,070 tax year 1994 payable 1994: previous <br />assessment was $400. (Note: In this appraiser's opinion, this new assessment <br />appears to be erroneous.) The property is zoned A - Residential. <br />Subject property has some value in that it is located near Notre Dame and the <br />North East Neighborhood. A parcel in the North East section of South Bend, <br />corner Northwood and Coquillard sold in 1992 for $2,500 or 270/sq. ft. Other <br />properties as far back as 1989 - corner Napoleon and Hill - sold in the 250 per <br />square foot range. Subject area is inferior to the other lots, surrounding building <br />values, etc. Thus the value estimate for subject arceI is: <br />_ . Y <br />Seven Hundred Fifty ($750.00) DoIars <br />The property rights being appraised are those of fee simple ownership. The <br />appraiser assumes no responsibility for matters legal in nature, and does not <br />render opinion of title, which is assumed to be marketable. <br />Information furnished by others is believed reliable and has been verified where <br />possible, however, this data is not warranted. <br />IN ITN SS WHEREOF, The said undersigned, as Sher ri aforpsaic his hereunto set his hand and <br />