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APPRAISAL SERVICES,INC. <br /> 814 East LaSalle Ave <br /> South Bend, IN 46617 <br /> July 14, 2015 <br /> Mr. David Relos <br /> City of South Bend <br /> Department of Community Development <br /> 227 West Jefferson Blvd. <br /> South Bend, IN 4601 <br /> RE: PNA# 83 <br /> 2401 Western Avenue <br /> • South Bend, IN 46628 <br /> In accordance with your request,a real estate appraisal has been made on the above <br /> captioned property. My opinion of the market value of the fee simple interest of the real <br /> estate; subject to the assumptions, limitations,and comments appearing herein, as of July <br /> 10, 2015 the effective date of this appraisal is as follows: <br /> ONE HUNDRED FIFTY THOUSAND DOLLARS <br /> $150,000 <br /> This appraisal is performed in accordance with the reporting requirements of the <br /> Appraisal Institute, and the Uniform Standards of Professional Practice. (USPAP) <br /> Respectfully Submitted By, <br /> S WW 5r <br /> Steven W. Sante, MAI, SRA <br /> Indiana Certified General Appraiser#CG 40901229 <br /> Michigan Certified General Appraiser#1201005623 <br /> ii <br />