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HomeMy WebLinkAbout#2562- Deed; QUIT-CLAIM DEED Haney's Addition 210 East BroadwayMAIL DEED TO: MAIL TAX BILLS TO: r THE CITY OF SOUTH BEND, INDIANA the Grantor Release and Quit -Claim to FERNANDO OROZCO the Grantee ce FYRla NT fT. Jeff FN COUNTY, INDIANA AffOCIATION ■ROrKRTY FORM Ia] — 1*74 AUDITOR'S RECORD Transfer No. Taxing Unit Date - O for and in consideration ofONE HUNDRED ($100 . 00) and other valuable considerations the receipt of which is hereby acknowledged, Real Estate in St. Joseph in the State of Indiana , described as follows: County, }` Key No. 18-7025-1008" ` 206 E. Broadway Lot 75 Haney's Addition except 20' x 50' Southwest Cornier . Key No. 18-7025-1007 t 210 E. Broadway - Lot 76 - Haney's Addition This conveyance is made so long as the lot is not used as a building site for the purposes of a new,.;single-family m onstruction site { zr .ram• DULY ENTERED FOR TAXATION BEVERLY D. CRONE 'FaL1 AUDITOR ST. JOSEPH CO. INDIANA Signed and dated on State of Inds ana , St Soseph- County, ss: Before me, the undersigned, a Notary Public in and for said County and State, personally appeared: -- oseph E. Kernan, Mayor, and I.epe. K. Gammon, City Clerk, :.•,zr.r,O'�' the ,City of South Bend {\ �1 ' a) acNowI the execution of the foregoing deed on ,•Nbiary Public •sags � , y O ,^ r z;sicient of St. Joseph County, IN • - • � � ' 7�.YPtd of pr'/e(r'd name , , . �,., My cor rr c'syion expires r1()'; 4�21' i'tirTLI!,: G7'f�`f]~ •�F LND.I�1—NA��, C'JJ iJ I yrj�f+r.Jj,lc17 Areparati`iAnne E.irrefT'eeI' ' p;Ssi At orn , 19-9--y—. CIT UTH BEN , INDIANA o ura Joseph E. Kernan, Mayor Typed or printed name ATTEST Signature 1-3 Irene K. Gammon CityClerk Typed or printed n cZr, r Signature Typed or printed name Signature Typed or printed name At-t-nrney, 1 doll � a tT7_r, ; eyatLala South Bend, IN (7101 7')r,_.n rl A J ng , ES 353G(W FILE NU S I Fl I- Fri - - :11RO i THIS AGREEMENT, entered into_Ot day of (Ddhy� 1995, by and between Fernando Orozco, hereinafter referred to as the "Buyer," and the Civil City of South Bend, a municipal corporation of the State of Indiana, hereinafter referred to as the It 11 City. WITNESSETH: WHEREAS, I.C. 36-1-11 establishes the procedures for the sale and rental of real Property owned by the City of South Bend; and WHEREAS, the Board of Public Works (hereinafter referred to as the "Board") is empowered to carry out the provisions of said statute; and WHEREAS, the Board has determined that: 1. The highest and best use of certain real property owned by the City is by sale to an abutting landowner; 2. The cost to the public of maintaining said real property owned by the City equals or exceeds the established fair market value of said real property; 3. It is economically unjustifiable to sell real property owned by the City in accordance with the procedures set forth in I.C. 36-1-11-4. WHEREAS, the Board has determined that the assessed value of said real property is Iess than TWO THOUSAND DOLLARS ($2,000); and WHEREAS, the Board appointed a licensed independent appraiser who appraised the Particular real property; and WHEREAS, based upon the appraisal submitted, the Board has established an offering price for the said property, and published notice of its intention to sell said property at said price; and WHEREAS, pursuant to I.C. 36-1-11-5, the Board is empowered to negotiate and sell said real property to the abutting landowner who submits the highest offer for said real property; and WHEREAS, the offer of the Buyer in the amount of One Hundred DoIIars ($100.00) was offered and accepted as the best offer for said property. NOW, THEREFORE, it is agreed by and between the parties hereto, and for and in consideration of the promises and the mutual covenants herein contained, as follows: 1. The City agrees to sell and Buyer agrees to buy the following properties located in St. Joseph County, Indiana: Key No. 18-7025-1008 - Lot 75 - Haney's Addition - 206 East Broadway Key No. 18-7025-1007 - Lot 76 - Haney's Addition - 210 East Broadway for the sum of $100.00. closing. 2. Buyer agrees to pay the purchase price and recording fee in full at the time of J. Buyer agrees to pay an title and abstract costs involved in said transaction which it shall desire or request. 4. The conveyance of the aforementioned real property is made so long as the Iot is not used as a building site for purposes of a new, single-family construction site. 5. At the time to closing and after a submission of a receipt for the total purchase price has been submitted by the Controller to the Board of Public Works, the Board shall cause a Quit -Claim deed to be prepared, which deed shall be signed by the Mayor and attested to by the City Clerk with the Seal of the City affixed, which shall then be recorded with the St. Joseph County Recorder's Office. BUYER: J nLs, Il Fernando Orozco 0bd0rPW%PWPLLTC3.ab CITY OF SOUTH BEND BY ITS BOARD OF PUBLIC WORKS oftn E. Leszcynski, siWdent ames . Caldwell, Men4ber i Jenny Pitts er, Member ATTE Angela K. acob, Clerk Board of Public Works Date: 1 D 11 b. (qy- City of South Bend Joseph E. Kernan. Mayor Board of Public Works May 23, 1995 Mr. and Mrs. Fernando Orozco 204 East Broadway South Bend, Indiana 46618 Dear Mr. & Mrs.Orozco: The South Bend Board of Public Works has determined that the vacant lots at 206 East Broadway and 210 East Broadway arcs not needed for any public purpose and that the cost to the public of maintaining the lot equals or exceeds the estimated fair market value of the property. The Board has also determined that the highest and best use of the lots are to sell to an abutting landowner. On May 15, 1995 the Board scheduled the opening of sealed bids for the sale of 206 East Broadway and 210 East Broadway. No bids were received which equaled or exceeded the appraised value of the property, which has been determined to be $450.00 and $650.00 respectively. The Board is now obligated by statute to contact all landowners that abut the lots to see if any are interested in negotiating for the purchase of these properties. Our records show that you own property that abuts the lots in question. If you have any interest in purchasing the lots described above, please contact me by letter or telephone on or before Friday, June 2, 1995. My telephone number is 235-9251 and my mailing address is: Board of Public Works, County -City Building, Room 1309, South Bend, Indiana, 46601. If I do not hear from you by the date set out above, I will presume that you have no interest in purchasing the property. Sincerely, Angela KAacob, Cletk 1308 County -City Building • South Bend, Indiana 46601.219/235-9412 • TDD (219) 235-5567 John E. Leszczynski lames R. Caldwell Jenny Pitts Manier z.0 Q) a044 �. Gr-OC lLOC�f Cenci Groadwa.y ark. 9 6 (o 1 Fkne,',::Plq- a8g-':PSaO�- -),a n K YO L� WHEREAS, the Board of Public Works of the City of South Bend, Indiana, has compiled a current detailed inventory of all real property owned by the City of South Bend; and WHEREAS, the Board of Public Works has reviewed said inventory of real property and it finds that a certain parcel of real estate now owned by the City of South Bend is not necessary to the public use and is not set aside by State and City laws for public purposes; and WHEREAS, the Board of Public Works finds that the property described below has an assessed valuation of less than $2,000.00, that the cost of maintaining said parcel equals or exceeds the estimated fair market value of the parcel, and that the highest and best use of the Parcel is sale to an abutting landowner. WIMREAS, the Board of Public Works now wishes to take the necessary action to make it possible for the Board, in the future, to sell said parcel of real estate pursuant to State statutes. NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works of the City of South Bend, Indiana: I . That the parcel of real estate owned by the City contained in the following list is not necessary to the public use, is not set aside by State or City laws for public purposes, that the cost of maintaining said parcel equals or exceeds the estimated fair market value of said parcel and the highest and best use of said parcel is sale to an abutting Iandowner: 206 E. Broadway 9308865 Lot 75 - Haney's Addition Key Number 18-7025-1008 210 E. Broadway 9217730 Lot 76 - Haney's Addition Key Number - 18-7025-1007 ADOPTED this 24th day of April, 1995. BOARD OF PUBLIC WORKS go E. �Leszczyns , esident Jame . Cal Well, mber enny Pitts anier, Member EST• Ange.I . Jacob, Clerk NOTICE TO BIDDERS SALE OF CITY -OWNED PROPERTY Notice is hereby given that the City of South Bend, Indiana, through its Board of Public Works, is offering for sale the following parcel of real estate located in South Bend, Indiana: 206 E. Broadway (Key No. 18-7025-1008 Lot 75 - Haney's Addition and 210 E. Broadway (Key No. 18-7025-I007) Lot 76 - Haney's Addition More specific information concerning these properties and the City's offering price is available in the Office of the Board of Public Works, Room 1316, County -City Building, South Bend, Indiana. Bids to purchase said parcels must be received in he Office of the Board of Public Works, 1308 County -City Building, South Bend, Indiana, or on before Monday, May 15, 1995, at 9:30 a.m. At that time, a determination will be made by the Board as to the sale of this parcel. Pursuant to State statute, this property may not be sold to a person who is ineligible under Section 16 (I.C. 36-1-11-16). Additionally, an offer to purchase property submitted by trust must identify each beneficiary of the trust and settlor empowered to revoke or modify the trust. The Office of the Board of Public Works will record the appropriate Quit -Claim Deed in the same of the successful purchaser with the St. Joseph County Recorder's Office. The recording fee will be added to the final purchase price. BOARD OF PUBLIC WORKS Angela K. Jacob, Clerk Publish Two (2) Times: April 28, I995 May 5, 1995 'rA X 1 Ft0 1-05 REAL PROPERTY — LEGAL DESCRIPTION '! 14 / 4. DD 7D13UL%DD L%DL%ODDI_PDDDD f1DL}DDDDOL7DO17D£%O17DD T_?DDDD:ry 3 I nnrii r v only "EGC when done viewing 3 0,DDP,C,I DDT'L �.�DDE,IL7l.�L3l.:L�L�L�DT_ D i.�Z�27DL�D CDT_�1�L7%aT�i�`DDDD13�.1�?11}'' I. h11.11.1i•ff`11.1l�1f•11.1!•1F•ff`11'11�f`1t•1!•1!`1f•1P11.1!•1h1P11.1t•1f`11`1t•1I`11.11.11.11.1f`11`11`1P1h1!•1h1f•11.1t`11.1P11.1!•11.1t•11`1.' r #} ✓Ei 1c"ti�'7 TAX 1995 PAY 1996 i s C7TY OF SOUTH BEND./BOARD DF PUBLIC RM 130,8 COUNTY —CITY E(LDG n SOUTH BEND. IN 46601 GPDDi..'.Oi1DDirDDVDV1'T7i?DCtaiaDL?DD DnDDi?LaDDDDIaI7r}DDDDt;DDODDVI-c LEGAL DESC 1: LOT 76 ' 4e ' 6: i111!111 Hf`1 f•1/11.11•tfil•11.1milli !`111 milh11•if•11.11`11.1t•1 f`1111`111!1f1111`11`ffff11111f1i`f11!1P1!1!111!`1fi111�;' Fi1 Bl-l1ina In+orrsiation .F6' Legal. 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Mayor Board of Public Works October 4, 1995 Mr. Fernando Orozco 204 East Broadway South Bend, Indiana 46618 RE: Purchase City -Owned Properties: 206 East Broadway and 210 East Broadway Dear Mr. Orozco: The Board of Public Works, at its meeting held October 2, 1995, approved your request to purchase the two (2) vacant lots at 206 East Broadway and 210 East Broadway. Enclosed are three (3) copies of a Purchase Agreement for the vacant lots at 206 East Broadway and 210 East Broadway. I would appreciate your signing all three (3) copies of the Agreement and returning them to this office at your earliest convenience. Also, please sign the enclosed Disclosure of Sales Information forms where indicated and return these forms with the Agreements_ A completely executed copy of the Purchase Agreement will be forwarded to you after approval by the Board of Public Works. At this time, please submit a check in the amount of $124.00 made payable to the City of South Bend. For your information, this amount consists of the $50.00 for each lot which you offered for the properties, plus $7.00 each to record the Quit -Claim Deed with the St. Joseph County Recorder's Office plus a $5.00 each fee for the St. Joseph County Auditor to file the Disclosure of Sales Information Form. I will forward to you the Quit -Claim Deed after it is recorded with the Recorder's Office. If you have any questions regarding this matter, please do not hesitate to contact this office. Sincerely, Angela K. Jacob, Clerk Enclosures c: Anne Bruneel, Legal Department 1308 County -City Building • South Bend, Indiana 46601. 219/235-9412 x TDD (219) 235-5567 �ft John E. Leszczynski James R. Caldwell Jenny Pitts Manier Appraisal Group, Inc. Borrower SOUTH BEND $, OF PUB. WIC LAND APPRAISAL REPORT File No. 1234567 D Property Address 210 BROADWAY Census Tract Map Reference 8 13 C City SOUTH BEND CoumyST , JOSEPH Legal Description L76 HAjJEYS ADDITION state IN. zip 46601 OT Sale Price $ N_LA Date of Sale N/A Loan Term N A yrs. Property flights Appraised Actual Real Estate Taxes $ N/A a Feo ❑ Leasohofd ❑ Do Minrmis PUD lyr) Loan charges to be paid by seller S N/A Other sales concessions N/A Lender/Client BOARD OF PUBLIC WORKS Address 13TH FLOOR CO. --CITX BLDG Occupant VACANT LAND Appraiser CARPENTER Instructions to Appraiser MARKET VALUE Location 1XIU Built-up Urban ❑ Over 75% Suburban fX-1 25%10 75% Rural ❑ Under 25% Growth Rate ❑ Fully Dev, ❑ Rapid ❑ Steady a Slow Property Values ❑ Increasing ❑ Stable Declining Demand/Supply ❑ Shortage ❑ In Balance X❑ Oversupply PP Y ` Marketing Time ❑ Under 3 Mos. ❑ 4-6 Mos. Over 6 Mos. Present Land Use 10 %1 Fly 10 % 2-4 Family � % Apts. _ % Condo % Commercial - — % Industrial 80 % Vacant % Change in Presonr Land Use QNot.1-11 _ ❑ Likely (•I Taking Placef-) (•) From VACANT TOPUBLIC USE Predominanr Occupancy ❑ Owner ® Tenant Single Family Price Range 9 to S % Vacant Predominant Value S Single Ferri Age yrs. to yrs. Predominant Age yrs Good Avg. Fair Poor Employment Stability ❑ 0 ❑ ❑ Convenience to Employment ❑ ❑ ❑ Convenience to Shopping ❑ ❑ ❑ Convenience to Schools ❑ FX1 ❑ ❑ Adequacy of Public Transportation ❑ ❑ ❑ Recreational Facilities ❑ ❑ Adequacy of Utilities ❑ ❑ Property Compatibility Protection from Detrimental Conditions Police and Fire Protection ❑ 50 ❑ ❑ General Appearance of Properties ® ❑ ❑ Appeal to Market ❑ ❑ ❑ Comments including those factors, favorabfe or unfavorable, affecting marketability (e.g. public parks, schools, view, noise): SUBJECT NEIGHBORHOOD IS LOCATED NORTH OF A PREVIOUS MODEL CITIES PROJECT- WHTCH T)FMnT TQU1 to MA KTV ---- -- �+-.+✓�.c�.L runl,,L lr YLCVti#tAM tIAS INTTIATED NST. Dimensions 0 X 153 APT CO 6,120. Sq. Ft. or AAM Zoning classiticationB- BUSINESS Corner Lot Present improvements do Eldonot conform to zoning regulations Highest and best use ❑Present use Q other (specify) PUBLIC SERVICE m Public Other (Describe) Electricity Gas R1 Water O San. Sewer W ❑ Underground Elec. & Tel. Comments (favorable or unfavorable ' I Topography FLAT Size FAIR Shape IRREGULAR MAN AN Drainage AVERAGE Is the Property located In a HUD Identified Special Flood Hazard Area? No ❑ Yes e udmg any apparent adverse easements, encroachments or other adverse Conditions): THERE APPEARS TO BE NO UNFAVORABLE OR ADVERSE EASEMENTS WHICH AFFECT SUBJECT PROPVPTV The undersigned has recited three recent sales of properties most similar and proximate to subject and has considered these in the market analysis. The description includes a dollar adjustment reflecting market reaction to those items of significant variation between the subject and comparable properties If a significant item in the comparable property Is superior 10 or more favorable than the subject property, a minus f-) adjustment Is made thus reducing rho Indicated value or subject: if a significant item in the Comparable is inledor ro or less tavorablu than the su0'lact Property, a plus (+) adjustment is made thus increasing the indicated value or the subiou. ITEM Address Date of Sale and Time Adjustment Sales or Financing Concessions Indicated Value of Subject Comments on Market Data: SUBJECT PROPERTY I COMPARABLE NO 210 BROADWAY 1606 WENGER A DESCRIPTION 40 WA' R ION + nei,�r COMPARABLE NO. 2 SE CORNER HILL ST. DESCRIPT —V— RAGE -250 X 162 _snn COMPARABLE NO. 3 KALEY ST BTWN LWW & HUMBOLT SO. BEND BETTER NEIGH'HOOD s1 000 s .19 MLS DATA DESCRIPTION i Ad us 1985 T AVERAGE - 40 X 132 WATER SEWER A_PPQ 9�1[III�■.11'Ji��i --L, rJV I_ L. IPlus IX Minus Is - 650 e1�s� zo.Q 's 750 500 NO 1 IS MORE COMPARABLE TO SUBJECT. Comments and Conditions of Appraisal: SUBJECT IS AVAIIABLE FOR DEVELOPMENT AND HAS GOOD FRONT TO DEPTH RATIO. Fjna)ReConclitatfon; THE SUBJECT MATTER OF THIS APPRAISAL RELATES MORE DIRECTLY TO NO 1 COMP BECAUSE IT IS ,LASER IN LOCATION THAN THE OTHR.RS_ I ESTIMATE THE MARKET VALUE, AS DEFINED, OF SUB CT PROPERTY AS OF APRIL I 1 19 95 to be s 650.00 Appraiser(s) Review Appraiser (if applicable) DOUGLAS L. VC ENT X❑ Did ❑ Did Not Physically Inspect Property 5187-1 MCS, Richardson, TX 75081 (214) 699-7783 MCS Pnrm 1 an 5/8 Owner/Occupant Property Address City Lender/Client PHOTOGRAPH ADDENDUM County =ram-� ;'� r,i� .�+ �'�•IqT' - I f File No State Zip Code FRONT OF SUBJECT PROPERTY REAR OF SUBJECT PROPERTY STREET SCENE ._- �.. r �Pt_ /�JNS,�JIIrYLV<aN1�! z--- AVE _p h PET/NS Yl r/.-�----- v t ° (. 71 3i - 5°-r 9 I 37 /0�:4• �� � � 'cs I k •Gl.I'`-- �6G SS r fa �� .. --r, r5.75 �� _. 1 I V"`\� J L t i 7 `O ram. \ t. O o ,t 0 0- vt 17• g �C V ° oo J —�y t`y � �'•� .. -7 ^g . I .K I � `2` V C{i p O 1 �4 O C -0223 — v : 1 -IVG6 c �. �� y �Q Ul cY 'o Cf v� o•i3 r� Qj L- i r 4 -:0G7 �7'/ !k ad,� I is I$ i o h h 11 � `-•r r � " N /030• r1 n �n 18-7026� -O?2'. 41, 47 r ° ° 3ROADWAY I :- — — m o ��o - �al04 v44 _0'qo 8 0-/00 fo I5h � j lro9 Zr D -0?44 �^ 15� �, 7-/058 F• oa�rG.b� � = B -Io59 is ti _ is° O� I 4-0269 5 -027o — �r� 07c `Q 4 /5s° 14-097S np /010 - H 15097� 5 ISo !� E . 4"'soCZ) g w� 0 44 v 1-/17NFY 41 h o Izid � f\ o o Ri o- n nl r Cj C1c nl 0 �9 O 71 P , 6 p a o o o q 45,4 43 � 0 43 40 6-13F Po R TAL E.�/2 NAq.1/4 :SEC. I r • ! smgrc Frmrry .rr, "fieYj 0 None .••None z r r Duplra 0 0 3 r 1 Tnprea ' l i 1 Unfinished T 4 F f 4-6 Fam;l y 2 B1•Level 1 Z h Finished 2 'i 2 p l 1 3 hi -Leval 3 Ya Finished 3 v, Row -Type ' z 3 Construction 4 Finished 4 Full 4 1 FrameBase Area Floor 'I•"A r tl.+a, 2 Stucco Or Aluminum Ilrn Value 3 Tile 4 Concrete Block Metal 6 6 Concrete 7 Brick - Atlit B Stone _ 9 Frame w Masonry Basement Rooring Crawl Asphalt Shingles TOTAL BASF I I Raw -Type AgaMnienl dale or Tile I I SUBTOTAL Metal I I Unim. Inrerw, I - Floon; l Erlra Em Un+fs j+I Earth B 1 2 Rec Room I.I Slab I l l l r l l l Fireplace I.I Sub 8 Jol51s I I I I I 1 1 1 No Healing I' I [ 1! I! I I! All Candltramnq I+I Wood I I l I f l l l Prumbrnq TF 5 ece Parquet I I I I I I I No Piumb,ng I_ I r l l I I I I SUB -TOTAL. ONE UNIT Tile l r I r l l 1 Carpel SUB -TOTAL. UNITS l i l l f l 1 1 Unf righed integral Garage I _ i i I I 1 I I Attached Carage I .I lnlerior Finish B T 2 Plas[er or p I l l f l 1 1 1 Alra&ed Car I. I ry Walf Paneling basement Garage I. 11 1 1 1 1! I Etlenor Features Fiberboard f l 1 1 1 1 1 1 SUB i07AL I I l f l l l Grade Fauar I l Unfinished 1 r I + I I I I ALcOmmpdalluns RePmducnon Cali U T Fi N 70131 Number of Rooms Bedrooms Ip Story Consl SUMMARY OF IMPAOVEMENTS Family Room Of Use pw¢Iling iel hl g T1Pe made Year Cgnp. Year Remod. Cand Heigh. Base Rate Features Adj Rare Site ar Area Reprodu[I+on Ph Ys Remaindrr Formal Oininq Room 02 ' - - — — Dbsl Cosr Depr. V. Oepr rrua rat value 03 _ Rec. Room TYPe 04 Area as Flleplace Slacks 06 Openings gala Cpllectdrrpale Healing S Air CDndilianlnif �}} Appraiser Date i Cell; at Warm Air �!.I / Tap ""l twb. uuutlea $imer Rd F; r 1� nv - • ' ` l i Supplemental Card Improvement rola! ' N or . Neighborhood HDI Walt or Steam i� Lever ix w.nr' I 1',Kd PROPERTY CLASS a Ranaenu,l Total T TTaZ•, rue Imprvvemenl Value j LAND D0.TA AND CDMPUTATIDHS • H'gh seer I U-0—d Ix slalre o-.'•-a a..•.9 L, nd Actwt CHe cure Erlech- Dem, ON I 1 ', Lv« NN No Heating 'R Gas j I Proposed I OeCLofnp r r.�.,.w "•.,y '""r'� O ^—'-, Tyod Fmmli a F—Fillie Depth lac ar Base Rare ' Adrmred n,Ie (-tended y„oe lnlruenCe Facror Rallng :� Flectn City Ix Sode+vara r- lGra•rily WaV45pacel 1 Coco"^.^ tik" True Till, value i , 4 1 l s Cenuat Air Cond WamPr P "" I Alley - Dngh,ea w•.�e o, r, .,^ vlx+•me —r h.=. Land Type Plumbing u TIF II n n» .,.. -- I 1._ _. r rromlal Topography Fun Baths t Topography �"".^ '""•" Adxa R ReaT Lot Nall Oaths 2 Under improved sa Fr Aces Kdohca Smh 3 Undeveloped 3 E.cess Frontage 9 Hameshb A Shape Water VALU0.T rON RECORD Tearnue L.na y,rue -''-' • Hrlter or $qp D other 5 Mm E.I,a Fnlute� ,SimpravCCnl Assessment Year 19 G '! 19 Raasbn far Change 19 19 t tld Plumbmn - TOTAL 6 Restrictions RCvalualldn TRUE TAX VALUE Land r9 Rotes TUrJ�E�{ Q(�rE1 r^ 9 Other l/`6%c tmprOvemQnlS TAV Jf14 L' 0 7878 i .1 _, q- 9D Total "c Ij ASSESSED VALUE Land h� 1(t improvements :lint :Iiir : Description iota! Ex[enor Amount pale OWNERSHIP: II Interior DATE 1 Kitchen =}ItERICFIN CAM TRANSFER OF UWNERSHIP ' Bath F3trld+e; i ,I: /-?-/ D S Plumbing Sys. i Heating Sys 6F '// VrJ �iT - ! rj r-- )U / . ' !.� Eleclncal Sys. ,'v ,� •'. 1 Extensions Legal Description ,, l(Arl . Y S I! Ll D Property class �q LegdrDl5c. 1 017 76 NAr,Ic y') 400 Map Ref_ Properly Address . 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W O m C C r b N ... ? m L E Z Q) v m .. 0 .+ w m C N M N 0 lD m O N N N i Itl .m N= m a m 0 "✓ W✓ 7 0 N 0 m ?i m p (n O Y -p O O) C N m O v d y p C O •� m N W m .� m m �' •N w0- .N m E U m :° m 'U' E n N> a 0 N W O> O L a) m@ C D m- U Q i7C C C p0 Lb: �dmc C)Rm00 z�aO-NOQ.�mQ-�V cQ�m`rcm=Q Zc�d)z yNmoU E �a"d a7 '"acca ��m Gan• ymG bm Ev9A�y3• C-2 vcoa _O O ?. 7 m a U i U O 4 y mE M Q p" p` a m m U d� m C m 0.� C m L W 3 Q Q b L m r >• � L •,- O C •p m p y Z a U O> 7 0 0 O Q onA `° m Noc UQcQc�o< O a)m 0c� Oo c>m�>rCL E .c m0EEr' ci w 75 O U E m E m m 4 m o •-. -c LnO m~ N U U N N U •� L Ott O Q N r d Q N b d O 0 N r •2 aD aFi S _Zmd my yp m o LL me aioo yd__ CD v_ N rr" `°riad0104o m0 w oU m3 °)r LL m [i Q) m �' C R O m- 4� m ~ 9~iu 0F•- 04 y~tea vmi'� ZL,� y pN [^ R r G 111pa)`a c -0 U'°i CC riNCm NU 'c00 r- O os Q C O p Q ,C m m m W T C m ,Q) C (h m .° y to m L (v c �1 0 b �' 0 O m N c0 C N ■ d v m U V N d m Q U m p m C N o U) CO "C Q v s c ° •C m E cn m F- m m E: a) y m C M O m o o m r`� y _ - O 76 U C Q) r O -T U y mG U O 0 R m C-, > m � w CL y m T R d C E C - O y .O Q) G7 Q) C m U Q •j a Od > LO o°o c ro .- r N m O O N n Q O U U C R m m U7 C m C y m Q _ n Y U U F. ? a j O m 2 'E m CL m Ul m > O L C: m y m G L O C O m N �p U O CL m O d Q O 077) h tin CLc a c c Q a-t3 m U m y H C ` 4 m E X O •v, C_ m 7 _ .... N .._ d O O) m 4) O �. L... C - U O ._., C In m C m w a M r Wc v m > c- cx a o c Q m m z D m y a) C c m m F` o 5 n ro .D a) 2 � m v E c a> m 0 w a Y c m c ro Y-C� r 0 �° U CLr 07 C m O w p ) w - Q E a m m d� U O x m p U x � ai > a ro m 5 > c c w 0 0 QN.1 •D L 5;-2 y O C Q) LO 3 m o Q U O E ti =' m > m m N m C O O. C C _ O O m m }� O 2 O C m' U a h O c 0 w w U ja OL C [6 m U ;4 C) U _ y CL 0 0 Q CCc O D. -o m m O C ro O .- CA 0 N .0 m m o ❑ N .c ro Q a m m m N] m Q3 z y ro m 4 cx O � 41 N H 4U 0 c V) Ln E O] y � a, CU c en m � U m ra O t CD A V Appraisal Group, Inc. LAND APPRAISAL REPO File No. 1234567 RT Borrower SOUTH BEND BD. OF PUB. WK ..Z.Properly Census Tract Map Reference 8 13 % Address 206 BROADWAY City SOUTH BEND CountyST. JOSEPH state IN. ZIPCade 46601 Description LOT 75 EX 20' X 50' SW COR HANEYS ADDITION ;'.tiLegal p' Sale Price S N[A Data of Sale N A Loan Term N/A yrs. Property Rights Appraised 0 Fee ❑ Leasehold ❑ De Minimis PUD I—: Actual Real Estate Taxes s N/A (yrl Loan charges to be paid by seller s N/A Other sales concessions N A _. LendedClient BOARD OF PUBLIC WORKS Address 13TH FLOOR CO. —CITY BLDG ;�;,,�..,• Occupant VACANT LAND A ppraiser CARPENTER Instructions to Appraiser MARKET VALUE �i Location X Urban LJ Suburban Li Rural Good Avg. Fair Poor Built-up ❑ Over 75% X❑ 25% to 75% ❑ Under 25% Employment Stability ❑ ® ❑ ❑ Growth Rate ❑ Fully Dev. ❑ Rapid ❑Steady Slow Convenience to Employment ❑ X❑ ❑ ❑ Property Values ❑ Increasing ❑ Stable X❑ Declining Convenience to Shopping ❑ R ❑ ❑ Demand/Supply ❑ Shortage ❑ In Balance FRI Oversupply Convenience to Schools ❑ R1 ❑ ❑ Marketing Time ❑ Under 3 Mos. ❑ 4-6 Mos. ® Over 6 Mos. Adequacy of Public Transportation ❑ ® ❑ ❑ 0 Present Land Use 10 %1 Fmly 10 % 2-4 Family _% Apts. , % Condo _ % Commercial Recreational Facilities ❑ a _% indusirlal 80 % Vacant % Adequacy of Utilities ❑ ® ❑ ❑ Change in Prasent Lend Use ONot Likely ❑ Likely 1'1 Taking Place(') Property Compatibility ❑ ® ❑ ❑ �+~ f'I From VACANT TOPUBLIC USE Protection from Detrimental Conditions ❑ X❑ ❑ ❑ a> Predominant Occupancy Owner Tenant % Vacant Police and Fire Protection ❑ ❑ ❑ ❑ ❑ Single Family Price Range s to $ Predominant Value S General Appearance of Properties ❑ R1 ❑ ❑ ,. Single Family Age yrs. to yrs. Predominant Age yrs Appeal to Market ❑ X❑ ❑ ❑ Comments including those factors, favorable or unfavorable, affecting marketability (e,g, public parks, Schools, view: noise): SUBJECT NEIGHBORHOOD IS LOCATED SOUTH OF A PREVIOUS MODEL CITIES PROJECT WHICH DEMOLISHED MANY STRUCTURES AND REPLACED NONE. SEVERAL OF THE REMAINING HOME OWNERS WERE GIVEN LOANS TO IMPROVE THEIR STRUCTURES HOWEVER MOST OF THE REMAINING STRUCTURES ARE DETERIORATING. RECENT PUBLIC PROGRAM HAS INITIATED APT CONST. Dimensions 40 X 103 X 20 X 50 X 20 X 153 = 5.120 , Sq. Ft. or AXE( Corner Lot Zoning classification B—BUSINESS Present improvements FX1 do ❑ do not conform to zoning regulations Highest and best use ❑ Present use 5?] Other (specify) PUBLIC SERVICE Public Other (Describe) OFF SITE IMPROVEMENTS Topography FLAT Electricity � Street Access X❑ Public ❑Private size FAIR Gas X❑ Surface IMPROVED Shape IRREGULAR 75 water 7 Maintenance ® Public ❑ Private View URBAN t San. Sewer © X❑ Storm Sewer ® CurblGutter Drainage AVERAGE ❑ Underground Elec. & Tel, X❑ Sidewalk a Street Lights Is the Property located in a HUD Identified Special Flood Hazard Area? ® No ❑ Yes Comments (favorable or unfavorable including any apparent adverse easements, encroachments or other adverse conditions): THERE APPEARS TO BE NO UNFAVORABLE OR ADVERSE EASEMENTS WHICH AFFECT SUBJECT PROPERTY. AS CAN NOTED IN THE ABOVE DIMENSIONS SUBJECT HAS HAD A PORTION OF THE REAR YARD ELIMINATED WHICH LESSENS THE DEVELOPMENT POTENTIAL OF THE PROPERTY. The undersigned has recited three recent sales of properties most similar and proximate to subject and has considered these In the market analysis. The description Includes a dollar adjustment reflecting market reaction to those Items of significant variation between the subject and comparable properties. If a significant item in the comparable property Is superior to or more favorable than the subject property, a minus J.) adjustment Is made thus reducing the Indicated value of subject; If a significant Item in the comparable is intartor to or iass lavorable than the sublect property,.! plus f+1 adjustment is made thus increasing the indicated voiva or rna s,Jbiact. ITEM SUBJECT PROPERTY COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 Address 210 BROADWAY 606 WENGER 829 W CALVERT KALEY ST BTWN LWW SOUTH BEND SOUTH BEND SOUTH BEND & HUMBOLT SO. BEND Proximity toSubect NEIGHBORHOOD SIMILAR NEIGH'HOOD BETTER NETGH'HOOD Sales Price sN A s 400.00 - sl 000.40 -:-: $1 000.00 Price sN A s .076 SF s 189 SF $19 SF Q Data Source ASMT INSPECT . MLS DATA MLS DATA MLS DATA Date of sale and DESCRIPTION DESCRIPTION Adjustment DESCRIPTION Adjustment DESCRIPTION Adjustment Time Adjustment 1980 +300 1990 -0- 1985 +250 Li,t Location FAIR FAIR FAIR AVERAGE -250 X.. SiteNiew 40 X 103 ETC 40 X 132 -300 50 X 132 -500 40 X 132 -300 Q UTILS WATER SEWER WATER SEWER WATER SEWER WATER SEWER 12' ZONING B-BUS B-BUS A-RES A-RES BETTER NEIGH'HOOD -300 Sales or Financing Concessions Not Adm. Total) Plus Elmi nu s. S 500 inus. usKMinus S —600 Value Y, t3CEPklu..so .-,X,5M- dinu, >Indicated . . PiuCP'al of Subject Grp;ISO. 400 500 400 Comments on Market Data: NO 1 IS MORE COMPARABLE TO SUBJECT BECAUSE IT IS IN THE NEIGHBORHOOD AND HAS THE SAME INFLUENCES CONTROLING IT. Comments and Conditions of Appraisal: SUBJECT IS AVAILABLE FOR DEVELOPMENT, HOWEVER, THE CONFIGURATION OF THE 'LOT CREATES A POTENTIAL. LESSENING TO DEVELOPMENT D; 2- Final Reconciliation: THE SUBJECT MATTER OF THIS APPRAISAL RELATES MORE DIRECTLY TO NO 1 COMP BECAUSE IT IS J_ CLOSER IN LOCATION THAN THE OTHERS. 3' I ESTIMATE THE MARKET VALUE, AS DEFINED, OF SUBJECT PAOPERTY AS OF APRIL 11 , 19 95 to be s 450.00 Appraiser(sl .�.— Review Appraiser (if applicable) DOUGLAS L . C ENT R XD Did ❑ Did Not Physically Inspect Property 5187.1 MCS, Richardson, TX 75081 {2141 699-77B3 MCS Form LA2 PHOTOGRAPH ADDENDUM Owner/Occupant Property Address City County _ State Lender/Client — �. s 1At. . L; •M1r F,Ie No Zip Code FRONT OF SUBJECT PROPERTY REAR OF SUBJECT PROPERTY Y STREET SCENE J'V-0181 _ ._�Pt'�lNSYLI/fiNl�l�---.55 _� AVC.�� ,os� -..I SC-r49 .�. _ _ � _ i7 •..' {•cis _. "� � �"� r.� �(t ,7 � n� �� Cr I ,� I t't � a• � 0.1 I °� $ � q QZI a- -02�7� -0�?? V : �� �� D� -iU6r a � I I u a t<t[ ii t� ° `�• ul s � (� tr1 `(1 / I I r -. •' ' -MCo7 w•%`/GYark 5%42�i� + 1 's 13 `22r �7 _ a- __ _ 0?2 •/ �s " � > � -1039 m . `\9 � I � � �`r c`r `� �� `9 � �9 `: � i` — n Q1 L7ROAD111/1Y r t 45.4 4 .14 /p 1,5 02¢ o / n H n o a t C O "Z o O O O O p O I� 2 � /50 466 99 c 5f .•i.1 90 i� _ - - - - � /So 46.5 _ D�0244 q4! %-1058 Fa2a5 o o o h c o O p O o - fj -1059 h` rR C.,5.75 -loco 15 /50 L 445 44 .. _�'^ �44 40 _r--- EC _ I 'i.ln1FY cvF/-ldNFY , —t>•so ?- lOoy53 5-0270 /sn n O � �t• p O n O O O O `9 Q. O Q O O Q-49 4� U c7O n ��m/4-0975 T O O O O r� m h 0 O O is-o97G O O 10 O �y� �0 50 roe-75 /50 14 �s,i q, - 2 E. 8-13F POR TAG E_ E.r/z N A SEC about the subject property did not develop any information that indicated any apparent or Ue"1111t:1 environmental conditions which would affect the property negatively. It is possible thatltestst anda spectionsraousiances made by a qualifiedt hazardous substance and environmental expert would reveal the existence of hazardous materials and environmental conditions on or around the property that would negatively affect its value. ADDITIONAL CERTIFICATION. The Appraiser further certifies and agrees that: I. This appraisal conforms to the Uniform Standards of Professional Appraisal ards Board of The Appraisal Foundation, except that the Departure Provision of the USPAP does not aPAP") dopted by the Appraisal Stand 2. Their compensation is not contingent upon the reporting of a predetermined value or dire • AP y the client, the amount of the value estimate, the attainment of 3. This appraisal r - r ,.I single Family 1 �n 2 I', Duplex =• 0 None 0 - 3 f' Triplex f T Unfinished 1 r ' •_ 4 f 1 4.6 Family Flow -Ty", 2 ©i - Level 2 'h Finished 2 3 Tn Leuej 3 v. Finished V. V, 2 T 8 OFF C FFP - 1 6 ^, Construction Base 3 4Finished 4 Area V. 3 Fuil 4 0 1 8Tf)l"Y 1 1 T Frame or Aluminum Floor r1°, .:—, 2 Stucco Value 3 Tale 4 Concrete Block r _ el + .... g 5 Metal 6 Concrete r (.,_fJ-•-} 7 B,,o - 8 Slone _ Attic !I i ;j C g Frame wMasonry _ " Basement Roofing ✓1 Crawl _ _ f--' Asphafl Shim les TOTAL BASE (In, 'r 1 Slate or Tile J Rew'TYpe Adjustment �• f 1 A I f 1 SUB-roTAL : Il n i it Metal Floors I I Unhn. Interior (-I Enra !iv units r • - .., !� B T 2 () Earth Irrllrll Bec Roam f•1 rueplacc `/.,f I f Slab $rib 8 JOIST$ i f (.J Toil Heming I -) I 1 14 I •I 1 1 An Cpndn+onmq I I 1 1! I I I) I Wood f Plumbing Tr c -s . and i f I ! ! III No Rumb,np Parquet I I I I J; I f SUO-FOFAL. ONE UNIT ,, 'Tin 4 f3 Tole f f Vf I I I I SUB TOTAL, uRITS Carpel I! 11 1 1 f I Integral Garage ( - -I Unfinished 1! 1 I! 1 Attached Garage f! Interior Finish 6 i Z Attached Carport (.I Plasler or Dry Wall I I .`✓I I I I i Basement Garage I- I Paneling I l f i l r l l Fxreror Features �I r fiberboard f 1 1 1[ I f l sue -TOTAL {4 r l! t) 1 1 1 1 1 1 1 Grade Factor I I '"+=1°', Unfinished V I l V 1 I l Reproduction Cost -yr a T E N f (; 14 Aecommodalians SUMMARY ❑F IMPROVFMFNTS 101al NUmDef 01 Roams IG Use Slory Cund Grade Year Year Bedrooms A eiphl Type Consl Remdd Card. Nelgh. Base Rate Features 0.dj Rale Slee or Area Reproduction Phys. Remainder Obsl. cost Depr. Value Oepr, live Tax Value family Room sal 01 l-11ng - :"tiy�yl Formal Dining Room }1- 02 - ---v= ._ .. 1. __ i•rrTr -- .Tor.; 03 Flec Room Type 04 Area 05 F Slacks 06 lreplace Openings Data ColieClor.pale Appraiser Date Supplemental Card Improvement Total Healing 8 Air Conditioning r_ / - rRp,f` 7r�:} Total True Tar Impmvemenl Value Cen11a1 Walm All TOPngrsghy Pub. utilities slmel m Rd. tselghboncxed PROPERTY CLASS LAND DATA AND COMPUTATIONS Hol Water or Steam I .Level CJ water N Ps,ed 1 ' Imprm,nq Rendsnnu ^ A land Actual Ellecrlve Errecflve Depth Ad lu sled Heat Pump IA High I'A $ewer t I unpavetl ljj $I.IUt �"�"' r''°�° Type Frenlage Frpnlage Depm Facldr ease mall, Hate ExtendedValueinfluence Factor True rae Value r Tow ,.... n-e••v I 1 low � Gas t I PldpnSed I 1 Declining ; " ,vi.,.,..wn "1 `J l t)-I - -i No Healing Roiling rX Elecmraiy I'�( sm"Ark t ] s °"'°�^^' °"' I_ _ u 1 ._ 1__.I .Swampy �'All xAllry ! ! Bughled1_Centlat Air Cond. Land Type Influence Faclor ;""r'"'° i°'r� `""!,'Ww bHOn,eSlle(3) Acre,I—=0Plumbing b TF T F,onti.ol 1 TaDo9raPhy $g FI. AcresI,_,Full Rath% R Rear Lol2 Under Improved v'r'"" "w4i1N 51i"" Tdul Acrcaga v,ne 1 ,• _ Hail Baths 3 Undeveloped 3 Excess Frontage VALUATION RECORD Kitchen Sink 9 Homesile 4 Shape of Sire Assessment Year 19 97.7 19 19 Watw Heater 0 Other 5 Misimprovemenl Reason for Change Revaluaho - $ ExUa fi.lutesl 6 Restrictions TRUE TAX VALUE Land t 'I No Plumbing - TOTAL 0 Other Improvements Nines 1 RAN'* G ii LD,11 F / 1'51/ 83 Total j ,. i1 9, e. oE�o *G3c; /o•aa•ro F�: PiC vac?O �, �c �c� W1049WE1p, d< ASSESSED VALUE Land 10 kt.rCE Q-/PirSCe (DCC-) lJo 7,690S u-VS7N0T_6 Improvements - �-• _q CAl _EEE D sa.4773-ra-sr /-Q .7, u.ln..__._ - mterror - - TRANSFER OF OWNERSHIP — Kitchen J RGrlS Bath Facilities -/ - 'VN n O86-PT .- - �✓pJ ,rp,.� ti S t?•. Plumbing Sys G r Ja.v i 1 , f° .c -S Heating Sys. C' I Electrical Sys - TG S 1'� 1 r / V '- ' Extensions e'T OF r 2fv r ( t F legal Description Lill 75 EX 20 X 50 SW CDR I1A''NEYS Ago, Property Class J .', Idap Ref. B-130 Legal Disc LOT ] 1 EX 20 X 50SU GDR [JANEys ADD Property Address ^,% p,p, .;ii.,l r SOUTH D�t19 i `' r Key a t8�07K17t0t'0 11 about the subject property did not develop any information that indicated any apparent significant hazardous substances or detrimental environmental conditions which would affect the property negatively, It is possible that tests and inspections made by a qualified hazardous substance and environmental expert would reveal the existence of hazardous materials and environmental conditions on or around the property that would necativFa►v affe..r,r irq vs'.,-o mterror - - TRANSFER OF OWNERSHIP — Kitchen J RGrlS Bath Facilities -/ - 'VN n O86-PT .- - �✓pJ ,rp,.� ti S t?•. Plumbing Sys G r Ja.v i 1 , f° .c -S Heating Sys. C' I Electrical Sys - TG S 1'� 1 r / V '- ' Extensions e'T OF r 2fv r ( t F legal Description Lill 75 EX 20 X 50 SW CDR I1A''NEYS Ago, Property Class J .', Idap Ref. B-130 Legal Disc LOT ] 1 EX 20 X 50SU GDR [JANEys ADD Property Address ^,% p,p, .;ii.,l r SOUTH D�t19 i `' r Key a t8�07K17t0t'0 11 about the subject property did not develop any information that indicated any apparent significant hazardous substances or detrimental environmental conditions which would affect the property negatively, It is possible that tests and inspections made by a qualified hazardous substance and environmental expert would reveal the existence of hazardous materials and environmental conditions on or around the property that would necativFa►v affe..r,r irq vs'.,-o