Representative Town Meeting (linked)

RECEIVED FOR RECORD
WATERFORD, CT
MEMORANDUM
2023 WAR 30 P 2 29
TO: BOARD OF SELECTMEN atest: hed Zc
TOWN CLERK
FROM: NICHOLAS F. KEPPLE, TOWN ATTORNEY
RE: 1 HAMEL COURT, WATERFORD
DATE: JANUARY 19, 2023
The Town’s Tax Collector, acting through the Town Attorney, foreclosed for back taxes
on real property of 1 Hamel Court owned by Eileen Scalia. No one except the Town bid on the
property so the Town’s bid for monies owed made the Town the owner. Subsequent to the
foreclosure auction there was a fire at the property. The Town has filed a claim with its insurer
for the loss in value of the property caused by the fire.
Pursuant to ordinance number 2.112.040, the Board of Selectmen needs to determine
whether it wants to retain this property and assign it to another Town agency or propose its sale to
the Representative Town Meeting. If the Representative Town Meeting decides to sell the property
it refers the manner of disposition back to the Board of Selectmen unless it articulates its own
disposition preference.
The Planning and Zoning Commission is conducting an 8-24 review at its meeting on
January 24, 2023 in order to determine whether disposition is consistent with the Town’s Plan of
Conservation and Development.
NFK/lap

DRAFT RESOLUTION
Resolved ~ To dispose of (or retain) the real property and improvements at 1 Hamel Court,
Waterford, Connecticut.

4/49/23, 1:19 PM Waterford, CT Code of Ordinances
2.112.030 - Sales of personal property—Notice—Bids required.
A. Whenever the value of the article to be sold is expected to exceed two thousand doliars, either an
auction or formal bids shali be required.
B. The use of auction or sealed bids shail not be required if the board of selectmen determines that
the property is to be exchanged, traded in, reassigned to other town agencies, boards or
commissions, or donated or sold to a charitable or governmental entity.
C. Whenever the value of the article to be disposed of is expected to be two thousand dollars or
less, the purchasing agent shall dispose of it by a method approved by the board of selectmen.
(R.T.M. 4-6-98 (part))
2.112.040 - Sales of real property with value in excess of ten thousand dollars.
A. The representative town meeting shall approve the disposition of real property which the
assessor or an appraiser estimates to have a value in excess of ten thousand dollars, except as
provided in subsection B of this section.
B. The board of selectmen may approve the assignment of the use of real property to other town
agencies, boards or commissions, as long as title to such property remains in the name of the
town and as long as the receiving agency does not have authority to dispose of such property.
C. Once the representative town meeting has authorized the disposition of the property, unless
otherwise directed by the representative town meeting, the board of selectmen shall determine
the manner of disposing of the property, which shall be by auction, sealed bids or listing with a
real estate broker.
D. The use of auction, sealed bids or listing with a real estate broker shall not be required if the
representative town meeting determines that the parcel of real property is to be donated or sold
to a charitable or governmental entity, or exchanged, or that it would be in the best interest of
the town to waive such procedure.
(R.T.M. 4-6-98 (part)
2.112.050 - Sales of real property with value of ten thousand dollars or less.
The board of selectmen shall approve the disposition of real property which the assessor or an appraiser
estimates to have a value of ten thousand dollars or less. The board of selectmen shall establish the manner
of such disposal.
(R.T.M. 4-6-98 (part))
2.112.060 - Sales by bid or auction.
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1/19/23, 1:19 PM Waterford, CT Code of Ordinances
A. In the event town property is required to be sold by auction or seaied bid, the board of selectmen
shall make public advertisement published in a newspaper having a daily circulation in the town
of the town's intent to so sell. In addition, a notice shall be posted upon the bulletin board in the
office of the town clerk containing the same information. The advertisement and notice shalt
appear not less than fourteen days prior to the receipt of bids or the date set for auction and
shall contain information as to the time and place when sealed bids shall be received and opened
or the time and place the auction is to be held, as the case may be, and the place prospective
buyers may obtain information with respect to the property to be sold. Such advertisement and
notice shall be placed through the purchasing agent.
B. Each bid shall be opened publicly at the time stated in the notice soliciting such bids, and the
name of each bidder and the amount of each bid shall be entered on a public record, on which
record shail be indicated the name of the person or firm to whom the property is sold and the
amount of the sale.
C. The board of selectmen is authorized to make an award or to reject any and all bids and shall
notify the purchasing agent of such action when making a contract award.
D. Contracts shall generally be awarded to the highest qualified bidder.
(R.T.M. 4-6-98 (part))
about:blank

APPRAISAL OF REAL PROPERTY
LOGATED AT
1 Hamel.0t
Waterford, CT 06385
Volume O56 Page:0141
FOR
doane Merlein Glawale
doane M, Olawais, LLC
P.O, Box 453
Niantic, CT 06357
OPINION OF VALUE
200,000
AS OF
00/22/2022
BY
Jennifer Lynoh
Burne Appraisal, LLG
27 Crescent Ayanue
Nlanitic, CT 08367
(860) 691-2458,
BurmsApprajsalCT@gmail.com
Fojm GAIN - TOTAL" appraisal software by a 1a mada, Inc. - 1-800-ALAMODE

Bums Appraisal LLG,
APPRAISAL REPORT
RESIDENTIAL APPRAISAL SUMMARY REPORT Flgtio:_ KNL-CV-11-6011883-S
Property Address: 1 Mamet Ct Sty: Waterford Stale: CT Bp Code: 06385
“=| County, New London Lega Description: Volume 0586 Page 0141
% Assessor's Parcel # __ WATE-000425-000000-003203
a Tax Year: 2024 RE. Tamas: $ 3.042 Speolal Assessments: $ 0 Borrower (lf appilcable):
a Curent Owner of Record: Eilean Scalia Occupant Se Owner [| Tenant =F) Vacant [f] Manulactured Housing
k Project Type; [7] Pu {_} Condominkon ["] Cooperative — §¢) Other (describe) Sinote Famil HOAS © (Cl peryear [J per month
Market AraName: Waterford Map Relarense:_ 35080 Census Tract 6934.00
The purpose of this epprelsal is to davetop en opinion of: DG Markst Value {as defined}, or ~ [| olher type of valiie {desortte)
3] This report reflects the followinp value @f nat Current, see comments): Dd) Current (the Inspaction Data is the Eflective Dato) ["] Retrospective {| Prospective
pproaches developad tor this appralsa: —— }X} Salas Comparison Approach — ["} CostApproach {| Income Approach (See Reconcillatfon Comments and Scope af War
211 Property Rights Appraised: Fea Simple {| Laasehod f | Leased Feo [_} Other (desertbe}
= Use: Market Value
jg| intended User(s) (by nameortype): Jane Meraln Olawale
“Yolen: Joane Marlain Ofawale Addis: Joane M. Olawale, LLC, P.O. Box 453, Niantic, CT G6367
Appraiser JennifarLynch Z Address: _27 Crescent Avenug, Niantic, CT 06357.
Location: L"} Urban DG Suowbar = [| Aurel Predominant ‘Ono-Untt Housing Present Land Use Chengeln Land Use
BuBt up: DQ Over75% =} 25-75%) Under 25% coupancy PAIGE AGE | Ono-Untt 60%) DR) Not Likely
zi Growth sate: == (7) Rapid Stable Slow owner 75 | $600) (ys) [2-4 Uatt 40.%1{_] Ukely* [7] In Process *
Proparty vatues: DX} increasing —(") Stabile (0 Beetining DM Tenant 20 gp bow oo | Muttltnit 5%i * Yo:
Bamand/supply: (&) Shortage {3} nBatance [7] Over Supply Vacant (0-5%) 780 High 325 |Comm') 415%
Pl Marketing time: D8) Under3 Mas. [73 3-6Mos. ["] Over8 Mos, |{7] Vacant (>5%) 315 Pres 65 [Vacant 10%:
i Market Area Boundastes, Description, and Market Condos (including support for tha above charastertstlcs and trends); Market conditions have been stable
over the past year based on ras don CTMLS. Marketing times are 45 days for homes that are fisted properly. Loan
zi discounts, Interest rate buydowns, and ‘ales and financing concessions are not uncommon, but do not dominate the market, The sublect Is
=i| bound by I-85 to the north and Route 7 to the east, south, and west,
NE ICs ASSN
Dimensions: See Plat Map Ste Area: 0.12 a¢
Zoning Classifcation: = R20 Description: Minimum 20,000 SF
Zoning Compllanca:_— ["] Lagat Legal nonconforming (grandlathered) Ld tepal (J No zoning
‘Are CORRS appicabla? —[} Yes () No Se] Unknown Hava the documents boen reviowsd? _f) Yes OQ No Ground Rent Gf applcable) —§ i
Ai Highest & Best Use as improved: =} Present use, or — (j Otheruse explain}
7}} Actual Use as of Effective Date; =» Residential ‘Use as appraised inthis taper: = Residential
‘Summary of Highest & Best Us; ‘The appraiser has performed the four tests/criterla: legally permitted, physteally possible, sconominally feasible
d most profitable, and has determined that the current use of the sublsct Is the highest! and best use, Residentlat is the only legal
ermissible use.
Ulitties Pubic ‘Other —Pravider/Dascriptlon | CH-sitelmprovements ‘Typo Publle Pavate | Topography Average
lectriclty gO Public Street Asphalt BM f] | She 0.12 ac
1 Gas Q None CurtyGuiter Asphalt (1 | Shapa See Pla! Map
5 Water O Public Sidewak None. Cl (2 Jprainge Average
Sanitary Sewer Pubic Steel Uighls Public & 1) |vew Residential
Storm Sewor f)_ Public | Alley None i
Other stia elements: [| inside Lot er Lot Culde Sac} Underground Uititias [J Other (describe)
FEMA Spec'l flood Hazerd Area —_[_] Ves No FEMARood Zone Xx FEMA Map # 09074C0482G FEMA Map Dale 07/48/2014
Site Comments: ~The sublect |s a legal non-conforming parcel, Adverse easements cr encroachments ware not noted. The sublact is not
.|| located In a flood hazard area,
2] General Description Exterior Description Foundation Basement LJ None Reatlng
#otunits 4 (2) Acowntt | Foundation ConcretefAvg__| Skb NiA Area Sq. GBB Type = HWBB
= of Stores 4 Extortor Walls Aluminum/Ava _} Craw! Space N/A ‘SB Finished = 40. Fuel Oll
: ‘Type O€) Det. () Ait L] Roo! Sutane ‘Asphalt/avg Basement Full Gelling NA
Deslge (Style) Ranch Gutters & Dwnspts. AluminunvAva [Sump Pump (} NA, Walls: NA, Cooling
[BG Existing {7} Proposed (_] Und.Cons. | Window Type ThermavAva Dampness [_] WA Floor NIA Central ~=Central AC.
gpy| Actual Age (Ve) = 72 StomyScreans. YestAva Selemant N/A Outside Enty NVA Bther
Effective Age (Yrs) 25. Infostation NA
ss Intertor Description Appilances Attic (_]None] Amentties Car Storage (J Nona
a} ors NA Refrigerator §=—[}] Stairs] Firepiaco(a) a Woadstove(s) # Garagn §«#oteas ( 2 Tot)
wats NIA Range/Ovan — (_]] Drop Stair []] Pato Attach, 4
ES) TeinyFinish © NYA. Disposal = (J) Scutte = [_]] Dock Detach,
1) Bath Ror MA Dishwasher © J] Doorway [J] Paro Bp
2 Bath Welnacot wo Favitood «= (}] oor {iFenca Capot
Doors NA| Miomwava «= (7) Heated =] Poot Divewsy 4
| WashayDryer (HAinlshed [7 Surface_Asphalt
3 Finished area above grade contalas: 6 Rooms 3 Bedrooms 4.0 Bathis) 9B Square Fast of Gross Living Arma Above Grade
a ‘Additional features: = Standard
i Describe tre conditon af tha propesty (including physlcal, functional and exiemal obsolescence): This appralsal was based on an exterior inspection from the
Street. An extraord| ssumption has besn made that the condition of tha Interior is In avarage-minus condition, similar to what is shown.
on record. The use of this extraordinary assumption may have effected the assignment results.
‘2007 by ala mods, inc. This form may be, jeed Unmodified wihowd wrkken parmissian, however, aa mode, inc, rust be acknowledged and cradled.
RESIDENTIAL Form GPRES2 - “TOTAL" appraisal software by a la moda, Inc, ~ 1-B00-ALAMODE ae007

P,2]i
APPRAISAL REPORT
ESIDENTIAL APPRAISAL SUMMARY REPORT FlleNo:KNL-CV-11-6011583-S
Myresearch [did Be} did not reveal any pricr sales ar vansters of the subject property for the Gree years-prfor to the effecliva date of this appralsal,
Data Source(s): Data Source: Waterford, CT Assessor's Office and The Conneticut SmartMLS "CTMLS*
es ‘Ast Por Subject Sala/Transter Analysis of salefifansfer history and/or any current apresment of seleftisting: The-subject has not transfered ee
Date: NIA ownership in the past 36 months. No offers or contracts are pending. It has not been listed an CTMLS
| Pice: NWA for sale in the past 12 months.
fie Source(s}: Town HalVCTMLS
ES 2nd Prior Subject Sale/Transter
'<} Dale: NIA
ePrice: N/A
Es Source(s): Town HalliCTMLS:
'S3[ SALES COMPARISON APPROACH TO VALUE (if faveloped) {J tho Safes Compatison Approach was not daveloped for this appraisal,
:
ea
FEATURE [____SuBIECT COMPARABLE SALE # 1 COMPARABLE SALE #2 COMPARABLE SALE #9
Address: + Hamel Ct 375 Willetis Ave 167 Clark Ln 36 Devonshire Dr
Waterford, CT 06385 Waterford, CT 06385 Waterford, CT 08385 Waterford, CT 06385
Proximity to Subject [este 8.90 miles NE 0,82 nilles N
Sale Price §
ee] Sale PriceyGLA Ly Jsgst}$ 260.29 /sqlt 495.19 /sqtt
224} Bata Source(s) ‘SmartML8#170515837;DOM 5__|SmartMLS#170491080:D0M 41 _ | SmartMLS#170411924:00M 73.
S| Varlicaton Source(s) ‘Town Hatl/Exterior Inspection __|Town Hal/Extarior inspection __ [Town Hall/Extarior Inspectlon
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION EE} S$ Adjust. DESCRIPTION £14 $ Adjust, DESCRIPTION +E) § Adlust.
fe ‘Salas or Flnanclag JArmLUth jArmLth Armtth
EF & Cash:0 FHA: Cash;:0
az) Date of Sale/Time 809/22;c08/22 '807/22:c06/22 809/21 cOB/21
S Rights Appralsed Fee Simple Fee Simple Fee Simple Fee Simple
a Locatlan Residentlal Residentlat Residential Residential
Ea Bile 0.12 ac. 0.26 ac O}0.43 ac 0}0.46 ac 1,020)
Ee View, Resigential Residential Residantiat Residential
Ei Design (Styte) Ranch Ranch Ranch Raised Ranch Q
EE Quality ni Gonstuction Average Average Average Average
[ie 72. 72 58 Oi40 i)
|Average-Minus, Average-Minus Average-Minus. |Averege-Minus
Tolal |Bénns| Batis | Total | Bdims} —Balhs Total {Bdrms| Baths Tolal | Bdrms| Baths
‘| 6i3i 10 [ela | 20 4.000] 4 | 2 [10 oe la | 20 4,000]
Brass Living Area 988 sah, 1,080 sqft 5,100) 826 sgt. +8, 100} 1,026 sot.
‘Basement & Falshed 866 SF 4690 SF 6/826 SF O/689 SF g
Rooms Belaw Grade 395 SF Finishes _|1000 SF Finished -6,050/Unfinished +3,960]433 SF Finished 380;
Funcliona Ubity Average Average inferior. +2,000| Average.
E HeatinyCosing HWBB/Central AC. |HWBBB/None +3,000| HWEBBMNone #3,000| Blactiic/None £3,000)
S231 Energy Efficient items None. None None. Note
[si GarayeyCarport 1.Car Gar. Al, __|No Garage: +2,000/1 Car Gar. Det, Ol4 Gar Gar. Bit-in +1,000)
f=) PorctvPaliDack None None. Patio 72,000) Deck 2,000)
place None None None None ,
(Net Adjustment (Total) 40,180! 18,056) 3,400)
BI Adjusted Sale Prica :
25) of Comparables E 188,860) 230,050} 186,600)
HI Summary of Sates Comparison Approach The gross fiving area adjustment is estimated at $50.00 per-square foot. The sales comparables are
closed saies that refiect the physical and economic market influences within the subject's single family sub-market._ Most weight:was applied
to compatable #1 which is most simitiar in GLA, style, amenities and overall market appeal,
Indicated Value by Sales Comparison Approach § 260,600.
_ = . ‘Copyright® 2007 by a la mods, inc. This fon may be reproduced anunodiied wilhou! villian permission, however, 4a mode, hic, musi be acknawledged and crechied.
RESIDENTIAL Forin GPRES2 - “TOTAL” appraigat software by.a fa made, Ine, - 1-800-ALAMODE yang

APPRAISAL REPORT
RESIDENTIAL APPRAISAL SUMMARY REPORT FlleNoz__KNL-CV-14.8011583-S
“AL COST APPROACH 70 VALUE (Hi developed) [4 ‘Tha Gost Approach was not davaleped for this aparalsal.
Provide adequate Informatian for replication of the following cost figuras and calcefailans.
‘Suppott for the opinion of sita value (summary of comparabte land sales ar other methods for estimating site valve}:
-AFESTIMATED [_] REPRODUCTION OR {| REPLACEMENT COST NEW OPINION OF SITE VALUE
1 Source of cost datt WELLING
+] Quality ratlag from cost service: Effective data of cost data:
Comments on Cost Approach {gross living area calculations, depreelation, et):
GaragaCaport 2
Total Estimate of Cost-New enon BB
Legs Prysical___ Functional [External
Depsaelation I
apreciated Cos! af Improvements
As-ts" Value of Sita Improvements
| =
“.4j Estimated Remaining Economic ile {i required): GO, Years [INDICATED VALUE SY COST APPROACH ===. =§
jae INCOME APPROACH TO VALUE (Hi davalay ‘The Income Approach was not developed tor this appraisal.
Estimated Monthly Maskal Rent $ X_ Gross Rent Muttipliar =§ Indloated Vatue by Income Approach |
| Summary of income Approach (eeluding support far market rent and GAM):
ey
"Al PROJECT INFORMATION FCR PLDs (if appilcabte) TL] the Subject Is part of a Pianned Unit Davetopment.
‘Legal Name of Project,
Descrbe common elements and recreational faclities:
indicated Value by: Salas ComparizonApproach$ 200,000 Cost Approach {ifdeveloped}$ 479.565. incomp Approgch (developed) $
Final Reconcliaion ‘The most walght has been given to the Sales Comparison Approach, as it Is the best indicator of value. The Income
Approach has not been daveloped, due to limitations in data, because these types of homes are nol typical offered as santals, The Gost
| Approach wae not developed due to the ade of the subject It was deemed unreliable.
This appraisal is made OX) “asis", {J subject to completion per plans and speciiications on the basis of a Fiypothatical Conditlon that the improvements fave bean
completed, (_} subject to the following repairs or aflerations on tha basis of a Hypothetical Condition thal the repairs or alterations have bean complatsd, (_} subject to
H|the folowing required Inspacton based on the Extraordinary Assumption that the condilon or defictency does not require alteration or yepalr,
(J This report Is also subject to other Hypothetical Condilons and/or Extraonfinary Assumptions as spectiied in tha attached addenda,
Based on the dagres of Inspacllon of the eubject property, aa Indloated below, defined Scope of Work, Statement of Assumplions snd Limiting Conditons,
l}and Appraiaers Certifications, my (our) Opinion of the Market Value (or other specified value type}, ne defined hereln, of the reat property that la the eubject
sjpof thls report is: § 200,000 88 of 09/22/2022 , Which ts the effective date of thle appraisal,
«]/it indicated above, this Opinion of Value Ie aubject to Hypothotlcal Conditions and/or Extraordinary Assumptions included in this roport, See attached addenda,
‘A teus and complete copy of this report contales 20 pages, including exhibits which are considered an integral part of tha report. ‘hls appraise! report may not ba
properly understacd wihout reference to the information contained in tha complete report
1 scope of Work (2 umiting Cond /Certitcations 1 Narrative Addendum 04 Photopranh Addenda {77 Sketoh Addendum
OR Map Addenda (1 Aduional Sates C1 cost Addendum Co Flood Addendum i Manuf. House Addendum
{1} Hypothetical Conditions [7] Bxtraordina im im
Clent Contact = Joane M. Olawale, LLC Glent Name: doane Merlain Olawale
lolawale @imolawfirm.com, Address: Joane M. Olawala, LLC, P.O, Box 453, Niantic, CT 06357,
APPRAISER SUPERVISORY AFPAAISER (if required)
or CO-APPRAISER (if appiloabie)
Supervisory or
Co-Appralser Nama:
Company:
Fa Phone: Fax
-|/E-Mit: BurmsAppralsa!CT@amali.com Eval:
|] Date of Report (Signatera): 09/26/20: Date of Report (Signature):
Uoense or Certification #: ROR.0601783. State: CT. License or Certification #: State:
Designation: — Gartified Residential Appraiser ‘Dasignation;
j '/ Expiration Date of License ar Certification: 04/30/2023 Expiration Data of License ar Certification:
|] inspaction of Subject: (71 Metertor & Extrtor DX) Exterior Only = (_) None Hnspection of Subject: {71 tnterfor & Exterior L] Exterier Only = (__] None
-l}Date of inspection: _—og/22/2022 Date of inspection:
Gopysightes 2007 By 2 a mods, no, This form may be reproduoed urmnodified winoul wrhien pirmission, however, @fa mods, Inc, must bs acinawledges and crude
RESIDENTIAL Form GPRES2 - “TOTAL appralsel software by a la mada, inc, -1-B00-ALAMODE 32007

File No, KNL-CV-11-8071583-5.
Waterford County New London Slate CT 2p Cols C8385
Joane Merlain Olawale
APPRAISAL REPORT
APPRAISER FEE: $450
SUBJECT PROPERTY:
HAZARDOUS SUBSTANCES: The value estimated in this report is based on the ascumption that the property is not
negatively affected by the existence of hazardous substances or detrimental environmental conditions. This appralser is
not an expart In the Identification of hazardous substances or detrimental environmental conditions, The appraiser's routine
inspection of and inquiries about the subject property did not develop any Information that Indleated any apparent
hazardous substances or detrimental environmental conditions which would affact the property negatively,
SOURCE OF THE DEFINITION OF MARKET VALUE: For the purpose of this report, the source for definillon of market
value ts from ragulations published by federal regulatory agencies pursuant to Title XI of he Federal institutions Reform,
Recover, and Enforcement Act (FIRREA) of 1988,
No employes, diractor, officer, or agent of the tender, or any other third party acting as a joint venture partner, Independent
contractor, appralsal management company, or pariner on bahalf of the lender has Influencad or attempted to Influence the
development, reporting, result, or review of this assignment through coercion, extortion, collusion, compensattan,
instruction, inducament, intimidation, bribery or In any other manner.
{have performed no services, as an appraiser or in any other capacity, regarding the property that Is subject of this raport
within the three year period Immediately precading acceptance of this assignment,
‘The subject's land to building rallo excaads 30% however It is typical for the area and does not affect its marketability.
The land use notad as “other” is vacant.
The marketing time Is 45 days. The exposure time is 60 days.
EXTRAORDINARY ASSUMPTION: An asstnpiion, direcily related to a specific assignment, which, Hf found to be false,
could aller the appraiser's opinions or conclusions. Extraordinary assumptions presume as fact otherwise uncertain
information about physical, legal, or economic characteristics of the subject property; or about conditions extemal to the
property, such as market conditions or trends; or about the integrity of data used in an analysis.
This appraisal was based on an exterior inspection from the sirest, An extraordinary assumption has bean made that the
condition of the Interfar Is In average condition, similar to the exterior.
LEGAL NON-CONFORMING: The subject property is noted as a legal non-conforming parcel which pre-exists current
zoning regulations, as per the grandfather clause. The subject can be rebuill in the footprint of the subject and in
compliance with local zoning regulations, if destroyed by casually. However, raconstruction must be In compliance with the
Nen-conforming regulations of tha town of Waterford. This dogs not affect marketability or value.
LEAD PAINT: The subject property was bullt prior to 1978 and may contain lead-based paint, The appralser is not
qualified or responsible to determine if lead-based paint Is present in the structure. The value estimate determined Is
based on an appraisal which does not take Into consideration the cost of abatement should it later be determined that
lead-based paint is present. Allhough not required by law, the borrower Is encouraged to have the home tested by a
quaiifiad firm or laboratory to determina if lead-based paint is present.
OIL TANK: Thera is an olf tank located on the property, They are comman fo the area and do not adversely affact the
market value.
The predominate value 1s greater than the valua of the subject as indicated by the sales comparieon approach, however It
does not affect the marketability of the subject,
SIGNIFICANT APPRAISAL ASSISTANCE:
Samantha Beyer, RSP.0002074, coninbuted the following to this assignment: writing of the appraise! raport and exterior
Inspection,
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Bie No, KNL-CV-11-6011583-S
Property Address 4 Harel Ct
ci Waterford County New London Stata CT ZpCote_O63B5.
Jaane Mariain Olawale
COMPARABLE SALES:
There are no pror recorded sales known of the comparables chosen within the past year as per a thorough search of
public records,
Whenever possible, salas within one mife of the subject property were used In this raport. However, due to the unique
nature (town zoning requirements) of Waterford, In the state of Connecticut, there may arise an instanca where the one
mile rule fs considered inappilcable for use In this report. Aithough comparable #1 is beyond the one mife guideline, itis
considered to be 6 rellable Indicator of value, with respect to style, condilion, age, GLA, and overall market appeal.
Whenever possible, the appralaer has utilized sales within the last € months, If, at the appraisers discrallon, a more
comparable property was available that sotd over 6 months ago, then that sale may be ulllized. Affhough sale #3 sofd
beyond the six month guideline, i ls considerad to bs a reliable Indicator of value, with respact to GLA, style, location,
condition, and overall market appeal,
There may be an Instance where MLS photos or file photos are utilized within this report. itIs Illegal to enter property and
in the state of Connecticut, it is not uncommon for comparables to be located behind trees or on rear jots,
ADJUSTMENTS:
SITE: For differences greater than % acre, an adjustment of $3,000 per acre was used,
AGE: An adjusimant of 5% was used for differences over 15 years.
BATHROOMS: An adjustment of $4,000 per full bath was used,
GLA: An adjustment of $50.00 per square foot was used for differences over 50 feat.
FINISHED SASEMENTS: An adjustment of $10.00 per square foot was usad for finished basements.
UTILITY: An adjustment of $2,000 was used par bedroom far tess than 3 bedrooms.
GARAGES: An adjustment of $2,000 per bay for attached and detached garages and $1,000 par bay for basement/bullt-in
garages was used,
PATIOS & DECKS: An adjustment of $2,000 was used.
Adjustments were based on matched pairs, unless otherwise noted.
CENTRAL AIR CONDITION: A contributory adjustment of $2,000 was used for central alr conditioning based on historical
matched pairs.
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Subject Photo Page
Borrower
Property Address 1 Hamel Ct
Cty Waterford Gounty Naw London Sate CT 2p Gade 96385
Lendey/Client_ __ Joane Merlain Olawale
Subject Frent
1 Hamel Ct
Sales Pace
Gross Living Area «= 988
‘Tota! Rooms 6
ola Bedooms = 3
Tola)Balhiooms = 1.0
Location Residential
View Residential
Sile 0,12 ag
Ouallly Average
Age. 72
Subject. Street
Foms:PIGPIXSR - “TOTAL* anaraisal software by 8 fa: moda, inc. - 1-800-ALAMODE

Comparable Photo Page
Borrawer
LPropeny Adirésé 1 Hamel Gt
City Waterford Counly New London tale, CT Zp Code 06385
Lendey Client Joans Mertain.Clawale
Comparable 1
375 Willatts Ave’
Prox-to Subjact 1.28 mites SE
Sales Prioe 200,000
Gross Living Area = 1,080
Totat Rooms 8
Total Bedrooms 3
Total Balhaoms = 2,0
Location Residential
View Residential
Site 0.25 ac
Quailly Average
Age 72
Gomparahie 2
167 Clark Ln
Prox.to Subject = 0:80-miles NE
Sales Pace 216,000
Gross Living Aiea = 826
Total Rooms 4
Total Bedrooms = 2
Totaf Bathrooms 1.0
Location Residential
View Residential
Site 0.13 ac
Quaity Average
Age 68
Comparable 3
36 Devonshire Dr
Prox. to Subjedt 0.82-mites N
Sales Pites 490,000
Gross Living Aga = 1,626
Tolat Rooms 8
Total Bedrooms 4
Total Bathrooms 2.0
Location Residential
View Residential
Site 04680
Ouallly Average
Age 40
Form PICPIX.GA - “TOTAL* appraisal software by'a la mods, inc. « 1-800-ALAMODE

USPAP ADDENDUM Fat. KL ovat 01088
Barrows
Property Address 4 Hamel Ct
city Waterford County Naw London Stale CT 2p Code 06385
Lender Joans Meriain Olswalp
This report was prepared under the following USPAP reporting option:
DQ Appralsat Raport This report was prepared in accordance with USPAP Standards Rule 2-2(a)..
() Restricted Appraisal Report This report was prepared in accordance with USPAP Standards Ruts 2-2(b).
Reasonable Exposure Time
My opinion of a reasonable exposure time for the subjact property at the market value stated In this report is: 60 Days
Additional Certifications
f cartify that, to the best of my knowledge and bellaf:
Ihave NOT parformed services, as an appralser orin any olher capacity, regarding the property that \s tha subject of this report within the
three-year pariod Immediately preceding ecceptance of this assignment,
[7] EHAVE parformad services, a an appraiser or in another capacity, regarding tha property that is the subject of this report within the three-year
perfod immediately preceding acceptance of this assignment, Those services até deserlbed in the comments below,
» The statements of fact contalsed tn this report are true and correct,
+ The reported analyses, opinions, and conclusions are linlted only by the reported assumptions and lintling conditions and ars my personal, Impartial, and unblased
professional analyses, opinions, and conclusions,
+ Unless otherwise indicated, i have no prasant of prospective Interast in the property that is the subject of this report and no personal Interest with respect lo the parties
tnvolved.
~ | have no blas with respect to the property that Is the subject of this report or the parties lavolved with this assignment,
- My engagement in this assignment was not contingent upon developing or reporting predetermined rasults,
~ My compensation for completing thls assignment fs nat contingent upon the devetopment cr reposting of a predetermined value of direction in value that favors the cause of
the cllent, the amount of the value opinion, the attainment af a stipulated result, or the occurence of a subsequent event directly related to the Intended use of thls appralsal,
» My analyses, opinions, and conelusions were developed, and thls report has been graparad, in conformity with the Uniform Standards of Professional Appraisal Practlee that
‘were la elfect at the time this report was prepared.
~ Untess otherwise indicated, ! have made & persona! inspection of the property that is the subject at this report.
- Unless otherwise Indleated, no one prnvided slgnifcent real property appraisal assistance to the person(s) signing this certification (I there am exceptons, the nama of each
individual providing significant rea! property appralsal assistance is slated elsewhere in thls report}.
Additional Gamments
APPRAISER: SUPERVISORY APPRAISER: (only If required)
Signatur: Signature:
Name: Jennifer Lan Nama:
Date Signed: ogi2e/2d22 Date Signed:
State Cortificntion ss = RCR.0001783 State Corttiication #:
or Stata License #; Or Stata License #:
Stale CT. 
Stats:
Expiration Date of Certification or License: 04/30/2023 Exgtration Date of Certiicatlon or Licanse:
Ettective Data of Appralsel: 99/22/2022 Suparvisory Appraiser inspection of Subject Property:
(} pleNot —() Exteroronty trom Street [7] Intertor and Extarior
Form IDY4AP - “TOTAL appraisal software by s 4a mod, ino. - 1-B00-ALAMODE

APPRAISAL REPORT
Flefio, KNL-CV-11-601 1583-5
UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM
(Source: Fannle Mae UAD Appandix D: UAD Fleld-Spacific Standardization Requirements)
Conditlon Ratings and Definitions
Ct
The Improvements have baen racently constructed and have not been previously occupted, Tha entire structure and all components are new
and the dwelling features no physical depreciation.
Note: Newly constructed improvernents that feature recycled or previously used materials and/or components can be considered new dwellings
provided that the dwelling is placed on a 100 percent new foundation and the recycled materials and the recyclad components have bean
rehabilitated/ramanufactured Into ilke-new condition, Improvements that have not been previously accupled are not considered “new" If they
have any significant physical depreciation (that ls, newly constructed dwellings that have baan vacant for an extendad period of time without
adequate malntenance or upkeep).
€2
The improvements feature no deferrad maintenance, litte or no physical dapreciation, and require no rapalrs. Virtually all bullding components.
are new or have bean recantly repared, refinished, or rehabilitated. All outdated components and finishes have bean updated and/or replaced
with components that maet current standards. Dwellings In this category are ether almost new or have been recently completely renovated and
are similar In condition ta new construction,
Nota: The fmprovemants represent a rafativaly new property that is weil maintained with no deferred maintenance and fitfe or no phystaai
depreciation, ar an older proparty that has been recently completely renovated.
o3
The Improvements are wall malntalned and feature ilmited physical dapreciation dus to normal wear and tear. Some components, but nat every
major bullding component, may be updated or recently rehabilitated. The structure has been wall matntained,
Nota: The improvement Is in Its first-cycte of replacing short-lived building componants {appllances, floor coverings, HVAC, etc.) and is
belng well maintained, its estimated effective age fs tess than lis actual age. It also may reflect a property in which the majority of
short-llved building components have been rapiaced but not to the {evel of a complete renovation,
ca
The Improvements feature some minor deferred malntenance and physical detarioration dug to normal wear and tear. The dwelling has bean:
adequately maintalnad and requires only minimal sepalrs to buliding camponents/machanical systems and cosmetic repairs, All major bullding
eomponents have baen adequataly maintained and are functionally adaquate.
Note: The estimates effective age may be close to or equal to Its actual age. It reflects a property In which some of the short-lived bullding
components have been replaced, and some short-lived bullding componants are at or near the and of thelr physical life expectancy; however,
they still function adequately. Most minor repalrs have been addressed on an ongoing basis resulting in an adequately malntatned property.
cs
‘The improvemants faalura obvious deferred maintenance and are in need of some significant rapalrs. Some building oomponants need repairs,
sehabiliiation, of updating. The functional utility and overall lvabllity 1s somewhat diminished due to condition, but the dwelllng remains.
useable and functional as a residence,
Note: Some significant repairs are needad to tha Improvements dus to the lack of adequate malntenance. itreflects a proparty in which many
of Its short-lived building components are at the and of or have exceeded thelr physlcat Iife expectancy but remain functional,
C6
‘The Improvements have substantial damage or defarrad malntenance wih defictenctes or defects that are severe encugh to affect the safety,
soundness, or structural integrity of the improvements, The Improvements are In need of substantlal capairs and rehabilitation, including many
or most major components,
Note: Substantial repairs are neadad to the improvaments due to the tack of adequate malntenance or property damage. it reflacts a property
with conditions severe anough to affect the safaty, soundness, or structural Integrity of the improvements.
Quality Ratings and Definitions
a
Dwellings with this quality rating are usually unique structures that are Individually desipned by an architect for a specified user. Such
residences typically are constructed from datalled architectural plans and specications and feature an exceptionally high javel of workmanship
and exceptionally high-grada materials throughout the interior and sxtertor of the structure. The dasign features exceptionally high-quality
exterfar refinements and omamentation, and exceptionally high-quallty intesfor refinements. The workmanship, materlais, and finishes.
throughout tha dwalling are of exceptionally high quality.
a2
Owelllngs with this quallty rating are often custom dasignad for construction on an individuat property owner's site. Howaver, dwellings in
this qualty grade are alse found in high-quality tract developments featuring residence constructed from individual plans or from highly
modified or upgraded plans. The design features detalled, high quality exterior amiamentation, high-quality Intartor raflnaments, and detail. The
workmanship, materlats, and finishes throughout the dwelling are generally of high or very high quatity.
VAD Verston 9/2011 (Updated 1/2014)
Form UADOEFINETA - “TOTAL” appraisal satiware by a ta mode, inc, « 1-800-ALAMODE

UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM
(Source: Fannle Mae UAD Appandix D: UAO Flald-Spealfic Standardization Requirements)
Quality Ratings and Definitions (continued)
a3
Dwellings with this quality rating are residences of higher qualtty bullt from Individual or readily available designer plans in above-standard
residential tract developments or on an individual proparty owner’s site, The daeign includes significant exterior omamentation and interiors
that are well finished, The workmanship exceeds acceptable standards and many materials and finishes throughout the dwelling have been
upgraded from “stook" standards.
a4
Dwellings with this quality cating maet or excaed the raquitements of applicable building codes. Standard ar modified standard building plans
are utilized and the design Inctudas adequate fenestration and some exterior omamantation and interior refinements. Materials, workmanship,
finish, and equipment are of stock or bullder grade and may feature soma upgrades.
05
Dwellings with this quality rating feature economy of constriction and baste functionallty as main considerations. Such dwallings feature a
plaln design using readily avaliable or baste floor plans featuring minimal fenestration and basic finishes with mintmal extertor omamentation
and tmited Interior detail, These dwellings maet minimum duliding codas and are constructed with Inexpensive, stock materials
with Uimited refinements and upgrades,
o6
Dwellings with this quality rating are of basic quality and tower cost; some may not be suitable for year-round occupancy, Such dwellings
‘ave often bultt with simple plans or without plans, often utilizing the lowest quality bullding materials. Such dwellings are often bull ar
expanded by persons who are professionally unskilled or possess only minimal construction skilis. Elsotrical, plumbing, and other machantcal
systems and equipment may be minimal or non-existent. Older dwallings may faature one or more substandard or non-conforming additions
to the original structure
Definitions of Not Updated, Updated, and Remodeled
Not Updated
{ttle or no updating or modemization. This desorption Includes, but is not IimHed to, new homes.
Residential properties of fiflean years of age or less often reflect an original condition with no updating, no major
components have been replaced or updated. Those over fitteen years of age are alsa consdered not updated If the
appliances, fixtures, and finlshes ara pradominantly dated. An araa that le ‘Not Updated’ may stilt be wall maintained
and fully functional, and this rating does not necessarily imply deferred malntanance or physical/functional detartoration.
Updated
The area of the home has bean modified to mest current market expectations. Thass modifications
are limited in terms of both scope and cost.
An updated araa of the home should hava an improved [ook and feel, or functional utility. Changs that constitute
updates include refurbishment and/or replacing components to Meet existing market expectations, Updates do not
includa significant alterations to the existing structure.
Rermadeted
Significant finish and/or structural changes have bean made that Increase utility and appeal through
complote replacement and/ar expansion.
Aramodeled area reflects fundamental changes that Include multiple alterations. These alterations may include
some or all of the following: replacement of a major component (cabinet(s), bathtub, or bathraom tila}, relocatton
of plumbing/gas flxturas/appliances, significant structural alterations (relocating walls, anc/or the addition of)
square footage). This would Inctuda a complete gutting and rebulld,
Explanation of Bathroom Count
‘Three-quarter baths ara counted as a full bath in all cases. Quarter baths (baths that featura only a toltet) are not
included In the bathroom count. The number of full and half baths 1s reparted by separating the two Values using a
period, whare the full bath count is represented to the left of the period and the half bath count !s teprasented to the
fight of the period,
Exampla:
3.2 Indloates three full baths and two half baths.
UAD Version 9/2011 (Updated 1/2014)
Form UADDEFINE1A - “TOTAL" eppralsal software by a la mods, inc, - 1-B00-ALAMODE

UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM
(Source: Fannie Mae VAD Appendix D: UAD Fletd-Spaciftc Standardization Requiraments)
Abbreviations Used in Data Standardization Text
_. Full Name Flatds Where This Abbreviation May Appaar
Adverse Location & View
Acras Area, Site
AdjPrk Adjacent to Park Location
AgiPwr Adjacent to Power Lines Location
Ammith Arms Length Sale Sate or Financing Concessions
AT. 
Attachad Structure Dasign (Style)
B Beneficial Location & View
ba Bathroom(s) Basament & Finlshed Rooms Below Grade
br. Bedroom Basement & Finlshed Rooms Below Grade
BsyRd Busy Road Location
c Contractad Date Date of Sate/ttma
Cash Cash Sala or Financing Concessions:
Comm Commercial infivence Location
Conv Conventional Sale or Finansing Concessions
cp Carport Garage/Carport
Cnord Coun Ordared Sele Sale or Financing Concesstons
CtySiy City View Skyline View View
cyst City Street View View
cv Covered Garage/Carpart
DOM Days On Market Data Sources
oT Detached Structure Design (Styte}
aw Driveway Garage/Carport
e Expiration Data Date of Sale/Tima
Estate Estate Sale Sale of Financing Concessions
FHA Fedarat Housing Authorty Sale or Financing Concesstons
g Garage ‘Sarage/Camport
ga Attached Garage Garage/Garport
abl Built-In Garage Garage/Carport.
ad Detached Garage Garage/Carport
GiiCsa Golf Course Location
Glivw Golf Course View View
GR Garden Daslan (Style)
HR High Rise Design (Style)
in interior Onty Stairs Basement & Fintshed Rooms Below Grade
tnd Industrial Location & View
Listing Usting Sale or Financing Concessions
Lrdft Landfill Location
LtdSgnt Limlted Sight View
MR Mid-rise Dasign (Style)
Min Mountaln View View
N Neutral Location & View —
NonArn Non-Arms Length Sale Sata or Financing Concessions
o Other Basement & Finished Rooms Below Grade
{i Other Design (Style)
op Gpan Garage/Carport
Prk Park View View
Pst Pastoral View View
Pwitn Power Lines View
Pubtm Publi Transportation Location
Relo Relocation Sale Sale or Financing Concessions
REO REO Sale Sais or Finanelng Concessions
Res Resltantial Location & View
RH USDA - Rural Housing Sale or Financing Concessions
fl Recreatlonai (Rec) Room Basement & Finished Rooms Below Grade
RT Row or Townhouse Dasign (Styla}
A Settiement Date Date ot Sale/Time
sD Semi-detached Structure Design (Style)
Short Short Sata Sale or Financing Concessions
sf Square Feat Ara, Site, Basement
som Square Meters Area, Sita
Unk Unknown, Gate of Sate/Time
VA Veterans Administration Sale or Financing Concessions
Ww Withdrawn Date Data of Sate/Time
wo Walk Out Basement, Basement & Finishad Rooms Betow Grade
Woods Woods View View
Wir Water View View
WoFr Water Frontage Location
wl Walk Up Basement Basement & Finished Rooms Below Grade
UAD Version 9/2011 (Updated 1/2014)
Form BADDEFINE1A - "TOTAL" appraisal software by a fa made, inc. - 1-800-ALAMODE

License
ayers
CrLabe Rev OE
STATE OF CONNECTICUT
DEPARTMENT OF CONSUMER PROTECTION
‘Attached is your Real Litate Appraiser licenge, ‘Such licenge shale shown to.arviy; properly interested person on
Tequest and shall not be transferved to of used by.any other persoh than.to whomthe license was iadued.- Please note,
thé Sddress*has been ‘removed fiom the certificate, however, the Department of Conéimer Protection must ‘be
notified’of any name’or nddress change, Changes and questions.can béeemailed to. doplicenspseryices@ntinpy,
th-an-effort to: be more effidiant aiid .Ga-Graen, the. department asks that you'kéep your email information with.our
office current 9 receive: correspondence, You can’ access your account with your User 1D and: Password. at
wwweelleange.ct gov to Verify, ad& of changa your. emil. address. Email, on file to ‘be used for receiving
corréspotidente from’this department: jlynch818@npl.com
Visitour- website for online services, applisations, rosters and: to. verify licensure nt www.ct.zov/Aep:
JENNIFER LYNCH
27 CRESCENTAVE
NIANTIC, CY, 06357-3034
Leenie # “_, Bffestiy;
ROR00I783 5/01/2002
BIGNED
Expimdoo
04/30/2023
cw. #
STATE OF CONNECTICUT + DEPARTMENT OF CONSUMER PROTRCTIONTM
Be dt known that:
has been certified by the Nepartiientof Consumer Protection as.allosnsed:
| CERTIPIED RESIDENTIAL REAL ESTATE APPRAISER
nee: ROROOOITAD
eotive Dates. 0570172022
itation Date:-'04/30/2023
Form SCNLGL,- "TOTAL" appraisal software by a a: mode, ine:-- 1:80D:ALAMODE

License
CPL-O2 Rev O63
STATE OF CONNECTICUT
DEPARTMENT OF CONSUMER PROTECTION
Attached is :your Real Pstate Appraiser license, Such license ahali be shown to ‘qny properly interested, person ‘on
request-and stiall Hot be triinéferred to or uded by siny. other parson thoh to' whom the license waa ished. Pletisenote,
the address"has been. removed from the certificate, however, the Department ‘of Consumer Protection must be
notified of any name or addteas change, Changes and questions canbe emailed to dépticanseservices@ect,gov.
Ih ar-effart to be mote.efficient and‘Go-Greon, the department aske-that you keep.your email:information with our
office ourrént’ to-ressive. cortegpondénes, You, can access Your account with your User TD:and: Password: at
wwwieliconse.ct.goy. to verify, add: or change your emoll. address, Email on file to be used for receiving
correspondence from this department: burnsrealtyet@zmail.com
Visit-our website for online services, applications, rosters and to verify licensure at anww.ct.pov/dep,
SAMANTHA BEYER:
75 DEEP RIVER RD.UNIT C
CENTERBROOK,.CT 66409-1014
‘Eeenae dt Baectiye. - ‘Expiration.
RSP,0002074 0870172022 04/30/2023
SIGNED.
A a cd va
OF CONNECTICUT + DEPARTMENT OF CONSUMER PROTECTION”
Be it known that
SAMANTHA M BEYER
has heen Gartified bythe Department of Consumer.Protaction ad alicended
PROVISIONAL REAL ESTATE APPRAISER
He RSPO002074
Effective Date: 05/01/2022:
litation Dates: 04/30/2023
Form SCNLGL - TOTAL" appraisal software by a la mode, Inv, - 1<800-ALAMODE
STIG

Plat Map
1 Hamel Court
9/1/2022 4 1104:24.AM
Seale: 1420!
Seale-is approximate
‘The Informallon daploted on this: map Is for:planning: purpatea-only,
tubs ndtadoquate for legal -boundary defidition, regulatory
Isterpratatioa,.bi parcel Jevel analyses.
Form SCNUGL -*TGTAL* appraisal software by-a-la made, Inc: - 1-800-ALAMODE

Location Map
Borcower
Property Addess’ 4 Hamel Ct
City Waterford: County New London Stale -CT 2ip.Cade 08385
LendeyOligm Joan Merlain-Olawaile
ms eValley-Perlodonmtics.
esata @ iit artistry
Midi. y *
Clarkteane ay
MidilieSehool ad
‘a: fase
S
juan i
ie dequene St
Winetford Gomut:Heultty
160. priving Auadarny
of Waterlaet
9
Secchlaroli Piggery @
Map dare@207 TOO eenesd “Teint ohne
an eee
‘Forms MAP.LOG - “TOTAL” appraisal software by a fa moda, tie. « 1-800-ALAMODE

Location Map
Borrower.
Proparty Addess 1 Harel Gt
tly Waterford County _New London Stalo_ CT 2pCode 06385.
Lendey Client Joane Martain Olawale
Form MAP.LOC = "TOTAL" appraisal software'by a farmade, inc, ~ 1-B00-ALAMODE

Burns Appraisal LLG,
FROM:
Burns Appraisal LLC.
Bums Appraisal LLC,
27 Crescent Ave
Niantic, CT 06367-3034
‘Telephone Number: (860) 691-2458
INVOICE
= 2 INVOWENUMBEH:
09/23/2022
10/23/2022
{nvoles Date:
Fax Humber: (860) 739-8302
Due Date:
TO;
doane Marlain Olawale
doane M, Olawale, LLC
P.O, Box 453
Niantic, CT 06357
E-Malk jolawate@jmalawfirm.com
Telephone Number:
Altemsate Humber:
Snlernal Order A
Lender Gase ft
lent File #1
PHA/VA Case
Matin Fite # on form:
Other Fite # on form:
Federal Tax ID;
Employer ts
Fax Numbet:
KNL-CV-1 1-60115B3-S.
KNL~OV-11-6011583-S
APPRAISAL REPORT
Legal Dascription:
Appraisal
Bate:
Check #: Data:
Cheek #: Date:
Lend Joane Merlain Olawale
Purchaser/Botrowar:
Property Address; 1 Hamel! Ct
ly: Waterford
County: = New London
Joane Mertain Otawale
States CT Zip:
06385
Volume.0586 Page 0144
SUBTOTAL
Deseription: I
Description:
Description:
‘SUBTOTAL
480.00
450.60
TOTAL BUE
nF
460.00
Form NIVSD - "TOTAL" apnralsal software by ala moda, Inc. - 1-600-ALAMODE

Appraiser Certification and Scope of Work - P:
scope of work & Appraiser Certification - Page 1
‘This repon term is prety with nity
Relcbganiiapreduri cooks Ul) Tose inn ona enrad co rapon an epprsaaicla
Ths apart eublect th ‘of work, tended use, Intoncied user, definition of merkat value,
Tesora foto weap
toniaended eetriono iv, of barren | denting conditions pomtd. re eppraier
a, user, oF era rot
‘texpnnd tho scope af wark to Indtude any eddidonal mssarch or enahysls, based on a res
‘oF datetions to the apetiicetions ara niso notpermitted,
Ps pri ret eercos oii eps pa rhe ae tog town snd beeps
me epprecaal
SCOPE OF WORK: The soope of werk for thi eppreans I delved Lat yf thls persia sssigrrnent end ihe
thls appeals par form, marke! velue, etaterent of
nine ane Ging condense ‘Serttications, The Crna 80 eminkmerre{1) 2 compiaio vinust
hasnt sro ol th Sb prpery fmm tne nes, (2) spac th 3) bexpoct nach af ve
‘private sources,
sorrpornb ko rm last haere, (4)rasaarch, vty, dents cea fom relia publ andr
{Sel rope rer nati ope. rd puncte tea apa eapan
SNTENDED UBE: The intended use ofthis, Is for the lendaticSent to evaluate the property that a the
‘eublpel of this appraisal for a mortgage finance
tra