4.9. SR 06-06-2016 - Laserfiche WebLink

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EXTRA ORDINARY ASSUMPTIONS & HYPOTHETICAL CONDITIONS As stated by USPAP; Extraordinary Assumption: An assumption, directly related to a specific assignment, which, if found to be false, could alter the appraiser's opinions of conclusions. The following assumptions are made: • Values assumes the subject is owned free and clear--the appraised value does not take into account any extraordinary interest, rights or easement issues that may exist. • Value assumes that neither parcel is buildable on a standalone basis. • Per survey, the total size for Parcel 3 is 1.29 acres. Appraiser estimates that Parcel 3A represents just over 50% of Parcel 3's total site size or 28,500 SF. • Value assumes that both parcels are 100% useable land area. If any of the above assumptions are found to be otherwise, value could differ. Hypothetical Condition: That which is contrary to what exists but is supposed for the purpose of analysis. None ASSUMPTIONS AND LIMITING CONDITIONS 1. The appraisers assume no responsibility for matters of a legal nature affecting the property appraised or the title thereto, nor do the appraisers render any opinion as to the title, which is assumed to be good and marketable. The property is appraised as though under responsible ownership and good management. 2. The furnished legal description is assumed to be correct. 3. Any sketch in the report may show approximate dimensions and is included to assist the reader in visualizing the property. The appraisers have made no survey of the property. It is assumed unless otherwise noted that no survey has been viewed and that all improvements are located within the legally described property. 4. The appraisers are not required to give testimony or appear in court because of having made the appraisal with reference to the property in question, unless arrangements have been previously made therefore. 5. The distribution of the total valuation in this report between land and improvements applies only under the reported highest and best use of the property. The allocations of value for land and improvements must not be used in conjunction with any other appraisal and are invalid if so used. 6. The appraisers assume that there are no hidden or unapparent conditions of the property, subsoil, or structures, which would render it more or less valuable. The appraisers assume no responsibility for such conditions, or for engineering, which might be required to discover such factors. Nagell Appraisal&Consulting 1 952-544-8966 1 www.callnagell.com 51