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WHITE DOVE APPRAISALS <br />403 Main Street, Elk River, MN. 55330 <br />Fie PJo. 060114 <br />Black, Moore, Bumgardner, Magnussen <br />812 Main St. <br />Elk River, MN 55330 <br />File Number: 060114 <br />In accordance with your request, I have personally inspected and appraised the real property at: <br />1433 Main St. <br />Elk River, MN 55330 <br />The purpose of this appraisal is to estimate the market value of the subject property, as improved. <br />The property rights appraised are the fee simple interest in the site and improvements. <br />In my opinion, the estimated market value of the property as of June 8, Zoos <br />is: <br />$288,000 <br />Two Hundred Eighty-Eight Thousand Dollars <br />The attached report contains the description, analysis and supportive data for the conclusions, <br />final estimate of value, descriptive photographs, limiting conditions and appropriate certifications. <br />G <br />Steven C Smith <br />Certified Residential Appraiser <br />