Chirco.pdf

Paul Chirco, Petitioner V City Of St. Clair Shores, Respondent · 24-003404-TT

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STATE OF MICHIGAN 

WIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULA 

AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

PROPERTY TAX APPEAL. PETITION FORM 

VALUATION / EXEMPTION / CLASSIFICATION APPEAL 

Do not use this form to appeal Principal Residence Exemption, Qualified Agricultural Exemption, Special Assessment, or 

Non-Property tax disputes. 

Pursuant to Michigan Tax Tribunal Rule (TTR) 277(3), you MUST submit a copy of the notice giving rise to the appeal 

(e.g. Board of Review Decision or Notice of Uncapping) with this Smal Claims Petition, if applicable. if you do not 

submit this document, you may be held in default. 

Section 1: Petitioner’s Contact Information 

First Name 

MI 

Last Name/Company Name 

FAUL. 

7 | CHICO 

Mailing Address (No., Street, P.O, Box or Rural Route), 

Fi%AS HARKDW 

WA 

J 

State 

ZIP Code 

SHELBY Tw 

Wt | G53 /6 

Telephone Number 7 

Fax Number 

229. 0078 

E-mall Address (do not enter unless you want MTT to send all correspondence via e-majl) 

PUHTREO 

€ CHIR CO TITLE 

. Lr 

Section 2: Petitioner's Attorney/Authorized Representative’s Contact Information 

First Name 

Last Name 

Firm Name (if any) 

Address (No., Street, P.O, Box or Rural Route) 

City or Town 

State 

ZIP Code 

Telephone Number 

Fax Number 

E-mail Address (do not enter unless you want MTT to send all correspondence via e-mail) 

Section 3: Subject Property Information 

How many 

If you are appealing more than one parcel, are they contiguous or adjoining? 

parceisareyou | [[] vest 

[J] No** 

appealing? 

Hf yes, use a multiple parcel form for information regarding any contiguous parcels.

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

1 ANSING 

DIRECTOR 

Section 4: Issues Being Appealed (check all that apply) 

[1 True Cash and Taxable Value 

{J Poverty Exemption 

PX raxable Value Only (calculation) 

{J Disabled Veterans Exemption 

[7 Uncapping of Taxable Value 

1 Eligible Manufacturing Personal Property (ESA) 

E 

[[} Exemption from Taxation (other than the denial of a 

[J classification 

Principal Residence or Qualified Agricultural Exemption) 

Section 5; Explain the Reason for this Appeal 

@ g 

loc? We fails fn 

eZ, 2023 g-PlSR0, <A jad 

added why 

dhork. 2 ply A 

fol 

TB 

a 

Section 6: Jurisdictional Issues 

Year(s) you are appealing: 

OL 

ral 

\_2 

Did you protest the assessment at a Board of Review (sory? XX] Yes 

[a] No 

if Yes, check which BOR you attended AND attach the BOR decision: Jf march 

[] auly 

[J December 

If No, check the applicable reason(s): 

[| Not required to attend 

Assessment Change Notice was not received by Petitioner 

[] Appealing a purported Clerical Error or Mutual Mistake of Fact {if yes, include explanation in Section 5) 

[m} Appealing within 35 days of State Tax Commission Order

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON |, BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

Section 7: Valuation Information use the multiple parcel form for additional, contiguous parcels, 

Parcel! Identification Number: 

5009-14-22 - 153-015 

Classification of Property: 

eal 

Personal 

(check one) 

O 

Agricultural 

Commercial 

Industrial 

Residential 

Timber-Cutover 

Developmental 

Utility 

(check one) 

0 

i) Value {also known as State Equalized Value) as established by the BOR: 

[A6,000 

Current 

Taxable Value as established by the BOR: 

[26,000 

What do you believe is the fair market value (also known as True Cash Value)? 

199,000 

Multiply the, True Cash Value by 

.5 and enter here. This is your contention of Assessed Value. 

9s ac 

If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 

Section 8: Classification Information only the Mi Dep't of Treasury may appeal this issue to the Tribunal* 

Parcel Identification Number: 

Current Classification of Property as established by Board of Review: 

Real 

Personal 

{check one) 

; 

mn 

| 

Agricultural 

Commercial 

Industrial 

Residential 

Timber-Cutover 

Developmental 

Utiity 

(check one) 

i 

What do you believe is the property’s classification? 

Real 

Personal 

(check one} 

0 

a 

Agricultural 

Commercial 

Industrial 

Residential 

Timber-Cutover 

Developmental 

Utility 

(check one) 

If improved property, how is the property currently being used? 

if improved property, for what use was the property designed?

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

Fee Information 

Does the subject property have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition? 

] ves I(r 

Are you appealing ONLY the denial of a Poverty Exemption or Disabled Veterans Exemption? 

[7] ves 

No 

If you answered yes to either or both of the above questions, you are not required to pay any filing fees. 

The filing fee is based on the greater of the State Equalized Value or Taxable Value In contention. 

If you are appealing more than one 

parcel, the parcel with the highest State Equalized Value or Taxable Value in contention will be used to determine your filing fee, plus 

$25.00 will be added for each additional parcel being appealed, not to exceed a total filing fee of $1,000. 

if your property Is residential property {see MCL 205.762) and 

the State Equalized Value or Taxable Value in contention is: 

Filing Fee is: 

$100,000.00 and under 

$126.00 

$100,000.01 to $500,000.00 

$200.00 

$Over $500,000.00 

$300.00 

if your property is 

NOT residential property (see MCL 205.762) and 

the State Equalized Value or Taxable Value in contention is: 

Filing Fee is: 

$100,000.00 and under 

$250.00 

* Plus $25.00 for each additional parcel, as indicated above. 

If your property is 

NOT residential property and the State Equalized Value or Taxable Value in contention is $100,000.01 or greater the 

appeal does not qualify for Small Claims, Therefore, an Entire Tribunal petition must be filed, 

Signature required 

P 

Np Signature: 

Isl 

2 

7 7 

7 

ye 

[ide

2024 BOARD OF REVIEW DECISION 

! 

FROM 

Assessing Department 

City of St. Clair Shores 

27600 Jefferson Circle Drive 

St. Clair Shores, MI 43081 

NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL: 

IDENTIFICATION: (Parcel Code required, Property address 

escription optional): 

5009-14-26-153-018 

10 MILERD 

CHIRCO, DENISE A/ PAUL T 

2045 HARROW WAY 

2 

r 

a 

! 

SHELBY TWP M143316 

| 

LAKE ST. CLAIR GARDENS SUBN NO 

1 (LI). P63) E 20 OF 

{ 

LOT 1538 & ALL OF LOT 139 ALSO ALL THAT PART OF 

VACATED 10 MILE ADJ 

THIS PROPERTY IS CLASSIFIED 

402 

(RESIDENTIAL-VACANT) 

Thank you for attending this years March Board of Review. The Board has reviewed the information you supplied and the data necessary 

10 compute your assessment and taxable value. 

The Board has completed their review ot parcel number 

5009-14-26-153-018 

They have made the following determination based on the information you supplied. 

[2024 ORIGINAL ASSESSED VALUE 

126,000 

2024 "BOARD OF REVIEW" ASSESSED VALUE 

126,000 

| 

(If the above amounis are the same, no revisions have occured) 

2024 ORIGINAL TAXABLE VALUE 

' 

126.000 

2024 "BOARD OF REVIEW" TAXABLE VALUE 

126,000 

2024 

PRINCIPAL RESIDENCE EXEMPTION/QUALIFIED AG 

0.0000 

Please fee! fice to contact the assessor at the address listed above or call if you have any guastions. 

If you disagree with the decision of the Board of Review you may appeal to the Michigan Tax Tribunal, Effective March 1. 241%, the 

Tribunal no Jonger will accept small claims letter appeals. You are required to file a petition to injtiate a new small claims appeal. Petition 

forms are available on their website https://www.michigan.gov/taxtrib/0,4677,7-187-38254---,00.html 

. The deadline for appeals are May 

31 for Commercial Real, Industrial Real, Commercial Personal, Industrial Personal and Utility Personal Property. The deadline for 

Residential property is July 31. 

Michigan Tux Tribunal 

P.O. Box 30252 

Lansing, MI 48909

Witigen Deparment o Treasury, 

THIS 

IS NOT A TAX BILL 

L-4400 

Notice of Assessment, Taxable Valuation, and Property Classification 

1000 

This form is issued under the authority of PLA, 206 of 1893, Sec. 211.24 (c) and Sec.211.34c, as amended. This is a model assessment notice to be used by the local assessor, 

- 

FROM: Assessing Department 

PARCEL IDENTIFICATION 

City of St. Clair Shores 

PARCEL 

: 

-14-26- 

- 

27600 Jefferson Circle Drive 

RCEL 

NUMBER 

5009-14-26-153-018 

St. Clair Shores, MI 48081 

PROPERTY ADDRESS: 

10 MILE RD 

: 

ST CLAIR SHORES, MI 48080 

WNER'S 

ESS, 

: 

. 

[s} 

NAME & ADDR 

PERSON NAMED ON ASSESSMENT ROLL: 

PRINCIPAL RESIDENCE EXEMPTION 

% 4% AUTOS 

+ALL FOR AADC 480 

. 

% Exempt As "Homeowners Principal Residence”: 

00% 

CHIRCO, 

DENISE A/ 

PAUL 

T 

% Exempt As "Qualified Agricultural Property": 

00% 

Saree 

omer a) 8316-1353 

% Exempt As "MBT industrial Personal”: 

00% 

delet 

pdegrgelxpahaliand py 

sg faa Eble sks 

% Exempt As "MBT Commercial Personal”; 

00% 

Exempt As "Qualified Forest Property™ 

| Yes 

No 

Exenipt As "Development Property" 

[7] Yes 

No 

i 

LEGAL DESCRIPTION: 

| 

LAKE ST. CLAIR GARDENS SUB'N NO 1 (L10, P85) E'20' OF LOT 158 & ALL OF LOT 159 ALSO ALL |HAT PART OF VACATED 10 

MILE ADJ 

ACCORDING TO MCL 211.34c THIS PROPERTY IS CLASSIFIED AS: 

402 

(RESIDENTIAL-VACANT) 

PRIOR YEAR'S CLASSIFICATION: 

402 

(RESIDENTIAL-VACANT) 

The change in taxable value will increase/decrease your tax bill for the 2024 

PRIOR AMOUNT 

CURRENT 

CHANGE FROM 

year by approximately: 

$5,138 

YEAR: 

3029 

ver MOR | Coe ven 

1. TAXABLE VALUE: 

68,193 

126,000 

57,807 

2. ASSESSED VALUE: 

126,000 

126,000 

0 

3. TENTATIVE EQUALIZATION FACTOR: 

1.000 

4. STATE EQUALIZED VALUE (SEV): 

126,000 

126,000 

0 

5. There WAS or WAS NOT a transfer of ownership on this property in2023 

WAS 

6. Assessor Change Reason: 

The 2024 Inflation rate Multiplier is: 1.05 

Questions regarding the Notice of Assessment, Taxable Valuation, and Property Classification may be directed to the Following: 

Name: 

Phone: 

Email Address: 

Vicky Shipman 

. 

586-447-3355 

vickys@scsmi.net 

March Board of Review Appeal Information. The board of review will meet at ie fotowing dafes and times:

File No. 10 Mite Vag Land 

i 

John E Sloan Living Trust 

File Number: 

10 Mite Vac Land 

In accordance with your request, 

| have appraised the real property at: 

09-14-26-153-018 10 Mile Road 

Saint Clair Shores, Mi 48080 

The purpose of this appraisal is to develop an opinion of the market value of the subject property, as vacant. 

The property rights appraised are the fee simple interest in the site. 

In my opinfon, the market value of ihe property as of 

March 27, 2023 

is: 

$165,000 

One Hundred Sixty-Five Thousand Dollars 

The attached report contains the description, analysis and supportive data for the conclusions, 

final opinion of value, descriptive photographs, limiting conditions and appropriate certifications. 

2 

EDWARD J. 

ded Res. Appraiser

LAND APPRAISAL REPORT 

File No. 10 Mile Vag Land 

Properly Address 09-14-26-153-018 10 Mite Road 

Census Tract 2519.00 

LENDER DISCRETIONARY USE 

Cly Saint Clair Shores 

County Macomb 

Stale Mt 

ZIp Code 48080 

Sale Price 

3 

a Lega! Description See Attached Addendum 

Date 

I. Owner/Occupant Vacant Lot 

Map 

Reference SMSA 2160 

Morlgage Amounl ~~ 

§ 

PE Sale Price 

$ Na 

Date of Sale Na 

Properly Rights Appraised | Morgage Type 

7] Loan chargesfconcesslons lo be paid by seller 

$ Na 

Fee Simple 

Discount Polnts and Other Concessions 

RE Taxes$ 3.1990.58 

Tax Year 2022 

HOA $i. 0.00 

0) 

teashold 

Pald by Selter 

$ 

LeaderiClient John E Sloan Living Trust 

0 

Condominium (HUDAVA) 

PUR 

Source 

LOCATION 

J urban 

Suburban 

Rurat 

NEIGHBORHOOD ANALYSIS 

Gus 

Ag 

fat 

Pou 

BUILTUP 

Over 75% 

[J 25.75% 

(under 25% 

Employment Stablity 

Ox00 

GROWTH RATE 

(J Rapid 

(X} stavte 

OJ stow 

Convenience to Employment 

(] 

0g) 

PROPERTY VALUES 

increasing 

[I] Stable 

[I] Declining 

Convenience 10 Shopping 

(] X 0 [| 

DEMAND/SUPPLY 

Shortage 

0 

In Balance 

[I] Over Supply 

Convenience to Schools 

0 

[I] [I] 

MARKETING TIME 

Under 3 Mos. 

(3 3:6 wos. 

(7) over 

6 Mos. 

Adequacy of Public Transportation 

(_) (x) £3 OJ 

fs} PRESENT LAND USE % 

LAND USE CHANGE 

| PREDOMINANT 

SINGLE FAMILY HOUSING | Recreation Facies 

oxO0 

[#1 Single Family 

100%] Not Likely 

OCCUPANCY 

PRICE 

AGE 

{Adequacy of Facillies 

O 

O00 

[5 2-4 Family 

0%] Likely 

(OJ 

owner 

$(000) 

(yrs) 

Property Compallbliily 

(I 

00 

fed Mull-Farally 

0%] In process 

3 

{vena 

250 Low 

1| 

Protection from Detrimental Cond.) 

[a] 

(El commercial 

0%] To: 

Vacant (05%) 

900 High___120 | Police 

& Fire Protection 

oxod 

3 Industrial 

0%) 

Vacanl (over 5%) 

] 

Predominanl 

General Appearance of Propetiies 

[I] 

0 [] 

Vacanl 

0% 

450 - 

70 | Appeal to Markel 

0 

00a 

Note: Race of Ihe racial composition of the neighborhood are nol considered reliable appraisal factors. 

comMMENTSThe subject neighborhood consists of a 

mixture of architectural styles and designs of single family dwellings. The neighborhood is in close proximity to main roads, schools, 

hospitals, 

and all normal city services including, pofice and fire departments. 

Dimensions 60x108 

Topography 

Level 

Ste Area 

6480 Sq.Ft, 

Corner Lol No 

Size 

Average 

Zoning Classification RA 

Zoning Compliance Single Family 

Shape 

Rectangutar 

HIGHEST & BEST USE: Present Use Vacant 

Other Use 

Drainage 

None 

UTILITIES 

Public 

Other 

SITE IMPROVEMENTS Type 

Public 

Privale 

View 

Electricity 

Street 

Asphalt 

Landscaping 

None 

Gas 

CubiGutter 

None 

Driveway 

None 

Water 

Sidewalk 

None 

Apparent Easements 

None 

Sanilary Sewer 

[9] 

Sireef Lights 

Yes. 

FEMA Flood Hazard 

Yes" 

No X 

Slorm Sewer 

Alley 

None 

a 

0 

FEMA" MapiZone 

X LOMA 

Comments (Apparent adverse easements, encroachments, special assessments, slide areas, efc.): 

The subject is sited on a canal front lof and has a Lake 

St. Clair view in the front of the lot. The lake view slightly adds to the value and marketability of the subject. There is a steel seawall at 

both water fronts. 

‘The undersigned has recited three recent sales of properties mos! simlilar and proximale 10 subject and has consldered (hese In ihe maskel analysis. The descripiion Includes a dollar 

adjustment, reliecting marke! reaclian lo Ihose flems of significant varialion betwaen the subject and comparable properties. 

If a significant Hem in the comparable property is superior 

1, nt more favorable than, Ihe subject properly. a mines (-) adjustment is made, thus reducing (he Indicated value of subject: 

Jt a significant lem in the comparable Is Inferinr ta, 

or less favorable Ihan, the subject property. a plus (+) adjusiment Is made. thus Increasing the Indicated value of Ihe subjeci. 

ITEM 

SUBJECT 

COMPARABLE NO. 1 

COMPARABLE NO. 2 

COMPARABLE NO. 3 

09-14-26-153-011; 

Lange St. 

41250 Conger Bay 

22625 E 11 Mile Rd. 

Address 

Saint Clair Shore:} 

St. Clair Shores, MI 48080 

Harrison Twp.,MI 48045 

St. Clair Shores, Mi 48081 

Proximity to Subject 

§ 

oa 

0.13 miles SW 

9.66 mites NE 

1.45 miles NE 

Sales Price 

$ 

Na 

[75 

$ 

140,000 f=: 

ER 

218,153 

$ 

260,000 

Pricef 

$ 

[ri] 

}] 

140,000 

RE 

218,153@ 

xn 

ME 

260,0000 

Dala Source 

ro/mi 2220001431 

re/ml 58031395395 

rofml 2210052569 

VALUE ADJUSTMENTS | 

DESCRIPTION 

DESCRIPTION 

| 

3s Atusiment 

DESCRIPTION 

| 

1c rausument 

DESCRIPTION 

| 

3s nssuzen: 

I] Sales or Financing 

SET 

Armth 

| 

ArmLth 

H 

ArmLth 

H 

F Concessions 

; 

: 

Cash;0 

| 

Cash;0 

| 

Conv:0 

i 

Date of Sate/Time 

05/19/2022 

) 

4,200 07/18/2022. 

H 

11/19/2021 

i 

[o] Location 

Residential 

Residential 

H 

Residential 

H 

Residential 

3 

Md SilefView 

CanallLake 

Canal 

: 

20,000! Lake front 

¢ 

-50.0001Canal 

} 

20,000 

Lot size 

680x108 

£3x109 

H 

50x150 

H 

51x120 

: 

rl 

H 

H 

1,142 square ft. 

¢ 

 -114,000 

} 

: 

hame on site 

: 

7 

i 

i 

Net Ad], {ital} 

[I] 

24200{T 

J. 

04-15 

56,000{{+ 

IR 

94,000 

Indicaled Value 

LL 

so 

Gress 

ATS 

Gross: 

22.9 

Gross: 

515 

of Subject 

i 

Net: 

1731s 

164,200 | Net: 

-2291% 

168,153 | Nel: 

-36.213 

166,000

LAND APPRAISAL REPORT 

The undersigned has reciled three recent sales of properlies mosi similiar and proximate 10 subject and has considered these In the markel analysls, 

The description includes 2 doliar 

adjustment, reflecting markel reaction to those lems of signiticanl varialten between the subject and compatable properties. 

Il 

significant lem in Ihe comparable properly 

Is superior 

to, of more favorable than, Ihe subjecl properly, 

a minus {-) adjusimenl Is made. thus reducing the Indicated vatua of subjecl: It a siynificanl item in the comparable Is Inferior tn, 

File No. 10 Mile Vac Land 

of fess faverable Ihan, the subject praperty. 3 plus (+) adjusimant is made, thus increasing the indicated value of the subject. 

ITEM 

SUBJECT 

COMPARABLE NO. 4 

COMPARABLE NO. 5 

COMPARABLE NO. 6 

09-14-26-153-01¢] 27900 Jefferson Ave. 

22607 E 11 Mile Rd. 

[2] Address 

Saint Clair Shore:| Saint Clair Shores, 

Mt 48081 

Saint Clair Shores, Mt 48081 

Proximily to Subject 

¢ 

TETTE11.52 miles NW 

1.45 miles NW. 

Sales Price 

3s 

Na 

$ 

262,000 | 

MEY 

§ 

282,500 

3 

Price/ 

5 

@is 

262,000 

«74 

282,500." 

cols 

vi] 

Data Source 

rofml 20221052751 

re/mi 2210044894 

Ed VALUE ADJUSTMENTS | 

DESCRIPTION 

DESCRIPTION 

| 

vgs pgustnent 

DESCRIPTION 

| 

(55 rgosioent 

DESCRIPTION 

| 

(3¢ asucinons 

Fd Sales 

or Financing 

i 

THEE 

Armbth 

} 

ArmLth 

‘ 

: 

Fd Concessions 

Conv;0 

; 

Conv;-2500 

: 

2,500 

: 

[8] Date of Sale/Time 

10/18/2023 

i 

08/27/2021 

H 

: 

I] Location 

Residential 

Residential 

H 

Residential 

H 

H 

Eq Stteviews 

CanalfLake 

Canal 

i 

20,000] Canal 

20,000 

i 

Lot size 

60x108 

56.70x108 

H 

51x120 

H 

H 

1,664 square ft. 

 ' 

 -156,000(1,142 square ft. 

+ 

114,000 

) 

home on site 

: 

home on site 

: 

: 

1 

i 

1 

} 

H 

i 

Net Ad, {lofa) 

0. 

Xs 

136000{[ J. 

[XJ]. 

is 

96500103, 

(J. 

7s 

Indicated Value 

Grogs: 

"67,2 

Gross: 

48; 

Gis: 

p 

of Subject 

: 

Nelo 

519s 

126,000 [ei 

7134.2 | 5 

186,000 { Nef: 

$ 

Comparable sales #4 and #5 were utili ized as additional support to the estimated market value of the subject.

ADDENDUM 

Borrower: 

File No.: 

10 Mile Vac Land 

Property Address: 09-14-26-153-018 10 Mile Road 

Case No: 

City: Salnt Clair Shores 

State: Mi 

Zip: 48080 

Lender: John E Sioan Living Trust 

Legal Description 

LAKE ST. CLAIR GARDENS SUB'N NO 1 (L109, P65) E 20' OF LOT 158 & ALL OF LOT 159 ALSO ALL THAT PART OF 

VACATED 10 MILE ADJ

File No. 

10 Mile Vac Land 

DEFINITION OF MARKET VALUE: 

The most probable price which a property should bring in a competitive and open market 

under all conditions requisite to a fair sale, the buyer and seller, each acling prudently, knowledgeably and assuming ihe price is not 

affected by undue stimulus. 

Implicit In this definition Is the consummation of a sale as of a specified dale and the passing of title from 

seller to buyer under conditions whereby: (1) buyer and seller are typically motivaled; (2) both parties are well informed or well advised, 

and each acling in what he considers fis own best interest; (3) a reasonable lime is alowed for exposure in the open market; (4) payment 

Is made in terms of cash in U.S. doliars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal 

consideration for the properly sold unaffected by special or creative financing or sales concessions® granted by anyone associated with the 

sale. 

“Adjustments lo Ihe comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for 

those costs which are normally paid by sellers as a result of traditlon or law In a market area: these costs are readily identifiable since the 

seller pays these costs in virtually all sales transactions. Speclal or crealive financing adjustments can be made to the comparable properly 

by comparisons to financing lerms offered by a third party institulional lender that Is not already involved In the property or Iransaclion. Any 

adjustment should not be calculated on a mechanical dollar for dollar cos of the financing or concessien but the dollar amount of any 

adjustment should approximate the market's reaction to he financing or concessions based on the Appraiser's judgment. 

STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION 

CONTINGENT AND LIMITING CONDITIONS: 

The appraiser's cerlification that appears in the appralsal report is subject to the 

following conditions: 

1. The appraiser wili nol be responsible for matlers of a legal nalure thal affect either the property being appraised or the lilie lo it. 

The 

appraiser assumes thal the Wille Is good and marketable and, therefore, will nol render any opinlons about the title. The property is appraised 

on the bass of it being under responsible ownership, 

2. The appraiser has provided a skelch in ihe appraisal reporl lo show approximate dimensions of lhe improvements and the sketch Is 

included only to assist the reader of he report in visualizing the property and understanding the appraiser's delermination of its size. 

3. The appraiser has examined the avalfable fiood maps thal are provided by the Federal Emergency Management Agency (or olher dala 

sources) and has noted in the appraisal report whether the subject site Is located in an identified Special Flood Hazard Area. Because the 

appraiser Is nol a surveyor, he or she makes no guaranlees, express or implied, regarding this determination. 

4. The appraiser wilt not give lestimony or appear in courl because he or she made an appraisal of the property in question, unless specific 

arrangements to do so have been made beforehand. 

5. 

The appraiser has estimaled the value of the land in the cost approach at its highest and best use and the improvements at Lheir 

coniributory value. These separate valuations of he land and improvemenls must not be used In conjunction with any other appraisal and 

are invalid If they are so used. 

6. The appraiser has noled in the appraisal report any adverse conditions (such as, needed repairs, depreciation, lhe presence of hazardous 

wastes, toxic substances, etc. ) observed during the inspection of the subject property or that he of she became aware of during the normal 

research Involved In performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden 

or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, loxic 

substances, efc. ) that would make the properly mare or fess valuable, and has assumed that there are no such conditions and makes no 

guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such 

conditions that do exist or for any engineering or testing that might be required lo discover whether such conditions exist. Because the 

appraiser is not an experl in the field of envireomenlai hazards, the appraisal reporl must nol be considered as an environmental assessment 

of the property. 

7. The appraiser obtained the information, estimates, and opinions thal were expressed in the appraisal report from sources that he or she 

considers to be reliable and belleves them lo be true and correct. The appraiser does not assume responsibilily for the accuracy of such 

ems that were furnished by other parties. 

8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Slandards of Professional 

Appralsaf Practice. 

9. The appraiser has based his or her appraisal repor! and valuation conclusion for an appraisal (hat is subject to satisfactory completion, 

repairs, or alterations on the assumplion thal completion of the improvements will be performed in a workmanlike manner.

Fie No. 

10 Mile Vac Land 

APPRAISERS CERTIFICATION: 

The Appraiser certifies and agrees that; 

1. Ihave researched the subject market area and have selecled a minimum of three recent sales of properlies most similar and proximale 

{o the subject properly for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the 

market reaction to those lems of significant variation. 

If a significant item in a comparable property is superior to 

. or more favorable than, 

the subject properly, 

1 have made a negative adjustment to reduce the adjusted sales price of the comparable and, If a significant item in a 

comparable property Is inferior to, or less favorable than (he subject property, 

| have made a positive adjusiment 1o increase the adjusted 

sales price of lhe comparable. 

2. 

| have laken into consideration the factors that have an impact on value in my development of the estimate of market value in the 

appraisal report. 

| have not knowingly withheld any significant information from the appraisal report and 

| believe, io the best of my 

knowledge, that all statements and information in the appraisal report are true and correct. 

3. Islaled in lhe appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject 

only lo the conlingenl and Limiting Conditions specified in Ihis form. 

4. 

I'have no present or prospeclive interest in the property that is the subject to this report, and 

{ have no present or prospective personal 

Interest or blas with respect lo the participants in the transaction. 

1 did not base, either partially or completely, my analysis and/or the 

estimale of market value in the appraisal report on the race, color, refigion, sex, handicap, famifial slatus, or national origin of either the 

prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinily of the 

subject property. 

5. 

| have no present or contemplated fulure inlerest in the subject property, and neither my current or future employment nor my 

compensation for performing this apprafsal is contingent an the appraised value of the properly. 

6. 

Twas not required lo reporl a predetermined value or direction in value thal favors (he cause of the client or any related party, 

the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order lo receive my 

compensation and/or employment for performing the appraisal. 

| did not base the appraisal report on a requested minimum valuation, a 

specific valuation, or he need to approve a specific mortgage loan. 

7. 

| performed Lhis appraisal in conformily with the Uniform Standards of Professional Appraisal Praclice that were adopled and 

promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effeclive date of this appraisal, 

with the exceplion of the deparlure provision of those Standards, which does not apply. 

| acknowledge hat an estimate of a reasonable 

time for exposure in ihe open market Is a condiion in the definition of market value and the estimate 

| developed is consistent with the 

marketing lime noted in the neighborhood section of this report, unless | have otherwise stated in the reconciliation section. 

8. 

1 have personally inspecled the subject properly and the exierior of all properties lisled as comparables 

in the appraisal reporl. 

| further cerlify ihat 

| have noted any apparent or known adverse conditions in the subject improvements, on the 

subject site, or on any site within the immediate vicinity of lhe subject property of which 

1 am aware and have made adjustments for these 

adverse conditions in my analysis of the property value 1o the extent thal 

| had market evidence to suppor them. 

1 have also commented 

about Ihe effect of the adverse conditions on the marketabllily of the subject property. 

9. 

| personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. 

If 

| relied on 

significant professional assislance from any individual or individuals in lhe performance of the appraisal or the preparalion of the appraisal 

report, 

| have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of Lhis appraisal 

report. 

| certify that any Individual so named Is qualified to perform the fasks. 

| have not authorized anyone fo make a change fo any item in 

the report; therefore, if an unauthorized change is made to the appraisal report, 

1 will take no responsibility for it, 

SUPERVISORY APPRAISER'S CERTIFICATION: 

Ifa supervisory appraiser signed the appraisal reporl, he or she cerlifies 

and agrees thal: 

I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal reporl, agree with the 

slalemenis and conclusions of the appraiser, agree fo be bound by the appraiser's certificalions numbered 4 through 7 above, and am taking 

full responsiblity for the appraisal and the appralsal reporl. 

ADDRESS OF PROPERTY APPRAISED: 

09-14-26-153-018 10 Mile Road, Saint Clair Shores, M|, 48080 

APPRAISER: 

SUPERVISORY APPRAISER (only if required)

SUBJECT PROPERTY PHOTO ADDENDUM 

Borrower: 

File No. 

10 Mile Vac Land 

Property Address: 09-14-26-153-018 10 Mile Road 

Case No. 

City: Saint Clair Shores 

Stale: MI 

Zip: 48080 

Lender: John E Sloan Living Trust 

FRONT VIEW OF 

SUBJECT PROPERTY 

Appraised Date: March 27, 2023 

Appraised Value: $ 165,000 

REAR VIEW OF 

SUBJECT PROPERTY 

STREET SCENE

Borrower: 

File No.: 

10 Mite Vac Land 

Properly Address: 09-14-26-153-018 10 Mile Road 

Case No.: 

Cy: Saint Clair Shores 

State: MI 

Zp: 48080 

Lender: John E Sloan Living Trust 

View across from subject 

View rear of subject

LOCATION MAP 

Borrower: 

File No.. 

10 Mile Vac Land 

Properly Address: 09-14-26-153-018 10 Mile Road 

Case No.: 

City: Saint Clair Shores 

State: Mi 

Zip: 48080 

Lender: John E Sloan Living Trust 

Al 

¢ Colfipatabié S4 

Coinparable 

Sale 3: 

22625 E 11 Mife Ro. 

St, Clair shares, M1-48083 

3 nites NW. 

Subject, 

09-14-26-153-018 10-Mlile Road 

airit Clair Shores, 

43080. 

| 

1 

“si. Cal shores, Mt 43080 

[ 

0.14 miles SW

AERIAL MAP 

Borrower: 

10 Mife Vac Land 

Properly Address: 09-14-26-153-018 10 Mile Road 

Flie No.: 

Case N 

City: Saint Clair Shores 

State: MI 

Zip; 48080 

Lender: John E Sloan Living Trust

Borrower: 

File No. 

10 Mile Vac Land 

Property Address: 09-14-26-153-018 10 Mile Road 

Case No. 

Clty: Saint Clair Shores 

Stale: MI 

Zip: 48080 

Lender: John E Sloan Living Trust 

STATE OF MICHIGAN 

Pe38367 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

BUREAU 

OF PROFESSIONAL 

LICENSING 

GRETOHEN VALIMER 

GOVERNOR 

CERTIFIED RESIDENTIAL APPRAISER 

LICENSE 

§ EDUARD JOSEPH NADER: 

dR 

- 

Th DocuMEUT IT DULY SUED 

Liens ng. 

CHPIRATION BAIE 

RUDIT HO 

A 

TE Law oF TE STATE 

1204001374 

pD?/31/20823 

3yIu228 

oF Meal 

RRR

American Land Title Association 

ALTA Settlement Statement - Borrower/Buyer 

Adopted 05-01-2015 

Chirco Title Agency, Inc. 

ALTA Universal ID: 1032110 

26800 Harper Ave. 

St, Clair Shores, M1 48081 

File No./Escrow No.: 

C-178171 

Print Date & Time: 

July 14, 2023 1:32 pm 

Officer/Escrow Officer: 

26800 Harper Ave. 

St. Clair Shores, MI 48081 

Settlement Location: 

Property Address: 

Vacant E. 10 Mile Rd. 

Saint Clair Shores, MI 48080 

Borrower: 

Paul Chirco and Denise Chirco 

3045 Harrow Way 

Shelby Township, MI 48316 

Seller: 

The John E. Sloan and Marilyn A, Sloan Living Trust dated November 8, 2010 

168 Fisher Road 

Grosse Pointe Farms, M1 48236 

Lender: 

First State Bank 

Settlement Date 

: 

July 14, 2023 

Disbursement Date 

: 

July 14, 2023 

Description 

Borrower 

Debit 

Credit 

Financial 

Lender Credits from First State Bank 

400.00 

Sale Price of Property 

190,000.00 

Loan Amount 

100,000.00 

Loan Charges fo First State Bank 

Underwriting Fee 

950.00 

Credit Report 

88.00 

Flood Certification 

11.50 

Tax Service Fee to Tax Service 

90.00 

Prepaid Interest 

$21.92 per day from 07/14/23 to 08/01/23 

438.36 

First State Bank

Description 

— 

= 

- 

Borrower 

Debit 

Credit 

Title Charges and Escrow/Settlement Charges (continued) 

Coverage: 

$100,000.00 

Premium: 

$603.00 

Version: ALTA Short Form Residential Loan Policy One-to-Four Family Residence 

(2021) 

Owner's Title Insurance to Chirco Title Agency Inc. 

1,247.00 

Coverage: 

$190,000.00 

Premium: 

$1,247.00 

Version: ALTA Owners Policy (2021) 

Government Recording and Transfer Charges 

: 

Record Warranty Deed to Macomb County Register of Deeds 

35.00 

Transfer Tax to Macomb County Register of Deeds 

1,634.00 

Record Certificate of Trust to Macomb County Register of Deeds 

30.00 

Miscellaneous 

2023 Summer Taxes to St. Clair Shores Treasurer 

3,270.22 

09-14-26-153-018 

Municipal Invoice to St. Clair Shores Treasurer 

12.21 

0-14-26-153-018 

: 

Debit 

Credit 

Subtotals 

198,409.29 

100,400.00 

Due from Borrower 

98,009.29 

Totals 

198,409.29 

198,409.29 

Acknowledgement 

Well have carefully reviewed the ALTA Settlement Statement and find it fo be a true and accurate statement of all receipts and 

disbursements made on my account or by me in this transaction and further certify that 

| have received a copy of the ALTA 

Settlement Statement. Wel authorize Chirco Title Agency, inc. to cause the funds to be disbursed in accordance with this 

statement. 

Swng fe 

se Chirco

Michigan Department of Treasury 

2705 (Rev. 11-18) 

Real Estate Transfer Tax Valuation Affidavit 

Issued under authority of Public Act 134 of 1966 and 330 of 1893 as amended, 

This form must be filed with the Register of Deeds for the county where the properly is located either when you choose not lo enter the amount 

paid for real estate on the deed or when you contract for the transfer or acquisition of a controlling interest in an entity if the real property owned 

by that entity comprises 80% or more of the fair market value of the assets of the entity determined In accordance with generally accepted 

accounting principles. “Controlling interest” means more than 80% of the total valus of all classes of stock of a corporation; more than 80% of the 

fotal Interest in capital and profits of a partnership, association, limited liability company, or other unincorporated form of doing business; or more 

than 80% of the beneficial interest in a trust. The tax is based on the value of the real property transferred and Is collected at the time the contract 

or instrument of Fonveyance is submitted for recording. “Value® means the current or fair market worth in terms of legal monetary exchange at the 

time of the transfer. 

1. 

County of Property 

2 

City or Township of Property 

Macomb 

Saint Clair Shores 

8. Names of ALL Sellers 

The John E. Sloan and Marilyn A, Sloan Living Trust dated November 8, 2010 

Seller's Malling Address(es) 

City 

State 

ZIP Code 

168 Fisher Road 

Grosse Pointe Farms 

MI 

48238 

4. Name of ALL Purchasers 

Paut Chirco and Denise Chirco 

Purchaser's Mailing Address(es) 

City 

State 

ZIP Code 

3045 Harrow Way 

Shelby Township 

MI 

48318 

5. 

Type and Date of Documnant 

[J Land Contract 

Date of Contract: 

1 Deed 

Date: 

July 14, 2023 

3 Contracts for the transfer or acquisition of a controlling Interest in entity where 90% or more of the FMV of the assets are eal property, 

The contract may be attached to this form when it is filed with the Register of Deeds. 

Entity Name 

State of Organization 

Date of Contract 

Entity Address 

6 

Cash Payment and/or Debt Ralleved 

7. Amount of Morigage/land Contract 

8. Tota) Consideration (Add lines 6 & 7) 

$80,000.00 

$100,000.00 

$180,000.00 

$. Amount of County Tax 

10. Amount of State Tax 

11. Total Revenue Stamps (Add lines 9 & 10) 

$208.00 

$1,425,00 

$1,634.00 

12. If consideration is less than market value, state market value. 

13. Legal Description of Rea! Estate Transfened 

East 20 feet of Lot 158 and all of Lot 159, also all that part of vacated 10 mile adjacent thereto, "LAKE ST. CLAIR GARDENS SUB'N. NO. 1", 

as recorded in Liber 10, Page 685, of Plats, Macomb County Records. 

CERTIFICATION. 

| 

IB 

: 

1 certify that the information above Is trup and complete fo the best of my knowledge. 

Seliel 

Fo) 

[f signoris other than the seller, print name and title 

dias 

ee, Slooin 

Co-Hdrootex_ 

Seller's 

ture: 

. 

Hf signor Is other than the seller, print nafhe and ite 

C oo

— 

ON 

NN 

xX 

Wy 

N 

WN

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