Sullivan.pdf

William B Sullivan, Petitioner V Township Of Casco, Respondent · 25-003303-TT

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RE7=TVED 

JUL 0205 

MICHIGA| 

N TAX TRIBUNAL 

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

DIRECTOR 

LANSING 

- 

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) 279, 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 Small 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 

William 

B. 

Sullivan 

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

50 W. Washington Blvd., Suite 2410 

City or Town 

State 

ZIP Code 

Chicago 

IL 

60602 

Telephone Ne 708-692-5555 

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

judgesullivan84@gmail.com 

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

First Name 

M.1. 

Last Name 

Firm Name (if any) 

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

City or Town 

State 

ZIP Code 

Telephone Number 

Email Address (do not enter unless you want MTT to send all correspondence via email) 

Section 3: Subject Property Information 

How many 

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

parcelsareyou | [] vest 

[] No** 

appealing? 

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

1 

**If no, you must file separate appeals for each non-contiguous or non-adjoining parcel or you will be defaulted. 

Property Address (No., Street, City, ST, ZIP) 

[If multiple, list first property's address] 

7143 Maple,

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON |. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

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

True Cash and Taxable Value 

[3 Poverty Exemption 

[Od Taxable Value Only (calculation) 

[} Disabled Veterans Exemption 

O Uncapping of Taxable Value 

[0 

Etigible Manufacturing Personal Property (ESA) 

[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 

Petitioner procured an independent reai estate appraisal of the subject property. The 

Casco Township Board of Review determined the "effective" market value of the 

property as $590,000. The attached appraisal, conducted in May of 2025, appraises the 

subject property at $570,000. 

Section 6: Jurisdictional Issues 

Year(s) you are appealing: 

2025 

Did you protest the assessment at a Board of Review (BOR)? 

Yes 

[I] No 

if Yes, check which BOR you attended AND attach the BOR decision; WN 

varch 

O July 

[] December 

NL 

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) 

[J Appealing within 35 days of State Tax Commission Order 

Appealing within 35 days of receipt of Notice of Uncapping

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

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

Parcel identification Number: 

03-02-181-237-00 

Classification of Property: 

Real 

Personal 

{check one) 

Agricultural 

Commercial 

Industrial 

Residential 

Timber-Cutover 

Developmental 

Utility 

(check one) 

[A 

Current Assessed Value (also known as State Equalized Value) as established by the BOR: 

$295,000 

Current Taxable Value as established by the BOR: 

$295,000 

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

$570,000 

Multiply the True Gash Value by .5 and enter here. This is your contention of Assessed Value. 

$285,000 

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 dept 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} 

0 

Agricultural 

Commercial 

Industrial 

Residential 

Timber-Cutover 

Developmental 

Utility 

(check one) 

What do you believe is the property’s classification? 

Real 

Personal 

{check one) 

a 

Agricultural 

Commercial 

Industrial 

Residential 

Timber-Cutover 

Developmental 

Utility 

(check one) 

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

Ifimproved 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? 

[7 Yes 

No 

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

[J Yes 

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 mare 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 

$125.00 

$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 

Petitioner 

or Attorney/Authgrized 

Representative’s 

Toles 

| 

w=" 

.

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON 1. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

PAPER FILING INSTRUCTIONS FOR 

VALUATION/EXEMPTION/CLASSIFICATION APPEAL 

Follow these instructions for filing this small claims petition. For any questions that are 

not answered in these instructions, see the Tribunal's website at 

www.michigan.gov/taxtrib or contact the Tribunal at 517-335-9760. 

Mail the completed form to: 

Michigan Tax Tribunal 

611 W. Ottawa St., Lansing, Ml 48933 

U.S. Postal Mailing Address: PO BOX 30232, Lansing, MI 48909 

Other Carriers (UPS, FedEx, DHL): 

2nd Floor MTT, 2407 N. Grand River Avenue, Lansing, MI 48906 

Section 1: Petitioner's Contact Information: “Petitioner” is the person, business, or 

entity filing the appeal. 

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

Petitioner does not have to be represented by an attorney or authorized representative 

to file an appeal with the Tribunal. 

If Petitioner is represented, provide all contact 

information for the attorney or authorized representative. If Petitioner elects to have an 

attorney or authorized representative, only the attorney or authorized representative will 

receive notices and documents from the Tribunal. 

IMPORTANT: If the contact information for Petitioner, or the attorney or authorized 

representative, 

if listed, includes an email address, the Tribunal will use that email 

address to electronically serve all future documents issued by the Tribunal. A request by 

Petitioner or Petitioner's attorney or authorized representative to opt out of electronic 

service once an email address is provided must be made in writing. 

Section 3: Subject Property Information: 

« 

How many parcels are you appealing: List the number of parcels under 

appeal. 

¢ 

Are they contiguous or adjoining: If multiple parcels are being appealed, 

indicate whether the parcels are adjoining. If multiple parcels are being appealed, 

a separate petition must be filed for each non-adjoining parcel being appealed. 

¢ 

Property Address: Provide the address of all properties being appealed.

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

Section 5: Explain the Reason for this Appeal: Explain the reason(s) for the appeal. 

Section 6: Jurisdictional Issues: 

+ 

Year(s) you are appealing: List the tax year(s) being appealed. If more than one 

year is being appealed, explain the reason(s). 

+ 

Did you protest the assessment at a Board of Review (BOR): Indicate 

whether Petitioner protested the assessment to 

a BOR. 

* 

If Yes, check which BOR you attended: Check which month Petitioner 

attended the BOR. 

« 

If No, check the applicable reasons: If Petitioner did not attend a BOR, indicate 

why you did not attend. 

+ 

Did you request a Poverty Exemption at the BOR: indicate whether Petitioner 

requested a poverty exemption at the BOR. 

* 

If Yes, check which BOR considered your application AND attach the BOR 

decision: If Petitioner requested a poverty exemption at a BOR, indicate which 

month the exemption was requested at the BOR. 

* 

If No, explain why: If Petitioner did not request a poverty exemption at a BOR, 

explain the reason(s) the poverty exemption was not requested at 

a BOR. 

Section 7: Valuation Information: Use the Multiple Parcel Form for additional parcels, 

if necessary. True cash value is the property's “usual selling price” or market price. 

Taxable Value is the lesser of the property's State Equalized Value or its capped value. 

Taxable value may only increase by the rate of inflation or 5% (whichever is less) in a 

given year, unless there are additions to the property. 

* 

Parcel Identification Number: Each parcel number being appealed must be 

listed. 

* 

Classification of Property: Check the classification of the property being 

appealed. 

e 

Current Assessed Value (also known as State Equalized Value) as 

established by the BOR: Provide the current state equalized value (which is 

50% of the true cash value), for the year(s) under appeal. (NOTE: this 

information can be found on the Notice of Assessment or from the decision of the 

BOR). 

+ 

Current Taxable Value as established by the BOR: Provide the current 

taxable value, for the year(s) under appeal. (NOTE: this information can be found

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON |. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

* 

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

Value, enter your contention of Taxable Value: List Petitioner's belief of the 

taxable value of the property for each tax year at issue. 

*If a parcel is being appealed for multiple years, provide the information for each year, 

for each parcel under appeal. 

Use a separate sheet of paper, if necessary. 

Section 8: Classification Information 

+ 

Parcel Identification Number: Each parcel number being appealed must be 

listed. 

+ 

Current Classification of Property as Established by BOR: Check the 

classification of the property being appealed. 

+ 

What do you believe is the property’s classification: Check what you believe 

the classification of the property is. 

+ 

If improved property, how is the property currently being used: Explain the 

current use of the property. 

« 

[If improved property, for what use was the property designed: Explain what 

the property was designed to be used for. 

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: If the property at issue has a 

principal residence exemption of 50% or more at the time of the filing of the 

petition, no fee is required. 

* 

Are you appealing ONLY the denial of a Poverty Exemption: There is no fee 

for filing a poverty exemption appeal. However, 

if you are filing both a valuation 

and poverty exemption appeal, you must still pay the filing fee due for the 

valuation portion 

if you answered “no” to the question above. 

Use the chart on the petition form to determine the fee. Add $25 for each additional, 

adjoining parcel that you are appealing, not to exceed a total fee of $1,000. 

If there is 

more than one adjoining parcel under appeal, use the parcel with the highest State 

Equalized Value or Taxable Value in contention for the base fee. If filing multiple 

petitions, a separate payment must be made for each individual appeal or petition. 

Checks, money orders, or other draft payments must be made payable to the State of 

Michigan.

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON 1. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

REMINDERS: 

Pursuant to TTR 279, Petitioner shall provide the Tribunal a copy of the notice or 

action taken by the local board of review or other unit of government. 

You must submit the original, signed completed petition form to the Tribunal. You 

should also keep a copy for yourself. 

Multiple Parcel Attachment to Petition Form: Only use this form if you are appealing 

multiple contiguous (adjoining) parcels in the same appeal. Additional copies of this 

form can be used, as needed. If you are appealing only one parcel, disregard this form. 

See above instructions on Valuation information for Each Parcel under Appeal. 

The Tribunal will issue a Notice of Filing after an answer is filed and indicate the case is 

ready for the scheduling of a hearing. (TTR 281) 

The Tribunal will send a notice of hearing to the parties no less than 45 days in advance 

of the hearing. To check the status of your appeal, visit our website at 

www.michigan.gov/taxtrib and click on the “Docket Search” option.

03/14/2025 

04:22 

PM 

2025 BOARD OF REVIEW DECISION 

FROM 

CASCO TOWNSHIP-ALLEGAN COUN 

KELLY JELLISON ASSESSOR 

53710 PULVER RD 

THREE RIVERS, MI 49093 

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

PROPERTY IDENTIFICATION: (Parcel Code required. Property address 

and legal description optional): 

03-02-181-237-00 

7143 MAPLE AVE 

SULLIVAN W & C TRUST & ANN T 

7143 MAPLE AVE 

SOUTH HAVEN MI 49090 

LOTS 237 & 238 GLENN SHORES NO 1 SEC 6 TIN R16W. 

“THIS PROPERTY 

1S CLASSIFIED 

401 (RESIDENTIAL-IMPROVEDy 

— ~~~ 

~~ 

——= 

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

to compute your assessment and taxable value. 

The Board has completed their review of parcel number 03-02-181-237-00 

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

Board of Review Comments 

CHANGED CLASS TO REFLECT MARKET VALUE 

| 2025 ORIGINAL ASSESSED VALUE 

350,700 

] 

: 

| 2025 

"BOARD OF REVIEW" ASSESSED VALUE 

295,000 

) 

| 

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

2025 ORIGINAL TAXABLE VALUE 

. 

350,700 

2025 

"BOARD OF REVIEW" TAXABLE VALUE 

+ 295,000 

2025 PRINCIPAL RESIDENCE EXEMPTION/QUALIFIED AG 

0.0000 

mn 

. 

Co 

en 

] 

. 

Ploase feel free to contact 

the assessor at the address listed above or call if you have any questions. 

“Effective March 1, 2013, the Tribunal is no longer able to ‘accept Small Claims letter appeals. Rather, you are required to file a petition to 

initiate a new Small Claims appeal. Petition forms are available on this website.” 

http://www. michigan.gov/taxtrib/0,4677,7-187-38254---,00 htm!

Tesry Van Dis. 

Fro: 

INVOICE 

Lakeland Appraisal Company 

Terry Van Dis 

INVO(CE NUMBER: 

610 N Maple St 

12343 

Saugatuck, MI 49453-9442 

DAE 

05/10/2025 

Telophone Number: 

(616) 218-2123 

Fax Number: 

(888) 422-5796 

REFERENC 

TO: 

Intarnal Order #: 

12343 

Lender Case #: 

Bill Sullivan 

Cll File #: 

7143 Maple Ave 

MainFilo # onform: 

42343 

South Haven, M1 49090 

Other 

File # on form: 

Telephone Number: 

(708) 692-5555 

Fax Number; 

Fedesef Tax ID: 

Alternate Number: 

E-Mail: whsullivan84@yahoo.com 

Employer iD: 

Lender: 

Bill Sullivan 

Client: 

Bil Sullivan 

Purchaser/Borrower: NA 

Property Address: 7143 Maple Ave 

Clty: Sout Haven 

County: Allegan 

State: Mt 

Zip: 

49090 

Legal Description: LOTS 237 & 238 GLENN SHORES NO 

1 SEC 6 TIN R16W. 

Full 1004GP 

i 

500.00 

SUBTOTAL 

500.00

Bomower 

NA 

i. 

File No. 

12343 

Property Address 

7143 Maple Ave 

ly 

South Haven 

Counly_Allegan 

o 

State) 

Zp Code 49090 

Lender/Client__ 

Bill Sullivan 

TABLE OF CONTENTS 

GP Residential Certifications Addendum 

GP Residential 

Additional Comparables 4-6 

Supplemental Addendum w/sig block 

Land Sales 

Location Map 

Building Sketch (Page - 1) 

Building Sketch {Page - 2) 

Subject Photos 

Subject Photos 

Sublest Photos 

Subject Photos 

Subject Photos 

Subject Photos Interior 

Subject Photos Interior 

Subject Photos Interior 

Subject Photos Interior 

Comparabls Photos 1-3 

Comparable Photos 4-6 

Location Map 

License 

E&0 Policy

Assumptions, Limiting Conditions & Scope of Work 

Flletio: 

12343 

| 

Properly Address: 

7143 Maple Ave 

City: South Haven 

Stale: MI 

Zip Gade: 49090 

Client: 

Bill Sullivan 

Address: 

7143 Maple Ave, South Haven, Mi 49090 

Appraiser: 

Terry 

W Van Dis 

Address: 

610 N Maple St, Saugatuck, MI 49453 

STATEMENT OF ASSUMPTIONS & LIMITING CONDITIONS 

~ The appraiser will not be responsible for matters of a legal nature that affect eilher the property being appraised or the tille to i. The appraiser assumes that the title is marketable 

and, therefore, will nol render any opinions about the title. The property is appraised on the basis 

of it being under responsible ownership. 

- The appraiser may have provided a sketch in the appraisal report io show approximate dimensions of the improvements, and any such sketch 

is inchuded only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. Unless otherwise indicated, a Land Survey 

was not performed. 

- If so indicated, the appraiser has examined the avallable flood maps that are provided by the Federal Emergency Management Agency (of other 

data sources) and has noted in tha appraisal report whether the subject site is localed in an identified Special Flood Hazard Area. Because (he appraiser is not a surveyor, he or she 

makes no guarantees, express or implied, regarding this determination. 

- The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made 

beforehand. 

~ Ifthe cost approach Is included in this appraisal, the appraiser has estimated the value of the and In the cost approach at its highest and best 

lise, and the improvements at thelr conteibutory value. These separate valuations of the land and impsovements must not be used in conjunction 

with any other appraisal and are invalid if they are 50 used, Unless otherwise specifically indicated, the cost approach value is not an insurance 

value, and should not be used as such. 

~ The appraiser has noted in the appraisal report any adverse conditions (including, but not limited to, nasded repairs, depreciation, the presence 

of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property, of that he or 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, but not fimited to, the presence of hazardous 

wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and 

makes no guaranlees 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 to discover whether such conditions exist. Because the 

appraiser is nol an expert in the field of environmental hazards, the appraisat report must not be considered as an environmental assessment of 

the property. 

- The appraiser oblained the information, estimates, and opinions that were expressed in the appraisal repost from sources that he er she 

considers to be reliable and befieves them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items 

| 

that were fumished by other parties. 

- The appraiser will not disclose the contenls of the appralsal report except as provided or in the Uniform Standards of Professional Appraisal Practice, and any applicable federal, 

state or local laws. 

~ if his appraisal is indicated as subject to satisfactory completion, repairs, or alterations, the appraiser has based his or her appraisal report 

and valuation conclusion on the assumption that completion of the improvements will be performed in a workmanlike manner. 

An appraiser's client is the party {or parties) who engage an appraiser in a specific assignment, Any ather party acquiring tiis report from the 

client does not become a party to tie appraiser-client relationship, Any persons receiving this appraisal report because of disclosure requirements 

applicable to the appraiser's client do not become intended users of his report unless specifically identified by the client at the time of the 

assignment. 

- The appraiser's wrilen consent and approval must be obtained before this appraisal report can be conveyed by anyone to the public, through advertising, public relations, news, 

sales, of by means of any other media, or by its inclusion in a private or public database. 

- An appralsal of reat property is not a ‘home inspection® and should not be construed as such. As part of the valuation process, the appraiser performs a non-lvasive visual 

inventory that is not intended to reveal defects or delrimental conditions that are not readily apparent. The presence 

of such condilions or defects could adversely affect the appraiser's opinion of value. Clients with concems about such potential negative factors 

are encouraged to engage the appropriate type of expert to investigate. 

The Scope of Work is ihe type and extent of research and analyses performed in an appraisal assignment that is required to producs credible assignment results, given the nature of 

the appraisal problem, the specific requirements of the intended user(s) and the intended use of the appraisal report, Reliance upon his report, regardless of how acquired, by any 

party of for any use, other than those specified in this report by 

the Appraiser, is prohibited. The Opinion of Value thal is the conclusion of this report is credible only within the context of the Scope of Work, Eifective Date, the Date of Report, the 

Intended User(s), the Intended Use, the slated Assumptions and Limiting Conditions, any Hypathetica! Conditions and/or Extraordinary Assumplions, and the Type of Value, as 

defined herein, The appraiser, appraisal fim, and elated parlies assume no obligation, Jability, or accountability, and will not be responsible for any unauthorized use of this report or 

its concfusions, 

= 

Additional Comments (Scope of Work, Extraordinary Assumptions, Hypothetical Conditions, etc.):See attached addendum,

Certifications 

FleNo: 

12343 

Property Address: 

7143 Maple Ave 

i 

Gly: South Haven 

Stale: Mt 

Zip Code: 49090 

Client: __ Bit Sullivan 

5 

Address: 

7143 Maple Ave, South Haven, MI 49030 

Appraiser; 

Terry W Van Dis 

Address: 

610 N Maple St, Saugatuck, 

M| 49453 

APPRAISER'S CERTIFICATION 

1 certify that, to the best of my knowledge and bellef: 

~ The statements of fact contalned in this report are tue and correct. 

~The credibifty of this report, for the stated use by the stated user(s), of the reported analyses, opinions, and conclusions arg limited only by 

the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. 

- 

I ave no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. 

- Unless otherwise indicated, 

| have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year 

period immediately preceding acceptance of this assignment, 

- Fhave no bias wilh respect to the property that is the subject of this report or to the parties involved with this assignment. 

- My engagement in this assignment was not contingent upon developing or reporling predetermined results. 

- My compensalion for completing this assignment is not contingent upon Lhe development or reporting of a predetermined value or direction 

in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated resu, or the occurrence of a subsequent event directly related to the 

intended use of this appraisal. 

- My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisa Practice that were 

in effect at the time this report was prepared, 

- 4 did not base, either partially or completely, my analysis and/or the opinion of value in the appraisal report on the race, color, religion, 

sex, handicap, familial status, or national origin of either the prospective cwners or occupants of the subject property, or of the present 

owners or occupants of the properties In the vicinity of the subject property. 

- Unless otherwise indicated, 

| have made a personal inspection of the property that is the subject of this report, 

- Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification, 

Additional Certifications:See attached addendum. 

DEFINITION OF MARKET VALUE *: 

Market value means the most probable price which a property should bring in a competitive and apen market under ail condiions requisite 

to a safe, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimelus. 

Implicit in this definition is the consummation of 2 sale as of a specified date and the passing of tile from seller to buyer under conditions 

| 

vihereby: 

1. Buyer and sefler are typically motivated; 

2. Both parties are well informed or wel advised and acting In what they consider their own best interests; 

3. Areasonable time Is allowed for exposure in the open market; 

4. Payment is made in terms of cash in U.S. dollars or in terms of financial amrangements comparable thereto; and 

5. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions 

granted by anyone assoctated with the safe. 

* This definition is from regulations published by federal regulatory agencies pursuant lo Title XI of the Financial Institutions 

Reform, Recovery, and Enforcement Act (FIRREA) of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System 

(FRS), National Credit Union Administration (NCUA), Federal Deposit insurance Corporation (FDIC), the Office of Thritt Supervision {OTS}, 

and the Cffice of Complroller of the Cursency (OCC). This definition is also referenced In regulations jointly published by the OCC, OFS, 

FRS, and FDIC on June 7, 1994, and in the Interagency Appraisal and Evaluation Guidelines, dated October 27, 1994. 

Client Gorlact: 

Bill Sullivan 

___ Client Name: 

Bill Sullivan 

EMail: _whsuliivan84@yahoo.com 

Address: 

7143 Maple Ave, South Haven, MI 49090 

APPRAISER 

SUPERVISORY APPRAISER (if required) 

or GO-APPRAISER (if applicable)

RESIDENTIAL APPRAISAL SUMMARY REPORT 

Fis No: 12343 

Terry Van Dis 

Property Address: 

7443 Maple Ave 

Git. South Haven 

Ste: py 

Zip Code: 43090 

{Counly: 

Attegan 

Legal Description: 

LOTS 237 & 238 GLENN SHORES NO 1 SEC 6 TIN R16W, 

Assessor's Parcel #: 

02-181-237-00, 

Tax Year: 2024 

RE, 

Taxes: $ 9,020 

Special Assessmenls: $ § 

Borrower if applicable): 

~~ NA 

Current Owner of Record: 

Sullivan W & € Trust & Ann T 

Bcoupant; 

3X 0 

{J Tenant 

 []Vacant 

{| Manufaclured Housing 

Project Type: 

[J PUD 

[7] Condominium 

[] Cooperative 

DG Other (describe) 

NA 

HOA: § 300 

Ki peryear 

[per month 

Market Area Name: 

Genin Shores. 

Map Reference: 26090 

Census Track: 

0309.01 

The purpose of this appraisal is to develop an opinion of: 

DXi Market Value {as defined), or 

[| ofher type of value (describe) 

This yepor reflects the following value (if not Current, see comments): 

2 Current (te fnspection Date is the Effective Date) 

[7] Retrospective 

[] Prospective 

Approaches developed for this appraisal: 

DC Sales Compaiison Approach 

Xi Cost Approach 

[7] Income Approach 

(See Reconciliation Comments and Scape of Work) 

Property Rights Appralsed: 

IX) Feo Simple 

[1] Leasehold 

[7] teased Fee 

[J Other (describe) 

Intended Use: 

See attached addendum. 

| Intended User(s} (by name or ype): 

Ses attached addendum, 

Client: 

Bill Sulfivan 

on 

Address: 

7143 Maple Ave, South Haven, MI 49090 

Appraiser. 

Terry W Van Dis 

Address: 

640 N 

Maple St, Saugatuck, Mi 49453 

Location: 

[] Urban 

[Suburban 

DX Rural 

Predominant 

One-Unit Housing 

Present Land Use 

Change In Land Use 

Bull up: 

[J over75% 

DK 25-75% 

[] Under 25% 

Occupancy 

PRICE 

AGE 

|OneUnt 

25%] KI Not Likely 

Growth rate: 

[] Rapid 

XX Stable 

[J Stow 

<1 Owner 

$(000) 

furs) 

nit 

1%|[] Likely 

* 

[7 

In Process * 

Property values: 

[] Increasing 

5) Stable 

[]) Declining 

[7] Tenant 

65 

Low 

4 

|Multi-Unil 

1%|* To: 

=| Demand/supply: 

 [] Shorage 

9 InBalance 

[7] Over Supply | 

Vacant (0-5%) | 

3,500 

High 

175 

|Comm'l 

3% 

Marketing time: 

KJ Under 3 Mos. 

{773-6 Mos, 

[] Over 6 Mos. 

| [] Vacant {>5%)} 

570 

Pred 

65 

Other 

70% 

Market Area Boundaries, Description, and Market Conditions {including support for the abova characledstics and trends): 

The subject neighborhood is bound by 

‘SHE DESCRIPTIO! 

Dimensions: 

122 x 123 x 122 x 123 

SteAea: 

15,006 sf 

Zoning Classification: 

~~ R-2 

Description: 

Low Density Residential 

Zoning Compliance: 

Ci Legal 

[] Legal nonconforming (grandfathered) 

[] llega 

£7] No zoning 

Are CC&Rs applicable? 

[1 Yes 

[ | No 

DXi Unknown 

Have the documents been reviewed? 

 [] Yes DX No 

Ground Rent (if applicable) 

$ 

/ 

Highest 

& Best Use as improved: 

DC Presentuse, or 

[| Other use (explain) 

Actual Use as of Effective Date: 

Summary of Highest & Bast Use: 

Utilities 

Public 

Other 

~~ Pravider/Description 

| Off-sile Improvements 

Type 

Public 

Private | Topography 

Levet, Sloping 

to Lake MI 

Bechicy 

9 

[1] 

Public, Typical 

Street 

wet 

_ 

[0 

X 

[Se 

034ac 

Gas 

[3 

XX 

None, LP. available | Sub/Gutier 

e 

i 

[3 

[Shape 

Square 

Water 

[} 

X 

well (notadverse) _| Sidewalk 

lone 

_ OO 

|ornage 

Appears adequate 

Sanitary Sewer 

[} 

Xi 

Seplic (not adverse) | Steet Lights 

None 

O 

0 

|Vew 

NiRe: 

Storm Sewer 

D4 

[1 

Pubic, Typical 

Alley 

None 

[| 

i 

Other site elements: 

¢ inside Lot 

[1 Comer Lot 

[] Cufde Sac 

[| Underground Ufifties 

| | Other (describe) 

{FEMA Spec'l Flood Hazard Area 

| 

| Yes DX No FEMA Flood Zone 

X 

FEMA Map # 26005C0340G 

FEMA Map Date 

6/21/2023 

Site Comments: 

There are no adverse easements, encroachments observed, 

or other apparent adverse conditions noted at the time of 

inspection, 

General Description 

Exterior Description 

Foundation 

Basement 

Xi None 

Heating 

#of Units 

1 

(J Ace.Unit | Foundation 

Slab 

None 

MeaSq.F. 

0 

Tye 

BB/FA 

#of Stories 

2 

Exterior Walls 

Wood 

Cravd Space 

Yes 

% Finished 

© 

Fuel 

Electric 

Type DK Del, [J AL 

[] 

Roof Surface 

Asphait 

Basement 

None 

Ceiling 

NA 

Design (Style) 

Colonial 

Gutters & Dwnspls. 

 Atuminum 

Sump Pump 

[_] None 

Walls 

NA 

Cooling 

| 

Existing] Proposed [] Und.Cans, | Window Type 

Vinyl 

{Dampress 

[] None 

Floor 

Central 

CAC 

_ 

on] 

Actual Age (Yrs) 

47 

StormyScreens 

Vinyl 

Settlement 

None 

Outside Entry 

Other 

= Effective Age (Vis) 

20 

Infestation 

None 

| 

Intestor Description 

Appliances 

Ati None | Amenities 

Car Storage 

[] None 

21 Floors 

Laminate, Tile-Good _ 

| Reffigerator 

~~ [X)| Stairs 

[]| Firepiace(s) # 

1 

Woodstove(s) # 0 

|Gaage 

#ofcas 

{ 

3 

Tob) 

S| walls 

Drywall-Good 

__ [Range/Oven 

DX Drop Stair 

[]| Pais 

Brick 

Mach. 

0 

& TrmfFinish 

~~ Wood-Good 

[Disposal 

[Soule 

[Deck 

2 Decks 

_ 

Delach. 

_ 0

RESIDENTIAL APPRAISAL SUMMARY REPORT 

Floto: 

12343 

My esearch 

(3; did 

[_] did not reveal any prior sales or transfers of the subject property for the (res years prior (0 {he effective date of Bis appraisal, 

Data Source(s): 

_AssessorfTax Records 

& Local Multiple Listing Service (SWMRIC) 

| 

1st Prior Subject SalefTransfer 

Analysis of salefiransfer history and/or any cument agreement of safeflisting: 

Research indicates no current ar prior 

Dale: 

10/17/2024 

listings, other sales or transfer history for ihe subject within the last 36 months or comparables within the 

= 

Price: 

$589,500 

last 12 months from the last sale date. 

It's appraisers opinion that the opinion of value is less than the 

dj 

Source(s): SWMRIC, Assr/Tax Rerd | previous sales because the current market doesn't support it, This is based on the most recent 

2nd Prior Subject Sale/Transfer 

comparables sales in the immediate and surrounding area or similar competing area. 

ie: 

08/31/2023 

Price: 

$580,000 

Source(s): SWMRIC, AssriTax Rord 

SALES COMPARISON APPROACH TO VALUE {if developed) 

|_| The Sales Comparison Approach was not developed for tis appraisal. 

FEATURE 

1 

SUBJECT 

COMPARABLE SALE # 1 

COMPARABLE SALE # 2 

COMPARABLE SALE # 3 

Addiess 

7143 Maple Ave 

1448 71st St 

1224 Ash Dr 

79994 Ramblewood Dr 

South Haven, 

Mi 48080 

Fenaville, MI 49408 

South Haven, 

MI 46080 

Covert, Mi 49043 

| 

Prowimity to Subject 

~~ 

5 

HE 

11.25 miles N 

0.13 miles NW 

14.17 mites SW 

Sale Price 

$ 

Of 

=O 

550,000/::: 

: 

: 

Is 

572,375 

E 

Is 

595,000] 

Sale Prcs/GLA 

5 

200.22/0M[S__ 

34354 /sal] 

$180.50 /s0 

S 

365.93 sah | 

{Data Sourcefs) 

MLS, Assessor 

|SWMRIC#24038220;D0M 40 

SWMRIC#23138788,00M 178 

|SWMRIC#24021201,DOM 

1 

© 

{Verification Source(s) 

Inspection 

| AstRedsPPH0775000100 

AstRedsPP#030735001700 

AstRedsPP#800743200801 

| 

VALUE ADJUSTMENTS 

DESCRIPTION 

DESCRIPTION 

+) § Adjust. 

DESCRIPTION 

+) § Adjust, 

DESCRIPTION 

+{) § Adjust. 

Sales or Financing 

0 

[ArmLth 

ArmLth 

ArmLth 

Concessions 

0 

Cash,0 

0|Conv; 12095 

-12,095|Conv;0 

0 

Date of Sale/Tims 

[I 

00/17/2024 

0]05/14/2024 

0|0617/2024 

Rights Appraised 

Fee Simple 

Fee Simple 

Fea Simple 

Fee Simple 

. 

Location 

) 

B;Res,LkAcss 

_|B;Res;LkAcss 

B;Res;LkAcss 

B;Res;LkAcss 

Site 

16006 sf 

22521 st 

0125700 sf 

013091 sf 

9 

View 

N:Res;Creek 

N;Res; 

O)N;Res; 

OiN;Res; 

. 

Design (Style) 

Colonial 

Ranch 

0} Contemporary 

OjContemporary. 

0] 

Quaity of Construstion 

{Good 

Good 

Good 

Good 

— 

Age 

47 

75 

~ 

of47 

94 

j 

0 

Condflion 

Good 

Good. 

Good 

Good 

Above Grade 

Total 

[Boms] 

Baths | Tol 

| Boms| 

Babs 

| 

+20,000] Tota | Boms| 

paths 

10,000] Tod 

[Bms| Bas | 

+10,000 

Room Count 

7] 

al 

20 

[ela] 

20 

of10] 

5 

| 

21 

10000] 

5 | 

3 [21 

-10,000 

Gross Living Area 

. 

1,964 suft. 

1,601 soft. 

+18,150f 

3,171 soft. 

-60,350 

1,626 sqft) 

~~ 

+18,900) 

Basement & Finished 

0 sf 

0 sf 

0 sf 

0 sf 

Raoms Below Grade. 

None 

None 

None 

None 

Functional Utility 

Average 

{Average 

Average 

..jAverage 

Heating/Cooling 

Elec BBFA/CAC 

[Gas FA/CAC 

. 

00il FAICAC 

0|Elec BB/None 

] 

[o 

ergy Efficient ems 

Thermo Wndos 

Thermo Wndos 

Thermo Wndos 

Thermo Wndos 

5 Garage/Carport 

Nong _ 

2 Garage Stalls 

-20,000|1 Garage Stall 

-10,006|None 

. 

f=) Porch/Patio/Deck 

Porches,Patio,Dks 

|Porches, Patio 

0JParches, Decks 

0O|Patio,Decks 

. 

of 

§ Fire 

1 Fireplace, Shed 

_|1 Fireplace 

0[2 Fireplaces 

0[1 Fireplace,Shed 

ol 

£ 

| 

et Adjustment (Tota) 

7 

M+ 

[1-8 

18,150 

$ 

1024450 

M+ 

[1- 

Ts 

16,900) 

| Adjusted 

Sale Price 

= 

a 

aa 

a 

101 Comparables 

$ 

sestsOf 

1% 

469.930 

$611,900 

d Summary of Sales Comparison Tomoath 

‘Appraiser typically includes two active listings “and or pending sales. Due to the limited and or lack of 

appraiser was only able to include one listing as Comparable 4. Using the Local MLS Statistics it was determined that the Sale Price 

fo List 

Price ratio is approximately 100%. 

This information was utilized in making time adjustments. See attached addenda for more information,

RESIDENTIAL APPRAISAL SUMMARY REPORT 

Flsto: 12343 

COST APPROACH TO VALUE {if developed) 

|__| The Cost Approach was not developed for this appraisal. 

Provide adequate information fo replication of (he following cost figures and calculations. 

. 

Support for the opinion of sila value (summary of comparable land sates or other methods for estimating site value): 

The value is based on research fromthe 

local MLS, county records, and the extraction method. Appraiser searched the 

hin 10 miles and 10 years from the effective date of 

appraisal. The opinion of site value is based on limited land sales ranging from 

00 t0 $140,000, county records, and the extraction 

method. 

ESTIMATED |] REPRODUCTION OR__ 

3X0 REPLACEMENT COST NEW 

OPINION OF SIEVALUE 

110.000 

| Source of ost data: Marshall & Swift Residential Cost Book 

DWELLING 

1,964 Sef @$% 

642,228 

ES Quality rating from cost sevice: 

Good 

Fifective date of cost data: 

12/2024. 

Basem 

x Comments on Cost Approach {gross living area calculations, depreciation, etc.): 

E 

% Cost figures used are based on the Marshalf Swift Cost Hi 

Sift @$ 

5 

Sof. @8 

13 

Pchs,Patio,Dks,FP 

44,327 

(Garage/Garport 

SFL @$ 

the Subject's physical condition and comparable homes in the 

Total Estimate of Cost-New 

686,555 

neighborhood. A depreciated value for the shed is included in the as is 

{Less 

Physical 

Functional 

Extemal 

value of site improvements. This report is not to be used for insurance 

{Depreciation 

211,253! 

211,253) 

opinion of site value is a greater percentage of the 

Depreciated Cost of improvements 

475,302 

indicated value by coast approach. This is typical for other similar lake 

_ j"As-Is" Value of Site Improvements 

5,516 

access properties in the area. 

Estimated Remalning Economic Life {if required): 

40 Years {INDICATED VALUE BY COSTAPPROACH 

590,818 

7] INCOME APPROACH TO VALUE (if developed) 

XC The Income Approach was net developed for this appraisal. 

2 

Estimated Monihly Market Rent $ 

[] 

KX Gross Rent Muiplier 

[} 

=$ 

Indicated Value by Income Approach 

2 Summary of income Approach (inchiding support for market rent and GRM): 

Due to the lack of rental data, the income approach was not utilized. 

b 

=. 

I=} 

z 

PROJECT INFORMATION FOR PUDSs (if applicable) 

[1 The Subject is part of a Planned Unit Development, 

Legal Name of Project: 

Describe common elements and recreational factilies: 

CRUD 

indicated Vaiug by: Sales Comparison Approach $ 

570.000 

Cost Approach {if developed) § 

590,818 

Income Approach {if developed) 

$ 

Final Reconciliation 

The market data approach is relied on most heavily in determining final market value. This approach recognizes the actions 

of both buyers and sellers, and is supported by the cost approach. Due to the Jack of rental data, the income approach was not utilized. 

This appraisal 

is made DG "asis”, 

{ 

] 

subject 

to complelion 

per 

plans 

and 

specifications 

on 

the 

basis 

of 

a 

Hypothetical 

Condition 

that 

the 

improvements 

have 

been 

completed, 

[] subject 

to 

the following 

repalis 

or alterations 

on 

the basis 

of 

a 

Hypothetical Condilon that 

the repalrs 

or akierations 

have been compleled, [] subject 

to 

the 

following required 

Inspection based 

on 

the 

Exdraordinary Assumption 

thal the condition 

or deficiency does 

nol sequire 

alleratin 

or 

repair: 

RECONCILIATION 

| This 

report 

is also subject 

to 

olher Hypothetical 

Conditions 

and/or 

Extraordinary Assumptions 

as 

specified 

in 

the 

attached addenda. 

Based 

on 

the degree 

of Inspection 

of the subject 

property, 

as 

Indicated below, defined Scope 

of Work, Statement 

of Assumptions and 

Limiting Conditions, 

and Appraiser’s Certifications, my {our) Opinlon 

of the Market Value 

(or other specified 

value fype), as defined 

herein, 

of the 

real property thal 

is the subject 

of 

this 

report 

ist 

§ 

570,000 

sas of; 

05/10/2025 

, which 

Is the effective date 

of this appraisal. 

If indicated above, thls Opinfon of Value 

Is subject to Hypothetical Conditions and/or Extraordinary Assumptions Inctuded 

In this report, 

See atlached addenda. 

{A tue 

and complete 

copy 

of 

this 

report contains 

28 pages, 

including 

exhibits which 

are considered 

an 

inlegral 

part 

of the 

report, 

This 

appraisal repo may 

nol be 

propery understood 

withoul 

reference 

to 

the 

information contained 

in 

the complete 

report, 

Attached Exhibits: 

XI Scope of Work 

2 Limiting Cond /Certfications 

DX) Narrative Addendurn 

IX Photograph Addenda 

IX Sketch Addendum 

IX! Map Addenda 

XI Additional Sales 

XI Cost Addendum 

[2 

Flood Addendum 

CJ Mant, House Addendum 

IX: Hypothatical Condiions 

XX Extraordinary Assumptions __ |] 

[] 

0 

Ciient Contact: 

Bill Sullivan 

Clignt Name: 

Bill Sullivan 

EMail. whsullivan84@yahoo.com 

Address: 

7143 Maple Ave, South Haven, Mi 49090 

APPRAISER 

SUPERVISORY APPRAISER (if required) 

or GO-APPRAISER (if applicable}

ADDITIONAL COMPARABLE SALES 

Fislo: 

12343 

= 

FEATURE 

SUBJECT 

COMPARABLE SALE # 

4 

COMPARABLE SALE # 

5 

COMPARABLE SALE # 

§ 

Address 

7143 Maple Ave 

35 3rd St 

South Haven, M1 49080 

South Haven, MI 49090 

Proximity to Subject 

ET 

“8.65 miles $. 

Sal Pro 

5 

of 

© 

8 

eagoo0l 

ii 

Is 

Eas 

Sale Pioe/GLA 

$ 

290.22 fst 

393.57 salt | 

aE 

satis 

op 

fsafl 

Data Source(s) 

MLS, Assessor 

SWMRIC#26017558,00M 18 

. 

Verification Source(s} 

{inspection 

AstRcdsPPH805331000310 

ee 

a 

VALUE ADJUSTMENTS 

DESCRIPTION 

DESCRIPTION 

+ $Adust, | DESCRIPTION 

+() § Adjust. 

DESCRIPTION 

+4) § Adjust, 

Sales or Financing 

0 

Listing 

G 

i 

0 

SPILP:0 

90 

Date of Sale/Time 

0 

90 

Rights Appraised 

Fee Simple 

Fee Simple 

Location 

BiRes;LkAcss 

B;Res;LkAcs 

Site 

ren 

| 15008 SF 

6250 sf 

ki] 

View 

[N;Res; Creek 

N;Res; 

0 

Design (Style) 

Colonial 

Colonial 

Quality of Construction 

Good 

Good 

m 

47 

16 

0 

ndilion 

Good 

Good 

Above Grade 

Told 

| 8dms| 

Baths | Total 

| Bdms| 

Baths 

“Total 

| Bims| 

Baths 

Tote 

Room Sount 

714] 

20 

[84] 

21 

-10,000) 

de, 

Gross Living Area 

1,964 sqft. 

1,649 sql 

+15,750) 

sft. 

Basement & Finished 

0 sf 

Osf 

Rooms Below Grade 

None 

None, 

Fungtional Uiiity 

Average 

[Average 

i] 

Heating/Cooling 

Elec BB,FA/CAC 

[Gas FA/ICAC 

[¢) 

Energy Efficient ltems. 

Thermo Wndos 

[Thermo Wndos 

Garage/Carport 

...|None 

2 Garage Stalls 

-20,000 

Porch/Patio/Deck 

Porches,Patio,Dks 

Porch, Patio 

Fireplace, ste. 

1 Fireplace, Shed 

_|1 Fireplace 

Net 

Adjustment (Tota) 

+ 

X- 

Is 

-14,250) 

$ 

$ 

Adjusted Sale Price 

= 

: 

: 

of Comparables 

ls 

edaysol 

ls 

$ 

Summary of Sales Comparison Approach 

appraiser was only able to include one listing as Comparable 4. Using the Local MLS Statistics it was determined that the Sale Price to List 

Appraiser typically includes two active listings and or pending sates. Due to the limited and or lack of 

Price ratio is approximately 100%. 

This information was utilized in making time adjustments. See attached addenda for more information. 

SALES COMPARISON APPROACH:

Supplemental Addendum 

Fig No. 12343 

Borrower 

NA 

Property Address 

7143 Maple Ave 

— 

City 

South Haven 

. 

County Allegan 

State 

MI 

Zip Code 

49090 

Lender/Client 

Bil Sullivan 

The purpose of the appraisal is to determine an opinion of market value of the subject property for market valuation and 

property tax purposes. This appraisal report is to be identified as a General Purpose Residential report. 

The intended user of this appraisal report is the client. The intended use is to evaluate the property that is the subject of this 

appraisal for market valuation, subject to the stated scope of work, purpose of the appraisal, reporting requirements of this 

appraisal report form, and definition of market value. No additional intended users are identified by the appraiser. 

The appraiser has not identified any purchaser, borrower or seller as an intended user of this appraisal, and no such party 

should use or rely on this appraisal for any purpose. Such parlies are advised to obtain an appraisal from an appraiser of their 

own choosing if they require an appraisal for their own use. Any reference to or use of this appraisal report by a purchaser, 

borrower or seller for their own purposes, including without limitation for the purposes of a property purchase decision or an 

appraisal contingency in a purchase agreement, is at such party's own risk and is not intended or authorized by the appraiser. 

in general, this scope requires adherence to acceptable appraisal methodology as defined by peer practice as well as the 

Appraisal Institute's The Appraisal of Real Estate (latest edition), applicable Al Guide Notes and such other credible published 

information as may be promulgated by the Appraisal Foundation, the Appraisal Subcommittee, professional journals and the 

like. The report wilt comply with USPAP, State and Federal law. State Regulatory requirements, any applicable client and 

secondary market guidelines, and all additionat requirements noted on the order form {included by reference). 

The digital photos have in no way been altered or modified. Photos used are original from appraisers inspection. For this 

assignment photos are from the MLS or previous appraisals. At a minimum appraiser has observed the properties from the 

street, 

Measurements were obtained using ANSI Standards. The measurements detailed in the sketch are displayed and measured to 

the nearest tenth of a foot of inch. The measurements comply with ANSI 2765-2021. 

The signature on this appraisal are digital signatures, which are computer generated and are printed on the report. The 

appraisers signature is secured by a password which only the appraiser has access to. 

if any modifications were made on this 

appraisal, the signature would be eliminated. This form of certification has been approved by The Appraisal Foundation, lecated 

at 1029 Vermont Ave, N.W.m Ste, 900, Washington, D.C. 20005-3517. The Appraisal Foundation is authorized by Congress 

as the Source of Appraisal Standards and Appraiser Qualifications. This approval can be found in the Statement on Appraisal 

Standards No. 8 (SMT-8} on the Electronic Transmission of Reports. The section regarding signed certification reads as 

follows: 

Any software program used fo electronically transfer a report must provide, at minimum, a digital signature security feature for 

all appraisers signing a report. The appraiser(s) should ensure the signature(s) are protected and that only the appraiser(s) 

maintain control of the signature. This control may be maintained by password (e.g. PIN numbers), hardware carries the same 

tevel of authenticity and responsibility as an ink signature on a paper copy report. 

Appraisal Standards Board, Adopted 7/18/95, Effective 1/1/96 

in Michigan, appraisers are required to be licensed/certified and are regulated by the Michigan Department of Licensing and 

Regulatory Affairs, P.O. Box 30018, Lansing, Mt 48909. 

The appraiser that completed this report confirms that they have adequate competency to complete appraisal assignments in 

the subject's market area. 

If subpoenaed to testify for a tegal action regarding this appraisal, the appraiser's fee, for each day of testimony/scheduled 

appearance time, is set as follows: $300.00 minimum, up to and including the first two hours of testimony/scheduled 

appearance time, including driving time and $250.00 per hour thereafter. 

By accepting this appraisal and using it in a legal 

action, regardless of who subpoenas the appraiser, the client agrees to the aforementioned fee, as well as the conditions set 

forth In the "Statement of Limiting Conditions and Appraisers Certification” tem #4: “The appraiser wili not give testimony or 

appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have 

been met beforehand.” 

Appraiser Level of Licensure Disclosure: 

The appraiser Terry W Van Dis currently has a Certified Residential Appraiser License. 

Prior Services: 

| have performed no services, as an appraiser or in any other capacity, regarding the property thal is the subject of this report 

within the three-year period immediately preceding acceptance of this assignment. 

Exposure Time: 

Is defined as {he estimated length of time that the property interest being appraised would have been offered on the market 

prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal. Exposure time is a 

retrospective opinion based on an analysis of past events assuming a competitive and open market. This definition is from the 

Definitions section of the 2012-2013 version of USPAP.

Supplemental Addendum 

File No. 12343 

Bomavier 

NA 

Property Address 

7143 Maple Ave 

. 

Gity 

...... 

South Haven 

. 

County Allegan 

State 

M1 

Zip Code 

49090 

Lender/Client 

Bill Sullivan 

with suburban areas. Homes are mixed in value and style. Linkages and supports are present and adequate. Local shopping, 

banks, restaurants, entertainment, and stores are within a few miles. A variety of employment opportunities are available in the 

area. Access to major roadways. Recreational activities are abundant, No observable nagative/adverse neighborhood factors 

were noted at time of observation. 

Other for Present Land Use % is vacant, woods, farm land, etc. 

Neighborhood - Market Conditions 

Due to the lack of sales in the past 6 months along with seasonal marketing trends it was necessary to utilize a broader scope 

to determine accurate marketing trends in the subject's neighborhood. A year over year evaluation of all relevant sales located 

within the subject's neighborhood and market area as defined in this report was used to determine the one unit housing trends. 

The information provided was limited to only comparable sales and listings fo assist with the overall analysis of more specific 

marketing trends. The appraiser had to mark the market trend boxes based market activity observed by the appraiser over 

recent 12 month period, interview by local market participants (buyers, sellers, and brokers). 

Property values in the area have shown signs of stabilizing. 

| base this opinion largely on data supplied by the locat Association 

of Realtors. Based on the general state of the economy nationwide continued pressure on hame values is possible. Although 

the availability of consumer loans has tightened, typical financing: Conventional, FHA, and VA is available to qualified buyers. 

There Is somewhat of a cyclical season in this area of Michigan. Typical marketing time is ess than 90 days during peak 

season in Michigan and for appropriate priced homes. 

Researching SWMRIC the locat MLS within the market area and additional data sources which are considered acceptable to 

appraisal peers within the marketing area going back 1 year from the effective date of this report and comparing Median price of 

the year prior it was determined that the Median price is stable at present. 

This appraiser researched the Jocal MLS within the neighborhood and market area. Analyzed all sales and all active listings 

within that past 12 months. 

It appears that there is a balance in supply of homes in the area at present, 

65 sales have occusred 

Within the past 12 months indicating an absorption rate of 5.42. There are currently 30 active listings on the market, 

Utilizing 

this data it would require approximately 5.54 months for the market to absorb the existing inventory. 

Zoning 

Reporting of zoning compliance is intended only in the most general sense. Tax information was collected from the tax records 

posted online which is considered a reliable source. 

The scope of the appraisal assignment does not include a comparison of 

all significant characteristics of property's site and improvements refative to zoning or local building ordinances. Subject 

property is a single family residence and is zoned for single family use. By "Legally Conforming,” the appraiser comments in a 

broad sense that the property is considered in compliance with the local zoning ordinance. An exhaustive search and 

comparison of all property characteristics was not conducted in regards to local zoning code. 

FEMA Special 

Hazard Area 

The delineation of the FEMA Flood Zone is for the benefit of the client only. The appraiser in not an expert in flood elevations 

and is not a surveyor. The exact flood elevation should be determined by a competent and qualified flood surveyor. 

Slte 

The subject is serviced by well water and septic system for sewage. Both are typical for the subject neighborhood. No 

marketing problems anticipated due to the subject well and or septic system. Public well and septic were not available to the 

subject as of the effective date of appraisal. 

All comparable sales have similar utility. Comparable 4 the listing has public 

utifities. 

No impact on value, 

Adverse Site Conditions or External Factors 

This appraisal report does not represent a legal opinion as to the title of the property and/or the boundaries, easements 

(recorded/unrecorded), encroachments or encumbrances associated with the subject property. 

If the lender/client has concerns 

regarding easements, encroachments, setbacks, boundaries, lot dimensions, or other survey matters it is recommended that a 

professional surveyor be consulted. 

Improvements - Additional Features 

Two story foyer with ceiling fan. Ceiling fan in the living room and dining area. Istand with snack bar, granite counter tops, tile 

back splash, and stainless appliances in the kitchen. Ceiling fan in bedrooms. Granite vanity tops. Primary bedroom suite with 

full bath and walk in closet. 

Conditions of Improvements 

Statements regarding condition, particularly those regarding mechanical equipment, electrical, roof, foundation, etc., are based 

solely on surface observation and fall only within the appraiser's limited expertise. The routine observation of the property and 

any improvements is for the purposes of forming an opinion of market value of the property. The appraisal inspection should be 

considered more of an observation rather than a home inspection since the appraisal inspection is not intended to reveal 

defects in mechanical systems, structural integrity, roofing, siding, foundation integrity, presence of mold, electrical 

Issues/hazards, plumbing issues/hazards, or any other issue outside of the appraiser's expertise or scope of the appraisal 

assignment. 

If the borrower has concerns with any of the above mentioned items or unmentioned, it is this appraiser's opinion 

that an expert in the relative field, and/or home inspector should be contracted or consulted. 

It should be noted that the

Supplemental Addendum 

Fie No. 12343 

Borrower 

NA 

Properly Address 

7143 Mapie Ave 

co 

Giy 

South Haven 

Courty_Allegan 

Sate 

mt 

Zp ode. 

49090 

Lender/Client 

Bill Sullivan 

The utilities were on and appeared to be in working order at the time of inspection. All mechanical systems are assumed to be 

in no fess than operable condition. 

The interior of the shed was not observed. 

It's an extraordinary assumption, based on the observation of the dwelling and 

property, that there are no health or safety issues. 

Comparable Search and Results 

The neighborhood, as defined on page 1 and market area was searched for preferably 1.5 or 2 Story homes, with 4 bedroom 

and 2.0 bath (100% above grade), between 1,700 and 2,300 square feet, built near 1978, on approximately 0.33 acres, and with 

association access to Lake Michigan. 

The appraiser has attempted to display comparable sales that closed within the past 90 days, within two miles, bracketing GLA 

and room count, within 20% of the predominate for the neighborhood market, and similar in style of living to the subject. 

All 

avallable comparables have been reviewed and reconciled. The inilial research may result in some properties that were not 

considered best comparable in similarity to the subject property. The search was then expanded to 6 and 12 months and a 

distance of 5, 10, then up to 15 miles to locate suitable sales. The best available similar characteristic comparables were 

chosen to be reconciled and adjusted accordingly. The comparable properties selected are considered the most appropriate 

available and most comparable, therefore included and reconciled within this appraisal report. 

All adjustments made for 

comparable dissimilarities are market derived according to FNMA guidelines. Comparable adjustments are made as warranted 

when market research deems verifiable, justifiable and credible. 

URAR 

: Sales Comparison - Summary 

All comparables are in the subject neighborhood, market area, and or possible similar competing areas. The comparables 

utilized were the most recent and most similar in design style, functional utility, age, condition, and site within the subject 

neighborhood, market area, and 

possible similar competing areas. 

These sales were utilized due to the limited and or lack of other available comparables that have accurred within the area within 

a more recent time frame. The sales utilized were the most recent and most similar and other amenities that were available. 

it 

is the opinion of this appraiser that the sales utilized are considered to be the most appropriate comparable sales available, at 

present, and were selected from the same neighborhood and are representations of the subject. Comparable search and 

results is reported above. 

The distance between the subject and comparables is due to the fower density and the lack of comparable sates that have 

occurred within the immediate area within a reasonable ime. Some comparables are located In different towns and on opposite 

sides of major roadways and water ways but are considered to be within the subject market or possible similar competing area. 

No adjustment for these locations. This was all taken into consideration in the final reconciliation. 

Actual sale price and adjusted sale price range is greater then desired, greater than 20% of opinion of value, due to the lack of 

available comparables. Appraiser accounted for alf property characteristics that may warrant an adjustment. The comparables 

utilized in this report are the most recent, best, and most appropriate that are available. 

Alf adjustments accounted were 

accounted for all material differences, including but not limited to location, site, view, quality, and condition. 

Concessions were adjusted at a dollar for dollar amount. This is typical for the market. 

Researching the local MLS within {he market area and additional data sources which are considered acceptable to appraisal 

peers within the marketing area going back 

1 year from the effective date of this report and comparing Median price of the year 

prior it was determined that the Median price is stable at present. No market time adjustments warranted. 

All comparables are overall similar in location with similar views. 

All have access to Lake Michigan. The subject has a view of a 

creek. Appraiser was unable to extract an adjustment for this difference. Therefore no adjustment was made. This was taken 

into consideration in the finat reconcifiation. 

No adjustment for site as all are overall similar in utility and appeal. Site was taken into consideration in the final reconcitiation. 

Appraiser attempted to locate comparables similar in design style. Appraiser was unable to extract an adjustment for the 

differences. Therefore no adjustment was made. This was taken into consideration In the final reconciliation. Typically design 

style is not as much of a factor with lake access properties. 

All comparables are similar in quality of construction and condition. 

No adjustment for age due to the minimal percentage of the total value. Due to fack of comparables the range is greater than 

desired and not bracketed. This was all taken into consideration in the final reconciliation, 

Appraiser attempted to locate comparables with the same and or similar functional utifity, bedroom and bathroom count, GLA, 

and lower level foundation style. 

There are across the board adjustments for bedraom count, except Comparable 4 the listing. The subject is not considered fo 

be over improved or under improved. The adjustments were based on historical research data and the typical buyers market

Supplemental Addendum 

ilo No. 12343 

Borrower 

NA 

Property Address 

7143 Maple Ave 

City 

South Haven 

County Allegan 

State 

MI 

ZipCode 

40090 

Lender/Client 

Bill Sullivan 

taken into consideration in the final reconciliation, 

Comparable 2 Line and Net adjustments exceed 10% and 15% due to the adjustment for GLA. 

Adjustments were based on researching the local MLS, conversations with tocal assessor, local real estate professionals, 

market participants, knowledge of the area, paired sales analysis, and typical buyer's and seller's market reaction to these 

amenities. 

Appraiser attempted to locate comparables that bracket actual sale price, adjusted sale price, site, age, bedroom and bathroom 

count, GLA, lower level foundation, porches, decks, patio, outbuilding(s), fireplace(s), etc. Due fo the lack of available 

comparables it was determined necessary to use the sales provided and make the appropriate, market driven, adjustments 

accordingly. 

Alt comparables used were given consideration in the reconciliation of value in this report. Age, condition, GLA, location, etc. 

were all taken into consideration. 

All served as a basis for establishing comparative market value. The final reconciliation of 

value was determined by the principle of substitution. Comparable 1 and 3 were given the most weight. Comparable 

1 based 

on site, bathroom count, GLA, and having a lower percentage of net and gross adjustments. Comparable 3 based on design 

style, GLA, no garage, and having a lower percentage on net and gross adjustments. Comparable 2 was given the least weight 

based on site, GLA, and having a greater percentage of net and gross adjustments. 

Giving consideration to the available 

comparables that have been provided in this appraisal report, the cost approach, and the listing, the appraised value of 

$570,000 is warranted and supported. 

itis important to note that, while not ideal, these comparables are considered the most appropriate available at this time, given 

the consideration of the location, age, size, design style, bedroom count, condition, site size, functionat utility, quality of the 

subject property, and the overall market appeal.

Land Sales 

Vacant Land 

21 Properties 

MLSE 

Status Addis 

Prico Short Address 

Unita Baya On Markat Arce 

Sub-aren 

£01 Squaca Footage Lat Acras Lol Dimeasic 

+ 20047225 Sold 

7221 Beach Deve. 

$149,000 7227 Boach Dive 

10% Soulhwesiarn Michigs 83 Casco 

Top 

IH 

03621504105 

2 200421050 

7774 Bath Orv 

$130,000 7774 Beach Dive 

17° Soumyeste bhehiga 93 Casco 

Te, 

2600 

0.219 120105 

3 17025395 Bold 

7229 Lnkeviow Aventio 

$130,000 7229 Laks Awnue 

299 Bouthweslem Kichiga, §3- Casa Trp 

sa50 

022 meg 

4 19048905 SoM 

Hickory Dive 

$197,000 Hickory Drive 

259. Souhwestem Midiiga 93- Casco Tap 

2180 

05 i0n20 

5 1800557 Soi 

7238 Lakeview Avenue 

$115,000 7238 Lakewiow Aversa 

1 Soutinvestam Mchiga 93- Casco 

Twp 

2480 

0217 20x its 

© 23134425/80 

133 Maglo SVedt 

$915,000 133 Magdo Sweat 

16 Sauhwastem Mania 

THO 

0172 50145 

7 "17038721 Sod” 

15 Baach 

110.500 15 Bech 

192 Southwestern Mchiga 93+ Cotzo 

Twp 

9450 

022 s0ci0s 

B 55028840 Sold 

1 Boach 

$110,300 

3 Boach 

50 Soutvastem Mctiga 83. Casco Top 

5% 

022 Wix ins 

9 357047869 Sold 

7327 Baach 

$190,000 7227 Bach 

118 Souivwustom Michiga 89 Cased 

Twp 

18250 

0.362 160ct08 

10 22033668. Sold 

37 Bosch Steel 

$110,000 37 Bogen Shear 

72 HollandiSougatuck 

27 - GanpesiGienn 

WHS 

LET 165K 188K" 

114033610. 50kd 

Bichwood Drive 

$107,500 Birchwood Drive 

309 Southwostam Michiga 93» Casco 

Twp 

1375 

031 OX Tea xs 

12 15023269 Sold 

723) Lakeview Avaae 

$100,000 7231 Laksviow Avira 

2 Souhwostem Michiga 83. Cased Top 

asso’ 

22 s0x 10 

13 36034610 Suk 

7236 Lakeviow Avani 

$100,000 7236 Lubeiow Avoniio 

20 “Soutwustam Aichiga 93- Casco 

Twp 

9450 

0.22 90x05 

14 90006486 Seid 

Lake Forest Dine 

$100,000 Lake Forest Drive. 

2 Soufhwaslem Mitiga 93- Casca 

Twp. 

TAO 

043 125085 

15 22010740 Sold" 

VAL 302% 

303 Jrorwood Drive $105,000 Vi 502 & 303 banond Diva 

316 Soutwnstem Michigan 93- Casco Twa 

230 

0514 lreyslw sae) 

16 21108650 Sold “444 38 Beach Diva 

$97,900 Lot 36 ouch Ditve 

20 HolariSaugaigek 

27 Gungesiienn 

20855 

0.566 171X163 %9 

1717003556 Sola. 

76 hap 

355,000 76 Maple 

0 Souhwostem Mega 93+ Casco 

Tup 

Gaz 

028 exis 

18 20049316. Sold 

7165 Creokusod Ore 

$82,500 7155 Creekwnod Drive 

125 Hotand/Savgaluck 

27 GongesiGlonn 

20038 

045 15HEIEI 

1516047272 50k. 

Ridgeway Sirzat. 

$85,000 Ritgoway Bureat 

0 HolandiSaugatuck 

1 27- GangasiGlenn 

8750 

043 125150 

20 1905201 Ss 

7209 LaeviawAvings 

$125,000 7239 Lakaian Aventis 

3. Soubhwastain Mitiga 93- Casco 

Tup 

B30 

0.145 60x 05 

20 24040085. 50a 

7248 Miamé Avene 

$100.000 7268 Mind Avenue 

130 Southwest Michiga 

8500 

0.43 10560 

A Bi AS ST BE eT ire Ti 

SB 

maina br os vf sen 

IE fe 

Le eo 

ee So ee 

re pe 

Trims os TB 

d

Aerial Location Map 

Borrower 

NA 

Properly Address 

7143 Maple Ave 

Gity 

South Haven 

County Allegan 

State 

MJ 

Zip Code 

48090 

Lender/Cliont 

Bill Sullivan 

a la made, In

Building Sketch (Page - 1) 

Borrower 

NA 

Property Address 

7143 Maple Ave 

. 

City, 

South Haven 

County Allegan 

State 

Mt 

Zp Code 

49090 

Lender/Client 

Bill Sullivan 

Uncovered Deck 

[84.6 Sq ft] 

12.3" 

33.9" 

& Ptorage Shed 

> 

a 

[113.81 Sq ft} 

= 

Uncovered Deck 

Gazebo 

[356.64 Sq ft) 

Fa 

121.21 Sq ff, 

ord 

12 

1.8 

22.4" 

uw 

83 

@ 

ci 

21.4 

1.5 

~~ 

Dining 

ww 

Ares 

Living 

Room 

wo 

© 

Kitchen 

Family Room 

| 

i 

1 

First Floor 

a 

Foyer 

9 

[1258.41 Sq ft] 

id 

| 

Uncovared patio 

| 

NM 

340 Sq 

ft] 

Bath 

[340 

5a] 

o 

w 

9 

a 

ES 

12.3 

- 

Covered Entry 

£30.04 Sq ft] 

4.3" 

3. 

2 | uncovered Deck 

1127.87 Sq ft} 

16.5 

11 

17.3 

primary 

Bedroom 

bo 

an 

1° 

N 

Second Floor 

Second Floor 

w 

N 

N 

(350,46 Sq ft] 

[355.3 Sq ft] 

» 

of 

Prime 

J 

Y] 

 sedroom 

Bedroom 

14.3"

Building Sketch (Page - 2) 

Borrower 

NA 

Property Address 

7143 Maple Ave 

City 

South Haven 

County Allegan 

State 

M1 

Zp Code _ 49090 

LendorCionl____Bilt Sullivan 

TOTAL Sketch by 3 a mode 

Area Calculations Summary 

HS 

w— 

Living Area. 

< 

Details 

First Foor 

1258.4 Sqft 

323x242 

= 7841 

289x182 

= 4163 

Zixo0i 

= 

1 

4x 142 

= 

57 

Second Floor 

3505 Saft 

43x12 

= 1602 

17.3 x11 

= 1903 

Second Floor 

355.3 5a ft 

RIX 

= 3553 

Total Living Area (Rounded): 

1964 sqft 

Hon-living Area 

: 

Cavered Enby 

308 

15x86 

= 

30 

Uncovered Deck 

356.6 5¢ ft 

78x24 

= 1737 

928x115 

= 1131 

9.9 x 42 

= 

421 

05%9.9%56 = 

27.7 

Uncovered Deck 

84.65a 1c 

124 x6 

= 

n 

05x36x36 = 

63 

05x36x36 = 

63 

Storage Shed 

11385qR 

9.9 x82 

= 

818 

8x4 

= 

Uncovered Deck 

1229597 

165% 78 

= 1279 

Uncovered Patio 

34059 ft 

14% 10 

= 

140 

0x10 

= 

200 

Gazebo 

121259 % 

5x35 

= 

177 

05%35%35= 

62 

05x35x35= 

62 

12.0% 5 

= 

60.7 

5x35 

= 

a7 

05%35%x35 = 

62 

05x35x35 = 

62

Subject Photo Page 

Bormowier 

NA 

Properly Address 

7143 Maple Ave 

i 

Git. 

South Haven 

County Allegan, 

) 

State 

mI 

Tip Cade 

49090 

Lender/Client 

Bill Sullivan 

7143 Maple Ave 

Sales Pdce 

Gross Living Area 

Total Rooms 

Tota! Bedrooms 

Total Bathrooms 

Location 

View 

Site 

Quality 

Age 

Front 

[¢] 

1,964 

7 

4 

2.0 

B;Res;LkAcss 

N;Res;Creek 

15006 sf 

Good 

a7 

Rear 

Street

Subject Photo Page 

Boirower. 

NA 

Properly Address 

7143 Maple Ave 

Clty 

SouthHaven 

County Allegan 

State 

Mi 

Zip Code 

48090 

Eender/Client 

Bifl Sullivan 

7143 Maple Ave 

Sales Price 

Gross Living Area 

Total Rooms 

Total Bedrooms 

Total Bathrooms 

Location 

View 

Site 

Quality 

Age 

Side 

[J 

1,964 

7 

4 

2.0 

B;ResiLkAcss 

N;Res;Creek 

Side 

Street

Subject Photo Page 

Borrower 

NA 

Properly Address 

7143 Maple Ave 

ee 

City 

South Haven 

County Allegan 

State 

MI 

Zip Code 

49090 

tender/Client 

Bill Sullivan 

House Number 

7143 Maple Ave 

Sales Price 

0 

Gross Living Area 

1,964 

Total Rooms 

7 

Total Bedrooms ~~ 4 

Total Bathrooms 

20 

Location 

B;Res;LkAcss 

View 

N;Res;Creek 

Site 

15006 sf 

Quality 

Good 

Age 

47 

View Across the Street 

View to the Rear

Subject Photo Page 

Borrower 

NA 

Property Address 

7143 Maple Ave 

City 

South Haven 

County Allegan 

State 

mi 

Zip Code 

49090 

Lender/Client 

Bill Sullivan 

Gazeho 

7143 Maple Ave 

Sales Price 

0 

Gross Living Area 

1,864 

Total Rooms 

7 

Total Bedrooms 

4 

Total Bathrooms 

2.0 

Location 

B;Res;LkAcss 

View 

NiRes;Creek 

Site 

150086 sf 

Quality 

Good 

Age 

47 

Shed Front & Side 

Shed Rear & Side

Subject Photo Page 

Borrower 

NA 

Properly Address 

7143 Maple Ave 

City 

South Haven 

County Allegan 

State 

ml 

Zip Code 

49090 

Lender/Client 

Bill Sullivan 

Creek View 

7143 Maple Ave 

Safes Price 

0 

Gross Living Area 

1,964 

Total Rooms 

7 

Total Bedrooms 

4 

Total Bathrooms 

20 

Location 

B;Res;LkAcss 

View 

N;Res;Creek 

Site 

15008 sf 

Quality 

Good 

Age 

47 

Creek View 

Creek View

Subject Interior Photo Page 

Bomower 

NA 

Property Address 

7143 Maple Ave 

City 

South Haven 

Counly_Allegan 

State 

ml 

Tip Code 

49090 

Lender/Clignt 

Bill Sullivan 

Foyer 

7143 Maple Ave 

Sales Price 

0 

Gross Living Area 

1,964 

Total Rooms 

7 

Total Bedrooms 

4 

Total Bathrooms 

20 

Location 

B;Res;LkAcss 

View 

N;Res;Creek 

Site 

15006 sf 

Quality 

Good 

Age 

47 

Living Room 

Dining Area

Subject Interior Photo Page 

Borrower 

NA 

Property Address 

7143 Maple Ave 

. 

Gity 

South Haven 

County Allegan 

} 

State 

ml 

Zip Code 

49090 

Lender/Client 

Bill Sullivan 

Kitchen 

7143 Maple Ave 

Salgs Price 

0 

Gross Living Area 

1,964. 

Total Rooms 

7 

‘Total Bedrooms 

4 

Total Bathrooms 

20 

Location 

BiRes;LkAcss 

Vigw 

NiResiCreek 

Site 

15006 sf 

Quality 

Good 

Age 

47 

Family Room 

Bedroom

Subject Interior Photo Page 

Bomower 

NA 

ee 

Property Address 

7143 Maple Ave. 

City, 

South Haven 

Counly Allegan 

State 

Mit 

ZipCode 

49090 

Lendsr/Client 

Bill Sullivan 

Full Bath 

7143 Maple Ave 

Sales Price 

0 

Gross Living Area 

1,964 

Total Rooms 

7 

Totat Bedrooms 

4 

Total Balhrooms 

20 

Location 

Res;LkAcss 

View 

es;Creek 

Site 

15006 sf 

Quality 

Good 

Age 

47 

Laundry Room 

Bedroom

Subject Interior Photo Page 

Borrower 

NA 

Property Address 

7143 Maple Ave 

. 

a 

Gity 

South Haven 

} 

County_Allegan 

State_MJ 

Zip Code 

48090 

Lender/Client 

Bill Sullivan 

Bedroom 

7143 Maple Ave 

Sales Price 

0 

Gross Living Area 

1,964 

Total Rooms. 

7 

Total Bedrooms 

4 

Total Bathrooms 

20 

Location 

B;Res;LkAcss 

View 

NiRes;Creek 

Site 

15006 sf 

Quality 

Good 

Age 

47 

Primary Bedroom 

Primary Full Bath

Gomparable Photo Page 

Borrower 

NA 

SE 

SD 

Properly Address 

7143 Maple Ave 

a 

i. 

. 

City 

South Haven 

oe 

. 

County Allegan 

State 

MJ 

Zip Code 

49090 

Lender/Client 

Bit Sullivan 

Gomparable 

1 

1448 71st SU 

Prox. to Subject 

1.25 miles N 

Sale Price 

550,000 

Gross Living Area 

1,801 

Total Rooms 

6 

Total Bedrooms 

2 

Total Bathrooms 

2.0 

Location 

B;Res;LkAcss 

View 

N;Res; 

Site 

22521 sf 

Quality 

Good 

Age 

75 

Comparable 

2 

1224 Ash Dr 

Prox. to Subject 

0.13 miles NW 

Sale Price 

572,375 

Gross Living Aca 

3,171 

Total Rooms 

10 

Total Bedrooms 

5 

Total Bathrooms. 

24 

Location 

B;Res;LkACss 

View 

N;Res; 

Site 

25700 sf 

Quality 

Good 

Age 

47 

Comparable 

3 

79994 Ramblewood Dr 

Prox. to Subject 

14.17 miles SW 

Sate Price 

595,000 

Gross Living Area 

1,626 

Total Rooms 

5 

Total Bedrooms 

3 

Total Bathrooms 

24 

Location 

B;Res;LkAcss 

View 

N;Res;

Gemparable Photo Page 

Borrower 

NA 

Propedy Address 

_ 7143 Maple Ave 

Clly 

South Haven 

County Allegan 

State 

ME 

Zip Cade 

49090 

Lender/Client 

Bill Sultivan 

35 3rd St 

Prox. to Subject 

Sale Price 

Gross Living Area 

Total Rooms 

Total Bedrooms 

Total Bathrooms 

Location 

View 

Site 

Quality 

Age 

Prox. to Subject 

Sale Price 

Gross Living Area 

Tota) Rooms 

Total Bedrooms 

Total Bathrooms 

Location 

View 

Site 

Quality 

Age 

Prox. to Subject 

Sale Price 

Gross Living Area 

Total Rooms 

Tota! Badraoms 

Total Bathrooms 

Location 

View 

Comparable 4 

8.65 mites 

649,000 

1,649 

8 

4 

21 

B;Res;LkAcs

Location Map 

Bomower. 

NA 

Property Addess 7143 Maple Ave 

City 

South Haven 

County Allegan 

State 

MI 

Zip Code 

49090 

Lender/Client 

Bill Sullivan 

ge 

a la’ made, in 

COMPARABLE No. 1 

1448. 718151 

1,25 polles N 

“glenn 

COMPARABLE No. 2 

{ 

sumiect 

1224. Ash Dr: 

7143 Maple 

Ave 

0.13 miles NW 

oseo United 

We 

odist Ghurels 

2 

4 

L 

COMPARABLE No, 4 

a5 3rd. St 

8.65 miles 5 

£0 Han 

COMPARABLE No, 3 

79994 Rambléwood Df 

14.17 inites SW

License 

eater pir 

i 

geek 

STATE 

‘OF MICHIGAN 

0953945 

DEPARTHENT 

[OF ‘LICENSING 

-AND REGULATORY AFFAIRS 

BUREAU, 

"OF | PROFESSIONAL LTCENSING 

CERTIFIED: RESIDENTIAL REALESTATE APPRAISER LICENSE 

TERRY W_VAN 

DIS 

Erman ute 

seman 

07/33/7202 

a CBr 

cin,

E&O Policy 

GREAT, 

DECLARATIONS 

4 

for 

IAMERICAN, 

REAL ESTATE APPRAISERS 

INSURANCE GROUP 

ERRORS & OMISSIONS INSURANCE POLICY 

301 E. Fourth Street, Cincinnati, O11 45202 

THIS IS BOTH A CLAIMS MADE AND REPORTED INSURANCE POLICY. 

‘THIS POLICY APPLIES TO THOSE CLAIMS THAT ARE FIRST MADE AGAINST THE INSURED 

AND REPORTED IN WRITING TO THE COMPANY DURING THE POLICY PERIOD. 

Insurance is niforded by fhe company indicated below: (A capital stock corporation) 

BE 

Great American Assurance Company 

Nolte: The Insuranc 

above shall herein be referred 10 as the Company. 

Policy Num 

Renewal of: 

 RAP4118065-24 

Program Administrator: 

Herbert H, Landy Insurance Agency Inc. 

100 River Ridge Drive, Suite 301 Norwood, MA 02062 

{tem {. Named Insured: 

~~ Terry Van Dis 

Hem 2. Address: 

610 N, Maple Street 

City, State, Zip Code; 

Saugatuck, ME 49453 

tem 3. Policy Period: From 

02/27/2025 

To 

02/27/2026 

(Manik, Day, Year] 

(Month, Day, Year) 

(Both dates at 12:08 am. 

Stundard Time at the address of the Named Iisured as stated in tiem 2.) 

lem 4. Limits of Liability: 

AS 

__1,000,000 

Damages Limit of Liability - Each Claim 

B.$_ 

1,000,000 

 Ciaim Expenses Limil of Liability — Each Claim 

C.s5__ 

1,000,000 

 pamages Limit of Liability - Policy Aggregate 

D.s__ 

LO0O000 

 Ciaim Expenses Limit of Liability — Policy Aggregate 

{lem 5. Deductible {Inclusive of Claim Expenses): 

A 

S__ 

000 

Each Claim 

B. §_ 0.00 

Aggregate 

lem 6, Premium: $708.00 

Item 7. Retrunctive Date (il applicable): 

03/29/2007 

Hem 8. Forms, Notices and Endorsements attached: 

D42100 (03/15) DA2300 ML(05/13) 

IL7324 (07/21) 

DA2402 (05/13) D42412 (03/17) D42413 (06/17) D42414 (08/19)

2 

= _tli¥p 

Th EEE CL 

£03039

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