25-003415.pdf

Rent 2 U LLC, Petitioner V City Of Lansing, Respondent · 25-003415-TT

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= 

JAN 22 209 

@aed 

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

Rent2 U, LLC (Nathan L.S. Wood) 

| 

MICHIGAN TAX TRIBUNAL 

Petitioner(s) 

v 

MTT Docket No.__25-003-415 

City of Lansing, MI 

Respondent(s) 

MOTION TO SET ASIDE DEFAULT 

1. 

A default was entered against me on 

9-23-25 

and, if applicable, the default 

was extended on __ 10-22-25 

2. 

Good cause exists to set aside the default because: 

Daily 

| receive around 70 emails. With so many incoming emails 

. 

. 

. the MI Tax Tribunal 

information was overlooked. 

In light of this information, 

| am asking the defaut be set 

aside. (Enclose you will find a signed copy of the Property Tax Appeal Petition Form, 

which is now signed.) 

3. 

l ask this Tribunal to set aside the default. 

Yu 

2h A 

[17 ) 87-9363 

Party/Representative (sign here) 

Nathan L. S. Wood 

[Print/type name of person signing] 

| certify that on this date 

| served a copy of this Motion, and any additional documentation, on the 

opposing party or their representative.

Community Journal 1% 

2624 

ON 

: 

THIS 

In 1954, Hank Aaron hit the first home run of his MLB career. He would 

DATE 

9o©n to hit 755 homeruns, breaking Babe Ruth's MLB record. 

~ ARP 

rons fol (aot &2 704 Clie 

Famgus 

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Birthday 

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William Shakespeare 

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Born 1564 

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actor often called the English 

El IL 

national poet and considered 

Te doit 

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by many to be the greatest 

ding a 

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iis oo ! 

OF Ht Month 

satisfaction 

Of knowi 

Yur efforts on behal 

OF iis store have been 

noticed and Scie 

dramatist of all time, for his 

works such as Macbeth, 

Hamlet, Romeo and Juliet, 

and Julius Caesar. 

Word of the Day 

5 

Askance 

eo 

| 

Jere are lots oF. 

Back | at yeh L 

"bla 

uh-SKANSS 

i 

| 

ore, iio: 

— 

— 

(adverb) 

pili” anoner. 

| 

Soi. 

] 

. 

“brick and mortar" 

With doubt or suspicion 

Store. 

i 

N78 

“Employers tend to look 

askance at people who 

change jobs often.” 

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Featured 

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1. Stand upright, raising your arms overhead. 

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RECFTVED 

JULZ8 

25 

MICHIGAN TAx 

ri RIBUNAL 

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY 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) 279, you MUST submit a copy of the notice giving rise to the appeal 

(e.g. Board of Review Decisfon 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 

Nathan 

LS. 

Wood 

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

Tres 

ht 

OnnT 

00 

dn 

5968 Park Lake Road 

Iranlnfo: £0 

26038923 102 

Clty or Town 

State 

ZIP Code 

ALE 

4rd 

N 

E. Lansing 

MI 

48823-0207 

Ib: 

RENTAL 2B UL 

Telephone Number = 

4 7-887-9363 

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

nis_wood@yahoo.com 

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

First Name 

[XN 

Last Name 

Firm Name (If any) 

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

City or Town 

State 

ZIP Code 

Tetephone Number 

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

Section 3: Subject Property Information 

How many 

{f 

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

parcels are you 

Yas* 

No** 

appealing? 

*ifyes, use a multiple parce! form for Information regarding any contiguous parcels, 

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

Properly Address (No., Street, Cily, ST, ZIP) {If multiple, Hst first property's address) 

1114 Camp Street, Lansng, MI 48906

5 

uy, 

epi 

. 

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

Section 4: Issues Being Appealed (shock al that apply) 

True Cash and Taxable Value 

[1 Poverty Exemption 

Taxable Value Only (calculation) 

{J Disabled Veterans Exemption 

0 Unoapping of Taxable Value 

[1 Eligible Manufacturing Personal Property (ESA) 

a Exemption from Taxation (other than the denial of a 

Principal Residence or Qualified Agricultural Exemption) 

[J Classification 

Section 5: Explain the Reason for this Appeal 

is removed. 

1114 Camp Street is a Red Tag 

an unlivable condition. In add 

each month until the house is re 

ged property, which means it is ip 

ition to the taxes, I pay $165.00 

inspécted and the Red Tag status 

I purchased the property for $14,500 

LI 

» 

t th 

; 

Taxable value of $18,796. For the 202 

etx mo it had a Final 

| 

has raised this Red Tagged house to $35,600, which is an 

89% increase—an exorbitant amount, 

: 

Cr 

] 

(See attached: 2025 BOR Decision.) 

5 year the review board 

Section 6: Jurisdictional Issues 

Year(s) you are appealing: 

2025 

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

If No, check the applicable reason(s): 

0 Not required to attend 

[I] Assessment Change Notloe was not received by Petitioner 

[1 Appealing within 36 days of State Tax Commission Order 

Yes 

if Yes, check which 80R you attended AND attach the BOR decision: 

March 

0 July 

[Wl] Decamber 

0 Appealing a purported Clerical Error or Mutual Mistake of Faot (if yes, include explanation in Section 5) 

[Two

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON |. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

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

Parcel Identification Number: 

Classification of Property: 

Real 

Personal 

(check one) 

Agricultural 

 Commarocial 

Industrial 

Re 

Timber-Cutover 

Davelopmental 

iy 

{check ane) 

[4 

Currant Assessod Valus (also known as State Equalized Value) as established by the BOR: 

2024 - 29,500; 

2025 - 35,600 

Current Taxable Value as established by the BOR: 

2025 - 35,600 

What do you balleve is the falr market value {also known as True Cash Value)? 

$14,500 - what 

| paid at the tax sale auction 

Multiply the True Cash Value by .5 and enter here. This Is your oantentlon of Assessed Valia. 

$7,250 

If you believe the Taxable Value differs fram 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 dentifloation Number: 

33-01-10-327-111 

Current Classification of Property as established by Board of Review: 

Real 

Personal 

(check one) 

Agrioultural 

Commercial 

Industrial Rosy! 

Timber-Cutover 

Developmental 

Ulility 

{check one) 

A 

What do you believe is the property's classification? 

Real 

Personal 

{check one) 

Agrlouitural 

Commercial 

Industrial 

Residential 

Timber-Cutover 

Developmental 

Utility 

(ohsck one) 

Ra 

Rw 

) 

oo 

0 

If improved properly, how Is the property currently being used? 

see photos 

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

see photos

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON £. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

Fee information 

Does the subjeot properly have a Principal Residence Exemption of at least §0% as of the date of the filing of this petition? 

[1] Yes 

No 

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

1 ves 

No 

you anawerad ya to elthar or both of the above questions, you are pot required to pay any filing fees, 

The filing fae Is bassd on the greater of the State Equalized Value or Taxable Value In contention. 

If you are appealing more than one 

paroe, the parcel with the highest Stato Equalized Value or Taxable Value fn contention wii) bo used to determine your filing fea, plus 

$26.00 will be added for each additional parcel being appealed, not to excead a total filing fee of $1,000, 

{fyour property Is residential property (see MOL 205.762) and 

the State Equalized Value or Taxable Value in contention fs; 

Filing Feo ls: 

$100,000.00 and under 

$126.00 

$100,000.01 to $500,000.00 

200.00 

$Over $600,000.00 

300.00 

your proporty Is NOT vesidentilal property {ses MCL 206.762) and 

the 8tate Equalized Value or Taxable Value in contention ls: 

Filing Foe ts: 

$100,000.00 and under 

$260.00 

* Plus $26.00 for each additional parcel, as indloated 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 *Raqulrad 

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2 

Petitioner i 

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s

Community Journal, 

1% 

moa 

ON 

THIS 

In 1954, Hank Aaron hit the first home run of his MLB career. He would 

DATE 

90©n to hit 755 homeruns, breaking Babe Ruth's MLB record. 

S AX 

Famous 

gout 

Tie |e 

| af your story 

and 

Birthd 

BH | 

p 

|e te 

irt 

ay 

: 

Nea 

or 

an on 

William Shakespeare 

5 2 

Born 1564 

4 

15 

English poet, dramatist, and 

WW 

Se i 

actor often called the English 

Ie 

national poet and considered 

rr 

Ive decided fo start 

| What doyou get? You 

by many to be the greatest 

get 

te pride and 

dramatist of all time, for his 

Wc 

on 

works such as Macbeth, 

Caled 

land cod 

woticed aud appreciated. 

Hamlet, Romeo and Juliet, 

and Julius Caesar. 

Word of the Day 

5 

Askance 

Jere aro lge of, 

"Beck gi’ on 

re 

Ca Ar 

— 

(adverb) 

oisii fewnmoner.. 

| 

Seaman. 

} 

brick and mortar" 

With doubt or suspicion 

store... 

Zz 

“Employers tend to look 

X4 

X 

askance at people who 

2/ 

change jobs often.” 

2 

Featured 

50 T 

1. Stand upright, raising your arms overhead. 

oy 

oe 

2. Tap right toe to the side. 

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3. Bring it back in as you lower your arms.

1114 Camp St, Lansing 

Ingham County 

foreclosed 

on 

this 

792-square-foot, 

two-bed- 

room home near Old Town in Feb; 

ruary 2023 following a history-of 

noncompliance 

by 

a handful 

of 

successive owners. Notably, it was 

red-tagged for safety concerns in 

2017 and went on to be boarded up 

twice in 2021 and again in 2022 

and 2023. After failing to sell in 

the county's 2023 auction, Nathan 

Wood's RENT 2 U LLC bought it 

at last October's county auction as 

part of a three-property deal that 

also included 2028 W. Malcolm 

X St. and 309 E. Potter Ave., In- 

gham County Treasurer Alan Fox 

said. Fox added that all three “are 

in pretty bad shape,” which 

led 

them to not sell originally, but he 

has hopes that Wood and his com- 

pany are able to turn them around. 

According 

to 

the Assessors 

Of- 

fice, RENT 2 U LLC doesn’t own 

any other city properties, meaning 

their focus could very well be set on

Restricted Appraisal Report 

Fie No. d1114camp 

Thisreportis kmitediothe sole 

ihe clisot 

Ther 

arrived althe opinions and conchisions sel Ferthinthis report may nol be understood propery without add tonal 

{73 Informationinthe 

appealsar's workhi, The purposa ofthis appralsalreportistopenidathe dint withacredile opinion of the datinad valued the sublect property, ghven the lntendsdusaof ie 

1% Client 

Nathan Wood 

Emad 

N/A 

1 Crent Address 5968 Park Lake Rd, Apt34D. 

City East Lansing 

State MI 

2ip 48823 

Bf intended Use The intended use of the report is to eslablish a retrospective market value of the residential property for the dispute of the 

assigned property tax. The intended user of the report is Nathan Wood. 

Property Address 1114 Camp St. 

city Lansing 

State Mt 

Zip 48906 

8 Other Description (APN, Legal, etc). If applicatle 

 Legal:-W 60.2 ft of fot 13 Farcands Addition, PP#:3-01-01-10-327-111 

Propery 

Righls Appraised 

[XJFee Simple 

|_Jteasehold [J Other (describe) 

Subject property existing use: 

Residential 

Use reflected in appraisal: 

Residential 

Highest and Best Use: 

[XJewstiog 

| Jomer; 

Myseseach [X01 Jd not reveal any prior sales or transfers of the subject property fog the thee years prio lo he effeciive dato of 1s appealsal. 

Por SafefTransfer: 

Date 11/12/2024 

Price $14,000 

Source(s) A 

or 

fe] Analysts of paior sale bansfes history 

of the subject property {and comparable sales, If appFeatie) 

The prior sale was recorded with the Grantor being the Ingham 

2 County Treasurer and recorded in liber/page 2024-026890. 

Offerings, opions and conlracts as of the effective dale of the appraisal 

None Noted 

Narketabisty Comments: 

Financing was found to be readily available at historically acceptable rates of interest and at terms generally 

acceptable to the buyer. Marketing times are currently in batance and homes are selling with average to good frequency within the 

subjects market area, 

All information is faken from the local board of realtors and local assessors records, 

Properties in the subjecls 

area appear maintained and the subject has services and amenities similar to and or consistent with other competitive properties in the 

subjects surrounding area. 

Site Comments: See Attached Addendum 

CONIMENTS 

Improvement Comments: 

The subject is a cape cod style home with a covered front porch and open parking for one car. The exterior of the 

home is in poor condition and in need of significant repairs including a new roof, repairs to the front porch and steps, siding, windows 

and shoring up open entrances into the home. The interior of the home is in poor condition and features a living room, dining room 

wilh door the rear and kitchen, See Addendum... 

FEATURE 

i 

SUBJECT 

COMPARABLE SALE NO. 1 

COMPARABLE SALE HO. 2 

COMPARABLE SALE NO. 3 

1114 Camp St. 

1008 Cady Ct. 

2012 New York Ave. 

1500 New York Ave. 

Address Lansing, MI 48906 

Lansing, 

MI 48806 

Lansing, 

MI 48906 

Lansing, Mi 48906 

Proximity lo Subject 

0.13 miles SW 

0.69 miles NW 

0.31 miles NW 

Sale Price 

$ 

$ 

19,000 

$ 

22.500 

$ 

36,500 

Sale PriceiGross 

Uv. Area 

|'$ 

0.00 sq.n. 

{$26.39 sq.0. 

$ 

2315 s.0 

$ 

28.40 sq.9. 

Data Source(s) 

GLARMLS#:282723 /[DOM:36 | GLARMLS#:278292 /DOM:8 

| GLARMLS#:281865 /DOM:41 

Verification Source(s) 

Assessor 

Assessor 

A 

or 

VALUE ADJUSTIENTS 

DESCRIPTION 

DESCRIPTION 

3 Amt 

DESCRIPTION 

+8) $Agtrant 

DESCRIPTION 

+4 Aimed 

Sate of Financing 

Cash REO 

Cash 

Cash 

Concessions 

No Concessions 

No Concessions 

No Concessions 

Date of Sale/Time 

10/07/2024 

02/21/2024 

08/23/2024 

Location 

Suburban 

Suburban 

Suburban 

Suburban, 

LeaseholdiFee Simple _ | Fee Simple 

Fee Simple 

Fee Simple 

Fee Simple 

Site 

33x61 

43x51.76 

38x99.45 

49x87.5 

View 

Residential 

Residential 

Residential 

Residential 

PR Design (Style) 

Cape Cod 

Ranch 

2 Story 

Cape Cod 

[5 Quatty of Construction 

| Average 

Average 

Average 

Average 

$d Actual Age 

1918 

1914 

1922 

1916 

I condition 

Poor. 

Poor 

Poor 

Poor 

$F Abve Grade 

Tod foes] 

mms 

{towlesms| 

mans 

er re 

Tas [Bars] 

Bove 

121 Room Count 

512 

1 

512 

1 

63 

1 

olefal 

11 

[1] 

£3 Grossing 4026.00 

820 sq. fi. 

720 sqfi. 

660 

972 so.1t. 

-812 

1,285 sq fl. 

-2,790 

Basement 

& Finished 

| Full 

Full 

Full 

Full 

$3] Rooms Below Grade 

Unfinished 

Unfinished 

Unfinished 

Unfinished 

HA] Functional Usiity 

Average 

Average 

Average 

Average 

2 Healing/Cooting 

FWAINAC 

FWAINAC 

FWANAC 

FWANAC 

Encrgy Efficient lems 

None 

None 

None 

None 

Garage/Carporl 

No Garage 

1 Car Garage 

-2,000 | No Garage 

1 Car Garage 

-2,000 

Porct/Patio/Deck 

Porch 

Similar 

Simitar 

Similar

CERTIFICATION 

YP 

EAND DEFINITION -OF VALU 

Restricted Appraisal Report 

Filo Mo. d1114camp 

Melhods andtechnlques employed: |X] Sates Comparison Approach 

[J costapproach 

[J tncome Approach {J others 

Discussion 

of methods and lechrbques employed, Including reason for excluding an approach fo value: 

For the purpose of this report and the intended use, the 

sales comparison approach to value was the only approach considered and would be the most practical way to determine market value 

for the subject in this situation. 

Reconcitaton comments: After an interior and exterior inspection of the subject and reviewing the comparables available in the subjects area 

1 find the retrospective market value of the subject as of December 31, 2024 fo be $20,000. 

Based on the scope of work, assumptions, Hmiting conditions and appraisers certification, my (our) opinion of the defined value of the real property that Is 

the subject 

of thisreportasof 

December 31, 

2024 

Singlepolnt $20,000 

[W] Range $ 

to 

which s the effective date of this appraisal, is: 

{Joreaterthan 

[J Lessthan 

$ 

This appraisal is made 

5) ‘asls,’ [8] subject to completion per plans and specifications on the basis of a hypothetical condition thal the improvements have been completed, 

{TJ subect to Ine foSrwng repairs 

of alterations on the basls of a hypothetical condillon ial the cepalrs of alfcralions have been completed 

[3 subiect to the fottowing: 

Appralser's Certification 

The appraiser(s) cesiifios that, lo the best of the appraiser's knowledge and bellef: 

1. The statements of fact contained ia his report are tne and correct, 

2. The reported analyses, opinions, and concluskans are §mited only by the reported assumptions and limiting conddlons and are the appraiser's personal, impartial, and unbiased 

professtanal analyses, opinions, and conclusions. 

3. Unless othenwise staled, the appraiser has no present or prospective interest in the property thal is (he subject of this report and has no personal interest with respect fo the parties. 

Invelved. 

4, The appralser has no bias with respect to the property that is the subject of his repost of to the parties involved with this assignment. 

5. The appealser’s engagement In (is assignment as nol contingent upon developing of reporting predetesanned resulls. 

6. 

The appraiser's compensation for completing this assignment Is not contingent upon lhe development 

of reporting of a predetermined value or direction in value that favors Lhe cause of 

the cen, the amount of the value opinion, (he attainment of a stipulated rest, or the occurence of a subsequent event directly related to the infended use 

of this appraisal. 

7. The appralser's analyses, opinlons, and conclusions were developed, and (his report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. 

8. Unless olherwise noted, the appraiser has made a persanal inspection of the property thal Is the subject of this report. 

9. Unless noted, n0 one provided significant ceal property appraisal assistance to lhe appraiser signing this certification. Sigaficant real property appraisal assistance provided by: 

Addltional Certifications: 

Typo 

of Value: 

arketValue 

{J Other Value: 

Soutce 

of Definition: 

Appraisal Institute 2024-2025 USPAP 

Definition of Value: A type of valus, stated as an opinion, that presumes the transfer of a propery (i.e., a right of ownership or a bundle of 

iM such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable 

In an appraisal. 

APPRAISER 

COAPPRAISER 

Signature: 

Signature: 

Name: Dough 

J. 

Petrol UV’ 

Name:

Fe Ko. d4114camp 

Scope of Work, Assumptions and Limiting Conditions 

‘Scope of work is defined fn the Uniform Standards of Professional Appralsal Practice as ~ the type and extent of research and analyses In an assignment.” tn shoet, scope of 

work Is what the appialser did and did not do during the course of the assignment. Itincludes, but is not limited to: the extent ta which the property Is Identified and Inspecied, 

thetype and extent of data researched, the lypa and extent of analyses applied to arrive at opinions or conclusions. 

‘The scope of ths appraisal and ensuing discusslon in his report are specific to the needs of the client and to the Intended use of the repost. This report was prepared for the sole 

and exclusive use of the cllent for the Identified Intended use and lls tse by any other parties Is prohibited. The appralser Is not responsible 

for unauthorized use of the report. 

‘The appralser's certification appearing In this appraisal report 1s subject to the following conditions and 

to such other specific conditions as are set forth bythe appraiser Inthe 

report. All extraordinary assumptions and hypotheticat conditions are stated In the report and might have affected the assignment results. 

1. The appraiser assumes no responsiblity for mallets of a legal ahr affecting the property appralsed of title thereto, nor does Lhe appraiser ender any opinion as 1a the tile, whichis 

assumed to be good and markelable. The property fs appraised as though under responsible ownership. 

2. Any sketch in (his report may show approximate dimensions and fs included only to assist Lhe reader in visualizing the property. The appraiser has made no survey of the property. 

3. The appraiser is not sequired lo give testimony 

or appear in court because of having made the appraisal with ceference to he property in question, unless arrangements have been 

previously made thereto. 

4. Nelther all, nor any part of the content of this repor, copy of other media thereof (inchuding conclusions as (0 the property vakee, the Identity of the appraiser, professional designations, 

of the firm wilh which the appraiser is connected), shall be used for any purposes by anyone but the dient and other intended users as fdentiied in this report, nor shal it be conveyed by 

‘anyone Io the public through advertising, public refations, news, sales, or other media, without the witten consenl of the appralser. 

5. The appraiser w# not disclose he contents of is appraisal report urdess required by appcable taw ot as specified in the Uniform Standards of Professional Appralsal Practice. 

6. 

Information, estimates, and opinions furnished fo the appraiser, and contained in the report, were obtained from sources considered reflable and believed lo be ue and correct 

However, no responsibility for accuracy of such items furnished to the appraise is assumed by ihe appraiser, 

7. The appralses assumes that there are n0 hidden 

of unapparest conditions of the property, Subsod, or stnctures, which vould render it more 

of less valuable. The appraiser assumes 

no responsidilty for such condilions, o« for engineering or testing, which might be required to discover such factors. This appraisal Is not a home Inspection 

of environmental assessment 

of the properly and should not be considered as such. 

8. The appalser specializes in the valuation 

of teal property and is nol a home inspector, building contractor, structural engineer, or simdar ‘expert’, unless otherwise noted. The appralser 

did not conduct the intensive type of field observations of the kind intended to seek and discover property defects, The vieaing of the property and any impravements Is fof purposes of 

develoging an opinkon of the defined value of the property, given Lhe intended use 

of [his assignment. Slatements regarding condiion are based on surface observations orly. The 

appraiser claims no special expertise regarding Issues including, but not limited to: foundation setilement, basement moislure problems, wood destroying (or other) insects, pest Infestation, 

radon gas, lead based paint, mold or environmental Issues. Unless otherwise indicated, mechanical systems were not activated of tesled. 

This appraisal report shotdd not be used lo disclose the condition of the property as It refates to the presence/absence of defects. 

The dient Is Invited and encotraged to employ qualified 

experts lo fnspect and address reas of concern. fl aegative conditions are: discovered, lhe option of value may be affected. 

Unless otherwise noled, the appraiser assumes 

the components thal constitute the subject property Improvement(s) 

are fundamentally sound and In working order. 

Any viewing of the properly by the appraiser was limited to readdy observable areas. Unless olherwise holed, attics and awd Space areas were nol accessed. The appraiser did nol move 

furniture, floor coverings of other tems thal may restrict he viewing of the propenty. 

9. Appraisals involving hypothetical conditions rested to competion of new construction, repalrs or alteration are based an the assumption that such completion, afleration of repairs wit 

be competently performed, 

10. Unless the intended 

use of this appraisal specifically includes issues of property insurance coverage, Ibis appraisal should not be used for such purposes. Reproduction or 

Replacement cos! figures Used i the cost approach ate for valuation purposes ony, given the intended 

use of the assignment. The Defiion of Value used in this assignments not 

consistent with the definition of Markel Value for peoparty insurance coveragefuse unless olhevise stated by the appealser. 

Additional Comments Related To Scope Of Work, Assumptions and Limiting Conditions

Restricted Appraisal Report 

Fie No, d1114camp 

FEATURE 

I 

SUBJECT 

COMPARABLE SALE NO. 4 

COMPARABLE SALE NO. 

COMPARABLE SALE HO. 6 

1114 Camp St. 

1025 Cady Ct. 

814 Mahlon St. 

Address Lansing, MI 48806 

Lansing, 

MI 48306 

Lansing, Mi 48306 

Proximity fo Subfect 

0.12 miles SW 

0.33 miles SE 

Sale Price 

$ 

$ 

33,000 

$ 

45,000 

3 

Sale PricefGross Liv. Area 

[$ 

0.00 sq.8 

[8 

38.55 sq.0i. 

$43.10 sen. 

$ 

sq.ft 

Dala Source(s) 

GLARMLS#:282013 /DOM:54 | GLARMLS#:283812 /DOM:13 

Verification Source(s) 

Assessor 

Assessor 

VALUE ADJUSTMENTS 

DESCRIPTION 

DESCRIPTION 

08 Mtr 

DESCRIPTION 

108 Adarand 

DESCRIPIION 

18 Adrien 

Salo or Financing 

Cash 

Cash 

Concessions 

No Concessions 

No Concessions 

Dale of Saleffime 

09/12/2024 

10/18/2024 

Location 

Suburban, 

Suburban 

Suburban 

Leasehold/Fee Simple __| Fee Simple 

Fee Simple 

Fee Simple 

Site 

33x61 

48.3x143 

40x104 

View 

Resldential 

Residential 

Residential 

Design (Sls) 

Cape Cod 

Bungalow 

2 Story. 

Qualify of Construction __{ Average 

Average 

Average 

Actual Age 

1918 

1805 

1895 

Condition 

Poor 

Falr 

-3,300 | Fair 

-4,500 

Above Grade 

Te: | Bien) 

Bats 

Tia | Bens] 

Bats 

Tod 

[Bas] 

Betts 

Toeed {84 ms) 

Baths 

Room Count 

512 

i 

512 

1 

613 

1 

Q 

Gross Living Area 8.00 

820 sa.f1, 

856 sq. 

-218 

1,044 

so. ft. 

-1,344 

sq.ft 

Basement & Finished 

Full 

Full 

Fult 

Rooms Below Grade 

Unfinished 

Unfinished 

Unfinished 

Funclionat Utifty 

Average 

Average 

Average 

Heating/Cooling 

FWAINAC 

FWAINAC 

FWANAC 

Energy Efficient Items 

None 

None 

None 

Garage/Catport 

No Garage 

No Garage 

No Garage 

Porch/PatiolDeck 

Porch 

Similar 

Similar 

OF/P 

QFIP 

QFP 

Pa] Net Adjustment (Total) 

0: 

- 

Is 

3518] 

(J, 

BJ 

Ts 

5844] 

[J 

[J 

Ts 

bd Adjusted Sale Price 

Netad). 

-10.7% 

NetAd. 

13.0% 

Hel Adj 

% 

£4 of Comparables 

GossAd 

10.7%18 

29,484 

{GossAd. 

13.0% 

(3 

39,156 

Gross Ad 

%13 

4 Summary 

of Safes Comparison Approach

ADDENDUM 

Client: Nathan Wood 

File No: di114camp 

Properdy Address: 1114 Camp St. 

Case No. 

City: Lansing 

State: MI 

Zip: 48906 

Site Comments 

No adverse conditions or encroachments were noted at the time of the inspection. A typical utility easement would not effect 

value of the property. The site has average site improvements, landscaping and typical maintenance. Appraiser can not 

guarantee that property is free of encroachments or easements, and recommends further investigation and survey if 

needed. 

| have not checked the land records for recorded easements and have reportedly apparent easements, 

encroachments and other apparent adverse conditions. 

Surface drainage appeared to be adequate at the date of the appraisal report, however, seasonal variation may occur. The 

appraiser Is not qualified to render any specific opinions regarding drainage. 

Quality and Condition of Property 

The second floor has two bedrooms and a 4pc bath. 

During the inspection of the interior of the home there were several 

areas of broken drywall and peeling plaster from wall and ceilings, odor and animal infestation was very present including 

animal droppings throughout the home. Additionally there are no utilities to the home. 

Comments on Sales Comparison 

These sales are considered to be the best and most representative of the subject in the surrounding area. Gross living area 

is based on the ANSI standard of measurement and the above grade square footage. 

All other adjustments were market 

driven except as noted. 

{ reviewed current active listings, pending sales, and closed sales to compile a group of sales that 

best represent the subjects amenities, quality of construction, and locatlon/market area. The comparables used provide a 

range of viable alternatives to the subject, if one assumed all of the comparables and the subject were currently active on the 

market. The photographs of comparable sales used in this report were not necessarily taken at the time of the appraisal, as 

some archived photos are deemed a better photo based on time of day, angle of photo or individuals located within the 

frame of the photo. Therefore, photos were used a from prior appraisals, MLS records or inspections and may show a 

for-sale sign that had not been removed as of yet, or a change in season. The sales used for the report are the most 

reliable and available to the appraiser. Had there been additional sales that were similar to the subject property, they would 

have bean used in this report, however, this is not the case in the subjects area. 

All comparables were used for size, style, age, location to the subject, and similar settings and surroundings in the area. 

1 

searched a 1/2 mile radius from the subject over the past 12 months. Currently there are 15 active listing, active accepting 

back up offers, or pending sales wilhin the search criteria with a range of $34,000-$139,900 and a median value of $98,880. 

Over the past 12 months there have been 66 sales with a range of $19,000-$185,000 and a medlan value of $98,842. As 

of December 31, 2024 and going back 12 months within a 1/2 mile radius from the subject there were 103 sales with a 

range of $19,000-$195,000 and a median value of $99,526. 

| searched the subjects neighborhood as well as compelitive 

adjoining neighborhoods to the subject from December 31, 2024 and back 12 months for homes in poor condition and 

having similaritiss in age, size, settings and amenities. 

I was able to view interior and exterior pictures of the comparables as well as comments from the Realtor as available to 

make a determination as to the condition and improvements that have been mads to the comparables and how they relate to 

the subject. 

1 made conservative condition adjustments to comparables four and five as they have interior material finishes 

that would be seen by the market as superior to the subject and therefore, a percentage adjuslment was applied based on 

an estimated cost to cure for those items. 

After all adjustments were applied to the comparables, 

| analyzed the comparables to determine a market value for the 

subject. 

In analyzing the comparables 

| calculated the average sales price, the average price per square foot, the average 

adjusted values and the average adjusted price per square foot. The average price of the comparables was $31,200, with 

an average price per square foot of $31.92/sf. The adjusted price of the comparables was $27,907, with an average price 

per square foot of $28.66/sf. After assessing the comparables used in the report, along with the subject, 

| arrived at a 

market value. 

| relied on all comparables in the report when arriving at value and spread weight among all closed sales as they would show 

a range of age, size, settings, amenities and conditions that would be a good indication of market value and what a buyer was 

willing ta pay for 

a like product in the subjects area. 

In my opinion, the subject with its smaller lot and poor condition of the interior and exterior would have a negative effect on 

the overall marketability of the home and therefore, trend the value below the adjusted median value of the comparables 

used and relied upon in the report. 

Extra Comments 

"I have performed no other services, as an appraiser or in any other capacity, regarding the property that 

is the subject of the work under review within the three-year period immediately preceding acceptance 

of this assignment. 

EXPOSURE TIME: 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. The appraiser feels that with the subject priced accordingly in todays market, that 

an average exposure time for the subject would be around 15-90 days.

ADDENDUM 

Client: Nathan Wood 

File No.: dt114camp 

Property Address: 1114 Camp St. 

Case No.: 

City: Lansing 

State: MI 

Zip: 48906 

In Michigan, appraisers are required to be licensed and are regulated by the Department of Licensing 

and Regulatory Affairs, P.O. Box 30018, Lansing, MI. 48909. 

In a sales transaction, I have been furnished a copy of the purchase agreement and am aware of its 

content unless stated to the contrary, and/or any change orders that have been brought to the appraisers 

attention by the builder in the case of new construction. 

Any party other than the named client that relies on this report does so at their own risk. 

The value of items other than real property is zero unless stated differently in the Comments and 

Conditions Section of the Appraisal report. The mortgage collateral in this appraisal is limited to real 

estate. 

Highest and best use conclusions are developed by analyzing and correlation that which is legally 

permissible, physically possible, economically feasible, maximally productive and which produces the 

greatest return. 

This appraisal report is a "Appraisal Report” which is intended to comply with the reporting 

requirements set forth under Standard Rule 2-2(a) of the Uniform Standards of Professional Appraisal 

Practice for an Appraisal Report. As such, it presents only summary discussions of the data, reasoning, 

and analysis that was used in the appraisal process to develop the appraisers opinion of value. 

Supporting documentation that is not provided with the report concerning that data, reasoning, and 

analysis is retained in the appraisers files. The depth of discussion contained in this report is specific to 

the needs of the client and for the intended use stated in the report. The appraiser is not responsible for 

unauthorized use of this report. 

The appraiser reserves the right to inform any future potential client of any prior assignment or service 

regarding the subject property, or any part thereof, in accordance with the provisions required within the 

Ethics Section of USPAP 2024-25. Such notification shall be of the fact of the existence of previous 

assignment or service performed within the prior 36 months and shall not include specifics or details of 

the analysis or the results of any conclusions drawn from such analysis. 

1 certify that to the best of my knowledge and belief, the reported analysis, opinions and conclusions 

were developed and this report has been prepared in conformity with the requirements of the Code of 

Professional Ethics and the Standards of the Professional Appraisal Practice of the Appraisal Institute.

SUBJECT PROPERTY PHOTO ADDENDUM 

Client: 

_Nathan Wood 

File No.: 

_d1114camp 

Properly Address: 

1114 Camp St. 

Case No.: 

City: Lansing 

Slate: MI 

Zip: 48906 

FRONT VIEW OF 

SUBJECT PROPERTY 

Appraised Date: December 31, 2024 

Appraised Value: $ 20,000 

REAR VIEW OF 

SUBJECT PROPERTY 

STREET SCENE

COMPARABLE PROPERTY PHOTO ADDENDUM 

Client: 

Nathan Wood 

File No.. 

_di114camp 

Property Address: 1114 Camp St. 

Case No.; 

City: Lansing 

State: MI 

Zip: 48906 

COMPARABLE SALE #1 

1009 Cady Ct. 

Lansing, Mi 48908 

Sale Dale: 10/07/2024 

Sale Price: $ 19,000 

COMPARABLE SALE #2 

2012 New York Ave. 

Lansing, MI 48906 

Sale Date: 02/21/2024 

Sale Price: $ 22,500 

COMPARABLE SALE #3 

1500 New York Ave, 

Lansing, Mi 48908 

Sale Date: 08/23/2024

COMPARABLE PROPERTY PHOTO ADDENDUM 

Client: 

Nathan Wood 

File No.: 

_d1114camp 

Property Address: 1114 Camp St. 

Case No.: 

City: Lansing 

State: MI 

Zip: 48906 

COMPARABLE SALE #4 

1025 Cady Ct. 

Lansing, MI 48906 

Sale Dale: 09/12/2024 

Sale Price: $ 33,000 

COMPARABLE SALE #5 

814 Mahlon St. 

Lansing, MI 48906 

Sale Dale: 10/18/2024 

Sale Price: $ 45,000 

COMPARABLE SALE #6 

Sale Date:

LOCATION MAP 

Client: 

Nathan Wood 

File No. 

_dt114camp 

Property Address: 1114 Camp St. 

Case No. 

City: Lansing 

State: mi 

Zip: 48906 

i Grate He 

Este Ri 

E State ud 

By 

; 

= 

4] 

5 

range 

a 

< 

% 

Sendo 

5 

% 

KH 

g 

¢ Sheridan Rd 

E Sheridan Rd 

= 

g 

z 

fo 

Cornparable Sale 2 

2012 New York Ave 

Lansing, M1 486058 

ypra 

0.39 ites HW 

3 

& 

¢ 

2 

=z 

Comparable Sala 3 

1500 New Yori ave. 

Langing, AY 42008 

0.31 mites Nw 

[— 

. 

Bancralt Park 

iN 

Subject 

ES 

1114 Camp St. 

El 

Lansing, 4 48908 

Comparable Sala 1 Tisar bE: Chdver Avg 

. 

. 

1809 Cady CY 

Langing. 41 43008 

0.13 miles 3W 

ASPs 

SMAT 

0 

5 $14 Mahlon St 

z 

Comparabie Sais 4 

Lansing. M4808 

z 

1025 Cady Ct 

0.33 mites SE 

2 

Lansing. 

HI 43966 

on 

Ee 

0.12 nites SW 

2 

ES 

. 

ot 

a 

; 

8 

3 

x 

Lansing Cente 

x 

Lansing 

EW listgan Ave 

an Aue 

£ Nios 

Ti 

Hogan Sp 

pwn Fawn 

& 

© 

2 

| 

o 

pS 

EASTSIDE 

by 

Calamaro 5 

0k Kalamazoo St 

E Kalamazoo St 

w 

: 

i 

2 

4 

Comparable Sale § 

Pa HEDIRAT 

cipal 

Fark 

igi We

FLOODMAP 

Client: 

Nathan Wood 

File No.. 

_d1114camp 

Property Address: 1114 Camp St. 

Case No.: 

Clty: Lansing 

State: Mi 

Zip: 48908 

Ri bwans 

pA 

i 

3 

ES 

i 

5 

3 

FS 

* 

x 

ga 

a 

ry Firat 

- 

Z 

tats, 

jg 

Howden te 

hy 

rete 

: 

Z 

fa 

% 

¢ 

voi 

B 

ES EET 

. 

Suuject 

3 

1114 CAMP ST 

Ff opin 

LANSING, MI 4BS06 

: 

ie 

TENS 

rien 

hi 

: 

Fre 

“ 

eg 

CE 

. 

5 

¥ 

H 

H 

; 

[re 

fy 

H 

Es 

£ 

Ee 

: 

Cana 

viva 

i. 

ig shim 

2 

Lansing 

[a 

atin 

2.0% 

SE 

aR 

| 

pe 

> 

i 

H 

¥ Eomsrnan $5 

H 

[i 

FLOOD INFORMATION 

Community: City of Lansing 

Propedy is NOT in 3 FEMA Specist Flood Hazard Ares 

Hap Number: 26065C01310 

Paneth 26065C0131 

Zonzt X 

Raid View:

Clienl: 

Nathan Wood 

Properly Address: 1114 Camp St. 

: 

Cily: Lansing 

State: Mi 

Zip: 48906 

.;d1114camp

Client: 

Nathan Wood 

File No: 

_d1114camp 

Properly Address: 1114 Camp St. 

Case No.: 

City: Lansing 

State: MI 

Zip: 48906

Petroff Appraisals 

File No. d309potter 

# 24-0 

Please 

pd 

+o “As 

August 12, 2025 

Nathan Wood 

5 

5968 Park Lake Rd, Apt-34D- 2 2.G 

East Lansing, MI, 48823 

} 

File Number: 

 d308potter 

In accordance with your request, 

| have appraised the real properly at: 

CEE 

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

The properly rights appraised are the fee simple Interest in the site and improvements. 

In my opinion, the defined value of the property as of 

December 31, 2024 

Is: 

 Thiny-Two ir Dollars 

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

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

Dou 

J. Petroff

SALES HISTORY. 

Restricted Appraisal Report 

File No. d309potter 

Thisreportis bmitedto the sole and exclusive use of the dient. Therationate for how the appraiser arrived at the opinlons and conclusions set forth inthis report may nol be understood propery without additional 

fi informstionintho: 

e's vaorkfile. 

Tha purpose of this appraisal report Is lo provida the dient witha credible opinion of the defined value of the st 

arty, given the intended use of the appraisal. 

ff Clent Nathan Wood 

Emal 

N/A 

[54 Client Address 

5968 Park Lake Rd, Apt 34D 

city East Lansing 

State MI 

Zip 48823 

Intended Use The intended use of the report is to establish a retrospective market value of the residential property for the dispute of the 

assigned property tax. The intended user of the report is Nathan Wood. 

Property Address 

309 E. Potter Ave. 

‘ 

ciy Lansing 

stale MI 

© 7ip 48910 

PR Otrer Description (Pn, LEgal, etc). f applicatte Legal:Lot 

15 Everett:Dale, PP#:33-01-01-33-405-021 

v 

fe 

PA) 

hn 

8 

§ 

8% 

& 

2] Property Righis Appraised 

Fee Simple ® [J Leasehald 

her 

Sdbject property existing use: 

Residential 

Use reflected in appraisal: 

Residential 

Highs and Bes Use; 

Existing 

[Jother; 

Myresearch (X)did - [J did not reveal any prior sales or Iransers of the subject property for the three years prior lo the effective date of his appraisal. 

Pir Sele/Transler. 

Date 11/12/2024 

Price 19,500 

Source(s) Assessor 

ao 

gre history 

of the subject property (and comparable sales, If applicable) 

The prior sale was recorded with the Grantor being the Ingham 

County 

Tre8surer ahd recorded in liber/page 2024-026893. 

Offerings, options and contracts as of the effective date of he appraisal 

None Noted 

Matkelabilty Comments: 

~ Financing was found to be readily available at historically acceptable rates of interest and at terms generally 

acceptable to the buyer. Marketing times are currently in balance and homes are selling with average to good frequency within the 

subjects market area. 

All information is taken from the local board of realtors and local assessors records. Properties in the subjects 

area appear maintained and the subject has services and amenities similar to and or consistent with other competitive properties in the 

subjects surrounding area. 

site Comments: See Attached Addendum 

Improvement Comments: 

~~ The subject is a ranch style home with open parking and a concrete front entry. The interior and exterior of the 

home are in fair condition and feature a living room, kitchen, bedroom and full bath on a crawl foundation. The living room and 

bedroom have no flooring (subfloor only). 

FEATURE 

I 

SUBJECT 

COMPARABLE SALE NO. 

1 

COMPARABLE SALE NO. 2 

COMPARABLE SALE NO. 3 

309 E. Potter Ave. 

220 E. Mason 

St. 

2008 Ray 

St. 

109 E. Mason St. 

Address Lansing, MI 48910 

Lansing, MI 48910 

Lansing, MI 48910 

Lansing, MI 48910 

Proximity to Subject 

0.32 miles NW 

1.56 miles NE 

0.36 miles NW 

Sale Price 

$ 

$ 

39,000 

$ 

31,000 

$ 

46,100 

Sale Price/Gross 

Liv. Area | § 

0.00 sq.n. 

[$ 

47.97 sq.n. 

$53.91 qn 

$ 

8232s 

Dala Source(s) 

GLARMLS#:278366 /DOM:1 

GLARMLS#:284886 /DOM:7 

| GLARMLS#:280884 /DOM:11 

Verification Source(s) 

Assessor 

Assessor 

Assessor 

VALUE ADJUSTMENTS 

DESCRIPTION 

DESCRIPTION 

W)8 Aired 

DESCRIPTION 

0s Mpstment 

DESCRIPTION 

+08 Agstrent 

Sale or Financing 

Cash 

Cash 

Cash 

Concessions 

No Concessions 

No Concessions 

No Concessions 

Date 

of Sale/Time 

02/09/2024 

12/09/2024 

07/16/2024 

Location 

Suburban 

Suburban 

Suburban 

Suburban 

* 

Leaschold/Fee Simple 

| Fee Simple 

Fee Simple 

Fee Simple 

Fee Simple 

Site 

42x161 

92x96 

33x72 

46x130.5 

View 

Residential 

Residential 

Residential 

Residential 

Design (Style) 

Ranch 

Ranch 

Ranch 

Ranch 

Quality 

of Construction 

| Average 

Average 

Average 

Average 

94 Actual Age 

1930 

1922 

1926 

1925 

Condition 

Fair 

Fair 

Fair 

Average 

-4,610 

Abave Grade 

Too |Bams| 

sve 

| vos 

[pars] 

saws 

Tod 

[Bors| 

Bens 

Tou [Byms| 

Bors 

Room Count 

311 

1 

3[1 

1 

5(2 

1 

0]5]2 

1 

0 

Gross Living Area 12,00 

579 sq. 

813 sq.ft 

-2,808 

575 sq. 

48 

560 sq.ft 

228 

={ Basemen & Finished 

Crawl 

Michigan 

-2,000 | Slab 

Michigan 

-2,000 

Rooms Below Grade 

Unfinished 

Unfinished 

Functional Utility 

Average 

Average 

Average 

Average 

Heating/Cooling 

FWA/NAC 

FWA/NAC 

FWANAC 

FWAINAC 

Energy Effient llems 

| None: 

None 

None 

None 

Garage/Carport 

No Garage 

No Garage 

No Garage 

2 Car Garage 

-8,000 

Porch/PatioiDeck 

Porch 

Similar 

Similar 

Similar

Restricted Appraisal Report 

Fie Ho. d309potier 

Melhods andtechnlques employed: [XJ Sales Comparison Approach 

[J costApproach | J income Approach |] Others 

Discussion of methods and techniques employed, including reason for excluding an approach tovalue: 

~~ For the purpose of this report and the intended use, the 

sales comparison approach to value was the only approach considered and would be the most practical way to determine market value 

for the subject in this situation. 

Ie] Reconcitaton comments: ARer an interior and exterior inspection of the subject and reviewing the comparables available in the subjects area, 

1 find the retrospective market value of the subject as of December 31, 2024 to be $32,000. 

Based on the scape of work, assumptlons, limiting conditions and appraiser's certification, my (our) opinion of the defined value of the real property that Is 

the subject of thisreportasof 

December 31, 2024 

whichis the effective date of this appraisal, Is: 

singlepoint § 32,000 

[range s 

10% 

DT oreaterthan 

{J Lessthan 

s 

This appraisal Is mada x “ass,” OJ subject fo completion per plans and specifications on the basis of a hypothelical condition that the improvements have been completed, 

{0 subject to the folowing repairs 

o alterations on the basis of a hypothetical condlion tha the sepals or allerations have been completed 

{3 susject to he follosing 

Appralser's Certification 

The appsalser(s) certifies that, to the best of the appraiser's knowledge 

and beflef: 

1. The stalements of fact contalned in this repr] are true and correc). 

2. The reported analyses, opinions, and conclusions are Emiled only by the reported assumptions and Fmiting conditions and ase the appralser’s persona, impartial, and unblased 

professional analyses, opinions, and conclusions. 

3. Usless otherwise stated, the appraiser has no present 

or prospective interest 

in the property that is the subject of this report and has no personal interest wilh respect 16 the parties 

involved. 

4. The apgealser has no bias with tespect 1 the property that Is the subject 

of this report of la the partes involved with Ihis assignment. 

5. The appraiser's engagement in his assignment was not contingent upon developing of reporting predetermined results. 

&. The appraiser's compensation for completing this assignment is fol conlingent upon the development of reporting of a predetermined value or direction in value that favors the cause of 

the cliest, the amount of the value opinion, the attainment of a stipulaled resull, or the occurrence of a subsequen! event directly related 10 the Intended use of this appralsel. 

Fd 

7. The appraiser's analyses, opinions, and conclusions were developed, and his report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. 

f= 6. Unless ollierwise noted, ihe appraiser has made a personal inspection of the property thal Is the subject of this report, 

9. bless noted, no one provided significant real property appraisal assistance to the appraiser signing this certification. Sigeificant real property appralsal assistance provided by: 

ERTIFICA 

Additional Certifications: 

Type of Value: 

Market Value 

{TJ othervatue: 

Source 

of Defiaion: 

~~ Appraisal Institute 2024-2025 USPAP 

Definition 

of Value: A type of value, stated as an opinion, that presumes the transfer of a property (Le., 

a right of ownership er a bundle of 

such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable 

in an appraisal. 

TYPE AND DEFINITION OF VALUE 

APPRAISER 

CO-APPRAISER 

Signalure: 

Signature: 

Name: Doug 

efroff UY 

Hame: 

Company Name: 

 Petroff Appraisals 

Company Name:

Fie Ho. 4309potier 

Scope of Work, Assumptions and Limiting Conditions 

Scope of work Is defined In tha Uniform Standards of Professional Appraisal Practice as” the type and extent of research and analyses in an assignment.” tn short, scope of 

works what the appralser did and did not do during tho course of the assignment. Itinctudas, but Is not limited to: the exlentto which tha property Is Identified and Inspacted, 

thetype and extent of data researched, the type and extent of analyses applied to arrive at opinions or conclusions. 

‘The scope of thls appraisal and ensuing discusslon inthis report aro specific to the eeds of the clfent and to the Intended use of the report. Thisreport was prepared for the sole 

andexclusive use of the cilentfor the Identified intended use and its se by any ather parties Is prohibited. The appratser Is not responsible 

for unauthorized se of the report, 

The appraisers certification appearing In this appraisal report Is subject to the following conditions and to such other specific conditions as are set forth by th appraiser inthe 

report. All extraordinary assumptions and hypothetical conditions are stated In the report and might have affected the assignment results, 

1, The appraiser assumes 00 responsibilty for matters of a legal nature affecting the properly appraised of tise thereto, nor does the appraise render any opinion as ta the Ue, whichis 

assumed to be good and marketable. The property Is appraised as though under responsible ownership. 

2. Any skelch in this report may shaw approximate dimensions and Is Included only to assist te reader kn visualizing the property. The appralser has made no stavey of the property. 

3. The appralser is nol required to give teslimony or appear in court because of having made the appralsal with reference to the property in question, unless arrangements have been 

previousty made thereto. 

4. Neither all, not any part of the conlent of his report, copy of olher media thereof {including conclusions as lo the property valu, the identity of the appraise, professional designallons, 

or the firm wilh which the appraiser is connected). shall be used for any purposes by anyone but the client and other Intended users as Mentified In [his report, nor sha It be conveyed by 

anyone to the public through advertising, public relations, news, sales, or other media, withoul the writien cansent of (he appraiser. 

5. The appralser wi nol disclose the contents of his appraisal report urdess required by applicable Taw or as specified i the Unifosm Standards of Professional Appraisal Practice. 

&. 

information, estimates, and opinions furnished fo he appraiser, and conlained in the reporl, were obtained from sources considered refiable and bebeved to be true and cored. 

However, ao responsibdity for accuracy of such items furnished to the appralser is assumed by the appraiser. 

7. The appraiser assumes that Inere are 0 hidden of wnapparenl conditions 

of the property, subsod, of strktures, which would render it more of less valuable. The appraiser assumes 

a0 responsiiay for such conditions, of for engineering of testing, which might be required to Giscaver Such factors. This appraisal s nol a home inspection of orvironmental assessment 

of the property and should not be consldered as such. 

8. The appralser specializes in the valuation of real property and is nol a home inspecior, bukking contactor, stscural engineer, or sirdar “expert”, unless ofhervise noted. The appralser 

did nol conduct the tensive type 

of fleld observations of the Kind intended to seek and discaver property defects. The viewing of the property and any improvemenls 

s for purposes of 

developing an opinion of the defined value of Ihe property, given the Intended use of ihis assignment. Statements regarding condition ate based on surface observations only. The 

appraiser claims no special experlise regarding 

issues including, but not limited to: foundation setifement, basement moisture problems, wood desbioying (or other) insects, pest Infestation, 

radon gas, lead based paint, mold or environmental issues. Unless olhenwise Indicated, mechanical systems were not aclivated of tested. 

This appralsat repor] should nol be used to disclose the condition of Lhe property as it relates to the presence/absence of defects. 

The clients invited and encouraged lo employ qualified 

experts toInspect and address arcas 

of concern, If negative conditions 

are discovered, Ihe opinion of value may be affected. 

Unless olherwlse noted, the appralser assumes the components 

that constilute the subject properly improvement(s) 

are fundamentally sound and In working order. 

Any viewing of the property by the appraiser was Eimiled to readity observable areas. Unless otherwise noted, attics and crawd space areas were not accessed. 

The appraiser did not move: 

furniture, lloar coverings or other lems that may restrict the viewing of the property. 

9. Appraisals involving hypothetical conditions related to completion of new construction, repars or alteration ate based on the assuimplion that such completion, alletalion of repairs vil 

be competently performed. 

10. Unless the intended use of this appraisal specifically includes issues of property Insurance coverage, this appraisal should not be used for such purposes. Reproduction of 

Replacement cosl figures used in the cos! approach are for valuation purposes only, given the intended use of Lhe assignment. 

The Definition of Value used in this assignment is not 

consistent wilh ihe definition 

of Market Value for property insurance coverageluse unless othervise slated by the appraiser. 

Additional Comments Related To Scope Of Work, Assumptions and Limiting Conditions

Restricted Appraisal Report 

Fie to. d309potter 

FEATURE 

I 

SUBJECT. 

COMPARABLE SALE HO. 4 

COMPARABLE SALE NO. 5 

COMPARABLE SALE HO. 6 

309 E. Potter Ave. 

3425 Lowcroft Ave. 

331 Astor Ave. 

400 E. Rouse St. 

Address Lansing, 

MI 48910 

Lansing, 

M! 48910 

Lansing, Ml 48910 

Lansing, 

Mi 48910 

Proximity 10 Sublect 

0.83 miles NW 

0.98 miles NW 

0.42 miles NE 

Sale Price. 

$ 

$ 

46,000 

$ 

42,500 

$ 

42,900 

Sale PricelGross Uv. Area 

1% 

0.00 sa. 

{3 

50.33 sq.ft 

$67.89 sgn 

$ 

70.33 sq.t 

Data Source(s) 

3 

: 

GLARMLS#:277073 /DOM:41 

| GLARMLS#:280263 /DOM:2 

| GLARMLS#:284324 /DOM:36 

Verification Source(s) 

Assessor 

Assessor 

Assessor 

VALUE ADUSTMENTS 

DESCRIPTION 

DESCRIPTION 

+8 Adustrest 

DESCRIPTION 

10) 3 

Adhd 

DESCRIPTION 

+1) $ Adjustment 

Sale or Financing 

Conventional 

Cash 

Cash 

Concessions 

No Concessions 

No Concessions 

No Concessions 

Date of SatefTime 

02/01/2024 

05/17/2024 

12/13/2024 

Location 

Suburban 

Suburban 

Suburban 

Suburban 

Leasehol/Fee Simple 

| Fee Simple 

Fee Simple 

Fee Simple 

Fee Simple 

Site 

42x161 

41x124 

44x115.74 

46x243.9 

View 

Residential 

Residential 

Residential 

Residential 

Design (Style) 

Ranch 

Ranch 

Bungalow 

Ranch 

Quality of Construction __{ Average 

Average 

Average 

Average 

Actual Age 

1830 

1837 

1941 

1925 

Condition 

Fair 

Average 

-4,600 | Average 

-4,250 | Averags 

-4,290 

Above Grade 

Tod 

{Bms} 

Bas 

Tew 

[Bamst 

Bas 

Tod 

[Bas] 

Bas 

Tout 

fB3as] 

Bans 

Room Count 

311 

1 

512 

1 

6[2 

1 

01441 

1 

1] 

Gross tidng rea 12.00 

579 sq.0. 

914 sg fi 

-4,020 

626 sq. 

-564 

610 sq. 

-372 

Basemenl & Finished 

Crawl 

Michigan 

-2,000 | Cram 

Michigan 

-2,000 

Rooms Below Grade 

Unfinished 

Unfinished 

Functional Utility 

Average 

Average 

Average 

Average 

Healing/Cooting 

FWAINAC 

FWA/NAC 

FWAINAC 

FWAINAC 

Energy Efficient items. 

None 

None 

None 

None 

Garage/Carport 

No Garage 

No Garage 

No Garage 

No Garage 

PoichPatio/Deck 

Porch 

Similar 

Similar 

Simitar 

OF 

OF/P 

OQ FiP 

QF/P 

Fa Het Adjustment (Total) 

Je 

IX: 

Ts 

10620} 

[Jy 

(XI- 

[s 

4814 

U1 

XI. 

Ts 

6,662 

BS Adjusted Sale Pce 

: 

NelAdj. 

-23.1% 

NetAg, 

-11.3% 

NetAd. 

-15.5% 

£8 of Comparables 

GossAR 

23.1% 

)% 

35,380 

[GussAd. 

11.3%]4 

37,686 | GrossAdi, 

15.5%}¢ 

36,238 

Ly 

tel @ 

[A 

b= 

& 

tel 0 a 

uj 4 

Ey 

“a

ADDENDUM 

Client: Nathan Wood 

File No.: d308polter 

Property Address: 309 £. Polter Ave. 

Case No. 

City: Lansing 

State: ML 

Zp: 48910 

Site Comments 

No adverse conditions or encroachments were noted at the time of the inspection. A typical utility easement would not effect 

value of the property. The site has average site improvements, landscaping and typical maintenance. Appraiser can not 

guarantee that property is free of encroachments or easements, and recommends further investigation and survey if 

needed. 

| have not checked the land records for recorded easements and have reportedly apparent easements, 

encroachments and other apparent adverse conditions. 

Surface drainage appeared to be adequate at the date of the appraisal report, however, seasonal variation may occur. The 

appraiser is not qualified to render any specific opinions regarding drainage. 

Comments on Sales Comparison 

These sales are considered to be the best and most representative of the subject in the surrounding area. Gross living area 

Is based on the ANSI standard of measurement and the above grade square footage. 

All other adjustments were market 

driven except as noted, 

| reviewed current active listings, pending sales, and closed sales to compile a group of sales that 

best represent the subjects amenities, quality of construction, and focation/market area. The comparables used provide a 

range of viable alternatives to the subject, if one assumed alt of the comparables and the subject were currently active on the 

market. The photographs of comparable sales used in this report were not necessarily taken at the time of the appraisal, as 

some archived photos are deemed a better photo based on time of day, angle of photo or individuals located within the 

irame of the photo. Therefore, photos were used a from prior appraisals, MLS records or inspections and may show a 

for-sale sign that had not been removed as of yet, or a change in season. The sales used for the report are the most 

reliable and available to the appraiser. Had there been additional sales that were similar to the subject property, they would 

have been used in this report, however, this is not the case in the subjects area. 

All comparables were used for size, style, age, location to the subject, and similar settings and surroundings in the area. 

| 

searched a 1/2 mife radius from the subject over the past 12 months. Currently there are 12 active listing, active accepting 

back up offers, or pending sales within the search criteria with a range of $41,600-$182,500 and a median value of 

$122,133. Over the past 12 months there have been 57 sales with a range of $42,900-5205,000 and a median value of 

$137,460. As of December 31, 2024 and going back 12 months within a 1/2 mile radius from the subject there were 58 

sales with a range of $39,000-$220,000 and a median value of $128,962. 

1 searched the subjects neighborhood as well as 

competitive adjoining neighborhoods to the subject from December 31, 2024 and back 12 months for homes in fair 

condition and having similarities in age, size, settings and amenities. 

1 was able to view interior and exterior pictures of the comparables as well as comments from the Realtor as available to 

make a determination as to the condition and improvements that have been made to the comparables and how they relate to 

the subject. 

| made conservative condition adjustments to comparables three, four, five and six as they show interior 

material finishes that would be seen by the market as superior to the subject and therefore, a percentage adjustment was 

applied based on an estimated cost to cure for those items. 

After all adjustments were applied to the comparables, 

| analyzed the comparables to determine a market value for the 

subject. in analyzing the comparables 

| calculated the average sales price, the average price per square foot, the average 

adjusted values and the average adjusted price per square foot. The average price of the comparables was $41,250, with 

an average price per square foot of $62.13/sf. The adjusted price of the comparables was $34,377, with an average price 

per square foot of $51.84/sf. After assessing the comparables used in the report, along with the subject, 

arrived at a 

market value. 

1 relied on alt comparables in the report when arriving at value and spread weight among alt closed sales as they would show 

a range of age, size, settings, amenities and conditions that would be a good indication of market value and what a buyer was 

willing to pay for a like product in the subjects area. 

in my opinion, the subject with its fair condition of the interior and exterior as well as its size, would have a negative effect on 

the overall marketability of the home and therefore, rend the value slightly below the adjusted median value of the 

comparables used and relied upon in the report. 

Extra Comments 

"I have performed no other services, as an appraiser or in any other capacity, regarding the property that 

is the subject of the work under review within the three-year period immediately preceding acceptance 

of this assignment. 

EXPOSURE TIME: 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. The appraiser feels that with the subject priced accordingly in todays market, that 

an average exposure time for the subject would be around 15-90 days. 

Certification #2 states that the appraiser performed a "complete visual inspection of the interior and 

exterior of the subject property.” The appraiser viewed the roof from the ground if it was not obstructed 

from view at the time of the inspection. 

The appraiser is not an expert in mechanical systems and is not

ADDENDUM 

Client: Nathan Wood 

File No.: d309patter. 

Property Address: 309 E. Potter Ave. 

Case No.: 

City: Lansing 

State: MI 

Zip: 48910 

content unless stated to the contrary, and/or any change orders that have been brought to the appraisers 

attention by the builder in the case of new construction. 

Any party other than the named client that relies on this report does so at their own risk. 

The value of items other than real property is zero unless stated differently in the Comments and 

Conditions Section of the Appraisal report. The mortgage collateral in this appraisal is limited to real 

estate. 

Highest and best use conclusions are developed by analyzing and correlation that which is legally 

permissible, physically possible, economically feasible, maximally productive and which produces the 

greatest return, 

This appraisal report is a "Appraisal Report" which is intended to comply with the reporting 

requirements set forth under Standard Rule 2-2(a) of the Uniform Standards of Professional Appraisal 

Practice for an Appraisal Report. As such, it presents only summary discussions of the data, reasoning, 

and analysis that was used in the appraisal process to develop the appraisers opinion of value. 

Supporting documentation that is not provided with the report concerning that data, reasoning, and 

analysis is retained in the appraisers files. The depth of discussion contained in this report is specific to 

the needs of the client and for the intended use stated in the report. The appraiser is not responsible for 

unauthorized use of this report. 

The appraiser reserves the right to inform any future potential client of any prior assignment or service 

regarding the subject property, or any part thereof, in accordance with the provisions required within the 

Ethics Section of USPAP 2024-25. Such notification shall be of the fact of the existence of previous 

assignment or service performed within the prior 36 months and shall not include specifics or details of 

the analysis or the results of any conclusions drawn from such analysis. 

I certify that to the best of my knowledge and belief, the reported analysis, opinions and conclusions 

were developed and this report has been prepared in conformity with the requirements of the Code of 

Professional Ethics and the Standards of the Professional Appraisal Practice of the Appraisal Institute.

SUBJECT PROPERTY PHOTO ADDENDUM 

Client: 

Nathan Wood 

File No.: 

_d309potter 

Property Address: 309 E. Potter Ave. 

Case No.: 

Cily: Lansing 

State: MI 

Zip: 48310 

FRONT VIEW OF 

SUBJECT PROPERTY 

Appraised Dale: December 31, 2024 

Appraised Value: $ 32,000 

REARVIEW OF 

SUBJECT PROPERTY 

STREET SCENE

COMPARABLE PROPERTY PHOTO ADDENDUM 

Client: 

Nathan Wood 

File No.: 

_d309potter 

Properly Address: 309 E. Potter Ave. 

Case No.: 

City: Lansing 

State: MI 

Zip: 48910 

COMPARABLE SALE #1 

220 E. Mason St. 

Lansing, MI 48910 

Sale Dale: 02/09/2024 

Sale Price: $ 39,000 

COMPARABLE SALE #2 

2008 Ray St. 

Lansing, MI 48910 

Sale Date: 12/09/2024 

Sale Price: $ 31,000 

COMPARABLE SALE #3 

109 E. Mason St. 

Lansing, MI 48910 

Sale Dale: 07/16/2024

COMPARABLE PROPERTY PHOTO ADDENDUM 

Client: 

Nathan Wood 

File No.: 

_d308potter 

Properly Address: 309 E. Polter Ave. 

Case No. 

Clty: Lansing 

State: M1 

Zip: 48910 

COMPARABLE SALE #4 

3425 Loweroft Ave. 

tansing, Mi 48910 

Sale Date: 02/01/2024 

Sale Price: $ 46,000 

COMPARABLE SALE #5 

331 Astor Ave. 

Lansing, MI 48910 

Sale Date: 05/17/2024 

Sale Price: § 42,600 

COMPARABLE SALE #6 

400 E, Rouse St. 

Lansing, M1 48910 

Sale Date: 12/13/2024

LOCATION MAP 

Client: 

Nathan Wood 

File No.: 

d308potter 

Property Address: 

309 £. Potter Ave, 

Case No. 

City: Lansing 

State: MI 

Zip; 48310 

9g 

iz 

8 

W Shiawass 

= 

E3 

) 

H 

EH 

WESTSIDE: 

NEIGHBORHOOD 

Wasichigan Ave 

| 

15wepn: 

: 

Lansing 

WAleasn Spo 

wT OWN 

WKalarmazon St 

1S INRA 8 

® 

Gg 

SETHE Kalamazoo St 

E tdichigam Ave 

EASTSIDE 

¥y 

2 

“%, 

3 

: 

Ave 

3 

POTTER WALSH 

& 

5 g 

2 

i 

~ 

- 

0 Bi 

sPollar Park Zod 

2 

Comparable Sate 2 

| 

2 

EH) 

2608 Ray St 

i 

2 

Lansing, AE 46910 

g 

2 

1.56 miles NE 

E00 

A 

pi 

on 

x 

] 

5 

| MOORES PARK 

4 

: 

; 

Z 

or 

WM Hope Ave 

: 

5 

E11 Hope Ave’ 

£44 Hope five 

z 

FI 

& 

w 

H 

3 

ES 

Ny 

3 

8 

Comparable Sale 5° 

GREENCROFT 

2 

a 

331 Astor Ave 

PARK 

: 

2 

g 

Lansing, 1) 48910 

: 

5 

4 

0.95 mies NW 

| 

5 

2 

rs 

mn 

& 

@ 

C 

bie 

Sale 

4 

3 

h 

comparable 

Sale 4 

© 

Ea 

cata 

3425 Lowcroft Ave 

FF 

pro 4 ty py ¢: 

Soot 

Lansing, KI 48410 

& 

Lansmo 

HW 42010 

Woods Pak 

0.83 miles NW 

& 

0.42 mites NE 

AR 

. 

SR 

i Holines Rd 

Vi Hotn,~s Ret 

Comparable Sale 3 

7! 

108 E MasonSt 

 ° 

5 

Lanzing. KI 48910 

hd 

HiHawk 

2 

0.36 miles NW 

3 

Ssland Fark 

a 

: OLD EVEh. 

mm 

8 

NEIGHBORH 

Comparable Sate 

1 

E 

Cavanuogh Ref 

E 

HS 

L 

220€ HMason St. 

is 

= 

1 

Subject 

Lansing, MI 45910 

2 

a 

ub 

0.32 

mites NW 

& 

% 

309 E. Potter Ave. 

0.32 

mies 

» 

Lansing, hi 43910 

’ 

7 Jally Rd 

£ Jolly RE 

£ folly Ret 

un

FLOOD MAP 

Client: 

Nathan Wood 

File No.: 

_d308potier 

Properly Address: 309 E. Potter Ave, 

Case No.: 

Cily: Lansing 

State: MI 

Zip: 48810 

Lose gir 

Sestintte Ace 

. 

natin dn 

passing 

Hats 8 

Ercneiag 

| Suotect 

300 

£ POTTER AVE 

LANSING, M1 48910 

it ans 

SEs 

porn 

we 

[EY 

Spin 

prey 

H 

be 

id 

x 

i 

[I 

[FE 

FLOOD INFORMATION 

Community: City of Lansing 

Propaity is NOT in a FEMA Special Flood Hazard Ares 

flap Number: 26065C0133D 

= Yienbirat 

Panel 26065C0133 

fad View 

Zone: X 

oo 

£ ptytis 

@ 

rr

Client: 

Nathan Wood 

File No.: 

d309potter 

Property Address: 309 E. Potter Ave. 

Case No.: 

Cily: Lansing 

State: MI 

Zip: 48910

Client: 

Nathan Wood 

File No. 

d309potter 

Property Address: 309 E. Potter Ave. 

Case No.: 

City: Lansing 

State: Mi 

Zip: 48910

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

i 

. 

LL ANSING 

DIRECTOR 

Rent 2 U, LLC (Nathan L.S. Wood) 

MICHIGAN TAX TRIBUNAL 

Petitioner(s) 

: 

v 

MTT Docket No.__25-33-415 

City of Lansing, MI 

, 

Respondent(s) 

PROOF OF SERVICE 

Nathan I. S. Wood 

states that on 

1-17-26 

he/she 

[Name of person serving/mailing petition] 

[date of service] 

served a copy of the Peoperty Tax Appeal... 

relative to the above-captioned matter upon: 

[Provide name and address of the party/people being served) 

City 

of Lansing, Assess Dept 

124 W. Michigan Ave, 3rd FI. 

Lansing, MI 

98933 

BN 

Nth 

£4 bonf 

[Signature of person who is serving/mailing copy] 

.S. Woo & 

[Print/type name of person serving/mailing copy]

# StoryPoint of East Lansing * 

‘+ Today’ S totivi] 

5S) Bepterhber 2k 

oy 

© 

Get your body 

ovis Dg Frens qN 

fap, el 

aa 

3 

“11:00 AM — "Craft 

“ort 

Unleash ygur cregfiyity; and/make something special. 

& 12:00 PM - R¢siden 

Appreciation Lunc 

B: Our last cookout of the year! Join 

us 

for delicious 

food and community fun.” 

Y 2:30 

PM 

— Wine Dowy 

McAllistér (DR) 

Relax, sip, and enjoy live/enteftaipment. 

vith Billy

TH 

MI 7 

LAns ing;

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