Stewart.pdf

Kyleigh Stewart, Ryan Stewart Petitioners V Township Of Porter Respondent · 26-003748-TT

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RECEIVED

 AE AUG0 4 2026
 . oo Fay MICHIGAN TAX TRIBUNAL
 STATE OF MICHIGAN
GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON i. BROWN, DPA
 GOVERNOR LANSING DIRECTOR

 PROPERTY TAX APPEAL PETITION FORM
 VALUATION / UNCAPPING

 Do not use this form to appeal Classification, Principal Residence Exemption, Qualified Agricultural Exemption, Other
 Exemptions, Special Assessments, or Non-Property tax disputes.

 Pursuant to Tax Tribunal Rule (TTR) 279, you MUST submit a copy of the notice giving rise to the appeal {i.e., Board of
 Review Decision or other notice) with this petition, if applicable. If you do not submit this document, you may be held in
 default.

 Section 1: Petitioner’s Contact Information
 Et Name § w \ n Ml Last NameiCompany Name
 Aun an Yrevg Ste we

 Halim TA {No., Street, P.O. Box or Rural Route)
 178 Lokighere DC,
 City or = wow WTState | ZiP CodeH9065
 _— Number264" gob. 81 19
 Emall Address {do not enter unless you want MTT to send all correspondence via emall)

 Section 2: Petitioner’s Attorney/Authorized Representative’s Contact Information
 First Name Ml. Last Name
 dome = Z.eth
 Firm Name (if paany) Couey Appraisal~ ¢ Company-~
 Mailing Address (No., Street, P.O. Box 7 RurafRoute)’
 51348 35% 5
 City or Town State 2ZiP Code, .
 [EA Paw Mr Heo74
 TelephoneREq”Number psn 240!
 Email Address {do not enter unless you want MTT to send
 ali ¢ rrespondence COvia email) Yooo. ®D AVC wants Townl

 Section 3: Subject Property Information use the multiple parcel form for additional, contiguous parcels.

 How many parcels are you If you are appealing more than one parcel, are they contiguous or adjoining?
 appealing? [J Yes* [J no

 [0] n e +f No, you must file separate appeals for each parcel
 Property AE EN HMEtreet) Lakeshore. DC,
 City orLetadyn CoyntyJan Buren forState pd] Fos 6s

 Taxing Authority (City or Township) Po . Le re Towns y i 8)

8

 STATE OF MICHIGAN
GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA
 GOVERNOR LANSING DIRECTOR

 Section 4: Check which of the following you are appealing (check all that apply)

 IX True Cash and Taxable Value

 3 Taxable Vatue Only (calculation)

 [J Uncapping of Taxable Value

 Section 5: Explain the Reason for this Appeal
 Doughd home on W/as/p0R4 Far § 625,000.
 wes ouey essessed Tw aod, but owes Al
 JOEY understand apget Process’ co ave ape 9
 &
 LR 21086,

 Section 6. Jurisdictional Issues

 Did you protesl the assessment at a Board of Review (BOR)? [4 Yes [Mi] No

 If Yes, check which BOR you attended: [X) March [| July | | December

 If No, please check the applicable reason(s):

 |] Not required to attend

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

 |] Appealing within 35 days of Stale Tax Commission Order

 [} Appealing within 35 days of receipt of Notice of Uncapping
 [1 other

 if you checked “other” above, explain:

 Year(s) under appeal: a le) 2 ¢

«
 STATE OF MICHIGAN
GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA
 GOVERNOR LANSING DIRECTOR

 Section 7: Valuation Information «use te multiple parcel form for additional, contiguous parcels.
 Parcel Number: go- I6=180~ pdl~ ol

 Classification of Property: Real x Personal [J (check one)

 AgricuituraiJ ~~ Commercial (1 Industriat [J] Residential [V4 Timber-Cutover (J Devetopmental [J Utility [J (check one)

 Assessed Value (also known as State Equalized Value) established | Taxable Value established by the Board of Review:
 by the Board of Review: rs 7 [=T) ES 46M, 500
 What do you believe is the fair market value {also known as true cash value)? 4675, 000

 What do you a5 is the Toe aa ({muitiply true cash What do you belisye is the taxable value? {cannot exceed
 value by .5) 2 3 a, assessed value) 3 3 7 4 [¥e) [o)

 Fee Information
 Does the property have a Principal Residence Exemption of al least 60% as of the date of the filing of this petition for all tax years at
 issue?

 | Yes [| No

 i you answered yes to the abave question, you are not required to pay any filing fees.

 If the property does nol have a Principat Residence Exemption of at least 50% as of ihe date of the filing of this petition for ail lax years at
 issue, the filing fee Is based on the greater of the Stale Equalized Value or Taxable Value in dispute. if you are appealing more than one
 parcel, the parcel with the highest State Equalized Value or Taxable Value in dispute will be used to determine your filing fee, plus $26.00
 will be added for each additional parcel being appealed, not to exceed a total filing fee of $1,000.00

 if your property is residential property (see MCL 205.762) and
 the State Equalized Value or Taxable Value in contention is: Fiting Fee is:

 $100,000.00 and under $125.00
 $100,000.01 to $500,000.00 $200.00
 $0ver $600,000.00 $300.00

 if the properly 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 parce), as indicated above.

 if the property is NOT residential property and the State Equalized Value or Taxable Value in dispute 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 Attorneyl/Authorized Representatives Signature: Ca \
 Isl pens { [NS

Form 618, Page 2 /
FOR BOARD OF REVIEW USE ONLY
INSTRUCTIONS:AYIncorporate a copy of this forn\4 ancltne assigned numberen in the BoardSo-fi-)80-cH]-o]of Review minutes.

1. ASSESSED VALUE

 Disposition by Board of Raview. The Board of Review must state thereggonforits.action below... ofp ge ee in Amr
 [] Denied ‘Assessed Value Changed From [eA 106 lw YZ SOs Lb

 Record of vote - Board or three member commitiee of board
 Chairperson: [Yes [| No £5 Member: (MYes [No /otk€Z> Member Yes ] No
 Inftials

 Reason for board action

 If you disagree with the decision of the Board of Reviewlfegarding tentative assessed value, you may appeal that decision by filing a petition with the
 Michigan Tax Tribunal at P.O. Box 30232, Lansing, Ml 48808. Commercial Real, Industrial Real, Developmental Real, Commercial Personal,
 Industrial Personal and Utility Personal Properly may be appealed by May 31. Agricultural Real, Residential Real, Timber-Cutover Real and Agricultura
 Personal Property may be appealed by July 31. The petition must be filed on a Michigan Tax Tribunal form or a form approved by the Michigan Tax
 Tribunal. Michigan Tax Tribunal forms are available at www.michigan.govitaxtrib,
2. TENTATIVE TAXABLE VALUE

 Disposition by on The Board of Review must state the reason for its action below.
 . .
 [] Denied entative Taxable Value Changed From _%/ ZSf 7A & 2 to A VAX Pz] I~.

 Record of vote - Board or three member commitiee of board
 Chairperson: [Yes [No pss: Member: [Zoe [INo pr Member: {Yes [ [No .
 Initials idfs ’ Initials

 If you disagree with the decision of the Board of Review regafding tentative taxable value, you may appeal that decision by filing a petition with the
 Michigan Tax Tribunal at P.O. Box 30232, Lansing, Ml 48809. Commercial Real, Industrial Real, Developmental Real, Commercial Personal,
 Industrial Personal and Utility Personal Property may be appealed by May 31. Agricultural Real, Residential Real, Timber-Culover Real and
 Agricultural Personal Properly may be appealed by July 31. The petition must be filed on a Michigan Tax Tribunal form or a form approved by the
 Michigan Tax Tribunal. Michigan Tax Tribunal forms are available at www.michigan.govitaxtrib.

3. CLASSIFICATION

 Disposition by Board of Review. The Board of Review must state the reason for its action below.
 [IDenied [] Classification Changed From to

 Record of vote - Board or three member committee of board i
 Chairperson:airp Clves [No —ee Member: H [ ] Yes [ |No —ce Mem ber: [ves [ INo —_—ie

 Reason for board action

 If you disagree with the decision of the Board of Review regarding classification, you may appeal by sending Form 2167 to the State Tax Commission
 at P.O. Box 30471, Lansing, Mi 48909 by June 30.

4. QUALIFIED AGRICULTURAL PROPERTY EXEMPTION

 Disposition by Board of Review. The Board of Review must state the reason for its action below.

 [1 Exemption Request Denied [] Exemption percent modified from % to %

 Record of vote - Board or three member committee of board

APPRAISAL OF REAL PROPERTY

Retrospective appraisal with Effective date is 12/31/2025, inspection date is 06/10/2026.

 LOCATED AT

 92778 Lakeshore Dr
 Lawton, MI 49065
 See attached addenda.

 FOR

 Appeal of Property Taxes

 OPINION OF VALUE
 675,000

 AS OF
 12/31/2025

 BY

 James E. Zerbi
 Town & Country Appraisal Company
 51348 35 1/2 Street
 Paw Paw, MI 49079
 269-657-2401
 TownCountryAPC@Yahoo.com

 Form GA2V - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Town & Country Appraisal Company (269) 657-2401
RESIDENTIAL APPRAISAL SUMMARY REPORT FleNo: 06102601
 Property Address: 92778 Lakeshore Dr City: Lawton State: MI Zip Code: 49065
2 County: Van Buren Legal Description: See attached addenda.
2 Assessor's Parcel #: 80-16-180-041-01
= Tax Year. 2025 RE. Taxes: § 15,782.91 Special Assessments: § 0 Borrower (if applicable): Not for lending
 2 | Current Owner of Record: Ryan & Kyleigh Stewart Occupant: DQ Owner [J Tenant [] Vacant | [] Manufactured Housing
 Project Type: [J PUD [J Condominium [] Cooperative [] Other (describe) HOA:$ 0 [J peryear [] per month
 Market Area Name: Gravel Lake Channel Map Reference: 180 Census Tract: 0116.01
 The purpose of this appraisal is to develop an opinion of: [IX] Market Value (as defined), or [_] other type of value (describe)
 This report reflects the following value (if not Current, see comments): [] Current (the Inspection Date is the Effective Date) [X Retrospective [J Prospective
 = Approaches developed for this appraisal: X Sales Comparison Approach [J Cost Approach [J Income Approach (See Reconciliation Comments and Scope of Work)
 g Property Rights Appraised: DX] Fee Simple [7] Leasehold [] Leased Fee [| Other (describe)
 5 Intended Use: Establishing Fair Market Value for property tax appeal.

w
2 Intended User(s) (by name or type): Client, Porter Township, Michigan Tax Tribunal
 Client: Ryan & Kyleigh Stewart Address: 92778 Lakeshore Dr, Lawton, MI 49065
 Appraiser. James E. Zerbi Address: 51348 35 1/2 Street, Paw Paw, MI 49079
 Location: [] Urban OX Suburban [| Rural Predominant One-Unit Housing Present Land Use Change in Land Use
 Built up: BX Over75% []2575% [] Under 25% Occupancy PRICE AGE | One-Unit 70% BO Not Likely
= | Growth rate: [] Rapid X Stable [J Slow BX] Owner $(000) (yrs) [2-4 Unit 0%|[] Likely* [J In Process *
2 Property values: [Increasing ~~ [] Stable [J Declining [J Tenant 145 Low 1 Multi-Unit 0%|*To:
z Demand/supply: [X Shortage [J InBalance [J Over Supply |X) Vacant (05%) | 1.500 High 160 |Comm'l 5%
© | Marketing time: [X] Under 3 Mos. [] 3-6Mos. [] Over6 Mos. |[T] Vacant (>5%) 450 Pred 45 |vacland 25%
i Market Area Boundaries, Description, and Market Conditions (including support for the above characteristics and trends): The Subject is in a suburban
 <| neighborhood on Channel to Gravel Lake, with the neighborhood being waterfront homes on the Channel to Gravel Lake. The larger
= marketing area are homes with water frontage in Porter, Decatur, Hamilton and Paw Paw Townships. On the above one unit house grid and
& present land use, all homes in the larger marketing area are represented. Vacant land includes wetlands, woods and unbuilt residential land.
z Shopping and employment opportunities are found in near by towns within eight to ten mile radius. The school district is Lawton. Sales
= activity has been low in the last twenty four months due to high interest rates. However property values have continued to rise at
=| approximately a rate of 8% annually. Marketability is average. It must be noted that there are potential macro economic uncertainties present
 which may have an effect on values in the coming months. At this point in time, the extent of their possible effect is unknown.

 Dimensions: 150' x 167.846" Site Area: 25 177 sf
 Zoning Classification: Lake Residential Description: ~ Residential use on lake. Minimum lot size
 10,890 sf. Zoning Compliance: Legal [7] Legal nonconforming (grandfathered) [] legal ["] No zoning
 Are CC&Rs applicable? [1] Yes DX No [1] Unknown Have the documents been reviewed? [| Yes [ | No Ground Rent (f applicable) $ /
 Highest & Best Use as improved: ~~ [ Present use, or ~~ [_] Other use (explain)

 Actual Use as of Effective Date: ~~ Water Front Residential Use as appraised in this report: ~~ Water Front Residential
| Summary of Highest & Best Use: Water Front Residential
o
=
= Utilities Public Other ~~ Provider/Description Off-site Improvements Type Public Private | Topography Basically level
| Electricity ® [J Various providers | Street Paved X [OO |sie Slightly larger than typical
2 6as XX [J Various providers | Curb/Gutter None OO [OO [shape Slightly irregular
 =| Water OO XK wel Sidewalk None [0 [OJ [Drainage Both adequate & wet areas
 P| Sanitary Sewer XX [J] municipal Street Lights Dusk to Dawn XO |View Residential - Lake
 StormSewer [] [J] None Alley None OO
 Other site elements: ["] Inside Lot [J Corner Lot Culde Sac [| Underground Utilities |] Other (describe)
 FEMA Spec'| Flood Hazard Area [] Yes [X] No FEMA Flood Zone X FEMA Map # 26159C0475D FEMA Map Date 6/10/2026
 Site Comments: _See attached addendum.

 General Description Exterior Description Foundation Basement IX None Heating
 #ofUnts 1 [J Acc.Unit | Foundation Poured Cmnt | Slab 28 Area Sg. Ft. Type FWA
 #of Stories 1.5 Exterior Walls Vinyl Crawl Space 72 % Finished Fuel Gas
 Type (X Det. [J At. [J Roof Surface Asphalt Shingle [Basement Ceiling
 Design (Style) Trad. 1 1/2 Story Gutters & Dwnspts. Aluminum Sump Pump [7] Walls Cooling
 [X Existing [_] Proposed [] Und.Cons. | Window Type Double Hung Dampness [] Floor Central Yes
| Actual Age (Yrs) 22 Storm/Screens Yes/Yes Settlement None apparent| Outside Entry Other
= Effective Age (Yrs) 20 Infestation None apparent
2 Interior Description Appliances Attic [_]None | Amenities Car Storage [J None
= Floors Vinyl - Laminate - Cpt |Refrigerator ~~ []| Stairs []|Fireplace(s) # 1 Woodstove(s) # 0 Garage #ofcars ( 6 Tot)
walls Drywall Range/Oven [| Drop Stair [J[Patic None Attach. _ 3
2 Trim/Finish ~~ Wood Disposal X| Scuttle Deck None Detach.
1 | Bath Floor Vinyl Dishwasher ~~ [| Doorway [][Porch Lrg.Covered Bit-In
Z| Bath Wainscot Fiberglass Fan/Hood | Floor [J|Fence None Carport
5 Doors 6 panel Microwave ~~ [][Heated [J|Pool None Driveway 3
= Washer/Dryer [][Finished [][Sheds Two (Min.Value) Surface Paved
2 Finished area above grade contains: 7 Rooms 4 Bedrooms 2.1 Bath(s) 3,171 Square Feet of Gross Living Area Above Grade
El Additional features: The Subject has a gas log fireplace, a large covered porch which starts at the front side, wraps around the side and goes
© across the rear. There are two smaller sheds which minimal additional value to the Subject.
£2 Describe the condition of the property (including physical, functional and external obsolescence): The Subject is a traditional one and a half story home on a
9 crawl space and a slab. The home is a Crest Modular Home (not a manufactured home). It was constructed with good quality materials and
 workmanship. The only updates since it was built have been repainting on the interior. It shows wear consistent with a home of its age and is
 considered to be in average condition. Other than mentioned it has no significant physical, functional or external inadequacies that were
 observed by the appraiser. Its marketability should be average.

 Copyright® 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
 RESIDENTIAL Form GPRES2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 3/2007

RESIDENTIAL APPRAISAL SUMMARY REPORT File No. 06102601
 My research (3 did [_] did not reveal any prior sales or transfers of the subject property for the three years priorto the effective date of this appraisal.
 Data Source(s): GKAR MLS
 1st Prior Subject Sale/Transfer Analysis of sale/transfer history and/or any current agreement of sale/listing: The Subject sold on 04/26/2024 for
 Date: 04/26/2024 $625,000, in what research supports as an arms length sale. At that time the Assessor Card shows aHISTORY
 Price: 625,000 SEV of $413,000, which based on the sale price, indicates it was over assessed at that time. In 2025 the
 Source(s): Online assessor card SEV and Taxable value was increased to $459,000. This also is not supported by market research.
 2nd Prior Subject Sale/Transfer Research could not find any sale of the Comps in the last twelve months other than what is shown on
 Date: the sales comparison grid itself.TRANSFER Price:
 Source(s):
 SALES COMPARISON APPROACH TO VALUE (if developed) [_] The Sales Comparison Approach was not developed for this appraisal.
 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
 Address 92778 Lakeshore Dr 83140 Waldron Dr 28756 Cedarama Dr 29418 Cedar Cove Ct
 Lawton, MI 49065 Lawton, MI 49065 Marcellus, MI 49067 Marcellus, MI 49067
 Proximity to Subject 4.61 miles NE 2.30 miles E 1.97 miles E
 Sale Price $ $ 421,000 $ 575,000 $ 770,000
 Sale Price/GLA $ [saft]$ 235.59 /sqft. $ 348.48/saft $ 298.57 /saft
 Data Source(s) Insp. 06/2026 GKARMLS#25028761 DOM 6 GKARMLS#25027107 DOM 2 GKARMLS#25037821 DOM 49
 Verification Source(s) County Records |County Records County Records County Records
 VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +() $ Adjust. DESCRIPTION +(-) § Adjust. DESCRIPTION +(-) $ Adjust.
 Sales or Financing Conventional Cash Cash
 Concessions $5,500; CICst -5,500{None Apparent None Apparent
 Date of Sale/Time ContractDate 06/25 +16,800|ContractDate06/25 +23,000{ContractDate 09/25 +15,400]
 Rights Appraised Fee Simple Fee Simple Fee Simple Fee Simple
 Location Water Front Water Front Water Front Water Front
 Site 25,177 sf 6,708 sf +36,000(18,437 sf +14,000|7,856 sf +34,000|
 View Lake - Residential [Lake - Residential Lake - Residential Lake - Residential
 Design (Style) Trad. 1 1/2 Story [Ranch-W/O 0|Ranch-W/O 0|Trad. 2 Story fo]
 Quality of Construction | Good Good Good Good
 Age 22 30 0[28 0]20 0
 Condition Average Average Average Superior interior -80,000
 Above Grade Total | Bdms| Baths | Total | Bdms| Baths +6,000| Total | Bdms| Baths +3,000 Total | Bdms| Baths -3,000
 Room Count 7 4 21 5 2 20 +1,500| 9 3 1.0 +4500[ 12 | 5 3.0 -1,500
 Gross Living Area 3,171 sqft 1,787 saft| +166,100) 1,650 saft| +182,500) 2,579 sqft +71,000
 Basement & Finished Crawl Space 954sf/850 sf fin -12,000( 1650 sf/1550 sf fin -21,000|Crawl Space
 Rooms Below Grade N/A FmR,1Bd -10,000{FmR,1Bd,1.1Ba -14,000|N/A
 Functional Utility Average Average Average Average
 Heating/Cooling FWA/C-Air FWA/C-Air FWA/C-Air FWA/C-Air
 | Energy Efficient ftems None None None None
 o Garage/Carport 3 Car Garage 4 Car Garage -3,000|2 Car Garage +3,000|2 Car Garage +3,000]
 © | Porch/Patio/Deck Lrg.Cvd Porch Deck, Patio 0| Deck, Patio,3SnRm -20,000|Deck, patio,ScnPc -15,000
 x Amenities Fireplace Fireplace Fireplace Fireplace
 & Amenities 2 sheds None +200[2 sheds None +200
 3 Amenities None None None None
 2 Amenities None None None None
 g Water Frontage 163' ChniGravel Lk |50' Bankson Lake 0[99' Cedar Lake -94,000|50' Cedar Lake -55,000
 = | Net Adjustment (Total) X+ [1-8 196,100] + [J- [8 81000 [J+ X- | -30,900
 3 [Adjusted Sale Price
 | of Comparables $ 617,100) $ 656,000) $ 739,100)
 = Summary of Sales Comparison Approach See attached addenda.
 @n

 Indicated Value by Sales Comparison Approach $ 675,000
(RESIDENTIAL Form Copyright®GPRES?2 2007- "TOTAL"by a la mode,appraisalinc. Thissoftwareform may bybe areproducedla mode, unmodifiedinc. - 1-800-ALAMODEwithout written permission, however, a la mode, inc. must be acknowledged and 3/2007credited.

RESIDENTIAL APPRAISAL SUMMARY REPORT FileNo: 06102601
 COST APPROACH TO VALUE (if developed) IX The Cost Approach was not developed for this appraisal.
 Provide adequate information for replication of the following cost figures and calculations.
 Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value): Land value is arrived at by analysis of
 recent sales of homes on the Gravel Lake Channel. The front foot value, calculated using the land extraction method, is $993 per front foot.
 This gives the Subject a land value of $161,859 rounded to $162,000.

 ESTIMATED _[] REPRODUCTION OR [>] REPLACEMENT COST NEW OPINIONOFSITEVALUE ______________ ___ __ ___ __________ =$ 162,000
 5 [Source of cost data: Marshall and Swift Cost Guide DWELLING SiR @$ =
 = Quality rating from cost service: Good Effective date of cost data: 06/2026 Set. @$ =
 = Comments on Cost Approach (gross living area calculations, depreciation, etc.): Soft @$ =
 | Cost approach is not reliable for older buildings due to changes in Sift @$%
 £5 | consturction materials and market desires for current design styles. Saft @$
 8 Land value is entered.
 Garage/Carport Set. @$ ——
 Total Estimate of Cost-New =
 Less Physical Functional External
 Depreciation =$( )
 Depreciated Cost of Improvements ~~ __________________ =$
 "As-is" Value of Site Improvements ________ =$
 =$
 =$
 Estimated Remaining Economic Life (if required): 30 Years [INDICATED VALUEBY COSTAPPROACH =$ 162,000
[INCOME APPROACH TO VALUE (if developed) DX The Income Approach was not developed for this appraisal.
 = Estimated Monthly Market Rent $ X Gross Rent Multiplier =$ Indicated Value by income Approach
 | Summary of Income Approach (including support for market rent and GRM): Income approach was not included as data is very limited as this market does
2 | not usually have significant numbers of rentals similar to the Subject.
 u
 =
 o
 2

 PROJECT INFORMATION FOR PUDs (if applicable) [_] The Subject is part of a Planned Unit Development.
 Legal Name of Project: ~~ N/A
 a Describe common elements and recreational facilities: N/A
 =
 o.

 Indicated Value by: Sales Comparison Approach$ 675,000 Cost Approach (if developed) $ 162,000 (land) Income Approach (if developed) $
 Final Reconciliation The sales comparison approach is given the most weight. Cost approach does not carry significant weight as it shows land
 value only. Income approach was not included as data is very limited as this market does not usually have significant numbers of rentals
 similar to the Subject. For the Subject the Exposure Time is 20 days and the marketing time is 20 days.

2
o

 g This appraisal is made X] "asis", [] subject to completion per plans and specifications on the basis of a Hypothetical Condition that the improvements have been
 3 completed, [J subject to the following repairs or alterations on the basis of a Hypothetical Condition that the repairs or alterations have been completed, [] subject to
 =|the following required inspection based on the Extraordinary Assumption that the condition or deficiency does not require alteration or repair This is a retrospective
 2 report to be used in an appeal of property taxes. Effective date is 12/31/2025, inspection date is 06/10/2026. Extraordinary assumption is that
= the condition of the Subject on the inspection date is consistant with the condition of the Subject on the effective date.
 This report is also subject to other 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) Opinion of the Market Value (or other specified value type), as defined herein, of the real property that is the subject
 of this report is: $ 675,000 ,as of: 12/31/2025 , which is the effective date of this appraisal.
 If indicated above, this Opinion of Value is subject to Hypothetical Conditions and/or Extraordinary Assumptions included in this report. See attached addenda.

»|A true and complete copy of this report contains _19 pages, including exhibits which are considered an integral part of the report. This appraisal report may not be
= properly understood without reference to the information contained in the complete report.
 Z| Attached Exhibits:
 S| X scope of Work X! Limiting Cond/Certfications Narrative Addendum X! Photograph Addenda OJ Sketch Addendum
2 BX] Map Addenda [1] Additional Sales CJ Gost Addendum J Flood Addendum J Manuf. House Addendum
 <| [J Hypothetical Conditions IX Extraordinary Assumptions [] | O
 Client Contact: Client Name: Ryan & Kyleigh Stewart
 E-Mail: Address: 92778 Lakeshore Dr, Lawton, MI 49065
 APPRAISER SUPERVISORY APPRAISER (if required)
 . or CO-APPRAISER (if applicable)
 £ \
[7] 1 4
0 ”

5 at Supervisory or
| Appraiser Namgi/ James E. Zerbi L Co-Appraiser Name:
= Company: ¥own & Country Appraisal Company Company:
& | Phone: 269-657-2401 Fax: Phone: Fax:
 E-Mail: TownCountryAPC@Yahoo.com E-Mail:
 Date of Report (Signature): ~~ 07/31/2026 Date of Report (Signature):
 License or Certification #: 1204000293 State: MI License or Certification #: State:
 Designation: ~~ Michigan Certified Residential Appraiser (MCRA) Designation:
 Expiration Date of License or Certification: 07/31/2026 Expiration Date of License or Certification:
 Inspection of Subject: X Interior& Exterior [J Exterior Only ~~ [] Nome | Inspection of Subject: [J Interior& Exterior [] Exterior Only ~~ [J None
 Date of Inspection: 06/10/2026 Date of Inspection:

 Copyright® 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
 RESIDENTIAL Form GPRES2- "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 3/2007

Assumptions, Limiting Conditions & Scope of Work FileNo: 06102601
 Property Address: 92778 Lakeshore Dr City: Lawton State: MI Zip Code: 49065
 Client: Ryan & Kyleigh Stewart Address: 92778 Lakeshore Dr, Lawton, MI 49065
 Appraiser. James E. Zerbi Address: 51348 35 1/2 Street, Paw Paw, MI 49079
 STATEMENT OF ASSUMPTIONS & LIMITING CONDITIONS
 - The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The
 appraiser assumes that the title is good and marketable and, therefore, will not 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 to show approximate dimensions of the improvements, and any such
 sketch
 is included 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 available flood maps that are provided by the Federal Emergency Management Agency (or
 other
 data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because
 the appraiser is 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.
 ~ If the cost approach is included in this appraisal, the appraiser has estimated the value of the land in the cost approach at its highest and
 best
 use, and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in
 conjunction
 with any other appraisal and are invalid if they are so 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, needed repairs, depreciation, the
 presence
 of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property, or 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 limited 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 guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any
 such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the
 appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment
 of
 the property.
 - The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she
 considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such
 items
 that were furnished by other parties.
 - The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional
 Appraisal Practice, and any applicable federal, state or local laws.
 - If this 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 other party acquiring this report from
 the
 client does not become a party to the 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 this report unless specifically identified by the client at the time of the
 assignment.
 - The appraiser's written consent and approval must be obtained before this appraisal report can be conveyed by anyone to the public,
 through advertising, public relations, news, sales, or by means of any other media, or by its inclusion in a private or public database.
 - An appraisal of real property is not a ‘home inspection’ and should not be construed as such. As part of the valuation process, the
 appraiser performs a non-invasive visual inventory that is not intended to reveal defects or detrimental conditions that are not readily
 apparent. The presence
 of such conditions or defects could adversely affect the appraiser's opinion of value. Clients with concerns about such potential negative
 factors
 are encouraged to engage the appropriate type of expert to investigate.

 The Scope of Work is the type and extent of research and analyses performed in an appraisal assignment that is required to produce 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 this report, regardless of how acquired, by any party or for any use, other than those specified in this report
 by
 the Appraiser, is prohibited. The Opinion of Value that is the conclusion of this report is credible only within the context of the Scope of
 Work, Effective Date, the Date of Report, the Intended User(s), the Intended Use, the stated Assumptions and Limiting Conditions, any
 Hypothetical Conditions and/or Extraordinary Assumptions, and the Type of Value, as defined herein. The appraiser, appraisal firm, and
 related parties assume no obligation, liability, or accountability, and will not be responsible for any unauthorized use of this report or its
 conclusions.

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

 R ESI D E NTI AL Copyright® 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
 Form GPRES2AD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 3/2007

Certifications FileNo: 06102601
 Property Address: 92778 Lakeshore Dr City: Lawton State: MI Zip Code: 49065
 Client: Ryan & Kyleigh Stewart Address: 92778 Lakeshore Dr, Lawton, MI 49065
 Appraiser. James E. Zerbi Address: 51348 35 1/2 Street, Paw Paw, MI 49079
 APPRAISER'S CERTIFICATION
 | certify that, to the best of my knowledge and belief:
 - The statements of fact contained in this report are true and correct.
 ~ The credibility of this report, for the stated use by the stated user(s), of the reported analyses, opinions, and conclusions are limited only
 by
 the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and
 conclusions.
 - I have 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.
 - I have no bias with 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 reporting predetermined results.
 - My compensation for completing this assignment is not contingent upon the 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 result, 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 Appraisal Practice that were in effect at the time this report was prepared.
 - | 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 owners 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:

 DEFINITION OF MARKET VALUE *:
 Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite
 to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.
 Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions
 whereby:
 1. Buyer and seller are typically motivated;
 2. Both parties are well informed or well advised and acting in what they consider their own best interests;
 3. A reasonable 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 arrangements 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 associated with the sale.
 * This definition is from regulations published by federal regulatory agencies pursuant to 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 Thrift Supervision (OTS), and tl
 Client Contact: Client Name: Ryan & Kyleigh Stewart
 E-Mail: Address: 92778 Lakeshore Dr, Lawton, MI 49065
 APPRAISER SUPERVISORY APPRAISER (if required)
 or CO-APPRAISER (if applicable)

 \ » WE ‘ Dds
 ul i - )
 =) Supervisory or
 | Appraiser Nam¢/ James E. Zerbi Co-Appraiser Name:
 5 Company: ¥own & Country Appraisal Company Company:
 | Phone: 269-657-2401 Fax: Phone: Fax:
 E-Mail: TownCountryAPC@Yahoo.com E-Mail:
 Date Report Signed: 07/31/2026 Date Report Signed:
 License or Certification #: 1204000293 State: MI License or Certification #: State:
 Designation: ~~ Michigan Certified Residential Appraiser (MCRA) Designation:
 Expiration Date of License or Certification: 07/31/2026 Expiration Date of License or Certification:
 Inspection of Subject: Interior & Exterior [J Exterior Only ~~ [J Nome | Inspection of Subject: [J Interior& Exterior [] Exterior Only ~~ [J None
 Date of Inspection: 06/10/2026 Date of Inspection:

 R ESI DENTI AL Copyright® 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
 Form GPRES2AD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 3/2007

Supplemental Addendum File No. 06102601
Client Ryan & Kyleigh Stewart
Property Address ©2778 Lakeshore Dr
City Lawton Coutty Van Buren State mt Zip Code 49065
Lender/Client Appeal of Property Taxes

 Notes to users of this report

 This is a retrospective report to be used in an appeal of property taxes. Effective date is 12/31/2025, inspection date is
 06/10/2026. Extraordinary assumption is that the condition of the Subject on the inspection date is consistent with the condition
 of the Subject on the effective date.

 The client of this report is Ryan & Kyleigh Stewart . Additional users are Porter Township. State of Michigan Tax Tribunal.

 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 a property tax appeal proceeding, 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. Use of this report for any other purpose other then what is stated above is an unauthorized use of this report.

 For all uses this report is also governed by USPAP regulations. This report can not be used for lending purposes as that is a
 violation of both FIRREA and USPAP.

 | have no current or prospective interest in the subject property or the parties involved; and no services were performed by the
 appraiser within the 3 year period immediately preceding acceptance of this assignment, as an appraiser or in any capacity,
 unless they are noted in within this report.

 | certify, as the appraiser, that | have completed all aspects of this valuation, including reconciling my opinion of value, free of
 influence from the client, client's representatives or any other party to the transaction.

 Conditions of the Report

 Data and information is used in preparing this report is obtained from third party sources (such as but not limited to, MLS,
 County and Township Records). There is an extraordinary assumption made that this data and information is reasonably
 accurate. It is beyond the capabilities of the appraiser to specifically verify all such data and information. It is a customary and
 usual practice for other appraiser's in this market to also rely on this data and information. This report thus reflects usual
 business practices found in appraisal firms in this market. Please note that the home was measured per ANSI Standards.

 The Income and Cost Approaches were considered in preparing this report. Upon such consideration, they were felt to be a
 misleading approaches to value for this report and were not done.

 Digital photos are used in this report. None of the digital photos in this report were altered in any manner to either enhance or
 detract or fo in any way misrepresent the Subject.

 The appraiser has made a routine visual inspection of the site as well as the exterior of the improvements and has attempted to
 describe them in the attached appraisal. However, the property has not been inspected in the full sense.

 The appraiser is not an expert in construction, structural integrity, or electrical, plumbing, heating or other mechanical or
 electronic systems. The appraiser has accessed the attic or any part of a craw! space or basement which may exist as part of
 the Subject's improvements.

 The appraiser is not an expert in the identification of environmental factors pertaining to radon gas, mold, lead based paints,
 asbestos, urea formaldehyde insulation, septic systems, wells, soil and ground water contamination, or infestation by wood
 destroying and other insects.

 The appraiser’s routine visual inspection and inquiries about the property did not reveal any detrimental environmental
 conditions unless otherwise stated in this report.

 Surface drainage appeared to be adequate on the day of inspection. Evaluation of subsurface drainage requires expertise
 beyond the training of this appraiser.

 Site observations were made without the benefit of a current boundary or location survey. The determination of flood hazard is
 based on the appraiser's visual observation. However, due to the lack of good reference points on the flood maps, such a
 determination can only be estimated. The appraiser's visual assessments could be invalidated by a survey from a licensed
 surveyor.

 Ownership, tax information and legal description were obtained from Public Records and/or information supplied by the client. It
 is deemed reliable, however, its accuracy is not guaranteed.

 Zoning compliance has been researched only in the most general sense. It is beyond the expertise of the appraiser to research
 all the numerous aspects of local zoning regulations and the Subject's compliance or non-compliance with them. While general
 compliance is assumed, it cannot be guaranteed.

 You may wish to have these matters addressed by the appropriate experts. It is possible that tests and inspections made by
 qualified experts could reveal the existence of hazardous substances, detrimental environmental conditions, or unacceptable
 physical inadequacies which may negatively impact value and marketability.

 This is to certify that the electronic signature at the end of this form and located at the line designated as Signature, is a true
 electronic duplication of my, James E. Zerbi, original signature.

 Appraisers are required to be licensed and are regulated by the Department of Licensing and Regulatory Affairs, P.0O.Box
 30018, Lansing, Michigan 48909.

 Form TADD - “TOTAL appraisal software by ala mode, inc. - 1-800-ALAMODE

Supplemental Addendum File No. 06102601
 Client Ryan & Kyleigh Stewart
Property Address 92778 Lakeshore Dr
City Lawton County Van Buren State MI ZipCode 49065
 Lender/Client Appeal of Property Taxes

 » GP Residential: Subject - Legal Description
 675-A50 31-4-13 564-319 769-25 1765-527 1765-529 *** LOTS 50,51,52 & 53. BLOCK 1 SANDY BEACH. *™* COMBINATION
 OF 80-16-180-041-00, 80-16-180-042-00 AND 80-16-180-043-00 ON 17 FEBRUARY 2003 FOR 2003.

 » GP Residential: Site - Adverse Conditions or External Factors
 Lot/parcel is typical for area . There were no significant adverse easements or encroachments noted. The Subject is an
 irregularly shaped parcel approximately 25,177 sf with approximately 163' (according to County records). Conditions relating to
 flood risk and hazard are reported from available FEMA data. Note the appraiser is not an expert on determining flood risk, flood
 hazard or reading flood maps. Clients need to perform their own due diligence on these matters.

 Subject uses a well. An extraordinary assumption is made that it is in at least adequate condition. The appraiser is not an expert
 on evaluating wells. The use of wells is common in this neighborhood and is accepted by the market. Public water is not
 available to the homes on the Subject street. There is no matched pair evidence that this effects sale price or marketability.

 The appraiser is not a lawyer and has no formal training in the analysis of Titles. It is beyond the appraiser's expertise to
 definitively comment on any aspects of a Title to land. If the Title is a concern to the lender, they should engage the services of
 a lawyer who has expertise in this area.

 + GP Residential: Sales Comparison Analysis - Summary of Sales Comparison Approach
 A Comp is a closed sale (or a listing), of which a hypothetical buyer would reasonably substitute for the Subject, had they been
 desiring to purchase the Subject, but were unable to do so. In a densely populated area, the location, size of land, age, square
 footage, design, room count, functional utility and various amenities would match up closely. In areas with smaller populations
 or where sales are few in number, differences in these aspects will show up in the Comps selected. The fewer the number of
 available sales, usually the more and greater the differences are that will show up on the market comparison grid. With a small
 selection of Comps, this will often mean percentage adjustments on the market comparison grid that can exceed 10% on a line,
 15% net and 25% gross.

 There are few closed sales in the Subject neighborhood. Those closed sales displayed a great diversity of square footage sizes,
 land size and ages. The Comps selected were those that in the appraisers judgment were most like the Subject. Given the
 available choices of closed sales, it was not possible to bracket the square footage, site size or water frontage of the Subject.
 Some of the Comps are outside of the defined neighborhood and were in the larger marketing area, as they were more simitar
 to the Subject then closed sales which were actually in the neighborhood. All Comps and the Subject are located in Porter
 Township, Van Buren County.

 Major adjustments include: seller contribution, time of contract, non lake front land value, condition, room count, square footage,
 basement size, garages, the value of amenities and the value that the market holds for the various water frontages. Water
 frontage varies from lake to lake based on perceptions held by the market as to the overall appeal of the body of water which a
 home is built upon. Therefore a home on water which has less frontage than a home on a different body of water, may have a
 higher per front foot value due fo these market perceptions. All Comps were on lakes (not a channel) which the market
 perceived as being superior the channel frontage of the Subject. Comp 1's smaller amount of frontage, the market perceived to
 be equal in value to the Subject's much larger channel frontage, which Comp's 2 & 3 are on a lake which the market perceives
 to be superior to either the Subject channel and the lake which Comp 1 is located.

 The lack of sales of homes that could be considered to be comparable to the Subject within one mile made the use of Comps
 located over one mile away necessary. Likewise the similar lack of sales made it necessary to use Comps which had greater
 than a 25% difference in square footage. The Subject's neighborhood, township and county are all considered to be lightly
 populated, so Comps are few and often further way from and more different from the Subject than would be desirable. This is in
 contrast with an " populated market" which would generate Comps closer that had more conformity with the Subject.

 All Comps are given similar but not averaged weight in the opinion of value.

 Form TADD - "TOTAL" appraisal software hy a la mode, inc. - 1-800-ALAMODE

Subject Photo Page

Client Ryan & Kyleigh Stewart
Property Address 92778 Lakeshore Dr
City Lawton County Van Buren State MI Zip Code 49065
Lender/Client Appeal of Property Taxes

 Subject Front
 92778 Lakeshore Dr
 Sales Price
 Gross Living Area 3,171
 Total Rooms 7
 Total Bedrooms 4
 Total Bathrooms ~~ 2.1
 Location Water Front
 View Lake - Residential
 Site 25,177 sf
 Quality Good
 Age 22

 Subject Rear

 Subject Street

 Form PIC3X5.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Photograph Addendum

Client Ryan & Kyleigh Stewart
Property Address 92778 Lakeshore Dr
City Lawton County Van Buren State MI Zip Code 49065
Lender/Client Appeal of Property Taxes

 Street opposite direction A side view

 A side view A side view

 Interior of three car garage Shed - adds minimal value to Subject

 Form PICSIX2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Photograph Addendum

Client Ryan & Kyleigh Stewart
Property Address 92778 Lakeshore Dr
City Lawton County Van Buren State MI Zip Code 49065
Lender/Client Appeal of Property Taxes

 Shed - adds minimal value to Subject View of water frontage on channel

 Front foyer

 Dining area Living room

 Form PICSIX2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Photograph Addendum

Client Ryan & Kyleigh Stewart
Property Address 92778 Lakeshore Dr
City Lawton County Van Buren State MI Zip Code 49065
Lender/Client Appeal of Property Taxes

 Half bath Laundry room

 Primary Bedroom Primary bathroom

 Walk in closet in primary bedroom Family Room

 Form PICSIX2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Photograph Addendum

Client Ryan & Kyleigh Stewart
Property Address 92778 Lakeshore Dr
City Lawton County Van Buren State MI Zip Code 49065
Lender/Client Appeal of Property Taxes

 Atrium over front foyer. It is 9.5’ x 9.9’ and Bathroom second floor
 is not included in the square footage of the
 Subject.

 Bedroom second floor Bedroom second floor

 Bedroom second floor

 Form PICSIX2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

BUILDING AREA ADDENDUM

 Borrower Not for lending File No.
 Property Address 92778 Lakeshore Dr
 Cty Lawton County Van Buren State MI Zip Code 49065
| Lender Appeal of Property Taxes

 Gross Living Area (GLA) 3,171S.F.

 Gross Building Area (GBA) 4221S F.

 Areas Square Footage

 Basement st. % of GBA
 Level t 2437 sf 8% of GBA
 Level 2 734 sf 17% of GBA
 Level 3 st. % of GBA
 Garage 1,050 sf 5% of GBA
 Other sf. % of GBA

 Area Dimensions Type of Area Level

 Measurements Factor Area Living Bsmnt Garage Other One Two Three
 28.10 X __62.80 1.00 1 1765 | X |
 24.00 X 28.00 1.00 J| 672

 A
 26.80 X 30.90 1.00 828
 9.50 X 9.90 1.00 AO| -94 <
 26.00 X 40.40 1.00 NO 1,050

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 Form CLC2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Plat map from Van Buren County Website - consult a surveyor for exact dimensions.

JKEVIN[D]SY
KRIS TINE

 Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Plat map from State of Michigan Website - consult a surveyor for exact dimensions.

 Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Comparable Sales Map

Client Ryan & Kyleigh Stewart
Property Address 92778 Lakeshore Dr
City Lawton County Van Buren State MI Zip Code 49065
Lender/Client Appeal of Property Taxes

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 [Tre veacer im reat estate tecmoingy pie |

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 Por a COMPARABLE No. 1

 83140 Waldron Dr
 SUBJECT Lawton, MI 49065
 4.61 miles NE fl 92778 Lakeshore Dr
 Lawton, MI 49065

 Pleasant Valley i Ub

 COMPARABLE No. 2 SE AR TT
 28756 Cedarama Dr or
 Marcellus, MI 49067 1
 2.30 miles E

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 Edwards Corners
 es pid +
 COMPARABLE No. 3

 29418 Cedar Cove Ct
 Marcellus, MI 49067
 1.97 miles E

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 Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Comparable Photo Page - MLS Photos

Client Ryan & Kyleigh Stewart
Property Address 92778 Lakeshore Dr
City Lawton County Van Buren State MI Zip Code 49065
Lender/Client Appeal of Property Taxes

 Comparable 1
 83140 Waldron Dr
 Prox.to Subject ~~ 4.61 miles NE
 Sale Price 421,000
 Gross Living Area 1,787
 Total Rooms 5
 Total Bedrooms 2
 Total Bathrooms ~~ 2.0
 Location Water Front
 View Lake - Residential
 Site 6,708 sf
 Quality Good
 Age 30

 Comparable 2
 28756 Cedarama Dr
 Prox. to Subject 2.30 miles E
 Sale Price 575,000
 Gross Living Area 1,650
 Total Rooms 9
 Total Bedrooms 3
 Total Bathrooms ~~ 1.0
 Location Water Front
 View Lake - Residential
 Site 18,437 sf
 Quality Good
 Age 28

 Comparable 3

 29418 Cedar Cove Ct
 Prox. to Subject 1.97 miles E
 Sale Price 770,000
 Gross Living Area 2,579
 Total Rooms 12
 Total Bedrooms 5
 Total Bathrooms ~~ 3.0
 Location Water Front
 View Lake - Residential
 Site 7,856 sf
 Quality Good
 Age 20

 Form PIC3X5.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

GRETCHEN WHITMER
 COTTA STATE OF MICHIGAN R027826
 DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS

 BUREAU OF PROFESSIONAL LICENSING

 CERTIFIED RESIDENTIAL REAL ESTATE APPRAISER LICENSE

JAMES E ZERBI

 LICENSE NO- EXPIRATION DATE
 1204000293 07/31/202k 24199040701

 Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

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