Vazquez.pdf

Gene A Vasquez Petitioner V Township Of Gerrish Respondent · 26-002441-TT

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RECEIVED 

MAY 1 5 2026 

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 

First Name 

Mm. 

Last Name/Company Name 

Gene 

A. 

Vasquez 

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

7805 Lang st. 

City or Town 

State 

ZIP Code 

Roscommon 

Mi 

48653 

Telephone Number 269.599.4994 

Email Address {do not enter uniess you want MTT to send all correspondence via email) 

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

1} 

First Name 

M.L 

Last Name 

N/A 

Firm Name (if any) 

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

City or Town 

State 

ZIP Code 

Telephone Number 

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

Section 3: Subject Property Information *use the muttipte 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? 

1 vest 

[1] nom 

**if No, you must file separate appeals for each parcel 

Property Address {No., Street) 

7805 Lang st. 

City or Town 

County 

. 

State 

ZIP Code

LT, 

ey; 

be 

Urn 

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 ali that apply) 

True Cash and Taxable Value 

{1 Taxable Vaiue Only (calculation) 

] Uncapping of Taxable Value 

Section 5: Explain the Reason for this Appeal 

We purchased this home May 13, 2025, through the open market, with a realtor. 

The bank appraisal is less than the assessed value. 

The current market value based on the banks' appraisal- using local comparisons 

Reflect: 

The cash value $279,000. 

The assessed value at $135,300. 

The taxable value at $135,300. 

Section 6. Jurisdictional Issues 

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

Yes 

[No 

i 

Yes, check which BOR you attended: 

March 

[ll] July 

O December 

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

[7] 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 State Tax Commission Order 

0 Appealing within 35 days of receipt of Notice of Uncapping 

Other 

if you checked “other” above, explain:

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

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

Parcel Number: 72-004-135-009-0000 

Classification of Property: 

Real [1 

Personal [] (check one) 

Agricultural] 

Commercial 

{1 

Industrial J 

Residential 4 

 Timber-Cutover [1 

Developmental 

J 

Utility 

[J (check one) 

Assessed Vatue (also known as State Equalized Value) established | Taxable Value established by the Board of Review: 

by the Board of Review: $1 76,500. 

$176,500. 

What do you believe is the fair market value (also known as true cash value)? 

$270,000. 

What do you believe is the assessed value? (multiply true cash 

What do you believe is the taxable value? (cannot exceed 

value by .5) 

$135,300. 

assessed value) $135,300 

Fee Information 

Does the property have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition for all tax years at 

issue? 

Yes 

] No 

# you answered yes to the above question, you are not required to pay any filing fees. 

i the property does not have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition for all tax years at 

issue, the filing fee is based on the greater of the State Equalized Value or Taxable Value in dispute. 

If you are appealing more than one 

parcel, the parcei with the highest State Equalized Value or Taxable Value in dispute will be used to determine your fiting fee, plus $25.00 

will be added for each additional parce! 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: 

Filing Fee is: 

$100,000.00 and under 

$126.00 

$100,000.01 to $500,000.00 

$200.00 

$Over $500,000.00 

$300.00 

if the property is 

NOT residential property {see MCL 206.762) and 

the State Equalized Value or Taxable Value in contention is: 

Fifing Fee is: 

$100,000.00 and under 

$250,00 

* Plus $25.00 for each additional parcel, 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 Clatms. Therefore, an Entire Tribunal petition must be filed. 

Signature *required 

Petitionenar Attorney/Authorized Representative’s Signature: 

ZONA 

eA 

¥ 

Isl

—y 

2026 BOARD OF REVIEW DECISION 

03/23/2026 

01:35 

PM 

FROM 

GERRISH TOWNSHIP 

2997 E HIGGINS LAKE DR 

ROSCOMMON, MI 48653-7718 

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

PROPERTY IDENTIFICATION: (Parcel Code required. Property address 

and legal description optionat.): 

004-135-009-0000 

7805 LANG STREET 

VASQUEZ MICHELLE & VAZQUEZ 

GENE 

3226 BLUEBIRD LN 

1-936 P-1186 (L-654 P-591-92) 243 LOT 9 BIRCH HILL 

COLOMA, MI 49038-8962 

ESTATES 

THIS PROPERTY IS CLASSIFIED 

401 (RESIDENTIAL-IMPROVED) 

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

to compute your assessment and taxable value. 

The Board has completed their review of parcel number 004-135-009-0000 

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

Board of Review Comments 

ASSESSED AND TAXABLE VALUES DETERMINED TO BE ACCURATE 

[2026 ORIGINAL ASSESSED VALUE 

176,500 

J 

[2026 

"BOARD OF REVIEW" ASSESSED VALUE 

176,500 

] 

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

2026 

ORIGINAL TAXABLE VALUE 

176,500 

2026 

"BOARD OF REVIEW" TAXABLE VALUE 

176,500 

| 

2026 PRINCIPAL RESIDENCE EXEMPTION/QUALIFIED AG 

0.0000 

Please feel free to contact the assessor at the address listed above or call if you have any questions. 

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

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

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

htm]

2026-203 

Michigan Depariment of Treasury 

618 (Rav, 11-12) 

Petition to Board of Review 

L-4035 

This form Is issued under the authorily of P.A, 206 of 1893, as amended, Filing is voluntary, however you may not appeal to lhs Michigan Tax Tribunal 

or the State Tax Commission unless you first protest to the Board of Review. 

TO BE COMPLETED BY OWNER OR OWNER'S AGENT 

Owner's Name (Please Print or Type) 

Petitioner's Name 

(If Other than Owner. Please Print or Type) 

Creme 

+ Mathelle 

Nasquee. 

Mielte 

Vasquez 

Township or Clly 

. 

Counly 

(exrish 

osSeommon 

The undersigned protests the assessed value and/or the tentative taxable value andlor the property classification and/or the qualified 

agricultural property exemption of the following described property: 

“ 

Propaily ldentifled (Parcel code raqulred: Properly address & lsgal desoripioh aptional) 

+ 

19-004 135-00Q- 0000 

Protested Item 

Assessed Value 

XM Tentative Taxable Value 

O Classification 

[| Qualified Agricultural 

1. PROTEST OF ASSESSMENT 

Property Exempfion 

{Complete thls section for a protest of assessed value andfor tentallve taxable value) 

. 

Assessed Amount 

WN 

Owner's Estimate of True Cash Valua 

Tentallve Taxable Value 

Year 

BE, 500 

|e, 130.000 

Us, ono 

20 

lo 

2. PROTEST OF CLASSIFICATION 

(Complete this section for a request to change the classification, ‘The Board of Review must make thelr decision regarding classification In 

accordance with Section 211.34¢ of the Michigan Compiled Laws, The Board of Review shall not be Influenced by the effect that a pariicular 

classification has on that properiy's stalis as a homeowner's principal residence or qualified agricultural property.) 

Classification of property 

on this ysar’s assessment roll 

Classiflcallon should be {check ona of the following): 

[1 Agricultural 

Nl Industrial 

[J Timber Cutover 

[7] utility (Personal Property Only) 

[J commercial 

I] Residential 

1 Developmental 

3. PROTEST OF EXEMPTION FOR QUALIFIED AGRICULTURAL PROPERTY 

(If the assessor has denied or changed the percentage of the exemption from the 18 mills of local schoal operating tax for qualified agricultural 

property, the ownar may appeal this action to the March Board of Review. THE BOARD OF REVIEW HAS NO AUTHORITY TO CONSIDER OR ACT 

UPON THE EXEMPTION FROM THE 18 SCHOOL OPERATING MILLS FOR HOMEOWNER'S PRINCIPAL RESIDENCE PROPERTIES.) 

Parcen! qualified agriculiural exemplion granted by assessor {Enter 0 If exemption 

Parcent qualified agricultural exemplion requested by owner (Enter 100 If full 

dented) 

exemption requested) 

4. REASON FOR PROTEST 

State reason(s) for protest of assessed value and/or the {entative taxable value andlor classification findlor qualified agricultural properly exemption 

Lov, whndows, Chines. fl wd 

oes 

Frames 658 oacls 

Estate Sale~Nocant 

For Heb yeaess 

Polled" OFF Framing” ob 

3)

Form 618, Page 2 

FOR BOARD OF REVIEW USE ONLY 

INSTRUCTIONS: Incorporate a copy of this form and the assigned number in the Board of Review minutes, 

Patiton Number 

Parcsl Code 

262003 

F206] ~ 135° - 009 ~6oun 

1. ASSESSED VALUE 

Dispogltion by Board of Review. The Board of Review must So pe seasen forts selon balou 

Denled 

[| Assessed Value Changed From 

to] 

Record of vote ~ Board or thres member commities, AR 

Chairperson; BX Ves [Ino 

v A 

MemberZ] Yes Ine 7bs 

Member: 

es [Ino 4s 

Reason for board action 

ContiT A oF PROPERTY NOT VAL 

D REASON FOR 

if Joey PARLIN 

I 

/ AEHE 

BER 

CTY TES Bie teams. 

by fling a petition with the 

Michigan Tax Tribunal at P,O. Box 30232, Lansing, MI 48909. Commercial Real, Industrial Real, Developmental Real, Commercial Personal, 

Industrial Personal and Utilily Personal Property may be appealed by May 81. Agricullural Real, Residential Real, Timber-Cutover Real and Agricultura) 

Personal Propetty may be appealed by July 31. The petition must be filed an a Michigan Tax Tribunal form or a form approvad by the Michigan Tax 

Tribunal, Michigan Tax Tribunal forms are avaliable at www.michigan.govitaxlib, 

2, TENTATIVE TAXABLE VALUE 

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

hd Denied 

[| Tentative Taxable Value Changed From 

to 

Record of vote - Board or three member commilles of board 

Chairperson: [¥ Yes []No Op, 

Member: 

MY] Yes 

[] a 

Member: [5d Yes [] No bes 

als 

Initials 

Initials 

Reason for board action 

PROPERTY 

Un én PPREa. 

. 

If you disagree with the declsion of the Board of Review regarding tenative taxable value, you may appeal that decision by filing a petition with the 

Michigan Tax Tribunal at P.O, Box 30232, Lansing, M! 48809. Commercial Real, Industrial Real, Developmental Real, Commercial Personal, 

Industrial Personal and Utility Personal Property may be appealed by May 31. Agricultura! Real, Residential Real, Timber-Gutover 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 avallable al www.michigan.govilaxtrib. 

3. CLASSIFICATION 

Disposition by Board of Review. The Board of Review must state lhe reason for Its action below. 

[I penied 

[| Classification Changed From 

to 

Record of vote ~ Board or three member committes of board 

Chalrperson: [] Yes 

[J No wpe 

Member: [J Yes [No 

me 

Member: [JYes [No rr 

Reason for hoard action 

If you disagree with the decision of the Board of Review regarding classification, you may appeal by sending Form 2167 fo the Stale Tax Commission 

at PO, Box 30471, Lansing, Ml 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, 

[} Exemption Request Denied 

[7] Exemption percent madified from 

%to___- 

% 

Record of vole - Board or thres member committee of board

Gladwin-Clare County Appraisal Service 

File No. 

 7805lang 

i 

i 

. 

Case No. 

9082606-1 

Uniform Residential Appraisal Report 

21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the 

borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other 

secondary market participants; data collection or reporting services; professional appraisal organizations; any department, 

agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to 

obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal 

report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public 

relations, news, sales, or other media). 

22. 

1 am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain 

laws and regulations. Further, 

| am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice 

that pertain to disclosure or distribution by me. 

23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage 

insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part 

of any mortgage finance transaction that involves any one or more of these parties. 

24. 

If this appraisal report was transmitted as an "electronic record” containing my "electronic signature,” as those terms are 

defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this 

appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and 

valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 

25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or 

criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States 

Code, Section 1001, et seq., or similar state laws. 

SUPERVISORY APPRAISER’S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 

1. 

I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's 

analysis, opinions, statements, conclusions, and the appraiser's certification. 

2. 

t accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, 

statements, conclusions, and the appraiser's certification. 

3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or the 

appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 

4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and 

promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal 

report was prepared. 

5. If this appraisal report was transmitted as an “electronic record” containing my “electronic signature,” as those terms are 

defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this 

appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and 

valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 

APPRAISER 

SUPERVISORY APPRAISER (ONLY IF REQUIRED)

Gladwin-Clare County Appraisal Service 

COMPARABLES 1-2-3 

File No. 

78056lang 

Case No. 

9082606-1 

Borrower 

Vasquez Michelle & Gene 

Property Address 

7805 Lang St 

City 

Roscommon 

County 

Roscommon 

Slate 

Mi 

Zip Code 

48653 

Lender/Client 

Mortgage Center, LLC 

Address 

26555 Evergreen Road Ste 900, Southfield, Mi 48076 

COMPARABLE SALE # 

1 

2785 W Sunset Drive 

Roscommon, Mi 48653 

COMPARABLE SALE # 

2 

4110 Saint Lawrence Ave 

Roscommon, Mi 48653

Gladwin-Clare County Appraisal Service 

COMPARABLES 4-5-6 

File No. 

 7805lang 

Case No. 

9082606-1 

Borrower 

Vasquez Michelle & Gene 

Property Address 

7805 Lang St 

City 

Roscommon 

County 

Roscommon 

State 

Mi 

Zip Code 

48653 

tender/Client 

Mortgage Center, LLC 

Address 

26555 Evergreen Road Ste 900, Southfield, Mi 48076 

COMPARABLE SALE # 

4 

3073 W Lansing Rd 

Roscommon, Mi 48653 

COMPARABLE SALE # 

5

12 Month Sales 

File No. 

 7805lang 

Case No. 

9082606-1 

Borrower 

Vasquez Michelle & Gene 

Property Address 7805 Lang St 

City Roscommon 

County 

Roscommon 

State 

Ml 

Zip Code 

48653 

Lender/Client 

Mortgage Center, LLC 

Address 

26555 Evergreen Road Ste 900, Southfield, MI 48076 

Residential 

16 Properties 

MLS # 

Status Address 

Price Short 

Total 

Full Garage Waterfront Bullding Listing 

Listing Team 

Sold Date 

Address 

Bedrooms Baths Type 

Site, 

Member Office 

Listing 

Style 

Agent 

1 

201828108 Closed 5438 

W 

$201,900 5438 W 

4 

2 Au 

No 

Ranch 

05/22/2024 

Fletcher 

Fletcher 

Road 

Road 

2 

201830232 Closed 5461 N 

$250,000 5461 N 

3 

2 De 

No 

Ranch 

06/12/2024 

Flint Road 

Fiint Road 

3 

201829329 Closed 302 

$277,800 302 

3 

2 De 

No 

1+ Story 

06/17/2024 

Ridgedale 

Ridgedate 

Drive 

Drive 

4 

201827959 Closed 3858 

W 

$285,000 3858 

W 

3 

2 A 

Canal 

Ranch 

06/19/2024 

Oakland 

Oakland 

Trail 

Trail 

5 

201829218 Closed 

1110 Saint $230,000 1110 Saint 

3 

2 Aly 

No 

1+ Story 

(6/20/2024 

Lawrence 

Lawrence 

Avenue 

Avenue 

6 

201829041 

Closed 2921W 

$167,000 2921 W 

3 

1 At 

No 

Ranch 

07/02/2024 

Burdell 

Burdell 

Road 

Road 

7 

201829708 Closed 5431 N 

$233,000 5431 N 

2 

1 None 

No 

Chalet 

08/13/2024 

Markey 

Markey 

Road 

Road 

8 

201830798 Closed 5332W 

$243,000 5332 

W 

3 

1 

Ath 

No 

Ranch 

09/20/2024 

Fletcher 

Fletcher 

Road 

Road 

8 

201831879 Closed 809 

$326,000 809 

2 

1 

De 

No 

2+ Story 

09/20/2024 

Mooncrest 

Mooncrest 

Drive 

Drive 

10 201831035 Closed 4035 

$210,000 4035 

3 

1 A 

No 

Chalet 

09/26/2024 

Jenny 

Jenny 

Lane 

Lane 

11 201831067 Closed 2785 

W 

$279,000 2785 

W 

3 

2 Ath 

No 

2+ Story 

10/04/2024 

Sunset 

Sunset 

Drive 

Drive 

12 201828804 Closed 8675 N 

$375,000 8675 N 

5 

3 Alu 

No 

Ranch 

11/22/2024 

Loxley 

Loxley 

Road 

Road 

13 201830380 Closed 11313 

$290,000 11313 

3 

2 At 

No 

2+ Story 

1427/2024 

Fairway 

Fairway 

Drive 

Drive 

14 201832779 Closed 241 

$320,000 241 

2 

2 Ath 

No 

Chalet 

01/03/2025 

Crystal 

Crystal 

Lane 

Lane 

15 201831990 Closed 5070 

$242,500 5070 

3 

1 Ath 

No 

1+ Story 

03/03/2025 

North Cut 

North Cut

Tax Data 

File No. 

 7805lang 

Case No. 

8082608-1 

Borrower 

Vasquez Michelle & Gene 

Property Address 7805 Lang St 

City Roscommon 

County 

Roscommon 

State 

MI 

Zip Code 

48653 

Lender/Client 

Mortgage Center, LLC 

Address 

26555 Evergreen Road Ste 900, Southfield, Mi 48076 

7805 LANG STREET 

ROSCOMMON, Mi 48653 

Parcel #004-135-009-0000 

Property Owner: RENKERT RICHARD & LAURINE E 

Owner and Taxpayer Information 

: 

RENKERT RICHARD & LAURINEE 

Owner 

15894 19 MILE RD APT 338 

CLINTON TWP, 

Mi 48038-6353 

Taxpayer 

©" 

SEE OWNER INFORMATION 

Legal Description 

L938 P-1186 [L-654 P-591-82) 243 LOT 9 BIRCH HILL ESTATES 

Tax History 

a 

* 

**Note: On March 1 at 12: 00 AM, Summer and Winter local taxes become ineligibie for payment “at the jocal 

Lo 

unit, 

#MThe total due shown for prior year taxes is as of the annual settlement date with the County for that 

: 

, 

particular tax year and does not reflect any payments, fees, or interest accrual that may have occurred after 

i 

ithe settlement date. For updated tax information, please check with the local County. 

{ YaarSeason 

Tota) Amount 

Total PaidLast Paid 

oo 

i 

Total bite 

2024Winter 

$1,499.80 

_$, 4586, 3! 

-*¥Read Note{s} Above 

‘General Information for 2024 Winter Taxes 

‘School District 

SIDENTIAL-IMPROVED 

‘Assessed Value 

$135300 

Tax Bil 

mber No Data fo Display 

Last Payment Date 

02/26/2025 

ast Receipt Number 

00004556 

‘Number of Payments R 

‘Base Tex 

Admin Fees 

Interest Fees 

oo 

Total Tax & Fees 

{Admin Fas Paid a

License 

File No. 

 7805iang 

Case No. 

9082606-1 

Borrower 

Vasquez Michelle & Gene 

Property Address 7805 Lang St 

City Roscommon 

County 

Roscommon 

State 

MI __ Zip Code 

48653 

Lender/Client 

Mortgage Center, LLC 

Address 

26555 Evergreen Road Ste 900, Southfield, MI 48076 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

BUREAU OF PROFESSIONAL LICENSING 

P.O. BOX 30670 

LANSING, MI 48909 

STATE OF MICHIGAN 

~ DEPARTHENY 

OF LICENSING AND REGULATORY AFFAIRS 

BUREAU 

OF PROFESSIONAL 

LICENSING 

CERTIFIED RESIDENTIAL 

REAL 

ESTATE 

APPRAISER 

LICENSE 

KYLE 

ROBERT KIGAR 

LICENSE No. 

EXPIRATION DATE 

1204006427 

07/31/2086 

24184150715 

KYLE ROBERT 

KIGAR 

209 

W CEDAR 

AVE 

W 

CEDAR 

AVE 

GLADWIN. 

MI 

Y48La4 

COMPLAINT INFORMATION: 

THE ISSUANCE OF THIS LICENSE SHOULD NOT BE CONSTRUED 

AS A WAIVER, DISMISSAL OR ACQUIESCENCE TO ANY 

COMPLAINTS OR VIOLATIONS PENDING AGAINST THE 

LICENSEE, ITS AGENTS OR EMPLOYEES. 

FUTURE CONTACTS: 

YOU SHOULD DIRECT INQUIRIES REGARDING THIS LICENSE OR 

ADDRESS CHANGES TO THE DEPARTMENT OF LICENSING AND 

REGULATORY AFFAIRS BY EMAILING BPLHELP@MICHIGAN.GOV 

OR CALL (517) 241-0199 

GRETCHEN WHITHER 

coveRtioR 

STATE 

OF MICHIGAN

E 

Borrower 

Vasquez Michelle & Gene 

File No. 

 7805lang 

Case No. 

9082606-1 

and O 

Properly Address 7805 Lang St 

City Roscommon 

County 

Roscommon 

State 

MI 

Zip Code 

48653 

Lender/Client 

Mortgage Center, LLC 

Address 

26555 Evergreen Road Ste 900, Southfield, Mi 48076 

: 

4 

i Conifer 

Commercial Summary DECLARATION 

™\ 

Insurance 

Company 

POLICY NUMBER 

Policy Period 

at 12:01 AM. Standard Time at premise 

From: 

Tor 

of named Insured. 

7/30/2024 

7/30/2028 

NAMED 

INSURED AND ADDRESS 

“AGENT 

NAME AND ADDRESS: 

+ 

KIGAR REALTY LLC 

DBA: COLDWELL BANKER KIGAR 

209 W, CEDAR AVE, 

GLADWIN, MI 48524 

NE 

Schumacher Agency, Inc. 

P.Q. Box 648 

215 S. Ross 

Beaverton, Ml 48612-0548 

(989) 435-7715 

Business Description: Real Estate Professional Errors and Omissions 

This Commerclal Errors & Omissions Coverage Part consists of this Declaration Form, the Commercial Errors & Omissions 

Conditions Form and the coverage forms indicated as applicable. 

THIS POLICY CONSISTS OF THE FOLLOWING COVERAGE P, 

BE SUBJECT TO ADJUSTMENTS, 

ARTS FOR WHICH A PREMIUM IS INDICATED, THIS PREMIUM MAY 

Limits of Insurance 

Each Loss 

$1,000,000 

Each Policy Year 

$1,000,000 

Discrimination Limit 

$250,000 

Deductible 

$1,000 

TOTAL ADVANCE PREMIUM 

$1,668 

Retro Date: Full Prior Acts 

LOCATION OF PREMISES 

- Own, rent or occupy - 

Premises No. 

Location Of Premises 

1 

209 W. CEDAR AVE., GLADWIN M| 48624

EandO 

File No. 

 7805lang 

Case No. 

9082606-1 

Borrower 

Vasquez Michelle & Gene 

Property Address 7805 Lang St 

City Roscommon 

County 

Roscommon 

State 

Mi 

Zip Code 

48653 

Lender/Client 

Mortgage Center, LLC 

Address 

26555 Evergreen Road Ste 800, Southfield, M! 48076 

| 

CG 20991013 

REAL ESTATE PROFESSIONALS ERRORS AND OMISSIONS 

POLICY NUMBER: 

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 

REAL ESTATE PROFESSIONALS 

ERRORS AND OMISSIONS 

This endorsement modifies Insurance provided under the following: 

REALTORS ERRORS 

& OMISSIONS 

SCHEDULE 

Name of Additional Insured Person(s) or Organization(s) 

GLADWIN-CLARE COUNTY APPRAISAL SERVICES 

209 W. CEDAR AVE, 

GLADWIN, MI 

48624 

Information required to complete this Schedule, 

If not shown above, will be shown in 

the Declarations. 

Section Il “Who Is An Insured is amended to include as an additional insured the person(s) or 

organization(s) shown in the Schedule, but only with respect 

to liability for real estate services 

caused, 

in whole or in part, by your acts or omissions or the acts or omissions 

of those acting on 

your behalf in the performance of your business operations.

Gladwin-Clare County Appraisal Service 

FleNo. 

_ co 

Case No 

APPRAISER INDEPENDENCE CERTIFICATION 

The undersigned appraiser, being duly licensed or certified by the State in which the subject property 

is located, hereby represents and warrants that the appraisal performed 

in conjunction with this 

Certification complies with all elements of the Home Valuation Code of Conduct published December 

2008. 

In addition, the undersigned appraiser agrees that no one has influenced or attempted to influence 

the development, reporting, result, or review of this appraisal through coercion, extortion, collusion, 

compensation, inducement, intimidation, bribery or in any other manner including but not limited to: 

withholding or threatening to withhold timely payment or partial payment for this appraisal report; 

withholding or threatening to withhold future business; 

expressly or implied promising future business, promotions, or increased compensation; 

conditioning the ordering of the appraisal report or the payment of the appraisal fee on the opinion, 

conclusion, 

or 

valuation 

to 

be 

reached, 

or 

on 

a 

preliminary 

value 

estimate 

requesting; 

requesting that the appraiser provide an estimated, predetermined, or desired valuation in this 

appraisal report prior to the completion of the appraisal report, or requesting that the appraiser 

provide estimated values or comparable sales at any time prior to the completion of this appraisal 

report; 

providing to the appraiser an anticipated, estimated, encouraged, or desired value for the subject 

property or a proposed or target amount to be loaned to the borrower, except that a copy of the sales 

contract for purchase transactions may be provided; 

providing the appraiser, or any entity or person related to the appraiser, 

any other financial or 

non-financial benefits;

APPRAISAL REPORT 

OF 

7805 Lang St 

Roscommon, MI 48653 

PREPARED FOR 

Mortgage Center, LLC 

26555 Evergreen Road Ste 900 

Southfield, MI 48076 

AS OF 

05/05/2025 

PREPARED BY 

Gladwin-Clare County Appraisal Service 

209 W Cedar Ave 

Gladwin, MI 48624

Gladwin-Clare County Appraisal Service 

File No. 

~~ 7805lang 

APPRAISAL COMPLIANCE ADDENDUM 

cas. No. 9082606-1 

Borrower/Client Vasquez Michelle & Gene 

Address 7805 Lang St 

Unit No. 

City 

Roscommon 

County 

Roscommon 

State 

MI 

Zip Code 

48653 

Lender/Client 

Mortgage Center, LLC 

This Appraisal Compliance Addendum is included to ensure 

APPRAISAL AND REPORT IDENTIFICATION 

This Appraisal Report is one of the following types: 

Appraisal Report 

This report was prepared in accordance with the requirements of the Appraisal Report option of USPAP Standards Rule 2-2(a). 

[J Restricted Appraisal Report 

This report was prepared in accordance with the requirements of the Restricted Appraisal Report option of USPAP Standards Rule 2-2(b). The 

intended user of this report is limited to the identified client. This is a Restricted Appraisal Report and the rationale for how the appraiser arrivec 

atthe opinions and conclusions set forth in the report may not be understood properly without the additional information in the appraiser's workfile 

ADDITIONAL CERTIFICATIONS 

| certify that, to the best of my knowledge and belief: 

"The statements of fact contained in this report are true and correct. 

* 

The reported analyses, opinions, and conclusions are limited only by the reported assumptions and are my personal, impartial, and unbiased professional analyses, 

opinions, and conclusions. 

"Unless otherwise indicated, 

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

"Unless otherwise indicated, 

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

period immediately preceding acceptance of this assignment. 

"Ihave no bias with respect to the property that is the subject of this report or 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. 

"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 (if there are exceptions, the name of each 

individual providing significant real property appraisal assistance is stated elsewhere in this report). 

*_This report has been prepared in accordance with Title XI of FIRREA as amended, and an 

implementing regulations. 

PRIOR SERVICES 

: 

Ihave NOT performed services, as an appraiser or in another other capacity, 

immediately preceding acceptance of this assignment. 

: 

IHAVE performed services, as an appraiser or in another capacity, regarding the property that s the subject of this report within the three-year period immediately 

preceding acceptance of this assignment. Those services are described in the comments below. 

PROPERTY INSPECTION 

HAVE 

made a personal inspection of the property that is the subject of this report. 

"| 

[| have NOT 

made a personal inspection of the property 

that is the subject of this report. 

APPRAISAL ASSISTANCE 

Unless otherwise noted, no one provided significant real property appraisal assistance to the person signing this certification. If anyone did provide significant assistance, they 

are hereby identified along with a summary of the extent of the assistance provided in the report. 

See Addendum 

this appraisal report meets all USPAP 2014 requirements. 

regarding the property that s the subject of the report within the three-year period 

ADDITIONAL COMMENTS 

Additional USPAP related issues requiring disclosure and/or any state mandated requirements: 

None 

MARKETING TIME AND EXPOSURE TIME FOR THE SUBJECT PROPERTY 

A reasonable marketing time for the subject property is 

10-90 

day(s) utilizing market conditions pertinent to the appraisal assignment. 

A reasonable exposure time for the subject property is 

10-90 

day(s). 

APPRAISER 

SUPERVISORY APPRAISER (ONLY IF REQUIRED) 

v 

JCA. 

Signature 

Signature 

Name 

Kyle R Kigar 

Name 

Date of Signature 

05/09/2025 

Date of Signature 

State Certification # 1204006427 

State Certification # 

or State License # 

or State License # 

State 

Mi 

State 

Expiration Date of Certification or License 07/31/2026 

Expiration Date of Certification or License 

Supervisory Appraiser Inspection of Subject Property: 

Effective Date of Appraisal 05/05/2025 

3 

Did Not O 

Exterior Only from street 

Interior and Exterior 

USPAP Compliance Addendum 2014 

Page 

2 

of 

39 

UAD Version 9/2011 Produced by ClickFORMS Software 800-622-8727

Gladwin-Clare County Appraisal Service 

File No. 

 7805lang 

Uniform Residential Appraisal Report 

Cae No. 9082606-1 

The purpose of this appraisal report is to provide the lender/client with an accurate, and a dequately supported. opinion of the market value of the subject property. 

Property Address 7805 Lang St 

City 

Roscommon 

State 

MI 

Zip Code 

48653 

Borrower 

Vasquez Michelle & Gene 

Owner of Public Record 

Renkert Richard & Laurine E 

County 

Roscommon 

Legal Description L-936 P-1186 (L-654 P-591-92) 243 LOT 9 BIRCH HILL ESTAES 

Assessor's Parcel # 

 004-135-009-0000 

Tax Year 

2024 

RE. Taxes $ 

2,377 

Neighborhood Name Higgins Lake Area 

Map Reference 

143 

Census 

Tract 

9704.02 

Occupant 

Owner [ ] Tenant [x] Vacant Special Assessments $ 

0 

[1] 

PUD 

HOA $ 

0 

[Teer year [Teer month 

Property Rights Appraised IX] Fee Simple [] Leasehold [1 Other (describe) 

Assignment Type [x] Purchase Transaction 

C1 Refinance Transaction 1 Other (describe) 

Lender/Client Mortgage Center, LLC 

Address 26555 Evergreen Road Ste 900, Southfield, MI 48076 

Is the subject property currently 

offered for sale or has it been offered for sale In the twelve months prior to the effective date of this appraisal? x] Yes 1 No 

Report data source(s) used, offerings price(s). and date(s). 

DOM 105;Subject property was offered for sale.;Latest Price $325,000:Latest Date 

04/25/2025; Original Price $345,000;Original Date 01/10/2025;PARMLS#50164369 

| 

did [| did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not 

erformed. 

Arms length sale;Standard Sales contract consisting of 4 pages with no personal property included with sale. 

ContractPrice$ 

270,000 

Date of Contract 04/06/2025 

Is the property seller the owner of public record? |X [Yes [ 

TNo 

Data Source(s) Tax Roll 

Is there any financial assistance (loan charges, sale concessions, gift 

or down payment assistance, etc.) to be paid by any party on behalf of the borrower? 

Tes 

No 

If Yes, report the total dollar amount and describe the items to be paid. $0:; 

Note: Race and the racial composition of the neighborhood are not appraisal factors. 

Neighborhood Characteristics 

5 __One-Unit Housing Trends Ie | One-Unit Housing 

|P 

Location 

Urban 

Suburban| 

X] Rural 

Property Values 

Increasing 

| X | Stable 

Declining | PRICE 

AGE | One-Unit 

60 

% 

Built-Up 

Over 75% | X | 25-75% 

Under 25% | Demand/Supply 

Shortage 

| X 

|InBalance| 

_|OverSupply | 

$ (000) 

(yrs) | 2-4 Unit 

1% 

Growth 

Rapid 

X | Stable 

Slow 

Marketing Time | X | Under3mths 

3-6 mths 

Over6mths 

200 

Low 

5 

Multi-Family 

1% 

Neighborhood Boundaries South of W Birch Rd, North of St Lawrence Ave, East of Hillcrest Rd, West of | 400 

High 

140 | Commercial 

1% 

W Higgins Lake Dr 

282 

Pred. 

32 

| Other Vacant 37 

% 

Neighborhood Description Area of mixed single family homes of varying value and design. Typical neighborhood makeup with no evident negative 

influences. The styles and size of homes in the neighborhood vary. The area is located with short drive to shopping, employment and 

recreational activities. 

Schools are a short drive depending on which schools attending. 

Market Conditions (including support for the above conclusions) 

Interest rates are in the 3.5-8% range depending on terms and conditions of loan 

requested. Concessions are minimal in this market. Market conditions are stable with mortgage money readily available. Supply is low in this 

market and showing a sellers market. No list to sale ratio differences currently due to low listing inventory causing competitive offers. 

Dimensions 

238.20x306.22x158.65x290.63 

Area 

1.36 ac 

Shape 

Rectangular 

View 

N;Res; 

Specific Zoning Classification 

R-1A 

Zoning Description Residential 

Zoning Compliance 

|X | Legal[ 

| Legal Nonconforming (Grandfathered Use) 

| 

| No Zoning [| lllegal (describe) 

Is the highest and best use of subject property as improved (or as proposed per plans and specifications) the present use? [X]¥es [ 

INoif No, describe. 

Utilities 

Public 

Other (describe) 

Public 

Other (describe) 

Off-site Improvements--Type 

Public 

Private 

Electricity 

| X 

Water 

X | Individual Well 

Street 

Asphalt 

X 

Gas 

X| 

LP 

Sanitary Sewer 

X | Septic System 

Alley 

None 

FEMA Special Flood Hazard Area 

[Ives [x] No 

FEMA Flood Zone 

Xx 

FEMA Map # 26143C0155A 

FEMA Map Date 01/18/2012 

Are the utilities and/or off-site improvements typical for the market area? x] Yes 1 No 

If No, describe. 

Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)? [Tes IX] No 

If Yes, describe. 

General Description 

] 

Foundation 

Exterior Description 

__materials/condition | Interio 

__materials/condition 

Units [Xone 

One with Accessory Unit 

Concrete Slab 

[X [Crawl Space | Foundation Walls Conc/Average 

Floors 

Carpet/Vinyl/Average 

# of Stories 

1.5 

Full Basement 

| 

[Partial Basement | Exterior Walls 

Vinyl Siding/Average 

| Walls 

Drywall/Average 

Type | X | Det. 

| Att. 

S-Det./End Unit | Basement Area 

0 

sq. ft.| 

Roof Surface 

Asphalt Shingles/Aver | Trim/Finish Wood/Average 

X [Existing 

Proposed] 

_|Under Const. | Basement Finish 

0 

% | Gutters 

& Downspouts None 

Bath Floor Vinyl/Average 

Design (Style) 

Traditional 

[outside Entry/Exit]__ [Sump Pump 

Window Type 

Vinyl/Average 

Bath Wainscot 

Fiberglass/Aver 

Year 

Built 

1996 

Evidence of 

Infestation 

Storm Sash/insulated Double Pane/Aver | CarStorage 

| 

| None 

Effective Age (Yrs) 

20 

[I Damoness 

Settlement 

Screens 

Yes/Average 

XT Driveway 

#of Cars 

2 

Attic 

X | None 

Heating | X 

[FWA] [ Thweg | TRadiant | Amenities 

Woodstove(s)# 

O 

| Driveway Surface Asphalt 

Drop Stair 

Stairs 

[™ Tother 

[Fuel 

LPG 

X |Fireplace(s) # 

2 

Fence None 

X | Garage 

 #of Cars 2 

Floor 

Scuttle 

Cooling 

[x] Central Air Conditioning || X |Patio/Deck opicov| 

[Porch None 

Carport 

#of Cars 

0 

Finished 

Heated 

[Tindividuall[_] other 

Pool None 

Other None 

X|att. 

[ [pet 

[ |Buitin 

Appliances [X] Refrigerator [X] Range/Oven [XIpishwasher[ 

Disposal [1 Microwave] 

| Washer/Dryer | 

_|Other (describe) 

8 

Finished area 

above grade contains: 

8 

Rooms 

3 

Bedrooms 

2.0 

Bath(s) 

1.675 

Square Feet of Gross Living Area Above Grade 

»}| 

Additional features (special energy efficient items, etc.) 

None 

Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.). 

 C3;No updates in the prior 15 years;Subject has 

been well maintained and is in good repair. 

Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? [Ives [X] No 

If Yes, describe 

No adverse conditions were noted. All mechanical systems were on and operating on the day of inspection. 

Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? [XTves [1] No 

If No, describe 

Design and 

functional utility for the area. Home conforms to the neighborhood. 

reddie Mac Form 70 

March 2005 

Fannie Mae Form 1004 

March 2005 

UAD Version 9/2011 Produced by ClickFORMS Software 800-622-8727 

Page 

3 

of 

39

Gladwin-Clare County Appraisal Service 

File No. 

 7805lang 

Uniform Residential Appraisal Report 

Case No. 9052606 

Thereare 

9 

comparable properties currently offered for sale in the subject neighborhood ranging 

in price from § 

219,900 

to$ 

399,000 

Thereare 

16 

comparable sales in the subject neighborhood within the past twelve months ranging in sale price from $ 

200,000 

to$ 

400,000 

FEATURE 

[ 

SUBJECT 

COMPARABLE SALE #1 

COMPARABLE SALE #2 

COMPARABLE SALE #3 

Address 

7805 Lang St 

2785 W Sunset Drive 

1110 Saint Lawrence Ave 

5332 W Fletcher Rd 

Roscommon, 

MI 48653 

Roscommon, MI 48653 

Roscommon, MI 48653 

Roscommon, MI 48653 

Proximity to Subject 

4.06 miles NE 

0.19 miles S$ 

6.43 miles N 

Sale Price 

§ 

270,000 

$§ 

279,000 

__ 

8 

200000 

| 

s 

 243000 

SalePrice/GrossLiv.Area 

[§ 

161.19 

 sq.ft.|$ 

166.28 

sq.ft. 

~~ 

|§ 

22533 

sqft. 

|g 

180.80 

sq.ft. 

Data Source(s) 

PARMLS#201831067;D0M 62 | FLEXMLS#20182921 8:DOM 50 | FLEXMLS#201830798:DOM 58 

Verification Source(s) 

Realtor 

Realtor 

Realtor 

VALUE ADJUSTMENTS 

DESCRIPTION 

DESCRIPTION 

| +(-) 

§ Adjustment] 

DESCRIPTION 

+(-) $ Adjustment] 

DESCRIPTION 

| +(-) 

$ Adjustmen 

Sale or Financing 

ArmLth 

ArmLth 

ArmLth 

Concessions 

Conv;0 

Conv;0 

Conv;0 

Date of Sale/Time 

$10/24,c08/24 

s06/24;c05/24 

s09/24,c09/24 

Location 

N;Res; 

N;Res; 

N;Res; 

N;Res; 

Leasehold/Fee Simple 

Fee Simple 

Fee Simple 

Fee Simple 

Fee Simple 

Site 

1.36 ac 

2.20 ac 

-5,000 

24829 sf 

+5,000 

2.50 ac 

-5,00¢ 

View 

N;Res; 

N;Res; 

N;Res; 

N;Res; 

Design (Style) 

DT1.5; Traditional | DT1.5; Traditional 

DT1.5; Traditional 

DT1;Ranch 

( 

Quality of Construction 

Q4 

Q4 

Q4 

Q4 

Actual Age 

29 

41 

[9 

34 

0 

50 

( 

Condition 

C3 

C3 

C3 

-10,000 

C3 

Above Grade 

Total 

|Bdrms| 

Baths | Total 

[Bdrms| 

Baths 

Total 

[Bdrms| 

Baths 

Total 

|Bdrms) 

Baths 

Room Count 

8 

3 

2.0 

6 

3 

2.0 

q 

7 

3 

2.0 

0_8 

3 

1.1 

+1,25( 

Gross Living Area 

1,675 

sq. ft] 

1,688 

sq. ft. 

-455| 

1,287 

sq. ft. 

+13,580 

1.344 

sq. ft. 

+11,58¢ 

Basement & Finished 

Osf 

0Osf 

Osf 

Osf 

Rooms Below Grade 

Functional Utility 

Average 

Average 

Average 

Average 

Heating/Cooling 

FWA/Central 

Elec/None 

+1,500 

FWA/Central 

FWA/None 

+1,50( 

Energy Efficient Items 

None 

None 

None 

None 

Garage/Carport 

2ga2dw 

2ga2dw 

2ga2dw 

1ga2dw 

+10,00( 

Porch/Patio/Deck 

op/cov 

cov/2op 

0 

op/barn 

-18,000] 

2op/shed/barn 

-8,00¢ 

Fireplaces 

2 

1 

+2,000 

1 

+2,000 

1 

+2,00( 

Net Adjustment (Total) 

[T+IX]- 

Is 

1955 |[ 

[+Ixl- 

$ 

7420 

|X] 

+ 

|- 

$ 

13335 

Adjusted Sale Price 

| 

of Comparables 

§ 

277,045 

$ 

282,580 

$ 

256,335 

1 

[XTdd [1 did not research the sale or transfer history of the subject property and comparable sales. If not, explain 

My research [1] did [X] did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. 

Data source(s) 

Local MLS 

My research [1 did [x] did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale. 

Data source(s) Local MLS 

Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3). 

ITEM 

SUBJECT 

COMPARABLE SALE #1 

COMPARABLE SALE #2 

COMPARABLE SALE #3 

Date of Prior Sale/Transfer 

Price of Prior Sale/Transfer 

Data Source(s) 

Local MLS 

Local MLS 

Local MLS 

Local MLS 

Effective Date of Data Source(s) 

05/05/2025 

05/05/2025 

05/05/2025 

05/05/2025 

Analysis of prior sale or transfer history of the subject property and comparable sales 

This county public data is historically months behind posting of owner 

changes with minimal information on sales. 

Information is based on local MLS data. 

Summary of Sales Comparison Approach 

~ Appraiser has considered market driven adjustments. 

Not all feature or amenities warrant an adjustment in 

the market. Site size consideration includes the frontage and overall size along with overall utility. Bedroom count and bath count are also 

considered for possible adjustment. 

Appraiser has considered the principle of substitution. 

Quality and condition rating can have adjustments within the individual ratings themselves. If an adjustment was given for a comparable does not 

mean an automatic variance in the rating scale. 

Indicated Value by Sales Comparison Approach § 

279.000 

Indicated Value by: Sales Comparison Approach 

§ 

279,000 

Cost Approach (if developed) $ 

0 

Income Approach (if developed) $ 

0 

All approached to value were reviewed. The direct sale comparison approach is the only applicable approach to value reflecting buyer/seller 

market actions. Due to the age of the home and current building costs the cost approach is not a relevant factor. Due to the lack of data the 

income approach on this residential property 

is not relevant. 

This appraisal is made 

"asis," 

1 subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been 

completed, 

subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or I] subject to the 

following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair: 

Based on a complete visual inspection of the interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limiting 

conditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the real property that is the subject of this report is 

$ 

279,000 

.as of 

05/05/2025 

. which is the date of inspection and the effective date of this appraisal. 

reddie Mac Form 70 

March 2005 

Fannie Mae Form 1004 

March 2005

Gladwin-Clare County Appraisal Service 

File No. 

 7805lang 

Uniform Residential Appraisal Report 

Seale RUE 

ADDITIONAL COMMENTS 

COST APPROACH 

TO VALUE (not requir 

Provide adequate information for the lender/client to replicate your cost figures and calculations. 

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

Land sales and extraction method used to 

determine site value of the subject. 

T 

< 

ESTIMATED | 

| REPRODUCTIONOR 

[REPLACEMENT COST NEW 

OPINION OF SITE VALUE 

= 

30,000 

= 

Source of cost data Marshall and Swift/Local Costs 

Dwelling 

1.675 

 So.Ft.@$ 

= 

x 

Quality rating from cost service 

Average 

Effective date of cost data 

Bsmt. 

Sa.Ft.@$ 

=! 

5 | Comments on Cost Approach (gross living area calculations, depreciation, ete.) 

7 

Cost approach not applicable due to age of home and current building | Garage/Carport 

406 

Sq.Ft. @$ 

= 

83 

costs. 

Total Estimate of Cost-new 

= 

Less 

Physical 

33 | Functional 

External 

Depreciation 

0 

=$ 

( 

0 

) 

Deprecated Cost of Improvements 

= 

0 

"As-is" Value of Site Improvements 

= 

Estimated Remaining Economic Life (HUD and VA only) 

40 

Years 

ed Value By Cost Approach 

=$ 

0 

INCOME APPROACH TO VALUE (n 

red by Fannie Mae) 

EW 

Estimated Monthly Market Rent $ 

X Gross Multiplier 

=$ 

Indicated Value by Income Approach 

Summary of Income Approach (including support for market rent and GRM) 

| 

PROJECT INFORMATION FOR PUDs (if 

- 

TE 

SA 

SRT 

3 Wears Yes 

2 ot 

Is the developer/builder in control of the Homeowner's Association (HOA)? [Ives [1 No 

_Unittype(s) 

Detached 

[] Attached 

Provide the following information for PUDs ONLY if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit. 

Legal Name of Project 

5 

Total number of phases 

Total number of units 

Total number of units sold 

>| 

Total number of units rented 

Total number of units for sale 

Data source(s) 

= 

Was the project created by the conversion of existing building(s) into a PUD? |_| Yes 

[INo 

If Yes. date of conversion. 

S 

Does the project contain any multi-dwelling units? [Ives [] No 

Data source. 

= 

Are the units, common elements, and recreation facilities complete? [Ives [] No 

If No, describe the status of completion. 

(=) 

=] 

2 

Are the common elements leased to or by the Homeowner's Association? [Ves 

[ 

No 

If Yes, describe the rental terms and options. 

Describe common elements and recreational facilities. 

Freddie Mac Form 70 

March 2005 

Fannie Mae Form 1004 

March 2005 

UAD Version 9/2011 Produced by ClickFORMS Software 800-622-8727 

Page 

5 

of 

39

Gladwin-Clare County Appraisal Service 

File No. 

7805lang 

. 

i 

i 

A 

Case No. 

9082606-1 

Uniform Residential Appraisal Report 

21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the 

borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other 

secondary market participants; data collection or reporting services; professional appraisal organizations; any department, 

agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to 

obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal 

report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public 

relations, news, sales, or other media). 

22. 

| am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain 

laws and regulations. Further, 

[ am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice 

that pertain to disclosure or distribution by me. 

23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage 

insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part 

of any mortgage finance transaction that involves any one or more of these parties. 

24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature,” as those terms are 

defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this 

appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and 

valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 

25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or 

criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States 

Code, Section 1001, et seq., or similar state laws. 

SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 

1. 

| directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's 

analysis, opinions, statements, conclusions, and the appraiser's certification. 

2. 

L accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, 

statements, conclusions, and the appraiser's certification. 

3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or the 

appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 

4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and 

promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal 

report was prepared. 

5. 

If this appraisal report was transmitted as an "electronic record” containing my "electronic signature,” as those terms are 

defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this 

appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and 

valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 

APPRAISER 

SUPERVISORY APPRAISER (ONLY IF REQUIRED) 

- 

JSC A. 

Signature 

Signature 

Name 

‘ 

Kyte R Kigar 

Name 

Company Name 

Gladwin-Clare County Appraisal Service 

Company Name 

Company Address 

208 W Cedar Ave 

Company Address 

Gladwin, Mi 48624 

Telephone Number 

9894267508 

Telephone Number 

Email Address 

kylesoldit@gmail.com 

Email Address 

Date of Signature and Report 

05/09/2025 

Date of Signature 

Effective Date of Appraisal 

05/05/2025 

State Certification # 

State Certification # 

1204006427 

or State License # 

or State License # 

State

PRESS FIRMLY TO SEAL 

Received 

FSC 

- 

MAY 

4 20% 

Pog 

UTED] Aa 

i 

Retail 

POSTAL SE| 

® Expected delivery date specif 

US POSTAGE PAID 

Origin: 49038 

i 

$13.25 i. 

B Most domestic shipments incl 

PRIORITY MAIL® 

).* 

B® USPS Tracking® included for ¢ 

® Limited international insuranc( 

® When used internationally, a ¢ 

“Insurance does not cover certain items. 

Domestic Mail Manual at http://pe.usps. 

** See International Mail Manual at http:/ 

LEGAL FLAT RAT 

ONE RATE ® ANY WEIGHT 

TRACKED 

= INSU 

0 Lb 4.20 Oz 

RDC 03 

EXPECTED DELIVERY DAY: 

05/08/28 

SHIP 

611 W OTTAWA ST 

TO: 

Be LANSING MI 48933-1070 

[TI 

HITE 

9505 5114 3141 6126 6370 28 

Hi Hm 

| 

Leg 

PS00001000060 

EP1 

OD: 

E 

15x95 

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