Appraisal As Of 12.31.24_Dhandayuthapany_25-002710.pdf
Arunshankar Dhandayuthapany, Petitioner V Township Of West Bloomfield, Respondent · 25-002710-TT
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APPRAISAL REPORT OF PREPARED FOR AS OF PREPARED BY 2901 Birchena Crescent West Bloomfield , MI 48324 Michigan Tax Appeal 436 N Center St. Northville, MI 48167 12/31/2024 Darby Appraisers, LLC 310 Creedmore Street Commerce Twp, MI 48382
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RE: File No. Case No. Dear In accordance with your request, I have personally inspected and prepared an appraisal report of the real property located at: The purpose of this appraisal is to estimate the market value of the property described in the body of this appraisal report. Enclosed, please find the appraisal report which describes certain data gathered during our investigation of the property. The methods of approach and reasoning in the valuation of the various physical and economic factors of the subject property are contained in this report. An inspection of the property and a study of pertinent factors, including valuation trends and an analysis of neighborhood data, led the appraiser to the conclusion that the market value, as of is: $ The opinion of value expressed in this report is contingent upon the limiting conditions attached to this report. It has been a pleasure to assist you. If I may be of further service to you in the future, please let me know. Respectfully submitted, Signature: Darby Appraisers, LLC 310 Creedmore Street Commerce Twp, MI 48382 10/19/2026 Michigan Tax Appeal 436 N Center St. Northville, MI 48167 2901 Birchena Crescent West Bloomfield , MI 48324 26-100016 2901 Birchena Crescent, West Bloomfield , MI 48324 12/31/2024 400,000 Erica Darbyshire
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Produced by ClickFORMS Software 800-622-8727 File No. Table of Contents Page Title Page # Darby Appraisers, LLC 26-100016 Residential Appraisal Page 1 1 Residential Appraisal Page 2 2 Residential Appraisal Page 3 3 Photo Subject 4 Photo (6) 5 Photo (6) 6 Photo (6) 7 Photo Comparables 1-2-3 8 Comments 9 Comments 10 Sketch 11 Location Map 12 Aerial Map 13 Plat Map 14 UAD Definition of Terms 15 UAD Definition of Terms p2 16 UAD Definition of Terms p3 17 Certification Page 1 18 Certification Page 2 19 Appraisal Compliance Addendum 20 Appraiser License Certificate 21
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Produced by ClickFORMS Software 800-622-8727 File No. Residential Appraisal Report The purpose of this appraisal report is to provide the client with an accurate, and adequately supported, opinion of the market value of the subject property. Property Address City State Zip Code Owner Intended User County Legal Description Assessor's Parcel # Tax Year R.E. Taxes $ Neighborhood Name Map Reference Census Tract Occupant Owner Tenant Vacant Special Assessments $ PUD HOA $ per year per month Property Rights Appraised Fee Simple Leasehold Other (describe) Intended Use Client Address 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? Yes No Report data source(s) used, offerings price(s), and date(s). SUBJECT I 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 performed. Contract Price $ Date of Contract Is the property seller the owner of public record? Yes No Data Source(s) Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the purchaser? Yes No If Yes, report the total dollar amount and describe the items to be paid. CONTRACT Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood Characteristics One-Unit Housing Trends One-Unit Housing Present Land Use % Location Urban Suburban Rural Property Values Increasing Stable Declining PRICE AGE One-Unit % Built-Up Over 75% 25-75% Under 25% Demand/Supply Shortage In Balance Over Supply $ (000) (yrs) 2-4 Unit % Growth Rapid Stable Slow Marketing Time Under 3 mths 3-6 mths Over 6 mths Low Multi-Family % Neighborhood Boundaries High Commercial % Pred. Other % Neighborhood Description Market Conditions (including support for the above conclusions) NEIGHBORHOOD Dimensions Area Shape View Specific Zoning Classification Zoning Description Zoning Compliance Legal Legal Nonconforming (Grandfathered Use) No Zoning Illegal (describe) Is the highest and best use of subject property as improved (or as proposed per plans and specifications) the present use? Yes No If No, describe. Utilities Public Other (describe) Public Other (describe) Off-site Improvements--Type Public Private Electricity Water Street Gas Sanitary Sewer Alley FEMA Special Flood Hazard Area Yes No FEMA Flood Zone FEMA Map # FEMA Map Date Are the utilities and/or off-site improvements typical for the market area? Yes No If No, describe. Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)? Yes No If Yes, describe. SITE General Description Foundation Exterior Description materials/condition Interior materials/condition Units One One with Accessory Unit Concrete Slab Crawl Space Foundation Walls Floors # of Stories Full Basement Partial Basement Exterior Walls Walls Type Det. Att. S-Det./End Unit Basement Area sq. ft. Roof Surface Trim/Finish Existing Proposed Under Const. Basement Finish % Gutters & Downspouts Bath Floor Design (Style) Outside Entry/Exit Sump Pump Window Type Bath Wainscot Year Built Evidence of Infestation Storm Sash/Insulated Car Storage None Effective Age (Yrs) Dampness Settlement Screens Driveway # of Cars Attic None Heating FWA HWBB Radiant Amenities Woodstove(s) # Driveway Surface Drop Stair Stairs Other Fuel Fireplace(s) # Fence Garage # of Cars Floor Scuttle Cooling Central Air Conditioning Patio/Deck Porch Carport # of Cars Finished Heated Individual Other Pool Other Att. Det. Built-in Appliances Refrigerator Range/Oven Dishwasher Disposal Microwave Washer/Dryer Other (describe) Finished area above grade contains: Rooms Bedrooms Bath(s) Square Feet of Gross Living Area Above Grade Additional features (special energy efficient items, etc.) Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.). Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? Yes No If Yes, describe Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? Yes No If No, describe IMPROVEMENTS NL - Residential 5/2007 This form may be reproduced unmodified without written permission, however, Bradford Technologies, Inc. must be acknowledged and credited. Page of Darby Appraisers, LLC 26-100016 2901 Birchena Crescent West Bloomfield MI 48324 Aurnshankar Dhandayuthapany/Gowsalya Shnmugam Michigan Tax Appeal Oakland Sec 9 Darb Lake Colony Sub No 1 Lots 57 & 58 18-09-154-012 N/A N/A Darb Lake Colony Sub No 1 18-09 1561 X 0 N/A X to determine the fair market value of the subject as of December 31, 2024 to appeal property taxes Michigan Tax Appeal 436 N Center St., Northville, MI 48167 X X X X X X X N/A N/A N/A N/A N/A N/A In West Bloomfield Township, north of Commerce Rd., south of Cooley Lake Rd., east of Union Lake Rd and west of Hiller Rd The subject is located in a lake community influenced by Darb Lake. As is common with lake communities, the homes vary in size, style, age, quality, condition and utility. All necessary services and amenities are located in close proximity and are easily accessible. The subject is supported by the West Bloomfield school district Conventional financing is readily available at acceptable rates. Local market conditions indicate a balanced supply and demand of comparable homes, with a typical marketing time of under 3 months. FHA/VA, Land Contract and Cash sales are sometimes utilized as alternative forms of financing with no adverse affect on value or marketability. Irregular - See attached plat map 25,657 Irregular N;Res; R-12.5 Single Family Residential X X See comments - Site Highest/ Best Use X X X X Asphalt X None N/A N/A N/A X X X 1 Story X X Ranch 1988 20 X 0 75 X Concrete Brick/Wood Asphalt Aluminum Vinyl Yes Yes HW/Lam/Avg Drywall/Avg Painted/Avg Tile/Avg Tile/Avg X X Gas X X 1 X Wd X Chain X Conc X 4 Concrete X 2 0 X X X 7 3 2.10 2,363 Subject has typical features and amenities for its market area. No value given to personal property. C4; The subject was inspected 10/14/2026 and the effective date of the appraisal is 12/31/2024. It is assumed that the subject was in similar condition on both dates. If this is contrary to fact, the esimated value of the subject may be affected. The photos included in this report are a representation of the home as it was observed 10/14/2026 X At the time of inspection there were no apparent adverse conditions. X 1 21
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Produced by ClickFORMS Software 800-622-8727 Net Adj: 13% Gross Adj : 19% Net Adj: -10% Gross Adj: 13% Net Adj: 23% Gross Adj: 23% File No. Residential Appraisal Report There are comparable properties currently offered for sale in the subject neighborhood ranging in price from $ to $ . There are comparable sales in the subject neighborhood within the past twelve months ranging in sale price from $ to $ . FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address Proximity to Subject Sale Price $ $ $ $ Sale Price/Gross Liv. Area $ sq. ft. $ sq. ft. $ sq. ft. $ sq. ft. Data Source(s) Verification Source(s) VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ Adjustment Sale or Financing Concessions Date of Sale/Time Location Leasehold/Fee Simple Site View Design (Style) Quality of Construction Actual Age Condition Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Room Count Gross Living Area sq. ft. sq. ft. sq. ft. sq. ft. Basement & Finished Rooms Below Grade Functional Utility Heating/Cooling Energy Efficient Items Garage/Carport Porch/Patio/Deck Net Adjustment (Total) + - $ + - $ + - $ Adjusted Sale Price of Comparables $ $ $ I did did not research the sale or transfer history of the subject property and comparable sales. If not, explain My research did 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) My research did 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) 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) Effective Date of Data Source(s) Analysis of prior sale or transfer history of the subject property and comparable sales Summary of Sales Comparison Approach SALES COMPARISON ANALYSIS Indicated Value by Sales Comparison Approach $ Indicated Value by: Sales Comparison Approach $ Cost Approach (if developed) $ Income Approach (if developed) $ This appraisal is made "as is," 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 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 RECONCILIATION $ , as of . NL - Residential 5/2007 This form may be reproduced unmodified without written permission, however, Bradford Technologies, Inc. must be acknowledged and credited. Page of Darby Appraisers, LLC 26-100016 N/A N/A N/A N/A N/A N/A 2901 Birchena Crescent West Bloomfield , MI 48324 0.00 B;Lake;Res Fee Simple 25,657 sf N;Res; Ranch Q4 38 yrs C4 7 3 2.10 2,363 Basement Fin w/RR/Bar/Bth 3 Bedroom FWA/Central None 2 Car Gar. Att. Porch/Deck 7806 Circle Blvd West Bloomfield, MI 48323 2.28 miles SW 351,000 154.08 RCO# 20230092223 Assessor Conventional None Closed 3/2024 N;Res +5,000 Fee Simple 17000 sf 0 N;Res; Ranch Q4 58 yrs 0 C4 8 4 2.1 2,278 0 Crawl +35,000 +15,000 4 Bedroom 0 FWA/Central None 2 Car Gar. Att. Porch/Deck Second Gar -10,000 X 45,000 396,000 6745 Woodside Trail West Bloomfield, MI 48322 4.90 miles SE 450,000 199.82 RCO# 20240053410 Assessor Conventional None Closed 9/2024 B;Res;Sup -25,000 Fee Simple 13,560 sf 0 N;Res; Ranch Q4 62 yrs 0 C3 -25,000 7 3 2.1 2,252 +7,200 Basement Fin wRR/ 3 Bedroom FWA/Central None 2 Car Gar. Att. Porch/Patio 0 X -42,800 407,200 2406 Island View West Bloomfield, MI 48323 0.66 miles NE 305,000 160.95 RCO# 20240007545 Assessor Cash None Closed 3/2024 B;Lake;Res 0 Fee Simple 10,240 sf 0 N;Res; Ranch Q4 59 yrs 0 C5 +25,000 7 4 2.0 1,895 +30,400 Basement Unfinished +15,000 4 Bedroom FWA/Central None 2 Car Gar. Att. Porch/Deck X 70,400 375,400 X X RCMI and Assessor X RCMI and Assessor 10/12/2023 371,434 RCMI 10/16/2026 5/3/2026 0 RCMI 10/16/2026 RCMI 10/16/2026 RCMI 10/16/2026 It appears that the subject was purchased 10/12/2023 for $371,434. It appears that comparable #1 had a QCD transfer 5/3/2023 for an undisclosed amount between what appear to be related parties. There did not appear to have been any other sales or transfers of the comparables in the 12 prior to the effective date of this report. See comments - Summary Of Sales Comparison Approach 400,000 400,000 0 The final estimate of value falls within the adjusted range of the comparables. The Market Approach was considered to be the best indicator of value for the subject property. X 400,000 12/31/2024 2 21
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Produced by ClickFORMS Software 800-622-8727 File No. ADDITIONAL COMMENTS COST APPROACH TO VALUE (if applicable) Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value) ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE =$ Source of cost data Dwelling Sq. Ft. @ $ =$ Quality rating from cost service Effective date of cost data Sq. Ft. @ $ =$ Comments on Cost Approach (gross living area calculations, depreciation, etc.) Garage/Carport Sq. Ft. @ $ =$ Total Estimate of Cost-new =$ Less Physical Functional External Depreciation =$ ( ) Depreciated Cost of Improvements =$ "As-is" Value of Site Improvements =$ COST APPROACH Estimated Remaining Economic Life (HUD and VA only) Years Indicated Value By Cost Approach =$ INCOME APPROACH TO VALUE (if applicable) Estimated Monthly Market Rent $ X Gross Multiplier =$ Indicated Value by Income Approach Summary of Income Approach (including support for market rent and GRM) INCOME PROJECT INFORMATION FOR PUDs (if applicable) Is the developer/builder in control of the Homeowner's Association (HOA)? Yes No Unit type(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 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 No If Yes, date of conversion. Does the project contain any multi-dwelling units? Yes No Data source. Are the units, common elements, and recreation facilities complete? Yes No If No, describe the status of completion. Are the common elements leased to or by the Homeowner's Association? Yes No If Yes, describe the rental terms and options. Describe common elements and recreational facilities. PUD INFORMATION Page of Residential Appraisal Report NL - Residential 5/2007 This form may be reproduced unmodified without written permission, however, Bradford Technologies, Inc. must be acknowledged and credited. Darby Appraisers, LLC 26-100016 Marshall and Swift The cost approach is not considered to be an appropriate approach to value for this assignment. It is therefore not included in this report. 55 2,363 Bsmt. 2,156 572 27 0 0 0 0 Due to the lack of rental data in this market area the Income Approach is not relevant. 3 21
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Produced by ClickFORMS Software 800-622-8727 SUBJECT PHOTO ADDENDUM File No. Borrower Property Address City County State Zip Code Lender/Client Address FRONT OF SUBJECT PROPERTY REAR OF SUBJECT PROPERTY STREET SCENE Page of Darby Appraisers, LLC 26-100016 2901 Birchena Crescent West Bloomfield Oakland MI 48324 Michigan Tax Appeal 436 N Center St., Northville, MI 48167 2901 Birchena Crescent West Bloomfield , MI 48324 4 21
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Produced by ClickFORMS Software 800-622-8727 File No. Owner Property Address City County State Zip Code Client Address Page of Darby Appraisers, LLC 26-100016 Aurnshankar Dhandayuthapany/Gowsalya Shnmugam 2901 Birchena Crescent West Bloomfield Oakland MI 48324 Michigan Tax Appeal 436 N Center St., Northville, MI 48167 5 21 Primary bedroom Primary bath Primary bath alternate view Bath Bedroom Bedroom
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Produced by ClickFORMS Software 800-622-8727 File No. Owner Property Address City County State Zip Code Client Address Page of Darby Appraisers, LLC 26-100016 Aurnshankar Dhandayuthapany/Gowsalya Shnmugam 2901 Birchena Crescent West Bloomfield Oakland MI 48324 Michigan Tax Appeal 436 N Center St., Northville, MI 48167 6 21 Family room Nook Living room Kitchen Lav Laundry
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Produced by ClickFORMS Software 800-622-8727 File No. Owner Property Address City County State Zip Code Client Address Page of Darby Appraisers, LLC 26-100016 Aurnshankar Dhandayuthapany/Gowsalya Shnmugam 2901 Birchena Crescent West Bloomfield Oakland MI 48324 Michigan Tax Appeal 436 N Center St., Northville, MI 48167 7 21 Interior of garage Den Basement recreation room Basement kitchen (newer/assumed after effective date of appraisal) Basement bedroom Basement bath (newer/assumed to be after effective date of appraisal)
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Produced by ClickFORMS Software 800-622-8727 File No. Borrower Property Address City County State Zip Code Lender/Client Address COMPARABLE SALE # COMPARABLE SALE # COMPARABLE SALE # Page of Darby Appraisers, LLC COMPARABLES 1-2-3 26-100016 2901 Birchena Crescent West Bloomfield Oakland MI 48324 Michigan Tax Appeal 436 N Center St., Northville, MI 48167 1 7806 Circle Blvd West Bloomfield, MI 48323 2 6745 Woodside Trail West Bloomfield, MI 48322 3 2406 Island View West Bloomfield, MI 48323 8 21
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Produced by ClickFORMS Software 800-622-8727 Page of Darby Appraisers, LLC URAR Addendum General: This appraisal report is stating a market value for the subject property that is consistent with the requirements of federal law (12 CFR part 34) and consistent with the definition given within the FNMA form. Expanded Scope of Work: The appraiser will perform a complete visual inspection of the interior and exterior areas of the subject property. The appraiser's inspection of the subject property will focuses on the following: to confirm the geographic location of the subject property; to confirm the approximate square footage of the site and the improvements as applicable; to confirm its internal and external amenities; to consider different types of depreciation (when applicable) and their affect (if any) on value and/or marketability; to photograph the subject property; and to consider the overall quality and condition of the subject property's improvements, or lack thereof. The appraiser will inspect the neighborhood. The appraiser will inspect each of the comparable sales from at least the street. The appraiser is not qualified as a building inspector. The appraiser will not inspect the integrity of the property beyond visual inspections and basic functionality are required by the client. Basic on/off tests may be necessary. The appraiser will make a priority to include at least one comparable sale from within the subject's defined neighborhood giving preference to properties in the same subdivision. This may require using older sales. The appraiser will make a priority to include at least one comparable sale that has sold within 90 days of the inspection. This may require going outside the defined neighborhood. The appraiser will attempt to bracket significant features in the sales comparison grid with values higher and lower than the subject. Gross Living Area, Sale Price, and Adjusted Sale Price are some of the primary significant features. Property ownership will be based on municipality or county records with the extraordinary assumption of Fee Simple property rights unless otherwise noted. The appraiser will use the source closest to the originator of the record when there are differences. The sales comparison approach is considered the best indicator of market value. The cost and/or income approaches may be omitted unless required by the client or contain relevant insight toward market value. Cost to cure estimates should have the source and/or method noted. The estimate should not be considered a formal bid or a statement of fact by the appraiser. Site Condos are prevalent in the market area and have more in common with single family residential properties than traditional condominiums. Their appearance and functional utility are nearly identical to single family residential properties. They will be reported on single family residential forms when they are the subject. Site Condos will be treated as single family residential properties for sales comparison. Significant differences will be noted. Revisions to this report shall be noted in the report with a revision date. Intended Use Restriction: Any use of this appraisal report that does not fall within this stated intended use is strictly prohibited. Intended User Restriction: This appraisal and report may be inappropriate for other uses and jeopardize the user. This appraisal may not be used or relied on for any use except the stated intended use. The appraiser, appraiser's firm, and related parties assume no obligation, liability, or accountability for any other use. Definitions: – Highest and Best Use As defined by The Appraisal of Real Estate, Twelfth Edition: "Highest and best use is the reasonably probable and legal use of vacant land or an improved property that is physically possible, legally permissible, appropriately supported, financially feasible and that results in the highest value." Extraordinary Assumption (EA) - As defined by USPAP: “all assumption, directly related to a specific assignment, which, if found to be false, could alter the appraiser's opinions or conclusions.” Hypothetical Condition (HC) - As defined by USPAP: “that which is contrary to what exists but is supposed for the purpose of analysis.” Condition Words - The use of words, average, typical, and/or good may be used when describing the conditions of the subject, comparable sales, or features of each. The appraiser's use of these words is meant to reflect the appraiser's perception as it relates to market value of the subject property and the comparable sales. The condition statements are not to be consider that of an expert on the feature being evaluated. 9 21
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Produced by ClickFORMS Software 800-622-8727 COMMENT ADDENDUM File No. Borrower Property Address City County State Zip Code Lender/Client Address Page of Darby Appraisers, LLC 26-100016 2901 Birchena Crescent West Bloomfield Oakland MI 48324 Michigan Tax Appeal 436 N Center St., Northville, MI 48167 SITE HIGHEST/ BEST USE Rationale for opinion of highest and best use: the subject property as improved (or as proposed if per plans/specs) is the highest and best use of the subject property as improved based on the definition of highest and best use found in the appraisal of real estate, twelfth edition: , described below: "Highest and best use is the reasonably probable and legal use of vacant land or an improved property that is physically possible, legally permissible, appropriately supported, financially feasible and that results in the highest value." SUMMARY OF SALES COMPARISON APPROACH After adjustments, all comparables are considered in the final estimate of value. In order to find the most relevant comparables, it was necessary to exceed the recommended distance guidelines. Location adjustments are applied to reflect the typical buyer's reaction. Comparable #1 is utilized for it's date of sale, style, quality, condition, bath count, similar GLA (gross living area) and garage utility. This home has a second detached garage. An adjustment is applied to reflect the typical buyer's reaction. This comparable is given the most weight for it's overall similarities. Comparable #2 is utilized for it's date of sale, style, quality, bath count, basement type, overall basement finish and garage utility. This home has received superior updating when compared to the subject. A condition adjustment is applied to reflect the typical buyer's reaction. This comparable is located in a superior market supported by the Birmingham school district. A large location adjustment is applied to reflect the typical buyer's reaction. Comparable #3 is utilized for it's date of sale, location in a lake community, style, qulaity, to bracket condition on the low side, basement type and garage utility. From the interior photos provided in the listing, it appears that this home was in inferior condition to compared to the subject and in need of some significant repairs. A condition adjustment is applied to reflect the typical buyer's reaction. Adjustments are derived utilizing paired sales/group analysis and are supported by the comparable sales utilized in the sales grid. Every effort was made to locate comparable sales similar to the subject property in location, number of bedrooms, square footage and overall appearance and appeal. All sales utilized are considered the best indicators of value available at the time of this appraisal. 10 21
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Produced by ClickFORMS Software 800-622-8727 SKETCH ADDENDUM File No. Borrower Property Address City County State Zip Code Lender/Client Address Page of Darby Appraisers, LLC 26-100016 2901 Birchena Crescent West Bloomfield Oakland MI 48324 Michigan Tax Appeal 436 N Center St., Northville, MI 48167 11 21
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Produced by ClickFORMS Software 800-622-8727 File No. LOCATION MAP ADDENDUM Borrower Property Address City County State Zip Code Lender/Client Address Page of Darby Appraisers, LLC 26-100016 2901 Birchena Crescent West Bloomfield Oakland MI 48324 Michigan Tax Appeal 436 N Center St., Northville, MI 48167 12 21
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Produced by ClickFORMS Software 800-622-8727 AERIAL MAP ADDENDUM File No. Borrower Property Address City County State Zip Code Lender/Client Address Page of Darby Appraisers, LLC 26-100016 2901 Birchena Crescent West Bloomfield Oakland MI 48324 Michigan Tax Appeal 436 N Center St., Northville, MI 48167 13 21
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Produced by ClickFORMS Software 800-622-8727 File No. PLAT MAP Owner Property Address City County State Zip Code Client Address Page of Darby Appraisers, LLC 26-100016 Aurnshankar Dhandayuthapany/Gowsalya Shnmugam 2901 Birchena Crescent West Bloomfield Oakland MI 48324 Michigan Tax Appeal 436 N Center St., Northville, MI 48167 14 21
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Produced by ClickFORMS Software 800-622-8727 UNIFORM APPRAISAL DATASET (UAD) File No. Property Condition and Quality Rating Definitions Requirements - Condition and Quality Ratings Usage Appraisers must utilize the following standardized condition and quality ratings within the appraisal report. Condition Ratings and Definitions C1 The improvements have been recently constructed and have not been previously occupied. The entire structure and all components are new and the dwelling features no physical depreciation. Note: Newly constructed improvements that feature recycled or previously used materials and/or components can be considered new dwellings provided that the dwelling is placed on a 100 percent new foundation and the recycled materials and the recycled components have been rehabilitated/remanufactured into like-new condition. Improvements that have not been previously occupied are not considered "new" if they have significant physical depreciation (that is, newly constructed dwellings that have been vacant for an extended period of time without adequate maintenance or upkeep). C2 The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs. Virtually all building components are new or have been recently repaired, refinished, or rehabilitated. All outdated components and finishes have been updated and/or replaced with components that meet current standards. Dwellings in this category are either almost new or have been recently completely renovated and are similar in condition to new construction. Note: The improvements represent a relatively new property that is well maintained with no deferred maintenance and little or no physical depreciation, or an older property that has been recently completely renovated. C3 The improvements are well maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not every major building component, may be updated or recently rehabilitated. The structure has been well maintained. Note: The improvement is in its first-cycle of replacing short-lived building components (appliances, floor coverings, HVAC, etc.) and is being well maintained. It's estimated effective age is less than its actual age. It also may reflect a property in which the majority of short-lived building components have been replaced but not to the level of a complete renovation. C4 The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has been adequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major building components have been adequately maintained and are functionally adequate. Note: The estimated effective age may be close to or equal to its actual age. It reflects a property in which some of the short-lived building components have been replaced, and some short-lived building components are at or near the end of their physical life expectancy; however, they still function adequately. Most minor repairs have been addressed on an ongoing basis resulting in an adequately maintained property. C5 The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs, rehabilitation, or updating. The functional utility and overall livability are somewhat diminished due to condition, but the dwelling remains useable and functional as a residence. Note: Some significant repairs are needed to the improvements due to the lack of adequate maintenance. It reflects a property in which many of its short-lived building components are at the end of or have exceeded their physical life expectancy but remain functional. C6 The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety, soundness, or structural integrity of the improvements. The improvements are in need of substantial repairs and rehabilitation, including many or most major components. Note: Substantial repairs are needed to the improvements due to the lack of adequate maintenance or property damage. It reflects a property with conditions severe enough to affect the safety, soundness, or structural integrity of the improvements. Page of (Updated 1/2014) Darby Appraisers, LLC 26-100016 15 21
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Produced by ClickFORMS Software 800-622-8727 UNIFORM APPRAISAL DATASET (UAD) Property Condition and Quality Rating Definitions File No. Quality Ratings and Definitions Q1 Dwellings with this quality rating are usually unique structures that are individually designed by an architect for a specified user. Such residences typically are constructed from detailed architectural plans and specifications and feature an exceptionally high level of workmanship and exceptionally high-grade materials throughout the interior and exterior of the structure. The design features exceptionally high-quality exterior refinements and ornamentation, and exceptionally high-quality interior refinements. The workmanship, materials, and finishes throughout the dwelling are exceptionally high quality. Q2 Dwellings with this quality rating are often custom designed for construction on an individual property owner's site. However, dwellings in this quality grade are also found in high-quality tract developments featuring residences constructed from individual plans or from highly modified or upgraded plans. The design features detailed, high-quality exterior ornamentation, high-quality interior refinements, and detail. The workmanship, materials, and finishes throughout the dwelling are generally of high or very high quality. Q3 Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans in above-standard residential tract developments or on an individual property owner's site. The design includes significant exterior ornamentation and interiors that are well finished. The workmanship exceeds acceptable standards and many materials and finishes throughout the dwelling have been upgraded from "stock" standards. Q4 Dwellings with this quality rating meet or exceed the requirements of applicable building codes. Standard or modified standard building plans are utilized and the design includes adequate fenestration and some exterior ornamentation and interior refinements. Materials, workmanship, finish, and equipment are of stock or builder grade and may feature some upgrades. Q5 Dwellings with this quality rating feature economy of construction and basic functionality as main considerations. Such dwellings feature a plain design using readily available or basic floor plans featuring minimal fenestration and basic finishes with minimal exterior ornamentation and limited interior detail. These dwellings meet minimum building codes and are constructed with inexpensive, stock materials with limited refinements and upgrades. Q6 Dwellings with this quality rating are of basic quality and lower cost; some may not be suitable for year-round occupancy. Such dwellings are often built with simple plans or without plans, often utilizing the lowest quality building materials. Such dwellings are often built or expanded by persons who are professionally unskilled or possess only minimal construction skills. Electrical, plumbing, and other mechanical systems and equipment may be minimal or non-existent. Older dwellings may feature one or more substandard or non-conforming additions to the original structure. Page of Requirements - Definitions of Not Updated, Updated and Remodeled Not Updated Little or no updating or modernization. This description includes, but is not limited to, new homes. Residential properties of fifteen years of age or less often reflect an original condition with no updating, if no major components have been replaced or updated. Those over fifteen years of age are also considered not updated if the appliances, fixtures, and finishes are predominantly dated. An area that is 'Not Updated' may still be well maintained and fully functional, and this rating does not necessarily imply deferred maintenance or physical/functional deterioration. Updated The area of the home has been modified to meet current market expectations. These modifications are limited in terms of both scope and cost. An updated area of the home should have an improved look and feel, or functional utility. Changes that constitute updates include refurbishment and/or replacing components meet existing market expectations. Updates do Remodeled Significant finish and/or structural changes have been made that increase utility and appeal through complete replacement and/or expansion. A remodeled area reflects fundamental changes that include multiple alterations. These alterations may include some or all of the following: replacement of a major component (cabinet(s), bathtub, or bathroom tile), relocation of plumbing/gas fixtures/appliances, significant structural alterations (relocating walls, and/or the addition of square footage). This would include a complete gutting and rebuild. Explanation of Bathroom Count Three-quarter baths are counted as a full bath in all cases. Quarter baths (baths that feature only a toilet) are not included in the bathroom count. The number of full and half baths is reported by separating the two values using a period, where the full bath count is represented to the left of the period and the half bath count is represented to the right of the period. Example: 3.2 indicates three full baths and two half baths. (Updated 1/2014) not include significant alterations to the existing structure. Darby Appraisers, LLC 26-100016 16 21
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Produced by ClickFORMS Software 800-622-8727 UNIFORM APPRAISAL DATASET (UAD) Property Description Abbreviations Used in This Report File No. Abbreviation Full Name May Appear in These Fields Page of A ac AdjPrk AdjPwr ArmLth AT B ba br BsyRd c Cash Comm Conv cp CrtOrd CtySky cv DOM DT dw e Estate FHA g ga gbi gd GlfCse Glfvw GR HR in Ind Listing Lndfl LtdSght MR Mtn N NonArm o O op Prk Adverse Acres Adjacent to Park Adjacent to Power Lines Arms Length Sale Attached Structure Beneficial Bathroom(s) Bedroom Busy Road Contracted Date Cash Commercial Influence Conventional Carport Court Ordered Sale City View Skyline View City Street View Covered Days On Market Detached Structure Driveway Expiration Date Estate Sale Federal Housing Administration Garage Attached Garage Built-In Garages Detached Garage Golf Course Golf Course View Garden High Rise Interior Only Stairs Industrial Listing Landfill Limited Sight Mid Rise Mountain View Neutral Non-Arms Length Sale Other Other Park View Location & View Area, Site Location Location Sales or Financing Concessions Design (Style) Location & View Basement & Finished Rooms Below Grade Basement & Finished Rooms Below Grade Location Date of Sale/Time Sale or Financing Concessions Location Sale or Financing Concessions View View Garage/Carport Data Sources Date of Sale/Time Garage/Carport Design (Style) Garage/Carport Garage/Carport Garage/Carport Sale or Financing Concessions Sale or Financing Concessions Sale or Financing Concessions Garage/Carport Garage/Carport Location View Design (Style) Design (Style) Basement & Finished Rooms Below Grade Location & View Sales or Financing Concessions Location View Design (Style) View Location & View Sale or Financing Concessions Basement & Finished Rooms Below Grade Design (Style) Garage/Carport View CtyStr Open Pstrl PwrLn PubTrn Relo REO Res RH rr RT s SD Short sf sqm Unk VA w wo Woods Wtr WtrFr wu Pastoral View Power Lines Public Transportation Relocation Sale REO Sale Residential USDA - Rural Housing Recreational (Rec) Room Row or Townhouse Settlement Date Semi-detached Structure Short Sale Square Feet Square Meters Unknown Veterans Administration Withdrawn Date Walk Out Basement Woods View Water View Water Frontage Walk Up Basement View View Location Sale or Financing Concessions Sale or Financing Concessions Location & View Sale or Financing Concessions Basement & Finished Rooms Below Grade Design (Style) Date of Sale/Time Design (Style) Sale or Financing Concessions Area, Site, Basement Area, Site Date of Sale/Time Sale or Financing Concessions Date of Sale/Time Basement & Finished Rooms Below Grade View View Location Basement & Finished Rooms Below Grade (Updated 1/2014) Darby Appraisers, LLC 26-100016 RCMI Realcomp II Ltd MLS Multiple Listing Service PRD Public Records SEMCOG Southeast Michigan Council of Governments 17 21
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Produced by ClickFORMS Software 800-622-8727 File No. This appraisal report is subject to the scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. The Appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) research, verify, and analyze data from reliable public and/or private sources, and (2) report his or her analysis, opinions, and conclusions in this appraisal report. DEFINITION OF MARKET VALUE:The definition of market value is 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, 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 each acting in what he or she considers his or her own best interest; (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. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser may have provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. 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 this appraisal report whether any portion of 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. 4. 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, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, 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 research involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. 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, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. NL - General Certification 5/2007 This form may be reproduced unmodified without written permission, however, Bradford Technologies, Inc. must be acknowledged and credited. Page of Darby Appraisers, LLC 26-100016 18 21
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Produced by ClickFORMS Software 800-622-8727 File No. APPRAISER'S CERTIFICATION: I certify that, to the best of my knowledge and belief: 1. 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. 2. I have have no present or prospective interest in the property that is the subject of this report and have no personal interest with respect to the parties involved. 3. I have not performed 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. 4. I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5. My engagement in this assignment was not contingent upon developing or reporting predetermined results. 6. 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 this 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. 7. My analyses, opinions, and conclusions, were developed, and this report has been prepared, in conformity, with the Uniform Standards of Professional Appraisal Practice 8. I have have not made a personal inspection of the property that is the subject of this report. 9. Unless otherwise noted, no one has provided significant real property appraisal assistance to the person signing this certification. 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. I 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) Signature Signature Name Name Company Name Company Name Company Address Company Address Telephone Number Telephone Number Email Address Email Address Date of Signature and Report Date of Signature Effective Date of Appraisal State Certification # State Certification # or State License # or State License # State or Other (describe) State # Expiration Date of Certification or License State Expiration Date of Certification or License SUBJECT PROPERTY ADDRESS OF PROPERTY APPRAISED Did not inspect subject property Did inspect exterior of subject property from street Date of Inspection APPRAISED VALUE OF SUBJECT PROPERTY $ Did inspect interior and exterior of subject property CLIENT Date of Inspection Contact Client Name COMPARABLE SALES Client Address Did not inspect exterior of comparable sales from street Did inspect exterior of comparable sales from street Email Address Date of Inspection NL - General Certification 5/2017 This form may be reproduced unmodified without written permission, however, Bradford Technologies, Inc. must be acknowledged and credited. Page of have have performed Darby Appraisers, LLC 26-100016 X X X X Erica Darbyshire Darby Appraisers, LLC 310 Creedmore Street Commerce Twp, MI 48382 248-985-2187 erica@darbyshirellc.com 10/19/2026 12/31/2024 1204069002 MI 07/31/2027 2901 Birchena Crescent West Bloomfield , MI 48324 400,000 Michigan Tax Appeal 436 N Center St. Northville, MI 48167 X 19 21
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Produced by ClickFORMS Software 800-622-8727 File No. APPRAISAL COMPLIANCE Borrower/Client Address Unit No. City County State Zip Code Lender/Client 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). 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 arrived at the opinions and conclusions set forth in the report may not be understood properly without the additional information in the appraiser's workfile. ADDITIONAL CERTIFICATIONS I 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, I 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, I 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 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, I 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 any implementing regulations. PRIOR SERVICES . I have NOT performed services, as an appraiser or in another capacity, regarding the property that is the subject of the report within the three-year period immediately preceding acceptance of this assignment. . IHAVE performed services, as an appraiser or in another capacity, regarding the property that is 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 . I HAVE made a personal inspection of the property that is the subject of this report. . I 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. ADDITIONAL COMMENTS Additional USPAP related issues requiring disclosure and/or any state mandated requirements: MARKETING TIME AND EXPOSURE TIME FOR THE SUBJECT PROPERTY A reasonable marketing time for the subject property is day(s) utilizing market conditions pertinent to the appraisal assignment. A reasonable exposure time for the subject property is day(s). APPRAISER SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Signature Name Name Date of Signature Date of Signature State Certification # State Certification # or State License # or State License # State State Expiration Date of Certification or License Expiration Date of Certification or License Supervisory Appraiser Inspection of Subject Property: Effective Date of Appraisal Did Not Exterior Only from street Interior and Exterior USPAP Compliance Page of Darby Appraisers, LLC 26-100016 2901 Birchena Crescent West Bloomfield Oakland MI 48324 Michigan Tax Appeal X X X Appraisers are required to be licensed in the State of Michigan and are regulated by the Department of Licensing and Regulatory Affairs. PO Box 30018, Lansing, Michigan, 48909 X X 90 90 Erica Darbyshire 10/19/2026 1204069002 MI 07/31/2027 12/31/2024 20 21
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Produced by ClickFORMS Software 800-622-8727 File No. Appraiser License Certificate Page of 26-100016 21 21 . . apn File No. 26-100016 Appraiser License Certificate DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS BUREAU OF PROFESSIONAL LICENSING P.O. BOX 30670 LANSING, MI 48809 STATE ©F RICHIGAN - BEFARTHENT OF LICENSING AND REGULATORY AFFAIRT BUREAU OF PROFEESIONAL LICENSING CERTIFIED RESIDENTIAL REAL ESTATE APPRAISER LICENSE ERICA SCOTT DARBYSHIRE LICENSE No- EXFIRATION BATE 12040k9002 07/31/2027 25k47k40507 ERICA SCOTT DARBYIHIRE 3L0 CREEDMORE ST COMMERCE TWP. MI 48382 COMPLAINT INFORMATION: THE ISSUANCE OF THIS LICENSE SHOULD NOT BE CONSTRUED AS AWAIVER, 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 BPLHELFEMICHIGAN.GOV OR CALL (517) 241-0183 ERETIHEN CAVE ITHER R STATE OF MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS BUREAU OF PROFESSIONAL LICENSING CERTIFIED RESIDENTIAL REAL ESTATE APPRAISER LICENSE ERICA SCOTT DARBYIHIRE THE DOCUMENT 15. DULY LICENSE Noo EXPIRATION BATE FSSLED UMDER THE LAWS OF L2040L9002 07/31/2027 25147140507 THE STATE OF MICHIGAN Produced by ClickFORMS Software 800-622-8727 Page 21 of 21