McCullough.pdf
Wayne R McCullough Petitioner V Township Of Scio Respondent · 26-002260-TT
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Page 1
STATE OF MICHIGAN
DOCKET NUMBER
DEPARTMENT OF LABOR & ECONOMIC GROWTH
PROPERTY TAX APPEAL
MICHIGAN TAX TRIBUNAL
PETITION FORM
SMALL CLAIMS DIVISION
Failure to complete this form, including signature, and return it by filing deadline will result in dismissal.
If additional space is needed to provide the information requested, please use a separate sheet,
1. Petitioner(s) Name and Address
2. Agent or Attorney {if any) Name and Address
Wayne R. McCullough
3404 Oak Hollow Dr
Ann Arbor, Mi 48103
ioner"
i
734) 302-
Petitioner's Daytime Phone No._
(734)
302-7546
AgentAttorney Phone No,
f
.
(residential, agricultural, personal, commercial, industrial, timber cutover,
3. Classification of property
Residential
personal utility, developmentat)
4. Location of Property:
City
Local School District:
OR
County_Washtenaw
Township, C10
Ann Arbor
5.
Did Petitioner protest to the Board of Review?
®
Yes
O
No
If no, please check ali applicable reasons below and explain in the
space provided.
| The Assessment Change Notice was not properly sent to Peitioner prior to the March Board of Review.
1 Petitioner is appealing within 30 days of issuance of notice of action taken by July or December Board of R
[i] Petitioner Is appealing a Clerical Trior or Mutua! Ristake of Fact,
Cl] Petitioner is appealing within 30 days of issuance of a State Tax Commission Order.
J Petitioner is appealing within 35 days of receipt of Notice of Taxable Value Uncapping.
|
6.
Did Petitioner request a Poverty Exemption at the Board of Review?
O
Yes
®
No
7. Check the reason for this appoal an
The property's true cash value and laxable value are incorrect, (SCE Line by Line Instructions.)
[I] The property's taxable value only is incorrect.
the uncapping of the property's taxable value is improper.
[I] Petitioner was ¢
[I] Petitioner was denied a poverly exermplion.
8. Provide the Board of Review's determination of the state equalized or assessed value and taxable value for each parcel, for each tax year being
appealed.
Parcel! Number
Tax Yeo:
H-08-01-300-031
2026Page 2
9. Provide Petitioner's contention or belief of the true cash ( fair market) value and taxable value for each parcel, for each tax year being appealed
Parcel Number
Tax Year
True Cash (Fair Market) Value
Taxable Value Contention
Contention
H-08-01-300-031
2026
$1,500,000.00
$750,000.00
10.
Explain the basis of your appeal.
A substantial increase in assessed property value (939,600) was implemented over the original
taxable value (862,422).
This increase is not substantiated in either market value or a current market
annraical (attached)
_Consideration-is-notaiven-to-the Natural Preservation-E
+ (attacrhad)
n
Easemen
appraisa(atatnea)-CoRSiGeratonISNoTgiventohc attra
ro stihvatoim=dao
inet {atacnety):
11. Does the property have a principal residence exemption of at least 50% for the tax year(s) at issue?
® Yes: Petitioner is not required to pay a fee for the filing of this appeal.
fe) No: Petitioner is required to pay a fee for the filing of the appeal. (See Fee Schedule.)
Failure to remit a required fee with this Form may result in dismissal.
Amount Paid:
If using an agent or attorney, only agent or attorney is required to sign:
A
in
[
NCQ
If not using an agent or attorney, Petitioner is required to sign:
ou
a
f
Y)
PLEASE RETURN THE ORIGINAL AND ONE COPY OF THIS COMPLETED FORM WITH TWO COPIES OF ANY ATTACHMENTS to: Michigan Tax Tribunal, PO Box
30232, Lansing, MI 48909.
Keep a copy of the Form and any original attachments for your records.
The Department of Labor & Economic Growth will not discriminate against any individual or group because of race, sex, religion, age, national origin, color,
marital status, disability or political beliefs.
If you need assistance with reading, writing, hearing, etc., under the Americans with Disabilities Act, you may make
your needs known to this agency.
For further information, please contact the Tribunal at:
PH: (517) 373-3003
Web Site: www.Michigan.gov/taxtribunal
E-mail: taxtrib@Michigan.gov
TT262 Revised 01/05
1973 PA 186, As AmendedPage 3
03/16/2026 03:04 PM 2026 BOARD OF REVIEW DECISION FROM $CI0 TOWNSHIP ASSESSOR 827 N ZEEB RD ANN ARBOR, MI 48103-1599 | | NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL: MCCULLOUGH, WAYNE R & MICHE 3404 OAK HOLLOW DR ANN ARBOR MI 48103-8801 PROPERTY IDENTIFICATION: (Parcel Code required. Properly sires and legal description optional.); H -08-01-300-031 3404 OAK HOLLOW D COM AT SW COR SEC 1, T2S, RSE; TH 8 85-15-55 E 75.| oh FT; THN 02-04-10 E 4.12 FT TO POB; TH N 86-51-21 E 182. 32 FT; THN 60-18-30 E 188.79 FT; TH N 04-44-59 IE 191.41 FT; THN 56-35-53 E SO FT; TH 92.04 FT ALG ARC OF CRV TO LEFT, RAD 266 FT, CENT ANG 19-49-28, CHD S 43-18-51 E 91.58 FT; TH 8 53-13-35 E 46.54; TH 75.68 FT ALG ARC OF CRV TO LEFT, RAD 263 FT, CENT ANG 16-29-16, CHD § 61-28-13 E 75. 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 H -08-01-300-031 ‘They have made the following determination based on the information you supplied. Board of Review Comments NO CHANGE, INSUFFICIENT EVIDENCE SUBMITTED [2026 ORIGINAL ASSESSED VALUE 939,600 1 [2026 "BOARD OF REVIEW" ASSESSED VALUE 939,600 | | (If the above amounts are the same, no revisions have occured) 2026 ORIGINAL TAXABLE VALUE 862,422 : 2026 "BOARD OF REVIEW" TAXABLE VALUE 862,422 2026 PRINCIPAL RESIDENCE EXEMPTION/QUALIFIED AG 100.0000 Please feel fice 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 peiition to initiate a new Small Claims appeal. Petition forms are available on this website.” hitp://www.michigan.gov/taxtrib/0,4677,7-187-38254---,00.html
Page 4
Michigan Department of Treasury, 1019 (Rev. 10-25) THIS IS NOT A TAX BILL MEoR 26—1¢ L-4400 Notice of Assessment, Taxable Valuation, and Property Classification This form is issued under the authority of Public Act 206 of 1893, Sec. 211.24c and Sec 21 1.34c, as amended. This is a model assessment notice to be used by the local assessor. FROM SCIO TOWNSHIP ASSESSOR 827 N ZEEB RD ANN ARBOR, MI 48103-1599 PARCEL IDENTIFICATION PARCEL NUMBER: H -08-01-300-031 PROPERTY ADDRESS: 3404 OAK HOLLOW DR ANN ARBOR, MI 48103 SCHOOL DISTRICT CODE: 81010 OWNER'S NAME & ADDRESS/PERSON NAMED ON ASSESSMENT ROLL: 857 EXEMPTIONS *x4kE*4RAUTO*#5-DIGIT 48103 T2 D1 Hi % Exempt As "Homeowners Principal Residence": 100.00% MCCULLOUGH, WAYNE R & MICHELE P % Exempt As "Qualified Agricultural Property": 1.00% 3404 OAK HOLLOW DR N Ih ANN ARBOR, MI 48103-8801 % Exempt As "MBT Industrial Personal": 00% THERA A LY TY A LE LU TL % Exempt As "MBT Commercial Personal”; 00% Exempt As "Disabled Veteran or Surviving Spouse": [J Yes No Exempt As "Qualified Forest Property": O Yes [X] No Exempt As "Development Property": [1] Yes X] No LEGAL DESCRIPTION: COM AT SW COR SEC 1, T2S, RSE; TH S 85-15-55 E 75.08 FT; TH N 02-04-10 E 4.12 FT TO POB; TH N 86-51-21 E 182.32 FT: TH N 60-18-30 E 188.79 FT; TH N 04-44-59 E 191.41 FT; TH N 56-35-53 E 50 FT; TH 92.04 FT ALG ARC OF CRV TO LEFT, RAD 266 FT, CENT ANG 19-49-28, CHD S 43-18-51 E 91.58 FT; TH S 53-13-35 E 46.54: TH 75.68 FT ALG ARC OF CRV TO LEFT, RAD 263 FT, ACCORDING TO MCL 211.34c THIS PROPERTY IS CLASSIFIED AS: 401 Residential PRIOR YEAR'S CLASSIFICATION IF DIFFERENT: 401 Residential The change in taxable value will increase/decrease your tax bill PRIOR AMOUNT CURRENT CHANGE FROM > TENTATIVE AMOUNT YEAR TO forthe 2026 year by approximately: ggs57 YEAR: 2025 YEAR: 2026 PRIOR YE ao 1. TAXABLE VALUE: 839,749 862,422 122,673 2. ASSESSED VALUE: 849,900 939,600 189,700 3. TENTATIVE EQUALIZATION FACTOR: 1.000 FasES = 4. STATE EQUALIZED VALUE (SEV): 849,900 939,600 89,700 5. WAS THERE A TRANSFER OF OWNERSHIP IN025 THAT RESULTED IN A TAXABLE VALUE UNCAPPING? [Yes No 6. Assessor Change Reason(s): Market Adjustment The 2026 Inflation rate Multiplier is: 1.027 oo ] Questions regarding the Notice ot Assessment, Taxable Valuation, and Property Classification may be directed to the Following: Name: Telephone Number: Email Address: ANDREA L. GARRETT (734) 369-9400 ASSESSING@SCIOTOWNSHIPMI.GOV March Board of Review Appeal Information. The Board of Review will meet at the following dates and times:
Page 5
APPRAISAL OF REAL PROPERTY LOCATED AT 3404 Oak Hollow Dr Ann Arbor, MI 48103 See attached addenda. FOR Wayne & Michele McCullough OPINION OF VALUE 1,500,000 AS OF 04/1412026
Page 6
[STIS —
RESIDENTIAL APPRAISAL REPORT
Pde: _ 23345
Popily MISS.
3404 Oak Hollow Dr
OY: Ann Arbor
Sas: MT
TC 48103
Cory.
Washtenaw
tegDessiplot
See attached addenda,
5
Ass’ Pace #2
H-08-01-300-031
Rv
2025
RE Tas § 32,065+/-
Special Assessments: §
Boos
(f spbcable):
13
Gumen Gumat of Record:
Wayne & Michele MeCullough
Occupant
Gur
[JTesd
|
[Ved
[[
] Vendichind housing
‘Project Type:
[JAD
[7] Cooma
[7] Cocgperatiie
[] Other [dasesda}
HAS
[ery
[7] permonth
|
Maat hres Hams:
Selo Township
Hap Balers: 11460
Coaus Tact 4530.00
|
The purposes OTS eppraisal Is 10 Gyveop a0 0pFion oF
I
Fatal Vain {as defend), of
TE) other typs of ves {Bescrita)
Tis raport rect the folowing vale (1 ol Gumen, see coments):
DR] Cuter {fe inspection Data
th Elective Date)
TJ Respective
1 Prospects
[patos
dohond for 5 spit
TR] Sees Comparison Approach
5 Cost Approach
[| income Approweh
{Seo Reconeliation
Comvnants and Scope of Wied)
{rope
lghs Rope:
DQ Feesimh
| | easehod
|] beaosdFes
|] Gow (oesorde)
Z{endedUss.
Estimate opinion of value for tax assessment,
4 andad Users) By namo or ysa):
Wayne & Michele McCullough
Gn:
Wayne & Michele McCullough
Ass.
3404 Ook Hollow Drive, Ann Arbor, MI 48103
Mppasit
pean W. Dryer
Mins.
PO Box 1265, Ann Arbor, MI 48106-1265
Location:
[3 tan
Skuta
| | Red
Predominant
One-Unit Housing
Present Land Use
Changeln
Land Ute
Baw:
30 Over 75%
[REZ]
Occupancy
PRKE
ME
orem
60% | DY Nettiey
Growth tale:
] re
[7] sow
{5
omer
$00)
[dum
$F uays
[J whoest
leo
[Joey
5) ute
[7] Dectning
tenant
400
lw
g
[wim
%| Te:
© {omg
[] Shoes
50 ingalscs
[Over Supply
Vata (05%)
2,000
Mah
go
| Comm
4
oF |Matctogtine:
[OR Untordtos.
[] 36Mes
[Orbos
| [] Vacant (>5%)
700
Pet
30
[Vacant
0%
4 Market Area Boundariss, Descrigtion, and Market Conaiions {inching support
for the 2bova characteristics and tends):
Joy rond borders the area to the north,
&| Maple road to east, Huron River Drive to the south and Delhi road fo the west. The nelghborhood is Jocated within the township of Scio,
2! approximately 3 miles northwest of the Ann Arbor city limits. This area Is also located within the Ann Arbor area school district, Homes In the area
fi!
are comprised of various styles, sizes and ages and are improved on acreage sites that range from J fo 2 acres In size. Most of the housing in the ares
£!
1s of gaod quality construction and at the upper price levels for the Ann Arbor area. The Huron River runs east aud west through the neighborhood.
2
The demand for vacant and improved property in the subject's neighborhood has historically been strong due to its proximity to Ann Arbor and the
|
river.
Omisons”
frregular - See Attached Plat Map
mAs
2.60 ac
Loring Classicaton:
Al
Deseiglon.
General Agriculture
Toning Compsance:
TJ lett
[7 Legal noncorfoming {grandtahered)
[Teed
|] Hozoring
A CCBRS appicaba?
TT%
[JH
[]Umvown
Haw bo Gocumenis
bean rovensd]
TJ
Vis [Ho
Groond
Rent if appliosbi)
§
7
Highest
& Bact Use as Improved
Prswtuss,o
| | Obereso(epiEn)
Highest and best use for the subject is its current use as a single family
dwelling,
| Actud
Use as of Efctie De:
Single Family Dwelling
Ush as appreissd i tis port
Single Family Dwelling
Summary of Highast & Bast Use:
The most probable use of Iaud or §mproved property that is legally possible, physically
possible, financially feasible
g (and appropriately supportable) from the market, and which results in maximum profitability,
2 { Utiites
Pb
Omer
ProvidsyDescipton
Off-shte Emprovements
Type
Putte
Priva | Topography
Slopes to Street
2] serery
®
OO
sw
Asphalt
0
ty
“Typleal For Area
Bless
Md
Cl
CubGAH
None
Oo
oO
[sa
Irregular
Hater
0
8
we
Sidowak
None
[1
[3
[oan
Appears Adequate
Clswmyswor
[7
BO
Septic
smtlehs
None
0
OO
ve
Wooded
|
stom Sewer
[J
[1
None
Ney
None
jm
Ger ste ements:
BQ be lot
|] Comarlot
Clee
[A Undergo
tikes
|] Oba (desc)
[Fi
SpecT Rood Hazard Area
[Ves
DX fo FMAmedlne
x
FMARDE
26161C0235E
AMPH
4/3/2012
Sts Comments:
“The subject slte has « conservation easement af the rear portion of the site that includes approximately 3/4 of an acre. The use of the
easement area Is restricted and does not allow any improvements such as a shed, fencing,
pool or the planting of trees, There Is insufficient data
f
available to the appraiser to determine the effect ihe easement has on the subject's value; however, some reduction in value should be considered due
|
fo the limited use of this restricted arca.
[Genwi Deserfpion
Exterior Descrighon
Foandaion
Basement
Them
[Featog
Sp
#olunts
1
{3 Mota
| founsation
Concrete
Lad
NA
AeaSeR
3,253
Tipe
BIAiv
dolores
BtaiorWals
Brick
CaniSpics
N/A
Hhrisd
g
Fut
Gas
we Ro Ja
fool Sutate
Asphalt Shy
Bsement
100%
Ceing
Ont)
Ranch
Oued
Aluminum
samp pump
BK)
vies
Cooking
IR pisng
[Proposed
[] Und0ons.
| WadowType
Casement
barges
[7]
Foot
Cel
Central Ale
| Acrnt ago is)
2022
StamyScasns
Screens
Setmet
None Noted
jOMS®ERY
Yes
Other
Huctubp (fs)
2
hs
Nome Noted
£ Indarior Description
Appliances
Alb
[tons Amerkies
Caz Borage
[wl] Hore
§ Roors
Carpet,Wood/Good
| Retigeraor
[IR] Saks
O|peistn ee
3
Woodstonis) #
Gap
#olews
(
g
To)Page 7
RESIDENTIAL APPRAISAL REPORT
Reto:
23345
Tynseach
|] GF
(3) 0% OL feveal ay Fir Sis OF DEshers Of 0 SLDRCL prODa(y of he Des Years pick to Us elective Oath 010s phrasal.
Data Souzces):
Assessment Records
E —
Tt Prior Subject Sue/Transier
Anslyss
of selafrasier history and/or any comit agreement
of salyfising.
The subject bas not sold within the past
2 po
N/A
three years. There are no other sales within the past year reported on the comparables used,
i
Sourca{s):
2
2nd Prot Subject Saffransier
FH
Dats:
£
Pie:
i
Sormefsy:
SALES COMPAFS0M APPROACH
T0 VALUE
(F developed)
TT The Sales Companion Approsch was nol
Tor Us appre.
FEATURE
I
SUBJECT
"COMPARABLE SALE # 1
COMPARABLE SALE #
COMPARRBLE SALE # 3
Md®S
3404 Oak Hollow Dr
3250 Oak Hollow Dr
3808 E Joy Rd
3867 Hawk Crest Rd
Ann Arbor, MI 48103
Ann Avbor, MI 48103
Ann Arbor, MI 48165
Ann Arbor, MI 48103
Progiylo Subject
0.12 miles E
5.82 miles £
4.72 miles S
Subia
i
$1,698,500
S
1,400,000
$
1,867,500)
Si Priel
$
BRS
32081 Mf
$299.21 at
$449.46 Mar
Data Sore)
RCOMP #81025038596;D0M 117 |RCOMP #20251043779;DOM 39
[RCOMP #81025032829;DOM 21
Varfoaon Source(s)
Assessment Records
Assessment Records
Assessment Records
VALUE ADJUSTHENTS
DESGRIFTION
DESCRIPRON
TS Mt
DESCRATION
FH SAgsL
DESCRPTION
+) S MgsL
[Sus or Fancig
Conv. Mig.
Cash
VA Loan
Consssions
ala of Sse/Tume
1112672025
10/312025
09/04/2025
Rights Appraised
Fee Simple
Fee Simple
Fee Simple
Fee Simple
Lecaton
Private/Court
Private/Court
County Road
+100,000{ Private/Court
hd
2,60 ac
3.29 ac
-70,000]5.25 ac
~160,000{2.95 ac
-50,600
Van
Wooded
Wooded
Wooded
Wooded
Orsi {Sys}
Ranch
Traditional
Ranch
Contemporary
Quay
of GonseBon
Good
Good
Good
Superior
200,000
Ld
4
23
+25,000{22
+25,000]12
410,000]
Sondtion
Goo
Average
+50,000{Renovated/Geod
Good
Hbove Grade
Tou
[poms]
Bobs
| ous | sams |
gas
To | poms |
puts
Yous | Bams|
gay
20,000]
Room Geant
91
4
4
10]
4]
32
450000101
4 |
41
-10000f
11 {
§
|
3.1
+10,000)
Gross Ling Area
4,107 ¥R
5,180 WM
-156,500
4,679 ¥%
-85,800]
4,185 WN
Basement & Firished
Full Walkout
Full Walkout
Fuil Waikout
Full Walkout
Rooms Befow Grads
Unfinished
Rec,Bed, Bath, Study
-100,000;Rec,Bed, Bath, Study
-100,000]Rec,Bed,
Bath Study
-100,000)
Functions! (hidy
Average
Average
Average
Average
Huatng/Gookng
FWA C/Air
FWA ClAir
FWA C/Air
GeoT/GeoT
Energy Effciont hems
None Noted
None Noted
None Noted
None Noted
po
3 Car Garage
3 Car Garage
3 Car Garage
3 Cor Garage
g PorchPaioeck
Pox/Patio/SenP___|Porch/Deck
450,000] Porch/Deck
+50,000{Por/Deck/ScnP
£
I
Backup Generator
{None
+10,000| Backup Generator
None
+10,000;
z
: Nat Agstmer (fos)
:
O+
®-
18
-isesoo]
[1+
D&-
[8.10800]
[1+
$340,000
H
Adjosted Sc Prics
7
3 of Comparables
‘
$
1,512,000)
$1,279,200)
$1,527,500
Suminafy of Sales Comparison Approsch
Homes In the subjects neighborliood vary greatly in design, size, condition, features and appeal, which ieads
to n wide range In sale prices and indicated yaiues, The three sales that were used are considered to best represent the subject after considering ail
{
available data from this market area and ave the most recent comparable sales avatlable to the appraiser, Ali three sales ave custom homes on similar
{wooded sites as compared to the sublect. When concluding at the subjects opinlon of value, most weight has been placed on sale #1, which is located
within the same development as the subject. Comparable #2 is located on a county road, which is inferior in overall appeal compared to the location
of the subject, which is located on a private drive with other similar homes, therefore, a plus adjustment was applied to its location item. When
‘|
making the site adjustments consideration has been given to the difference in size compared fo the subject site, plus the restricted easement area at
thie rear of the subject's site. Comparable #3 Is considered to be superlor In overall quality when compared to the subject due fo materials, features
and finishes used In its construction. Comparable #1 is an older home that has been well maintained but has not had any recent updates, making its
overall condition appeal inferior fo the subject. Comparable #2 has had recent renovations throughout, making its overall condlflon appeal equal the
subject. Sale #3 1s considered to be equal in condition to the subject, It is commen for homes in the subject's market area aud price range fo haven
finished basement. The appraiser Is unable to bracket the subject's lack of basement finish as there are no recent comparable sales that also have an
unfinished basement, requiring a large minus adjustment to each comparable,Page 8
RESIDENTIAL APPRAISAL REPORT Rte: _ 23345 (COST APPROACH TO VALUE (if developed) ‘Tha Cost Approach was not daveloped for this appraisal. Provide adequate information for replication of the folowing cost figures and calcutations. ‘Support for the opinion of se vakus (summary of comparable land sales or other methods for estimating sie value): Estimated site value has been based on other vacant site sales within the subject's market area over recent years. ESTIMATED [] REPRODUCTION OR (DX) REPLACEMENT COST NEW OPMONOFSMEVALVE _____ ___ ___________.._.. =$ 250,000 F|sureoles®x Typical Local Bullding Cost WELLNG 4,107 RG 200.00 ... =% 821,400 & [Ousty rating fom cots: Good Effective data of cost dala: 2025 Basement 3,253 IL@$ 70.00 227,710 | Comments on Cost Approzeh (russ Eving area calculations, Gepreciation, elo): $A @$ = 5 Cost figures are taken from typical local construction cost. EICH & Res Porches, Patio,BackupGenerator 175,000 Garagalbiapot 1,184 SR @S 148,000 Total Estimats of CostHsw 1,372,110 Less Physical Functional Depreciation 27,442) 27,442) Depreciated Cost of Improvements 1,344,668 "Ass" Vasa of Sta Improvements 75,000 Estimated Remaining Economic Lis (d required): 98 Yeus | INDICATED VALUE BY COST APPROACH 1,669,668 TNCOME APPROACH TO VALUE (i developed) 5] The Income Approzch was nol Gevelcped of Us appraisal. 5 [Estimated Monthy Market Rert § X Gruss Rent Nutiplar =$ Indicaled Value by Income Approach F “Summary of Incoms Apo (ncuding support for market ert 2nd GAM): « 2 H 8 Zz PROJECT INFORMATION FOR PUDs (if applicable) [1H] ‘Ta Subject is part of a Plannzd Unt Development. Tegal Hams of Project. Dsseriba common elzments 2nd recreational facitiss: 5 no Indicated Valuz by: Sales Comparison Approach § 1,500,000 Cost Approach (H developed) 1,669,668 Income Approach (if developed) $ Final Reconciason Primary consideration has been placed on the market approach to value. The cost approach supports value. The income approach is not pertinent due to a lack of rental data in the area due to the fact that homes in the subject's neighborhood are not typically purchased for rental income purposes. Zz Es apuisd is made BO "asi, [J sject to compition pir pans and spacifications on Us bis of a Hypohsteal Condion that te improvements have ben 3 cme, [] shit 10 ts folowing mais of Zales on Ue bis of a Mpaheteal Condtion tat ba mpd or awiatons have bes compited, [] subset fo Z| folowng required inspaction based cn Ds Dirordnay Assumpton that the contin or Gificlecy dos nol require a%falion of [PAT There are no other i conditions noted, other than those listed in the attached Limiting Conditions. [Ths won 5 do shied die Mypcetod Condos aor lsodnuy Aswmpiors ss spoiled ns auchd dinds Based on the degree of Inspection of the subject piopedy, as indicated below, defined Scope of Work, Statement of Assumptons end Limiting Conditions, and Apprelsers Cerflcatons, my (ou) Oplalon of the Market Value (or oer specified value fyps) as defined herein, of the real pioperty that Is the subject of tis report Is: § 1,500,000 Jasol: 04/14/2026 , which Is the effective date of his eppralsal. indlested shove, Mis Opinion of Value Is subject to Hypothetical Condions end/or Exteordinary Assumptions Included ln this report Se oftached addenda. A tue and comple copy of is report coals gp Pages, mown) ehbEs Which am considered en itsgrl pan of the mpol Ths appralsdl report may not be 2 |popity undirsiood who mhrees lo Ue ilomaln consid te compile repo i Attached BRAS: 3 x Scope of Work xX Limiting Cond /Certifications [J Narrative Addendum x Photograph Addenda DX! sketch Addendum E| 2 Map Addenda [J Addtional Sales [J Gost Addendum [J Food Addendum [J Manuf. House Addendum [J Hypothetical Conditions [] Extraordinary Assumptions 0 m] CinlCorl2t Wayne & Michele McCullough Ghent Nama: Wayne & Michele McCullough EM drmeculli@aol.com Adds. 3404 Oak Hollow Drive, Ann Arbor, MI 48103
Page 9
Assumptions, Limiting Conditions & Scope of Work
Fedo:
23345
PORAYAIYES.
3404 Oak Hollow Dr
GY. Ann Arbor
Sule: pg
Zplos' 48103
Ct
yayne & Michele McCullough
Adds:
Ale
Dean W, Dryer
Mess.
pO Box 1265, Ann Arbor,
MI 48106-1265
STATEMENT OF ASSUMPTIONS & LIMITING CONDITIONS
- The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser
assures that the title Is good and marketable and, therefore, will not render any opinions about the title. The property Is appralsed on the basis
of it being under sesponsibie ownership.
~The appralser may have provided a skeloh in the appraisal report to show approximate dimensions of the improvements, and any suoh sketch
{a Included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its slze. Unless
otherwise indicated, a Land Survey was not performed,
~ If so indicated, the appraiser has examined the avallable flood maps that are provided by the Federal Emergenoy Management Agency {or other
data souroes) and has noted In the appralsal report whether
the subject site Is losated in an Identified Special Flood Hazard Area. Because the
appraiser is nota surveyor, he or she makes no guarantees, express or implied, regarding this determination.
~The appralser will not give testimony or appear in court because ho or she made an appraisal of the property in question, unless speoifio
arrangements to do so have been made beforehand.
«Ifthe cost approach Is included In this appraisal, the appraiser has estimated the value of the land in the cost approach at its highest and best
use, and the Improvementa at thelr contributory value. These separate valuations of the land and improvements must not be used in conjunction
with any other appraisal and are Invalld i they are so used. Unless otherwise specifloally indloated, the cost approach value is notan insurance
value, and should not bie used as such.
~The appralser has noted inthe appraisal report any adverse conditions {inoluding, but not limited to, needed repairs, depreolation, the presence
of hazardous wastes, toxio substances, eto.) observed during the inspeotion of the subject property, or thet he or she became aware of during the
norma! research involved in performing the appraise. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any
hidden or unepparent conditions of the property, or adverse environmentat conditions (including, but not limited to, the presence of hazardous
wastes, toxio substances, eto. that would make the property more or less valuable, and has assumed that there are no such conditions and
makes rio guarantees or warranties, express of implied, regarding the condition of the property. The appraiser will not be responsible for any
such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Beoause the
appralser Is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of
the property.
- The appralser obtained the Information, estimates, and opinions that were expressed in the appraisal report from sources that he or she
considers to be reliable and belioves them to be true and correot. The appraiser does not assume responsibility for the accuracy of such items
“{
thatwere furnished by other parties.
- The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal
Practice, and any applicable federal, state or local faws.
- If this appralsal is indlcated as subjeot to satisfactory completion, repalrs, or alterations, the appraiser has based his or her appraisal report
and valuation oonolusion on the assumption that completion of the improvements wilt be performed in a workmanilke manner.
- An appraiser's client is the party (or parties) who engage an appraiser In a speoifio assignment. Any other party acquiring this report from the
olient does not beoome a party to the appraiser-olient relationship. Any persons receiving this appralsal report because of disclosure requirements
applicable to the appraiser's client do not become Intended users of this report unless speollloally Identified by the client at the time of the
assignment.
~The appraiser's written consent and approval must be obtained before this appralsal report can he conveyed by anyone to the publi, through
advertising, publio relations, news, sales, or by means of any other media, or by its inclusion in a private or public database.
~ An appralsal of real property is not a ‘home inspeotion' and should not be construed as such. As part of the valuation prooess, the appraiser
performs a non-invasive visual inventory that Is not intended to reveal defeots or detrimental conditions that are not readily apparent. The
|
presenae of such conditions or defects could adversely atfeot the appraiser's opinion of value. Clients with conoems about suoh potential negative
factors are encouraged to engage the appropriate type of expert to investigate.
The Seope of Work is the type and extent of research and analyses performed in an apprelsal assignment that Is required to produce credible
assignment results, given the nature of the appraisal problem, the specifle requirements of the Intended user(s) and the Intended use of the
appralsal report. Rellanoe upon this report, regardless of how acquired, by any party or for any use, other than those specified in this report by
the Appralser, Is prohibited. The Opinion of Value that is the conoluslon of this report is oredible only within the context of the Scope of Work,
Etfeotive Date, the Date of Report, the Intended User(s), the Intended Use, the stated Assumptions and Limiting Conditions, any Hypothetioa!
Conditions and/or Extraordinary Assumptions, and the Type of Value, as defined herein. The appraiser, appraisal finn, and related parties assume
no obligation, liabiitty, or accountability, and will not be responsible for any unauthorized use of this report or its conclusions.
Additional Comments (Scope of Work, Extraordinary Assumptions, Hypothetical Conditions, sto.):Page 10
Certifications Fletio: 23345 Propaty Address: 3404 Oak Hollow Dr C3: Ann Arbor Sule: MY Zp Cod: 48103 Ct Wayne & Michele McCullough dsc Apri. Dean W. Dryer Mins. PO Box 1265, Aun Arbor, MI 48106-1265 APPRAISER'S CERTIFICATION 1 certify that, to the best of my knowledge and bellef: ~The statements of fact contained In this report are true and correct. ~The credibility of this report, for the stated use by the stated user(s), of the reported analyses, opinions, and conoluslons are limited only by the puted assumptions and limiting conditions, and are my personal, impartial, and unblased professional analyses, opinions, and conolusions, : | fe no present or prospeotive interest in the property that is the subjeot of this report and no personal Interest with respeot to the parties nvolved. - Unless otherwise indloated, | have performed no services, as an appraiser or in any other oapaolty, regarding the property that is the subject of this report within the three-year period Immediately preceding acoeptanoe of this assignment. ~1 have no bias with respeot to the property that is the subjeot of this report or to the parties involved with this assignment. - My engagement In this assignment was not contingent upon developing or reporting predetermined results. ~My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the olient, the amount of the value opinion, the attainment of a stipulated result, or the ocourrence of a subsequent event direotly related to the Intended use of this appralsal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were In effect at the time this report was prepared. ~ did not base, elther partially or completely, my analysls and/or the opinlon of value in the appralsal report on the race, color, religion, sex, handloap, familial status, or national origin of either the prospective owners or ocoupants of the subjeot property, or of the present owners or oooupants of the properties In the vioinity of the subject property. ~ Unless otherwise indioated, | have made a personal inspeotion of the property that is the subject of this report. - Unless otherwlse indloated, no one provided signifloant real property appraisal assistance to the person(s) signing this certification. Additional Certiications: Real estate appraisers in the state of Michigan are required to be licensed and are regulated by the Department of Licensing and Regulatory Affairs, P.O. Box 30018, Lansing, MI 48009. DEFINITION OF MARKET VALUE *: Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a falr sale, the buyer and seller each aoting prudently and knowledgeably, and assuming the price is not affeoted by undue stimulus. Implloit In this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. Buyer and seller are typically motivated; 2. Both parties are well Informed or well advised and acting In what they consider thelr own best interests; 3. A reasonable time Is allowed for exposure In the open market; 4, Payment is made In terms of cash in U.S. dollars or In terms of financlal arrangements comparable thereto; and 6. The price represents the normal oonslderation for the property sold unaffeoted by speoial or creative finanoing or sales concessions granted by anyone assoolated with the sale. * This definition Is from regulations published by federal regulatory agenoles pursuant to Title XI of the Finanolal Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Unlon Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currenoy (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994, and Inthe Interagency Appraisal and Evaluation Guidelines, dated Ootober 27, 1994.
Page 11
Supplemental Addendum Fist. 23345 Borrower Progsty A445 3404 Oak Hollow Dr ww Ann Arbor Cor Washtenaw Su MI 0h 48103 Lender/Client * GP Residential: Subject - Legal Description COM AT SW COR SEC 1, T2S, RSE; TH S 85-15-55 E 75.08 FT; TH N 02-04-10 E 4.12 FT TO POB; THN 86-51-21 E 182.32 FT; THN 60-18-30 E 188.79 FT; TH N 04-44-59 E 191.41 FT; THN 56-35-53 E 50 FT; TH 92.04 FT ALG ARC OF CRV TO LEFT, RAD 266 FT, CENT ANG 19-49-28, CHD § 43-18-51 E 91.58 FT; TH S 53-13-35 E 46.54; TH 75.68 FT ALG ARC OF CRV TO LEFT, RAD 263 FT, CENT ANG 16-29-16, CHD S 61-28-13 E 75.42 FT; TH S 20-17-09 W 50 FT; TH S 54-06-05 E 135.34 FT; TH S 47-32-10 W 198.90 FT; THN 73-50-52 W 237.74 FT; TH S 53-35-20 W 299.05 FT; THN 40-53-10 W 76.25 FT; THN 02-04-10 E 121.67 FT TO POB. 2.6 AC SPLIT ON 12/20/2002 FROM H -08-01-300-023;
Page 12
Plat Map
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.Page 13
LTT TTT gy MN. Haines = Washtenaw Co. RAS re NATURAL PRESERVATION EASEMENT LB (L2787 300 fe AY, or the benefit of Parcel ) as described on Exhibit "AT This easement creates the following burdens on the portion of Parcel D-3 encumbered hereby: a.) no structures or fences shall be erected; b.) no trash or other man made materials may be deposited on the easement area; owless Das) co D /SEASSS ¢.) no trees shall be cufior naturally occurring vegetation disturbed; and d.) no landscaping shall be performed. There shall be no right of entry onto the burdened property by the holder of the easement except to remove trash or other debris that may be deposited on the easement area by wind or through the actions of third parties. IN WITNESS WHEREOF, this easement is granted the p¥-gay of November, 2001. whol Jerry L. Helmer
Page 14
INARA 3... STATE OF MICHIGAN Pagoy N. Haines ~ Uashtenaw Co. map L-4074 P84 COUNTY OF WASHTENAW The foregoing instrument was acknowledged before me this us day of , 2001 by req L. temer o& Collanes tl prey My Commission expires: = / 12 /03 (lu Ro Washtenaw Co., Michigan Chv, sding M.Perros Drafted by Thomas D. Richardson Return to: 111 N. Main Street Thomas D. Richardson Ann Arbor MI 48104 111 N. Main Street Ann Arbor MI 48104 “Ter code: 03-01-3006 -0l6 PT
Page 15
Enter legal description
{cont inued)
Ethibi tis
PARCEL D-4:
A parcel of land located in the Southwest corner of Section
i,
T28,
RSE,
Scio Township, Washtenaw County, Michigan being more
particularly described as follows:
Commencing at the Southwest corner of Section
1,
T28,
R5B,
Scio
Township, Washtenaw County,
Michigan;
thence along the South
line of said Section
1 South 85°
15’
55¢ Rag 75.08 feet;
thence
South 02° 04’
10" West 117.585 feet; thence South 40° 53+
1gn
Rast 76.25
feet
to the Point of Beginning;
thence North
53°
55°
20" East 299.05 feet; thence South 73°
S0’
52" Bast 237.74 feet;
thence North 47°
32’
10" East 198.90 feet; thence North 54°
pg!
05"
West 135.34
feet;
thence North 20°
17°
09" Raat 116.00
Feet
to
a non-tangential curve to the left;
thence along said curve
having
a length of 22.12
feet
a radius of 197.00 feet,
a central
angle
of
6°
26’
02",
chord bearing South 72°
55+
gan Bast 22.11
feet;
thence South 76°
08’
540 Bast 55.64 feet to
a tangential
curve
to the left;
thence along said curve having
a length of
50.85 feet;
a radius of 197,00 feet,
a central angle of 14°
47¢
18",
chord bearing South 83°
33+
33" East 50.71 feet
to
a
non-tangential curve to the left; thence along said curve having
a length of 114.74
feet,
a radius of 75.00 feet,
a central angle
of 87°
39¢
16v,
chord bearing South 24°
58’
02" Bast 103.87
feet;
thence South 21°
11+
20v Went 63.13 feet;
thence South 47°
327
10" West 691.09 feet;
thence North 40°
53’
10"
west 281.32
feet
to the Point of Beginning.
INGRESS AND EGRESS EASEMENT:
Subject to and together with an easement for ingress and egress
located in the Southwest corner of Section
1,
T28,
R5R,
Scio
Township, Washtenaw County, Michigan being more particularly
described as follows:
Commencing
at
the Southwest corner of Section
1,
T2s,
RSE,
Scio
Township, Washtenaw County,
Michigan;
thence along the South
line of said Section
1 South Se
15’
85" East 75,08 feet;
thence
South 02°
04’
10"
West 117.55
feet;
thence South 40°
537
10*
Bast 101.34
feet;
thence North 53°
557
20» Bast 347.94 feet;
thence South 73°
50°
527 East 172.70 feet;
thence North 47°
32/
10" Bast 175.72
feet;
thence North 54°
06’
05% West 109.82
feet;
thence North 20° 17
09% East 50.00 feet to the Point of
Beginning;
thence North 20°
19’
09" East 66.00 feet
to
a
non-tangential curve to the left;
thence along said curve having
a length of 22.12 feet,
a radius of 197.00 feet;
a central angle
of
6°
26‘
02%,
chord bearing South 72°
55:
sgw Bast 22.11 feet;
thence South 76°
pps
g4n
East 55.64
feet
to
a tangential curve
to the left;
thence along said curve having
a length of 50.85
feet,
a radius of 197.00 feet;
a central angle of
14°
47°
18v,
chord bearing South B3° 32
33"
Rast
to
a neon-tangential curve
EE
Posy
A. Haines
Washtenaw Co.
Era
{Continued}
5241803
Papo:
3 of 4
12/13/2001 19,008
L-4874 P-343Page 16
Enter legal description (continued) to the left; thence along paid curve having a length of 68.89 feet, a radius of 75.00 feet, a central angle of 52° 28’ 3an, chord bearing South p7e 23’ 41" East 66.32 feet to a non-tangential curve to the left; thence along said curve having a length of 75.34 feet, a radius of 263.00 feet, a central angle of 16° 247 49" chord bearing North 84° 23- 18" West 75.08 feet; thence North 76° 0g 54" West 55.64 feet to a tangential curve to the right; thence along said curve having a length of 29.53 feet; a radius of 263.00 feet, a central angle of 6° 24 oz2v, chord bearing North 72° 55' 52" West 29,52 feet to the Point of Beginning. Subject to and together with a private xoad known as Oak Hollow Drive being a non-exclusive easement, described as: Commencing at the SW corner of Section 1, T28, RSE, Scio Township, Washtenaw County, Michigan; thence S sso 15’ 55% § 75.08 feet aleng the South line of said Section; thence Nn 02° 04’ 10" B 4.12 feet; thence N 01° 0g¢ 50" E 936.20 feet; thence § 85° 1g’ 20" EB 1309.21 feet; thence § 20° 32’ 10% E 230.68 feet; thence s 69° 27’ 50" W 200.00 feet; thence § 17° 45' 40" EB 587.99 feet thence, nontangentially, 94.63 feet along the are of a 230.00 feet radius circular cuxve concave to the Southwest, delta 23° 34° 21", chord bearing § 54° 574 gv E 93.96 feet; thence § 439 09° 50" B 22.50 feet; thence S 46° 50° 10" W 263.30 feet to the Point of Beginning; thence § 46° so 10” W 66.00 feet; thence N 43° 09' 30" W 100.00 feet; thence 182.16 feet along an arc of a 263.00 feet radius to the right delta 39° 41+ gan chord bearing N 23° 19* 19% y 178.54 feet; thence N 43° 26* 47" Ww 94.54 feet; thence 387.96 feet along an arc of a 197.00 fest radius to the left, delta 112° 5g 08", chord bearing N 590 53+ 510 3 328.24 fest; thence 56.52 feet along an arc of a 50.00 feet radius to the left, delta 4° g¢: 05", chord bearing § 31° 1g‘ 02" W 53.56 feet; thence 212,38 feet along an arc of a 75.00 feet radius to the right delta 162° 14° 47", chord bearing N 43° 49° 26" © 101.80 feet; thence 34.15 feet along an arc of a 50.00 feet radius to the left, delta 39° 08’ 12", choxd bearing N 73° 52 02" E 33.49 feet; thence 561.02 feet along an arc of a 263.00 feet radius to the right, delta 122° 13+ 177, chord bearing s 64° 35 26" E 460.54 feet; thence § 03° 28+ 47" B 94.54 feet; thence 136.45 feet along an arc of a 197.00 feet radius to the left, delta 39° 43’ 03%, chord bearing 8 23° 19+ 1s" EB 133.73 feet; thence § 43° pg+ SO" BE 100.00 feet to the Point of Beginning; being part of the sw 1/4 of Section 1 ana the NW 1/4 of Section 12, T28, RSE, Scio Township, Washtenaw County, Michigan. LT ee $27407200¢ 10:008 Pevay 1 iH li + Halnes = Usshtemaw Co. tas L404 P-9
Page 17
McCullough 3404 Oak Hollow Dr. Ann Arbor, Mi 48103 HVT 9207 10 AVW peAlsoay uy Retail U.S. POSTAGE PA FCM LG ENV = [ll === POSTAL SERVICES 48909 $2.44 RDC 99 $2324H500289-14 — — Mick an lax Tribunal Po Box 30232 Lansing ) MT 48979