Aspen American appraisal Cairn 07-29-24_0001.pdf
Kenneth William Shaheen Petitioner V Township Of Elk Rapids Respondent · 26-002783-TT
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Page 1
E/O Insurance
Flle#
01-25 Caim Hwy
Kenneth Shaheen
Borrower/Client
Property Address 8951 Gaim Hwy
City
Elk Rapids
County Antrim
State
MI
Zip Code 49629
Lender
PNC Bank
LU =
LIA Administrators & Insurance Services
Company's Program Administrator:
LIA Administrators & Insurance Services
VTA
WC
AsSpen
-
Aspen American Insurance Company
Insurer (Referred to below as the "Company")
4
ashi
vs
F
hd rey fit Foo
1600 Anacapa Street
Santa Barbara, CA 93108
APPRAISAL, VALUATION AND PROPERTY SERVICES
800-334-0652
PROFESSIONAL LIABILITY INSURANCE POLICY
DECLARATIONS
Date Issued:
7/29/2024
Policy Number:
AALOO3381-10
Previous Policy Number:
AAL3381.09
THIS
1S
A
CLAIMS MADE AND REPORTED
POLICY. COVERAGE
IS
LIMITED TO
LIABILITY
FOR ONLY THOSE CLAIMS
THAT
ARE
FIRST
MADE
AGAINST THE
INSURED
DURING
THE
POLICY
PERIOD
AND
THEN
REPORTED
TO
THE
COMPANY
IN WRITING NO LATER THAN SIXTY
(60) DAYS AFTER EXPIRATION OR TERMINATION
OF THIS POLICY, OR
DURING
THE EXTENDED
REPORTING
PERIOD,
IF
APPLICABLE,
FOR
A
WRONGFUL ACT COMMITTED
ON
OR
AFTER THE RETROACTIVE DATE AND BEFORE THE END OF THE POLICY PERIOD.
PLEASE READ THE POLICY
—
CAREFULLY,
1
Customer [D:
168300
Named Insured:
SILVERPILEN CORPORATION
Ronald E, Prat
4119 Oakwood Rd.
Onanville, MI 48462
Policy Periods From:
(9/28/2024
09/28/2025
12:01 AM. Standaed Time at the address sued in 1 above.
Deductible:
$1000
Fach Claim
Retroactive Date:
To:
9/28/2015
®/28/2015
A.
$1000,000
Fach Claim
B.
§2,000000
Aggregate
Inception Date:
EIR
Eh
Limits of Liability:
Covered Professional Services (as defined in the Policy and/or by Endorsement):
Real Estate Appraisal and Valuation:
Residential Property:
Commercial Property:
Bodily Injury and Property Damage Caused
During Appraisal Inspection ($100,000 Sub-Linit):
Right of Way Agent and Relocation:
Machinery and Equipment Valuation:
Personal Property Appraisal:
Real Estate Sales/ Brokerage:
=
(16 "yes", added by endorsement)
FHC XL
(If “yes”, added by endorsement)
{If "yes", added by endorsement)
8
Report Clatms to: LUA Administrators & Insurance Services, $00-3340652, P.O. Box 1319, 1600 Anacapa Street, Sansa Barbara, CA 93102-1319
9
Annual Premiums
SXXX
TIAQ0Z (94/19) LIA MI ©5/19) LIA MI NOT (05/19) LIAOTZ (06/22) LIAO20 (12/22) LIA1O
05/19) LIAT3T (03/19) LIAL44 (05/19) LIA1G4 (05/19) LIA169 (12/21)
10.
Forms attached at issue:
“This Declarations page, together with the completed and sigred Policy Application including all atachments and thereto, snd dhe Policy shall
constinte the contact between the Named Insured and the Company.
=x oN.
Authorized Representative
07/29/2024
Dare
By
LIAO01 (05/22)
Pagel of
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Subject Tax Record - Page 2 File # 01-25 Cairn Hwy Borrower/Client Kenneth Shaheen Property Address 8951 Cairn Hwy City Elk Rapids County Antrim State MI Zip Code 49629 Lender PNC Bank Land Division Act Information Date of Last Spli/Combine Nb Data fa Disploy Date Form Filed Dato ta Disploy Date Crested 01/81/0001 Acreage of Parent aso Split Number 0 Parent Parcel Ho Data to Display Sale History Sale Date Salo Price lnstrument Grantor No sales history found. Number of Splits Left Nor Available Unallocated Divs of Pareat Not Avaloble Unallocated Div.s Transferred Not Avaloble Rights Were Transferred No Courtesy Split No Building Information - 5206 sq ft 2 STORY (Residential) General Hoor Area 520659 ft Garage Area 212591 Foundation Size 291639 ft Year Built 2023 Occupancy. Single Family Ehfective Age 2415 Percent Complete 100% AC wSapaeate Ducts No Basement Rooms 0 1st Floor Rooms 0 2nd Floor Roams a Bedroams. 0 Area Detail - Basic Building Areas Meight Foundation 2 Story Basement 1501y Basement 1 story Basement 1 5wry Basement 1 Story Basement Area Detail - Overbangs Asean Story Height 2sqft 150 %0sqft 05 Story Exterlor Information Brick Veneer 5005 t Basement Finish Recreation 0sqft Living Ares 0sqft Walk Out Doors 0 Plumbing Information 3 Fixture Bath 4 Fireplace Information Exterior 2 Story 1 Garage Information Area 11825q 1 Foundation 42 Inch ‘Year Built Nb Dato to Display Auto Doors ° Area 112059 % Foundation A21nch Grantee LberPage Comments Estimated TCV $3,073093 Basement Area 29165q ft Year Remodelad. No Dota to Display Class B10 Tri-Level No Heat Forced Heat & Cool Wood Stove Add-on No Water Water Wel Sewer Public Sewer style 2$T0RY Exterior Ata Heated Siding 1978sq ft 2Stoey Siding M96saft 1Story Siding bey ft 15tory Siding 20sqft 1Story siding sqft 1Story Exterior Included In Sue for Rates Siding No Siding No Stone Veneer osqft Recreation % Good o% Living Ares % Good 0% NoCorcrete Floor Ares 03g ft 2 Fixture Bath 1 Exterior Siding Common Wall 1 wall Finished No. Mech Doors ° Exterior Siding Common Wall Detached
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Subject Tax Record - Page 3 File # 01-25 Caim Hwy Borrower/Client Kenneth Shaheen Property Address 8951 Cairn Hwy City Elk Rapids County Antrim State MI Zip Code 49629 Lender PNG Bank Year Built 1980 Finished No Auto Doors 0 Mech Doors 0 Porch Information WGEP (1 Story) 288 sq ft Foundation Standard CPP 200 sq ft Foundation Standard Balcony Information Concrete 288 sq ft Roof No
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Subject Tax Record - Page 1 File# 01-25 Cairn Hwy Borrower/Client Kenneth Shaheen Property Address 8951 Cairn Hwy City Elk Rapids County Antrim State MI Zip Code 49629 Lender PNC Bank Owner and Taxpayer information Owner SHAHEEN KENNETH W & Taxpayer SEE OWNER INFORMATION ANITA S 1078 W AVON ROAD ROCHESTER HILLS, MI 48309 General Information for Tax Year 2024 Property Class 401 RESIDENTIAL-IMPROVED ~~ Unit 05-06 ELK RAPIDS TOWNSHIP School District ELK RAPIDS SCHOOLS Assessed Value $931,200 MAP # No Dato to Display Taxable Value $741,224 USER NUMBER IDX [J State Equalized Value $931,200 ITEMS TO CHECK Date of Last Name Change 08/14/2023 User Alpha 3 No Data fo Display Notes Not Avalable Historical District No Census Block Group Na Data to Display USER ALPHA 2 No Dota to Display Exemption No Data to Display Principal Residence Exemption Information Homestead Date No Data to Display Principal Residence Exemption | June 1st Final 2024 0.0000 % 0.0000 % Previous Year Information Year MBOR Assessed Final SEV Final Taxable 2023 $304300 $304,300 $111,071 2022 $418,600 $418,600 $241,048 2021 $392,000 $392,000 $233,348 Land Information Zoning Code Total Acres 1.442 Land Value $594,600 Land Improvements $18,147 Renaissance Zone No Renaissance Zone Expiration Mo Dota to Display Date ECF Neighborhood 005 ELK LAKE Mortgage Code No Dota to Display Lot Dimensions/Comments Ab Dota to Disploy Neighborhood Enterprise No Zone Lot(s) Frontage Depth Lot 1 117.00 ft 30000 ft Legal Description Total Frontage: 117.00 ft Average Depth: 300.00 ft COM AT INT OF § LINE OF GOV LOT 4 AND THE C/1. OF CO RD, FORMERLY US31, TH N 22 DEG E ALG SD CA 138.05 FT TO POB, TH N 22 DEG E ALG SD CAL 122.14 FT, TH § 87 DEG € PARL TO S LINE OF GOV LOT 4 509.14 FT TO SHORE OF ELK LAKE. TH $ 4 DEG E ALG SD SHORE 105.13 FT, TH $ 13 DEG £ ALG SHORE 1093 FT, TH N 87 DEG W 564.92 FT TOPOB SEC 15 T29N ROW
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Subject Site Aerial File# 01:25 Gaim Huy Bormower/Client Kenneth Shaheen Property Address 8951 Cairn Hwy City Elk Rapids County Antrim Lender PNC Bank State MI Zip Code 49629 Subject 8951 Cairn Hwy
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/
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License File # 01-25 Cairn Hwy Borrower/Client Kenneth Shaheen Property Address 8951 Cairn Hwy City Elk Rapids County Antrim State MI Zip Code 49629 Lender PNC Bank DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS BUREAU OF PROFESSIONAL LICENSING P.O. BOX 30670 LANSING, Mi 48309 RONALD EDUARD PRAT CALTCHEN wniTRLY cavimat NTATE STATE OF FLONICAN - NEPARYRENT OF LICERSING AND RCCULATORY APFATSS BUREAU OF PROFENSTIONAL LICENSING CERTIFIED RESIDENTIAL REAL ESTATE APPRAISER LICENSE RONALD EDUARD PRAT LICENSE No. 1204007333 CXPINATION 3ATE 07/32/2025 23371120k1& COMPLAINT INFORMATION THE ISSUANCE OF THIS LICENSE SHOULD NOT BE CONSTRUED AS A WAIVER. DISMISSAL OR ACQUIESCENCE TO ANY COMPLAINTS OR VIOLATIONS PENDING AGAINST THE LICENSEE. ITS AGENTS OR EMPLOYEES. FUTURE CONTACTS: YOU SHOULD DIRECT INQUIRES REGARDING THIS LICENSE OR ADDRESS CHANGES TO THE DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS BY EMAILING BPLHELP@MICHIGAN GOV OR CALL (517) 241-0193 OF MICHIGAN DEPARTMENT OF LICENNING AND REGULATORY AFFAIRN BUREAU OF PROFENNSIONAL LICENNING CERTIFIED RENIDENTIAL REAL ESTATE APPRAINER LICENNE RONALD EDUARD PRAT EXPIRATION ATE 07/31/2025 LICESIE NO. 1204007313 ies oocuT 8 ute TAD NORA TE LAW 02 IE STATE OF wcndaen 23171120k16
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Page 13
COMPARABLES PHOTOGRAPH ADDENDUM File# 01:25 Gaim Huy Borower/Client Kenneth Shaheen Property Address 8951 Cairn Hwy City Elk Rapids County Antrim State MI Zip Code 49629 Lender PNC Bank Comparable Sale 1 9549 Palaestrum Rd Williamsburg MI 49690 Date of Sale: _s06/: Sale Price: 2,595,000 Sq. Ft: 4,028 $ /Sq. Ft: 644.24 Comparable Sale 2 301 Green Acres Ln Elk Rapids MI 49629 Date of Sale: _s08/24;c07/24 Sale Price: ~~ 2,675,000 Sq. Ft: 3,928 $ /8q.Ft: 681.01 AV” Te 700 Tv 514 471 Comparable Sale 3 11092 Summertime Trl Williamsburg MI 48690 8/22 Date of Sale: _s08/: Sale Price: 2,850,000 Sq. Ft: 3,943 $ /Sq.Ft: 722.80
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COMPARABLES PHOTOGRAPH ADDENDUM File# 01-25 Caim Hwy Bomower/Client Kenneth Shaheen Property Address 8951 Cairn Hwy Cy EkRapids County Antim Stete MI Zip Code 49629 Lender PNC Bank Comparable Sale 4 6238 Winters Trl Kewadin MI 49648 Date of Sale: _807/24c06/24 Sale Price: 3,175,000 Sq. Ft.: 5,385 $ /Sq.Ft: 589.60 av 2 et 41g |e 95) ZLB [4 li AN \77 °/) To pepr Lo oe pt og ZA ha S ALTA NS Ps We Comparable Sale 5 Date of Sale: Sale Price: Sq. Ft: $ /8q. Ft: Comparable Sale 6 Date of Sale: Sale Price: Sq. Ft: $ /8q. Ft:
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LOCATION MAP ADDENDUM Filed 01-25 Gaim Hwy Borrower/Client Kenneth Shaheen Property Address 8951 Cairn Hwy City Elk Rapids County Antrim state MI Zip Code 49629 EERIE eee ey 49620 000000000000 Lender PNC Bank ia & a la mode, inc. He Tra ese fe CAR RY Metropolis (©) COMPARABLE No. 4 OldiMission 6238 Winters Trl 2.64 miles N $e ell Clam River, o ye @ Keviadin® 7.5 4h RE susiect 8951 Cairn Hwy of [i (4 COMPARABLE No. 2 301 Green Acres Ln Ji 0.85 miles S / Z 1 i >, Torch oa 4 Maple Bay Natural Are S J ® 4 on 9 Sz Br kK SaylerRark COMPARABLE No. 3 i JE ® Fe 11092 Summertime Trl » | 4.09 miles § COMPARABLE No. 1 9549 palaestrum Rd 0.67 miles 5 § 2 Williamsburg Yireiig § ol Eu ky HOLIDAY HILLS
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Page 19
SKETCH ADDENDUM
File#
01-25 Cain Hwy
Borrower/Client
Kenneth Shaheen
Property Address 8951 Cairn Hwy
City
Elk Rapids
County Antrim
State
MI
Zip Code 49629
Lender
PNC Bank
12.0'
20.0"
I
=
=
=
=
Bedroom
pi
®
=
7
ZRH
2
12.0'
=
&
Bathroom
=
Den
guia
=
Living Room
|Z:
12.0
Lavatory
Foyer
fo
=}
Great Room
6.0"
DiningRoom
[3
=
4 Car Attached Garage
i
=
2
8
Bathroom
Kitchen
i
1152 sf
Laundry
350°
5
"
wT
oT
First Floor
:
&
2956 sf
AREA CALCULATIONS SUMMARY
AREA CALCULATIONS BREAKDOWN
Code
Description
Factor
Net Size
Perimeter
Net Totals | Name
Base
x
Height
x
Width
=
Arca
GLAL
First Floor
1.0
2956.0
320.0
2956.0
First Floor
320
x
14.0
=
448.0
GAR
a Car Attached G
1.0
1152.0
144.0
1152.0
16.0
x
12.0
=
192.0
pie
Covered Porch
1.0
0.0
80.0
20.0
x
13.0
=
260.0
Uncovered Patio
1.0
228.0
62.0
20.0
x
12.0
240.0
Porch
1.0
320.0
88.0
548.0
36.0
x
12.0
432.0
4.0
x
4.0
16.0
22.0
x
12,0
264.0
20.0
x
19.0
380.0
10.0
x
4.0
40.0
38.0
x
18.0
=
684.0
Net LIVABLE
cat
1
{rounded}
2,956
10 total items
(rounded)
2,956
© ILOOKABOUT (US) inc. dba Apex SoftwarePage 20
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SKETCH ADDENDUM File# 01-25 Caim Hwy Borrower/Client Kenneth Shaheen Property Address 8951 Caim Hwy City Elk Rapids County Antrim State MI Zip Code 49629 Lender PNC Bank 20.0’ = © I=} 12.0' [ ol = =<t - 12.0" 16.0 > a <t f=) — ol 12.0' 4.0' =] 3 i : Unfinished BSMT = = oi = 2956 sf N 6.0" & «© = = < [S] % = 38.0 N=} 19.0" AREA CALCULATIONS SUMMARY AREA CALCULATIONS BREAKDOWN Code Description Factor Net Size Perimeter Not Totals | Name Base x Height x Width = Area BSMT Unfinished BSMT 1.0 2956.0 320.0 2956.0 0 total items (rounded) o © ILOOKABOUT (US) tne. dba Apex Software
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SKETCH ADDENDUM File # 01-25 Cairn Hwy Borrower/Client Kenneth Shaheen Property Address 8951 Cairn Hwy City Elk Rapids County Antrim State MI Zip Code 49629 Lender PNC Bank 40.0" Bathroom = 3 Car Detached Garage Living Dining Room a 12056 Kitchen 150° 2 100° Garage (ADU) 00 590 sf AREA CALCULATIONS SUMMARY AREA CALCULATIONS BREAKDOWN Code Description Factor NetSize Perimeter Net Totals | Name Base x Height x width = Area GAR 3 Car Detached 1.0 1120.0 136.0 1120.0 0 total items (rounded) I] © LOOKABOUT (US) tne. dba Apex Software
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SKETCH ADDENDUM
File#
01-25 Caim Hwy
Borrower/Client
Kenneth Shaheen
Property Address
8951 Cairn Hwy
City
Elk Rapids
County Antrim
State
MI
Zip Code 49629
Lender
PNC Bank
20.0
[=]
“
Bedroom
12.0
o
ol
E
I=
&
d
E
ree
7
[ree
3
edroom
=
3
1
pA
Ber
=
12.0°
Balcony - Uncovered
=
1
288 sf
ified =)
16.0"
Flex Room
=
Hos
SN
Rin
=}
Ry
‘ue
:
|
[si]
{
|
|
1
5.0"
16.0
Iv
<
-—
o1
{a}
16.0
12.0"
Bathroom
Bedroom
|&
[=]
[a]
=
i
Laundr
pur
y
Second Floor
.
2249 sf
Mechanicals
19.0'
19.0"
AREA CALCULATIONS SUMMARY
AREA CALCULATIONS BREAKDOWN
Code
Description
Factor
Nel Size
Perimeter
Net Totals}
Name
Base
x
Height
x
width
=
Area
GLA2
second Floor
1.0
2249.0
338.0
2249.0]
Second Floor
32.0
x
448.0
p/P
Balcony
- Uncoy
1.0
288.0
68.0
288.0
20.0
x
260.0
16.0
x
192.0
23.0
x
92.0
14.0
x
168.0
18.0
x
126.0
21.0
x»
399.0
27.0
x
378.0
37.0
x
148.0
19.0
x
38.0
Net LIVABLE
ent
1
(rounded)
2,249
10 total items
(rounded)
2,249
© ILOOKABOUT (uS} tne. dba Apex SoftwarePage 26
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