Property appraisal

PURPOSE & SCOPE OF THE APPRAISAL The purpose of this appraisal is to estimate market value of the unencumbered fee simple interest in the subject property, in its "as is" condition, as of April 9, 2001 the date of our last inspection of the subject premises. The term "market value" as used herein and as jointly defined by the American Institute of Real Estate Appraisers and the International Society of Real Estate Appraisers is "the most probable price …

…develop the appraisers’ opinion of value. Not all factual data is included in the report. Additional supporting documentation concerning the data, reasoning and analysis is retained in the appraisers’ file. The information contained in this report is specific to the needs of the client (Dr Bennington) and for the intended use stated in this report (to satisfy RE 313 term paper requirement.). The appraiser is not responsible for the unauthorized use of this report. ------------------------------------------------------------------------ **Bibliography**