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Subject House……………………………………….pg. 2

Appraisal Letter……………………………………..pg. 3

Comp #1…………………………………………….pg. 4

Comp #2…………………………………………….pg. 5

Comp #3…………………………………………….pg. 6

Sales Comp…………………………………………pg. 7

Cost Replacement Approach……………………….pg. 8

Income Approach…………………………………..pg. 9

Summary Report…………………………………...pg. 10

The Appraisal of

A Single Family Residential Property
Located At:
2210 Longspur Pt
Oxford, MS 38655
Wellsgate

As of May 2, 2013

By: Neal Quirk
Certified Residential Real Estate Appraiser

May 2, 2013

XYZQ Real Estate Company
1234 Main Street
Middle of Nowhere, Somewhere 12345

To Whom It May Concern,
Per your request, I have spent the past month, assessing and appraising the real estate property at:
2210 Longspur Pt
Oxford, MS 38655

The main purpose behind this appraisal is to equate the best market value of said subject property by using three varying comparable sites. The property rights appraised are fee simple interest in the site and improvements.

After much calculation, I have deemed that the estimated market value as of May 2, 2013 is: $????????

The attached information contains all sources, summaries, and descriptions of the fore mentioned comparable sites. Also included is all the data that supports my deductions.

Best Regards,

Neal Quirk
Certified Residential Real Estate Appraiser
Comparable Sale Number 1

2202 Longspur Pt
Oxford, MS 38655
Wellsgate

Sale Price: $490,000
MLS/Source ID: 128858

Comparable Sale Number 2

1232 Water Ridge Dr.
Oxford, MS 38655
Wellsgate

Sale Price: $550,000
MLS/Source ID: 128923
Comparable Sale Number 3

1310 Pelican Loop
Oxford, MS 38655
Wellsgate

Sale Price: $469,000
MLS/Source ID: 129238

Sales Comparison Approach

Cost Replacement Approach

Income Approach

Reconciliation

Summary Report

The subject property chosen is located at 2210 Longspur Point in the subdivision of
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