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Natwick Associates Appraisal Services FileNo. 051113 Case No. Uniform Residential Appraisal Reoort Theour~se of this summarY annraisal reDort is to orovide the lender/client with an accurate and adenuatel' sunnorted oninlon of lhe market value of the subiect nro,,"rt,. Pronertv Address 6325 13th St N Citv Farao State ND Zin Code 5B102 Borrower Karen Kostecki Owner of Public Record A1lvn & Karen Kostecki Countv Cass LenalDascriotion Lot 19 Block 6 Hinhland Park Assessor's Parcel # 60-110000-950-000 Neinhborhood Name Hiohland Park Occunant Il Owner 1- 1 Tenant I I Vacant Soeclal Assessments $ .. pronert,RinhtsAnnraised 1 1 Fee Simole I I Leasehold I I Olherldescribal Assinnment Tvne Il Purchase Transaclion 1 X 1 Refinance Transaclion ilOlherldescribel LenderlClient Karen Kostecki Address 6325 13th St N Farao ND 5B103 Is lhe subiecl nronert' currentlv offered for sale or has it been offered for sale in the twelve months orior to fhe effective date of this appraisal? I l Yes I)(i No Renort data sourcelsl used, offerinos nricelsl. and datelsl. . Tax Year 2004 Man Reference 58102 Census Tracl o r l PUO HOA$ RE. Taxes $ 5 653.32 0003.00 Il ner vear r I oer monlh . I D d~ Ixl did nol analyze Ihe contract for sale for the subjecl purchase fransaclion Explain lhe resuits of the analysis of the contracl for sale or why lhe analysis was nol '''"rtormed. N1A. Refinance . Contracl prtce $ Dale of Contract Is the oronertv seller the owner of oublic record? I X I Yes I I No Data Souc.;;sf Public records Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, elc.) to be paid by any party on behalf of the borrower? U Yes (K] No . Ir Yes reoort Ihe lolat dollar amount and describe the items 10 be naid. N/A Note: Race and the ractal comnosltlon ofthe neinhborhood are not annraisalfaclors. .. . . . .... .. ....... . . ':":i\l~~ ..,.t:;<:"'l'iI' "..""';1" ..~ i"'.-':';i "T\'''~~ '-'l,l;:. '-j,\ ." '!'I"'J' . ''-'''.f,P<t''f rr!:jiU1l 'frIIJ<"f\\'I'W'i{i'i,l"if1'ii' ';~1" . '",'1." ,"'" "\ "~KI"1'.If;.::f ',~ '''~ "-P"~iM'Jr';'.'~'f~;;FJ 1'!lj"j'{1l4111 : :,;, VfO '~'~f>!i,,'T;H";"":T~f:j 'D- r','1:'R"'ill~:f I'L> 'l''J,rnJ;i;:'~~;i U~jMI~~i'ii~L~lgb.tlQrhQg~hat,.~"il~~}~~1,i~~~!1111,\!~; llf~,~\(.l~'~~I,\~tr~~I~I)~Ynl~;~~1J81'M!i1)'(nct8,;auk~1~~;iM:1;.li'~~t(~~~bl~~})..""mb'~'lt:., .p~ULng'uJ( ,liJ"~8!'lt ~~~1~5"~; ,~r.f:l,$;.~~' Location Urban X Suburban Rural Pronertv Values IncreaSlnn)( Slable Decllnmn PRICE AGE One-Uml 95 Yo . Buill-Un X Over 75% 25-75% Under 25% Oemand/Sunnlv Shortaae X In Balance o..r &me!{ $ 10001 .. Ivrsl 2-4 Unit % I" Growlh Ranid X Stabie Slow Markelinn Time Ui'OOr3mills X 3-6 mlhs o..r6rn11~ 250 Low New Mulli-Familv % . , Neinhborhood Boundaries The sublect neiqhborhood is bounded bv the develaamenl af HiGhland . 500 Hiah 20 Commercial % e1IPark. . 300 Pred. 15 Olher 5 % a NeinhbortlOod Descrtnlion The neinhborhoad oonsists of hioher end sino Ie familv homes in the develooments of North River and Hinhland Park which are lacated north af the Faroo/Moorhead metro area." Markel Condilions ,inctudina support for the above conclusions\ Most lislinns are sell inn within the 3 10 6 month ranoe with the sales to askina orice ratio of abaut 95%. Most buvers like Ihe small tawn atmosnhere af the Farno/Maorhead area as well as the aoad roads and access to the rest of the nation via the international airoart. Oimensions 100 x 550 Area 1.26 Ac Shane Rectanaular View River Snecific Zonina ClaSSification Residential Zoninn Descrtntion Sinole familv residential Zoninn Comnlianca xl Leoal r l Lenai Nonconformlna IGrandfathered Usel r l No Zoninn r llllenal Idescrlbel Is the hinhesl and best use of subiect nronertv as improved (or as nroMsed ner nians and s,,"cifications\ the nresenl use? I X IYes 1 1 No If No descrtbe. Utilities Public Other Idescribel Public Other Idescribel Off.slte Improvements-Tvoe Eleclricit' rxl r Water TxT'" Slreet Asohalt Gas rxl I I Sanilarv Sewer TXT Ii. Allev Nane FEMA Snecial Flood Hazard Area I I Yes X I No FEMA Flood Zone X FEMA MaD # 3B5364 001 OF Are the utilities and/or off-site imnrovemenls lvoicaifor the markel area? X Yes I I No If No describe. Ale there an... adverse site conditions or external factors (easements encroachments environmental conditions land uses etc.)? r l Yes r )(1 No If Yes describe. Usual easements lor streets curb & qutter electric. aas sewer and water and ohane lines. No. easements were reported or abserved that wauld adverselv affect the value af the orooertv. Public Private IxT I I II . I I FEMA Man Dale 11/02/95 1i~~~!r~~1~i~;~,l~;W,Gen~ra'l il)e'scrIDtion~ihii1~~~li~~~t:ib~ &~i\~1:~;~f~@i~~rF.oufi'datI6n~JUWj~ZMi,l~~l'n 'EXteflor~bescjjrltj'onti~W;:;.;tmiterjlii8"c'o-ndifj'ori[ rlnterio~~~i;jm~!i~~Ymaterfai'Sicondlti8~~ Units I X lOne I lOne with Accessorv Unll l Concrete Slab r lCrawl Snace Foundation Walls Prd Conc. Floors CarnfTileMn-Av-Gd . # of Stories 2 Units xl Full Basement r lPartial Basemenl Extertor Walls Steel sidinn Walls Druwall-Av-Gd T'ne I X i Del.I I All. 1 S-Oet./End Unit BasemenlArea 1350 <n. ft. Roof Surtace Camn.Shal TrtmlFinish HW-Av-Gd II X IExislinn I '1 Prooosed lUnderConsl. 8asementFinish 85 % Gutters & DownsMuls Metal Bath Floor Vln"i-Good Desinn rSI'lel 2 storv I Outside Entrv/Exitr X Sumn Pumn Window T'ne Crankouts Bath Wainscol Fiber nlass Year Buill 1992 Evidenceof 1 Infestation StormSasMnsulated Camb. CarStorane r.l None Effeclive Ana IYrsl 5 10ampness I Settlement Screens Yes I X I Drtvew8' # of Cars 4 Attic None Heslino I X IFWAII IHWBR I IRadiant Amenilies Woodslovelsl # Drivewa, Surtace Cancrete Dron Stair Stairs 10lher TFuel Gas X Firenl"el,! # 2 X Fence X Garane # of Cars 3 Fioor X Scuttle Coolina I X I Central Air Conditioninn X PaIi<Yllecl< Porch Camnrt # at Cars Finisned Heated lindividualll I Other Yes Pool Other X Atl. lDel. r l8uill-in Annliances rX l Refrinerator I X I Ranae/Oven 1 X IDishwasherl X IDisnosai IX l Microwavel X l Washer/DrYer I iOther (describe) linished arei-above' nrade contains: BRooms 4 Bedrooms. 2.00 Bathlsl 2 600 Sauare Feet of Gross LivinQ Area Above Grade Addilional features Isnecial enernv efficienl items elc.\ . " Describe Ihe condition of lha orooertv lincludino needed renairs delerioration renovations remodelinn etc.l. The subiect has been well maintained sa nhvsicat denreciation is minimal. The averall oondilion of the subiect is oonsidered nood. Qualitv af canstructian cansidered aood. No. lunctianal or external obsolescence noted that would affect the market value. . Are there an' nh'sical deficiencies or adverse condilions thai affecllhe tivabilitv. soundness orstructural inlenril, of Ihe nropertv? 1 Yes I X I No If Yes describe . Does the oronertv oenerallv conform to the neiQhborhood Ifunctional ulilit' st'le condition use conslruclionetc.l? I X I Yes I i No If No describe Freddie Mac Form 70 March 2005 ClickFORMS Appraisal Saftware 800-622-8727 Fannie Mae Form 1004 March 2005 Page 1 af 13