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<br />May 27,2008 <br /> <br />Glenn Weiand <br />501 Forest Ave N Unit H <br />Fargo, ND 58102 <br /> <br />This is in response to your request for information regarding the recent review of the 2008 appraised value. <br /> <br />Listed below are recent sales of comparable properties, as well as sales that have taken place in the two <br />condo buildings on Forest Avenue. I hope you will find this information helpful. <br /> <br />~~, <br />501 Forest Ave N <br /> <br />Subject Property 501 Forest Avenue N Unit H (01-0730-00140-080) <br />Unit ~OO7V~~';;;~Vaftle nl.V($qft) <br />H 66,200 71,000 931 <br /> <br />$ Per Sqft <br />76 <br /> <br />Past Sales of Edgewood Condo Units Buildings 501 and 511 Forest Avenue North <br />~~runtt~leoa'esarep~'i}r'nl1Y'(SelFt),$P<<SqFt <br />501 Forest Ave N B 7/15/2004 76,500 886 86 <br />$01.fcristAve N ~/2007 7Q400. <br />501 Forest Ave N F 5/21/2004 68400 886 77 <br />$()l~,~~veN G 5/15/~' 76101)886 86 <br />511 Forest Ave N A 6/1/2006 75500 886 85 <br />$"I~Av. NE 12/151?,OO3 75000,88685 <br />511 Forest Ave N F 8/26/2005 74000 886 84 <br /> <br /> <br />Recent Sales of Similar Units <br /> <br />-,- <br />511 Forest Ave N <br />_N~II Dr <br />2457 W Cnrty Clb Dr <br />..:.. S <br />3410 2 St N <br />501~AveN <br />501 Forest Ave N <br />SUl__ Ave N. <br />2417 Demores Dr S <br />2417:QeJnore$Dr S . <br />3410 2 St N <br /> <br />,unit <br />F <br />6 <br />G <br />C17 <br />D32 <br />o <br />G <br />A <br />6 <br />2 <br />D28 <br /> <br />Sale Date . . <br />8/26/2005 <br />.12/;2'1/2007 <br />5/31/2007 <br />2/lS/2IJt)J <br />3/05/2008 <br />1I9,/200'J <br />5/15/2006 <br />6/1/aoo~ <br />8/13/2007 <br />11/011.' <br />8/10/2007 <br /> <br />" $ife.p~ ' <br />74000 <br />76800 <br />76500 <br />68600 <br />65200 <br />70400 <br />76100 <br />75500 <br />69900 <br />68500 <br />68100 <br /> <br />TJ,.LV (SqFt) <br />886 <br />924 <br />886 <br />916 <br />924 <br />931 <br />886 <br />886 <br />882 <br />882 <br />924 <br /> <br />$Pel'$qft <br />84 <br />83 <br />86 <br />75 <br />71 <br />76 <br />86 <br />85 <br />79 <br />78 <br />74 <br /> <br />I am aware the real estate market continually changes. If feel at a later date that you have information that <br />would support another review of your property, I would be happy to take another look. If you should have <br />any further questions concerning your value, Please contact our office at 241 - 1340. <br /> <br />Respectfully, <br /> <br />Wayne L. Ham <br />Appraiser <br />