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<br />4o.:.i <br /> <br />.. <br /> <br />January 29, 2008 <br /> <br />Deena Hopson <br />4102 15th Street S. <br />Fargo, ND 58104 <br /> <br />Dear Deena: <br /> <br />Property address 551 Wall Avenue, Horace, ND is presently over assessed in value. <br />Included with this letter are marketing dates, listed prices, real estate companies used and <br />comparable sales in the ~mmediate area. <br /> <br />I have been an area real estate sales person for the past 25 years. This is one of the <br />highest over assessments that has come to my attention in that entire period of time. Real <br />Estate has demanded a higher price in the years of 2005 and 2006 when it was a sellers <br />market. If subject property was offered for sale 644 days during those years and didn't <br />receive the asking price of$159,900.00, it is reasonable to assume that it isn't worth that <br />amount today. You could argue that my purchase was a distressed sale, but you certainly <br />can't ignore the 644 days of marketing before it went back to the bank, nor the other <br />properties that have sold in the immediate area for a sales price realistic to my requested <br />change of assessed value. <br /> <br />If you have any additional questions, please call me at 232-2000. <br /> <br />Sincerely, <br /> <br />Or-</6:: <br />(ell. - <br />//Uro -ci2 e:' <br />/u ' <br />>OEGJ/f.)4 <br /> <br />Fran Snelgrove, CRS,ABR,GRI,e-PRO <br />