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<br />E CITY OF <br /> <br />C~:~~::;~ION ~o <br /> <br />fr~~ tVvVtfl4.n MCl~tl4~d <br />ASSESSMENT DEPARTMENT <br />April 19, 2004 <br /> <br />,.cXII J6/~ 'ZP <br />I <br /> <br />Mr. and Mrs. Norman Maynard <br />1421 55th Avenue South <br />Fargo, NO 58103 <br /> <br />Dear Mr. and Mrs. Maynard: <br /> <br />This correspondence is regarding the review of the 2004 appraised value of the above- <br />referenced property. I feel the current value of $213,400 ($101) that we have on your <br />home is appropriate. <br /> <br />The properties that were used in my determination are as follows: <br /> <br />D~~i <br />\...~'( <br />g.i, <br /> <br /> <br />3239 42 Avenue SW <br />382621 Street South <br />1729 37 Y2 Avenue South <br />4815 Rose Creek Pkwy <br />3332 45 Avenue SW <br /> <br />6/5/03 <br />10/17/03 <br />7/11/02 <br />8/8/03 <br />5/28/02 <br /> <br />$248,300 <br />$216,800 <br />$189,900 <br />$238,100 <br />$197,500 <br /> <br />It)A ()3 <br /> <br />Please note that in the appraisal process, it is difficult to find properties with exact <br />amenities when searching for comparable sales. Therefore, adjustments from the base <br />price are made to reflect differences in property characteristics. When testing the <br />reasonableness of a comparable sale and adjustments to it, a unit of comparison is <br />used. The most common unit of comparison in residential real estate is price per square <br />foot. <br /> <br />The assessment department strives for equity in property valuations. If at any time in <br />the future you feel you have information that would support a lower value, please contact <br />our office and schedule another recheck. <br /> <br />~ereIYarz.~ <br />~~ Radi <br />Appraiser <br /> <br />404 - 4th Avenue N. · Fargo, ND 58102 . Phone (701) 241-1340. Fax (701) 241-1339 <br />