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<br /> SUBJECT INFORMATION SHEET
<br /> NAME Christopher Mandy
<br /> ADDRESS 2175 Webber Hills Rd
<br /> PID# 03-1 17-23-34-0003 PROPERTY TYPE R
<br /> SALE PRICE $389,000 SALE DATE 1/2010 YEAR BUILT 1972
<br /> STORY HGT. Split Level BSMT. FINISHING Half LOT SIZE 42732
<br /> GROSS BLDG. AREA 2824 BATH - DELUXE PORCH- GLAZED
<br /> GROUND FLR. AREA 2824 FULL 1 SCREENED
<br /> GARAGE- ATT. 3/4 2 OPEN
<br /> DET. 1/2 1 DECK 360
<br /> TUCKUNDER 664 # OF BEDROOMS 5 # OF FIREPLACES 2
<br /> CENTRAL AIR Yes WALKOUT Yes LAKESHORE
<br /> MISC. COMMENTS: The homeowner purchased the property for 389,000 and has an appraisal that
<br /> supported that value. The property was in foreclosure at the time of the sale; this transaction was
<br /> under duress and not considered an arms-length transaction. After inspecting the property and
<br /> comparing that to arms length transaction in the area, it was determined that the owner purchased the
<br /> property below market value. The appraisal was done to secure the loan and under states the value
<br /> with below market adjustments.
<br /> VALUATION 2009 PAY 2010 2010 PAY 2011 RECOMMEND COUNCIL ACTION
<br /> LAND $l 45,000 $145,000
<br /> BUILDING $334,000 $285,000
<br /> TOTAL $479,000 $430,000 No Change
<br /> ASSESSOR: Nate Stulc DATE: 04/27/2010
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