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BCL APPRAISALS, INC. <br /> Uniform Residential Appraisal Report FileNo. 112881J <br /> FEATURE SUBJECT COMPARABLE SALE N0.4 COMPARABLE SALE N0.5 COMPARABLE SALE N0.6 <br /> 1120 Cox Farm Road 2012 Sugarwood Drive 2104 Sugarwood Drive <br /> Address Orono Orono, MN 55356 Orono, MN 55356 <br /> Proximi� co subec� 0.5 Mile South 0.6 Mile South <br /> Sale Price S S 719,999 S 899,900 � <br /> Sale Price/Gross Liv.Area S 0.00 s .ft. 5 180.68 s .ft. $ 254.28 s .ft. $ s .ft. <br /> Data Source(s) NStarMLS#3941110;DOM 105 NStarMLS#3950384;DOM 407 <br /> Verifcation Source(s) Count Records L/S 87.2% <br /> VALUEADJUSTMENTS DESCRIPTION DESCRIPTION �(-)SAdus�ment DESCRIPTION +(-)SAd'ustment DESCRIPTION +(-)EAd'ustmem <br /> Sale or Financing Short Listing <br /> Concessions Conv;O ;115100 -115,100 <br /> Date of Sale/Time s10/10;c10/10 Active <br /> Location N;Res;Private Road B;ReS;Res -35,000 B;Res;Private Road <br /> �easeholdlFee Sim le Fee Sim le Fee Sim le Fee Sim le <br /> sice 2.35 ac 37026 sf 15,000 1.11 ac 10,000 <br /> view N;Res;Ct Str B;Woods;Res -35,000 B;Woods;Res -39,000 <br /> oesi n(s� ie) Two-stor Two-stor Two-stor <br /> Qualit of Construction Q3 Q3 Q3 <br /> Actual A e 13 19 11 <br /> Candition C4 C4 C3 -39,000 <br /> Above Grade Total Btlrms. Baihs iotal Bdrms. Baths —rJ,O�� Total Bdrms. 62ths —�0,��� Total Bdrms. Baihs <br /> Room Count 8 3 2.1 9 4 2.2 10 4 3.1 <br /> Gross�ivin Area 35 2,672 s .ft. 3,985 s .ft. -45,900 3,539 s .ft. -30,300 s .ft. <br /> Basement&Finished 1345sf1008sfwo 2184sf1528sfwo -12,000 1846sf1300sfwo -7,500 <br /> Rooms Below Grade 1 rrObr1.Oba2o 1 rr2br1.Oba0o -13,000 1 rr1 br1.Oba10 -7,300 <br /> Functional U[ilit Good Good Good <br /> Heacin �cooiin FWA C/Air FWA C/Air FWA C/Air <br /> Ener Efficient�cems T ical T ical T ical <br /> Gara eiCar on 3 Car Gara e 3 Car Gara e 3 Car Gara e <br /> Porch/Patio/Deck Pat/Dk/ScrnPor Deck 5,000 Deck,Porch <br /> 1 F/P 3 Fire laces -6,000 2 Fire laces -3,000 <br /> A I,BIs,Sec,Wh Similar Similar <br /> Net Ad ustment(Total + X - S 131,900 + X - S 241,200 + $ <br /> � Adjusted Sale Price Net Adj. -18.3% Net Adj. -26.8% Net Adj. % <br /> : ofCom arables GrossAd. 23.9% � 588 099 GrossAd. 29.0% S 658 700 GrossAd. % 8 <br /> ITEM SUBJECT COMPARABLE SALE N0.4 COMPARABLE SALE N0.5 COMPARABLE SALE N0.6 <br /> • Date of Prior Sale/Transfer 08/17/2011 <br /> . Price of Prior Sale/Transfer $555,000 <br /> : �a�a source(s) NStarMLS & Henn Co Rc NStarMLS& Henn Co Rc NStarMLS & Henn Co Rc <br /> . Ettective Date ot Data Source s 08/30/2011 08/30/2011 08/30/2011 <br /> Summary of Sales Comparison Approach Com arables 4 and 5 are from Su arwood, a small develo ment to the south with onl 24 homes on a <br /> rivate street. It is ver wooded and secluded. Com 4 was a short sale. It has four bedrooms and four baths u , and two more <br /> � bedrooms and one bath down in the walkout basement. GLA is lar er for above rade and the basement. Com 5 is a current listin , <br /> on the market for over a ear. Home has a two stor reat room, cherr millwork, built-ins, and floorin ; a four season orch; in-floor <br /> heat; front and back staircases; and finished walkout with wet bar, fitness room and recreation room, and one more bedroom. <br />