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Uniform Residential Appraisal Report File# 2018-008
<br /> The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.
<br /> Property Address Lot 1,CSM 2384 city Stoughton State WI Zip Code53589
<br /> BorrowerTheran D.&Mia K.Kahl Owner of Public Record Therm D.&Mia K.Kahl CountyDane
<br /> Legal Description See Comments...
<br /> S Assessors Parcel# 0512-053-9700-7 Tax Year 2017 R.E.Taxes$1,120
<br /> U Neighborhood Name Town of Albion Map Reference SCWMLS Map Census Tract 121
<br /> B Occu•ant
<br /> Ea Owner Tenant-Vacant Special Assessments$ 0 -PUD HOA$O IN per year -per month
<br /> E Property Rights Appraised X Fee Simple Leasehold I I Other(describe)
<br /> C Assignment Type F-1 L
<br /> Purchase Transaction Refinance Transaction n l Other(describe) New Construction
<br /> T Lender/Client Oregon Community Bank Address 733 N.Main Street,Oregon,WI 53575 �
<br /> Is the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of the appraisal? n Yes L5 1 No
<br /> Report data source(s) used, offering price(s), and date(s). SCWMLS/Owner. The subject property has not been offered for sale within the last 12 months. The
<br /> _sub'ect ip prop sect new construction and is under a buildine contract for$652.878 not includine the site See Comments
<br /> I I I did I did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not
<br /> C performed.
<br /> O
<br /> N
<br /> T Contract Price$ Date of Contract Is the property seller the owner of public record? n Yes 1 No Data Source(s)
<br /> R Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance,etc.)to be paid by any party on behalf of the borrower? n Yes 1 I No
<br /> A
<br /> C If Yes,report the total dollar amount and describe the items to be paid:
<br /> T
<br /> Note:Race and the racial composition of the neighborhood are not appraisal factors.
<br /> •hborhood Characteristics One-Unit Housing Trends One-Unit Housing Percent Land Use%
<br /> N Location Urban X Suburban Rural Property Values Increasing X Stable Declining PRICE AGE One-Unit 50 %
<br /> E Built-Up I 'Over 75%I X 1 25-75% I I Under25% Demand/Supply-Shortage © InBalance' I OverSupply $(000) (yrs) 2-4 Unit 0 %
<br /> G Growth MI Rapid ©Stable -Slow Marketing Time©Under 3 mth-I- 3-6 mths I-Overe mths 185 Low 0 Multi-Family 0
<br /> H Neighborhood Boundaries Hwy 51 to the south, County Road W& Interstate 90 to the east, 850 High 125 Commercial 5 %
<br /> B
<br /> O County Road B to the north, and County Road N to the west. 575 Pred. 25 Other 45 %
<br /> R Neighborhood Description The subject property is located in a suburban setting in the Town of Albion in the southeast segment of Dane
<br /> HCounty and is only short distance to the City of Stoughton which offers schools, shopping, business services,_and employment
<br /> O opportunities for the area. See Comments....
<br /> D Market Conditions (including support for the above conclusions) The market appears to be generally stable with interest rates on conventional
<br /> mortgages ranging from 3.25%o 6.50% with 0 points. Appreciation of homes in the area appears to be stable at this time. See
<br /> _Comments,.,
<br /> Dimensions Irregular Area 4.62 ac shape Irregular Yew N;Woods,Glfvw
<br /> Specific Zoning ClassificationR11-2 Zoning Description Rural Housing
<br /> Zoning Compliance I X I Legal I I Legal Nonconforming(Grandfathered Use) n No Zoning n Illegal(describe)
<br /> Is the highest and best use of the subject property as improved(or as proposed per plans and specifications)the present use? I X I Yes 1 I No If No,describe
<br /> s Utilities Public Other(describe) Public Other(describe) Off-site Improvements—Type Public Private
<br /> I Electricity X Water X Well street Asphalt X
<br /> T Gas n I X I LP Gas sanitary sewer I I I X I Septic Alley None I I I I
<br /> FEMA Special Flood Hazard Area MI Yes ©No FEMA Flood Zone X FEMA Map No.5502SC0661H FEMA Map Date09/17/2014
<br /> DAre the utilities and oft-site improvements typical for the market area? l Yes I INo. If No,describe
<br /> Are there any adverse site conditions or external factors(easements, encroachments, environmental conditions, land uses,etc.)? n Yes IXI No If Yes,describe
<br /> No apparent adverse easements, encroachments or other adverse conditions were observed or reported. The subject site appears well
<br /> suited as a residential dwelling site. Title documents were not reviewed by the appraiser. The subject property is not an
<br /> _over-improvement for the area. S ,Comments....
<br /> General Description Foundation Exterior Description nnterWsfoeeditlon Interior rnat rials/oondltlon
<br /> Units 15 I One n One with Accessory Unit �I�I Concrete Slab Crawl Space Foundation Walls PotuedConcrete/Gd Floors Cpt/Tile/Wd/Gd
<br /> I ^1
<br /> #of Stories 2.00 Full Basement Partial Basemen) Exterior Walls CmtBrd/Stone/Gd Walls Dw/Pt/Gd
<br /> Type©Det.I ,An.I I S-Det/End Unit Basement Area 2,127 sq.ft. Roof Surface Cmp.Shingle/Metal/Gd Trim/Finish Wd/Gd
<br /> Existing X I Proposed !Under Consl Basement Finish 28% Gutters&Downspouts p Aluminum/Gd Bath Floor Tile/Gd
<br /> Design(Style) Transitional [ I Outside Entry/Exit I X I Sump Pump Window Type Casement/Gd Bath Wainscot
<br /> T'le/Gd
<br /> Year Built 2018 Evidence of I I Infestation Storm Sash/Insulated Yes/Gd Car Storage I 1 None
<br /> Effective Age(Yrs) llew J I Dampness I I Settlement _Screens Yes/Cl I X I Driveway #of Cars 10
<br /> Attic I None Heating IXI FWA I LHWBB I X I Radiant Amenities I_I WoodStove(s)#0 Driveway iveway Surface Concrete
<br /> I -Drop Stair Stairs Other Fuel Nat Gas IX I Fireplace(s)#1 n��Fence None l n Garage #of Cars 3
<br /> M I Floor X Scuttle Cooling X Central Air Conditioning n Patio/Deck None l 5 l Porch Scrod n Carport *of Cars 0
<br /> P I1 Finished FT Heated TT Individual Other None 1 X I Other FrtPrch _I X I An. Det.
<br /> R _I I Pool ll n Built-in
<br /> O Appliances I I Refrigerator I I Range/Oven I X!Dishwasher'X Disposall X I Microwave I I Washer/Dryer I Other(describe)
<br /> ✓ Finished area above grade contains: 9 Rooms 3 Bedrooms 2.1 Bath(s) 2,907 Square Feet of Gross Living Area Above Grade
<br /> E Additional features (special energy efficient items, etc.) See Comments....
<br /> M
<br /> E
<br /> N Describe the condition of the •ro•e including needed repairs, deterioration, renovations, remodeling, etc.). Cl'NO u.dates in the rrior 15
<br /> 3 vears;bubjeet improvements are new construction and will be in good condition. No typical deferred maintenance noted.
<br /> Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? n Yes ©No If Yes,describe
<br /> Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? I�Yes n No If No,describe
<br /> Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 1 of 6 FannieMaeForm1004March2005
<br /> Michael Milia Appraisal Service
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