SCOPE OF THE APPRAISAL

The scope of this appraisal requires conducting a number of independent investigations and analysis concerning the subject property and the regional and neighborhood conditions influencing its market value. Some the investigations conducted and the major data sources used are listed below. This appraisal assignment was completed for the City of Oakwood use only.

For the analysis of the regional and neighborhood conditions, the primary data was collected from local government sources, the Montgomery County Chamber of Commerce, the United States Census Bureau, and data retained in office files. For establishing real estate trends in the various rental surveys were considered.

For the neighborhood description and market analysis, data was collected personally by the appraiser, along with other general sources utilized for description of the immediate and general neighborhood.

The site and improvement description and analysis was prepared subsequent to a physical inspection of the site by the appraiser.

The collection of market data used in this appraisal report was prepared by researching the publish records, interviewing various real estate professionals, the real estate principals, researching our firm's data bank and reviewing the commercial data bank serving the area.

All three of the generally accepted approaches to value, the Cost, Sales Comparison, and Income Approaches, will be considered in the report in order to estimate the current market value. These approached are explained in more detail further on in the report.

INTENDED USE OF THE APPRAISAL

The intended use of this appraisal is to estimate the current market value of the fee simple interest in the current as is condition, of the property located at 1313 Far Hills Avenue, Oakwood, Montgomery County, Ohio. The date of valuation is May 22, 2024. The date of the last physical inspection is May 22, 2024.

FUNCTION OF THE APPRAISAL

It is understood that the function of the appraisal is to estimate the market value as of May 22, 2024. This appraisal report is believed to be in conformance with the appraisal guidelines of the Appraisal Institute.