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REAL ESTATE APPRAISAL <br /> PURPOSE OF APPRAISAL: <br /> To inspect, appraise and estimate the Current Market Value of the property <br /> described herein. Market Value is the most probable price which a property should <br /> bring in a competitive and open market under all conditions requisite to a fair sale, <br /> with the buyer and seller, each acting independently, prudently, knowledgeably and <br /> assumin the rice is not affected b undue stimulus. (See Conditions and <br /> g P Y <br /> Limitations for E�ended definition) <br /> SCOPE OF APPRAISAL: <br /> Information regarding sales or transfers of City owned property or portions <br /> of streets, alleys or right -of- way to owners of adjoining land was obtained from <br /> the records of the Macon County Recorder's Office, the Decatur Township <br /> Assessor's Office and the Macon County Supervisor of Assessments Of�'ice. The <br /> physical data and sales prices of comparable properties in this report have been <br /> confirmed by public records and documents. Information thus obtained is assumed <br /> to be correct. The three customary Approaches to Value were considered in the <br /> preparatory stages of this appraisal.. Neither the Cost Approach or Income <br /> Approach would be applicable to this appraisa.l and were not used. The only <br />� Appraisal Approach applicable to this appraisa.l is the Sales Comparison(Market) <br /> Approach . The sales or transfers relied upon are listed in this appraisal. <br /> The Appraiser, in making this Appraisal, personally inspected the tract of <br /> land to be appraised. Measurements were made and notes taken of those matters <br /> relating to or having an effect on value. All other sales or transfers referred to <br /> herein were visually inspected by the appraiser. <br /> DESCRIPTION OF PROPERTY TO BE APPRAISED: <br /> A triangular tract of land lying adjacent to and abutting Lot 22 of Lake <br /> Park Addition and consisting of 138.4 square feet and more particularly described <br /> as follows: <br /> Beginning at the Northwest corner of Lot 22 of Lake Park <br /> Place Addition, as per plat recorded in Book 536, Page 104 <br /> of the records in the Recorder's Office of Macon County, <br /> Illinois;thence Northwesterly along the West line of said Lot I <br /> 22 e�ended a distance of 7 feet;thence Easterly to a point on <br /> the North line of said Lot 22, said point being 40 feet Northeasterly ��� <br /> from the point of beginning; thence Southwesterly to the point of '�, <br /> beginning. Containing 138.4 square feet. (Plat Attached) ', <br /> i <br />