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<br />- Client: Mr. Pat Bassano <br />First Federal Co <br />630 Clarksville <br />Paris, TX 75460 <br />A12oraiser: Pat Murphy and, <br />712 l9th SE <br />Paris, TX 75460 <br />Identification of the Propertv <br />The subject was essentially six pl <br />commercial land situated on the noi <br />some 160' west of 17'h NW street in <br />addresses were 1726 and 1746 Bont <br />Historv of the Subject <br />The ►ots have belonged to R. C Nanc <br />have been rented but all were vacant <br />the two others to be moved. The subjec <br />a 210' x 156' facing Bonham and a 211 <br />buyer offered $45,000 and the seller <br />dedicated but undeveloped alley and tl <br />June 22, 2001, the property was re-z <br />ciosed. It will formally be closed on Se <br />the petition and it has received approv, <br />Engineer. The buyer offered $45,000 <br />of any other contracts or offers to sell <br />Purpose of the Appraisal <br />The purpose of this appraisal was to <br />as of Augus[ 14, 2001. <br />Intended Use of the Appraisal <br />Bank <br />:d lots and two half lots comprising some 68,460 SF of <br />side of Bonham street and the south side of Maple Avenue <br />I western portion of Paris, Lamar County, Texas. The street <br />I <br />i street and 1735 through 1753 Maple Avenue, Paris, Texas. <br />and his estate for many years. Some of the four dwellings <br />the inspection. The buyer will raze two dwellings and sell <br />has been listed for sale since December 1, 1999, as two lots, <br />x 155' lot facing Maple for a total list price of $50,000. The <br />ccepted the offec The two halves were separated by a IS' <br />y were zoned Two Family. Since [he contract was signed on <br />ned General Retail and the alley has been approved to be <br />ember 6, 2001, but ail adjacent property owners have signed <br />by the Director of Public Works, City Attorney, and the City <br />id the seller accepted the offer. The appraiser was unaware <br />,r purchase the property. <br />an opinion of the market value of the fee simple estate <br />The intended use of this appraisal was to aid the client and intended user, First Federal Community <br />Bank in underwriting a mortgage loan on the subject. Its use by others or for any other use was not <br />intended by the appraiser. <br />L,eeal Descri~t'~on <br />- The subject is legally described as Lot 4, 5, 6 18, 19, 20 and the west half of Lots 3 and 17, Block <br />1, Warren Addition to the City of Pari . As a result of the 15' alley closing, the each lot will have an <br />additional 7.5' of depth. <br />PAT MUkPHY & ASSOCIATES 2 <br />