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Home My Public Portal About11-0017 SolomonPermit No. City of 403 Butler Phone bee Island • Community Develd lent Dept. Inspection Report Ave. • P.O. Box 2749 • Tybee Island, GA 31328 912.786.4573 ext. 114 • Fax 912.786.9539 !L-00T1 Owner's Name S-3 (0 m ea n ✓rS. CoI MEW INTERNATIONAL CODE COUNCIL' MEMBER Date Requested Date Needed Gen. Contractor 0001. D (• S r V C! Subcontractor Contact Information Project Address Scope of Work Inspector 103\ n �- po,r- Inspection , ( GI P\ p c . (o58 --72. 9 30 vy, a Date of Inspection E Inspection ` n Q..\ p i ` U �n L Pass 1 5 Liz t/r� Pass En Fail Fee Fee l ‘ 2 Inspection Pass El Fail •D Fee Inspection r■ r J e L 1 RSS Pass Fail Fee Permit No, City of ' ee Island • Community Develor Int Dept. Inspection Report 403 Butler Ave. • P.O. Box 2749 • Tybee Island, GA 31328 Phone 912.786.4573 ext. 114 • Fax 912.786.9539 Date Requested INTERNATIONAL CODE COUNCIL MEMBER Owner's Name ..0 )0 nn On Date Needed -2 2 - - ; , Gen. Contractor 0 nin.S.'i) . 5r\/S. Subcontractor Contact Information --T-0(1 (19 53"-- 12.39 Project Address I 00 I Scope of Work - -10 110 V f ' ,,,_ ?) Inspector Date of Inspection cp,s s--\\ Inspection 341-C.) - - 1-1 Oy-) 41-K1 ".; Pass /. ' ) Fee Inspection Pass El Fail Fee Inspection Pass Fail Fee Inspection Pass Fail Fee City of ■ aee Island • Community Develo'�, ent Dept. Inspection Report a on 403 Butler Ave. • P.O. Box 2749 • Tybee Island, GA 31328 Phone 912.786.4573 ext. 114 • Fax 912.786.9539 Permit No. Date Requested il��` ;:_r_ INTERNATIONAL CODE COUNCIL MEMBER Owner's Name ( o tel, =,) _,., Date Needed .% ' - Gen. Contractor 0r) r 5 1• .r J c . Subcontractor Contact Information ( n S Lg - 12 3 ici Project Address 1 0 0 1 P u ;,l (( - f Scope of Work. re(JG.� - re ;:fr�(2c, ..,., i 0 Inspector ) r 7 Date of- Lnspection (Qtss 1 Inspection ? r- P_ e c . ss Fail El Fee Inspection ' `� `� � 0 Inspection r �^ . „15 MI Pass ®r Fail Fee ‹e,ss ass Fail ❑ Fee Inspection Pass ❑ Fail ❑ Fee TX Result Report P 1 01/28/2011 15:12 Serial No. CM35228060004 TC: 229441 Destination Start Time Time Prints Result Note Georgia Power 01 -28 15:11 00:00:44 001/001 OK Note MIX: Mixed Original_TX11CALL:OManual1TX. Original Size FWD:FForwarr"d. PC:aPC -Fax, BND: Double -Sided Binding Direction. SP: Special original, FCODE: F -code, RTX: Re -TX, RLY: Relay, MBX: Confidential. BUL: Bulletin, SIP: SIP Fax. IPADR: IP Address Fax. I -FAX: Internet Fax Result OK: Communication OK, S -OK: Stop Communication, PW -OFF: Power Switch OFF, TEL: RX from TEL, NG: Other Error, Cont: Continue, No Ans: No Answer, Refuse: Receipt Refused, Busy: Busy, M- Full:Memory Full, LOVR :Receiving length Over, POVER:Receiving page Over, FIL :File Error, DC:Decode Error, MDN:MDN Response Error, DSN:DSN Response Error. RELEASES FOR ELECTRIC SERVICE FROM TYEEE ISLAND FOR •_ FAX TO: Lycra $rennaa 931,119.114.3s5.37 Phone 912 ■- - QO.- : T aJ h- 22Y0S- G'e- -r6.1 3cdg- 2 4o2S Location Address: Type of Release: Electrician- Owner/Suilder: 1nvI ajfAa, 1 ec3z::> Temporary Lot # Release Date: b,,f �ermanent Subd Name: 1, 9� i/% lt! Electrician Phoac Number: 45Ct5-t"—J Phone Number: 1..7 -7239 Location Address: Type of Release: Temporary Permanent Subd Name: Electrician: Lot # Release Date: Electrician Phone Number: OwnerBuilder: Phone Number_ Location Address: Type of Release: Temporary Permanent Electrician: OwnerBuilder: Lot # Release Date: Subd Name: Electrician Phone Number: Phone ■umber_ FOR t i o rl :a. to uve r /, CO/ 7 RELEASES FOR ELECTRIC SERVICE FROM TYBEE ISLAND . FAX TO: Lynn Brennan 912=944=32537 Phone 912 30(o- 2(odi_ 306-2Vor 064y 34- 2 (.2s Location Address: 1 00 1 4113 13j) Lot # Type of Release: Temporary Permanent Subd Name: Electrician: Owner/Builder: Release Date: Electrician Phone Number: 64-c2-80 vim- t� icts Phone Number: W S0 723 3 Location Address: Lot # Release Date: Type of Release: Temporary Permanent Subd Name: Electrician: Owner/Builder: Electrician Phone Number: Phone Number: Location Address: Lot # Release Date: Type of Release: Temporary Permanent Subd Name: Electrician: Owner/Builder: Electrician Phone Number: Phone Number: City of bee Island • Community Develcc_ rent Dept. Inspection Report 403 Butler Ave. P.O. Box 2749 • Tybee Island, GA 31328 Phone 912.786.4573 ext. 114 • Fax 912.786.9539 Permit No. Date Requested / 2'2 / / / Owner's Name Date Needed I -7 I - ) ---, , Gen. Contractor ..----- )/\1-<-k i Trc--.7" J Subcontractor i..-05<// /Z; h—e2-14/(L__ Contact Information ,... 1,,),_ c9C/4- - /7:479 Project Address / 11:)(.-1 i -)4-^ / -----7, --- Scope of Work __ _ __ ., __ , / ,,‘_idoz,51 i / Inspector '2 (') Date of Inspection -II- ri surialk REIrai INTERNATIONAL CODE COUNCIL MEMBER Inspection (if?' ,<Er__1/24.17-: Pass Er Fail Fee Inspection Pass El Fail E3 Fee Inspection Pass 0 Fail Fee Inspection Pass 0 Fail 0 Fee DATE ISSUED: 01 -13 -2011 WORK DESCRIPTION CITY OF TYBEE ISLAND BUILDING PERMIT REPAIRS TO FIRE DAMAGED AREAS WORK LOCATION 1001 HWY 80 OWNER NAME TOMMY SOLOMON ADDRESS PO BOX 13 CITY, ST, ZIP TYBEE ISLAND GA 31328 -0013 PHONE NUMBER CONTRACTOR NAME CONSOLIDATED SERVICES ADDRESS PO BOX 60593 CITY STATE ZIP SAVANNAH GA 31420 FLOOD ZONE BUILDING VALUATION SQUARE FOOTAGE OCCUPANCY TYPE P TOTAL FEES CHARGED $ 155.00 PROPERTY IDENTIFICATION # PROJECT VALUATION $19,928.00 PERMIT #: 110017 TOTAL BALANCE DUE: $ 155.00 It is understood that if this permit is granted the builder will at all times comply with the zoning, subdivision, flood control, building, fire, soil and sedimentation, wetlands, marshlands protection and shore protection ordinances and codes whether local, state or federal, including all environmental laws and regulations when applicable, subsequent owners should be informed that any alterations to the property must be approved by the issuance of another building permit. Permit holder agrees to hold the City of Tybee Island harmless on any construction covered by this permit. This permit must be posted in a conspicuous location in the front of building and protected from the weather. If this permit is not posted work will be stopped. The building contractor will replace curb paving and gutter broken during construction. This permit will be voided unless work has begun within six months of the date of issuance. Signature of Building Inspector or Authorized Agent: 0,-(Covt,k) P. 0. Box 2749 - 403 Butler Avenue, Tybee Island, Georgia 31328 (912) 786 -4573 - FAX (912) 786 -9539 www.cityoftybee.org CITY OF TYBEE ISLAND, GEORGIA APPLICATION FOR BUILDING PERMIT (i_co(-7 Location: /0o ( PIN # 4 - d o 2 4 - o 7_006, ADDRESS TELEPHONE Owner T-horr►ksC • 5o(o rn e N '.o. r3ox 13 T7 %J Rt- S r Qt2- 645 - 4'16 -Ye Architect or Engineer f '`, '4_, Building Contractor em ■So l• J.r -tral Try ``7 e_ to4 ro. o , / c .r COOS-9 3 `-- 3 (Y z a I ("7 L 2 • 3 (o S8 - (Check all that apply) [Repair enovation Pi Minor Addition Substantial Addition Other II I Details of Project: /Vut) bra S'4.. G.rze - xc-l� - 3i�uae/ [- Residential mingle Family Duplex Multi-Family n Commercial II n Footprint Changes Discovery n Demolition I I �l�pA�S -fo .,•edc")74- , g2eA - -i-Ec hQa�, ksF s} �.oc� vac 4 Q w ��^r'7 / .- g ,,.ct' C (�l�N� r, cow -' C.fg. ThcfwHII rim FE-1C'tw.. .zeveek? (3-1.4.7 n 7I-U 7 a i...125 Z.', V,r-I s r E.J 6 a % 006)1, . 9 Construction Type / (Enter appropriate number) (I) Wood Frame (4) Masonry (6) Other (please specify) (2) Wood & Masonry (5) Steel & Masonry Estimated Cost of Construction: $ (3) Brick Veneer Proposed use: Remarks: ATTACH A COPY OF THE CERTIFIED ELEVATION SURVEY OF LOT and complete the following information based on the construction drawings and site plan: # Units Lot Area # Off-street parking spaces # Bedrooms # Bathrooms Living space (total sq. ft.) Trees located & listed on site plan Access: Driveway (ft.) Setbacks: Front With culvert? With swale? Rear Sides (L) (R) # Stories Height Vertical distance measured from the average adjacent grade of the building to the extreme high point of the building, exclusive of chimneys, heating units, ventilation ducts, air conditioning units, elevators, and similar appurtances. During construction: On -site restroom facilities will be provided through o w 5 r T fg- On -site waste and debris containers will be provided by C o A-71/' of c-4-1 -( sitw4A-.wm-4 SQ-K› Construction debris will be disposed by to .r,1<r,4 c-J ' by means of D v. pr- e. r I understand that I must comply with zoning, flood damage control, building, fire, shore protections and wetlands ordinances, FEMA regulations and all applicable codes and regulations. I understand that the lot must be staked out and that the stakes will be inspected to ensure that the setback requirements are met. I understand also that a certified plot plan showing elevation must be attached to this application and that an as -built elevation certification is due as soon as the habitable floor level is established. Drainage: I realize that I must ensure the adequacy of drainage of this property so that surrounding property is in no way adversely affected. I accept responsibility for any corrective action that may be necessary to restore drainage impaired by this permitted construction. Date: /- ! 3 - / / Signature of Applicant: Note: A permit normally takes 7 to 10 days to process. The following is to be completed by City personnel: Zoning certification NFIP Flood Zone Approved rezoning /variance? Street address and number: New Existing Is it in compliance with City map? If not, has street name and/or number been reported to MPC? FEMA Certification attached State Energy Code Affidavit attached Utilities and Public Works: Describe any unusual finding(s) Access to building site Distance to water main tap site Distance to sewer stub site Water meter size Storm drainage Approvals: Signature Date Zoning Administrator Code Enforcement Officer Water /Sewer Storm/Drainage Inspections City Manager 4.. o.ro J rT P lo- oS99 FEES Permit Inspections Water Tap Sewer Stub Aid to Const. TOTAL 2 o > LEAD -BASED PAINT Adapted from http : / /www.epa.gov /lead /pubs /renovation.htm. Please use that site to access the following information. Information for Property Owners of Rental Housing, Child- Occupied Facilities Property owners who renovate, repair, or prepare surfaces for painting in pre -1978 rental housing or space rented by child -care facilities must, before beginning work, provide tenants with a copy of EPA's lead hazard information pamphlet Renovate Right: Important Lead Hazard Information for Families, Child Care Providers, and Schools. Owners of these rental properties must document compliance with this requirement. EPA's sample pre- renovation disclosure form may be used for this purpose. After April 22, 2010, property owners who perform these projects in pre -1978 rental housing or space rented by child -care facilities must be certified and follow the lead -safe work practices required by EPA's Renovation, Repair and Remodeling rule. To become certified, property owners must submit an application for firm certification and fee payment to EPA. The Agency has up to 90 days after receiving a complete request for certification to approve or disapprove the application. Property owners who perform renovation, repairs, and painting jobs in rental property should also: • Take training to learn how to perform lead -safe work practices. • Learn the lead laws that apply regarding certification and lead -safe work practices beginning in April 2010, • Keep records to demonstrate that you and your workers have been trained in lead -safe work practices and that you followed lead - safe work practices on the job. To make recordkeeping easier, you may use the sample recordkeeping checklist that EPA has developed to help contractors comply with the renovation recordkeeping requirements that took effect April 2010. • Read about how to comply with EPA's rule in the EPA Small Entity Compliance Guide to Renovate Right. • Read about how to use lead -safe work practices in EPA's Steps to Lead Safe Renovation, Repair and Painting. Information for Homeowners Working at Home If you are a homeowner performing renovation, repair, or painting work in your own home, EPA's RRP rule does not cover your project. However, you have the ultimate responsibility for the safety of your family or children in your care. If you are living in a pre -1978 home and planning to do painting or repairs, please read a copy of EPA's Renovate Right: Important Lead Hazard Information for Families, Child Care Providers, and Schools lead hazard information pamphlet. You may also want to call the National Lead Information Center at 1- 800 -424- LEAD (5323) and ask for more information on how to work safely in a home with lead -based paint. Information for Tenants and Families of Children under Age 6 in Child Care Facilities and Schools As a tenant or a parent or guardian of children in a child care facility or school, you should know your rights when a renovation job is performed in your home, or in the child care facility or school that your child attends. • Before starting a renovation in residential buildings built before 1978, the contractor or property owner is required to have tenants sign a pre- renovation disclosure form, which indicates that the tenant received the Renovate Right lead hazard information pamphlet. • Beginning in December 2008, the contractor must also make renovation information available to the parents or guardians of children under age six that attend child care facilities and schools, and to provide to owners and administrators of pre -1978 child care facilities and schools to be renovated a copy of EPA's Renovate Right: Important Lead Hazard Information for Families, Child Care Providers, and Schools lead hazard information pamphlet. Information for Contractors As a contractor, you play an important role in helping to prevent lead exposure. Ordinary renovation and maintenance activities can create dust that contains lead. By following the lead -safe work practices, you can prevent lead hazards. Contractors who perform renovation, repairs, and painting jobs in pre -1978 housing and child- occupied facilities must, before beginning work, provide owners, tenants, and child- care facilities with a copy of EPA's lead hazard information pamphlet Renovate Right: Important Lead Hazard Information for Families, Child Care Providers, and Schools. Contractors must document compliance with this requirement. EPA's pre- renovation disclosure form may be used for this purpose. Understand that after April 22, 2010, federal law will require you to be certified and to use lead -safe work practices. To become certified, renovation contractors must submit an application and fee payment to EPA. See: Application for firm certification. The Agency has up to 90 days after receiving a complete request for certification to approve or disapprove the application. Contractors who perform renovation, repairs, and painting jobs should also: • Take training to learn how to perform lead -safe work practices. • Find a training provider that has been accredited by EPA to provide training for renovators under EPA's Renovation, Repair, and Painting (RRP) Program. Please note that if you previously completed an eligible renovation training course you may take the 4 -hour refresher course instead of the 8 -hour initial course from an accredited training provider to become a certified renovator. Click here for a list of eligible courses. • Provide a copy of your EPA or state lead training certificate to your client. • Tell your client what lead -safe methods you will use to perform the job. • Learn the lead laws that apply to you regarding certification and lead -safe work practices beginning in April 2010. • Ask your client to share the results of any previously conducted lead tests. • Provide your client with references from at least three recent jobs involving homes built before 1978. • Keep records to demonstrate that you and your workers have been trained in lead -safe work practices and that you followed lead - safe work practices on the job. To make recordkeeping easier, you may use the sample recordkeeping checklist that EPA has developed to help contractors comply with the renovation recordkeeping requirements. • Read about how to comply with EPA's rule in the EPA Small Entity Compliance Guide to Renovate Right. • Re. • about he to use lead -safe work practices in EPA's Steps to Lead Safe Renovation, Repair and Painting. *PM -.... IT _IF YOU'RE NOT LEAD-SAFE CERTIFIED, ;DISTURBING -JUST SIX SQUARE FEET °COULD COST YOU -BIG TIME. Signature Printed Name Date Permit Acknowledgement of Asbestos /Environmental Notification to Georgia EPD for Projects Involving Demolition, Wrecking, or Renovation The undersigned hereby acknowledges that the issuance of this permit does not in any way grant permission to the owner, owner's representative, or permit holder to proceed with demolition, wrecking, or renovation of a structure prior to the filing of any required ten (10) day "Project Notification for Asbestos Renovation Encapsulation or Demolition" form in accordance with the Georgia Asbestos Rules. The Georgia Environmental Protection Division administers the rules. In most cases, the rules require both the owner and the involved contractors to assure the portion of the building involved in the project is thoroughly inspected by an Accredited Asbestos Inspector for materials that contain asbestos; and the removal of the asbestos before renovation, wrecking, or demolition begins almost without exemption. Georgia EPD requires a completed demolition notification from be submitted 10 workings days in advance even if no asbestos is present in the building. Further guidance for regulatory compliance and contact telephone numbers are provided by the brochures entitled Asbestos & Renovation and Asbestos and Demolition. Other environmental issues such as asbestos removal techniques, lead abatement, ground contamination, or unusual site conditions may have EPD regulations that could affect the project. cpvy ■ Undersigned Date 041 Printed Name Office Use Only: Project Address: Permit Number: Main File No. J122910011 Page #2 JAN O42011 13Y: APPRAISAL OF REAL PROPERTY LOCATED AT: 10 U.S. HIGHWAY 80 LOT 20 BLOCK 11 GARDEN WARD TYBEE ISLAND TYBEE ISLAND, GA 31328 FOR: THOMAS E. SOLOMON P.O. BOX 13 TYBEE ISLAND, GA 31328 AS OF: DECEMBER 24, 2010 BY: Scott Javetz 1Main File No. J122910011 Page #31 JAVETZ APPRAISALS LLC 1 OGLETHORPE PROFESSIONAL BLVD, SUITE 203 SAVANNAH, GA. 31406 912 - 544 -0036 DECEMBER 29, 2010 THOMAS E. SOLOMON P.O. BOX 13 TYBEE ISLAND, GA 31328 Re: Property: 10 U.S. HIGHWAY 80 TYBEE ISLAND, GA 31328 Borrower: THOMAS E. SOLOMON File No.: J12291001 In accordance with your request, we have appraised the above referenced property. The report of that appraisal is attached. The purpose of this appraisal is to estimate the market value of the property described in this appraisal report, as improved, in unencumbered fee simple title of ownership. This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and city, and an economic analysis of the market for properties such as the subject. The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice. The value conclusions reported are as of the effective date stated in the body of the report and contingent upon the certification and limiting conditions attached. It has been a pleasure to assist you. Please do not hesitate to contact me or any of my staff if we can be of additional service to you. Sincerely, Scott Javetz Javetz Appraisals, LLC Uniform Residential Appraisal Report Main File No. J1 2291 001 1 Page #4 File # J12291001 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. Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND State GA Zip Code 31328 Borrower THOMAS E. SOLOMON Owner of Public Record THOMAS E. SOLOMON County CHATHAM Legal Description LOT 20 BLOCK 11 GARDEN WARD TYBEE ISLAND Assessor's Parcel # 4- 26 -7 -9 Tax Year 2010 R.E. Taxes $ 3,010 /EST Neighborhood Name TYBEE ISLAND Map Reference 50 Census Tract 0111.03 Iii Occupant ❑ Owner Tenant ❑ Vacant Special Assessments $ 0.00 ❑ PUD HOA $ N/A ❑ per year ❑ per month s w Property Rights Appraised ' Fee Simple ❑ Leasehold ❑ Other (describe) Assignment Type ❑ Purchase Transaction ❑ Refinance Transaction ■ Other (describe) MARKET VALUE PURPOSES Lender /Client THOMAS E. SOLOMON Address P.O. BOX 13, TYBEE ISLAND, GA 31328 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 this appraisal? ❑ Yes II No Report data source(s) used, offering price(s), and date(s). MLX/OWNER. THE SUBJECT HAS NO LISTINGS OVER THE PAST 12 MONTHS ON THE _ LOCAL MLX SERVICE. I ❑ did ❑ 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 performed. N /A. THE SUBJECT IS NOT UNDER CONTRACT AT THIS TIME. I- t) gContract Price $ N/A Date of Contract N/A Is the property seller the owner of public record? ❑ Yes ❑ No Data Source(s) N/A z 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? ❑ Yes ❑ No o8 If Yes, report the total dollar amount and describe the items to be paid. N/A N /A. THE SUBJECT IS NOT UNDER CONTRACT AT THIS TIME THEREFORE NO SALES AGREEMENT NOR ANY SALES INFORMATION IS APPLICABLE WITHIN THIS APPRAISAL REPORT. Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood Characteristics One-Unit Housing Trends One -Unit Housing Present Land Use% Location ❑ Urban • Suburban ❑ Rural Property Values ❑ Increasing ❑ Stable // Declining PRICE AGE One -Unit 70 % o o § m Built-Up /1 Over 75% ❑ 25 -75% ❑ Under 25% Demand /Supply ❑ Shortage ❑ In Balance // Over Supply $ (000) (yrs) 2 -4 Unit 10 % Growth ❑ Rapid // Stable ❑ Slow Marketing Time ❑ Under 3 mths ❑ 3 -6 mths /1 Over 6 mths 150 Low NEW Multi - Family % Neighborhood Boundaries THE NEIGHBORHOOD BOUNDARIES ARE THE GEOGRAPHICAL 2,500+ High 100 Commercial 10 BOUNDARIES OF TYBEE ISLAND. 400 Pred. 35 Other 10 Neighborhood Description See attached addenda. w z Market Conditions (including support for the above conclusions) NO ABNORMAL MARKETING EXIST IN THE AREA. THE DEMAND FOR HOUSING IN THE AREA IS AVERAGE. NO UNUSUAL SALES CONCESSIONS APPEAR TO BE NECESSARY. Dimensions 50' X 90' Area 4,500 Sq.Ft. Shape RECTANGULAR View SIMILAR HOMES Specific Zoning Classification C -2 Zoning Description COMMERCIAL DISTRICT Zoning Compliance ■ Legal ❑ Legal Nonconforming (Grandfathered Use) ❑ No Zoning • Illegal (describe) Is the highest and best use of subject property as improved (or as proposed per plans and specifications) the present use? I 1 Yes ❑ No If No, describe Utilities Public Other (describe) Public Other (describe) Off -site Improvements - Type Public Private F 5 Electricity /a ❑ Water I ❑ Street PAVED ASPHALT /1 ❑ Gas ❑ 4 PROPANE Sanitary Sewer r1 ❑ Alley NONE ❑ ❑ FEMA Special Flood Hazard Area I Yes ❑ No FEMA Flood Zone AE FEMA Map # 13051CO213F FEMA Map Date 9/26/2008 Are the utilities and off -site improvements typical for the market area? 1 Yes ❑ No If No, describe Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)? ❑ Yes /1 No If Yes, describe NO APPARENT ADVERSE EASEMENTS OR ENCROACHMENTS WERE NOTED THAT SHOULD AFFECT MARKET VALUE. THE SUBJECT IS IDENTIFIED AS BEING IN THE FLOOD HAZARD AREA. SUBJECT TO SURVEY. SEE ATTACHED FLOOD MAP. General Description Foundation Exterior Description materials /condition Interior materials /condition Units • One ❑ One with Accessory Unit ❑ Concrete Slab /1 Crawl Space Foundation Walls CON BLOCK/AVG Floors HPNE,CPT,VN /AV # of Stories 1 -STORY ❑ Full Basement ❑ Partial Basement Exterior Walls FRAME /AVG Walls DWLL,PNL /AVG Type 0 Det. ❑ Att. ❑ S -Det. /End Unit Basement Area N/A sq.ft. Roof Surface COMP SHING /AVG Trim/Finish CROWN /AVG I Existing ❑ Proposed ❑ Under Const. Basement Finish N/A % Gutters & Downspouts DIVERTERS /AVG Bath Floor WOOD /AVG Design (Style) 1- STY /AVG ❑ Outside Entry/Exit ❑ Sump Pump Window Type SH METAL/AVG Bath Wainscot FIBERGLASS /AVG Year Built 1960 /EST. Evidence of ❑ Infestation NONE NT Storm Sash /Insulated NONE Car Storage ❑ None Effective Age (Yrs) 20 ❑ Dampness ❑ Settlement Screens SOME SCRNS /AVG ►1 Driveway # of Cars 2+ Attic ' None Heating O. FWA IQ HWBB ■ Radiant Amenities ❑ Woodstove(s) # Driveway Surface ROCK ❑ Drop Stair ❑ Stairs O. Other WALL Fuel ELECTRIC a/ Fireplace(s) # 1 ❑ Fence ❑ Garage # of Cars ❑ Floor ❑ Scuttle Cooling ❑ Central Air Conditioning a Patio /Deck /1 Porch ENTRY // Carport # of Cars 2 -CARS L ❑ Finished ❑ Heated ❑ Individual • Other WALL ❑ Pool ❑ Other ❑ Att. ►1 Det. ❑ Built-in w w oAdditional Appliances ❑ Refrigerator ❑ Range /Oven ❑ Dishwasher ❑ Disposal ❑ Microwave ❑ Washer /Dryer ' Other (describe) DAMAGED Finished area above grade contains: 7 Rooms 2 Bedrooms 2.1 Bath(s) 1,381 Square Feet of Gross Living Area Above Grade features (special energy efficient items, etc.). See attached addenda. a Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.). See attached addenda. Uniform Residential Appraisal Report iMain File No. J122910011 Page #5I File # J12291001 There are 41 comparable properties currently offered for sale in the subject neighborhood ranging in price from $ 129,900 to $ 399,900 There are 29 comparable sales in the subject neighborhood within the past twelve months ranging in sale price from $ 191,250 to $ 379,500 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 10 U.S. HIGHWAY 80 TYBEE ISLAND, GA 31328 208 MILLER AVENUE TYBEE ISLAND, GA 31328 301 10TH STREET TYBEE ISLAND, GA 31328 1504 JONES AVENUE TYBEE ISLAND, GA 31328 Proximity to Subject 0.75 miles SE 1.29 miles S 1.76 miles S Sale Price $ N/A $ 237,000 $ 219,000 $ 248,000 Sale Price /Gross Liv. Area $ sq.ft. $ 116.63 sq.ft. $ 305.87 sq.ft. $ 165.55 sq.ft. Data Source(s) APPRAISER DATA/MLS APPRAISER DATA/MLS APPRAISER DATA/MLS Verification Source(s) TAX ASSESSOR /DEED TAX ASSESSOR /DEED TAX ASSESSOR /DEED VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +( -) $ Adjustment DESCRIPTION +( -) $ Adjustment DESCRIPTION +( -) $ Adjustment Sales or Financing Concessions CONV LOAN CASH SALE SELLER FINANCED Date of Sale/Time 12/13/2010 12/17/2010 5/24/2010 Location TYBEE ISLAND TYBEE ISLAND TYBEE ISLAND TYBEE ISLAND Leasehold /Fee Simple Fee Simple FEE SIMPLE FEE SIMPLE FEE SIMPLE Site 4,500 Sq.Ft. 8,979 SF /SIM 4,734 SF /SIM 4,794 SF /SIM View SIMILAR HOME: SIMILAR HOMES SIMILAR HOMES SIMILAR HOMES Design (Style) 1- STY /AVG 2- STY /AVG 1- STY /AVG 2- STY /AVG Quality of Construction AVG /FRAME AVG /FRAME AVG /FRAME AVG /FRAME Actual Age 1960 /EST. 1972 1953 1947 Condition BELOW AVG AVERAGE - 23,700 AVERAGE - 21,900 BELOW AVG Above Grade Room Count Gross Living Area Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths 7 2 2.1 7 3 2 +2,500 5 2 1 +7,500 7 2 2 +2,500 1,381 sq.ft. 2,032 sq.ft. - 32,550 716 sq.ft. +33,250 1,498 sq.ft. -5,850 Basement & Finished Rooms Below Grade NONE NONE NONE NONE = Functional Utility AVERAGE AVERAGE AVERAGE AVERAGE U Heating /Cooling WALL AC FWA/CAC -5,000 WALL AC WALL AC gEnergy Efficient Items STANDARD STANDARD STANDARD STANDARD Garage /Carport 2- CARPORT 1- GARAGE -3,000 OFF STREET +2,000 2- CARPORT Z Porch /Patio /Deck ENTRY PORCH ENTRY PORCH ENTRY PORCH ENTRY PORCH y c4 a PORCHES,DECK,ETC NONE PATIO -500 NONE NONE FIREPLACE, FENCE, ETC. 1 -FP 1 -FP NONE +2,000 1 -FP EXTRAS NONE NONE NONE NONE E y ILI w Net Adjustment (Total) ❑ + A- $ - 62,250 a + ❑ - $ 22,850 ❑ + /1 - $ -3,350 Adjusted Sale Price of Comparables Net Adj. 26.3 % Gross Adj. 28.4 % $ 174,750 Net Adj. 10.4 % Gross Adj. 30.4 % $ 241,850 Net Adj. 1.4 % Gross Adj. 3.4 % $ 244,650 I /1 did ❑ did not research the sale or transfer history of the subject property and comparable sales. If not, explain My research ❑ did A/ did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Data Source(s) TAX ASSESSOR,GSCCCA,MLS,DAILY RECORD My research I did ❑ did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale. Data Source(s) TAX ASSESSOR,GSCCCA,MLS,DAILY RECORD Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3). ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prior Sale/Transfer NO PRIOR SALE NO SALE WITHIN NO SALE WITHIN 7/7/2009 FORECLOSED Price of Prior Sale/Transfer WITHIN PAST 3 YEARS PAST 1 YEAR PAST 1 YEAR $184,756 Data Source(s) TAX ASSESSOR /DEED TAX ASSESSOR /DEED TAX ASSESSOR /DEED TAX ASSESSOR /DEED Effective Date of Data Source(s) 12/24/2010 12/24/2010 12/24/2010 12/24/2010 Analysis of prior sale or transfer history of the subject property and comparable sales THERE HAS NOT BEEN ANY PRIOR SALES HISTORY FOR THE SUBJECT PROPERTY FOR THE PAST 36 MONTHS. THE COMPARABLES' SALES HISTORY WAS ANALYZED FOR THE PAST 12 MONTHS WITH RESEARCH REVEALING THAT NONE OF THE COMPS PROVIDED HAD BEEN SOLD WITHIN 12 MONTHS OF THE CURRENT SALE PROVIDED. COMP #3 HAD A PRIOR FORECLOSURE ON 7/7/2009 FOR $184,756. Summary of Sales Comparison Approach See attached addenda. Indicated Value by Sales Comparison Approach $ 200,000 _ Indicated Value by: Sales Comparison Approach $ 200,000 Cost Approach (if developed) $ 212,510 Income Approach (if developed) $ N/A THE SALES COMPARISON APPROACH WAS GIVEN MOST WEIGHT IN ESTABLISHING THE SUBJECTS MARKET VALUE, SINCE IT BEST REPRESENTS THE ACTIONS OF BOTH BUYERS AND SELLERS. THE INCOME APPROACH IS NOT APPLI 'Main File No. J122910011 Page #6I Uniform Residential Aparaisal Resort File # J12291001 EXPANDED "SCOPE OF WORK" COMMENTS (THE APPRAISER IS PERMITTED TO EXPAND THE "SCOPE OF WORK" FOR CLARIFICATION PURPOSES OF WHICH THE FOLLOWING IS PROVIDED FOR SAID PURPOSES): A "COMPLETE VISUAL INSPECTION OF THE INTERIOR AND EXTERIOR AREAS OF THE SUBJECT PROPERTY" WAS PERFORMED BY THE APPRAISER BASED ON CONDITIONS READILY OBSERVABLE EXCLUDING ALL HIDDEN OR OBSTRUCTED AREAS AND NOT AS A PROFESSIONAL HOME INSPECTOR. THE TERM "COMPLETE" IS NOT AN ALL INCLUSIVE TERM RELATIVE TO THE ENTIRE ATTIC OTHER NON - HABITABLE AREAS AS A COMPLETE DETAILED PHYSICAL INSPECTION OF EVERY PART OF THE AFOREMENTIONED AREAS IS NOT A FUNTION OF THE THE INSPECTION PROCESS RELATIVE TO RESIDENTIAL APPRAISING BUT IS RELATIVE TO THE INSPECTION PROCESS BY A PROFESSIONAL HOME INSPECTOR. IMPROVEMENT RATINGS AND COMMENTS REGARDING IMPROVEMENTS, SYSTEMS, EQUIPMENT AND REAL PROPERTY DO NOT REPRESENT ANY GUARANTEES AND /OR WARRANTIES EXPRESSED OR IMPLIED AS GUARANTEES AND /OR WARRANTIES ARE NOT A PART OF THE SCOPE OF THE APPRAISAL. IT IS NOT PART OF THE SCOPE OF THE APPRAISAL FOR THE APPRAISER TO PERFORM DUTIES RELATIVE TO THAT OF AN ATTORNEY -AT -LAW REGARDING ABSOLUTE VERIFICATION OF ALL LEGAL ASPECTS PERTAINING TO THE SUBJECT PROPERTY. IT IS NOT PART OF THE SCOPE OF THE APPRAISAL FOR THE APPRAISER TO PERFORM DUTIES RELATIVE TO THAT OF A PROFESSIONAL SURVEYOR REGARDING ABSOLUTE VERIFICATION OF ALL ASPECTS CONSIDERED AND DISCOVERIES MADE BY A PROFESSIONAL SURVEYOR RELATED TO THE SITE AND IMPROVEMENTS OF THE SUBJECT PROPERTY. ATTEMPT OF DISCOVERY OF POTENTIAL ADVERSE INFLUENCES AS A F RESULT OF HUMAN BEHAVIOR IS NOT PART OF THE SCOPE OF THIS APPRAISAL. z w E E 0 U J z z 0 C 0 0 a COST APPROACH TO VALUE (not required by Fannie Mae) Provide adequate information for the lender /client to replicate the below cost figures and calculations. Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value) THE SITE VALUE WAS DERIVED FROM THE MOST RECENT LAND SALES THAT HAVE OCCURRED ON TYBEE ISLAND. THESE MAY INCLUDE VACANT LOTS OR PROPERTIES WHERE NO VALUE CONSIDERATION WAS PLACED ON DETERIORATED HOMES THAT WERE RAZED FOR NEW CONSTRUCTION. F ESTIMATED F1/ REPRODUCTION OR ❑ REPLACEMENT COST NEW OPINION OF SITE VALUE =$ 135,000 o Source of cost data MARSHALL & SWIFT RESIDENTIAL DWELLING 1,381 Sq.Ft. @ $ 100.00 =$ 138,100 ET Quality rating from cost service GOOD Effective date of cost data CURRENT Sq.Ft. @ $ =$ a Comments on Cost Approach (gross living area calculations, depreciation, etc.) PORCH,APPL,FP,ETC. =$ 10,000 cco THE COST APPROACH IS INAPPLICABLE DUE TO SUBJECTS AGE, Garage /Carport 192 Sq.Ft. @ $ 10.00 =$ 1,920 o AND IS NOT NECESSARY TO FORM A CREDIBLE OPINION OF Total Estimate of Cost -New =$ 150,020 VALUE, HOWEVER, IT WAS DEVELOPED FOR THIS VALUATION ' Less Physical Functional External PROCESS PER CLIENT INSTRUCTIONS. Depreciation 75,010 =$( 75,010) Depreciated Cost of Improvements =$ 75,010 "As -is" Value of Site Improvements =$ 2,500 Estimated Remaining Economic Life (HUD and VA only) 40 Years INDICATED VALUE BY COST APPROACH =$ 212,510 INCOME APPROACH TO VALUE (not required by Fannie Mae) W Estimated Monthly Market Rent $ X Gross Rent Multiplier = $ Indicated Value by Income Approach z Summary of Income Approach (including support for market rent and GRM) PROJECT INFORMATION FOR PUDs (if applicable) Is the developer /builder in control of the Homeowners' Association (HOA)? ❑ Yes ❑ No Unit type(s) ❑ Detached ❑ Attached Provide the following information for PUDs ONLY if the developer /builder is in control of the HOA and the subject property is an attached dwelling unit. Legal Name of Project z Total number of phases Total number of units Total number of units sold P Total number of units rented Total number of units for sale Data source(s) m Was the project created by the conversion of existing building(s) into a PUD? ❑ Yes ❑ No If Yes, date of conversion. nnno +6n nrninn+ nnn +nin .en,. ,.,n1+; .lumiiinn i,ni +n9 n., +., cn, rnn Uniform Residential Appraisal Report (Main File No. J122910011 Page #7I File # J12291001 This report form is designed to report an appraisal of a one -unit property or a one -unit property with an accessory unit; including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted, However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and /or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender /client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender /client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an an ,irnnmantal accaccmant of tha nrnnP.lty Uniform Residential Appraisal Report Main File No. J12291001 I Pane #8 File# J12291001 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and /or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and /or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal nr tha nrnnaratinn of thic annraical rannrt I have named ciirh inriivirhiAl(s' And disclnsed thp snAeific tasks nertormed in this Uniform Residential Appraisal Report 'Main File No. J122910011 Page #91 File# J12291 001 21. The lender /client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender /client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and /or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and /or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either a sub - contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and /or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Signature Name Scott Javetz Name Company Name Javetz Appraisals LLC Company Name Company Address 1 Oglethorpe Professional Blvd, Suite 203, Company Address SAVANNAH, GA 31406 Telephone Number (912) 544 -0036 Email Address scottnjavetzappraisals.com Date of Signature and Report December 29, 2010 Effective Date of Appraisal DECEMBER 24, 2010 State Certification # CR257409 or State License # or Other (describe) State # State GA Expiration Date of Certification or License 3/31/2011 ADDRESS OF PROPERTY APPRAISED 10 U.S. HIGHWAY 80 TYBEE ISLAND, GA 31328 APPRAISED VALUE OF SUBJECT PROPERTY $ 200,000 LENDER /CLIENT Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of Certification or License SUBJECT PROPERTY ❑ Did not inspect subject property ❑ Did inspect exterior of subject property from street Date of Inspection ❑ Did inspect interior and exterior of subject property Date of Inspection Uniform Residential Appraisal Report Main File No. J122910011 Page #10 File # J 12291001 FEATURE SUBJECT COMPARABLE SALE #4 COMPARABLE SALE #5 COMPARABLE SALE #6 Address 10 U.S. HIGHWAY 80 TYBEE ISLAND, GA 31328 1004 LIVE OAK LANE TYBEE ISLAND, GA 31328 Proximity to Subject 0.09 miles N Sale Price $ N/A $ 210,000 $ $ Sale Price /Gross Liv. Area $ sq.ft. $ 260.55 sq.ft. $ sq.ft. $ sq.ft. Data Source(s) APPRAISER DATA/MLS Verification Source(s) TAX ASSESSOR /DEED VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +( -) $ Adjustment DESCRIPTION +( -) $ Adjustment DESCRIPTION +( -) $ Adjustment Sales or Financing Concessions FHA LOAN Date of Sale/Time 5/15/2010 x Location TYBEE ISLAND TYBEE ISLAND a Leasehold /Fee Simple Fee Simple FEE SIMPLE aSite 4,500 Sq.Ft. 4,500 SF /SIM Et a View SIMILAR HOME SIMILAR HOMES z Design (Style) 1- STY /AVG 1- STY /AVG u) Quality of Construction AVG /FRAME AVG /BLK,FRM a Actual Age 1960 /EST. 1975 5 Condition BELOW AVG AVERAGE - 21,000 0 Above Grade w Room Count a Gross Living Area Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths 7 2 2.1 5 2 1 +7,500 1,381 sq.ft. 806 sq.ft. +28,750 sq.ft. sq.ft . C Basement & Finished Rooms Below Grade NONE NONE Functional Utility AVERAGE AVERAGE Heating /Cooling WALL AC FWA/CAC -5,000 Energy Efficient Items STANDARD STANDARD Garage /Carport 2- CARPORT 1- CARPORT +1,000 Porch /Patio /Deck ENTRY PORCH ENTRY PORCH PORCHES,DECK,ETC NONE PAT,CVPAT -3,000 FIREPLACE, FENCE, ETC. 1 -FP FENCE +1,000 EXTRAS NONE NONE Net Adjustment (Total) I + • - $ 9,250 ❑ + ❑ - $ ❑ + ❑ - $ Adjusted Sale Price of Comparables Net Adj. 4.4 % Gross Adj. 32.0 % $ 219,250 Net Adj. % Gross Adj. % $ Net Adj. Gross Adj. % $ Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3). ITEM SUBJECT COMPARABLE SALE #4 COMPARABLE SALE #5 COMPARABLE SALE # 6 Date of Prior Sale/Transfer NO PRIOR SALE 7/7/2009 FORECLOSED >- Price of Prior Sale/Transfer WITHIN PAST 3 YEARS $184,756 o Data Source s TAX ASSESSOR /DEED TAX ASSESSOR /DEED in Effective Date of Data Source(s) 12/24/2010 12/24/2010 T Analysis of prior sale or transfer history of the subject property and comparable sales SEE PRIOR DISCUSSION J Q y Analysis /Comments SEE PRIOR COMMENTS. I— z w C i 0 U N N >. J z z Supplemental Addendum Main File No. J122910011 Page #11 File No. J12291001 Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON • URAR : Neighborhood - Description THE SUBJECT IS LOCATED ON TYBEE ISLAND, THE EASTERNMOST ISLAND OF CHATHAM COUNTY. TYBEE IS A 20 MINUTE DRIVE TO DOWNTOWN SAVANNAH. TYBEE IS A RESIDENTIAL /RESORT SUBMARKET OF THE AREA. THE AREA IS COMPRISED OF YEAR ROUND RESIDENTS AS WELL AS SEASONAL RESIDENTS. POLICE AND FIRE PROTECTION ARE CONSIDERED TO BE ADEQUATE. SCHOOLS, SHOPPING, BANKING, RECREATION AND EMPLOYMENT CENTERS ARE ALL NEARBY. • URAR : Improvements - Additional Features THE SUBJECT IS CONSIDERED A SINGLE FAMILY RESIDENCE WITH THE REAR PART OF THE STRUCTURE BEING THE MAIN LIVING QUARTERS CONTAINING A LIVING ROOM, DINING ROOM, BEDROOM, BATHROOM AND A SEPARATE KITCHEN. THERE IS ALSO A SIDE ROOM USED AS A HOME OFFICE WITH A 2 FIXTURE BATHROOM. THE FRONT PART OF THE HOUSE IS AN EFFECIENCY CONTAINING A LIVING ROOM, 3 FIXTURE BATHROOM AND A BEDROOM. THIS BEDROOM HAS A VERY SMALL KICHENNETTE AREA. THE HOUSE HAS INTERIOR DOORS THAT CONNECT ALL PARTS OF THIS HOUSE, THEY ARE JUST CURRENTLY CLOSED AND LOCKED. FOR VALUATION PURPOSES (AND MOST LIKELY HOW IT WOULD BE MARKETED), THE ENTIRE ROOM COUNT AND GLA WILL BE INCLUDED AS 1 RESIDENCE AND COMPARED TO OTHER SINGLE FAMILY HOMES SOLD ON TYBEE ISLAND. THE CHATHAM COUNTY TAX ASSESSOR DOES NOT HAVE A YEAR BUILT FOR THE SUBJECT PROPERTY. BASED ON SURROUNDING PROPERTIES AND CONSTRUCTION DETAILS OF THE SUBJECT, AN ESTIMATED YEAR BUILT IS 1960. • URAR : Improvements - Condition of the Property THERE WAS NO FUNCTIONAL OR EXTERNAL OBSOLESENCE TO BE CONSIDERED. THE SUBJECT IS EXISTING CONSTRUCTION AND IS IN OVERALL BELOW AVERAGE CONDITION. THERE WAS A KITCHEN FIRE IN THE MAIN KITCHEN THAT DID DAMAGE TO THE INTERIOR CEILING, KITCHEN COMPONENTS AND DRYWALL. SEE ATTACHED PICTURES. THIS PART OF THE HOUSE IN NOT SUITED FOR LIVING IN THIS CURRENT CONDITION BUT THE FRONT PART AND OFFICE AREA WERE NOT AFFECTED BY THE FIRE, SMOKE OR WATER. THE SUBJECTS CURRENT CONDITION CERTAINLY HAS A NEGATIVE EFFECT ON THE MARKET VALUE AND MARKETABILITY AT THIS TIME, ALTHOUGH THERE IS STILL VALUE TO BE HAD OUT OF THIS PROPERTY FROM THE UNDERLYING SITE AND QUALITY OF THE IMPROVEMENTS UNAFFECTED BY THE RECENT FIRE. • URAR : Sales Comparison Analysis - Summary of Sales Comparison Approach ALL COMPARABLE SALES WERE TAKEN FROM THE SUBJECT'S GENERAL MARKETING AREA WITHIN TYBEE ISLANDAND WERE CONSIDERED TO BE THE MOST COMPATIBLE WITH THE SUBJECT PROPERTY. THEY GIVE A VALID INDICATION OF VALUE AFTER ADJUSTMENTS. ALL SALES WERE VERIFIED TO BE CLOSED TRANSACTIONS. GLA WAS ADJUSTED AT $50 PSF DIFFERENCE. HALF BATH ADJUSTED $2,500. FULL BATH ADJUSTED $5,000. THE MARKETING AREA OF TYBEE ISLAND HAS SEEN A DRASTIC DECLINE IN PROPERTY VALUES AND THE AMOUNT OF SINGLE FAMILY SALES AS WELL. GIVEN THESE CIRCUMSTANCES AND MARKETING CONDITIONS ON TYBEE ISLAND, THE APPRAISER HAS THE TASK OF LOCATING LIKE -KIND SALES TO COMPARE TO THE SUBJECTS BELOW AVERAGE CONDITION (FIRE DAMAGE) AND PLACE A CURRENT VALUE IN THIS "AS IS" CONDITION. COMPARABLE SALES #1 THRU #4 ARE ALL SALES OF COMPETING PROPERTIES ON THE ISLAND WITH COMP #4 CONSIDERED IN SIMILAR BELOW AVERAGE CONDITION. THE REALTOR DESCRIPTION OF THIS HOUSE STATES THE PROPERTY IS AN ESTATE SALE IN NEED OF UPGRADING OR A TEAR -DOWN. WHILE THERE IS NO FIRE DAMAGE, THIS COMP IS CERTAINLY IN SIMILAR CONDITION WITH THE SUBJECT THEREFORE NO ADJUSTMENT WAS DEEMED NECESSARY. THE REMAINING COMPARABLES ( #1, #2 AND #4) ARE ALL IN AVERAGE CONDITION WHICH WARRANTED A DOWNWARD ADJUSTMENT OF 10% OF SALES PRICE. AFTER ALLOWING FOR DIFFERENCES WHICH EXIST, A RANGE OF VALUE IS INDICATED BETWEEN $174,750 TO $244,650. THEREFORE, GIVEN THIS RANGE OF ADJUSTED VALUES AND WITH MOST WEIGHT PLACED ON COMP #3 AS IT BEST RESEMBLES THE SUBJECTS CURRENT CONDITION AND WITH SECONDARY CONSIDERATION PLACED ON THE OTHER COMPARABLE SALES, THE APPRAISER HAS RECONCILED HIS OPINION OF VALUE FOR THE SUBJECT PROPERTY TO BE $200,000. THE APPRAISER HAS CONCLUDED HIS OPINION OF VALUE VIA THE SALES COMPARISON APPROACH TO BE $200,000. THE COST APPROACH TO VALUE WAS ALSO PERFORMED WITH AN ENDING RESULT OF $212,510, OF WHICH $135,000 WAS ATTRIBUTED TO SITE VALUE WITH ANOTHER $2,500 PLACED ON SITE IMPROVEMENTS. BASED ON THESE VALUES, THE SUBJECTS DEPRECIATED IMPROVEMENTS (STRUCTURE ONLY) HAS A VALUE OF $75,010. Supplemental Addendum File N Main File No. J12291001 I Page #12 Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON DISCLAIMERS: THE EXISTENCE OF HAZARDOUS MATERIALS INCLUDING, BUT NOT LIMITED TO TOXIC WASTE, ASBESTOS, RADON GAS OR UREA FORMALDEHYDE FOAM INSULATION, WHICH MAY OR MAY NOT BE PRESENT ON THE PROPERTY, WAS NOT RECOGNIZED BY THE APPRAISER. THE APPRAISER HAS NO KNOWLEDGE OF THE EXISTENCE OF SUCH MATERIALS ON OR IN THE PROPERTY. THE APPRAISER, HOWEVER, IS NOT QUALIFIED TO DETECT SUCH SUBSTANCES. THE CONCLUSIONS AND VALUE ESTIMATES, HEREIN ARE PREDICATED ON THE ASSUMPTION THAT THERE IS NO SUCH SUBSTANCE ON OR IN THE PROPERTY THAT WOULD CONTRIBUTE TO OR CAUSE A LOSS IN VALUE. NO RESPONSIBILITY IS ASSUMED FOR ANY SUCH CONDITION OR FOR THE EXPERTISE REQUIRED TO DISCOVER THEM. THE CLIENT IS URGED TO RETAIN AN EXPERT IN THIS FIELD, IF DESIRED. THE APPRAISAL CONFORMS TO THE UNIFORM STANDARDS OF PROFESSIONAL PRACTICE (USPAP) ADOPTED BY THE APPRAISAL STANDARDS BOARD OF THE APPRAISAL FOUNDATION, EXCEPT THAT THE DEPARTURE PROVISION OF THE USPAP SHALL NO APPLY. THE APPRAISAL CONTAINS A SIGNED CERTIFICATE REQUIRED BY THE USPAP, AND AN ADDITIONAL STATEMENT THAT THE APPRAISAL ASSIGNMENT WAS NOT BASED ON A REQUESTED MINIMUM VALUATION, A SPECIFIC VALUATION OR THE APPROVAL OF A LOAN. THE DIGITAL SIGNATURE ON MY APPRAISALS ARE ENCRYPTED AND SECURED BY A SECRET CODE KNOWN ONLY TO ME. ALSO, THE CODE IS CHANGED FROM TIME TO TIME TO INSURE THE SAFENESS OF THE ENCRYPTION. THIS METHOD IS IN COMPLIANCE WITH THE USPAP STATEMENT 8. THIS APPRAISAL INSPECTION SHOULD NOT BE CONSIDERED A HOME INSPECTION. THE FEATURES AND DEFECTS NOTED IN OUR INSPECTION ARE SPECIFIED FOR COMPARISON PURPOSES AGAINST THE MARKET WHICH IS PART AND PARCEL OF THE APPRAISAL PROCESS. "My analysis, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Georgia Real Estate Appraiser Classifications and Regulation Act and the Rules and Regulations of the Georgia Real Estate Appraisers Board." [Real Estate Appraiser Classification and Regulation Act paragraph 539- 3.02(1)(m) as amended August 1, 2006]. The Intended User of this appraisal report is the Lender /Client. The Intended Use is to evaluate the property that is the subject of this appraisal for internal financial purposes, subject to the stated Scope of Work, purpose of the appraisal, reporting requirements of this appraisal report form, and Definition of Market Value. No additional Intended Users are identified by the appraiser. NO PERSONAL PROPERTY IS INCLUDED IN THE FAIR MARKET VALUE OF THE SUBJECT. TITLE X DISCLOSURE WARNING STATEMENT THE SUBJECT DWELLING WAS BUILT PRIOR TO 1978 AND MAY PRESENT EXPOSURE TO LEAD FROM LEAD -BASED PAINT *LEAD POISONING *. THE SELLER OF ANY INTEREST IN RESIDENTIAL PROPERTY IS REQUIRED BY LAW TO PROVIDE BUYERS WITH ANY INFORMATION ON LEAD BASED PAINT HAZARDS FROM RISK ASSESSMENT IN THE SELLER'S POSSESSIONS. A RISK ASSESSMENT IS RECOMMENDED PRIOR TO PURCHASE OR OCCUPANCY. Main File No. J122910011 Page #13 Subject Photo Page Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON _ .""' -,1111-01PP:mak, Subject Front 10 U.S. HIGHWAY 80 Sales Price N/A Gross Living Area 1,381 Total Rooms 7 Total Bedrooms 2 Total Bathrooms 2.1 Location TYBEE ISLAND View SIMILAR HOMES Site 4,500 Sq.Ft. Quality AVG /FRAME Age 1960 /EST. Subject Rear Subject Street Main File No. J122910011 Page #14 Photograph Addendum Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON LEFT SIDE EXTERIOR RIGHT SIDE EXTERIOR POLK STREET ACCESS Main File No. J122910011 Page #15 Photograph Addendum Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON BATHROOM BEDROOM KITCHENNETTE 'Main File No. J122910011 Page #161 Photograph Addendum Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON FIRE DAMAGE BATHROOM BEDROOM Main File No. J122910011 Page #17 Photograph Addendum Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON FIRE DAMAGE FIRE DAMAGE 1/2 BATHROOM Main File No. J122910011 Page #18 Comparable Photo Page Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON Comparable 1 208 MILLER AVENUE Prox. to Subject 0.75 miles SE Sales Price 237,000 Gross Living Area 2,032 Total Rooms 7 Total Bedrooms 3 Total Bathrooms 2 Location TYBEE ISLAND View SIMILAR HOMES Site 8,979 SF /SIM Quality AVG /FRAME Age 1972 Comparable 2 301 10TH STREET Prox. to Subject 1.29 miles S Sales Price 219,000 Gross Living Area 716 Total Rooms 5 Total Bedrooms 2 Total Bathrooms 1 Location TYBEE ISLAND View SIMILAR HOMES Site 4,734 SF /SIM Quality AVG /FRAME Age 1953 Comparable 3 1504 JONES AVENUE Prox. to Subject 1.76 miles S Sales Price 248,000 Gross Living Area 1,498 Total Rooms 7 Total Bedrooms 2 Total Bathrooms 2 Location TYBEE ISLAND View SIMILAR HOMES Site 4,794 SF /SIM Quality AVG /FRAME Age 1947 Main File No. J122910011 Page #19 Comparable Photo Page Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON Comparable 4 1004 LIVE OAK LANE Prox. to Subject 0.09 miles N Sales Price 210,000 Gross Living Area 806 Total Rooms 5 Total Bedrooms 2 Total Bathrooms 1 Location TYBEE ISLAND View SIMILAR HOMES Site 4,500 SF /SIM Quality AVG /BLK,FRM Age 1975 Comparable 5 Prox. to Subject Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Comparable 6 Prox. to Subject Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Main File No. J122910011 Page #20 TAX MAP Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON !Main File No. J1 2291001I Page #211 e1_ AlPe. PCP 4- 1-11,0n146 54' L 49/11. 04- 4-'0/ GIS fili/ 3G (Main File No. J122910011 Page #221 2010 Chatham County Board of Assessors Property Record Card Page 1 of 1 Requested By: EPHILLIPS 9/27!2010 4- 0026 -07-009 10 US HIGHWAY 80 TYBEE ISLAND APPRAISER mwthomas LOT 20 BLOCK 11 GARDEN WARD TYKE E LAST INSP 05/24/2007 ISLAND APPR ZONE 000008 SOLOMON THOMAS E PO BOX 13 TYBEE ISLAND. GA 31328 -0013 CODES PROPERTY USE UTA NBHD EXEMPTIONS c�tAA Aar 123.200 134,500 BLDG 1 23.200 34,500 BLDG 1 1.000 1.000 OBXF 2 203,800 215.000 OVERRIDE SALES ROOK PAGE INS VI OU PS14 PRICE t�ewltTl) 1yPp oA1E AIROtR1r 0006 Residential 0004 Tybee Island 020270,00 7270 Tybee Screven HISTORY LAW IMPR TOTAL 2010 179.500 35.500 215.000 Over 2009S 179.500 35.500 215.000 Over 2008 179,500 61,500 241,000 Came 2007 179.500 81,500 241.000 Came 2008 178.500 42,000 218,500 Came COLHiElrfS 3r2I3O w 1E02 AET VAL ENT MW1440 3/13?003 HUGS REM 31309MYNNS ON f . 0013.0SG03 i NOTE S rrcawl31I I flU11.11110 SECTION 1CON.^YRUC11CJHTYPE ITCH AYS M DBTYPS WIVE Eton F'UNC OBSV$% TOTALDSPK 0.00 83.00 smiled-treys 1- Main AREA 1,381 TYPE 1- Single-famay PRA.uE 1 - Stud aTYIE 1- One OUAUTY 2.00 CONDITION 3.00 • Wars 0 •OF REDS !BATHS 2 I 1.00 nettOUFACTOn IeCT1Ml 87513 -1 I Romdential 78.318 1970 MS 12 ' IA' 16' lit-1'r t orpw 112 IV' 12' 12' . .._,.. .,. .._ __...__. 11 ` .11' ■ Iw Rim Mill Arw - 19a1 1M' 1!' 4. J. NOMA Pm.* NO iw ra Ar8 ft16. 83.00 0.00 0.00 1 28,978 23.200 Residence Frame Story 100.00% R1 108 Frame. Siding, Wood R2 208 Composition Shingle R4 402 Automatic Floor R8 601 Plumbing Fixtures RB 602 Plumbing Rough R6 622 Raised Subfloor R8 641 Single 1 -Story Fireplace R11904 Slab Porch (SF) UNITS % 00 L - 100.00 - 100.00 Cover Atlowanr - - (C) 5.00 -Ins (C) 1.00 - (% or SF) - 100.00 (C) 1.00 - with Roof 84.00 - EXIRA PSPITINa lbw BOOB 1YST14OBIC 001 C49 UNrta 01 RIAT PRICE BCH AYS EYB 0T EEON MC SP SPR% PCNLO MKT VALUC 1970 2R 442 400 1970 2R 578 600 143082 87513 FrCptFtattShed Rf 16 16 288.00 F 143083 87513 MISC BUILD. AV 12 18 192.00 A 7.88 2212 1970 15.05 2.890 1970 LAND IDY UUE.tIEK "AONT COPTS !RATS r rYPE PRRp5 20Nw10 V15_LCTN TOPO O99R AVAIL ___A24--- AOW AD,M NWT VAU1, 112561 SINGLE FAMILY RES 50 90 4,500.000 SF 42.00 RIB 1.00 179.600 (Main File No. J122910011 Page #231 Location Map Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON a la mode, inc. T rot ree« -+em avx:t! � sttwa0.i. South Cho Tybee Island 26: _ 60i Comparable # 4 1004 LIVE OAK LANE TYBEE ISLAND, GA 31328 0.09 miles N Fort Screven Subject 10 U.S. HIGHWAY SO Sr "be w a0 ?, Q S tybee Isl Aft) si $4, sr Chimney 4 Creek 48 5'�c�gc Tybee Creek 4ca Islands Comparable # 1 208 MILLER AVENUE TYBEE ISLAND, GA 31328 0.75 miles SE Comparable # 2 301 10TH STREET TYBEE ISLAND, GA 31328 1.29 miles S Comparable # 3 1504 JONES AVENUE TYBEE ISLAND, GA 31328 1.76 miles S A t 1 a n t c Main File No. J122910011 Page #24 Flood Map Borrower /Client THOMAS E. SOLOMON Property Address 10 U.S. HIGHWAY 80 City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Client THOMAS E. SOLOMON IntlerFlood 4e) ev a ra rnod. www.interflood.corn • 1- 800 - 252 -6633 Prepared for: Javetz Appraisals. LLC 10 U.S_ HIGHWAY 80 TYBEE ISLAND, GA. 31328 �� '71!•��a• .fr FLOODSCAPE Fbod Hazards Map Map Number 13051CD213F - Effective Date September 26, 2608 Peraered by FiocdSomroe 877.77. FLOOD w,rw.tM1oadst L roe.oma • • • Main File No. J12291001 I Pane #25 STATE OF GEORGIA REAL ESTATE APPRAISERS BOARD SCOTT D JAVETZ 257409 IS AUTHORIZED TO TRANSACT BUSINESS IN GEORGIA AS A CERTIFIED RESIDENTIAL REAL PROPERTY APPRAISER THE PRIVILEGE AND RESPONSIBILITIES OF THIS APPRAISER CLASSIFICATION SHALL CONTINUE IN EFFECT AS LONG AS THE APPRAISER PAYS REQUIRED APPRAISER FEES AND COMPLIES WITH ALL OTHER REQUIREMENTS OF THE OFFICIAL CODE OF GEORGIA ANNOTATED, CHAPTER 43 -39 -A. THE APPRAISER IS SOLELY RESPONSIBLE FOR THE PAYMENT OF ALL FEES ON A TIMELY BASIS. CHARLES B. BRAMLETT WILLIAM R. COLEMAN, JR. Chairperson PATRICIA K. LOVE D. SCOTT MURPHY SANDRA MCALISTER WINTER Vice Chairperson SCOTT DJAVET2 9 257409 Stays ACTIVE CERTIFIED RESIDENTIAL REAL PROPERTY APPRAISER THIS LICENSE EXPIRES IF YOU FAIL TO PAY RENEWAL FEES OR IF YOU FAIL TO COMPLETE ANY REQUIRED EDUCATION IN A TIMELY MANNER. State of Georgia Real Estate Commission Suite 1000 - International Tower 229 Peachtree Street, N.E. Atlanta. GA 30303 -1605 SCOTT 0 JAVETZ e 257409 Status ACTIVE CERTIFIED RESIDENTIAL REAL PROPERTY APPRAISER THIS LICENSE EXPIRES IF YOU FAIL TO PAY RENEWAL FEES OR IF YOU FAIL TO COMPLETE ANY REOUIRED EDUCATION IN A TIMELY MANNER. Stale Of Georgia Real Estate Commission Suite 1000 • International Tower 229 Peachtree Street N.E. Atlanta, GA 30303 -1605 ORIGINALLY LICENSED 12/13,2402 END OF RENEWAL 03/31!2011 JEFFREY LEDFORD Real Eatete Cormr iaeloner 17777363 ORIGINALLY LICENSED 12/1312002 END OF RENEWAL 03131/2011 JEFFREY LEDFORD Real Eatele Commissioner 17777363 1777363_