4
Main Street
NotTracted
Batesville
Tate
MS
38620
Lot 5A Royal Heights SD
John Smith

70000
July 1990
None
381
1989
N/A
New South Bank
Batesville MS   38606
1

1
2
3
1
2
3
90




10
1



1
1
60
120
80
New
15
10

1
2
3
4
5
1
2
3
1
2
3
1
Established neighborhood located 1 mile east of I55 and Mississippi 
Highway #4 intersection.  Located within Senatobia separate city school
district.  All properties have a well maintained appearance.  No adverse
conditions or encroachments were noted.




175 X 195
.78 Acres
Yes
Residential
Yes
Present

X

 
L/P
X

 
Private
 
None
DBST
1

1

1
Yes
1
None
 
Level
Average
Rectangular
Appears Good
Typical 
Typical
Paved
None Noted

No

Typical site with moderate
landscaping.  Subdivision is served by a private septic system.  No adverse
conditions were noted.




One
One
Detachd
Rambler
Yes
No
No
10
5
Concrete
BV
Asphalt
None
Alum.
Yes
Yes
No

Yes
No
None
No
NotEvidnt
NotEvidnt
NotEvidnt
Pest Inspection
Recommended
None









Yes
Yes



Standard
















1
1
1



3
2
1

1609
























6
3
2
1609


Carpet
S/R Paper
Good
Ceramic
Ceramic
HollowCore


Yes

C Ht
Elec
Avg
Avg
C AC

Avg
Avg

X
X
X
X






X








2
Good

X

X


X


X


1
2
1
1
1
1
1
1
1
2
35
40
None except as noted herein.


Depreciation is the result of
typical wear and tear.  No adverse items noted.


Buyer's
payment of standard closing costs (discount, points, etc.) does not have an
attributable effect on value in this market.






See attached sketch for measurements.










Cost Estimates Based On Local Contractor
Rates For Similar Homes


 
X
Subdivision Not FHA Approved

1609
40








Patio
1000
420
15
12.5%


1000
8500

X


 72203

72000
All comparables give good indications of value and are
believed to be the best available.  #2 is adjusted for condition and location
#1 and #3 being the better comparables with smaller percentage adjustments.


1
See attached statement of limiting conditions.
Income approach not applicable due to lack of similar rental property sales.
Market approach gives best indication of value and is supported by
Cost approach.  Market has good similarities between comparables and all are
recent sales.

X


X
July 4
90
72000
Calvin Flint III














































Royal Hts
111 McDonald

210 Northern

129 Westview

Batesville
Batesville

Batesville

Batesville


2 Miles West

2 Miles W

1 Mile E

70000
75000

60000

75000

Inspection
Inspection

Inspection

R/E Agent















3/90
2/90

3/90

12/89

Good
Good

Average
2000
Good

1 Acre
.35 Acres
3000
.5 Acre

3 Acres
-2000
BV/Good
BV/Good



Equal

Good
Good

Average
3000
Good

5e
5

8
2000
New
-4000
Good
Good


3000
Good

6   3   2
7   3   2

6   3   2

6   3   2

1609
1939
-5940
1760
-3473
1570

None
None












Good
Good





C A/H
Central AH

CAH /WAC
-1000


Double Cpt
Double Cpt

Double Cpt

Double Cpt








Patio
Patio

Deck & Abv
7000


Standard
Equal

 Grnd Pool










Yes
Yes










None
3000









-2940

12527

-3000
77400

 72060

 72527

 72000
