5
Main Street
Batesville
MS
38620
Lot 5A Royal Heights SD
Tate
3280-AC
1989
381
None
John Smith
John Smith
1
1


N/A
N/A
3333-323F
NotTracted
70000
7/1993
None
First State Bank
Tocowa MS   38606
Jane Doe
Longtown MS   38666
1
2
3
1
2
3
1
1
60
120
80
New
15
10
90



Vcnt
 10
1
PROCESS1
PROCESS2
PROCESS3
Established neighborhood 1 mile east of US Hwy 55 and
Mississippi Hwy #4 intersection.
Stable employment has long been a chief factor in the stable economy in the
area.  Neighborhood is located within Senatobia separate city school
district.  All properties have a well maintained appearance.  No adverse
conditions or encroachments were noted.

Properties in the area hold value well.  Many homes were built by present
owners as long term residences.  Little turnover in the immediate area.




N/A
N/A

175 X 195
.78 Acres
N
Residential
1
1
OTHER USE
X


L/P
X


Private

None
DBST
1
CURB/GUTTER
1
SIDEWALK
1
LIGHTS
1
ALLEY
2
Level
Average
Rectangular
Appears Good
Typical
Typical
Paved
None Noted
N
AA
6/79
3829-A
Typical
site with average landscaping. Served by a private septic system.  No adverse
conditions were noted.
One
One
Detachd
Rambler
YesNo
10
5
Concrete
BV
Asphalt
None
Alum.
YesYes
No
Yes
No
None
No
NotEvidnt
NotEvidnt
NotEvidnt
None
N/A
N/A
N/A
N/A
N/A

ROOF
X
Yes
X
Yes
X
FLR
X



X

















None
1
1
1
1



3
2
1

1875
























6
3
2
1875


Carpet
S/R Paper
Good
Ceramic
Ceramic
HollowCore
Grasscloth In Den
C Ht
Elec
Avg
C AC
W/AC
Avg
X
X
X
X
X
X
X
X
X
X
X
X
X
X
1
X
None

Redwd
X

X







2



Pvd



None except as noted herein.


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

No adverse environmental conditions were apparent.



8500
1875
40
200
10
EXTRAS
3000
420
15
12.5%
1000
2000
1000
82013
 72703

See attached sketch for
measurements.


Cost estimates based on averages
from local builders.









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.


No sale
within
1 year
Sold 1/93 for
$80000 per R/E
Agent
No sale within
1 year

No sale witin
1 year

Listing agreement with local real estate agent is typical for area and has
no effect on market value.
81000
N/A
N/A
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 supported by
Cost approach.  Market has good similarities between comparables and all are
recent sales.
08/86
10/23/1993
81000
Jane Doe
October 23, 1993
L-093
MS
8039
MS
Y
Calvin E. Flint III
October 23, 1993
L-007
MS
7111
MS






5 RoyalHts
309 Pine Lane

24 Hickory Drive

18 Hickory Drive

Batesville
Batesville

Batesville

Batesville


1 Mile E

1 Block

2 Blocks

79000
79200

86000

82000

Inspection
Inspection

Seller

R/E Agent









Conventnal

FHA

Conventnal









4/93

9/93

9/93

Good
Equal





Fee Simple
Fee Simple

Fee Simple

Fee Simple

.8 Acres
.6 Acre

Equal

Equal

Good
Good

Equal

Equal

BV/Good
BV/Good

Equal

Equal

Good
Good

Equal

Equal

5e /10A
2E / 5A
-3000
5E 10A

5E / 10A

Good
Good

Equal

Equal

6   3   2
6   3   2

7   3   2

6   3  2«

1875
1700
5000
1748
4000
1993
-3000
None
Equal

None

None








Good
Equal

Equal

Equal

C A/H
Equal

Equal

Equal

Typical
Equal

Equal

Equal

2 Garage
Equal

Equal

Equal

Deck
Equal

Lg Patio

Equal

Yes
Equal

Equal

None
750
None
Equal

Pool
-9000
Equal










2000

-5000

-2250


 81200

 81000

 79750
