Shineldecker Case Study



Avg sale price 2014 year end

$100,401 Avgsaiepncerc 2010

$113,156? Aug sale price YE 2011
-M mid point n: 2010 are 2011,10,. June 2011
5 19.694 5 amount increase from appraisal date tn sale date
15% Eli increase Ween appraisal date to sale date

Bil 

$260,000 June 2011 appraised value
5 adjustment with 15% market increase since June 2011

$299,000 Adjusted Market Value between appraisal and sate dates.
$130,000 Actual sale price of house on 2 acres plus 13.124 acres
=$119,000 5 discount from adjusted [Dec 2014} FMV.

39.7911 Si impairment ($119,000 I $199,000 semi

3 10 months Marketing Time. Values went up 15% between June 2011 appraisal
and the 1wear end 2014 contract sale date. After adjusting appraised value, a 110% value
diminution is indicated. This is the discount for impairment due to turbine proximity.