SELF-CONTAINED APPRAISAL REPORT of the Irene Apartments
SELF-CONTAINED APPRAISAL REPORT OF The Irene Apartments 4701 Willard Avenue Chevy Chase, MD 20815 EFFECTIVE DATE OF VALUE January 1, 2008 PREPARED FOR Terry R. Dunkin, MAI, CCIM, CRE Senior Vice President Colliers Pinkard Valuation Group 210 W. Pennsylvania Avenue Suite 310 Towson, MD 21204 Marie C. Moineau Academic Adviser The Edward St. John Department of Real Estate Johns Hopkins University Carey Business School Room 711, 100 North Charles Street Baltimore, MD 21201 PREPARED BY George “Robby” Robinson Jr. 3524 Soffit Place Woodbridge, VA 22192 EFFECTIVE DATE OF REPORT May 5, 2008 May 5, 2008 Terry R. Dunkin, MAI, CCIM, CRE Senior Vice President Colliers Pinkard Valuation Group 210 W. Pennsylvania Avenue Suite 310 Towson, MD 21204 Marie C. Moineau Academic Adviser The Edward St. John Department of Real Estate Johns Hopkins University Carey Business School Room 711, 100 North Charles Street Baltimore, MD 21201 Re: The Irene Apartments 4701 Willard Avenue Chevy Chase, MD 20815 Dear Mr. Dunkin, Per your request, I have inspected the interior and exterior of the subject property, and performed the necessary investigation and analyses in order to prepare a self-contained appraisal report on the above-referenced property. The appraisal has been developed, and this report has been prepared, with the intent of complying with the Uniform Standards of Professional Appraisal Practice (USPAP) adopted by the Appraisal Standards Board of the Appraisal Foundation, FIRREA, and has also been prepared in conformance with The Appraisal Institute’s guidelines for demonstration appraisal report writing. The subject’s Irene Apartments consists of a 16-story Class A- high-rise apartment building that is situated on a 2.32-acres parcel in Chevy Chase Maryland.
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