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<br />~ <br /> <br />. <br /> <br />. <br /> <br /> <br />~. <br />I <br /> <br />216 Spring Street. Pleasanton, CA 94566' tel 925-426-1774' fax 925-426-1972 <br /> <br />March 6, 2006 <br /> <br />Client: Dennis Georgatos <br />Address: 790 E Angela Street <br />Pleasanton, CA 94566 <br /> <br />Dear Dennis, <br /> <br />We have been requested to determine the effect on market value for the subject's <br />property value, as a result of a proposed second story addition of the property <br />immediately to the rear of the subject. <br />The second story addition of this property will block the filtered view that the <br />subject has at this time and also result in a loss of privacy. The "open" feeling will be <br />replaced by a more "closed in" feeling. <br />I have discussed this situation with numerous local realtors and they concur with <br />my opinion, based on 18 years of appraisal experience, that the 2nd story addition will <br />reduce the marketability of the subject property and may result in a lower selling price of <br />$20,000-$30,000 and/or a longer marketing time. <br /> <br />If we may be of further assistance in this matter, please do not hesitate to call us. <br /> <br />Sincerely, <br /> <br />~td~ <br /> <br />Steven B. Winter, SCREA <br />State certified #AR005944 <br /> <br />RECIEIVIED <br /> <br />MAR 0 7 2006 <br /> <br />CITY OF PLEASANTON <br />PLANNING DEPT. <br />