Estate of Nora Kolczynski, Deceased, Matthew Hoffmeier, Executor - Page 26

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                                                  White House                         
                               Adjustments         Plantation                         

                          Sale price             $1,100,000                           
                          Improvement            (50,000)                             
                          adjustment                                                  
                          Timber adjustment      144,625                              
                          Adjusted price         1,194,625                            
                          Per-acre value         2,668                                
                          Time adjustment         213                                 
                          Per-acre value with    2,881                                
                          time adjustment                                             
                          Waterfront                  -0-                             
                          adjustment                                                  
                          Size adjustment             (576)                           
                          Location adjustment       -0-                               
                          Total adjusted per-    2,305                                
                          acre value                                                  
                                                                                     
               Applying this per-acre value using Mr. Harnett’s                       
          methodology, we conclude that the value of DP on the valuation              
          date was $4,829,252.                                                        
               To reflect the foregoing,                                              

                                                  An appropriate order will           
                                             be issued.                               

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