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SALES COMPARISON
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<br />'ITEM SUBJECT ~COMPARABLE 1 COMPARABLE 2 COMPARABLE 3
<br />ADDRESS 17290 14234 Alpaca 5222 147th 14700 Argon
<br /> Germanium
<br />SALES PR[CE $210,00C $185,000 $164,000
<br />PRICE/GLA $114 $0 $125 $0 $129 $0
<br />ADJUSTMENTS DESC. DESC. +/- $ ADJ DESC. +/- $ ADJ DESC. +/- $ ADJ
<br />FINANCING
<br />CLOSE DATE/TIME Oct-9¢ $21,560 Nov-00 $1,356 Aug-00 $4,810
<br />LOCATION/ l block rum river 1 block miss. interior culdesac lot $5,000 backs to ST. FRAN $10,000
<br />EXPOSURE
<br />SITE/VIEW good good avg avg
<br />DESIGN/APPEAL SF SF SF SF
<br />CONST. QUALITY avg avg avg avg
<br />AGE 813 $5,0001 6 ($2,000) 7 ($1,000)i
<br />CONDITION avg good ($10,000) good ($5,000) good ($5,000)i
<br />ROOMS ABOVE TOTAL 10 TOTAL 9 $1,500 TOTAL 7 $3,000 TOTAL 5 $3,000
<br />GRADE BDRM 6 BDRM 6 BDRM 3 BDRM 3
<br /> BATH 4 BATH 3 BATH 2 BATH 2
<br />GROSS LVG AREA 1,848 1,844 $8,96( 1,476 $18,600 1,270 $28,90(
<br />BASEMENT full full full full
<br />FINISHED BSMT 1,000 1,70C ($9,800~ $590 $5,700 880 $1,6801
<br />HEATING/COOLING fa/ca fa/ca fa/ca fa/ca
<br />
<br />GARAGE 936 + der 1500 92~ $8,000 572 $13,800 672 $11,800
<br />PORCHES/PAT[OS deck ($2,000)
<br />POOLS/ETC.
<br />FIREPLACE (S) fpl ($1,500)
<br />OTHER (UPDATE, 2 Bow windows walkout no $2,000 walkout no $2,000 walkout $1,000
<br />LANDSCAPING, ETC. walkout bow window bow window bow
<br />NET ADJ USTM ENT $27,220 $38,956 $55,190
<br />INDICATED VALUE $237,220 $223,956 $219,190
<br />OF SUBJECT
<br />
<br />COMMENTS ON SALES COMPARISON: _comp 2 & 3 site adj due to the subjects superior view and size
<br />
<br />INDICATED VALUE BY SALES COMPARISON APPROACH .............................................. $ 230,000
<br />ESTIMATE OF MARKET VALUE AS OF JANUARY 2 ..................................................... $ 230,000
<br />APPRAISERS SIGNATURE PIN R12 32 25 22 0010
<br />NAME Don Lovstad
<br />DATE 4/10/01
<br />
<br />The Scope of the appraisal includes inspecting the subject property, considering market trends, collecting and
<br />analyzing pertinent data, developing an opinion of the subject property's estimated market value. The appraisal has
<br />been developed utilizing only the Sales Comparison Analysis, which is considered most relevant for residential
<br />property appraisals as it reflects the actions of typical buyers and sellers in the market place. The cost approach,
<br />income approach and highest and best use valuation are excluded as they are not necessary to develop a credible
<br />estimated market value, thereby invoking the departure provision as permitted by the Uniform Standards of
<br />Professional Appraisal Practice (USPAP).
<br />
<br />f/SALECOM P.DOC
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