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<br />YES NO N/A
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<br />~ 0 0
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<br />
<br />3, Does the neighborhood section provide the YES NO N/A 5, Are comments in the neighborhood section
<br />reviewer an adequate understanding with relevant and do they Qive insight into those
<br />respect to locational factors, growth rate and conditions which positively or negatively affect
<br />economic trends, property values, housing supply, the appraised properties value and marketability?
<br />marketing time, land lise, price ranges, 6, Have all fair and poor ratings in the
<br />convenience to employment and amenities, neighborhood section been explained?
<br />adequacy of utilities and recreational facilities, 7. If marketing time is over six months, has the
<br />property compatibility, appearance of properties, appraiser commented on the reasons for slow
<br />detrimental conditions and marketability? 0" ~ 0 market conditions in the subject area?
<br />4. Does the appraisal report enable the reviewer to 8. If the market is slow, has the appraiser indicated
<br />spot healthy growth patterns or trends that may whether or not this has resulted in a decline in values?
<br />indicate a deteriorating neighborhood with limited 9. Is the neighborhood section of the report completed
<br />market appeal? 0 ~ 0 and accurate?
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<br />YES NO N/A
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<br />o ~ 0
<br />o ~ 0
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<br />o 0 (gJ
<br />o (gJ 0
<br />o (gJ 0
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<br />Reviewer's Comments 3. The neiQhorhood is in obvious decline. There appears to be a lack of health, safety and zoninQ enforcement.
<br />4. Public and media publicity on sewer and property conformity issues over the years indicate a potential problem. A site visit makes it
<br />obvious.
<br />
<br />;~~~Yil".. :r,.
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<br />
<br />10. Has the appraiser commented on
<br />unfavorable site factors?
<br />11. Does the appraiser indicate whether
<br />or not the subject property meets all
<br />the criteria for a desirable lot in the area?
<br />12. Has the appraiser addressed and
<br />commented on problems relating to
<br />poor drainage, flood conditions,
<br />adverse easements, encroachments or
<br />other detrimental factors?
<br />
<br />YES NO N/A
<br />o ~ 0
<br />
<br />~ 0 0
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<br />o ~ 0
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<br />13. Does the appraiser indicate the subject's YES NO N/A
<br />zoning and whether or not the subject ~ 0 0
<br />conforms with present zoninQ requirements?
<br />14. Has the appraiser accurately Indicated the ~ 0 0
<br />dimensions and size of the sUb/ect lot?
<br />15. Does the appraisal report revea whether or not
<br />site improvements and services to the site are 0 ~ 0
<br />adequate and acceptable in the market place?
<br />16. is the site section of the appraisal report 0 ~ 0
<br />complete and accurate?
<br />
<br />
<br />
<br />Reviewer's Comments 10. No public sewer, Cass County Health will not Qive a permit to update or install new septic systems.
<br />11. Poor drainaQe of the lots and ditches. There is Qenerally surface water on the sites durinQ wet periods. 13. States it is leQal, however it is
<br />non-conforminQ. All buildinQ permits are denied and it is intended to be industrial.
<br />
<br />S" ';,'S'ECT1,'0 "~"'W'",,,,~t'f~';j, "N;.),~~~'
<br />. ~.. . '. ,,~~Gi;,;,i~ "'l~,et,~~...):':.;!~ ,~. '
<br />amenities, limit the value and market appeal of
<br />the subject?
<br />25. If there is evidence 01 dampness, termites or
<br />settlement, did the appraiser comment on these
<br />factors?
<br />26. Has the appraiser provided the reviewer with a clear
<br />and accurate understanding of the physical and func-
<br />tional attributes of the subject property?
<br />27. Is the property rating section accurate as well as
<br />consistent with other data in the report?
<br />28. Has the appraiser presented information on construc-
<br />tion features in a manner that gives an accurate and
<br />adequate view of the subject property?
<br />29. Has information relating to the improvement been
<br />well handled?
<br />30. In the reviewer's opinion, is the descriptive section
<br />of the appraisal report (page one) acceptable?
<br />31. Has the appraiser required all needed repairs?
<br />32. Is the improvement section of the report complete
<br />and accurate?
<br />
<br />17. If the subject property is a condominium,
<br />are the project improvements and project
<br />rating sectIOns complete and accurate?
<br />18, Did the appraiser comment on physical and
<br />functional inadequacies and indicate whether or
<br />not repairs and modernization are needed?
<br />19. Has the appraiser explained fair or poor
<br />improvement ratings?
<br />20. Does the appraiser indicate whether or not
<br />factors receiving poor or fair ratinos adversely
<br />affect the property's marketability?
<br />21. Have factors relating to age, condition, quality
<br />of construction, finish and equipment, as wen
<br />as size and utility been property handled?
<br />22. Has the appraiser given serious attention to
<br />structural problems?
<br />23. Did the appraiser comment on unusual layouts,
<br />peculiar floor plans, inadequate equipment
<br />and amenities?
<br />24. Has the appraiser indicated whether or not
<br />factors relating to unusual layouts, peculiar floor
<br />plans, and inadequate equipment and
<br />
<br />YES
<br />
<br />NO
<br />
<br />NJA
<br />
<br />[gJ
<br />
<br />o
<br />o
<br />
<br />o
<br />
<br />o
<br />o
<br />
<br />o
<br />
<br />o
<br />o
<br />o
<br />o
<br />o
<br />D
<br />o
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<br />Reviewer's Comments 18: roof, ceilinQ and safety issues.21. Does not address the siQnificance of the aQe of the manufactured house.
<br />22. Foundation problems. 25. No comment on ceilinQ or mildew conditions.
<br />
<br />o
<br />
<br />o
<br />
<br />~
<br />
<br />o
<br />
<br />o
<br />o
<br />o
<br />o
<br />o
<br />o
<br />o
<br />
<br />o
<br />o
<br />
<br />[2J
<br />~
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<br />
<br />33. Are the appraiser's measurements for gross YES NO N/A depreciation appear reasonable. in light ~f subject's
<br />living area correct? ~. 0 0 age, condition, state of modernization, SIZe, utility,
<br />34. Has the appraiser commented on functional and location?
<br />and economic obsolescence? D [2J 0 37. Is the estimate of land value appropriate?
<br />35, In estimating reproduction costs, has the 38. Are the a~praiser's mathematical calculations
<br />appraiser used cost figures that are appropriate accurate.
<br />for the local market? ~ 0 0 39. Is the bud~et analysis section accurate and
<br />36. Do figures for physical, functional and economic complete (if condo)?
<br />40. Is the cost section complete and accurate?
<br />
<br />o
<br />
<br />[2J
<br />
<br />Reviewer's Comments 34.LNo comments eJn the economic obsolence created bv the neJfLhborhood or zoninQ issues.
<br />
<br />o
<br />o
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<br />~
<br />~
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<br />COjJyng/110 2COl by W NJticp_,1 As$oci1ti.0n ot Rev;'., Aj)praisus and Mortcage Une.cNrlers, 1224 North No,omis NE. A~xandria Minnesota 56308 USA, This ,
<br />j~~ -~., h~ ,~",........I.,,"arl...,.<tM..t ""dot"" r"N'lc..nl h.....,."",." th.o "l,hti"rd 1c<:.vi:rlinn nf ~j1vi.~w AI".l\r;!k.ur;: :I/'\li Mf1itrur,;> IlnMrJJrilN~' must hp. .;clmow!.!doed and crad.~t~d
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<br />o
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<br />o
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<br />~
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<br />YES NO
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<br />o ~ 0
<br />o ~ 0
<br />~ 0 0
<br />o 0 ~
<br />o ~ 0
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<br />Revial'l Form reo. 2V02
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