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<br />IFile No 2004 2251 Paoe #51 <br />SMALL RESIDENTIAL INCOME PROPERTY APPRAISAL REPORT <br /> <br />General description Exterior description (Materiais/condttion) Foundation Insulation (R-value if known) <br />Untts/bldgs. 3 /1 Foundation PIC Slab No o Roof Unk <br />Stories 1 Exterior wails Vert. Wd/Masonite Crawl space No o Ceiling Unk <br />Type (det./att.) Attached Roof surtace Asnhalt Sump Pump Yes ~ Wails 4" <br />Design (style) 4-Level Gutters & dwnspts. Steel Dampness No ~ Floor None <br />Existinwproposed Existino Window type Wood Dble Hunn Settlement No o None <br />Under construction NA Storm sash/Screens Wood/Aluminum Infestation No Adequacy <br />Vear Buitt 1970 Manu1actured housing' o Ves ~No Basement ...1.Q9- % of 1 st floor area Energy efficient items: - <br />Effective age(yrs.) 25 '(Complies wtth the HUD Manufactured Housing Basement finish 60%/5-2-1 <br /> Construction anrl Sat"" Standards. \ <br />lI"a, 10..011,\ 0"..0' 11..lnn n'"'nn ~aoho" nO" O,mik,~ Rorimnm' "" R,'h, I","rin, (\tho, On fi /.."a Tnt,1 rtJ <br />1 1 1 1 1 1 2 1 1104 1104 <br />1 1 1 1 1 1 2 1 1152 1152 <br />1 L 1 1 1 1 2 1 1104 1104 <br />, ennt.I"' 18 Rnnm" 6 e.",nom/." 3 e"h/.\. 3360 .e>o <br />GROSS BUILDING AREA (GBA) IS DEFINED AS THE TOTAL FINISHED AREA (INCLUDING COMMON AREAS) OF THE IMPROVEMENTS BASED UPON EXTERIOR <br />Surfaces (Materials/condttion) Healing Kkchen aqulp, (# I unlt-cond,) Attic Car Storage No. Cars =-- <br />Floors Carnet Vinvl/Avo Type Baseboard Refrigerator l/1-Avo ~ None Garage 0 <br />Wails Drvwall/Avo Fuel Electric Range/oven l/1-Avo o Stairs Carport 0 <br />Trim/Finish Softwood/Avn Condttion Unknown Disposal None o Drop stair Attached 0 <br />Bath floor Vinvl/Avo Dishwasher None o Scuttle Detached 0 <br />Bath wainscot None Cooling Fan/hood 1I1-A vn o Floor Adequate ~ <br />Doors Hollowcore/Avo Central None Compactor None o Heated Inadequate 0 <br /> Other Washer/dryer l/1-Avn o Finished Offstreet ~ <br /> Condttion Microwave l/1-ave o Untinished None ~ <br />o;,onl.oo/,\ None "" Into,onm None 6-off street oarkino <br />Condttion of the improvements, repairs needed, qualtty of construction, addttional features, modernization, etc.: Dwellino is of averaae aualitv and in averaoe <br />condition. Phvsical denr. based on 25 vear effective ane. This dwellino has seen normal maintenance wkh no noticeable deferred maintenance. <br />Units have not seen much for uodatino so some functional deoreciation taken below in cost aooroach. <br />Depreciation (physical, functional, and external inadequacies, etc.): Phvsical denreciation based on 100 vear SL Method with 25 vear effective aae. Some <br />functional deoreciation noted for aoe limited undatinn sinn Ie baths ner unit and no naranes. No extemal denreciation noted as nronertv Is <br />located iust off interstate onlv 6 miles from West Farno, <br />Adverse environmental condttions (such as, bu1 not limtted to, hazardous wastes, toxic substances, etc.) present in the improvements, on the stte, or in the immediate vicintty of <br />the subject property: No adverse environmental conditions known to exist. <br /> VALUATION ANALYSIS <br />ESTIMATED SITE VALUE ... ........ = $ 16000 Comments on Cost Approach (such as, source of cost estimate, stte value, square foot <br />ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: calculation and, for HUD and VA, the estimated remaining economic life of the property): <br />3.360 Sq Ft. @$ 52.18 =$ 175.325 The cost estimates for RCN are from Marshall & Swift Residential Cost <br />1,104 Sq. Ft. @ $ 15.15 =$ 16,726 Handbook. <br /> Sq. Ft.@$ =$ <br /> Sq. Ft. @ $ =$ Phvsical denr. is based on SL Method with 25 vear effective ane. <br /> Sq. Ft. @ $ =$ Some /20%\ functional denreciation noted for ane lavout sinnle bath <br />Built-ins =$ 5,396 units no narane stalls. <br /> =$ No extemal denr. noted as it is 'ust 5 minutes from West Faroo. <br /> =$ <br /> =$ <br /> =$ <br />Special Energy Efficient Items =$ <br />Porches, Patios, etc. =$ <br />Total Estimated Cost New =$ 197.400 <br /> Physical Functional External <br />Less ~=$ <br />Depreciation 79,000 <br />Depreciated Value of Improvements ................ = $ 118400 <br />"As is" Value of Srte Improvements .. =$ <br />INDICATED VALUE BV COST APPROACH. .~ 134 400 <br /> <br />Freddie Mac Form 72 10.94 <br /> <br />PAGE 2 OF 4 <br />Form SR3 - "TOTAL for Windows" appraisal software by a la mode, inc. -1.800.ALAMODE <br /> <br />Fannie Mae Form 1025 10-94 <br />