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  1. ' Edited Form File: D:\Pangaea\Rcondo2.frm
  2. ' Date Created:    11-Jun-1997 07:22:42
  3. '
  4. ' Fonts
  5. F,1,75,1,0,0,Arial Narrow
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  12. F,8,110,1,0,0,Arial Narrow
  13. F,9,60,0,0,0,Arial Narrow
  14. '
  15. P,1,2,Condominium
  16. '
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  177. '
  178. ' Lines
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  182. L,404,286,415,275,1,0,0
  183. '
  184. ' Images
  185. '
  186. ' Text Strings
  187. T,140,11,8,0,INDIVIDUAL CONDOMINIUM UNIT APPRAISAL REPORT
  188. T,501,14,1,0,File No.
  189. T,13,32,2,0, Unit Charge $  
  190. T,130,32,2,0,per mo. x 12 =$
  191. T,253,32,2,0, per yr.
  192. T,290,32,2,0,Annual Assessment charge per year/square feet of gross living area =$
  193. T,13,46,2,0, Is the project subject to ground rent?
  194. T,180,46,2,0, Yes
  195. T,222,46,2,0,No
  196. T,245,46,2,0,If yes, $
  197. T,335,46,2,0, per year.
  198. T,13,62,4,0, Utilities included in unit charge:
  199. T,158,62,2,0, None
  200. T,205,62,2,0, Heat
  201. T,252,62,2,0,Air Conditioning
  202. T,340,62,2,0,Electricity
  203. T,399,62,2,0, Gas  
  204. T,437,62,2,0, Water
  205. T,488,62,2,0, Sewer
  206. T,13,77,2,0, Note any fees, other than regular HOA charges, for use of facilities
  207. T,13,93,2,0, Compared to other competitive projects of similar quality and design, the subject unit charge appears:
  208. T,424,93,2,0, High
  209. T,472,93,2,0,Typical
  210. T,528,93,2,0, Low
  211. T,13,108,2,0, To properly maintain the project and provide the services anticipated, the budget appears:
  212. T,381,108,2,0, Adequate
  213. T,448,108,2,0,Inadequate
  214. T,519,108,2,0, Unknown
  215. T,13,123,2,0, Management Group:
  216. T,116,123,2,0, Home Owners' Association
  217. T,246,123,2,0,Developer
  218. T,311,123,2,0, Management Agent (identify)
  219. T,13,139,2,0, Quality of management and its enforcement of Rules and Regulations based on general appearance of project appears:
  220. T,488,139,2,0, Adequate
  221. T,555,139,2,0,Inadequate
  222. T,13,155,4,0, Special or unusual characteristics in the Condominium Documents or other information known to the appraiser that would affect marketability (if none, so state)
  223. T,40,199,1,0,ITEM
  224. T,115,199,1,0,SUBJECT
  225. T,203,199,1,0,COMPARABLE NO. 1
  226. T,348,199,1,0,COMPARABLE NO. 2
  227. T,493,199,1,0,COMPARABLE NO. 3
  228. T,13,214,3,0, Address, Unit #,
  229. T,13,229,3,0, and Project Name
  230. T,13,244,2,0, Proximity to Subject
  231. T,13,259,2,0, Sales Price
  232. T,93,259,1,0, $
  233. T,238,259,1,0, $
  234. T,383,259,1,0, $
  235. T,528,259,1,0, $
  236. T,93,274,1,0, $
  237. T,182,274,1,0, $
  238. T,327,274,1,0, $
  239. T,472,274,1,0, $
  240. T,13,275,4,0, Price/Gross Liv. Area
  241. T,13,292,2,0, Data and/or
  242. T,13,306,2,0, Verification Sources
  243. T,111,320,2,0,DESCRIPTION
  244. T,200,321,2,0,DESCRIPTION
  245. T,345,321,2,0,DESCRIPTION
  246. T,490,321,2,0,DESCRIPTION
  247. T,15,322,9,0,VALUE ADJUSTMENTS
  248. T,274,321,6,0,+(û) $Adjustment
  249. T,419,321,6,0,+(û) $Adjustment
  250. T,565,321,6,0,+(û) $Adjustment
  251. T,13,339,2,0, Sales or Financing
  252. T,13,352,2,0, Concessions
  253. T,13,367,2,0, Date of Sale/Time
  254. T,13,383,2,0, Location
  255. T,13,399,3,0, Leasehold/Fee Simple
  256. T,13,415,3,0, HOA Mo. Assessment
  257. T,13,429,2,0, Common Elements
  258. T,13,445,2,0, and Rec. Facilities
  259. T,13,460,2,0, Project Size/Type
  260. T,13,475,2,0, Floor Location
  261. T,15,477,2,0, 
  262. T,13,491,2,0, View
  263. T,13,506,2,0, Design and Appeal
  264. T,13,522,3,0, Quality of Construction
  265. T,13,537,2,0, Age
  266. T,13,553,2,0, Condition
  267. T,13,570,2,0, Above Grade
  268. T,98,568,4,0,Total
  269. T,125,568,4,0,Bdrms
  270. T,155,568,4,0,Baths
  271. T,187,568,4,0,Total
  272. T,214,568,4,0,Bdrms
  273. T,244,568,4,0,Baths
  274. T,332,568,4,0,Total
  275. T,360,568,4,0,Bdrms
  276. T,390,568,4,0,Baths
  277. T,478,568,4,0,Total
  278. T,505,568,4,0,Bdrms
  279. T,535,568,4,0,Baths
  280. T,13,585,2,0, Room Count
  281. T,13,599,2,0, Gross Living Area
  282. T,155,598,2,0,Sq. Ft.
  283. T,244,598,2,0,Sq. Ft.
  284. T,389,598,2,0,Sq. Ft.
  285. T,534,598,2,0,Sq. Ft.
  286. T,13,617,4,0, Basement & Finished
  287. T,13,630,4,0, Rooms Below Grade
  288. T,13,645,2,0, Functional Utility
  289. T,13,661,2,0, Heating/Cooling
  290. T,13,677,3,0, Energy Efficient Items
  291. T,13,691,2,0, Car Storage
  292. T,13,709,2,0, Balcony, Patio,
  293. T,13,722,2,0, Fireplace(s), etc.
  294. T,13,753,2,0, Net. Adj. (total)
  295. T,201,753,7,0, +
  296. T,245,753,1,0, $
  297. T,346,753,7,0, +
  298. T,391,753,1,0, $
  299. T,492,753,7,0, +
  300. T,536,753,1,0, $
  301. T,13,772,4,0, Adjusted Sales Price
  302. T,245,783,1,0, $
  303. T,391,783,1,0, $
  304. T,536,783,1,0, $
  305. T,13,784,2,0, of Comparable
  306. T,13,800,4,0, Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc.):
  307. T,40,861,1,0,ITEM
  308. T,115,861,1,0,SUBJECT
  309. T,203,861,1,0,COMPARABLE NO. 1
  310. T,348,861,1,0,COMPARABLE NO. 2
  311. T,493,861,1,0,COMPARABLE NO. 3
  312. T,13,877,3,0, Date, Price and Data
  313. T,13,893,3,0, Source for prior sales
  314. T,13,906,3,0, within year of appraisal
  315. T,13,922,3,0, Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal:
  316. T,13,969,1,0, INDICATED VALUE BY SALES COMPARISON APPROACH
  317. T,536,969,1,0, $
  318. T,240,970,2,0,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  319. T,13,984,1,0, INDICATED VALUE BY INCOME APPROACH
  320. T,536,984,1,0, $
  321. T,190,985,2,0,(If Applicable) Estimated Market Rent  $
  322. T,395,985,2,0,/Mo. x Gross Rent Multiplier
  323. T,532,985,2,0,=
  324. T,13,1000,1,0, INDICATED VALUE BY COST APPROACH
  325. T,536,999,1,0, $
  326. T,176,1000,2,0, (Attach If Applicable)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  327. T,13,1017,4,0, The appraisal is made
  328. T,110,1017,4,0, "as is"
  329. T,161,1017,4,0,subject to the repairs, alterations, inspections, or conditions listed below
  330. T,434,1017,4,0,subject to completion per plans and specifications.
  331. T,13,1028,2,0, Conditions of Appraisal:
  332. T,13,1058,2,0, Final Reconciliation:
  333. T,13,1087,4,0, The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification,
  334. T,13,1098,4,0, contingent and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 439/Fannie Mae Form 1004B (Revised
  335. T,611,1099,4,0,).
  336. T,13,1113,5,0, I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF
  337. T,505,1129,1,0,.
  338. T,356,1129,1,0, $
  339. T,13,1129,5,0, (WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE 
  340. T,13,1153,5,0, APPRAISER:
  341. T,317,1153,5,0,SUPERVISORY APPRAISER (ONLY IF REQUIRED):
  342. T,13,1165,2,0, Signature
  343. T,317,1165,2,0,Signature
  344. T,550,1166,2,0, Did
  345. T,585,1166,2,0, Did Not
  346. T,13,1180,2,0, Name
  347. T,317,1180,2,0,Name
  348. T,544,1181,2,0,Inspect Property
  349. T,13,1195,2,0, Date Report Signed
  350. T,317,1196,2,0,Date Report Signed
  351. T,13,1210,2,0, State Certification #
  352. T,265,1210,2,0,State
  353. T,317,1211,2,0,State Certification #
  354. T,569,1211,2,0,State
  355. T,13,1226,2,0, Or State License #
  356. T,265,1226,2,0,State
  357. T,317,1226,2,0,Or State License #
  358. T,569,1227,2,0,State
  359. T,1,1240,6,0,Freddie Mac Form 465  10-94           10 CH.
  360. T,165,1240,6,0,This form was reproduced by United Systems Software Company  (800) 969-8727 - Page 2 of 2
  361. T,525,1240,6,0,Fannie Mae Form 1073  10-94
  362.