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  1. ' Edited Form File: U:\Pangaea\Rsrip4.frm
  2. ' Date Created:    19-Jun-1997 10:24:34
  3. '
  4. ' Fonts
  5. F,1,100,1,0,0,Arial Narrow
  6. F,2,60,0,0,0,Arial Narrow
  7. F,3,70,0,0,0,Arial Narrow
  8. F,4,70,1,0,0,Arial Narrow
  9. F,5,80,0,0,0,Arial Narrow
  10. F,6,65,0,0,0,Arial Narrow
  11. F,7,75,0,0,0,Arial Narrow
  12. F,8,75,1,0,0,Arial Narrow
  13. F,9,80,1,0,1,Arial Narrow
  14. F,10,75,1,0,1,Arial Narrow
  15. '
  16. P,1,4,SRIP1094
  17. '
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  407. R,267,490,1,2,1,1,0
  408. R,353,490,1,2,1,1,0
  409. R,368,490,1,2,1,1,0
  410. R,411,490,1,2,1,1,0
  411. R,498,490,1,2,1,1,0
  412. R,513,490,1,2,1,1,0
  413. R,556,490,1,2,1,1,0
  414. R,91,492,88,1,1,1,0
  415. R,178,492,89,1,1,1,0
  416. R,323,492,88,1,1,1,0
  417. R,467,492,89,1,1,1,0
  418. R,120,493,1,2,1,1,0
  419. R,135,493,1,2,1,1,0
  420. R,208,493,1,2,1,1,0
  421. R,224,493,1,2,1,1,0
  422. R,267,493,1,2,1,1,0
  423. R,353,493,1,2,1,1,0
  424. R,368,493,1,2,1,1,0
  425. R,411,493,1,2,1,1,0
  426. R,498,493,1,2,1,1,0
  427. R,513,493,1,2,1,1,0
  428. R,556,493,1,2,1,1,0
  429. R,120,496,1,2,1,1,0
  430. R,135,496,1,2,1,1,0
  431. R,208,496,1,2,1,1,0
  432. R,224,496,1,2,1,1,0
  433. R,267,496,1,2,1,1,0
  434. R,353,496,1,2,1,1,0
  435. R,368,496,1,2,1,1,0
  436. R,411,496,1,2,1,1,0
  437. R,498,496,1,2,1,1,0
  438. R,513,496,1,2,1,1,0
  439. R,556,496,1,2,1,1,0
  440. R,120,499,1,2,1,1,0
  441. R,135,499,1,2,1,1,0
  442. R,208,499,1,2,1,1,0
  443. R,224,499,1,2,1,1,0
  444. R,267,499,1,2,1,1,0
  445. R,353,499,1,2,1,1,0
  446. R,368,499,1,2,1,1,0
  447. R,411,499,1,2,1,1,0
  448. R,498,499,1,2,1,1,0
  449. R,513,499,1,2,1,1,0
  450. R,556,499,1,2,1,1,0
  451. R,120,502,1,2,1,1,0
  452. R,135,502,1,2,1,1,0
  453. R,208,502,1,2,1,1,0
  454. R,224,502,1,2,1,1,0
  455. R,267,502,1,2,1,1,0
  456. R,353,502,1,2,1,1,0
  457. R,368,502,1,2,1,1,0
  458. R,411,502,1,2,1,1,0
  459. R,498,502,1,2,1,1,0
  460. R,513,502,1,2,1,1,0
  461. R,556,502,1,2,1,1,0
  462. R,120,505,1,2,1,1,0
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  465. R,224,505,1,2,1,1,0
  466. R,267,505,1,2,1,1,0
  467. R,353,505,1,2,1,1,0
  468. R,368,505,1,2,1,1,0
  469. R,411,505,1,2,1,1,0
  470. R,498,505,1,2,1,1,0
  471. R,513,505,1,2,1,1,0
  472. R,556,505,1,2,1,1,0
  473. R,91,507,88,1,1,1,0
  474. R,178,507,89,1,1,1,0
  475. R,323,507,88,1,1,1,0
  476. R,467,507,89,1,1,1,0
  477. R,120,508,1,2,1,1,0
  478. R,135,508,1,2,1,1,0
  479. R,208,508,1,2,1,1,0
  480. R,224,508,1,2,1,1,0
  481. R,267,508,1,2,1,1,0
  482. R,353,508,1,2,1,1,0
  483. R,368,508,1,2,1,1,0
  484. R,411,508,1,2,1,1,0
  485. R,498,508,1,2,1,1,0
  486. R,513,508,1,2,1,1,0
  487. R,556,508,1,2,1,1,0
  488. R,120,511,1,2,1,1,0
  489. R,135,511,1,2,1,1,0
  490. R,208,511,1,2,1,1,0
  491. R,224,511,1,2,1,1,0
  492. R,267,511,1,2,1,1,0
  493. R,353,511,1,2,1,1,0
  494. R,368,511,1,2,1,1,0
  495. R,411,511,1,2,1,1,0
  496. R,498,511,1,2,1,1,0
  497. R,513,511,1,2,1,1,0
  498. R,556,511,1,2,1,1,0
  499. R,120,514,1,2,1,1,0
  500. R,135,514,1,2,1,1,0
  501. R,208,514,1,2,1,1,0
  502. R,224,514,1,2,1,1,0
  503. R,267,514,1,2,1,1,0
  504. R,353,514,1,2,1,1,0
  505. R,368,514,1,2,1,1,0
  506. R,411,514,1,2,1,1,0
  507. R,498,514,1,2,1,1,0
  508. R,513,514,1,2,1,1,0
  509. R,556,514,1,2,1,1,0
  510. R,120,517,1,2,1,1,0
  511. R,135,517,1,2,1,1,0
  512. R,208,517,1,2,1,1,0
  513. R,224,517,1,2,1,1,0
  514. R,267,517,1,2,1,1,0
  515. R,353,517,1,2,1,1,0
  516. R,368,517,1,2,1,1,0
  517. R,411,517,1,2,1,1,0
  518. R,498,517,1,2,1,1,0
  519. R,513,517,1,2,1,1,0
  520. R,556,517,1,2,1,1,0
  521. R,120,520,1,2,1,1,0
  522. R,135,520,1,2,1,1,0
  523. R,208,520,1,2,1,1,0
  524. R,224,520,1,2,1,1,0
  525. R,267,520,1,2,1,1,0
  526. R,353,520,1,2,1,1,0
  527. R,368,520,1,2,1,1,0
  528. R,411,520,1,2,1,1,0
  529. R,498,520,1,2,1,1,0
  530. R,513,520,1,2,1,1,0
  531. R,556,520,1,2,1,1,0
  532. R,91,521,88,1,1,1,0
  533. R,178,521,89,1,1,1,0
  534. R,323,521,88,1,1,1,0
  535. R,467,521,89,1,1,1,0
  536. R,120,523,1,2,1,1,0
  537. R,135,523,1,2,1,1,0
  538. R,208,523,1,2,1,1,0
  539. R,224,523,1,2,1,1,0
  540. R,267,523,1,2,1,1,0
  541. R,353,523,1,2,1,1,0
  542. R,368,523,1,2,1,1,0
  543. R,411,523,1,2,1,1,0
  544. R,498,523,1,2,1,1,0
  545. R,513,523,1,2,1,1,0
  546. R,556,523,1,2,1,1,0
  547. R,120,526,1,2,1,1,0
  548. R,135,526,1,2,1,1,0
  549. R,208,526,1,2,1,1,0
  550. R,224,526,1,2,1,1,0
  551. R,267,526,1,2,1,1,0
  552. R,353,526,1,2,1,1,0
  553. R,368,526,1,2,1,1,0
  554. R,411,526,1,2,1,1,0
  555. R,498,526,1,2,1,1,0
  556. R,513,526,1,2,1,1,0
  557. R,556,526,1,2,1,1,0
  558. R,120,529,1,2,1,1,0
  559. R,135,529,1,2,1,1,0
  560. R,208,529,1,2,1,1,0
  561. R,224,529,1,2,1,1,0
  562. R,267,529,1,2,1,1,0
  563. R,353,529,1,2,1,1,0
  564. R,368,529,1,2,1,1,0
  565. R,411,529,1,2,1,1,0
  566. R,498,529,1,2,1,1,0
  567. R,513,529,1,2,1,1,0
  568. R,556,529,1,2,1,1,0
  569. R,120,532,1,2,1,1,0
  570. R,135,532,1,2,1,1,0
  571. R,208,532,1,2,1,1,0
  572. R,224,532,1,2,1,1,0
  573. R,267,532,1,2,1,1,0
  574. R,353,532,1,2,1,1,0
  575. R,368,532,1,2,1,1,0
  576. R,411,532,1,2,1,1,0
  577. R,498,532,1,2,1,1,0
  578. R,513,532,1,2,1,1,0
  579. R,556,532,1,2,1,1,0
  580. R,267,533,1,2,1,1,0
  581. R,411,533,1,2,1,1,0
  582. R,556,533,1,2,1,1,0
  583. R,120,534,1,2,1,1,0
  584. R,135,534,1,2,1,1,0
  585. R,208,534,1,2,1,1,0
  586. R,224,534,1,2,1,1,0
  587. R,353,534,1,2,1,1,0
  588. R,368,534,1,2,1,1,0
  589. R,498,534,1,2,1,1,0
  590. R,513,534,1,2,1,1,0
  591. R,11,535,606,1,1,1,0
  592. R,267,535,1,2,1,1,0
  593. R,411,535,1,2,1,1,0
  594. R,556,535,1,2,1,1,0
  595. R,267,536,1,2,1,1,0
  596. R,411,536,1,2,1,1,0
  597. R,556,536,1,2,1,1,0
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  599. R,411,538,1,2,1,1,0
  600. R,556,538,1,2,1,1,0
  601. R,267,542,1,2,1,1,0
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  603. R,556,542,1,2,1,1,0
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  605. R,411,545,1,2,1,1,0
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  607. R,267,548,1,2,1,1,0
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  609. R,556,548,1,2,1,1,0
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  611. R,267,551,1,2,1,1,0
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  615. R,411,554,1,2,1,1,0
  616. R,556,554,1,2,1,1,0
  617. R,267,557,1,2,1,1,0
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  621. R,411,560,1,2,1,1,0
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  623. R,267,563,1,2,1,1,0
  624. R,411,563,1,2,1,1,0
  625. R,556,563,1,2,1,1,0
  626. R,11,565,606,1,1,1,0
  627. R,267,567,1,2,1,1,0
  628. R,411,567,1,2,1,1,0
  629. R,556,567,1,2,1,1,0
  630. R,267,570,1,2,1,1,0
  631. R,411,570,1,2,1,1,0
  632. R,556,570,1,2,1,1,0
  633. R,267,573,1,2,1,1,0
  634. R,411,573,1,2,1,1,0
  635. R,556,573,1,2,1,1,0
  636. R,267,576,1,2,1,1,0
  637. R,411,576,1,2,1,1,0
  638. R,556,576,1,2,1,1,0
  639. R,267,577,1,2,1,1,0
  640. R,411,577,1,2,1,1,0
  641. R,556,577,1,2,1,1,0
  642. R,11,580,606,1,1,1,0
  643. R,267,580,1,2,1,1,0
  644. R,411,580,1,2,1,1,0
  645. R,556,580,1,2,1,1,0
  646. R,267,583,1,2,1,1,0
  647. R,411,583,1,2,1,1,0
  648. R,556,583,1,2,1,1,0
  649. R,267,586,1,2,1,1,0
  650. R,411,586,1,2,1,1,0
  651. R,556,586,1,2,1,1,0
  652. R,267,589,1,2,1,1,0
  653. R,411,589,1,2,1,1,0
  654. R,556,589,1,2,1,1,0
  655. R,267,592,1,2,1,1,0
  656. R,411,592,1,2,1,1,0
  657. R,556,592,1,2,1,1,0
  658. R,11,595,606,1,1,1,0
  659. R,267,595,1,2,1,1,0
  660. R,411,595,1,2,1,1,0
  661. R,556,595,1,2,1,1,0
  662. R,267,598,1,2,1,1,0
  663. R,411,598,1,2,1,1,0
  664. R,556,598,1,2,1,1,0
  665. R,267,601,1,2,1,1,0
  666. R,411,601,1,2,1,1,0
  667. R,556,601,1,2,1,1,0
  668. R,267,604,1,2,1,1,0
  669. R,411,604,1,2,1,1,0
  670. R,556,604,1,2,1,1,0
  671. R,267,607,1,2,1,1,0
  672. R,411,607,1,2,1,1,0
  673. R,556,607,1,2,1,1,0
  674. R,267,610,1,2,1,1,0
  675. R,411,610,1,2,1,1,0
  676. R,556,610,1,2,1,1,0
  677. R,267,613,1,2,1,1,0
  678. R,411,613,1,2,1,1,0
  679. R,556,613,1,2,1,1,0
  680. R,267,616,1,2,1,1,0
  681. R,411,616,1,2,1,1,0
  682. R,556,616,1,2,1,1,0
  683. R,267,619,1,2,1,1,0
  684. R,411,619,1,2,1,1,0
  685. R,556,619,1,2,1,1,0
  686. R,267,622,1,2,1,1,0
  687. R,411,622,1,2,1,1,0
  688. R,556,622,1,2,1,1,0
  689. R,11,625,606,1,1,1,0
  690. R,267,625,1,2,1,1,0
  691. R,411,625,1,2,1,1,0
  692. R,556,625,1,2,1,1,0
  693. R,267,629,1,2,1,1,0
  694. R,411,629,1,2,1,1,0
  695. R,556,629,1,2,1,1,0
  696. R,267,632,1,2,1,1,0
  697. R,411,632,1,2,1,1,0
  698. R,556,632,1,2,1,1,0
  699. R,267,635,1,2,1,1,0
  700. R,411,635,1,2,1,1,0
  701. R,556,635,1,2,1,1,0
  702. R,267,638,1,2,1,1,0
  703. R,411,638,1,2,1,1,0
  704. R,556,638,1,2,1,1,0
  705. R,11,640,606,1,1,1,0
  706. R,91,641,87,45,1,1,13158600
  707. R,11,655,606,1,1,1,0
  708. R,179,656,60,30,1,1,13158600
  709. R,239,656,1,31,1,1,0
  710. R,324,656,59,30,1,1,13158600
  711. R,383,656,1,31,1,1,0
  712. R,468,656,60,30,1,1,13158600
  713. R,528,656,1,31,1,1,0
  714. R,11,686,606,1,1,1,0
  715. R,72,718,545,1,1,1,0
  716. R,11,733,606,1,1,1,0
  717. R,11,748,606,1,1,1,0
  718. R,11,763,606,1,1,1,0
  719. R,90,763,1,63,1,1,0
  720. R,179,763,1,63,1,1,0
  721. R,323,763,1,63,1,1,0
  722. R,467,763,1,63,1,1,0
  723. R,11,779,606,1,1,1,0
  724. R,11,826,606,1,1,1,0
  725. R,11,854,606,1,1,1,0
  726. R,1,869,10,2,1,1,16777215
  727. R,11,869,606,2,1,1,0
  728. R,138,886,62,1,1,1,0
  729. R,302,886,60,1,1,1,0
  730. R,378,886,61,1,1,1,0
  731. R,348,902,267,1,1,1,0
  732. R,1,917,10,2,1,1,16777215
  733. R,11,917,606,2,1,1,0
  734. R,547,932,65,1,1,1,0
  735. R,547,947,65,1,1,1,0
  736. R,547,962,65,1,1,1,0
  737. R,11,966,606,1,1,1,0
  738. R,148,998,467,1,1,1,0
  739. R,11,1013,606,1,1,1,0
  740. R,11,1028,606,1,1,1,0
  741. R,83,1043,532,1,1,1,0
  742. R,11,1058,606,1,1,1,0
  743. R,11,1073,606,1,1,1,0
  744. R,509,1103,64,1,1,1,0
  745. R,540,1119,72,1,1,1,0
  746. R,395,1134,217,1,1,1,0
  747. R,14,1180,296,1,1,1,0
  748. R,315,1180,210,1,1,1,0
  749. R,14,1195,296,1,1,1,0
  750. R,315,1195,210,1,1,1,0
  751. R,14,1210,296,1,1,1,0
  752. R,315,1210,296,1,1,1,0
  753. R,14,1225,296,1,1,1,0
  754. R,315,1225,296,1,1,1,0
  755. '
  756. ' Lines
  757. '
  758. ' Images
  759. '
  760. ' Text Strings
  761. T,0,1122,10,16777215,RECONCILIATION
  762. T,0,901,10,16777215,INC
  763. T,0,542,10,16777215,SALES COMPARISON ANALYSIS
  764. T,0,1239,2,0,Freddie Mac Form 72    10-94            10 CH.
  765. T,15,57,2,0,comparable is inferior to, or less favorable than, the subject property, a plus (+) adjustment is made, thus increasing the indicated value of the subject.
  766. T,466,57,4,0,[(1) Sales Price ≈ Gross Monthly Rent]
  767. T,115,72,5,0,SUBJECT
  768. T,40,72,5,0,ITEM
  769. T,196,72,5,0,COMPARABLE SALE NO. 1
  770. T,340,73,5,0,COMPARABLE SALE NO. 2
  771. T,485,72,5,0,COMPARABLE SALE NO. 3
  772. T,13,94,3,0,Address
  773. T,13,117,3,0,Proximity to subject
  774. T,13,133,3,0,Sales price
  775. T,94,134,3,0,$
  776. T,201,133,3,0,Unf.
  777. T,239,133,3,0,Furn. $
  778. T,346,133,3,0,Unf.
  779. T,384,133,3,0,Furn. $
  780. T,490,133,3,0,Unf.
  781. T,528,133,3,0,Furn. $
  782. T,13,148,3,0,Sales price per GBA
  783. T,94,148,3,0,$
  784. T,182,149,3,0,$
  785. T,327,148,3,0,$
  786. T,471,149,3,0,$
  787. T,13,163,3,0,Gross monthly rent
  788. T,94,163,3,0,$
  789. T,182,164,3,0,$
  790. T,327,164,3,0,$
  791. T,471,164,3,0,$
  792. T,13,177,6,0,Gross mo. rent mult.(1)
  793. T,13,193,3,0,Sales price per unit
  794. T,94,193,3,0,$
  795. T,182,193,3,0,$
  796. T,327,193,3,0,$
  797. T,471,193,3,0,$
  798. T,13,208,3,0,Sales price per room
  799. T,94,209,3,0,$
  800. T,182,209,3,0,$
  801. T,327,209,3,0,$
  802. T,471,209,3,0,$
  803. T,13,224,3,0,Data and/or
  804. T,13,237,3,0,Verification Sources
  805. T,14,252,5,0,ADJUSTMENTS
  806. T,105,252,5,0,DESCRIPTION
  807. T,194,252,5,0,DESCRIPTION
  808. T,338,252,5,0,DESCRIPTION
  809. T,483,252,5,0,DESCRIPTION
  810. T,269,254,2,0,+(û) $ Adjustment
  811. T,413,254,2,0,+(û) $ Adjustment
  812. T,560,254,2,0,+(û) $ Adjustment
  813. T,13,269,3,0,Sales or financing
  814. T,13,281,3,0,concessions
  815. T,13,299,3,0,Date of sale/time
  816. T,13,314,3,0,Location
  817. T,13,329,6,0,Leasehold/Fee Simple
  818. T,13,344,3,0,Site
  819. T,13,359,3,0,View
  820. T,13,374,3,0,Design and appeal
  821. T,13,390,6,0,Quality of construction
  822. T,13,404,3,0,Age
  823. T,13,420,3,0,Condition
  824. T,151,435,3,0,Sq. Ft.
  825. T,239,435,3,0,Sq. Ft.
  826. T,384,435,3,0,Sq. Ft.
  827. T,528,435,3,0,Sq. Ft.
  828. T,13,435,3,0,Gross Building Area
  829. T,93,451,2,0,No.
  830. T,116,451,2,0,Room Count
  831. T,181,451,2,0,No.
  832. T,205,451,2,0,Room Count
  833. T,326,451,2,0,No.
  834. T,349,451,2,0,Room Count
  835. T,470,451,2,0,No.
  836. T,494,451,2,0,Room Count
  837. T,166,453,2,0,No.
  838. T,255,453,2,0,No.
  839. T,399,453,2,0,No.
  840. T,544,453,2,0,No.
  841. T,94,459,2,0,of
  842. T,183,459,2,0,of
  843. T,328,459,2,0,of
  844. T,472,459,2,0,of
  845. T,165,462,2,0,vac.
  846. T,254,462,2,0,vac.
  847. T,398,462,2,0,vac.
  848. T,543,462,2,0,vac.
  849. T,91,467,2,0,units
  850. T,108,464,2,0,Tot
  851. T,125,464,2,0,Br
  852. T,143,464,2,0,Bath
  853. T,179,467,2,0,units
  854. T,196,464,2,0,Tot
  855. T,213,464,2,0,Br
  856. T,231,464,2,0,Bath
  857. T,324,467,2,0,units
  858. T,341,464,2,0,Tot
  859. T,358,464,2,0,Br
  860. T,376,464,2,0,Bath
  861. T,468,467,2,0,units
  862. T,485,464,2,0,Tot
  863. T,502,464,2,0,Br
  864. T,521,464,2,0,Bath
  865. T,13,485,3,0,Unit
  866. T,13,495,3,0,breakdown
  867. T,15,30,2,0,The undersigned has recited three recent sales of properties most similar and proximate to the subject property and has described and analyzed these in this analysis.  If there is a significant variation
  868. T,13,538,3,0,Basement description
  869. T,13,553,3,0,Functional utility
  870. T,13,567,3,0,Heating/cooling
  871. T,13,583,3,0,Parking on/off site
  872. T,13,598,3,0,Project amenities and
  873. T,13,610,3,0,fee (If applicable)
  874. T,13,642,3,0,Net Adj. (total)
  875. T,200,641,5,0,+
  876. T,235,641,5,0,-
  877. T,345,641,5,0,+
  878. T,379,641,5,0,-
  879. T,490,641,5,0,+
  880. T,524,641,5,0,-
  881. T,243,642,3,0,$
  882. T,388,642,3,0,$
  883. T,532,642,3,0,$
  884. T,13,661,3,0,Adj. sales price of
  885. T,13,674,3,0,comparables
  886. T,243,674,3,0,$
  887. T,388,675,3,0,$
  888. T,532,675,3,0,$
  889. T,17,688,6,0,Comments on sales comparison (including reconciliation of all indicators of value as to consistency and relative strength and evaluation of the typical investors'/purchasers' motivation
  890. T,15,704,6,0, in that market):
  891. T,40,765,5,0,ITEM
  892. T,115,765,5,0,SUBJECT
  893. T,208,765,5,0,COMPARABLE NO. 1
  894. T,352,765,5,0,COMPARABLE NO. 2
  895. T,497,765,5,0,COMPARABLE NO. 3
  896. T,13,781,3,0,Date, Price and Data
  897. T,13,792,3,0,Source for prior sales
  898. T,13,802,3,0,within year of
  899. T,13,812,3,0,appraisal
  900. T,13,827,6,0,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:
  901. T,442,873,7,0,INDICATED VALUE BY INCOME APPROACH
  902. T,13,874,3,0,Total gross monthly estimated rent $
  903. T,204,874,3,0,x gross rent multiplier
  904. T,277,874,3,0,(GRM)
  905. T,365,875,3,0,= $
  906. T,13,890,6,0,Comments on income approach (including expense ratios, if available, and reconciliation of the GRM)
  907. T,15,39,2,0,between the subject and comparable properties, the analysis includes the dollar adjustment reflecting the market reaction to those items or an explanation supported by the market data. If a significant
  908. T,15,922,8,0,INDICATED VALUE BY SALES COMPARISON APPROACH
  909. T,540,923,4,0,$
  910. T,15,937,8,0,INDICATED VALUE BY INCOME APPROACH
  911. T,540,939,4,0,$
  912. T,15,953,8,0,INDICATED VALUE BY COST APPROACH
  913. T,540,953,4,0,$
  914. T,13,970,3,0,This appraisal is made
  915. T,111,970,3,0,"as is"
  916. T,160,970,3,0,subject to the repairs, alterations, inspections or conditions listed below
  917. T,429,970,3,0,subject to completion per plans and specifications.
  918. T,13,987,3,0,Comments and condition of appraisal:
  919. T,13,1031,3,0,Final reconciliation:
  920. T,12,1077,3,0,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,
  921. T,12,1093,3,0,contingent and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 439/Fannie Mae 1004B ( Revised
  922. T,575,1093,3,0,) .
  923. T,15,48,2,0,item in the comparable property is superior to, or more favorable than, the subject property, a minus (-) adjustment is made, thus reducing the indicated value of subject; if a significant item in the
  924. T,13,1106,8,0,I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF
  925. T,14,1120,8,0,(WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $
  926. T,14,1136,8,0,APPRAISER:
  927. T,315,1136,8,0,SUPERVISORY APPRAISER (ONLY IF REQUIRED):
  928. T,14,1169,3,0,Signature
  929. T,315,1168,3,0,Signature
  930. T,545,1170,3,0,Did
  931. T,583,1170,3,0,Did not
  932. T,545,1181,3,0,inspect property
  933. T,14,1185,3,0,Name
  934. T,315,1184,3,0,Name
  935. T,14,1198,3,0,Date Report Signed
  936. T,315,1199,3,0,Date Report Signed
  937. T,14,1213,3,0,State Certification #
  938. T,251,1212,3,0,State
  939. T,315,1212,3,0,State Certification #
  940. T,552,1212,3,0,State
  941. T,14,1228,3,0,Or State License #
  942. T,251,1227,3,0,State
  943. T,315,1227,3,0,Or State License #
  944. T,552,1227,3,0,State
  945. T,142,12,1,0,SMALL RESIDENTIAL INCOME PROPERTY APPRAISAL REPORT
  946. T,159,1239,2,0,This form was reproduced by United Systems Software Company  (800) 969-8727 - Page 4 of 4
  947. T,513,1239,2,0,Fannie Mae Form 1025     10-94
  948.