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Text File | 1993-10-25 | 4KB | 569 lines

5 Main Street Batesville MS 38620 Lot 5A Royal Heights SD Tate 3280-AC 1989 381 None John Smith John Smith 1 1 N/A N/A 3333-323F NotTracted 70000 7/1993 None First State Bank Tocowa MS 38606 Jane Doe Longtown MS 38666 1 2 3 1 2 3 1 1 60 120 80 New 15 10 90 Vcnt 10 1 PROCESS1 PROCESS2 PROCESS3 Established neighborhood 1 mile east of US Hwy 55 and Mississippi Hwy #4 intersection. Stable employment has long been a chief factor in the stable economy in the area. Neighborhood is located within Senatobia separate city school district. All properties have a well maintained appearance. No adverse conditions or encroachments were noted. Properties in the area hold value well. Many homes were built by present owners as long term residences. Little turnover in the immediate area. N/A N/A 175 X 195 .78 Acres N Residential 1 1 OTHER USE X L/P X Private None DBST 1 CURB/GUTTER 1 SIDEWALK 1 LIGHTS 1 ALLEY 2 Level Average Rectangular Appears Good Typical Typical Paved None Noted N AA 6/79 3829-A Typical site with average landscaping. Served by a private septic system. No adverse conditions were noted. One One Detachd Rambler YesNo 10 5 Concrete BV Asphalt None Alum. YesYes No Yes No None No NotEvidnt NotEvidnt NotEvidnt None N/A N/A N/A N/A N/A ROOF X Yes X Yes X FLR X X None 1 1 1 1 3 2 1 1875 6 3 2 1875 Carpet S/R Paper Good Ceramic Ceramic HollowCore Grasscloth In Den C Ht Elec Avg C AC W/AC Avg X X X X X X X X X X X X X X 1 X None Redwd X X 2 Pvd None except as noted herein. Depreciation is the result of normal wear and tear. No adverse items were noted. No adverse environmental conditions were apparent. 8500 1875 40 200 10 EXTRAS 3000 420 15 12.5% 1000 2000 1000 82013 72703 See attached sketch for measurements. Cost estimates based on averages from local builders. All comparables give good indications of value and are believed to be the best available. #2 is adjusted for condition and location #1 and #3 being the better comparables with smaller percentage adjustments. No sale within 1 year Sold 1/93 for $80000 per R/E Agent No sale within 1 year No sale witin 1 year Listing agreement with local real estate agent is typical for area and has no effect on market value. 81000 N/A N/A 1 See attached statement of limiting conditions. Income approach not applicable due to lack of similar rental property sales. Market approach gives best indication of value and supported by Cost approach. Market has good similarities between comparables and all are recent sales. 08/86 10/23/1993 81000 Jane Doe October 23, 1993 L-093 MS 8039 MS Y Calvin E. Flint III October 23, 1993 L-007 MS 7111 MS 5 RoyalHts 309 Pine Lane 24 Hickory Drive 18 Hickory Drive Batesville Batesville Batesville Batesville 1 Mile E 1 Block 2 Blocks 79000 79200 86000 82000 Inspection Inspection Seller R/E Agent Conventnal FHA Conventnal 4/93 9/93 9/93 Good Equal Fee Simple Fee Simple Fee Simple Fee Simple .8 Acres .6 Acre Equal Equal Good Good Equal Equal BV/Good BV/Good Equal Equal Good Good Equal Equal 5e /10A 2E / 5A -3000 5E 10A 5E / 10A Good Good Equal Equal 6 3 2 6 3 2 7 3 2 6 3 2½ 1875 1700 5000 1748 4000 1993 -3000 None Equal None None Good Equal Equal Equal C A/H Equal Equal Equal Typical Equal Equal Equal 2 Garage Equal Equal Equal Deck Equal Lg Patio Equal Yes Equal Equal None 750 None Equal Pool -9000 Equal 2000 -5000 -2250 81200 81000 79750