Manufactured Home Appraisal Report - FCI Exchange
Manufactured Home Appraisal Report - FCI Exchange
Manufactured Home Appraisal Report - FCI Exchange
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1083<br />
M anufact uredH orne ~ppralsa eport FIe# 1083W610<br />
A<br />
IR<br />
Ifile No 1083W61 QI Page #51<br />
There are 21 comDarable DroDertiescurrentlv offered for sale in the subiect neiDhborl1oodranging in price from S 15 900 toS 185000<br />
There are 15 comoarabl8 sales in lIle subiect neiDhborhood willlin the Dast twelve months ranoino in sale price Irom S 16 QOO to S 165000<br />
fEATURE I SUBJECT COMPARABLESALE# 1 COMPARABLESALE# 2 I COMPARABLESALE /I 3<br />
Address 274 Horse TraR Rd 157 SYRR RUN RD 186 TAYLOR POND RD 643EMAIN ST<br />
STGEORGE SC STGEORGE SC DORCHESTER SC HARLEYVILLE SC<br />
Proxlmilv to Subiect 3.89 mRes SE 11.09 mRes E 8.3 mies SE<br />
Sale Price $ NlA 1$ 147750 1$ 130000 $ 160000<br />
Sale Price/Gross Liv. Area<br />
<strong>Manufactured</strong> <strong>Home</strong><br />
S sO.ft. S 73.65SD.ft.!<br />
IXl Yes n No<br />
$ 77.84 SO.ft.<br />
IIXl Yes rl No<br />
S 75.72<br />
11:81 Yes 0<br />
sa.ft.<br />
ND<br />
IJata Sourcelsl MLS #2604690 MLS #2602964 MLS#2612m<br />
Verilication Sourcels) PUBLIC REClEXT INSPECTION PUBLIC REClEXT INSPECTION PUBLIC RECIEXT INSPECTION<br />
VALUEADJUSTMENTS OeSCRiPnON DESCRIPnON +(.\ $ Adiustment DESCRIPnON +f-l S Adiusbnel11 DESCRIPnON + (.) $ Adiustment<br />
sales or Rnancing<br />
ConcessiDns<br />
CONV CONV CONV<br />
Date of SaleJTime CLS 06113/2006 CLS 07/21/2006 CLS 0712712006<br />
Location STGEORGE STGEORGE DORCHESTER HARLEYVILLE<br />
LeasehoidlFeeSilllllie FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE<br />
SRe 5.0 +1. AC 2.66 +I.AC +9400 4.99 +I.AC 4.6+/.AC<br />
View SIM PROPIPOND SIMPROP SIM PROP SIMPROP<br />
Desinn ISMel MNFHM/NO SKT MNFHMNIN SKT .1500 MNFHMIBRK SKY -2500 MNFHMIBRK SKY .2500<br />
OuajitV'Q1ConstructiDn GOOD GOOD GOOD GOOD<br />
Actual Ane 1999 2003 1999 1996<br />
Condition GOOD GOOD VERY GOOD .5000 GOOD<br />
Above Grade To1aIIBdrms.1Baths To1aIlBanns.1BathS Total I Banns.IBaths Total 1Banns.! Ba!hs<br />
Room Count 8 I 4 12.0 6 I 3 12.0 6 I 3 12.0 7 I 3 12.0<br />
Gross LiYina Area 1 949 sa.ft. 2006 sa.ft. 0 1670sa.ft. +8370 2113sa.ft. -4920<br />
Basement & Rnished NONE NONE NONE NONE<br />
Rooms Below Grade<br />
functional Utility GOOD GOOD GOOD GOOD<br />
,<br />
HealinoIC006no CEN H&A CEN H&A CENH&A CEN H&A<br />
Enemy Efficilll1lllems STANDARD STANDARD STANDARD STANDARD<br />
• GaraDe/Carnort OFFSTPKING OFF STPKING OFF ST PKING 3 CAR GAR -10.000<br />
• PorcM'atio/Deck STOOP STOOP SCPCH/DECK -3500 FRNTPCH .1.500<br />
: AREPLACElSl ONEFP ONE FP ONEFP ONE FP<br />
• f£NCElSTRGlETC WKSHP WKSHP FENCElSTRG FENCElWKSHF .1.000<br />
KITCHEN KITCH EQUIP KITCH EQUIP KITCH EQUIP KITCH EOUIP<br />
Net Adiusbnent {Total! . 00+ Il. S 7900 I-I + rxI. S -2630 I 1+ rxI. S -19920<br />
Adjusted Sale Price Net 5.3 , Net 2.Q , Net 12.4 ,<br />
of Comoarables Gross 7.4 , S 155.650 Gross 14.9 % $ 127,370 Gross 12.4 'lr. S 140.080<br />
I rx did did not research lI1esale or trilnsfer historY of tile sub'ect fooertY ana comoarable sales. If not exnlain<br />
..<br />
MYresearch' l did !XI did not reveal any orier sales or Iransfers of the subiect prooerty for the three years orior tD the eftective date at lI1ls appraisal.<br />
Data sourcels MLS/PUBREC<br />
My research 1did 1Xl' did not reveal anYorial sales or Iransfers of the comoarable sales for the year Drior 10the dale of sale of the comparable sale.<br />
Data sourcels MLSIPUB REC<br />
Reoort lI1ereMs of lIle research and analvsls of the orior sale or trilnsfer history of Ula subject property and comparable sales (report additional prior sales on page 4).<br />
ITEM SUBJECT COMPARABLESALE #1 COMPARABLeSALE #2 COMPARABLESALE #3<br />
Dale of Prior SalelTransfer NONE WIIN 36 MONTHS NONE WIIN 12 MONTHS NONE WIIN 12 MONTHS NONE WIIN 12 MONTHS<br />
Price Df Prior SalelTransfer NIA N/A N/A NIA<br />
Data Sourcefsl MLS/PUBREC MLS/PUB REC MLSIPUBREC MLSIPUB REC<br />
Effectlye Date of Dala Source's\ 10/04/2006 10/04/2006 1010412006 10104/2006<br />
Analvsis of orior sale or trilnsfer historY of lIle subiect orooerty and comoarable sales THE SUBJECT WAS NOT SOLD OR TRANSFERRED IN THE THREE<br />
YEARS PRIOR TO THE EFFECTIVE DATE OF THIS APPRAISAL. ALSO NONE OF THE COM PARABLES WERE SOLD IN THE TWELVE<br />
MONTHS PRECEDING THE CLOSED SALE DATES STATED ABOVE.<br />
SummarY of Sales Comoarison ADoroach ALL SALES WERE THE MOST RECENT MARKET TRANSACTIONS TO OCCUR NEAR THE SUBJECT<br />
THAT WERE SIMILAR IN DESIGN AND MARKET APPEAL. AFTER DUE CONSIDERATION EQUAL EMPHASIS WAS AWARDED TO ALL<br />
COMPARABLES. AN ACREAGE ADJUSTMENT OF $4 OOO/ACRE WAS USED FOR COMP ONE BECAUSE IT HAD SIGNIFICANTLY LESS<br />
ACREAGE THAN THE SUBJECT. COMPARABLE TWO WAS CONSIDERED TO BE IN VERY GOOD CONDITION BECAUSE IT HAD CUSTOM<br />
HARDWOOD FLOORS THROUGHOUT AS WELL AS OTHER INTERIOR UPGRADES AND THEREFORE AN ADJUSTMENT OF $5 000 WAS<br />
MADE FOR CONDITION. THE SALE USED ARE THE BEST AVAILABLE AND ARE CONSIDERED VALID SALES FOR COMPARISON.<br />
lnaicated Value bY Sales ComDarisonApproach $ 135.000<br />
Indicated Value bY: sales Comoarison Aooroach $ 135000 Cost Approach $ Income Approach (If developed) $<br />
THE SALES COMPARISON APPROACH WAS USED BECAUSE IT BEST APPROXIMATES THE ACTIONS OF BUYERS AND SELLERS IN THE<br />
OPEN MARKT. THE COST AND INCOME APPROACHES TO VALUE WERE NOT WITHIN THE SCOPE OF WORK REQUIRED TO PROVIDE J<br />
• CREDIBLE ESTIMATE OF MARKET VALUE.<br />
This appraisal is made f8l "as Is". 0 subject to completion per plans ana specifications on the basis of a hypollletical condition lIlat lIle improvemenls have been<br />
completed. 0 subject ID the following repairs or allelations on the basis of a hypothetical CDnditionthat the repairs or aleratiDns have been completed. or 0 subject to Ihe<br />
• folowinn reQuiredinsoeclion based on the extraordinary assumption lIlat lIle conaitlon or deficiency does not reauire aUeratiDnor repair: THE SUBJECT PROPERTY WAS<br />
APPRAISED IN THE "AS IS" CONDITION. FINANCIAL INCENTIVES AND CONCESSIONS HAVE BEEN CONSIDERED IN THIS REPORT.<br />
Based on a complele visuel in~ion of the interior and exterior areas of the subject properThedefined scope 01 work, statement of assumptions and Dmttlng<br />
conditions, and appraiser's oertilica1ion, my (our) opinion 01 the marlcel value, as defined. of real property thaI Is Ihe subject 01 this report is<br />
$ 135.000 as 01 OCTOBER 13.2006 which is the dale of insoection and fhe elIBcIIye date 01 this 8Dllralsal,<br />
Freddie Mac form 70B March 2005 Page 3 of 7 Fannie Mae Form 1004C March 2005<br />
Form 1004C - 'WinTOTAL' appraisal sDftware by a la mDde. inc. - '.BOIJ.ALAMODE