Michael D. Cordell, CRA
Michael D. Cordell, CRA
Michael D. Cordell, CRA
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Borrower<br />
Property Address<br />
ADDITIONAL COMPARABLES<br />
M306809<br />
File No.<br />
City BIRMINGHAM County JEFFERSON State AL. Zip Code 35243<br />
Lender/Client<br />
Address<br />
FEATURE SUBJECT COMPARABLE SALE NO. 4 COMPARABLE SALE NO. 5 COMPARABLE SALE NO. 6<br />
Proximity to Subject<br />
5.61 mi N 4.03 mi N 5.90 mi N<br />
Sale Price $ N/A $ 3,050,000 $ 3,495,000 $<br />
4,900,000<br />
Sale Price/Gross Liv. Area $ sq. ft. $ 290.70 sq. ft. $ 569.68 sq. ft. $ 438.44 sq. ft.<br />
Data Source(s)<br />
Verification Source(s)<br />
VALUE ADJUSTMENTS<br />
Sale or Financing<br />
Concessions<br />
Date of Sale/Time<br />
Location<br />
Leasehold/Fee Simple<br />
Site<br />
View<br />
Design (Style)<br />
Quality of Construction<br />
Actual Age<br />
Condition<br />
DESCRIPTION DESCRIPTION +(-)$ Adjustment DESCRIPTION +(-)$ Adjustment DESCRIPTION +(-)$ Adjustment<br />
Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths<br />
Room Count<br />
Gross Living Area 15,964 sq. ft. 10,492 sq. ft. +300,960 6,135 sq. ft. +540,595 11,176 sq. ft.<br />
+263,340<br />
Basement & Finished<br />
Rooms Below Grade<br />
Functional Utility<br />
Heating/Cooling<br />
Energy Efficient Items<br />
Garage/Carport<br />
Porch/Patio/Deck<br />
Kitchen DELUXE DELUXE DELUXE DELUXE<br />
Net Adjustment (Total) X + - $ 391,280 X + - $ 642,827 X + - $ 288,732<br />
Adjusted Sale Price Net Adj. 12.83 % Net Adj. 18.39 % Net Adj. 5.89 %<br />
of Comparables Gross Adj. 17.29 % $ 3,441,280 Gross Adj. 22.87 % $ 4,137,827 Gross Adj. 11.20 % $ 5,188,732<br />
Date of Prior Sale/Transfer<br />
Price of Prior Sale/Transfer<br />
Data Source(s)<br />
Effective Date of Data Source(s)<br />
Comment on Sales Comparison<br />
RICHARD M. SCRUSHY<br />
2406 LONGLEAF STREET<br />
GALLOWAY & SOMERVILLE, LLC<br />
M306809<br />
2406 LONGLEAF STREET 3509 SALISBURY ROAD 2973 BRIARCLIFF ROAD 4005 OLD LEEDS RIDGE<br />
BIRMINGHAM JEFFERSON JEFFERSON LISTING COMPARABLE<br />
AGDA/MLS MLS/CRS MLS/CRS<br />
AGDA/MLS MLS/CRS MLS/CRS<br />
CONV CONV N/A<br />
SLR PD 0 SLR PD 0 N/A<br />
08/08/2005 07/19/2007 listed 04/24/2009<br />
GOOD GOOD GOOD GOOD<br />
FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE<br />
10.46/VESTAVIA 3.441AC/MT BROOK -30,000 6.1AC/MT. BROOK -75,000 5AC/MT. BROOK -60,000<br />
GOOD GOOD GOOD GOOD<br />
2 Story/gd 1.5 Story/gd 2 Story/gd 2 Story/gd<br />
GOOD GOOD GOOD GOOD<br />
53 78 No adjustment 47 No adjustment 8 No adjustment<br />
GOOD GOOD GOOD GOOD<br />
23 7 10F2H 23 5 5.5 +27,500 14 6 4.5 +32,500 17 6 4.5 +32,500<br />
1276 FIN* 0 FIN +31,900 0 FIN +31,900 0 FIN +31,900<br />
0 UNF 4135 UNF -33,080 396 UNF -3,168 4751 UNF -38,008<br />
GOOD GOOD GOOD GOOD<br />
FA/CENT FA/CENT FA/CENT FA/CENT<br />
TYPICAL TYPICAL TYPICAL TYPICAL<br />
4GA/3GA/3GD 6GB +94,000 2GA +80,000 3CA +85,000<br />
Porch Cov Porch -2,000 Porch Cov Porch -2,000<br />
Deck/Patio/Fence pts,ters,pool,fc patio,fc,pool +5,000 pts,ters +33,000 pts,ters,tennis ct,pool -30,000<br />
Fireplaces 4 FP 5 FP -3,000 3 FP +3,000 2 FP +6,000<br />
ITEM SUBJECT COMPARABLE SALE #4 COMPARABLE SALE #5 COMPARABLE SALE #6<br />
SUBJECT HAS NOT NOT SOLD IN NOT SOLD IN NOT SOLD IN<br />
SOLD PAST 36 MOS. PAST 12 MONTHS PAST 12 MONTHS PAST 12 MONTHS<br />
AGDA.MLS.CRS. AGDA.MLS.CRS. AGDA.MLS.CRS. AGDA.MLS.CRS.<br />
UPDATED MONTHLY UPDATED MONTHLY UPDATED MONTHLY UPDATED MONTHLY<br />
<strong>Michael</strong> D. <strong>Cordell</strong>, <strong>CRA</strong>
Change language