Get documents about "99- 1017 Washington Cir- BPO
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- 5/4/2011
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Document Sample
9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com
Order ID 37814134 Loan Number n/a
Client Project ID 07272010
Client Contact Info
Client VERTICAL FINANCIAL GROUP Branch IRVINE,CA
Attention DAVIS, JUDY Fax/Email Judy@verticalmtg.com
Subject Property Information
Address: 1017 WASHINGTON CIRCLE #J , HOMESTEAD, FL 33034
Borrower/Owner: n/a, n/a Subject Property Type: Condominium
Is subject vacant? N If vacant, is subject secured? Y
Condition/Curb Appeal: Good Good Estimated deferred maintenance costs: $0
Has subject been listed in the last 12 months? N Listing Date: Listing Price:
Has subject transferred in last 12 months? No Sale Date: 03/03/2005 Sale Price: $127,000
Subdivision Name: N/A Market Rent: $1,000
Is there a guest house? No Guest house sq ft: N/A Is subject a Condo/PUD? Yes
Neighborhood Information
Location: Suburban Marketing Time for neighborhood: 150
Pride of Ownership: Good Neighborhood Demand/Supply: Oversupply
Neighborhood Price Range: $20,000-$70,000 Neighborhood Trend: Depreciating
Predominant Occupancy: Owner
Similar Homes Sold Prior Month: 0 # of Listings in Direct Competition: 89
Zoning: N/A
Comparable Listings
Subject Listing 1 Listing 2 Listing 3
Address 1017 WASHINGTON CIRCLE 1280 S FRANKLIN AV # 1000 CONSTITUTION DR # 960 N FRANKLIN AV #
Data Source MLS D1410356 MLS M1387523 MLS M1396675
# Units 1 1 1 1
Listing Type Unspecified Unspecified Unspecified
Days on Market N/A 6 92 45
List Price $30,900 $35,000 $32,000
Original List Price $0 $30,900 $68,000 $34,900
Distance (miles) N/A 0.18 0.14 0.19
Site Size (acres)
View No No No No
Age 24 24 25 25
Condition Good Good Good Good
Square Footage 960 960 970 960
Bedrooms 2 2 2 2
Bathrooms 2 2 2 2
Garage/Pool 0 No 0 No 0 No 0 No
Basement / % Finished None N/A None N/A None N/A None N/A
Comparable Sales
Subject Sale 1 Sale 2 Sale 3
Address 1017 WASHINGTON CIRCLE 1403 S LIBERTY AV # 1403G 950 CONSTITUTION DR # 1051 JEFFERSON DR #
Data Source MLS M1389044 MLS M1359680 MLS M1365833
# Units 1 1 1 1
Sale Type REO REO REO
Days on Market N/A 147 168 70
List Price $33,900 $38,900 $36,100
Sale Price/Date $32,000 06/30/2010 $35,000 05/24/2010 $32,000 04/14/2010
Distance (miles) N/A 0.14 0.08 0.17
Site Size (acres)
View No No No No
Age 24 23 24 25
Condition Good Good Good Good
Square Footage 960 970 960 970
Bedrooms 2 2 2 2
Bathrooms 2 2 2 2
Garage/Pool 0 No 0 No 0 No 0 No
Basement / % Finished None N/A None N/A None N/A None N/A
Broker Comp Comments
Comments regarding the comparability of listings to the subject specifically addressing their overall similarity (equal/superior/inferior)
Listing #1: Equal to subject in sf,features and condition
Listing #2: Equal to subject in sf,features and condition
Listing #3: Equal to subject in sf,features and condition
Sale #1: Equal to subject in sf,features and condition
Sale #2: Equal to subject in sf,features and condition
Sale #3: Equal to subject in sf,features and condition
Broker Value Opinion
Normal Market Value Quick Sale Value
$32,000 $27,000 As of: 07/30/2010
“As Is”: “As Is”:
Normal Market Value Quick Sale Value
“As Repaired”: $32,000 “As Repaired”: $27,000
9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com
Order ID 37814134 Loan Number n/a
Client Project ID 07272010
Additional Broker Comments
Subject is located in a market that is "declining/depreciating." These market conditions are a response to many of the same factors seen in the recent, nationwide
housing crises. Contributing to price declines is due to tightened lending standards and an oversupply of homes on the market. The comps utilized are the best
and most recent sales/listings available in order to offer a reasonable substitute for the subject on the open market. The subject is located in a maintained condo
community, no access was granted. Conforms to area. No adverse conditions were noted at the time of inspection based on exterior observations, unable to
determine possible interior repairs. A more comprehensive analysis of subject's components may be obtained via a licensed inspector.
Exterior Repair Addendum
Item Category Cost to Cure Comments
Roof $0 None noted based on exterior observation
Exterior/Siding $0 None noted based on exterior observation
Foundation $0 None noted based on exterior observation
Construction in Progress $0 None noted based on exterior observation
Outbuildings $0 None noted based on exterior observation
Yard Maintenance $0 None noted based on exterior observation
Other $0
Total $0
Comparable Location Map
Broker Price Opinion offers a value opinion derived from analysis of local market data and subject property information. Comparable market
data for the area is provided by a local Real Estate Broker. Information on the subject property is obtained via MLS, county records, personal files,
or it may be provided to LPS by the client. In some cases, information on the subject property may be limited or unavailable. In these instances,
the information is provided by the Real Estate Professional's exterior physical inspection of the subject. The report is based upon data that LPS
deems reliable, however, no guarantee or warranty is provided. LPS does not provide opinions on, nor assume responsibility for the existence of
any environmental, structural, or title related defects associated with the subject property. This analysis and evaluation of an interest in real
property for ownership or collateral purposes is prepared for the above named financial institution to be used for internal
purposes only. This document is not an appraisal and is intended for use only for loan transactions valued at $250,000 or less, as
required by Title XI of FIRREA. The agent submitting this report represents that she/he drove by the property and has no
interest in the property.
Notwithstanding any preprinted language to the contrary, this opinion is not an
appraisal of the market value of the property. If an appraisal is desired, the
services of a licensed or certified appraiser must be obtained.
9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com
Order ID 37814134 Loan Number n/a
Client Project ID 07272010
Subject Property Satellite Image
Subject Photo
Street Scene Photo
9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com
Order ID 37814134 Loan Number n/a
Client Project ID 07272010
Address Verification Photo
9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com
Order ID 37814134 Loan Number n/a
Client Project ID 07272010
Comparable Listing 1 1280 S FRANKLIN AV # 1280D, HOMESTED, FL 33034
Comparable Listing 2 1000 CONSTITUTION DR # 1000G, HOMESTED, FL 33034
Comparable Listing 3 960 N FRANKLIN AV # 960D, HOMESTED, FL 33034
9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com
Order ID 37814134 Loan Number n/a
Client Project ID 07272010
Comparable Sale 1 1403 S LIBERTY AV # 1403G, HOMESTED, FL 33034
Comparable Sale 2 950 CONSTITUTION DR # 950D, HOMESTED, FL 33034
Comparable Sale 3 1051 JEFFERSON DR # 1051H, HOMESTED, FL 33034
