File No.: 110078
APPRAISAL OF REAL PROPERTY
Date of Valuation:
03/16/2011
Situated At:
Itemizing Appraisal Pattern
Newtown, PA 18940
For:
Pattern
Desk of Contents:
Abstract of Salient Options …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
URAR/Physique of Report …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Further Comparables Four-6 …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Situation of the Enhancements Addendum …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Extraordinay Assumptions Addendum …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
USPAP Identification …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
FIRREA/USPAP Addendum …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Constructing Space Addendum …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Constructing Sketch …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Location Map …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Topic Addendum …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Comparable Photographs 1-Three …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Comparable Photographs Four-6 …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Assertion of Limiting Situations and Appraiser’s Certification …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Further Appraiser’s Certification …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Copy of Appraiser’s PA State Certification …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
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Kind TCG — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
James Dougherty Co.
110078
APPRAISAL OF REAL PROPERTY
Date of Valuation:
03/16/2011
Situated At:
Itemizing Appraisal Pattern
Newtown, PA 18940
For:
Pattern
Desk of Contents:
Abstract of Salient Options …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
URAR/Physique of Report …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Further Comparables Four-6 …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Situation of the Enhancements Addendum …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Extraordinay Assumptions Addendum …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
USPAP Identification …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
FIRREA/USPAP Addendum …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Constructing Space Addendum …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Constructing Sketch …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Location Map …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Topic Addendum …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Comparable Photographs 1-Three …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Comparable Photographs Four-6 …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Assertion of Limiting Situations and Appraiser’s Certification …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Further Appraiser’s Certification …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Copy of Appraiser’s PA State Certification …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
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Kind TCG — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
James Dougherty Co.
File No.:
SUMMARY OF SALIENT FEATURES
SUBJECT INFORMATION
Topic Tackle
Authorized Description
Metropolis
County
State
Zip Code
Census Tract
Map Reference
SALES PRICE
Sale Value
Date of Sale
$
CLIENT DESCRIPTION OF IMPROVEMENTS
Dimension (Sq. Ft)
Value per Sq. Foot
Location
Age
Situation
Complete Rooms
Bedrooms
Baths
$
APPRAISER
Appraiser
Date of Appraised Worth
VALUE
Opinion of Worth $
Kind SSD2 — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Itemizing Appraisal Pattern
Newtown, PA 18940
Newtown
Bucks
PA
18940
1052.04
37964
N/A
N/A
N/A
Pattern
1,926
Common
23 Years
Good
eight
Three
2.5
James Dougherty
03/16/2011
405,00Zero
Borrower/Shopper
Lender
Kind SSD2 — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Itemizing Appraisal Pattern
Newtown, PA 18940
Newtown
Bucks
PA
18940
1052.04
37964
N/A
N/A
N/A
Pattern
1,926
Common
23 Years
Good
eight
Three
2.5
James Dougherty
03/16/2011
405,00Zero
Borrower/Shopper
Lender
SUMMARY OF SALIENT FEATURES
SUBJECT INFORMATION
Topic Tackle
Authorized Description
Metropolis
County
State
Zip Code
Census Tract
Map Reference
SALES PRICE
Sale Value
Date of Sale
$
CLIENT DESCRIPTION OF IMPROVEMENTS
Dimension (Sq. Ft)
Value per Sq. Foot
Location
Age
Situation
Complete Rooms
Bedrooms
Baths
$
APPRAISER
Appraiser
Date of Appraised Worth
VALUE
Opinion of Worth $
Web page #1
Property Description UNIFORM RESIDENTIAL APPRAISAL REPORT File No. SUBJECT
Property Tackle
Authorized Description
Assessor’s Parcel No.
Borrower
Property rights appraised
Neighborhood or Venture Identify
Sale Value $
Lender/Shopper
Appraiser
Location
Constructed up
Progress fee
Property values
Demand/provide
Advertising time
Metropolis State Zip Code
County
Tax 12 months R.E. Taxes $ Particular Assessments $
Present Proprietor Occupant: Proprietor Tenant Vacant
Payment Easy Leasehold Venture Kind PUD Condominium (HUD/VA solely) HOA $ /Mo.
Map Reference Census Tract
Date of Sale Description and $ quantity of mortgage prices/concessions to be paid by vendor
Tackle
Tackle
NEIGHBORHOOD
Predominant
occupancy
Single household housing Current land use % Land use change
Notice: Race and the racial composition of the neighborhood should not appraisal elements.
Predominant
City
Over 75%
Fast
Growing
Scarcity
Underneath Three mos.
Suburban
25-75%
Secure
Secure
In stability
Three-6 mos.
Rural
Underneath 25%
Sluggish
Declining
Over provide
Over 6 mos.
Proprietor
Tenant
Vacant (Zero-5%)
Vac.(over 5%)
PRICE AGE
$(00Zero) (yrs)
Low
Excessive
One household
2-Four household
Multi-family
Industrial
Unlikely
In course of
Possible
To:
Neighborhood boundaries and traits:
Components that have an effect on the marketability of the properties within the neighborhood (proximity to employment and facilities, employment stability, attraction to market, and so on.):
Market situations within the topic neighborhood (together with help for the above conclusions associated to the development of property values, demand/provide, and advertising and marketing time
— reminiscent of information on aggressive properties on the market within the neighborhood, description of the prevalence of gross sales and financing concessions, and so on.):
PUD
Venture Info for PUDs (If relevant) – – Is the developer/builder in charge of the Dwelling Homeowners’ Affiliation (HOA)? Sure No
Approximate whole variety of items within the topic challenge Approximate whole variety of items on the market within the topic challenge
Describe widespread components and leisure amenities:
SITE
Dimensions
Website space
Particular zoning classification and outline
Zoning compliance
Highest & finest use as improved:
Nook Lot Sure No
Authorized Authorized nonconforming (Grandfathered use) Unlawful No zoning
Current use Different use (clarify)
Utilities Off-site Enhancements
Electrical energy
Fuel
Water
Sanitary sewer
Storm sewer
Public Different Kind Public Personal
Avenue
Curb/gutter
Sidewalk
Avenue lights
Alley
Topography
Dimension
Form
Drainage
View
Landscaping
Driveway Floor
Obvious easements
FEMA Particular Flood Hazard Space
FEMA Zone
FEMA Map No.
Map Date
Sure No
Feedback (obvious hostile easements, encroachments, particular assessments, slide areas, unlawful or authorized nonconforming zoning use, and so on.):
DESCRIPTION OF IMPROVEMENTS
GENERAL DESCRIPTION
No. of Models
No. of Tales
Kind (Det./Att.)
Design (Type)
Present/Proposed
Age (Yrs.)
Efficient Age (Yrs.)
EXTERIOR DESCRIPTION
Basis
Exterior Partitions
Roof Floor
Gutters & Dwnspts.
Window Kind
Storm/Screens
Manufactured Home
FOUNDATION
Slab
Crawl Area
Basement
Sump Pump
Dampness
Settlement
Infestation
BASEMENT
Space Sq. Ft.
% Completed
Ceiling
Partitions
Flooring
Exterior Entry
INSULATION
Roof
Ceiling
Partitions
Flooring
None
Unknown
ROOMS
Basement
Degree 1
Degree 2
Completed space above grade comprises: Rooms; Bed room(s); Tub(s); Sq. Ft of Gross Residing Space
Lobby Residing Eating Kitchen Den Household Rm. Rec. Rm. Bedrooms # Baths Laundry Different Space Sq. Ft.
INTERIOR Supplies/Situation
Flooring
Partitions
Trim/End
Tub Flooring
Tub Wainscot
Doorways
HEATING
Kind
Gas
Situation
COOLING
Central
Different
Situation
KITCHEN EQUIP.
Fridge
Vary/Oven
Disposal
Dishwasher
Fan/Hood
Microwave
Washer/Dryer
ATTIC
None
Stairs
Drop Stair
Scuttle
Flooring
Heated
Completed
AMENITIES
Fire(s) #
Patio
Deck
Porch
Fence
Pool
CAR STORAGE:
None
Storage
Connected
Indifferent
Constructed-In
Carport
Driveway
# of vehicles
COMMENTS
Further options (particular power environment friendly objects, and so on.):
Situation of the enhancements, depreciation (bodily, purposeful, and exterior), repairs wanted, high quality of development, reworking/additions, and so on.:
Hostile environmental situations (reminiscent of, however not restricted to, hazardous wastes, poisonous substances, and so on.) current within the enhancements, on the positioning, or within the
speedy neighborhood of the topic property.:
Freddie Mac Kind 70 6/93 PAGE 1 OF 2 Fannie Mae Kind 1004 6/93
Kind UA2 — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
110078
Itemizing Appraisal Pattern Newtown PA 18940
See Title report Bucks
Pattern 2010 5,443 N/A
N/A Pattern
568.00/yr
Kirkwood 37964 1052.04
N/A N/A N/A
Pattern Pattern
James Dougherty 214 N Pine Avenue, Langhorne, PA 19047
95
04
163
1,475
376
New
200
20
78
Zero
2
5
Different 15
N/A
Bounded by Newtown Township limits.
The topic is situated in Kirkwood, a longtime PUD consisting of a mixture of indifferent single household properties and clusters of single household
townhomes. The encircling Newtown market space consists predominately of indifferent single household properties of various ages and kinds.
Clusters of single household townhomes are scattered all through the topic market space. Buying, faculties, Homes of worship, public
transport, and employment facilities are all situated throughout the topic market space. No elements famous to detract from property values.
Market statistics exhibit that costs have remained secure within the topic market space in final 12 months. The next statistics are based mostly on indifferent Three-bedroom + gross sales and
listings within the topic market space priced between $375,00Zero to $450,00Zero. There have been 6 settled gross sales within the final six months. Their avg DOM was 119 days. Presently there are 6
listings. Their avg DOM is 134 days. That equates to roughly 6 months of provide. It’s your Appraiser’s opinion that the federal authorities’s residence purchaser tax credit score program
together with the stimulus applications are accountable for the present secure situations. It’s anticpated that market situations ought to worsen now that the house purchaser tax credit score
program has expired and the vast majority of the stimulus cash has been spent. As well as, there’s a dearth of patrons this yr as they had been accelerated into final yr’s market place.
N/A N/A
N/A
80′ x 115′
.21 Acre
R1, Residential
Macadam
Concrete
Concrete
Incadescent
None
Usually Degree
Common for space
Rectangular
Seems satisfactory
Tennis Court docket/Sports activities Court docket
Common for space
Macadam
None Famous
X 5/18/1999
42017C0431F
No obvious hostile
easements, encroachments, or environmental situations had been readily observable. This appraisal is made based mostly on the idea that none exist. The rear of
the topic website abuts the group tennis courts/sports activities court docket. As a result of noise that is deemed to be a unfavorable locational exterior affect.
1
2
Indifferent
Colonial
Present
23 Years
12 Years
Poured Conc
Vinyl Siding
Fib Shingle
Aluminum
Vinyl D/H
Insul Glass/sure
No
None
None
100%
Sure
None Famous
None Famous
None Famous
1,Zero70
50%
Drywall
Drywall
WW Carpet
None
Beneath Grade Bsmt
x x 1,Zero70
x 1 1 1 1 .5 1,Zero70
Three 2 Sitting Rm 857
eight Three 2.5 1,927
WW,HW,Ceram,Lam/Gd
Drywall/Avg/Good
Wooden/Avg
Ceramic/Good
None
Masonite/Avg
FWA
Fuel
Good
Sure
No
Avg
None
Stone
Wooden
Small
None
None
2 automobile
2 automobile
200-amp incoming electrical service. Small entrance porch. Small stone patio. Upgraded wooden deck. Up to date
kitchen contained cherrywood wall and base cupboards of common high quality, granite counters, and stainless-steel home equipment. Professionally completed basement.
See connected
“situation of the enhancements” addendum.
The worth estimate is predicated upon the idea that the topic property isn’t negatively affected by
hazardous substances detrimental to environmental situations.
James Dougherty Co.
Kind UA2 — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
110078
Itemizing Appraisal Pattern Newtown PA 18940
See Title report Bucks
Pattern 2010 5,443 N/A
N/A Pattern
568.00/yr
Kirkwood 37964 1052.04
N/A N/A N/A
Pattern Pattern
James Dougherty 214 N Pine Avenue, Langhorne, PA 19047
95
04
163
1,475
376
New
200
20
78
Zero
2
5
Different 15
N/A
Bounded by Newtown Township limits.
The topic is situated in Kirkwood, a longtime PUD consisting of a mixture of indifferent single household properties and clusters of single household
townhomes. The encircling Newtown market space consists predominately of indifferent single household properties of various ages and kinds.
Clusters of single household townhomes are scattered all through the topic market space. Buying, faculties, Homes of worship, public
transport, and employment facilities are all situated throughout the topic market space. No elements famous to detract from property values.
Market statistics exhibit that costs have remained secure within the topic market space in final 12 months. The next statistics are based mostly on indifferent Three-bedroom + gross sales and
listings within the topic market space priced between $375,00Zero to $450,00Zero. There have been 6 settled gross sales within the final six months. Their avg DOM was 119 days. Presently there are 6
listings. Their avg DOM is 134 days. That equates to roughly 6 months of provide. It’s your Appraiser’s opinion that the federal authorities’s residence purchaser tax credit score program
together with the stimulus applications are accountable for the present secure situations. It’s anticpated that market situations ought to worsen now that the house purchaser tax credit score
program has expired and the vast majority of the stimulus cash has been spent. As well as, there’s a dearth of patrons this yr as they had been accelerated into final yr’s market place.
N/A N/A
N/A
80′ x 115′
.21 Acre
R1, Residential
Macadam
Concrete
Concrete
Incadescent
None
Usually Degree
Common for space
Rectangular
Seems satisfactory
Tennis Court docket/Sports activities Court docket
Common for space
Macadam
None Famous
X 5/18/1999
42017C0431F
No obvious hostile
easements, encroachments, or environmental situations had been readily observable. This appraisal is made based mostly on the idea that none exist. The rear of
the topic website abuts the group tennis courts/sports activities court docket. As a result of noise that is deemed to be a unfavorable locational exterior affect.
1
2
Indifferent
Colonial
Present
23 Years
12 Years
Poured Conc
Vinyl Siding
Fib Shingle
Aluminum
Vinyl D/H
Insul Glass/sure
No
None
None
100%
Sure
None Famous
None Famous
None Famous
1,Zero70
50%
Drywall
Drywall
WW Carpet
None
Beneath Grade Bsmt
x x 1,Zero70
x 1 1 1 1 .5 1,Zero70
Three 2 Sitting Rm 857
eight Three 2.5 1,927
WW,HW,Ceram,Lam/Gd
Drywall/Avg/Good
Wooden/Avg
Ceramic/Good
None
Masonite/Avg
FWA
Fuel
Good
Sure
No
Avg
None
Stone
Wooden
Small
None
None
2 automobile
2 automobile
200-amp incoming electrical service. Small entrance porch. Small stone patio. Upgraded wooden deck. Up to date
kitchen contained cherrywood wall and base cupboards of common high quality, granite counters, and stainless-steel home equipment. Professionally completed basement.
See connected
“situation of the enhancements” addendum.
The worth estimate is predicated upon the idea that the topic property isn’t negatively affected by
hazardous substances detrimental to environmental situations.
James Dougherty Co.
Property Description UNIFORM RESIDENTIAL APPRAISAL REPORT File No. SUBJECT
Property Tackle
Authorized Description
Assessor’s Parcel No.
Borrower
Property rights appraised
Neighborhood or Venture Identify
Sale Value $
Lender/Shopper
Appraiser
Location
Constructed up
Progress fee
Property values
Demand/provide
Advertising time
Metropolis State Zip Code
County
Tax 12 months R.E. Taxes $ Particular Assessments $
Present Proprietor Occupant: Proprietor Tenant Vacant
Payment Easy Leasehold Venture Kind PUD Condominium (HUD/VA solely) HOA $ /Mo.
Map Reference Census Tract
Date of Sale Description and $ quantity of mortgage prices/concessions to be paid by vendor
Tackle
Tackle
NEIGHBORHOOD
Predominant
occupancy
Single household housing Current land use % Land use change
Notice: Race and the racial composition of the neighborhood should not appraisal elements.
Predominant
City
Over 75%
Fast
Growing
Scarcity
Underneath Three mos.
Suburban
25-75%
Secure
Secure
In stability
Three-6 mos.
Rural
Underneath 25%
Sluggish
Declining
Over provide
Over 6 mos.
Proprietor
Tenant
Vacant (Zero-5%)
Vac.(over 5%)
PRICE AGE
$(00Zero) (yrs)
Low
Excessive
One household
2-Four household
Multi-family
Industrial
Unlikely
In course of
Possible
To:
Neighborhood boundaries and traits:
Components that have an effect on the marketability of the properties within the neighborhood (proximity to employment and facilities, employment stability, attraction to market, and so on.):
Market situations within the topic neighborhood (together with help for the above conclusions associated to the development of property values, demand/provide, and advertising and marketing time
— reminiscent of information on aggressive properties on the market within the neighborhood, description of the prevalence of gross sales and financing concessions, and so on.):
PUD
Venture Info for PUDs (If relevant) – – Is the developer/builder in charge of the Dwelling Homeowners’ Affiliation (HOA)? Sure No
Approximate whole variety of items within the topic challenge Approximate whole variety of items on the market within the topic challenge
Describe widespread components and leisure amenities:
SITE
Dimensions
Website space
Particular zoning classification and outline
Zoning compliance
Highest & finest use as improved:
Nook Lot Sure No
Authorized Authorized nonconforming (Grandfathered use) Unlawful No zoning
Current use Different use (clarify)
Utilities Off-site Enhancements
Electrical energy
Fuel
Water
Sanitary sewer
Storm sewer
Public Different Kind Public Personal
Avenue
Curb/gutter
Sidewalk
Avenue lights
Alley
Topography
Dimension
Form
Drainage
View
Landscaping
Driveway Floor
Obvious easements
FEMA Particular Flood Hazard Space
FEMA Zone
FEMA Map No.
Map Date
Sure No
Feedback (obvious hostile easements, encroachments, particular assessments, slide areas, unlawful or authorized nonconforming zoning use, and so on.):
DESCRIPTION OF IMPROVEMENTS
GENERAL DESCRIPTION
No. of Models
No. of Tales
Kind (Det./Att.)
Design (Type)
Present/Proposed
Age (Yrs.)
Efficient Age (Yrs.)
EXTERIOR DESCRIPTION
Basis
Exterior Partitions
Roof Floor
Gutters & Dwnspts.
Window Kind
Storm/Screens
Manufactured Home
FOUNDATION
Slab
Crawl Area
Basement
Sump Pump
Dampness
Settlement
Infestation
BASEMENT
Space Sq. Ft.
% Completed
Ceiling
Partitions
Flooring
Exterior Entry
INSULATION
Roof
Ceiling
Partitions
Flooring
None
Unknown
ROOMS
Basement
Degree 1
Degree 2
Completed space above grade comprises: Rooms; Bed room(s); Tub(s); Sq. Ft of Gross Residing Space
Lobby Residing Eating Kitchen Den Household Rm. Rec. Rm. Bedrooms # Baths Laundry Different Space Sq. Ft.
INTERIOR Supplies/Situation
Flooring
Partitions
Trim/End
Tub Flooring
Tub Wainscot
Doorways
HEATING
Kind
Gas
Situation
COOLING
Central
Different
Situation
KITCHEN EQUIP.
Fridge
Vary/Oven
Disposal
Dishwasher
Fan/Hood
Microwave
Washer/Dryer
ATTIC
None
Stairs
Drop Stair
Scuttle
Flooring
Heated
Completed
AMENITIES
Fire(s) #
Patio
Deck
Porch
Fence
Pool
CAR STORAGE:
None
Storage
Connected
Indifferent
Constructed-In
Carport
Driveway
# of vehicles
COMMENTS
Further options (particular power environment friendly objects, and so on.):
Situation of the enhancements, depreciation (bodily, purposeful, and exterior), repairs wanted, high quality of development, reworking/additions, and so on.:
Hostile environmental situations (reminiscent of, however not restricted to, hazardous wastes, poisonous substances, and so on.) current within the enhancements, on the positioning, or within the
speedy neighborhood of the topic property.:
Freddie Mac Kind 70 6/93 PAGE 1 OF 2 Fannie Mae Kind 1004 6/93
Web page #2
Valuation Part UNIFORM RESIDENTIAL APPRAISAL REPORT File No. COST APPROACH
ESTIMATED SITE VALUE
ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS:
Dwelling
Storage/Carport
Complete Estimated Price New
Much less
Depreciation
Depreciated Worth of Enhancements
“As-is” Worth of Website Enhancements
INDICATED VALUE BY COST APPROACH
Sq. Ft.
Sq. Ft.
Sq. Ft.
@
@
@
$
$
$
Bodily Useful Exterior
=
=
=
=
=
$
$
=
=
=
=
=
$
$
$
$
$
Feedback on Price Strategy (reminiscent of, supply of price estimate, website worth,
sq. foot calculation and for HUD, VA and FmHA, the estimated remaining
financial lifetime of the property):
SALES COMPARISON ANALYSIS
/ / / /
ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. Three
ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. Three
DESCRIPTION DESCRIPTION +( )$ Alter. – DESCRIPTION +( )$ Alter. – DESCRIPTION +( )$ Alter. –
Complete Bdrms Baths Complete Bdrms Baths Complete Bdrms Baths Complete Bdrms Baths
Sq. Ft. Sq. Ft. Sq. Ft. Sq. Ft.
+ – + – + –
$
$ $
$
$
$
$
$
$
$
$
$
$
$
$
$ $
Tackle
Proximity to Topic
Gross sales Value
Value/Gross Residing Space
Knowledge and/or
Verification Supply
VALUE ADJUSTMENTS
Gross sales or Financing
Concessions
Date of Sale/Time
Location
Leasehold/Payment Easy
Website
View
Design and Enchantment
High quality of Development
Age
Situation
Above Grade
Room Depend
Gross Residing Space
Basement & Completed
Rooms Beneath Grade
Useful Utility
Heating/Cooling
Vitality Environment friendly Gadgets
Storage/Carport
Porch, Patio, Deck,
Fire(s), and so on.
Fence, Pool, and so on.
Internet Adj. (whole)
Adjusted Gross sales Value
of Comparable
Feedback on Gross sales Comparability (together with the topic property’s compatibility to the neighborhood, and so on.):
Date, Value and Knowledge
Supply, for prior gross sales
inside yr of appraisal
Evaluation of any present settlement of sale, possibility, or itemizing of topic property and evaluation of any prior gross sales of topic and comparables inside one yr of the date of appraisal:
INDICATED VALUE BY SALES COMPARISON APPROACH
INDICATED VALUE BY INCOME APPROACH (if Relevant) Estimated Market Lease /Mo. x Gross Lease Multiplier =
RECONCILIATION
This appraisal is made “as is” topic to the repairs, alterations, inspections or situations listed beneath topic to completion per plans & specs.
Situations of Appraisal:
Ultimate Reconciliation:
The aim of this appraisal is to estimate the market worth of the actual property that’s the topic of this report, based mostly on the above situations and the certification, contingent
and limiting situations, and market worth definition which are acknowledged within the connected Freddie Mac Kind 439/FNMA kind 1004B (Revised ).
Signature
Identify
Date Report Signed
State Certification # State
Or State License # State
Signature
Identify
Date Report Signed
State Certification # State
Or State License # State
Examine Property
Did Did Not
I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF
(WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $
APPRAISER: SUPERVISORY APPRAISER (ONLY IF REQUIRED):
Freddie Mac Kind 70 6/93 PAGE 2 OF 2 Fannie Mae Kind 1004 6-93
Kind UA2 — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
N/A
1,927
1,Zero70
410
N/A
110078
As a result of age of the development(s),
the price strategy was not obligatory or relevant. Additionally, Consumers
and sellers don’t depend on this strategy to assist decide
pricing.
Itemizing Appraisal Pattern
Newtown, PA 18940
N/A
Common
Payment Easy
.21 Acre
Sports activities Court docket
Colonial/Avg
Good
23 Years
Good
eight Three 2.5
1,926
1,Zero70 SQ’
50% Completed
Common
FWA/CA
Commonplace
2 automobile Storage
Deck/Patio/Sm Porch
No Fire
No Pool
Further Options None
eight/22/08
$459,00Zero
TREND/Public Rec
1 Copperleaf Drive
Newtown, PA 18940
Zero.05 miles NE
392,500
234.05
TREND/MLS # 5747942
Tax Assessor Data
Conv
No Vendor Help
12/03/10
Common
Payment Easy
.25 Acre
Common -10,00Zero
Cut up Degree/Inf +10,00Zero
Good
21 Years
Common/Good +15,00Zero
7 Three 2.5
1,677 +12,450
576 SQ’ +5,00Zero
Related End
Common
FWA/CA
Commonplace
1 automobile Storage +5,00Zero
Related
1 Fire -2,00Zero
No Pool
None
35,450
Internet 9.Zero %
Gross 15.1 % 427,950
No Transfers within the yr
previous its settlement date
per public information
22 Copperleaf Drive
Newtown, PA 18940
Zero.08 miles SW
390,00Zero
202.49
TREND/MLS # 5579749
Tax Assessor Data
Conv
No Vendor Help
10/22/09
Common
Payment Easy
.24 Acre
Common -10,00Zero
Colonial/Avg
Good
21 Years
Common/Good +15,00Zero
eight Three 2.5
1,926
1,Zero70 SQ’
Related End
Common
FWA/CA
Commonplace
1 automobile Storage +5,00Zero
Related
No Fire
No Pool
None
10,00Zero
Internet 2.6 %
Gross 7.7 % 400,00Zero
No Transfers within the yr
previous its settlement date
per public information
2 Westfield Driveve
Newtown, PA 18940
2.13 miles SW
365,00Zero
199.02
TREND/MLS # 5788840
Tax Assessor Data
Conv
No Vendor Help
01/21/11
Common
Payment Easy
.20 Acre
Common -10,00Zero
Colonial/Avg
Good
23 Years
Common +30,00Zero
7 Three 2.5
1,834 +Four,600
Related Bsmt Space
Unfinished +5,00Zero
Common
FWA/CA
Commonplace
2 automobile Storage
None +6,00Zero
No Fire
No Pool
None
35,600
Internet 9.eight %
Gross 15.2 % 400,600
No Transfers within the yr
previous its settlement date
per public information
Comps 1 and a couple of had been the 2 most up-to-date settled arms-length
comparable gross sales within the topic tract. As a result of comp 2 went beneath contract on eight/25/09 it was given the least quantity of weight. Comps Three and Four had been the 2 most up-to-date Three-bedroom
colonial model gross sales of comparable age and high quality in Newtown. Comp 5 is a pending sale. The phrases of its contract had been verified by its itemizing workplace. Comp 5 was very comparable in
situation to the topic. Comps 1, 2, and Four all had main part updates, however they had been deemed to be inferior to the topic in total modernization. Comp Three was very
unique and in want of updating. $50 a SQ’ was utilized for the distinction in sq. footage. Changes had been utilized to replicate pertinent dissimilarities and are supported by a
paired gross sales evaluation. All gross sales utilized had been arms-length transactions. As a result of it was a brief sale, 5 Copperleaf was disregarded. The comps utilized had been the very best accessible.
The topic final transferred eight/22/08 for a consideration of $459,00Zero as an arms-length transaction. That is the one recorded switch within the final
Three years. The topic was listed on the market on 2/14/11 for an asking value of $459,900. On Three/Four/11 its value was decreased to $449,900.
405,00Zero
N/A N/A N/A
See connected desk of contents for a reference for all pages of appraisal report. This appraisal is taken into account incomplete and
unreliable except each web page that’s referenced within the desk of contents is included on this report.
All three approaches had been thought of. Reliance was positioned available on the market strategy as indicator of worth. As a result of age of
the development(s), the price strategy was not obligatory or relevant. Since residential dwellings within the topic’s market space should not priced
and offered based mostly upon rental earnings, the earnings strategy isn’t obligatory or relevant.
6-93
03/16/2011
405,00Zero
James Dougherty
03/17/2011
RL001914L PA
N/A N/A
Kind UA2 — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
N/A
1,927
1,Zero70
410
N/A
110078
As a result of age of the development(s),
the price strategy was not obligatory or relevant. Additionally, Consumers
and sellers don’t depend on this strategy to assist decide
pricing.
Itemizing Appraisal Pattern
Newtown, PA 18940
N/A
Common
Payment Easy
.21 Acre
Sports activities Court docket
Colonial/Avg
Good
23 Years
Good
eight Three 2.5
1,926
1,Zero70 SQ’
50% Completed
Common
FWA/CA
Commonplace
2 automobile Storage
Deck/Patio/Sm Porch
No Fire
No Pool
Further Options None
eight/22/08
$459,00Zero
TREND/Public Rec
1 Copperleaf Drive
Newtown, PA 18940
Zero.05 miles NE
392,500
234.05
TREND/MLS # 5747942
Tax Assessor Data
Conv
No Vendor Help
12/03/10
Common
Payment Easy
.25 Acre
Common -10,00Zero
Cut up Degree/Inf +10,00Zero
Good
21 Years
Common/Good +15,00Zero
7 Three 2.5
1,677 +12,450
576 SQ’ +5,00Zero
Related End
Common
FWA/CA
Commonplace
1 automobile Storage +5,00Zero
Related
1 Fire -2,00Zero
No Pool
None
35,450
Internet 9.Zero %
Gross 15.1 % 427,950
No Transfers within the yr
previous its settlement date
per public information
22 Copperleaf Drive
Newtown, PA 18940
Zero.08 miles SW
390,00Zero
202.49
TREND/MLS # 5579749
Tax Assessor Data
Conv
No Vendor Help
10/22/09
Common
Payment Easy
.24 Acre
Common -10,00Zero
Colonial/Avg
Good
21 Years
Common/Good +15,00Zero
eight Three 2.5
1,926
1,Zero70 SQ’
Related End
Common
FWA/CA
Commonplace
1 automobile Storage +5,00Zero
Related
No Fire
No Pool
None
10,00Zero
Internet 2.6 %
Gross 7.7 % 400,00Zero
No Transfers within the yr
previous its settlement date
per public information
2 Westfield Driveve
Newtown, PA 18940
2.13 miles SW
365,00Zero
199.02
TREND/MLS # 5788840
Tax Assessor Data
Conv
No Vendor Help
01/21/11
Common
Payment Easy
.20 Acre
Common -10,00Zero
Colonial/Avg
Good
23 Years
Common +30,00Zero
7 Three 2.5
1,834 +Four,600
Related Bsmt Space
Unfinished +5,00Zero
Common
FWA/CA
Commonplace
2 automobile Storage
None +6,00Zero
No Fire
No Pool
None
35,600
Internet 9.eight %
Gross 15.2 % 400,600
No Transfers within the yr
previous its settlement date
per public information
Comps 1 and a couple of had been the 2 most up-to-date settled arms-length
comparable gross sales within the topic tract. As a result of comp 2 went beneath contract on eight/25/09 it was given the least quantity of weight. Comps Three and Four had been the 2 most up-to-date Three-bedroom
colonial model gross sales of comparable age and high quality in Newtown. Comp 5 is a pending sale. The phrases of its contract had been verified by its itemizing workplace. Comp 5 was very comparable in
situation to the topic. Comps 1, 2, and Four all had main part updates, however they had been deemed to be inferior to the topic in total modernization. Comp Three was very
unique and in want of updating. $50 a SQ’ was utilized for the distinction in sq. footage. Changes had been utilized to replicate pertinent dissimilarities and are supported by a
paired gross sales evaluation. All gross sales utilized had been arms-length transactions. As a result of it was a brief sale, 5 Copperleaf was disregarded. The comps utilized had been the very best accessible.
The topic final transferred eight/22/08 for a consideration of $459,00Zero as an arms-length transaction. That is the one recorded switch within the final
Three years. The topic was listed on the market on 2/14/11 for an asking value of $459,900. On Three/Four/11 its value was decreased to $449,900.
405,00Zero
N/A N/A N/A
See connected desk of contents for a reference for all pages of appraisal report. This appraisal is taken into account incomplete and
unreliable except each web page that’s referenced within the desk of contents is included on this report.
All three approaches had been thought of. Reliance was positioned available on the market strategy as indicator of worth. As a result of age of
the development(s), the price strategy was not obligatory or relevant. Since residential dwellings within the topic’s market space should not priced
and offered based mostly upon rental earnings, the earnings strategy isn’t obligatory or relevant.
6-93
03/16/2011
405,00Zero
James Dougherty
03/17/2011
RL001914L PA
N/A N/A
Valuation Part UNIFORM RESIDENTIAL APPRAISAL REPORT File No. COST APPROACH
ESTIMATED SITE VALUE
ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS:
Dwelling
Storage/Carport
Complete Estimated Price New
Much less
Depreciation
Depreciated Worth of Enhancements
“As-is” Worth of Website Enhancements
INDICATED VALUE BY COST APPROACH
Sq. Ft.
Sq. Ft.
Sq. Ft.
@
@
@
$
$
$
Bodily Useful Exterior
=
=
=
=
=
$
$
=
=
=
=
=
$
$
$
$
$
Feedback on Price Strategy (reminiscent of, supply of price estimate, website worth,
sq. foot calculation and for HUD, VA and FmHA, the estimated remaining
financial lifetime of the property):
SALES COMPARISON ANALYSIS
/ / / /
ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. Three
ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. Three
DESCRIPTION DESCRIPTION +( )$ Alter. – DESCRIPTION +( )$ Alter. – DESCRIPTION +( )$ Alter. –
Complete Bdrms Baths Complete Bdrms Baths Complete Bdrms Baths Complete Bdrms Baths
Sq. Ft. Sq. Ft. Sq. Ft. Sq. Ft.
+ – + – + –
$
$ $
$
$
$
$
$
$
$
$
$
$
$
$
$ $
Tackle
Proximity to Topic
Gross sales Value
Value/Gross Residing Space
Knowledge and/or
Verification Supply
VALUE ADJUSTMENTS
Gross sales or Financing
Concessions
Date of Sale/Time
Location
Leasehold/Payment Easy
Website
View
Design and Enchantment
High quality of Development
Age
Situation
Above Grade
Room Depend
Gross Residing Space
Basement & Completed
Rooms Beneath Grade
Useful Utility
Heating/Cooling
Vitality Environment friendly Gadgets
Storage/Carport
Porch, Patio, Deck,
Fire(s), and so on.
Fence, Pool, and so on.
Internet Adj. (whole)
Adjusted Gross sales Value
of Comparable
Feedback on Gross sales Comparability (together with the topic property’s compatibility to the neighborhood, and so on.):
Date, Value and Knowledge
Supply, for prior gross sales
inside yr of appraisal
Evaluation of any present settlement of sale, possibility, or itemizing of topic property and evaluation of any prior gross sales of topic and comparables inside one yr of the date of appraisal:
INDICATED VALUE BY SALES COMPARISON APPROACH
INDICATED VALUE BY INCOME APPROACH (if Relevant) Estimated Market Lease /Mo. x Gross Lease Multiplier =
RECONCILIATION
This appraisal is made “as is” topic to the repairs, alterations, inspections or situations listed beneath topic to completion per plans & specs.
Situations of Appraisal:
Ultimate Reconciliation:
The aim of this appraisal is to estimate the market worth of the actual property that’s the topic of this report, based mostly on the above situations and the certification, contingent
and limiting situations, and market worth definition which are acknowledged within the connected Freddie Mac Kind 439/FNMA kind 1004B (Revised ).
Signature
Identify
Date Report Signed
State Certification # State
Or State License # State
Signature
Identify
Date Report Signed
State Certification # State
Or State License # State
Examine Property
Did Did Not
I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF
(WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $
APPRAISER: SUPERVISORY APPRAISER (ONLY IF REQUIRED):
Freddie Mac Kind 70 6/93 PAGE 2 OF 2 Fannie Mae Kind 1004 6-93
Web page #Three
SALES COMPARISON ANALYSIS
UNIFORM RESIDENTIAL APPRAISAL REPORT
MARKET DATA ANALYSIS
These current gross sales of properties are most comparable and proximate to topic and have been thought of available in the market evaluation. The outline features a greenback adjustment, reflecting
market response to these objects of great variation between the topic and comparable properties. If a big merchandise within the comparable property is superior to, or extra
favorable than, the topic property, a minus (-) adjustment is made, thus lowering the indicated worth of the topic. If a big merchandise within the comparable is inferior to, or much less
favorable than, the topic property, a plus (+) adjustment is made, thus growing the indicated worth of the topic.
/ / / /
ITEM SUBJECT COMPARABLE NO. COMPARABLE NO. COMPARABLE NO.
DESCRIPTION DESCRIPTION +( )$ Alter. – DESCRIPTION +( )$ Alter. – DESCRIPTION +( )$ Alter. –
Complete Bdrms Baths Complete Bdrms Baths Complete Bdrms Baths Complete Bdrms Baths
Sq. Ft. Sq. Ft. Sq. Ft. Sq. Ft.
+ – + – + –
$
$ $
$
$
$
$
$
$
$
$
$
$
$
Tackle
Proximity to Topic
Gross sales Value
Value/Gross Residing Space
Knowledge and/or
Verification Sources
VALUE ADJUSTMENTS
Gross sales or Financing
Concessions
Date of Sale/Time
Location
Leasehold/Payment Easy
Website
View
Design and Enchantment
High quality of Development
Age
Situation
Above Grade
Room Depend
Gross Residing Space
Basement & Completed
Rooms Beneath Grade
Useful Utility
Heating/Cooling
Vitality Environment friendly Gadgets
Storage/Carport
Porch, Patio, Deck,
Fire(s), and so on.
Fence, Pool, and so on.
Internet Adj. (whole)
Adjusted Gross sales Value
of Comparable
Date, Value and Knowledge
Supply for prior gross sales
inside yr of appraisal
COMMENTS
Feedback:
Market Knowledge Evaluation 6-93
Kind UA2.(AC) — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Itemizing Appraisal Pattern
Newtown, PA 18940
N/A
Common
Payment Easy
.21 Acre
Sports activities Court docket
Colonial/Avg
Good
23 Years
Good
eight Three 2.5
1,926
1,Zero70 SQ’
50% Completed
Common
FWA/CA
Commonplace
2 automobile Storage
Deck/Patio/Sm Porch
No Fire
No Pool
Further Options None
eight/22/08
$459,00Zero
TREND/Public Rec
369 Cambridge Lane
Newtown, PA 18940
2.17 miles SW
412,500
199.28
TREND/MLS # 5690097
Tax Assessor Data
Conv
No Vendor Help
06/29/10
Common
Payment Easy
.22 Acre
Common -10,00Zero
Colonial/Avg
Good
23 Years
Common/Good +15,00Zero
7 Three 2.5
2,Zero70 -7,200
Related Bsmt Space
Related End
Common
FWA/CA
Commonplace
1 automobile Storage +5,00Zero
Deck +2,00Zero
1 Fire -2,00Zero
No Pool
None
2,800
Internet Zero.7 %
Gross 10.Zero % 415,300
No Transfers within the yr
previous its settlement date
per public information
580 Grant Avenue
Newtown, PA 18940
1.29 miles SW
445,00Zero
178.00
TREND/MLS # 5843370
Tax Assessor Data
Conv
No Vendor Help
04/15/11 Pending
Common
Payment Easy
.21 Acre
Common -10,00Zero
Colonial/Avg
Good
21 Years
Good
7 Three 2.5
2,500 -28,700
Related Bsmt Space
90% Completed -Four,00Zero
Common
FWA/CA
Commonplace
2 automobile Storage
Related
1 Fire -2,00Zero
No Pool
None
-44,700
Internet 10.Zero %
Gross 10.Zero % 400,300
No Transfers within the yr
previous its settlement date
per public information
Internet %
Gross %
Four 5 6
Kind UA2.(AC) — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Itemizing Appraisal Pattern
Newtown, PA 18940
N/A
Common
Payment Easy
.21 Acre
Sports activities Court docket
Colonial/Avg
Good
23 Years
Good
eight Three 2.5
1,926
1,Zero70 SQ’
50% Completed
Common
FWA/CA
Commonplace
2 automobile Storage
Deck/Patio/Sm Porch
No Fire
No Pool
Further Options None
eight/22/08
$459,00Zero
TREND/Public Rec
369 Cambridge Lane
Newtown, PA 18940
2.17 miles SW
412,500
199.28
TREND/MLS # 5690097
Tax Assessor Data
Conv
No Vendor Help
06/29/10
Common
Payment Easy
.22 Acre
Common -10,00Zero
Colonial/Avg
Good
23 Years
Common/Good +15,00Zero
7 Three 2.5
2,Zero70 -7,200
Related Bsmt Space
Related End
Common
FWA/CA
Commonplace
1 automobile Storage +5,00Zero
Deck +2,00Zero
1 Fire -2,00Zero
No Pool
None
2,800
Internet Zero.7 %
Gross 10.Zero % 415,300
No Transfers within the yr
previous its settlement date
per public information
580 Grant Avenue
Newtown, PA 18940
1.29 miles SW
445,00Zero
178.00
TREND/MLS # 5843370
Tax Assessor Data
Conv
No Vendor Help
04/15/11 Pending
Common
Payment Easy
.21 Acre
Common -10,00Zero
Colonial/Avg
Good
21 Years
Good
7 Three 2.5
2,500 -28,700
Related Bsmt Space
90% Completed -Four,00Zero
Common
FWA/CA
Commonplace
2 automobile Storage
Related
1 Fire -2,00Zero
No Pool
None
-44,700
Internet 10.Zero %
Gross 10.Zero % 400,300
No Transfers within the yr
previous its settlement date
per public information
Internet %
Gross %
Four 5 6
SALES COMPARISON ANALYSIS
UNIFORM RESIDENTIAL APPRAISAL REPORT
MARKET DATA ANALYSIS
These current gross sales of properties are most comparable and proximate to topic and have been thought of available in the market evaluation. The outline features a greenback adjustment, reflecting
market response to these objects of great variation between the topic and comparable properties. If a big merchandise within the comparable property is superior to, or extra
favorable than, the topic property, a minus (-) adjustment is made, thus lowering the indicated worth of the topic. If a big merchandise within the comparable is inferior to, or much less
favorable than, the topic property, a plus (+) adjustment is made, thus growing the indicated worth of the topic.
/ / / /
ITEM SUBJECT COMPARABLE NO. COMPARABLE NO. COMPARABLE NO.
DESCRIPTION DESCRIPTION +( )$ Alter. – DESCRIPTION +( )$ Alter. – DESCRIPTION +( )$ Alter. –
Complete Bdrms Baths Complete Bdrms Baths Complete Bdrms Baths Complete Bdrms Baths
Sq. Ft. Sq. Ft. Sq. Ft. Sq. Ft.
+ – + – + –
$
$ $
$
$
$
$
$
$
$
$
$
$
$
Tackle
Proximity to Topic
Gross sales Value
Value/Gross Residing Space
Knowledge and/or
Verification Sources
VALUE ADJUSTMENTS
Gross sales or Financing
Concessions
Date of Sale/Time
Location
Leasehold/Payment Easy
Website
View
Design and Enchantment
High quality of Development
Age
Situation
Above Grade
Room Depend
Gross Residing Space
Basement & Completed
Rooms Beneath Grade
Useful Utility
Heating/Cooling
Vitality Environment friendly Gadgets
Storage/Carport
Porch, Patio, Deck,
Fire(s), and so on.
Fence, Pool, and so on.
Internet Adj. (whole)
Adjusted Gross sales Value
of Comparable
Date, Value and Knowledge
Supply for prior gross sales
inside yr of appraisal
COMMENTS
Feedback:
Market Knowledge Evaluation 6-93
Web page #Four
File No.
Property Tackle
Metropolis County State Zip Code
Kind SUP — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
110078
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Constructive Options:
The topic’s degree of upkeep is above common because it has up to date siding, roof, home windows, kitchen, baths, furnace,
lighting, entry doorways, flooring, and contemporary paint. Each the entrance door and rear sliding door are newer and of excellent high quality. Bay
window within the eating room supplies publicity to extra pure gentle. Newer cherrywood kitchen cupboards of common
high quality, granite counters, and stainless-steel home equipment, nevertheless, the ceramic tile flooring doesn’t match the counters and
cupboards. The powder room has been up to date and reveals nicely. Each full baths have been up to date, nevertheless, the corridor bathtub
has the unique bathroom and tub, and the grasp bathtub has the unique bathe and self-importance, though its self-importance prime and sink are
newer. Three newer ceiling fan fixtures in all three bedrooms. Upgraded carpeting in the master bedroom. Roughly half
of the basement has been professionally completed.
Adverse situations:
Useful obsolescence arises as a result of topic’s Three-bedroom flooring plan. Within the topic market and value vary, most patrons
are in search of a Four-bedroom residence, particularly in a colonial design. Granor-Value, the unique developer, supplied the topic
mannequin as both a Three-bedroom with sitting room or a Four-bedroom with a barely smaller main bedroom. So though the
Four-bedroom model has the precise sq. footage because the Three-bedroom with sitting room model, the Four-bedroom model has
a lot higher market attraction. Additionally, despite the fact that the topic could possibly be transformed right into a Four-bedroom at a comparatively affordable
prices, most patrons don’t need to purchase a home solely to need to undertake a development challenge. Particularly in gentle of the very fact
that there are at present seven Four-bedroom properties of comparable age, model, and high quality listed on the market in Netwown Twp
between $440,00Zero-$499,900. Exterior obsolescence arises because the rear of the topic website abuts the tennis courts/sports activities court docket.
In consequence, there may be related noise air pollution. Different extra minor unfavorable situations embody the mis-matched kitchen
flooring, the wall paper within the stairwell and 2nd flooring corridor, and the semi-gloss paint within the lobby.
Reconciliation:
The overall marketplace for the topic property is a household. As a result of the home is clearly nicely maintained it has attraction to each
heads of the family. Nevertheless, the 2 largest elements affecting its marketability are two unfavorable situations: solely three
bedrooms and it abuts the sports activities court docket. In a sellers’ market the negativity of those situations can be diminished. Within the
present gentle patrons market, these two situations are exacerbated. Additionally, though the kitchen and two full baths have been
up to date, as a result of they weren’t completely up to date (kitchen flooring) (unique bathroom and tub in corridor bathtub) (unique self-importance cupboard
and bathe in grasp bathtub), the kitchen and each baths should not have the complete optimistic impact on worth and marketability that
they’d have in the event that they had been completed completely. Please perceive, the up to date kitchen and baths add worth relative to the
unique kitchen and bathtub, however on the similar time their contributory worth isn’t maximized due to the mis-matched flooring
and unique bathtub fixtures. Principally, its Three-bedroom flooring plan and placement adjoining to the sports activities court docket are out weighing its
excessive degree of upkeep and its updating. At its present $449,900 value, there are too many Four-bedroom options with
out the unfavorable exterior affect of the sports activities court docket. All the above will probably be mirrored within the sale comparability strategy.
Situation of the Enhancements Addendum
Borrower/Shopper
Lender
Kind SUP — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
110078
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Constructive Options:
The topic’s degree of upkeep is above common because it has up to date siding, roof, home windows, kitchen, baths, furnace,
lighting, entry doorways, flooring, and contemporary paint. Each the entrance door and rear sliding door are newer and of excellent high quality. Bay
window within the eating room supplies publicity to extra pure gentle. Newer cherrywood kitchen cupboards of common
high quality, granite counters, and stainless-steel home equipment, nevertheless, the ceramic tile flooring doesn’t match the counters and
cupboards. The powder room has been up to date and reveals nicely. Each full baths have been up to date, nevertheless, the corridor bathtub
has the unique bathroom and tub, and the grasp bathtub has the unique bathe and self-importance, though its self-importance prime and sink are
newer. Three newer ceiling fan fixtures in all three bedrooms. Upgraded carpeting in the master bedroom. Roughly half
of the basement has been professionally completed.
Adverse situations:
Useful obsolescence arises as a result of topic’s Three-bedroom flooring plan. Within the topic market and value vary, most patrons
are in search of a Four-bedroom residence, particularly in a colonial design. Granor-Value, the unique developer, supplied the topic
mannequin as both a Three-bedroom with sitting room or a Four-bedroom with a barely smaller main bedroom. So though the
Four-bedroom model has the precise sq. footage because the Three-bedroom with sitting room model, the Four-bedroom model has
a lot higher market attraction. Additionally, despite the fact that the topic could possibly be transformed right into a Four-bedroom at a comparatively affordable
prices, most patrons don’t need to purchase a home solely to need to undertake a development challenge. Particularly in gentle of the very fact
that there are at present seven Four-bedroom properties of comparable age, model, and high quality listed on the market in Netwown Twp
between $440,00Zero-$499,900. Exterior obsolescence arises because the rear of the topic website abuts the tennis courts/sports activities court docket.
In consequence, there may be related noise air pollution. Different extra minor unfavorable situations embody the mis-matched kitchen
flooring, the wall paper within the stairwell and 2nd flooring corridor, and the semi-gloss paint within the lobby.
Reconciliation:
The overall marketplace for the topic property is a household. As a result of the home is clearly nicely maintained it has attraction to each
heads of the family. Nevertheless, the 2 largest elements affecting its marketability are two unfavorable situations: solely three
bedrooms and it abuts the sports activities court docket. In a sellers’ market the negativity of those situations can be diminished. Within the
present gentle patrons market, these two situations are exacerbated. Additionally, though the kitchen and two full baths have been
up to date, as a result of they weren’t completely up to date (kitchen flooring) (unique bathroom and tub in corridor bathtub) (unique self-importance cupboard
and bathe in grasp bathtub), the kitchen and each baths should not have the complete optimistic impact on worth and marketability that
they’d have in the event that they had been completed completely. Please perceive, the up to date kitchen and baths add worth relative to the
unique kitchen and bathtub, however on the similar time their contributory worth isn’t maximized due to the mis-matched flooring
and unique bathtub fixtures. Principally, its Three-bedroom flooring plan and placement adjoining to the sports activities court docket are out weighing its
excessive degree of upkeep and its updating. At its present $449,900 value, there are too many Four-bedroom options with
out the unfavorable exterior affect of the sports activities court docket. All the above will probably be mirrored within the sale comparability strategy.
Situation of the Enhancements Addendum
Borrower/Shopper
Lender
File No.
Property Tackle
Metropolis County State Zip Code
Web page #5
File No.
Property Tackle
Metropolis County State Zip Code
Kind SUP — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
110078
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
The estimate of market worth is predicated on the next extraordinary assumptions:
1) The topic property isn’t negatively affected by hazardous substances detrimental to environmental situations.
2) The topic property doesn’t have termite injury or some other latent defects.
Three) All mechanical tools is sound and in working order.
Four) All main elements of the development(s) are sound and in working order.
5) There aren’t any code violations.
6) There aren’t any encumbrances to title or undue deed restrictions.
Extraordinary Assumptions Addendum
Borrower/Shopper
Lender
Kind SUP — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
110078
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
The estimate of market worth is predicated on the next extraordinary assumptions:
1) The topic property isn’t negatively affected by hazardous substances detrimental to environmental situations.
2) The topic property doesn’t have termite injury or some other latent defects.
Three) All mechanical tools is sound and in working order.
Four) All main elements of the development(s) are sound and in working order.
5) There aren’t any code violations.
6) There aren’t any encumbrances to title or undue deed restrictions.
Extraordinary Assumptions Addendum
Borrower/Shopper
Lender
File No.
Property Tackle
Metropolis County State Zip Code
Web page #6
File No.
Property Tackle
Metropolis County State Zip Code
This Appraisal Report is among the following varieties:
Self Contained (A written report ready beneath Requirements Rule , persuant to the Scope of Work, as disclosed elsewhere on this report.)
Abstract (A written report ready beneath Requirements Rule , persuant to the Scope of Work, as disclosed elsewhere on this report.)
Restricted Use (A written report ready beneath Requirements Rule , persuant to the Scope of Work, as disclosed elsewhere on this report,
restricted to the acknowledged meant use by the desired shopper or meant consumer.)
APPRAISER:
Signature:
Identify:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Efficient Date of Appraisal:
SUPERVISORY APPRAISER (provided that required):
Signature:
Identify:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Supervisory Appraiser inspection of Topic Property:
Did Not Exterior-only from road Inside and Exterior
N/A 110078
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
APPRAISAL AND REPORT IDENTIFICATION
2-2(a)
2-2(b)
2-2(c)
Feedback on Requirements Rule 2-Three
I certify that, to the very best of my data and perception:
— the statements of truth contained on this report are true and proper.
— the reported analyses, opinions, and conclusions are restricted solely by the reported assumptions and limiting situations and are my private, neutral, and unbiased
skilled analyses, opinions, and conclusions.
— I’ve no (or the desired) current or potential curiosity within the property that’s the topic of this report and no (or the desired) private curiosity with respect to the events
concerned.
— I’ve no bias with respect to the property that’s the topic of this report or to the events concerned with this project.
— my engagement on this project was not contingent upon creating or reporting predetermined outcomes.
— my compensation for finishing this project isn’t contingent upon the event or reporting of a predetermined worth or path in worth that favors the reason for the
shopper, the quantity of the worth opinion, the attainment of a stipulated end result, or the prevalence of a subsequent occasion instantly associated to the meant use of this appraisal.
— my analyses, opinions, and conclusions had been developed, and this report has been ready, in conformity with the Uniform Requirements of Skilled Appraisal Follow.
— I’ve (or haven’t) made a private inspection of the property that’s the topic of this report. (If a couple of individual indicators this certification, the certification should clearly
specify which people did and which people didn’t make a private inspection of the appraised property.)
— nobody offered important actual property appraisal help to the individual signing this certification. (If there are exceptions, the identify of every particular person offering important
actual property appraisal help have to be acknowledged.)
Feedback on Appraisal and Report Identification
Notice any USPAP associated points requiring disclosure and any state mandated necessities:
None famous
James Dougherty
03/17/2011
RL001914L
N/A
PA
06/30/2011
03/16/2011
Kind ID06 — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
James Dougherty Co.
Borrower/Shopper
Lender
N/A 110078
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
APPRAISAL AND REPORT IDENTIFICATION
2-2(a)
2-2(b)
2-2(c)
Feedback on Requirements Rule 2-Three
I certify that, to the very best of my data and perception:
— the statements of truth contained on this report are true and proper.
— the reported analyses, opinions, and conclusions are restricted solely by the reported assumptions and limiting situations and are my private, neutral, and unbiased
skilled analyses, opinions, and conclusions.
— I’ve no (or the desired) current or potential curiosity within the property that’s the topic of this report and no (or the desired) private curiosity with respect to the events
concerned.
— I’ve no bias with respect to the property that’s the topic of this report or to the events concerned with this project.
— my engagement on this project was not contingent upon creating or reporting predetermined outcomes.
— my compensation for finishing this project isn’t contingent upon the event or reporting of a predetermined worth or path in worth that favors the reason for the
shopper, the quantity of the worth opinion, the attainment of a stipulated end result, or the prevalence of a subsequent occasion instantly associated to the meant use of this appraisal.
— my analyses, opinions, and conclusions had been developed, and this report has been ready, in conformity with the Uniform Requirements of Skilled Appraisal Follow.
— I’ve (or haven’t) made a private inspection of the property that’s the topic of this report. (If a couple of individual indicators this certification, the certification should clearly
specify which people did and which people didn’t make a private inspection of the appraised property.)
— nobody offered important actual property appraisal help to the individual signing this certification. (If there are exceptions, the identify of every particular person offering important
actual property appraisal help have to be acknowledged.)
Feedback on Appraisal and Report Identification
Notice any USPAP associated points requiring disclosure and any state mandated necessities:
None famous
James Dougherty
03/17/2011
RL001914L
N/A
PA
06/30/2011
03/16/2011
Kind ID06 — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
James Dougherty Co.
Borrower/Shopper
Lender
File No.
Property Tackle
Metropolis County State Zip Code
This Appraisal Report is among the following varieties:
Self Contained (A written report ready beneath Requirements Rule , persuant to the Scope of Work, as disclosed elsewhere on this report.)
Abstract (A written report ready beneath Requirements Rule , persuant to the Scope of Work, as disclosed elsewhere on this report.)
Restricted Use (A written report ready beneath Requirements Rule , persuant to the Scope of Work, as disclosed elsewhere on this report,
restricted to the acknowledged meant use by the desired shopper or meant consumer.)
APPRAISER:
Signature:
Identify:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Efficient Date of Appraisal:
SUPERVISORY APPRAISER (provided that required):
Signature:
Identify:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Supervisory Appraiser inspection of Topic Property:
Did Not Exterior-only from road Inside and Exterior
Web page #7
FIRREA / USPAP ADDENDUM
Property Tackle
Metropolis County State Zip Code
Function
Scope
Supposed Use / Supposed Person
Historical past of Property
Present itemizing info:
Prior sale:
Publicity Time / Advertising Time
Private (non-realty) Transfers
Further Feedback
Certification Complement
1. This appraisal project was not based mostly on a requested minimal valuation, a particular valuation, or an approval of a mortgage.
2. My compensation isn’t contingent upon the reporting of a predetermined worth or path in worth that favors the reason for the shopper, the quantity of the worth
estimate, the attainment of a stipulated end result or the prevalence of a subsequent occasion.
Appraiser(s):
Efficient date / Report date:
Supervisory Appraiser(s):
Efficient date / Report date:
Kind FUA — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
James Dougherty Co.
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
The aim of this appraisal is to estimate the market worth of the topic property as outlined on this report. The operate of this appraisal is to
help the above-named Shopper in evaluating the topic property for advertising and marketing functions.
The appraisal is predicated upon the info gathered by the Appraiser in the course of the inspection of the topic property, its neighborhood, and the choice
of comparable gross sales and listings within the topic’s market space. Different information sources embody public information and a number of itemizing companies. All
comparable gross sales are verified by the named supply throughout the appraisal report. Useful, and or, exterior inadequacies are famous if current.
The associated fee strategy was not developed for the 2 following causes: 1) patrons and sellers don’t depend on the price strategy to assist decide
pricing and a couple of) as a result of problem in estimating bodily depreciation. The topic property is situated in an space of primarily proprietor occupied
residential dwellings. The earnings strategy isn’t thought of to be a dependable strategy to worth since residential dwellings within the topic’s
market space should not priced and offered based mostly upon rental earnings. The earnings strategy is subsequently not relevant.
This appraisal is meant for use as an instrument to help the Shopper market the property. The worth is estimated as of the date of inspection.
It isn’t meant for use as a house inspection report. Your Appraiser makes no warranties as to the structural integrity of the topic property
or any warranties as to the soundness of any main elements. The Lender/Shopper as acknowledged on web page 1 of this report is the one meant consumer.
The topic was listed on the market on 2/14/11 for an asking value of $459,900. On Three/Four/11 its value was decreased to $449,900.
The topic final transferred eight/22/08 for a consideration of $459,00Zero as an arms-length transaction. That is the one recorded switch in
the final Three years.
Three – 6 months is the standard advertising and marketing time within the topic market space. This conclusion is predicated upon advertising and marketing intervals of comparable properties in
the topic market space.
No private property was included within the appraisal or valuation course of.
The digital photographs of the topic property on this report, are unique photographs that had been taken on the time of inspection, and haven’t been altered or
enhanced in any manner.
Any digital signature(s) affixed to this report is a digital picture managed by a private identification quantity in accordance with USPAP.
The estimate of worth is predicated upon typical phrases of commerce: a 6% gross sales fee to taking part actual property brokers.
As a result of the reported GLA in public information and MLS is commonly incorrect, it’s estimated for the comps based mostly on any or all the following:
assessor information, MLS, exterior inspection, appraisal recordsdata, and data of the particular tract.
Geographic/market competency: The project requires geographic/market competency as a part of the Scope of Work. I’m confirming that I
have spent ample time to realize satisfactory data, expertise and sources to speak a reputable opinion of market worth for the
topic property. The required understanding of native market situations supplies the connection between a sale and a comparable sale or a
rental and a comparable rental. This opinion is predicated on the appraiser’s full time, working data of the topic’s particular advertising and marketing space,
together with native provide and demand elements which relate to the topic’s property kind and its’ particular location. Moreover, the appraiser’s
credentials embody on-going formal training, evaluation of present market-driven statistics, subscriptions and overview of revealed actual property
periodicals and price manuals, and often networking with people concerned in actual property transactions.
James Dougherty
03/16/2011
Borrower/Shopper
Lender
Kind FUA — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
James Dougherty Co.
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
The aim of this appraisal is to estimate the market worth of the topic property as outlined on this report. The operate of this appraisal is to
help the above-named Shopper in evaluating the topic property for advertising and marketing functions.
The appraisal is predicated upon the info gathered by the Appraiser in the course of the inspection of the topic property, its neighborhood, and the choice
of comparable gross sales and listings within the topic’s market space. Different information sources embody public information and a number of itemizing companies. All
comparable gross sales are verified by the named supply throughout the appraisal report. Useful, and or, exterior inadequacies are famous if current.
The associated fee strategy was not developed for the 2 following causes: 1) patrons and sellers don’t depend on the price strategy to assist decide
pricing and a couple of) as a result of problem in estimating bodily depreciation. The topic property is situated in an space of primarily proprietor occupied
residential dwellings. The earnings strategy isn’t thought of to be a dependable strategy to worth since residential dwellings within the topic’s
market space should not priced and offered based mostly upon rental earnings. The earnings strategy is subsequently not relevant.
This appraisal is meant for use as an instrument to help the Shopper market the property. The worth is estimated as of the date of inspection.
It isn’t meant for use as a house inspection report. Your Appraiser makes no warranties as to the structural integrity of the topic property
or any warranties as to the soundness of any main elements. The Lender/Shopper as acknowledged on web page 1 of this report is the one meant consumer.
The topic was listed on the market on 2/14/11 for an asking value of $459,900. On Three/Four/11 its value was decreased to $449,900.
The topic final transferred eight/22/08 for a consideration of $459,00Zero as an arms-length transaction. That is the one recorded switch in
the final Three years.
Three – 6 months is the standard advertising and marketing time within the topic market space. This conclusion is predicated upon advertising and marketing intervals of comparable properties in
the topic market space.
No private property was included within the appraisal or valuation course of.
The digital photographs of the topic property on this report, are unique photographs that had been taken on the time of inspection, and haven’t been altered or
enhanced in any manner.
Any digital signature(s) affixed to this report is a digital picture managed by a private identification quantity in accordance with USPAP.
The estimate of worth is predicated upon typical phrases of commerce: a 6% gross sales fee to taking part actual property brokers.
As a result of the reported GLA in public information and MLS is commonly incorrect, it’s estimated for the comps based mostly on any or all the following:
assessor information, MLS, exterior inspection, appraisal recordsdata, and data of the particular tract.
Geographic/market competency: The project requires geographic/market competency as a part of the Scope of Work. I’m confirming that I
have spent ample time to realize satisfactory data, expertise and sources to speak a reputable opinion of market worth for the
topic property. The required understanding of native market situations supplies the connection between a sale and a comparable sale or a
rental and a comparable rental. This opinion is predicated on the appraiser’s full time, working data of the topic’s particular advertising and marketing space,
together with native provide and demand elements which relate to the topic’s property kind and its’ particular location. Moreover, the appraiser’s
credentials embody on-going formal training, evaluation of present market-driven statistics, subscriptions and overview of revealed actual property
periodicals and price manuals, and often networking with people concerned in actual property transactions.
James Dougherty
03/16/2011
Borrower/Shopper
Lender
FIRREA / USPAP ADDENDUM
Property Tackle
Metropolis County State Zip Code
Function
Scope
Supposed Use / Supposed Person
Historical past of Property
Present itemizing info:
Prior sale:
Publicity Time / Advertising Time
Private (non-realty) Transfers
Further Feedback
Certification Complement
1. This appraisal project was not based mostly on a requested minimal valuation, a particular valuation, or an approval of a mortgage.
2. My compensation isn’t contingent upon the reporting of a predetermined worth or path in worth that favors the reason for the shopper, the quantity of the worth
estimate, the attainment of a stipulated end result or the prevalence of a subsequent occasion.
Appraiser(s):
Efficient date / Report date:
Supervisory Appraiser(s):
Efficient date / Report date:
Web page #eight
Feedback:
AREA CALCULATIONS SUMMARY
Code Description Internet Dimension Internet Totals
GLA1 First Flooring 1069.50
GLA2
1069.50
Second Flooring 856.50
GAR
856.50
Storage 410.00 410.00
Internet LIVABLE Space (Rounded) 1926
Breakdown Subtotals
LIVING AREA BREAKDOWN
First Flooring
12.00 x 19.50 234.00
16.50 x 27.00 445.50
13.50 x 26.00 351.00
2.00 x 19.50 39.00
Second Flooring
28.00 x 30.00 840.00
1.00 x 16.50 16.50
6 Gadgets (Rounded) 1926
Sketch by Apex IV™
27.00′
16.50′
13.50′
19.50′
12.00′
7.00′
19.50′
2.00′
10.50′
28.00′
30.00′
29.00′
16.50′
13.50′
1st Flooring 2nd Flooring
5.00′
20.00′
20.50′
eight.00′
2 Automobile Storage
Property Tackle
Metropolis County State Zip Code
Kind SKT.BldSkI — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Constructing Space Addendum
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Borrower/Shopper
Lender
Feedback:
AREA CALCULATIONS SUMMARY
Code Description Internet Dimension Internet Totals
GLA1 First Flooring 1069.50
GLA2
1069.50
Second Flooring 856.50
GAR
856.50
Storage 410.00 410.00
Internet LIVABLE Space (Rounded) 1926
Breakdown Subtotals
LIVING AREA BREAKDOWN
First Flooring
12.00 x 19.50 234.00
16.50 x 27.00 445.50
13.50 x 26.00 351.00
2.00 x 19.50 39.00
Second Flooring
28.00 x 30.00 840.00
1.00 x 16.50 16.50
6 Gadgets (Rounded) 1926
Sketch by Apex IV™
27.00′
16.50′
13.50′
19.50′
12.00′
7.00′
19.50′
2.00′
10.50′
28.00′
30.00′
29.00′
16.50′
13.50′
1st Flooring 2nd Flooring
5.00′
20.00′
20.50′
eight.00′
2 Automobile Storage
Kind SKT.BldSkI — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Constructing Space Addendum
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Borrower/Shopper
Lender
Property Tackle
Metropolis County State Zip Code
Web page #9
Property Tackle
Metropolis County State Zip Code
Kind SKT.BldSkI — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Constructing Sketch
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Borrower/Shopper
Lender
Kind SKT.BldSkI — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Constructing Sketch
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Borrower/Shopper
Lender
Property Tackle
Metropolis County State Zip Code
Web page #10
Property Tackle
Metropolis County State Zip Code
Kind MAP.LOC — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Location Map
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Borrower/Shopper
Lender
Kind MAP.LOC — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Location Map
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Borrower/Shopper
Lender
Property Tackle
Metropolis County State Zip Code
Web page #11
Property Tackle
Metropolis County State Zip Code
Feedback: Feedback:
Feedback: Feedback:
Kind PICFOUR — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Topic Addendum
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Entrance Rear
Avenue Scene Avenue Scene
Borrower/Shopper
Lender
Kind PICFOUR — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Topic Addendum
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Entrance Rear
Avenue Scene Avenue Scene
Borrower/Shopper
Lender
Property Tackle
Metropolis County State Zip Code
Feedback: Feedback:
Feedback: Feedback:
Web page #12
Property Tackle
Metropolis County State Zip Code
Kind PICPIX.CR — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Comparable Photographs 1-Three
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Comparable 1
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
1 Copperleaf Drive
Zero.05 miles NE
392,500
1,677
7
Three
2.5
Common
Common
.25 Acre
Good
21 Years
Comparable 2
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
22 Copperleaf Drive
Zero.08 miles SW
390,00Zero
1,926
eight
Three
2.5
Common
Common
.24 Acre
Good
21 Years
Comparable Three
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
2 Westfield Driveve
2.13 miles SW
365,00Zero
1,834
7
Three
2.5
Common
Common
.20 Acre
Good
23 Years
Borrower/Shopper
Lender
Kind PICPIX.CR — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Comparable Photographs 1-Three
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Comparable 1
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
1 Copperleaf Drive
Zero.05 miles NE
392,500
1,677
7
Three
2.5
Common
Common
.25 Acre
Good
21 Years
Comparable 2
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
22 Copperleaf Drive
Zero.08 miles SW
390,00Zero
1,926
eight
Three
2.5
Common
Common
.24 Acre
Good
21 Years
Comparable Three
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
2 Westfield Driveve
2.13 miles SW
365,00Zero
1,834
7
Three
2.5
Common
Common
.20 Acre
Good
23 Years
Borrower/Shopper
Lender
Property Tackle
Metropolis County State Zip Code
Web page #13
Property Tackle
Metropolis County State Zip Code
Kind PICPIX.CR — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Comparable Photographs Four-6
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Comparable Four
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
369 Cambridge Lane
2.17 miles SW
412,500
2,Zero70
7
Three
2.5
Common
Common
.22 Acre
Good
23 Years
Comparable 5
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
580 Grant Avenue
1.29 miles SW
445,00Zero
2,500
7
Three
2.5
Common
Common
.21 Acre
Good
21 Years
Comparable 6
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
Borrower/Shopper
Lender
Kind PICPIX.CR — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Comparable Photographs Four-6
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Comparable Four
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
369 Cambridge Lane
2.17 miles SW
412,500
2,Zero70
7
Three
2.5
Common
Common
.22 Acre
Good
23 Years
Comparable 5
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
580 Grant Avenue
1.29 miles SW
445,00Zero
2,500
7
Three
2.5
Common
Common
.21 Acre
Good
21 Years
Comparable 6
Prox. to Topic
Gross sales Value
Gross Residing Space
Complete Rooms
Complete Bedrooms
Complete Loos
Location
View
Website
High quality
Age
Borrower/Shopper
Lender
Property Tackle
Metropolis County State Zip Code
Web page #14
DEFINITION OF MARKET VALUE: Essentially the most possible value which a property ought to usher in a aggressive and open market beneath all situations
requisite to a good sale, the customer and vendor, every appearing prudently, knowledgeably and assuming the worth isn’t affected by undue stimulus. Implicit on this
definition is the consummation of a sale as of a specified date and the passing of title from vendor to purchaser beneath situations whereby: (1) purchaser and vendor are
usually motivated; (2) each events are nicely knowledgeable or nicely suggested, and every appearing in what he considers his personal finest curiosity; (Three) an inexpensive time is allowed
for publicity within the open market; (Four) fee is made when it comes to money in U.S. or when it comes to monetary preparations comparable thereto; and (5) the worth
represents the conventional consideration for the property offered unaffected by particular or artistic financing or gross sales concessions* granted by anybody related to
the sale.
* Changes to the comparables have to be made for particular or artistic financing or gross sales concessions. No changes are obligatory
for these prices that are usually paid by sellers on account of custom or regulation in a market space; these prices are readily identifiable
for the reason that vendor pays these prices in nearly all gross sales transactions. Particular or artistic financing changes might be made to the
comparable property by comparisons to financing phrases supplied by a 3rd social gathering institutional lender that’s not already concerned within the
property or transaction. Any adjustment shouldn’t be calculated on a mechanical greenback for greenback price of the financing or concession
however the greenback quantity of any adjustment ought to approximate the market’s response to the financing or concessions based mostly on the
appraiser’s judgement.
STATEMENT OF LIMITING CONDITIONS AND APPRAISER’S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser’s certification that seems within the appraisal report is topic to the next
situations:
1. The appraiser won’t be accountable for issues of a authorized nature that have an effect on both the property being appraised or the title to it. The appraiser assumes that
the title is sweet and marketable and, subsequently, won’t render any opinions concerning the title. The property is appraised on the premise of it being beneath accountable
possession.
2. The appraiser has offered a sketch within the appraisal report to point out approximate dimensions of the enhancements and the sketch is included solely to help
the reader of the report in visualizing the property and understanding the appraiser’s willpower of its measurement.
Three. The appraiser has examined the accessible flood maps which are offered by the Federal Emergency Administration Company (or different information sources) and has famous
within the appraisal report whether or not the topic website is situated in an recognized Particular Flood Hazard Space. As a result of the appraiser isn’t a surveyor, she or he makes
no ensures, categorical or implied, relating to this willpower.
Four. The appraiser won’t give testimony or seem in court docket as a result of she or he made an appraisal of the property in query, except particular preparations to do
so have been made beforehand.
5. The appraiser has estimated the worth of the land in the price strategy at its highest and finest use and the enhancements at their contributory worth. These
separate valuations of the land and enhancements should not be used at the side of some other appraisal and are invalid if they’re so used.
6. The appraiser has famous within the appraisal report any hostile situations (reminiscent of, wanted repairs, depreciation, the presence of hazardous wastes, poisonous
substances, and so on.) noticed in the course of the inspection of the topic property or that she or he turned conscious of in the course of the regular analysis concerned in performing
the appraisal. Except in any other case acknowledged within the appraisal report, the appraiser has no data of any hidden or unapparent situations of the property or
hostile environmental situations (together with the presence of hazardous wastes, poisonous substances, and so on.) that may make the property roughly beneficial, and
has assumed that there aren’t any such situations and makes no ensures or warranties, categorical or implied, relating to the situation of the property. The
appraiser won’t be accountable for any such situations that do exist or for any engineering or testing that is likely to be required to find whether or not such
situations exist. As a result of the appraiser isn’t an knowledgeable within the discipline of environmental hazards, the appraisal report should not be thought of as an
environmental evaluation of the property.
7. The appraiser obtained the knowledge, estimates, and opinions that had been expressed within the appraisal report from sources that she or he considers to be
dependable and believes them to be true and proper. The appraiser doesn’t assume duty for the accuracy of such objects that had been furnished by different
events.
eight. The appraiser won’t disclose the contents of the appraisal report besides as offered for within the Uniform Requirements of Skilled Appraisal Follow.
9. The appraiser has based mostly his or her appraisal report and valuation conclusion for an appraisal that’s topic to passable completion, repairs, or
alterations on the idea that completion of the enhancements will probably be carried out in a workmanlike method.
10. The appraiser should present his or her prior written consent earlier than the lender/shopper specified within the appraisal report can distribute the appraisal report
(together with conclusions concerning the property worth, the appraiser’s identification designations, and references to any skilled appraisal
organizations or the agency with which the appraiser is related) to anybody aside from the borrower; the mortgagee or its successors and assigns; the mortgage
insurer; consultants; skilled appraisal organizations; any state or federally permitted monetary establishment; or any division, company, or instrumentality
of america or any state or the District of Columbia; besides that the lender/shopper might distribute the property description part of the report solely to information
assortment or reporting service(s) with out having to acquire the appraiser’s prior written consent. The appraiser’s written consent and approval should additionally
be obtained earlier than the appraisal might be conveyed by anybody to the general public by promoting, public relations, information, gross sales, or different media.
Freddie Mac Kind 439 6-93 Web page 1 of two Fannie Mae Kind 1004B 6-93
Kind ACR — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
James Dougherty Co.
DEFINITION OF MARKET VALUE: Essentially the most possible value which a property ought to usher in a aggressive and open market beneath all situations
requisite to a good sale, the customer and vendor, every appearing prudently, knowledgeably and assuming the worth isn’t affected by undue stimulus. Implicit on this
definition is the consummation of a sale as of a specified date and the passing of title from vendor to purchaser beneath situations whereby: (1) purchaser and vendor are
usually motivated; (2) each events are nicely knowledgeable or nicely suggested, and every appearing in what he considers his personal finest curiosity; (Three) an inexpensive time is allowed
for publicity within the open market; (Four) fee is made when it comes to money in U.S. or when it comes to monetary preparations comparable thereto; and (5) the worth
represents the conventional consideration for the property offered unaffected by particular or artistic financing or gross sales concessions* granted by anybody related to
the sale.
* Changes to the comparables have to be made for particular or artistic financing or gross sales concessions. No changes are obligatory
for these prices that are usually paid by sellers on account of custom or regulation in a market space; these prices are readily identifiable
for the reason that vendor pays these prices in nearly all gross sales transactions. Particular or artistic financing changes might be made to the
comparable property by comparisons to financing phrases supplied by a 3rd social gathering institutional lender that’s not already concerned within the
property or transaction. Any adjustment shouldn’t be calculated on a mechanical greenback for greenback price of the financing or concession
however the greenback quantity of any adjustment ought to approximate the market’s response to the financing or concessions based mostly on the
appraiser’s judgement.
STATEMENT OF LIMITING CONDITIONS AND APPRAISER’S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser’s certification that seems within the appraisal report is topic to the next
situations:
1. The appraiser won’t be accountable for issues of a authorized nature that have an effect on both the property being appraised or the title to it. The appraiser assumes that
the title is sweet and marketable and, subsequently, won’t render any opinions concerning the title. The property is appraised on the premise of it being beneath accountable
possession.
2. The appraiser has offered a sketch within the appraisal report to point out approximate dimensions of the enhancements and the sketch is included solely to help
the reader of the report in visualizing the property and understanding the appraiser’s willpower of its measurement.
Three. The appraiser has examined the accessible flood maps which are offered by the Federal Emergency Administration Company (or different information sources) and has famous
within the appraisal report whether or not the topic website is situated in an recognized Particular Flood Hazard Space. As a result of the appraiser isn’t a surveyor, she or he makes
no ensures, categorical or implied, relating to this willpower.
Four. The appraiser won’t give testimony or seem in court docket as a result of she or he made an appraisal of the property in query, except particular preparations to do
so have been made beforehand.
5. The appraiser has estimated the worth of the land in the price strategy at its highest and finest use and the enhancements at their contributory worth. These
separate valuations of the land and enhancements should not be used at the side of some other appraisal and are invalid if they’re so used.
6. The appraiser has famous within the appraisal report any hostile situations (reminiscent of, wanted repairs, depreciation, the presence of hazardous wastes, poisonous
substances, and so on.) noticed in the course of the inspection of the topic property or that she or he turned conscious of in the course of the regular analysis concerned in performing
the appraisal. Except in any other case acknowledged within the appraisal report, the appraiser has no data of any hidden or unapparent situations of the property or
hostile environmental situations (together with the presence of hazardous wastes, poisonous substances, and so on.) that may make the property roughly beneficial, and
has assumed that there aren’t any such situations and makes no ensures or warranties, categorical or implied, relating to the situation of the property. The
appraiser won’t be accountable for any such situations that do exist or for any engineering or testing that is likely to be required to find whether or not such
situations exist. As a result of the appraiser isn’t an knowledgeable within the discipline of environmental hazards, the appraisal report should not be thought of as an
environmental evaluation of the property.
7. The appraiser obtained the knowledge, estimates, and opinions that had been expressed within the appraisal report from sources that she or he considers to be
dependable and believes them to be true and proper. The appraiser doesn’t assume duty for the accuracy of such objects that had been furnished by different
events.
eight. The appraiser won’t disclose the contents of the appraisal report besides as offered for within the Uniform Requirements of Skilled Appraisal Follow.
9. The appraiser has based mostly his or her appraisal report and valuation conclusion for an appraisal that’s topic to passable completion, repairs, or
alterations on the idea that completion of the enhancements will probably be carried out in a workmanlike method.
10. The appraiser should present his or her prior written consent earlier than the lender/shopper specified within the appraisal report can distribute the appraisal report
(together with conclusions concerning the property worth, the appraiser’s identification designations, and references to any skilled appraisal
organizations or the agency with which the appraiser is related) to anybody aside from the borrower; the mortgagee or its successors and assigns; the mortgage
insurer; consultants; skilled appraisal organizations; any state or federally permitted monetary establishment; or any division, company, or instrumentality
of america or any state or the District of Columbia; besides that the lender/shopper might distribute the property description part of the report solely to information
assortment or reporting service(s) with out having to acquire the appraiser’s prior written consent. The appraiser’s written consent and approval should additionally
be obtained earlier than the appraisal might be conveyed by anybody to the general public by promoting, public relations, information, gross sales, or different media.
Freddie Mac Kind 439 6-93 Web page 1 of two Fannie Mae Kind 1004B 6-93
Web page #15
APPRAISER’S CERTIFICATION: The Appraiser certifies and agrees that:
1. I’ve researched the topic market space and have chosen a minimal of three current gross sales of properties most comparable and proximate to the topic property
for consideration within the gross sales comparability evaluation and have made a greenback adjustment when applicable to replicate the market response to these objects of great
variation. If a big merchandise in a comparable property is superior to, or extra favorable than, the topic property, I’ve made a unfavorable adjustment to scale back
the adjusted gross sales value of the comparable and, if a big merchandise in a comparable property is inferior to, or much less favorable than the topic property, I’ve made
a optimistic adjustment to extend the adjusted gross sales value of the comparable.
2. I’ve considered the elements that have an effect on worth in my growth of the estimate of market worth within the appraisal report. I’ve not
knowingly withheld any important info from the appraisal report and I consider, to the very best of my data, that each one statements and data within the
appraisal report are true and proper.
Three. I acknowledged within the appraisal report solely my very own private, unbiased, evaluation, opinions, and conclusions, that are topic solely to the contingent
and limiting situations specified on this kind.
Four. I’ve no current or potential curiosity within the property that’s the topic to this report, and I’ve no current or potential private curiosity or bias with
respect to the contributors within the transaction. I didn’t base, both partially or utterly, my evaluation and/or the estimate of market worth within the appraisal report
on the race, coloration, faith, intercourse, handicap, familial standing, or nationwide origin of both the possible homeowners or occupants of the topic property or of the current
homeowners or occupants of the properties within the neighborhood of the topic property.
5. I’ve no current or contemplated future curiosity within the topic property, and neither my present or future employment nor my compensation for performing this
appraisal is contingent on the appraised worth of the property.
6. I used to be not required to report a predetermined worth or path in worth that favors the reason for the shopper or any associated social gathering, the quantity of the worth estimate,
the attainment of a particular end result, or the prevalence of a subsequent occasion with a view to obtain my compensation and/or employment for performing the appraisal. I
didn’t base the appraisal report on a requested minimal valuation, a particular valuation, or the necessity to approve a particular mortgage mortgage.
7. I carried out this appraisal in conformity with the Uniform Requirements of Skilled Appraisal Follow that had been adopted and promulgated by the Appraisal
Requirements Board of The Appraisal Basis and that had been in place as of the efficient date of this appraisal, except the departure provision of these
Requirements, which doesn’t apply. I acknowledge that an estimate of an inexpensive time for publicity within the open market is a situation within the definition of market worth
and the estimate I developed is according to the advertising and marketing time famous within the neighborhood part of this report, except I’ve in any other case acknowledged within the
reconciliation part.
eight. I’ve personally inspected the inside and exterior areas of the topic property and the outside of all properties listed as comparables within the appraisal report.
I additional certify that I’ve famous any obvious or identified hostile situations within the topic enhancements, on the topic website, or on any website throughout the speedy
neighborhood of the topic property of which I’m conscious and have made changes for these hostile situations in my evaluation of the property worth to the extent that
I had market proof to help them. I’ve additionally commented concerning the impact of the hostile situations on the marketability of the topic property.
9. I personally ready all conclusions and opinions about the actual property that had been set forth within the appraisal report. If I relied on important skilled
help from any particular person or people within the efficiency of the appraisal or the preparation of the appraisal report, I’ve named such particular person(s) and
disclosed the particular duties carried out by them within the reconciliation part of this appraisal report. I certify that any particular person so named is certified to carry out
the duties. I’ve not licensed anybody to make a change to any merchandise within the report; subsequently, if an unauthorized change is made to the appraisal report, I’ll take
no duty for it.
SUPERVISORY APPRAISER’S CERTIFICATION: If a supervisory appraiser signed the appraisal report, she or he certifies and agrees that:
I instantly supervise the appraiser who ready the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser,
comply with be certain by the appraiser’s certifications numbered Four by 7 above, and am taking full duty for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED:
APPRAISER: SUPERVISORY APPRAISER (provided that required):
Signature: Signature:
Identify: Identify:
Date Signed: Date Signed:
State Certification #: State Certification #:
or State License #: or State License #:
State: State:
Expiration Date of Certification or License: Expiration Date of Certification or License:
Did Did Not Examine Property
Freddie Mac Kind 439 6-93 Web page 2 of two Fannie Mae Kind 1004B 6-93
Kind ACR — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Itemizing Appraisal Pattern, Newtown, PA 18940
James Dougherty
03/17/2011
RL001914L
N/A
PA
06/30/2011
Kind ACR — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Itemizing Appraisal Pattern, Newtown, PA 18940
James Dougherty
03/17/2011
RL001914L
N/A
PA
06/30/2011
APPRAISER’S CERTIFICATION: The Appraiser certifies and agrees that:
1. I’ve researched the topic market space and have chosen a minimal of three current gross sales of properties most comparable and proximate to the topic property
for consideration within the gross sales comparability evaluation and have made a greenback adjustment when applicable to replicate the market response to these objects of great
variation. If a big merchandise in a comparable property is superior to, or extra favorable than, the topic property, I’ve made a unfavorable adjustment to scale back
the adjusted gross sales value of the comparable and, if a big merchandise in a comparable property is inferior to, or much less favorable than the topic property, I’ve made
a optimistic adjustment to extend the adjusted gross sales value of the comparable.
2. I’ve considered the elements that have an effect on worth in my growth of the estimate of market worth within the appraisal report. I’ve not
knowingly withheld any important info from the appraisal report and I consider, to the very best of my data, that each one statements and data within the
appraisal report are true and proper.
Three. I acknowledged within the appraisal report solely my very own private, unbiased, evaluation, opinions, and conclusions, that are topic solely to the contingent
and limiting situations specified on this kind.
Four. I’ve no current or potential curiosity within the property that’s the topic to this report, and I’ve no current or potential private curiosity or bias with
respect to the contributors within the transaction. I didn’t base, both partially or utterly, my evaluation and/or the estimate of market worth within the appraisal report
on the race, coloration, faith, intercourse, handicap, familial standing, or nationwide origin of both the possible homeowners or occupants of the topic property or of the current
homeowners or occupants of the properties within the neighborhood of the topic property.
5. I’ve no current or contemplated future curiosity within the topic property, and neither my present or future employment nor my compensation for performing this
appraisal is contingent on the appraised worth of the property.
6. I used to be not required to report a predetermined worth or path in worth that favors the reason for the shopper or any associated social gathering, the quantity of the worth estimate,
the attainment of a particular end result, or the prevalence of a subsequent occasion with a view to obtain my compensation and/or employment for performing the appraisal. I
didn’t base the appraisal report on a requested minimal valuation, a particular valuation, or the necessity to approve a particular mortgage mortgage.
7. I carried out this appraisal in conformity with the Uniform Requirements of Skilled Appraisal Follow that had been adopted and promulgated by the Appraisal
Requirements Board of The Appraisal Basis and that had been in place as of the efficient date of this appraisal, except the departure provision of these
Requirements, which doesn’t apply. I acknowledge that an estimate of an inexpensive time for publicity within the open market is a situation within the definition of market worth
and the estimate I developed is according to the advertising and marketing time famous within the neighborhood part of this report, except I’ve in any other case acknowledged within the
reconciliation part.
eight. I’ve personally inspected the inside and exterior areas of the topic property and the outside of all properties listed as comparables within the appraisal report.
I additional certify that I’ve famous any obvious or identified hostile situations within the topic enhancements, on the topic website, or on any website throughout the speedy
neighborhood of the topic property of which I’m conscious and have made changes for these hostile situations in my evaluation of the property worth to the extent that
I had market proof to help them. I’ve additionally commented concerning the impact of the hostile situations on the marketability of the topic property.
9. I personally ready all conclusions and opinions about the actual property that had been set forth within the appraisal report. If I relied on important skilled
help from any particular person or people within the efficiency of the appraisal or the preparation of the appraisal report, I’ve named such particular person(s) and
disclosed the particular duties carried out by them within the reconciliation part of this appraisal report. I certify that any particular person so named is certified to carry out
the duties. I’ve not licensed anybody to make a change to any merchandise within the report; subsequently, if an unauthorized change is made to the appraisal report, I’ll take
no duty for it.
SUPERVISORY APPRAISER’S CERTIFICATION: If a supervisory appraiser signed the appraisal report, she or he certifies and agrees that:
I instantly supervise the appraiser who ready the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser,
comply with be certain by the appraiser’s certifications numbered Four by 7 above, and am taking full duty for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED:
APPRAISER: SUPERVISORY APPRAISER (provided that required):
Signature: Signature:
Identify: Identify:
Date Signed: Date Signed:
State Certification #: State Certification #:
or State License #: or State License #:
State: State:
Expiration Date of Certification or License: Expiration Date of Certification or License:
Did Did Not Examine Property
Freddie Mac Kind 439 6-93 Web page 2 of two Fannie Mae Kind 1004B 6-93
Web page #16
File No.
Property Tackle
Metropolis County State Zip Code
APPRAISER:
Signature:
Identify:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
SUPERVISORY APPRAISER (provided that required):
Signature:
Identify:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Did Did Not Examine Property
Kind ID4 — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
N/A 110078
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
James Dougherty Co.
Further Appraiser’s Certification
APPRAISER’S CERTIFICATION: The Appraiser certifies and agrees that:
1) The statements of truth contained on this report are true and proper.
2) The reported analyses, opinions, and conclusions are restricted solely by the reported assumptions and limiting situations and are my private,
neutral, and unbiased skilled analyses, opinions, and conclusions.
Three) I’ve no current or potential curiosity within the property that’s the topic of this report and no private curiosity with respect to the events
concerned.
Four) I’ve no bias with respect to the property that’s the topic of this report or to the events concerned with this project.
5) My engagement on this project was not contingent upon creating or reporting predetermined outcomes.
6) My compensation for finishing this project isn’t contingent upon the event or reporting of a predetermined worth or path
in worth that favors the reason for the shopper, the quantity of the worth opinion, the attainment of a stipulated end result, or the prevalence of a
subsequent occasion instantly associated to the meant use of this appraisal.
7) The reported analyses, opinions, and conclusions had been developed, and this report has been ready, in conformity with the necessities of
the Code of Skilled Ethics & Requirements of Skilled Appraisal Follow of the Appraisal Institute, which embody the Uniform
Requirements of Skilled Appraisal Follow.
eight) The usage of this report is topic to the necessities of the Appraisal Institute regarding overview by its duly licensed representatives.
9) I’ve made a private inspection of the property that’s the topic of this report.
10) Nobody offered important actual property appraisal help to the individual signing this certification.
11) As of the date of the report, I’ve accomplished the Requirements and Ethics Schooling Necessities of the Appraisal Institute for Affiliate
Members.
James Dougherty
03/17/2011
RL001914L
N/A
PA
06/30/2011
Borrower/Shopper
Lender
Kind ID4 — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
N/A 110078
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
James Dougherty Co.
Further Appraiser’s Certification
APPRAISER’S CERTIFICATION: The Appraiser certifies and agrees that:
1) The statements of truth contained on this report are true and proper.
2) The reported analyses, opinions, and conclusions are restricted solely by the reported assumptions and limiting situations and are my private,
neutral, and unbiased skilled analyses, opinions, and conclusions.
Three) I’ve no current or potential curiosity within the property that’s the topic of this report and no private curiosity with respect to the events
concerned.
Four) I’ve no bias with respect to the property that’s the topic of this report or to the events concerned with this project.
5) My engagement on this project was not contingent upon creating or reporting predetermined outcomes.
6) My compensation for finishing this project isn’t contingent upon the event or reporting of a predetermined worth or path
in worth that favors the reason for the shopper, the quantity of the worth opinion, the attainment of a stipulated end result, or the prevalence of a
subsequent occasion instantly associated to the meant use of this appraisal.
7) The reported analyses, opinions, and conclusions had been developed, and this report has been ready, in conformity with the necessities of
the Code of Skilled Ethics & Requirements of Skilled Appraisal Follow of the Appraisal Institute, which embody the Uniform
Requirements of Skilled Appraisal Follow.
eight) The usage of this report is topic to the necessities of the Appraisal Institute regarding overview by its duly licensed representatives.
9) I’ve made a private inspection of the property that’s the topic of this report.
10) Nobody offered important actual property appraisal help to the individual signing this certification.
11) As of the date of the report, I’ve accomplished the Requirements and Ethics Schooling Necessities of the Appraisal Institute for Affiliate
Members.
James Dougherty
03/17/2011
RL001914L
N/A
PA
06/30/2011
Borrower/Shopper
Lender
File No.
Property Tackle
Metropolis County State Zip Code
APPRAISER:
Signature:
Identify:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
SUPERVISORY APPRAISER (provided that required):
Signature:
Identify:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Did Did Not Examine Property
Web page #17
Property Tackle
Metropolis County State Zip Code
Kind SCNLGH — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Copy of Appraiser’s PA State Certification
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Borrower/Shopper
Lender
Kind SCNLGH — “WinTOTAL” appraisal software program by a la mode, inc. — 1-800-ALAMODE
Copy of Appraiser’s PA State Certification
N/A
Itemizing Appraisal Pattern
Newtown Bucks PA 18940
Pattern
Borrower/Shopper
Lender
Property Tackle
Metropolis County State Zip Code
Web page #18

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