RESIDENTIAL BROKER PRICE OPINION

Transcription

1 Loan #: Relationship #: : Subject Parcel #: RESIDENTIAL BROKER PRICE OPINION Borrower's Name: No. of competing listings in neighborhood that are REO or Corporate owned: : LAS VEGAS State: NV Zip: I. GENERAL MARKET CONDITIONS Current market condition: Increasing Stable Declining Employment conditions: Increasing Stable Declining Market price of this type property has: Decreased 2. % in past 6 months Increased % in past months Remained Stable Estimated percentages of owner vs. tenants in neighborhood: 85 % Owner occupant 15 % Tenant There is a Normal Supply Oversupply Shortage of comparable listings in the neighborhood Approximate number of comparable units for sale in neighborhood: 1 No. of boarded or blocked-up homes: II. SUBJECT MARKETABILITY Neighborhood Boundaries defined N of Charleston, E of Sky Vista, S of Desert Moon, W of Desert Forrest UTLS Default Services REO #: This BPO is the Interior 2nd Opinion Updated Exterior DATE: Apr CHS File # County: CLARK Range of sales in the neighborhood is 192 to 284 Total # of Properties 1 Range of listings in the neighborhood is 1949 to 329 Total # of Properties 11 The subject is an Over improvement Under improvement Appropriate improvement for the neighborhood Normal marketing time in the area is: 53 days. Are all types of financing available for the property? Yes No If no, explain Has the property been on the market in the last 12 months? Yes No If yes, list price (include MLS printout) Is the subject currently listed for sale: Yes No Current list price: Listing Date: If listed, provide the brokers name: Michael Hanks Firm: Prudential, Americana Group, Phone # (72) Subjects total DOM for the past year: Starting Listing Price: First price reduction: DOM Price: Second price reduction: DOM Price: Third price reduction: DOM Price: To the best of your knowledge, why did it not sell? Subjects Last Sale Price: Sales Date: Additional Prior Sale Price within past 24 months: Sales Date: Unit Type: Single family detached Condo Co-op Units # SFRD Single family attached Townhouse Modular Mobile home If condo or other association exists: Fee 39 Monthly Annually Current? Yes No Fee delinquent? The fee includes: Insurance Landscape Pool Tennis Other Association Contact: Name: Phone # (72) Project Name: Total Number of units: Legal action Yes No III. COMPETITIVE CLOSED SALES ITEM SUBJECT COMPARABLE NUMBER 1 COMPARABLE NUMBER 2 COMPARABLE NUMBER 3 Address 473 Garrafon Bay St 246 Apennine Pl Revelry Ln LAS VEGAS NV Unit # Proximity to Subject 1.7 Miles 1.26 Miles 1.25 Miles Sale Price Price / Gross Living Area sq.ft. 119 sq.ft. 115 sq.ft. 116 sq.ft. List Price at Sale # of Price Reductions Sale Type (Reo/Short Sale/ Forcl) STANDARD REO REO Sale Date & Feb Dec 6 21 Feb Days on Market VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + (-) Adjustment DESCRIPTION + (-) Adjustment DESCRIPTION + (-) Adjustment Sale or Financing Concessions Location (city/rural) CITY CITY CITY CITY Leasehold/Fee Simple FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE Lot Size.17ac.13ac 1.13ac 1.12ac 1 # of units View Appeal & Quality Single story Single story Single story Single story Year Built Condition Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Room Count Gross Living Area 1925 sq.ft. 196 sq.ft sq.ft sq.ft. 2 Basement & Finished Rooms Below Grade Heating / Cooling Garage / Carport Porch/Patio/Deck Fireplaces Fence, Pool, etc Other / Functional Utility Net Adj.(Total) Adjusted Sale Price of Comparables BPO CHASE 12/9 Patio Fireplace Covered patio Deck, patio Block fece Gated\/fireplace -4 Sold as is\/fireplac Sold as is\/fireplac Covered patio

2 4126 REO #: RESIDENTIAL BROKER PRICE OPINION IV. CURRENT OCCUPANCY STATUS Occupancy Status: Owner Vacant Tenant Ownership Status: Main residence Rented V. MARKETING OCCUPANCY STRATEGY Occupancy Status: Estimated Rent: 16 per month VI. REPAIRS Loan #: Relationship #: UTLS Default Services As-is Minimal Required Repairs Repaired Most Likely Buyer: Owner occupant Investor Itemize ALL repairs needed to bring property from its present "as-is" condition to average marketable condition for the neighborhood. Check those repairs you recommend that we perform for most successful marketing of the property. Interior Painting Interior Structural Interior Appliances Interior Utilities GRAND TOTAL FOR ALL REPAIRS Other Owner Vacant Tenant Other Interior Floors Interior Other Interior Cleaning Exterior Structural Exterior Landscaping File # VII. COMPETITIVE LISTINGS ITEM SUBJECT COMPARABLE NUMBER 1 COMPARABLE NUMBER 2 COMPARABLE NUMBER 3 Address LAS VEGAS NV 82 Paseo Rocoso Pl 811 Paseo Cerro Pl Regal Rock Pl Unit # Proximity to Subject 1 1/2 BLOCKS 1 1/2 BLOCKS.55 Miles List Price Price / Gross Living Area sq.ft. 113 sq.ft. 117 sq.ft. 111 sq.ft. Original List Price # of Price Reductions Verification Sources COUNTY TAX MLS MLS MLS VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + (-) Adjustment DESCRIPTION + (-) Adjustment DESCRIPTION + (-) Adjustment Sale or Financing Concessions Days on Market Location (city/rural) Leasehold/Fee Simple Lot Size View Appeal & Quality Year Built Condition CITY FEE SIMPLE.17ac Single story SUBURBAN FEE SIMPLE.15ac Single story SUBURBAN FEE SIMPLE.2ac Single story SUBURBAN FEE SIMPLE.15ac \/Strip Single story 24-3 Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Room Count Gross Living Area 1925 sq.ft sq.ft sq.ft. 194 sq.ft. Basement & Finished Rooms Below Grade Heating / Cooling Garage / Carport Porch/Patio/Deck Fireplaces Fence, Pool, etc NO Patio Covered patio -2-2 Covered patio -2-2 Courtyard Other / Functional Utility Foreclosure\/firepla Fireplace Fireplace Net Adj.(Total) Adjusted Sale Price of Comparables VIII. THE MARKET VALUE (The value must fall within the indicated value of the Competitive Closed Sales). Market Value Suggested List Price AS IS 9 to 12 day value REPAIRED 9 to 12 day value Quick sale value 2 21 Land Value 6 Last Sale of Subject, Price Date IX. COMMENTS (Include specific positives/negatives, special concerns, encroachments, easements, water rights, environmental concerns, flood zones, etc. Attach addendum if additional space is needed.) Approximatly 7% of all listings and 6% of all sold comparables are either a REO. foreclosure, trustees deed in lieu of, or short sale. Most fair market homes are priced to sell due to the high rate of distressed properties. Subject appears to be in a maintained condition and does conform with the neighborhood. Slow market - lack of relevant comps within one mile of subject. Signature: Date: Apr Firm Name: Prudential, Americana Group, Realtors Phone No.: (72) Address: mikehanks@att.blackberry.net Broker distance to subject Property: 17. Miles BPO CHASE 12/9 Completed By: Fax No.: Broker / Agent Lic #: Years of Experience: Michael Hanks (72)

3 4126 SUBJECT PHOTOGRAPH ADDENDUM Borrower/Client LAS VEGAS County CLARK State NV Zip Code FRONT OF SUBJECT PROPERTY REAR OF SUBJECT PROPERTY STREET SCENE

4 Borrower/Client ADDITIONAL PHOTOGRAPH ADDENDUM County State NV Zip Code PHOTO (LIST 1) PHOTO (ADDR VERIFICATION) PHOTO (SIDE)

5 Borrower/Client E DR ADDITIONAL PHOTOGRAPH ADDENDUM County State NV Zip Code PHOTO (LIST 3) PHOTO (LIST 2)

6 4126 COMPARABLES PHOTOGRAPH ADDENDUM (Comps 1-3) Borrower/Client LAS VEGAS County CLARK State NV Zip Code Comparable Sale Garrafon Bay St Date of Sale: Feb Sale Price: 226 Sq. Ft.: 196 / Sq. Ft.: 119 Comparable Sale Apennine Pl Date of Sale: Dec 6 21 Sale Price: 217 Sq. Ft.: 1884 / Sq. Ft.: 115 Comparable Sale Revelry Ln Date of Sale: Feb Sale Price: 218 Sq. Ft.: 1884 / Sq. Ft.: 116

7 LISTING COMPARABLE PHOTOGRAPH ADDENDUM 4126 Borrower/Client LAS VEGAS CLARK County State NV Zip Code PHOTO (LIST 2) PHOTO (LIST 3)

8 4126 LOCATION MAP ADDENDUM Borrower/Client LAS VEGAS County CLARK State NV Zip Code 89138

9 4126 This document was generated on: 4/29/211 12:29:34 PM