Exterior BPO. I. General Conditions

Transcription

1 Exterior BPO Property Address: 1019 w eastland, NASHVILLE, TN Borrower Smith Karen D Inspection Date 8/25/2015 Effective Date 8/27/2015 APN Loan # 5762 Order ID Company Paradise Realtors LLC Name Ahmad Washington Phone Fax [email protected] Address 2740 Old Elm Hill Pike NASHVILLE TN Distance from the Subject 5.19 Miles I. General Conditions Property Type SFR Occupancy Owner # Of Units 1 Data Source Tax Records Property Condition Average HOA No HOA Fees $ HOA Assoc. Name Phone Fees Include Monthly Rental Value $1,379 Subject Description The subject appears to be in average condition with no signs of deferred maintenance visible from exterior inspection. Repairs Category Cost Category Cost Exterior Paint $ Foundation $ Siding / Trim Repair $ Fencing $ Exterior Doors $ Landscaping $ Windows $ Pool $ Garage $ Other $ Roof / Gutters $ Other $ Fire Damage $ Other $ Total Estimated Exterior Repairs $0 Subject Condition and Repair Comments No repairs needed.

2 II. Subject Sales and Listing History Currently Listed? No By: / / List Date Orig List Price Current List Price MLS# $ $ Prior History (36 Month) Original List Price Original List Date DOM Date Listed Date Sold List Price Sale Price Notes $ $ $ $ $ $ III. Neighborhood Market Data Analysis of Current and Prior Listing History: None Location Suburban Local Economy is Stable Housing Supply is In Balance Number of Lisiting is Stable Normal Marketing Time 3-6 Months Total # of Active Listings in the subject's specific MLS district 12 Total # of Sales in the subject's specific MLS district in the past 12 months 7 # of REO Sales in the subject's specific MLS district in the past 12 months 2 # of Boarded Properties on Subject Street 0 # of Rentals on the market in the subject's specific MLS district 4 Predominant Occupancy Owner Market for this type of property Remained Stable Market for this type of property REO% 2 Market for this type of property Short Sale % 4 Range of Value is this area: Low: $65,900 High: $475,900 Pride of Ownership Average Does agent feel there will be a Resale Problem? No Reason there will be a Resale Problem: Do any environmental issues affect the value of the property? No Resale Problem. Neighborhood Comments The subject is located in a suburban location that has close proximity to schools, shops and major highways. The market is currently Stable. The average marketing time for similar properties in the subject area is 48 days.

3 IV. Marketing Strategy Day Value Repaired Value 30 Day Value Suggested List Price $299,900 $299,900 $286,900 Probable Sales Price $287,900 $287,900 $275,900 Comments Regarding Pricing Strategy The subject should be sold in as-is condition. The market is currently Stable in the neighborhood. An aggressive price strategy is recommended to try to attract potential buyers in the area. Inventory is very low and there are not enough homes on the mark subject. Few comps available, the comps chosen were the best available and closest to the GLA, lot size and age as the subject. Subject's last known sale date is 08/25/1987 and the price is $44,000. The address was not posted anywhere on the subject, it was verified through tax records, So I uploaded the street sign photo for the address verification. Unique Property Conditions The attached Broker Price Opinion (BPO) has been completed outside of The Uniform Standards of Professional Appraisal Practice (USPAP). The BPO is an evaluation tool and is not considered an appraisal of the market value of the property - it is an opinion of the probable sales price. SingleSource completes BPO requests for property listing, REO analysis, loan due diligence, modifications, etc to aid our servicing customers. SingleSource BPO reports are not eligible or appropriate for loan origination purposes.

4 V. Current Listings Subject Listing #1 Listing #2 Listing #3 Street Address 1019 w eastland 910 Petway Ave 1118 Chester Ave 1507 Douglas Ave City NASHVILLE Nashville Nashville Nashville State TN TN TN TN Zip Code Miles to Subject Community Name Eastwood W A Sharpes/Hooker Chesterfield Place Dr E T Browns/Brownsville Data Source Tax Records MLS MLS MLS MLS Number Original List Date 08/01/ /12/ /23/2015 Original List Price 280, , ,000 Current List Price 280, , ,000 Listing Type Arms Length Arms Length Arms Length Arms Length Days On Market Year Built Condition Average Average Average Average View Residential Residential Residential Residential Style/Design 1 Story/Ranch 1 Story/Ranch 1 Story/Ranch 1 Story/Ranch # of Units Gross Living Area 1,547 1,695 1,546 1,296 Bedrooms Baths/Half Baths Basement No No No Yes Basement Finished Crawl Crawl Crawl Partial/Finished Total Room # Garage/Carport 1 Detached 0 On Street 0 On Street 0 On Street Lot Size 0.17 Acres 0.18 Acres 0.27 Acres 0.24 Acres Other Porch Patio, Porch Deck, Fence Deck, Fireplace, Fence Comments on Listing Comparables Convection Oven, Dishwasher, Disposal, Gas Appliances, Microwave Hood, Oven, Range, Tank less Water Heater, Refrigerator, Patio, Porch. Kitchen has white cabinets, solid surface counter tops, breakfast bar, separate eating area and opens to family room with volume ceilings giving a very open and bright feeling. Master bedroom on one side of the home has hard wood floors. 3 Bedroom 2 Bath home with Kitchen is light and bright with white cabinets and appliances. Living room is spacious with ceramic tile, formal dining area, Deck, Fireplace, Fenced.

5 VI. Recent Sales Subject Sale #1 Sale #2 Sale #3 Street Address 1019 w eastland 1024 W Eastland Ave 1623 Ordway Pl 412 Rudolph Ave City NASHVILLE Nashville Nashville Nashville State TN TN TN TN Zip Code Miles to Subject Community Name Eastwood Eastwood Webber & McEwen Lockeland Springs Data Source Tax Records MLS MLS MLS MLS Number Original List Price $ $279,900 $292,700 $329,900 Original List Date 05/04/ /15/ /16/2015 List Price at Sale $ $279,900 $292,700 $309,900 Sale Price $ $279,900 $292,700 $300,000 Closing Date 5/5/2015 7/27/2015 4/20/2015 Type of Financing Conv Conv Conv Conv Type of Sale Arms Length Arms Length Arms Length Arms Length Days On Market Year Built Condition Average Average Average Average View Residential Residential Residential Residential Style/Design 1 Story/Ranch 1 Story/Ranch 1 Story/Ranch 1 Story/Ranch # of Units Gross Living Area 1,547 1,298 1,506 1,597 Bedrooms Baths/Half Baths Basement No No Yes No Basement Finished Crawl Crawl Partial/Unfinished Crawl Total Room # Garage/Carport 1 Detached 0 On Street 0 On Street 1 Carport Lot Size 0.17 Acres 0.21 Acres 0.13 Acres 0.14 Acres Other Porch Deck, Firepalce Fireplace, Fence, Patio, Deck Porch, Fireplace Overall Adjustment $3,990 $-4,000 $-9,500 Adjusted Value $283,890 $288,700 $290,500 Comments on Sale Comparables Adjustment: GLA/+2490, Garage/+3000, Amenities/ bedroom 1 bathroom home that opens upto the foyer and living room area. Kitchen is equipped with plenty of counter top space, all appliances including refrigerator, stove, and microwave. Adjustment: Age/-1000, Basement/-1500, Garage/+3000, Amenities/ Central Heat, Central Cooling, 2 bedroom, 1 full bathroom, roof, Wood Floor, Master bedroom and bathroom, Storage Building, Electric Range, Gas Oven, Fireplace, Fence, Patio, Deck. Adjustment: GLA/-500, Beds/-4000, Baths/-5000, Carport/+1500, Amenities/ Kitchen, and master bathroom. Fireplace in the living room, Refrigerator, Storage Building, Covered Porch, Shower Only, Electric Range, Carpet, Wood, Tile Floor.

6 VII. Subject Photograph Addendum Subject Front Subject Front Subject Street Subject Street Subject Address Subject Address VIII. Current Listings Photograph Addendum

7 Current Listing Petway Ave Orig List Date: 08/01/2015 List Price: $280,000 Sq. Ft.: 1,695 Miles to Subject 0.24 Current Listing Chester Ave Orig List Date: 08/12/2015 List Price: $281,118 Sq. Ft.: 1,546 Miles to Subject 0.84 Current Listing Douglas Ave Orig List Date: 08/23/2015 List Price: $319,000 Sq. Ft.: 1,296 Miles to Subject 0.97

8 IX. Recent Sales Photograph Addendum Recent Sale W Eastland Ave Closing Date: 5/5/2015 Sale Price: $279,900 Sq. Ft.: 1,298 Miles to Subject 0.01 Recent Sale Ordway Pl Closing Date: 7/27/2015 Sale Price: $292,700 Sq. Ft.: 1,506 Miles to Subject 0.69 Recent Sale Rudolph Ave Closing Date: 4/20/2015 Sale Price: $300,000 Sq. Ft.: 1,597 Miles to Subject 0.67

9 XI. Map