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Appraisal - 49 Bannbury Ln Palm Coast, FL 32137.pdf
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| Property | 49 Bannbury Ln, Palm Coast, FL 32137 |
|---|---|
| Folder | Appraisal |
| Kind | |
| Updated | 2024-06-10 |
| Dropbox path | 01 - Appraisal/Appraisal - 49 Bannbury Ln Palm Coast, FL 32137.pdf |
What This File Appears To Be
APPRAISAL OF REAL PROPERTY LOCATED AT 49 Bannbury Ln Palm Coast, FL 32137 See attached addenda. FOR Max Ball OPINION OF VALUE 342,000 AS OF 05/22/2024 BY Melodye Praise Dunlop Dunlop Home Valuations 1 La Costa Ct Ormond Beach, FL 32174 (407) 242-9830 praiseappraisals@outlook.com Form GA1V - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Melodye Praise Dunlop, LLC MARKET AREA DESCRIPTION ASSIGNMENT SUBJECT RESIDENTIAL APPRAISAL REPORT Property Address: 49 Bannbury Ln County: Flagle
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APPRAISAL OF REAL PROPERTY LOCATED AT 49 Bannbury Ln Palm Coast, FL 32137 See attached addenda. FOR Max Ball OPINION OF VALUE 342,000 AS OF 05/22/2024 BY Melodye Praise Dunlop Dunlop Home Valuations 1 La Costa Ct Ormond Beach, FL 32174 (407) 242-9830 praiseappraisals@outlook.com Form GA1V - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Melodye Praise Dunlop, LLC MARKET AREA DESCRIPTION ASSIGNMENT SUBJECT RESIDENTIAL APPRAISAL REPORT Property Address: 49 Bannbury Ln County: Flagler Legal Description: See attached addenda. Assessor's Parcel #: 07-11-31-7012-00060-0250 Tax Year: 2023 R.E. Taxes: $ 809 Special Assessments: $ 0 Borrower (if applicable): Max Ball Manufactured Housing Current Owner of Record: Occupant: Owner Tenant Vacant Yhome Nursing LLC Project Type: PUD Condominium Cooperative Other (describe) HOA: $ 0 per year per month Market Area Name: Map Reference: 19660 Census Tract: 0602.19 PALM COAST SEC 12 The purpose of this appraisal is to develop an opinion of: Market Value (as defined), or other type of value (describe) This report reflects the following value (if not Current, see comments): Current (the Inspection Date is the Effective Date) Retrospective Prospective Approaches developed for this appraisal: Sales Comparison Approach Cost Approach Income Approach (See Reconciliation Comments and Scope of Work) Property Rights Appraised: Fee Simple Leasehold Leased Fee Other (describe) Intended Use: Estimate the market value of the subject property for purposes of a private purchase. Intended User(s) (by name or type): Max Ball Client: Max Ball Appraiser: Melodye Praise Dunlop Location: Urban Suburban Built up: Over 75% 25-75% Growth rate: Rapid Stable Property values: Increasing Stable Demand/supply: Shortage In Balance Marketing time: Under 3 Mos. 3-6 Mos. Address: 49 Bannbury Ln, Palm Coast, FL 32137, Palm Coast, FL 32137 Address: 1 La Costa Ct, Ormond Beach, FL 32174 Rural Under 25% Slow Declining Over Supply Over 6 Mos. Predominant Occupancy One-Unit Housing Present Land Use Change in Land Use Not Likely 80 % Owner 100 Likely * In Process * 5% Tenant 175 Low 0 5 % * To: Vacant (0-5%) 960 High 52 5% Vacant (>5%) 330 Pred 1 Vacant 5% Market Area Boundaries, Description, and Market Conditions (including support for the above characteristics and trends): Bounded on Matanzas Woods Pkwy to the north, on Royal Palms Pkwy to the south, on Interstate 95 to the east, and on US1 the west. General market conditions are stable. Sales concessions occur, but are not typical. Interest rates are stable, and mortgage funds are available. A healthy local economy is evidenced by on-going demand for both new and existing homes. Financing includes Conventional, FHA, and VA mortgages with local interest rates averaging around 6.9% for 30 year fixed loans. PRICE $(000) Dimensions: 80 x 125 Zoning Classification: SFR-3 Are CC&Rs applicable? Yes Highest & Best Use as improved: SITE DESCRIPTION File No.: 24114 State: FL Zip Code: 32137 City: Palm Coast No Unknown Present use, or Zoning Compliance: Legal Have the documents been reviewed? Other use (explain) AGE (yrs) One-Unit 2-4 Unit Multi-Unit Comm'l Site Area: 10,000 sf Description: Single Family Residential Legal nonconforming (grandfathered) Illegal Yes No Ground Rent (if applicable) $ No zoning / Actual Use as of Effective Date: Summary of Highest & Best Use: Use as appraised in this report: Single Family Residential Single Family Residential Single Family Residential--the highest and best used is based on those uses that are physically possible, legally permissible, financially feasible, and maximally productive. Type Public Private Topography Public Other Provider/Description Off-site Improvements Typical for area Size Electricity Street City Asphalt 80 x 125 Shape Gas Curb/Gutter None None Rectangular Drainage Water Sidewalk City None Appears adequate View Sanitary Sewer Street Lights Luminescent City Residential Storm Sewer Alley City None Other site elements: Inside Lot Corner Lot Cul de Sac Underground Utilities Other (describe) FEMA Spec'l Flood Hazard Area Yes No FEMA Flood Zone X FEMA Map # 12035C0128E FEMA Map Date 6/6/2018 Site Comments: At the time of the inspection, there were no known adverse environmental conditions present on the site or in the immediate Utilities DESCRIPTION OF THE IMPROVEMENTS vicinity of the subject. Site size and flood zone designation are subject to survey of the subject property. General Description Exterior Description Foundation Basement Heating FWA None # of Units Slab Area Sq. Ft. Type Acc.Unit Foundation 1 Concrete Concrete Central # of Stories Exterior Walls Crawl Space % Finished Fuel 1 CBS None Electric Type Det. Att. Roof Surface Basement Ceiling ArchShgl None Cooling CAC Design (Style) DT1;Ranch Gutters & Dwnspts. None Sump Pump Walls None Existing Proposed Und.Cons. Window Type Dampness Floor Central X VinylSglHung None Actual Age (Yrs.) Storm/Screens Settlement None Noted Outside Entry Other 1 Nylon Effective Age (Yrs.) 1 Infestation None Noted Interior Description Appliances Attic Car Storage None Amenities None Floors Refrigerator Stairs Fireplace(s) # Woodstove(s) # Garage # of cars ( Vinyl, Carpet 0 0 4 Tot.) Walls Range/Oven Drop Stair Patio Attach. Drywall Rear 2 Trim/Finish Disposal Scuttle Deck Detach. Wood None Bath Floor Dishwasher Doorway Porch Entry Blt.-In Vinyl Bath Wainscot Fiberglass Fan/Hood Floor Fence None Carport Doors Microwave Heated Pool Driveway Wood None 2 Washer/Dryer Finished Surface Concrete Finished area above grade contains: 8 Rooms 3 Bedrooms 2.0 Bath(s) 1,547 Square Feet of Gross Living Area Above Grade Additional features: Covered entry porch, stainless steel appliances. Describe the condition of the property (including physical, functional and external obsolescence): There was no functional or external obsolescence noted during the appraisal investigation. The improvements have been very recently constructed. The entire structure and all components are like new and the dwelling features minimal physical depreciation due to normal wear and tear. Although I am not a state licensed building inspector, no repairs appeared to be necessary. Without benefit of a building inspection, I am assuming that none are needed. Formica countertops, easy clean showers, carpet bedrooms. Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. Form GPRES2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 3/2007