← 75 Boulevard NE Unit 1 Atlanta, GA 30312 · All properties

Appraisal - 75 Boulevard NE Unit 1, Atlanta, GA 30312 - 75 Boulevard NE Unit 1 Atlanta, GA 30312.pdf

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

APPRAISAL REPORT OF 75 Boulevard NE Atlanta, GA 30312 PREPARED FOR Prosper Nwankpa 75 Boulevard NE Atlanta, GA 30312 AS OF 04/13/2023 PREPARED BY 1 Force Pro Appraisals, Ltd. Co P.O. BOX 54046 Atlanta, GA 30308 1 Force Pro Appraisals, Ltd. Co File No. Case No. Uniform Residential Appraisal Report 042023111 IMPROVEMENTS SITE NEIGHBORHOOD CONTRACT SUBJECT The purpose of this appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of

Text Preview

APPRAISAL REPORT
OF

75 Boulevard NE
Atlanta, GA 30312

PREPARED FOR
Prosper Nwankpa
75 Boulevard NE
Atlanta, GA 30312

AS OF
04/13/2023

PREPARED BY
1 Force Pro Appraisals, Ltd. Co
P.O. BOX 54046
Atlanta, GA 30308

1 Force Pro Appraisals, Ltd. Co

File No.
Case No.

Uniform Residential Appraisal Report

042023111

IMPROVEMENTS

SITE

NEIGHBORHOOD

CONTRACT

SUBJECT

The purpose of this appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.
Atlanta
30312
Property Address 75 Boulevard NE
City
State GA Zip Code
N/A
Prosper Nwankpa
Clayton
Owner of Public Record
County
Borrower
Legal Description See Attached Legal Description
14 004600123346
2022
6,101
Tax Year
R.E. Taxes $
Assessor's Parcel #
12060
0029.00
Neighborhood Name City of Atlanta
Map Reference
Census Tract
0
0
Vacant Special Assessments $
PUD
HOA $
Occupant X Owner
Tenant
per year
per month
Property Rights Appraised X Fee Simple
Leasehold
Other (describe)
Purchase Transaction
Refinance Transaction X Other (describe) Ascertain fair market value
Assignment Type
Lender/Client Prosper Nwankpa
Address 75 Boulevard NE, Atlanta, GA 30312
Is the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal?
Yes X No
Report data source(s) used, offerings price(s), and date(s). MLS
I
did
performed.

did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not

Contract Price $
Date of Contract
Is the property seller the owner of public record?
Yes
No Data Source(s)
Is there any financial assistance (loan charges, sale concessions, gift or down payment assistance, etc.) to be paid by any party on behalf of the borrower?
If Yes, report the total dollar amount and describe the items to be paid.

Yes

No

Note: Race and the racial composition of the neighborhood are not appraisal factors.
Neighborhood Characteristics
One-Unit Housing Trends
One-Unit Housing Present Land Use %
X Suburban
50 %
Location
Urban
Rural
Property Values
Increasing X Stable
Declining
PRICE
AGE
One-Unit
05 %
(yrs) 2-4 Unit
Built-Up X Over 75%
25-75%
Under 25% Demand/Supply X Shortage
In Balance
Over Supply $ (000)
X Stable
0
05 %
Growth
Rapid
Slow
Marketing Time X Under 3 mths
3-6 mths
Over 6 mths 235 Low
Multi-Family
1,775 High
80
35 %
Neighborhood Boundaries The subject is bound to the North by Ponce de Leon; East by Hwy 23; South by
Commercial
I-20; and West by Hwy 29. These boundaries were set at inspection.
735 Pred. 15
Other Vacant 05 %
Neighborhood Description The subject appears to receive average market acceptance. All employment, schools, and support facilities are within typical
market expected proximity. No apparent location factors affecting marketing or value were noted at inspection. The subject is located in a neighborhood
of single, multi family, and commercial properties.
Market Conditions (including support for the above conclusions) MLS sale records indicate stable property values in recent years. The trend has been property
values increasing supply and demand resulting in home sales in decreased time. Balance in sales creates good supply and demand. Exposure time is
steady, generally within 3 months. Conducive financing is available at variable interest rates.
18x41
738 sf
Rectangular
B;CtySky;CtyStr
Dimensions
Area
Shape
View
OI
Specific Zoning Classification
Zoning Description Office Institutional District
Zoning Compliance X Legal
Legal Nonconforming (Grandfathered Use)
No Zoning
Illegal (describe)
Is the highest and best use of subject property as improved (or as proposed per plans and specifications) the present use? X Yes
No If No, describe.
Utilities Public Other (describe)
Public Other (describe)
Off-site Improvements--Type
Public Private
X
X
Electricity X
Water
Street Asphalt
X
X
X
Gas
Sanitary Sewer
Alley Gravel
FEMA Special Flood Hazard Area
Yes X No FEMA Flood Zone X
FEMA Map # 13121C0263G
FEMA Map Date 09/18/2013
Are the utilities and/or off-site improvements typical for the market area? X Yes
No If No, describe.
Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)?
Yes X No If Yes, describe.

General Description
Foundation
Exterior Description
materials/condition Interior
materials/condition
Units X One
One with Accessory Unit X Concrete Slab
Crawl Space Foundation Walls Slab/Good
Floors
Hardwood/Good
4brick/Good
Drywall/Good
# of Stories 4
Walls
Full Basement
Partial Basement Exterior Walls
0
Type
Det.
Att. X S-Det./End Unit Basement Area
sq. ft. Roof Surface
Trim/Finish Wood/Good
Tar/Good
X Existing
0
Proposed
Under Const. Basement Finish
% Gutters & Downspouts Aluminum/Good
Bath Floor Tile/Good
InsDblHung/Good
Design (Style) Townhouse
Outside Entry/Exit
Sump Pump Window Type
Bath Wainscot Tile/Good
2021
Year Built
Car Storage
None
Evidence of
Infestation
Storm Sash/Insulated Yes/Yes
Yes/Good
Effective Age (Yrs) 0
Dampness
Settlement
Screens
Driveway # of Cars 0
Attic
None
Heating X FWA
Woodstove(s) # 0 Driveway Surface Concrete
HWBB
Radiant Amenities
X Drop Stair
Gas
X Garage # of Cars 2
Stairs
Other
Fuel
Fence None
Fireplace(s) # 0
Floor
Scuttle
Cooling X Central Air Conditioning X Patio/Deck Roof X Porch Cvd
Carport # of Cars 0
X Built-in
Finished
Heated
Individual
Other
Pool None
Other None
Att.
Det.
Appliances X Refrigerator X Range/Oven X Dishwasher X Disposal X Microwave X Washer/Dryer
Other (describe)
6
3
3.1 Bath(s)
2,070
Finished area above grade contains:
Rooms
Bedrooms
Square Feet of Gross Living Area Above Grade
Additional features (special energy efficient items, etc.) Standard energy efficient equipment for this quality home.
C2;No updates in the prior 15 years;No updates in the
Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.).
prior 15 years;The subject property appears to be in average condition. No updates nor renovations have been made since construction in 2018. No
functional nor external obsolences were noted at the time of inspection. No major deferred maintenance were noted at the time of inspection. No
apparent physical deficiencies or adverse conditions affecting the livability, soundness, or structural integrity were noted at the time of inspection. Such
items are often beyond the expertise of the Appraiser therefore a complete home and pest inspection are recommended.
Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property?
Yes X No If Yes, describe

Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)?

X Yes

No If No, describe

Freddie Mac Form 70 March 2005
UAD Version 9/2011 Produced by ClickFORMS Software 800-622-8727

Fannie Mae Form 1004 March 2005
Page
1 of 28