Single Family Residence Appraisal
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COMPLETE APPRAISAL
ON THE
Single Family Residence
LOCATED AT
2151 West Coronet Ave
Anaheim, CA 92801
AS OF
December 5, 2005
PREPARED FOR
Jimenez Marisol
Sanchez Manuel Salvador
2151 West Coronet Ave
Anaheim, CA 92801
PREPARED BY:
Michael Dopler
Jennifer Caballero
Thy Khong
Micah Anderson
Christian Benigno
WAYNE FOSS APPRAISALS, INC.
1303 WEST VALENCIA DRIVE
FULLERTON, CALIFORNIA 92833-4092
December 8, 2005
Jimenez Marisol
Sanchez Manuel Salvador
2151 West Coronet Ave
Anaheim, CA 92801
Complete Appraisal
Dear Mrs. Jimenez:
Attached to this letter you will find a copy of our complete appraisal on the single family residence located at:
2151 West Coronet Ave
Anaheim, CA 92801
This complete appraisal was prepared to conform with Standard Rule 2-2(a) of the Uniform Standards of Professional Appraisal Practice published by the Appraisal Foundation. Standard Rule 2-2(a) sets forth the reporting requirements for a self-contained appraisal report. All information significant to the solution of the appraisal problem is presented in this report. Data that was furnished by you is stated in the body of the accompanying report.
The Departure Provision of the Uniform Standards of Professional Appraisal Practice has not been invoked for the development of the analysis contained in this report. This report by definition is a complete appraisal, prepared as a self-contained appraisal report. The report is presented in conformance with Standard Rule 2-2(a).
The value opinion expressed herein is based on the fee simple interest as held by the owner of this property.
The purpose of this appraisal is to estimate to current market value of the subject property. The self-contained appraisal was prepared for evaluation analysis of single family residence located at 2151 West Coronet Ave., Anaheim, CA 92801. The value opinion expressed in the report that accompanies this letter is based on the definition of value as expressed in the report, and is subject to the assumptions, limiting conditions and certifications contained therein. No part of the contents or opinions stated herein should be released to any potential seller, buyer, loan broker, real estate agent or any other 3rd party.
Unless otherwise stated in this report, the existence of hazardous materials, which may or may not be present on the property, was not observed by the appraiser. The appraiser has no knowledge of the existence of such materials on or in the property. The appraiser, however, is nor qualified to detect such substances. The presence of substances such as asbestos, urea-formaldehyde foam insulation, and other potentially hazardous materials may affect the value of the property. The value estimated is predicated on the assumption that there is no such material on or in the property that would cause a loss in value. No responsibility is a assumed for such conditions or for any expertise or engineering knowledge required o discover them. The intended user is urged to retain an expert in this field, if desired.
The subject property was valued based on its condition as observed on the date of inspection.
Unless otherwise stated in the appraisal report, the appraisers have made an onsite inspection of the subject property and have completed all of the necessary investigation and analysis of market data. Based upon our analysis of the available information, it is our opinion that the market value of the subject property, herein described as of December 5, 2005 is: $ 550,000
AS CURRENTLY IMPROVED
$ 550,000
It has been a pleasure to assist you in this assignment. If you have any questions concerning the analysis, or if Wayne Foss Appraisals, Inc. can be of further service, please contact us.
Sincerely,
Michael Dopler
Jennifer Caballero
Thy Khong
Micah Anderson
Christian Benigno
WF/:lmm
Attachment
Distribution:
3 copies to 1 to, each of the following Lenders, Loan Officer, Borrower.
EXECUTIVE SUMMARY
The purpose of this appraisal is to provide a Market Value estimate for the subject property 2151 W Coronet Ave in Anaheim, Ca. We were contacted by Surfside Mortgage to provide this complete self contained appraisal so they could evaluate a pending loan application on the property.
The subject property is a single family residence located at 2151 W Coronet Ave in Anaheim, California. The property is improved with a three bedroom two bathroom home and a detached garage. The home suffers from little or no deferred maintenance and as such enjoys a very low effective age relative to its actual age.
In preparing this report we have analyzed data from several sources including the local MLS, DataQuick, the City of Anaheim web page, and several other sources.