BORROWER:
LOAN #:
Property Address: / 2103 locust street / City: / Terre haute / State: / In / Zip Code: / 47807
The above premises was inspected on: / 09/01/2014 / by: / Bill Crawford
The property was: / x Vacant / Occupied
Is the exterior in good repair? / Yes / x No / Is the house & yard free from debris? / Yes / x No
Has the property been boarded, screened, or otherwise secured? / Yes / x No / Keybox Yes x No
Has the property been vandalized? / Yes / x No
Details: / The yard is overgrown with weeds and brush, the exterior appears to be suffering from deferred maintenance and neglect.
Exterior repairs needed (in order of importance) to market property. Give a "best knowledge" estimate of costs.
Yard clean up / $1500.00
Exterior repairs possible siding replacement / $7500.00
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x Color Exterior/Interior Photos Attached
NEIGHBORHOOD DATA
Property Values: / Increasing / Declining / xx Stable
Supply/Demand: / Shortage / x Abundance / Normal
Marketing Time: / Under 3 Months / x 4 - 6 Months / Over 6 Months
Price Range: (Neighborhood) / High / $45,000.00 / Low / $5000.00
Number of houses in Direct Competition with Subject: / 6 / Number of sales in the past 6 months: / 3
Appraisal/Room count provided by lender: / Yes / x No
SUBJECT PROPERTY
Address / Style / Age / SQ FT / # Rms / # BRs / # Baths / Gar/CP / List Price / List Date / Fin Terms
2103 locust street / Bungalow / 124 / 1104 / 5 / 2 / 1 / None / Na / Na / na
CURRENT HOMES FOR SALE
Competitive Listings / Style / Age / SQ FT / # Rms / # BRs / # Baths / Gar/CP / List Price / List Date / Days on Market / Prox to
Subject
2130 plum st / Bungalow / 98 / 1040 / 5 / 3 / 1 / Na / 23900 / 08/29/14 / 5 / .65
2427 3rd ave / Bungalow / 119 / 981 / 5 / 2 / 1 / 2ca det / 25000 / 08/21/14 / 13 / .42
1556 3rd ave / Bungalow / 92 / 1204 / 6 / 3 / 1 / Na / 31965 / 07/27/14 / 38 / .38
CLOSED PROPERTIES
Competitive Sales / Style / Age / SQ FT / # Rms / # BRs / # Baths / Gar/CP / List Price / Sale Price / Date Closed / Days on Market / Prox to
Subject
1509 eagle st / Bungalow / 114 / 992 / 6 / 3 / 1 / Na / 24900 / 22000 / 01/24/14 / 66 / .39
1427 6th ave / bungalow / 97 / 1160 / 7 / 3 / 1 / 2ca det / 28500 / 26000 / 05/09/14 / 48 / .37
2317 tippecanoe street / Bungalow / 19 / 1096 / 7 / 3 / 1 / Na / 44900 / 43550 / 06/02/14 / 69 / .35
Please supply comps even if distance is a factor. Explain any absence of available comps, i.e., no sales, etc.:
Sold comp 3 was an exception to the rule but as new as it is shows the lower values in the subjects neighborhood.
PROPERTY VALUES
For Ninety (90) Day Market Period: / 27000 / As Is Condition: / $27000
Repaired: / $30000
For Thirty (30) Day Market Period: / 17000 / Quick Sale: / $17000
Recommended List Price: / $29000
MARKETABILITY
What current market conditions will affect the sale of the home? Available financing?
Current condition will affect values as well as the large number of properties in the area that are either reo or vacant also the number of rental units in the area
What are the positives/negatives of the property?
Close to shopping and schools . the condition of the property and the lack of maintenance of neighboring properties
How do the comps that were used compare to the subject?
Most were slightly better in condition
Note specific items that could be a potential problem:
Noe could be noted from an exterior drive by
Submitted By: / Bill Crawford / Company: / Crawford Realty
Phone: / 812-466-7265 / Fax: / 812-460-1858
Address: / 9700 Atherton street / City/State: / Rosedale Indiana / Zip: / 47874
Checklist of Damages
Is there any vandalism?: Yes No If yes, Where?
Is there any graffiti?: Yes No If yes, Where?
Is there any damage that appears to be caused by an act of nature?:
Yes No If yes, Where?
Are there any broken windows?: Yes No If yes, Where?
Are there any broken doors?: Yes No If yes, Where?
Does anything appear to be missing? (i.e., HVAC, door knobs, fencing) :
Yes No If yes, Where?
What is the condition and approx. age of roof?:
Yes No If yes, Where?
The roof appears to be in fair condition and has reached its life expectancy as viewed from the road
Is this home boarded? :
Yes No If yes, Where?
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