Loading...
311 FEE ReportGoodkind & Swift, Inc. Main file No. 31 iFeel Pae #1 LAND APPRAISAL REPORT GGB Proj.#60145 Form LAND—'1NinTOTAL" appraisal software by a la mode, Inc. —1-800-ALAMODE V roe Ivo. 311 Fee Borrower Owner: Peng Tick-Piew• Hermnelinda Census Tract 104.13 Map Reference S12 -T49 -R27 Property Address 2380 Golden Gate Blvd E (folio#39394640008) F City Naples County Collier State FL Zip Code 34120 w Legal Description Golden Gate Estates Unit 51 E 75ft of Tract 153 OR 1502 PG 1904 Sale Price $ N/A Date of Sale NIA Loan Tenn N/A yrs. Property Rights Appraised ® Fee ❑ Leasehold ❑ De Minimis PUD GO Actual Real Estate Taxes $ 109 (yr) Loan charges to be paid by seller $ N/A Other sales concessions N/A Lender/Client Collier County GMD-ROW Address Occupant vacant land Appraiser Harry Henderson SRA Instructions to Appraiser Est.Current Market Value Pond Site GGB proiect Location ❑ Urban ® Suburban ❑ Rural Good Avg. Fair Poor Built Up ❑ Over 75% ® 25% to 75% ❑Under 25% Em to ment Stabil' Growth Rate ❑ Fully Dev. ❑ Rapid ® Steady ❑ Slow to Em to ment LJ 0Property Values ® Increasing ❑ Stable ❑ Declining e to Sho inDemand/Supply ❑Shortage ®In Balance❑ Oversupply to Schoolsp WConveniencee Marketing Time ❑ Under 3 Mos. ® 4-6 Mos. ❑ Over 6 Mos. Public Trans stationc Present 60 %One -Unit %2-4 Unit %Apts. %Condo 5 %Commercial Facilities71 Z Ll F1Xx Land Use %Industrial 35 %Vacant % Utilities m Change in Present ❑Not Likely ® Likely (*) ❑ Taking Place (*) Pro a Com atbili Land Use (*) From vacant To residential Protection from Detrimental Conditions W Z Predominant Occupancy ®Owner ❑ Tenant 5 %Vacant Police and Fire Protection One -Unit Price Range $ 155,000 to $ 320.000 Predominant Value $ 220.000 General A earance of Pro Nes One•Unit Age Range 0 yrs. to 40 yrs. Predominant Age 25 yrs. Appeal to Market ❑ ® ❑ ❑ Comments including those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, view, noise) See attached addenda. Dimensions 75 x 660 = 49.500 (1.14 acres) ❑ Comer Lot Zoning Classification E -Estates Present Improvements ® Do ® Do Not Conform to Zoning Regulations Highest and Best Use ❑ Present Use ® Other (specify) Single-family development as allowed by zoning and consistent with surrounding homes Public Other (Describe) OFF SITE IMPROVEMENTS Topa Level Elec. ® Street Access ® Public ❑ Private Size Compatible with area Gas ❑ Surface Paved Shape Rectangular cc Water ❑ well Maintenance ® Public ❑Private View Residential -Wooded S an. Sewer ❑ septic ❑ Storm Sewer ❑ Curb/Gutter Drainage Appears to be adequate ❑ Underground Elect. & Tel. ❑ Sidewalk ❑ Street Lights Is the property located in a FEMA Special Flood Hazard Area? ® Yes ❑ No Comments (favorable or unfavorable including any apparent adverse easements, encroachments, or other adverse conditions) AE Comm.#12021 C0435H dtd 5/16/12 No adverse conditions observed Existing roadway, drainage and utility easements encumber the subject site frontage these are typical for the area and have a minimal impact on value. The site is densely wooded Parcel 311Fee reflects the acquisition of the subject property in Its entirety. The undersigned has recited the following recent sales of properties most similar and proximate to subject and has considered these in the market analysis. The description includes a dollar adjustment reflecting market reaction to those Items of significant variation between the subject and comparable properties. If a significant item in the comparable property is superior to or more favorable than the subject property, a minus (-) adjustment is made, thus reducing the indicated value of subject; ff a significant hem in the comparable is inferior to or less favorable than the subject property, a plus (+) adjustment is increasing made thus the indicated value of the subject. ITEM i SUBJECT PROPERTY COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 Address 2380 Golden Gate Blvd E N/S 24th Ave NE N/S 4th Ave SE N/S 24th Ave NE Na les FL 34120 Naples, FL 34120 Na les FL 34117 Naples, FL 34120 Proximi to Sub ect 0.54 miles NE 2.22 miles E 2.22 miles NE Sales Price $ N/A $ 25 000 $ 23 000 $ 21 000 Price $/Ac. $ $ ay 21 930/ac $ 20 175/ac $ 18 241/ac Data Source s Ins ection MLS#215041002 OR 5135 PG 2293 MLS#215061761 Z ITEM DESCRIPTION I DESCRIPTION + - $ Ad'ust. DESCRIPTION + - $ Ad'ust. DESCRIPTION + - $ Ad'ust. Date of Sale/Time Ad'. mLocation N/A 11/15 +375 03/15 +1 265 12/15 +210 GGE-w/Ev IdBlvd GGE-w/Ev IdBlvd GGE-w/Ev IdBlvd GGE-w/Ev IdBlvd SiWView 1.14 acres 1.14 acres 1.14 acres 1.14 acres Zoning „�, E -Estates E -Estates E -Estates E -Estates H' hest &Best Use Sin le -Fare Sin le-Fam Sin le-Fam < Sin le -Faro To ra h Level -wooded Level -wooded Level -wooded Level -wooded Street T ThruRt Side Street -2 500 Side Street -2 500 Side Street -2500 Sales or Financing N/A Concessions N/A Indicated Net Ad'. otal + - $ -2125 + - $ -1 235 + - $ -2.290 Value of Subject $ 287 $ 21,765 $ 18 710 Comments on Market Data See attached addenda. Comments and Conditions of Appraisal Sales/Listing History of the subject property. The subject property is not currently listed for sale and has not sold over the past 10 years. No applicable prior sales for the comps. Z Final Reconciliation The Sales Comparison Analysis using recent comparable land sales similar to the subject indicates a fee simple value for the o subject of $22,500 (or $19,737/ac). a A market exposure period of 180 days is assumed for this apDraised value. F, I (WE) ESTIMATE THE MARKET VALUE, AS ED, QF THE ECT PROPERTY AS OF 02/23/2016 TORE$ 22,500 o Appraiser Harr Henderson SRA l/ i Supervisory Appraiser (if applicable) LU Date °C of Signature and Report 02/23/2018 Date of Signature Title Review Appraiser Title State Unification # RD3475 ST FL State Certdication # ST Or State license # ST Or State License # ST — Expiration _ Date of State Certification or License 11/30/2016 Expiration Date of State Certification or Ucense Date of Inspection if applicable) 02/23/2016 F1 n d n n„r nim -- D.,.—.a,. —-1------..-- Form LAND—'1NinTOTAL" appraisal software by a la mode, Inc. —1-800-ALAMODE V Main File Na. 311fee Pa #2 Suololemenfal Arlrlanrlum --------�- rneno.377Fee Borrower/Client Owner: Pang,Tick-Piew; Hermnelinda Propeily Address 2380 Golden Gate Blvd E folio#39394640008 C Naples Coun Collier State FL Zip Code 34120 Lender Collier County GMD-ROW • Land: Neiahborhood Comments The subject is located on the south side of Golden Gate Blvd midway between the Miller Canal and Everglades Boulevard in the Golden Gate Estates area of outlying greater Naples. The neighborhood otherwise consists of Estates -type single-family homes and acreage homesites (lot sizes range from 1.14 acres to 5 acres in the Golden Gate Estates area). Highest and Best Use Analysis Given current zoning (legal non -conforming lot of record considerations included), physical/topographical conditions, current economic conditions/financial feasibility the maximally productive use of the subject lands would be for single-family development (1 home). • Land: Market Data Comments All sales cited involve 1.14 acre Estates -zoned lots located in the GGE area between Wilson Blvd and Everglades Blvd. Time adjustments reflect price increases of 1/2% per month which have been observed in this area over the past 12 months. All are similar to the subject with respect to topographical features, zoning and utility availability. The subject is located on relatively busy Golden Gate Blvd while the comps are located on side streets; the applied adjustment is market derived and reflects typical residential buyer preference for quiet side street locations vs sites on busy routes. The adjusted indicated value for the subject ranges from $18,710 to $22,875; a high-end value of $22,500 is selected as most reasonable for the subject given current market conditions. Estimated Value for Subject: $22,500 (reflects $19,737/acre) Total Compensation, Parcel 311 Fee: $22,500 This appraiser has not previously provided appraisal services involving the subject property. Form TADD—'WinTOTAV appraisal software by a la mode, inc. —1-800-ALAMODE e,......�_1:A :_ _ n — :___ GGB Proj.#60145 r.. .. ",,,,., y .,..,..mieff 37nFBe This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal assignment, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a public -use acquisition through eminent domain. INTENDED USER: Collier County Government, ROW Office DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third parry institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 3. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. OT Hearing and related litigation have been specifically arranged for. 4. The appraiser has noted in this appraisal report any adverse conditions (such as the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent deficiencies or adverse conditions of the property (such as, but not limited to, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 5. If the appraiser has based his or her appraisal report and valuation conclusion for an appraisal subject to certain conditions, it is assumed that the conditions will be met in a satisfactory manner. Form ACR3_DEFD—'WhTOTAU' appraisal software by a la mode, ine. — 1 -800-ALAMODE Main File No. 311 Feel Pae #4 11'orFifirnfinnc GGB Proj.#60145 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. 1 performed a complete visual inspection of the subject property. I reported the site characteristics in factual, specific terms. 3. 1 performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. 1 developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. 5. 1 researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. 1 researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. 1 selected and used comparable sales that are locational, physically, and functionally the most similar to the subject property. 8. 1 have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 9. 1 verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 10. 1 have knowledge and experience in appraising this type of property in this market area. 11. 1 am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 12. 1 obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 13. 1 have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 14. 1 have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 15. 1 stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 16. 1 have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, calor, religion, sex, age, marital status, handicap, familial status, or national origin of eitherthe prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 17. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 18. [personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 19. 1 identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. Form ACR3_DEFD—'1NinTOTAU' appraisal software by a la mode, inc. —1-800-ALAMODE Certifications GGB Proj.#60145 # 311Fee 20. The client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other. media). 21.1 am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 22. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature", as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 23. Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. 1 directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. 1 accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either a sub -contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature", as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as If a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER Signature �� 1 ' Name Harry Henderson SRA Company Name Collier County Growth Management Division Company Address 2885 Horseshoe Drive Naples, FL 34104 Telephone Number 239.252-4857 Email Address harrvhendersona)colliergov.net Date of Signature and Report 02/23/2016 Effective Date of Appraisal 02/23/2016 State Certification # RD3475 or State License # or Other (describe) State # State FL Expiration Date of Certification or License ADDRESS OF PROPERTY APPRAISED 2380 Golden Gate Blvd E (folio#39394640008 SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Name Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of Certification or License 11/30/2016 SUBJECT PROPERTY Naples, FL 34120 APPRAISED VALUE OF SUBJECT PROPERTY $ $22,500 LENDER/CLIENT Name ROW office Company Name Collier County GMD-ROW Company Address 2885 South Horseshoe Or Naples, FL 34104 Email Address ❑ Did not inspect subject property ❑ Did inspect exterior of subject property from street Date of Inspection ❑ Did inspect interior and exterior of subject property Date of Inspection COMPARABLE SALES ❑ Did not inspect exterior of comparable sales from street ❑ Did inspect exterior of comparable sales from street Date of Inspection Form ACR3_DEFD —'W rTOTAL" appraisal software by a la mode, Inc. —1-800-ALAMODE L.oiiier L ounzy rroperzy Appraiser • Property Summary Parcel No. 39394640008 Site Adr. 2380 GOLDEN GATE BLVD E Name / Address PENG, TICK-PIEW=& HERMNELINDA 3046 FALL MIST DR City SAN ANTONIO Map No. Strap No. 4C12 342700 153 14C12 State TX Section Township Range 12 49 27 Legal GOLDEN GATE EST UNIT 51 E 75FT OF TR 153 OR 1502 PG 1904 Miliage Area O 61 Sub./Condo 342700 - GOLDEN GATE EST UNIT 51 Use Code O 0 - VACANT RESIDENTIAL Latest Sales History (Not all Sales are listed due to Confidentiality) Date Book -Page Amount 02/05/90 1502-1904 $ 21,500 11/01/89 1482-1492 $ 2,200 Page 1 of Zip 78247-3228 Acres *Estimated 1.17 Millaae Rates O *Calculations School Other Total 5.48 6.1927 11.6727 2015 Certified Tax Roll (Subject to Change) Land Value $ 11,466 (+) Improved Value $ 0 (_) Market Value $ 11,466 (-) 10% Cap $ 3,963 (_) Assessed Value $ 7,503 (_) School Taxable Value $ 11,466 (_) Taxable Value $ 7,503 If all Values shown above equal 0 this parcel was created after the Final Tax Roll lip://www.collierappraiser.comlmain searchlRecorddetail.html?Map=No&FolioNum=39394640008 2/16/201 Page 1 of 1 http://maps.collierappraiser.comlwebmaploutputICollier 2015_sdeO3l9528148167549.jpg 2/23/2016