MANUFACTURED / MOBILE HOME IN PARK APPRAISAL REPORT

FHA/VA Case No.
File #
Identification
Borrower
Census Tract
Map Reference
Unit No.
Address
Project Name/Phase No.
City
County
State
Zip Code
Make
Model
Year
Serial No.
Property Rights Appraised    
Length
Width
Tip-out
Wanigan
Porches
Decks
Lender/Client
Lender's Address
Occupant
Appraiser
Instructions to Appraiser
Sale Price
Date of Sale
Loan Terms
Actual R.E. Taxes
Neighborhood Location
NEIGHBORHOOD RATING Good Avg. Fair Poor
Built up
Adequacy of Shopping
Growth rate
Employment Opportunities
Property values
Recreational Facilities
Demand/supply
Adequacy of Utilities
Marketing time
Property Compatibility
Present Land Use
% 1 Family
% 2-4 Family
% Apts.
% Condo
% Commercial
% Industrial
% Vacant
% MBHM's
Protection from Detrimental Conditions
Police and Fire Protection
Change in Present Land Use:
General Appearance of Properties
(*) From To
Appeal to Market
Predominant Occupancy:
% Vacant
Mobile Homes:
Price Range $
to $
Predominant $
FEMA Special Flood Hazard Area    
Age yrs.
to yrs.
Predominant yrs.
FEMA Zone
Map Date
Single Family:
Price Range $
to $
Predominant $
FEMA Map No.
Age yrs.
to yrs.
Predominant yrs.
Describe potential for additional MBHM Parks units in nearby area
Note: Race and the racial composition of the neighborhood are not appraisal factors.
Neighborhood bounderies and characteristics:
Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.):
Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, and marketing time -- such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.):
Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the immediate vicinity of the subject property:
Project Rating Complete only if subject is located in a Mobile Home Park. PROJECT RATING Good Avg. Fair Poor
Name
Location
No. of Mobile Homes
Density per Acre
General Appearance
Zoning Classification
Amenities and Recreational Facilities
Approx. No. Units for Sale
Approx. No. Units Rented
Density (units per acre)
Monthly Space Rent $ (includes
Unit Mix
Access (Ingress/Egress)
Quality of Constr. (mat'l & finish)
Drainage/Flood Conditions
Condition of Exterior
Describe common elements or recreation facilities Condition of Interior
Appeal to Market
Subject Unit
      Mobile Home Living Area (including Expandos, Tipouts, etc.)
Built-on Additions (Finished and Unfinished Areas)
Room List Foyer Liv Din Kit Bdrm Bath Fam Rec Lndry Other RATING Good Avg. Fair Poor
Mobile Home Condition of Improvements
Additions Room Sizes and Layout
Adequacy of Closets and Storage
Kit. Equip., Cabinets & Workspace
Floors:
Plumbing - Adequacy and Condition
Interior Walls:
Electrical - Adequacy and Condition
Trim/Finish:
Skirting - Adequacy and Condition
Bath Floor:
Wainscot:
Adequacy of Insulation
Windows (type):
Location within Project or View
Kitchen Equip.:
Overall Livability
Appeal and Marketability
HEAT:
Type
Fuel
Cond.
Estimated Effective Age
to
Yrs.
AIR COND:
Estimated Remaining Economic Life
to
Yrs.
Comments:

VALUATION SECTION

FHA/VA Case No.
Cost Approach Measurements No. Sections Sq. Ft Gross Living Area:
S.F.
@ $
= $
x
x
=
Additions:
S.F.
@ $
= $
x
x
=
Carport/Garage:
S.F.
@ $
= $
x
x
=
Awnings:
S.F.
@ $
= $
x
x
=
Deck or Patio:
S.F.
@ $
= $
Total Gross Living Area (List in Market Data Analysis Below) Sheds:
S.F.
@ $
= $
Comment on cost data / functional and economic obsolescence: Skirtings:
S.F.
@ $
= $
S.F.
@ $
= $
S.F.
@ $
= $
Total Replacement Cost:
= $
Depreciation:
years
@ % per yr.
= $
Functional Economic
= $
Depreciated Replacement Cost:
= $
Park Space Additive (Blue Sky Value) OR Lot Value:
= $
Indicated Value Via COST APPROACH:
= $
Market Data Analysis The undersigned has recited three 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; if a significant item in the comparable is inferior to, or less favorable than the subject property, a plus (+) adjustment is made, thus increasing the indicated value of the subject.
ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3
Address or
Space Number
Proximity to Subject
Sales Price
$
$
$
$
Price / sf. GLA
$
$
$
$
Date of Sale

Time Adjustment		 DESCRIPTION DESCRIPTION +( – )$ Adjust. DESCRIPTION +( – )$ Adjust. DESCRIPTION +( – )$ Adjust.
Location
Make
Year
Condition
Living Area: Room

Count & Total

Gross Living Area		 Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths
Sq. Ft.
Sq. Ft.
Sq. Ft.
Sq. Ft.
Tip-out
Additions
Other Feature
Other Feature
Furnishings
Wood Stove
Extras
Site Value
Financing
Total Adjustments
$
$
$
Indicated Value of Subject Net     %
Gross     %
$
Net     %
Gross     %
$
Net     %
Gross     %
$
Comments on Sales Comparison
ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3
Data and/or
Verification Source
Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within 3 years of the date of appraisal:
INDICATED VALUE BY SALES COMPARISON APPROACH
$
(if Applicable)       Estimated Market Rent       $ /Mo.       x       Gross Rent Multiplier = INDICATED VALUE BY INCOME APPROACH
$
Reconciliation This appraisal is made    
Conditions of Appraisal:
Final Reconciliation:
The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, contingent and limiting conditions, and market value definition.
I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF
(WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE
$
APPRAISER: SUPERVISORY APPRAISER (ONLY IF REQUIRED):
Signature
Signature
Name
Name
Date Report Signed
Date Report Signed
State Certification #
State
State Certification #
State
Or State License #
State
Or State License #
State

MOBILE HOME MARKET DATA ANALYSIS

FHA/VA Case No.
Market Data Analysis Three recent sales of properties most similar and proximate to subject are considered in the following 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; if a significant item in the comparable is inferior to, or less favorable than, the subject property, a plus (+) adjustment is made, thus increasing the indicated value of the subject.
ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3
Address or
Space Number
Proximity to Subject
Sales Price
$
$
$
$
Price / sf. GLA
$
$
$
$
Date of Sale

Time Adjustment		 DESCRIPTION DESCRIPTION +( – )$ Adjust. DESCRIPTION +( – )$ Adjust. DESCRIPTION +( – )$ Adjust.
Location
Make
Year
Condition
Living Area: Room

Count & Total

Gross Living Area		 Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths
Sq. Ft.
Sq. Ft.
Sq. Ft.
Sq. Ft.
Tip-out
Additions
Other Feature
Other Feature
Furnishings
Wood Stove
Extras
Site Value
Financing
Total Adjustments
$
$
$
Indicated Value of Subject Net     %
Gross     %
$
Net     %
Gross     %
$
Net     %
Gross     %
$
Comments Comments: