HomeMy Public PortalAbout11-0692 Lientz_1of2INTERNATIONAL
CODE COUNCIL
MEMBER
Permit No.
City of Tybee Island • Planning & Zoning Dept.
Inspection Report
403 Butler Ave. • P.O. Box 2749 • Tybee Island, GA 31328
Phone 912.472.5032 • Fax 912.786.9539
Date Requested ZJ :Z
Owner's Name L. /'LAlf Z Date Needed
Gen. Contractor A //, J *./ Subcontractor
Contact Information c1: 3/3- 't -`7`7
Project Address
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Scope of Work t�+�QG. /I /\)5tJ14---)4( / .-/),/06/1)67` z:�Z, / J, v.
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Inspection
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Inspection Pass ❑ Fail ❑ Fee
Inspection Pass ❑ Fail ❑ Fee
Permit No.
City of i
403 Butler
Phone
, .►ee Island Community Development Dept.
Inspection Report
Ave. • P.O. Box 2749 • Tybee Island, GA 31328
912.786.4573 ext. 114 • Fax 912.786.9539
iii
INTERNATIONAL
CODE COUNCIL`
MEMBER
Date Requested
Owner's Name f_j r - �i ; z Date Needed
Gen. Contractor 4( 411ii C ;('i 3t., Subcontractor
Contact Information
Project Address
Scope of Work I-- %JAG / I t6S: }1A4t0J / , )6)
Inspector
Inspection iE j-j f=i ,J)( -
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Inspecti
Date of Inspection
Pass Fail EJ Fee
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2001 Single Hung Vinyl Dual Glazed
National Fenestration LoE3 Argon Fill
Rating Council°
CERTIFIED
ENERGY PERFORMANCE RATINGS
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0.29
(U,S. /I -P)
Factor
I 1.65
(Metric /SI)
Solar Heai Gain Coefficient
0.26
ADDITIONAL PERFORMANCE RATINGS .
Visible Transmittance
0.52
Manufacturer stipulates that these ratings conform to applicable NFRC procedures for determining whole
product performance NFRC ratings are determined for a fixed set of environmental conditions and a specific
product size NFRC does not recommend any product and does not warrant the suitability of any product for
any specific use. Consult manufacturer's literature for other product performance information
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WDMA
WINDOW AND DOOR
HALLMARK MA "UFwCV7W 7,s, =TION CFRTIFIFD
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Manufacturer Stipulates Conformance to the following standards
STANDARD
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AAMA/WDMAICSA 101 /I.S. 2/R440 -08
CLASS R -PG50 Siam Tested 36 x 62 in
OP .50/ -50 psf
FL 14911.16 TDI— WIN -320
Glazing 3.0 mm Double 5tr AN Outer/
3.0 mm Double Str AN Inner
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Complies with HUD UM Bulletin 111
IGCCS /IGMR® 00 -12
20064046.1.15
LABEL 2010
DATE ISSUED: 12 -28 -2011
WORK DESCRIPTION
CITY OF TYBEE ISLAND
BUILDING PERMIT
HVAC /INSULATE /SIDING /DRS& WNDWS
WORK LOCATION 10 LOVELL AVE
OWNER NAME J.R.% JOHN LIENTZ
ADDRESS 32 ISLAND DR
CITY, ST, ZIP SAVANNAH GA 31406 -5254
PHONE NUMBER
CONTRACTOR NAME ALL AMERICAN SIDING & WINDOWS
ADDRESS 35 MULBERRY BLUFF DR
CITY STATE ZIP SAVANNAH GA 31406
FLOOD ZONE
BUILDING VALUATION
SQUARE FOOTAGE
OCCUPANCY TYPE P
TOTAL FEES CHARGED $ 285.00
PROPERTY IDENTIFICATION #
PROJECT VALUATION $30,000.00
PERMIT #: 110692
TOTAL BALANCE DUE: $ 285.00
It is understood that if this permit is granted the builder will at all times comply with the zoning, subdivision, flood control, building, fire, soil
and sedimentation, wetlands, marshlands protection and shore protection ordinances and codes whether local, state or federal, including all
environmental laws and regulations when applicable, subsequent owners should be informed that any alterations to the property must be
approved by the issuance of another building permit. Permit holder agrees to hold the City of Tybee Island harmless on any construction
covered by this permit.
This permit must be posted in a conspicuous location in the front of building and protected from the weather. If this permit is not posted work
will be stopped. The building contractor will replace curb paving and gutter broken during construction. This permit will be voided unless
work has begun within six months of the date of issuance.
Signature of Building Inspector or Authorized Agent:
P. 0. Box 2749 - 403 Butler Avenue, Tybee Island, Georgia 31328
(912) 786 -4573 - FAX (912) 786 -9539
www.cityoftvbee.org
CITY OF TYBEE ISLAND, GEORGIA
APPLICATION FOR BUILDING PERMIT
Location: /0
L �f 1/ 4- ()L[
NAME
ADDRESS
PIN #
TEL
Owner
'czitia ii‘,_) -6:
R
,z,--/A,„46 k .7�-j' .J
L !/ . ‘1'24
Y
Architect
or Engineer
%
Building
Contractor
An An..or: (Q.r. —
—
5;c1'
`•,
To Li
.3i 3— `i 3 99
(Check all that apply)
Repair Eesidential
Renovation Single Family
❑ Minor Addition ❑ Duplex
❑ Substantial Addition ❑ Multi - Family
_ Other ❑ Commercial
n Footprint Changes
❑ Discovery
n Demolition
Details of Project: (A 4-rat /-/V 4c i�57 7t 5 'AZT: r-)
A'1 R9a::"-J Lcef4.5 PW:e-e /4-cuLdie: 66feux r)7
„or
;SS 6,'1
,
Esti Cost o Construction: $ �� ' ' 14 / 'C e ) -5e rs —Q ;
Construction Type
(1) Wood Frame
(2) Wood & Masonry
(3) Brick Veneer
Proposed use:
Remarks:
' tf (Enter appropriate number) 3 (o c..7 ; �, c� o w S
(4) Masonry (6) Other (please specify)
(5) Steel & Masonry
ATTACH A COPY OF THE CERTIFIED ELEVATION SURVEY OF LOT and complete the
following information based on the construction drawings and site plan:
# Units # Bedrooms # Bathrooms
Lot Area Living space (total sq. ft.)
# Off - street parking spaces
Trees located & listed on site plan
Access:
Driveway (ft.) With culvert? With swale?
Setbacks: Front Rear Sides (L) (R)
# Stories Height Vertical distance measured from the average adjacent
grade of the building to the extreme high point of the building, exclusive of chimneys, heating
units, ventilation ducts, air conditioning units, elevators, and similar appurtances.
CITY OF TYBEE ISLAND, GEORGIA
APPLICATION FOR BUILDING PERMIT
Location: ./, L 0 ct /17-364i CLS-
NAME ADDRESS
PIN #
TELEPHONE
Owner
Gr F'./---7--
l Y3 kAiS �� 'q
6 y V 5
Architect
or Engineer
Building
Contractor
ii..Yt -� /
s%. n) l /
6 ta 5,,e„,. - /1--)/&
S. ,9v A///, .9
9/ 2. -
4 J J— 7) �!
-; a a n
(Check all that apply)
❑ Repair
❑ Renovation
❑ Minor Addition
❑ }Substantial Addition
Other
P--
[R Residential
El-tingle Family
1 Duplex
Multi- Family
❑ ommercial
❑ Footprint Changes
❑ Discovery
n Demolition
Details of Project: (,4 / j ' �% � �>' /As,, „)
u'-4 -mac 3.o $ 7/Or
P/100,31).:. c L a J cii/J cr'J
5;lr�f��i ti's 5 irr s c2 1(I !7
Estimated Cost of Construction:,
Construction Type
(1) Wood Frame
(2) Wood & Maso
(3) Brick Veneer
Proposed use:
Remarks:
2. n
(Enter approp ate number)
(4) Masonry (6) Other (please
(5) Steel & Masonry \ r,
ATTACH COPY OF THE CERTIFIED ELEXATION SURVEY OF LOT alid complete the
followin: information based on the constructionngs and site plan:
# Units
Lot Area
# Off - street parking spaces
Trees located & listed on site plan
Access:
Driveway (ft.) With culvert?
Setbacks: Front Rear
# Bedrooms
Living space (total sq. ft.)
# Bathrooms
With swale?
Sides (L) (R)
# Stories Height Vertical distance measured from the average adjacent
grade of the building to the extreme high point of the building, exclusive of chimneys, heating
units, ventilation ducts, air conditioning units, elevators, and similar appurtances.
During construction: 414-- On -site restroom facilities will be provided through Ali-5S 6047.2.'.""S
On -site waste and debris containers will be provided by Pa Prvalgi -te (co 7r i T
Construction debris will be disposed by Dt., 'p by means of 1,3- ''-'r
I understand that I must comply with zoning, flood damage control, building, fire, shore
Protections and wetlands ordinances, FEMA regulations and all applicable codes and regulations.
I understand that the lot must be staked out and that the stakes will be inspected to ensure that the
setback requirements are met. I understand also that a certified plot plan showing elevation must
be attached to this application and that an as -built elevation certification is due as soon as the
habitable floor level is established. Drainage: I realize that I must ensure the adequacy of
drainage of this property so that surrounding property is in no way adversely affected. I accept
responsibility for any corrective action that may be necessary to restore drainage impaired by this
permitted construction.
Date: / Z�2 f// Signature of Applicant: Lev
Note: A permit normally takes 7 to 10 days to process.
?dui—
The following is to be completed by City personnel:
Zoning certification
Approved rezoning /variance?
Street address and number: New
Is it in compliance with City map?
If not, has street name and/or number been reported to MPC?
FEMA Certification attached
State Energy Code Affidavit attached
Utilities and Public Works:
Describe any unusual finding(s)
NFIP Flood Zone
Existing
Access to building site
Distance to water main tap site
Distance to sewer stub site
Water meter size
Storm drainage
Approvals: Signature Date
Zoning Administrator
Code Enforcement Officer
Water /Sewer
Storm/Drainage
Inspections
City Manager
FEESPermit
Inspections c p
Water Tap
Sewer Stub
Aid to Const.
TOTAL ,i S
LEAD -BASED PAINT
Adapted from http: / /www.epa.govead /pubs /renovation.htm. Please use that site to access the following information.
Information for Property Owners of Rental Housing, Child- Occupied Facilities
Property owners who renovate, repair, or prepare surfaces for painting in pre -1978 rental housing or space
rented by child -care facilities must, before beginning work, provide tenants with a copy of EPA's lead hazard
information pamphlet Renovate Right: Important Lead Hazard Information for Families, Child Care Providers,
and Schools. Owners of these rental properties must document compliance with this requirement. EPA's sample
pre- renovation disclosure form may be used for this purpose.
After April 22, 2010, property owners who perform these projects in pre -1978 rental housing or space rented
by child -care facilities must be certified and follow the lead -safe work practices required by EPA's Renovation,
Repair and Remodeling rule. To become certified, property owners must submit an application for firm
certification and fee payment to EPA. The Agency has up to 90 days after receiving a complete request for
certification to approve or disapprove the application.
Property owners who perform renovation, repairs, and painting jobs in rental property should also:
• Take training to learn how to perform lead -safe work practices.
• Learn the lead laws that apply regarding certification and lead -safe work practices beginning in April 2010.
• Keep records to demonstrate that you and your workers have been trained in lead -safe work practices and that you followed lead -
safe work practices on the job. To make recordkeeping easier, you may use the sample recordkeepinq checklist that EPA has
developed to help contractors comply with the renovation recordkeeping requirements that took effect April 2010.
• Read about how to comply with EPA's rule in the EPA Small Entity Compliance Guide to Renovate Right.
• Read about how to use lead -safe work practices in EPA's Steps to Lead Safe Renovation, Repair and Painting.
Information for Homeowners Working at Home
If you are a homeowner performing renovation, repair, or painting work in your own home, EPA's RRP rule does not cover your project.
However, you have the ultimate responsibility for the safety of your family or children in your care. If you are living in a pre -1978 home
and planning to do painting or repairs, please read a copy of EPA's Renovate Right: Important Lead Hazard Information for Families, Child
Care Providers, and Schools lead hazard information pamphlet. You may also want to call the National Lead Information Center at 1 -800-
424 -LEAD (5323) and ask for more information on how to work safely in a home with lead -based paint.
Information for Tenants and Families of Children under Age 6 in Child Care Facilities and Schools
As a tenant or a parent or guardian of children in a child care facility or school, you should know your rights when a renovation job is
performed in your home, or in the child care facility or school that your child attends.
• Before starting a renovation in residential buildings built before 1978, the contractor or property owner is required to have tenants
sign a pre- renovation disclosure form, which indicates that the tenant received the Renovate Right lead hazard information
pamphlet.
• Beginning in December 2008, the contractor must also make renovation information available to the parents or guardians of
children under age six that attend child care facilities and schools, and to provide to owners and administrators of pre -1978 child
care facilities and schools to be renovated a copy of EPA's Renovate Right: Important Lead Hazard Information for Families, Child
Care Providers, and Schools lead hazard information pamphlet.
Information for Contractors
As a contractor, you play an important role in helping to prevent lead exposure. Ordinary renovation and maintenance activities can create
dust that contains lead. By following the lead -safe work practices, you can prevent lead hazards. Contractors who perform renovation,
repairs, and painting jobs in pre -1978 housing and child- occupied facilities must, before beginning work, provide owners, tenants, and
child -care facilities with a copy of EPA's lead hazard information pamphlet Renovate Right: Important Lead Hazard Information for Families,
Child Care Providers, and Schools. Contractors must document compliance with this requirement. EPA's pre- renovation disclosure form may
be used for this purpose. Understand that after April 22, 2010, federal law will require you to be certified and to use lead -safe work
practices. To become certified, renovation contractors must submit an application and fee payment to EPA. See: Application for firm
certification. The Agency has up to 90 days after receiving a complete request for certification to approve or disapprove the application.
Contractors who perform renovation, repairs, and painting jobs should also:
• Take training to learn how to perform lead -safe work practices.
• Find a training provider that has been accredited by EPA to provide training for renovators under EPA's Renovation, Repair,
and Painting (RRP) Program. Please note that if you previously completed an eligible renovation training course you may
take the 4 -hour refresher course instead of the 8 -hour initial course from an accredited training provider to become a
certified renovator. Click here for a list of eligible courses.
• Provide a copy of your EPA or state lead training certificate to your client.
• Tell your client what lead -safe methods you will use to perform the job.
• Learn the lead laws that apply to you regarding certification and lead -safe work practices beginning in April 2010.
• Ask your client to share the results of any previously conducted lead tests.
• Provide your client with references from at least three recent jobs involving homes built before 1978.
• Keep records to demonstrate that you and your workers have been trained in lead -safe work practices and that you followed lead -
safe work practices on the job. To make recordkeeping easier, you may use the sample recordkeepinq checklist that EPA has
developed to help contractors comply with the renovation recordkeeping requirements.
• Read about how to comply with EPA's rule in the EPA Small Entity Compliance Guide to Renovate Right.
• �e d about how to use lead -safe work practices in EPA's Steps to Lead Safe Renovation, Repair and Painting.
IF YOU'RE NOT
HAD SAECFRTtED
_DISTURBING
JUST SIX
SQUARE FEET
-COULDCOSTYOU
.BIG TIME:
v
Signature
29k/-1
Printed Name
01/4A
'Date
1-fry
Permit Acknowledgement of
Asbestos /Environmental Notification to Georgia EPD for
Projects Involving Demolition, Wrecking, or Renovation
The undersigned hereby acknowledges that the issuance of this permit does not in any way grant
permission to the owner, owner's representative, or permit holder to proceed with demolition,
wrecking, or renovation of a structure prior to the filing of any required ten (10) day "Project
Notification for Asbestos Renovation Encapsulation or Demolition" form in accordance with
the Georgia Asbestos Rules. The Georgia Environmental Protection Division administers the
rules. In most cases, the rules require both the owner and the involved contractors to assure the
portion of the building involved in the project is thoroughly inspected by an Accredited Asbestos
Inspector for materials that contain asbestos; and the removal of the asbestos before renovation,
wrecking, or demolition begins almost without exemption. Georgia EPD requires a completed
demolition notification from be submitted 10 workings days in advance even if no asbestos is
present in the building. Further guidance for regulatory compliance and contact telephone
numbers are provided by the brochures entitled Asbestos & Renovation and Asbestos and
Demolition. Other environmental issues such as asbestos removal techniques, lead abatement,
ground contamination, or unusual site conditions may have EPD regulations that could affect the
proj ect.
n ersigned
'IC/Jr-
Ai r 2/ E.,0
/ %» / Jti X,0 5i
Printed Name
1,2/ 2 4
Date
Office Use Only:
Project Address:
Permit Number:
From:CITY OF TYBEE ISLAND 912 786 9539
12/ "/2011 11:15 #119 P.002 /002
OWNER
RECONSTRUCTION / IMPROVEMENT
AFFI DAVIT
RECEIVED
�aaq��►
Name of Company Telephone
Contractor Address f 1
Name of Property Owner �J (.,,►` -C:1 4 l- ^�.�, < j (�S� -,� L _` np • aki, 6 L;,�,�1
Location of Property 'J L \f S\
I hereby attest to the fact that the attached itemized list of the Estimated Cost of Reconstruction and /or
Improvements are all of the repairs and /or reconstruction and /or improvements proposed on the
subject building for the attached Building Permit Application included with the estimate. Listed below
are the date(s) and details of the last occurrence(s) of any repairs and /or reconstruction and /or
additions and /or remodeling at this property:
I understand that I am subject to enforcement action and /or penalties and /or fines if inspection of the
property reveals repairs and /or reconstruction and /or improvements not included on the attached list
of the Estimated Cost of Reconstruction and /or Improvements as well as the Building Permit
Application as well as the list of the last occurrence(s) of any repairs and /or reconstruction and /or
additions and /or remodeling. I understand that any Building Permit issued by the City of Tybee Island
pursuant to this Affidavit does not authorize the repair and /or reconstruction and /or improvement
and /or maintenance of any illegal additions, fences, sheds, or non - conforming uses or structures on the
subject property.
Total Labor & Materials
Overhead & Profit
Total Cost
STATE OF GEORGIA
COUN'T'Y OF CHATHAM
Before me this day personally appeared � ° who, by
his/ r signature below, states that the information provided on this Affidavit is correct and that he /she
has r , understands, and agrees to comply with all the aforementioned conditions.
Owner's
Sworn to and subscribed before m.
Signature of Notary Public
My Commission expires
1/.
E.,
•T. z.
_Y TARS%
s
■ My COMM. Exp.
■ ■
Feb. 5; 2013
~ y,9;
PUB tl .
day of
, 26 -iii/ .
CONTRACTOR
RECONSTRUCTION / IMPROVEMENT
AFFIDAVIT
Name of Company i/1-4-g/Lt4 /(6 Si`bc*,��1s'4 4elephone 9/) -Ste /? 7f
Contractor Address �5 E. - �1�c,r ( �iJ� -5:4-2/1,v, J/ , a- ,„.3,
Name of Property Owner 4 6/ / 2 V- ,
Location of Property 1° L a J L/ ( i�
I hereby attest to the fact that I, or a member of my staff, inspected the above mentioned property and
produced the attached itemized list of the Estimated Cost of Reconstruction and /or Improvements.
Further, all of the repairs and /or reconstruction and /or improvements proposed on the subject building
for the attached Building Permit Application are included in this estimate.
I understand that I am subject to enforcement action and /or penalties and /or fines if inspection of the
property reveals repairs and /or reconstruction and /or improvements not included on the attached list
of the Estimated Cost of Reconstruction and /or Improvements as well as the Building Permit
Application. I understand that any Building Permit issued by the City of Tybee Island pursuant to this
Affidavit does not authorize the repair and /or reconstruction and /or improvement and /or maintenance
of any illegal additions, fences, sheds, or non - conforming uses or structures on the subject property.
3 ,3/ R
Total Labor & Materials $
�r■
Overhead & Profit cJ'"-`-'' --17-175-- Pr-1 C
Total Cost $ 3 p "
STATE OF GEORGIA
COUNTY OF CHATHAM
Before me this day personally appeared -) JA �` QL who, by
his /her signature below, states that the information provided on this Affidavit is correct and that he /she
has read , understands, and agrees to comply with all the aforementioned conditions.
I'n actor's Signat re
Sworn to and subscribed before me this
1-‘.=
Signature of Notary Public j� f
My Commission expires I V V.( 2 13 14-
day of
AIk mar,
,20 11 .
DIANNE OTTO
Notary Public, Chatham County, GA
My Commission Expires November 6, 2014
O Loge-0 Ave.
ce;vec Grp 1. ± pape..rW
,&ppra2 5€ va_l ve ,n Z o -a was 614,124
CIA.Q,, -Priam 2'01k i s 2_9/700.
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MARRSH AL cs wwr
.M. COMPANY
RECEIVED
SQUARE FOOT APPRAISAL FORM
For subscribers using the Residential Cost Handbook/Residential Estimator 7
FHANA Case No.
11 -223
Property Owner James R. Lientz et al Date 12/15/2011
Address 10 Lovell Avenue Surveyed By Steven A. McCormick, SRA
City Tybee Island Cost as of
State /Province GA Zip/Postal Code 31328 Appraisal For BNY Mellon, N.A.
Type Quality Good Total Floor Area 1,826
Style Beach house Number of Units 1
Exterior Walls Asbestos Shingle Interior Wall Height 8
Basement Depth
Age 91 Condition Average to fair Region: L_J Westem _i Central X Eastern
Factor
Quantity
Cost
Extended Cost
1. COMPUTE RESIDENCE BASIC COST
I wall Heigh ted
Factor X Floor Area X Sr. q Ft. cost
1.0
1,826
92.54
$ 168,978.04
Square Foot and Lump Sum Adjustments
+
-
2. Roofing Shingles
1,929
2.38
X
4,591.00
3. Energy: ►,1 Mild ❑ Moderate ❑ Extreme ❑ Supetinsulated
4. Foundation: 1:1 Mild ❑ Moderate ❑ Extreme Hillside: ❑ Flat ❑ Moderate P' Steep
5. Seismic: X None ❑ 1 ❑ 2 ❑ 3 ■1 4 Wind: E No X Yes
1,826
2.74
X
5,003.24
6. Subfloor Base
7. Floor Insulation: g Mild ❑ Moderate ❑ Extreme
8. Floor Cover Wood floors on second level
1,406
13.12
X
18,446.72
9. Plaster Interior
10. Heating /Cooling EHP CAC
1,826
2.77
X
5,058.02
11. Plumbing Fixtures Total 10 Base 11
1
- 1,975.00
X
- 1,975.00
12. Plumbing Rough -ins Total 1 Base 1
13. Dormers
14. Fireplaces Masonary
1
7,950.00
X
7,950.00
15. Built -in Appliances ro dw fh
1
2,650.00
X
2,650.00
16. SUBTOTAL: ADJUSTED RESIDENCE COST: Total of Lines 1 to 15.
$ 210,702.02
17. Basement Storage and utility room below main dwelling
1
1,148
11.05
X
12,685.40
18. Porches, Decks, Breezeways, etc.
886
17.74
X
15,717.64
19. Balconies
20. Exterior Stairways
1
1,600.00
X
1,600.00
21. SUBTOTAL: RESIDENCE COST: Total of Lines 16 to 20.
$ 240,705.06
22. Garages /Carports
23. SUBTOTAL OF ALL BUILDING IMPROVEMENTS. Total of Lines 21 and 22.
$ 240,705.06
24. Multipliers: Current Cost 1.01 x Local .88 x Other =
0.89
25. Additional Components
26. TOTAL BUILDING COST NEW: Line 23 x Line 24 + Line 25.
1
$ 214,227.50
27. Depreciation: Physical and Functional 40%
- 85,691.00
28. External and / or Excessive Functional Obsolescence
29. Additional Depreciation
30. TOTAL DEPRECIATED COST: Line 26 - Lines 27 to 29. 1 1
$ 128, 536.50
31. Yard Improvements
32. Miscellaneous
33. Land /Site Value
34. TOTAL INDICATED VALUE: Total of Lines 30 to 33.
1
1
$ 128,536.50
FORM 1007
Form MS06 - 'TOTAL 2011" appraisal software by a la mode, inc. - 1-800-ALAMODE
Appraisal
111 Institute®
Professionals Providing
Real Estate Solutions
DESIGNATED MEMBERS
Find An Appraiser
Zip Code '31405' within 5 miles
31 Members Found. Designated Members: 13 + Associate Members: 18
Joel T. Crisler, MAI
Crisler & Associates, Inc.
President
1481 Dean Forest Road
Building 200 - Suite A
Savannah, GA 31405
(912) 335-8384
Fax: (912) 335 -8385
crisler1@bellsouth.net
Standards & Ethics Education Completed
Accepts Fee Assignments
Commercial, Residential, Industrial, Land,
Public, Recreational, Special Purpose
Aaron M. Carone, MAI
www.grubb - ellis.com
Grubb & Ellis Landauer
Senior Appraiser
100 Riverview Drive, Suite 300
Savannah, GA 31404
(912) 480 -9122
aaron.carone @grubb - ellis.com
Standards & Ethics Education Completed
Accepts Fee Assignments
Commercial, Residential, Industrial, Land,
Public, Recreational, Special Purpose
David Leggett, MAI, SRA
LeggettAppraisal.com
Leggett Appraisal Company
President
800 Commercial Court
Savannah, GA 31406
(912) 354 -3765
Fax: (912) 354 -4750
WDavidLeggett @gmail.com
Standards & Ethics Education Completed
Accepts Fee Assignments
Commercial, Residential, Industrial, Land,
Agricultural, Public, Recreational, Special
Purpose
Steven A. McCormick, SRA
Steven A. McCormick
1 Johnston Street
Unit 6
Savannah, GA 31405
(912) 354-3356
Fax: (912) 354 -2094
smapre @aol.com
Standards & Ethics Education Completed
Accepts Fee Assignments
Residential, Land, Ownership Forms
Brian Connor, SRA
non practicing
n/a
2305 Rowland Avenue, Unit 201
Savannah, GA 31404
(912) 484 -7440
Fax: (912) 355 -8854
31 Romney Place, Savannah, GA 31406
conyeager @hotmail.com
Standards & Ethics Education Completed
Not Available for Fee Assignment
Non - Practicing
Don A. Lindner, MAI
www.donlindner.com
Coastal Realty Consultants, LLC
President
315 Commercial Dr., Suite B -7
Savannah, GA 31406
(912) 355-5588x1
Fax: (912) 355 -8838
lindner.don @gmail.com
Standards & Ethics Education Completed
Accepts Fee Assignments
Commercial, Industrial, Land, Agricultural,
Public, Recreational, Special Purpose
Page 1 of 4
December 28, 2011
Harvey J. Gilbert, MAI
www.glcre.com
Gilbert & Lattimore Commercial RE, LLC
Managing Director & Broker -in- Charge
104 West State Street
Suite 220
Savannah, GA 31401
(912) 236-8992
Fax: (912) 236 -8966
hgilbert@glcre.com
Standards & Ethics Education Completed
Not Available for Fee Assignment
Timothy C. Wilson, MAI
Coastal Realty Consultants, LLC
Principle
315 Commercial Drive, Suite B -7
Savannah, GA 31406
(912) 355-5588x3
Fax: (912) 355 -8838
tcw78 @aol.com
Standards & Ethics Education Completed
Accepts Fee Assignments
Neill F. McDonald, MAI
Neill F. McDonald
Consultant/Appraiser
145 Bull St.
P.O. Box 9468
Savannah, GA 31412 -9468
(912) 233 -6017
Fax: (912) 233 -1773
neillmac @bellsouth.net
Standards & Ethics Education Completed
Accepts Fee Assignments
Commercial, Industrial, Land, Agricultural,
Public, Special Purpose, Ownership Forms
200 W. Madison, Suite 1500, Chicago, IL 60606 I T 312 - 335 -4100 F 312 - 335 -4400 1 www.appraisalinstitute.org
Steven A. McCormick, SRA
lb
Appraisal
II Institute'
1.•.f Fa.» S.t.a•,
MEMBER PROFILE
Page 1 of
PRINT
Steven A. McCormick, SRA
Steven A. McCormick
1 Johnston Street
Unit 6
Savannah, GA 31405
(912) 354 -3356
Fax: (912) 354 -2094
Cell: (912) 484 -5691
smapre @aol.com
Standards & Ethics Education Completed
Accepts Fee Assignments (more info)
Primary Market Area
Savannah Metropolitan area including Effingham and Bryan Counties
Secondary Market Area
Liberty County
Primary Practice Focus
Residential such as single family, condos, townhouses, residential lots and multi - family residential.
Business Services
Acquisition, Disposition [View Experience Details ►] • Appraisal ■ • Appraisal Review • •
Eminent Domain Valuation and Consulting ► • FHA Appraisal • • Foreclosure / REO • • Market Analysis ■ •
Non -cash Charitable Contributions ► • Real Estate Tax Valuation and Consulting p •
Relocation Appraisal and Consulting ■ • Retrospective Valuation ■ • VA Appraisal ►
Property Types
Residential
Condo, Multi - Family Project (Townhouse, Condo, Etc) • High End Residential • Historical •
Manufactured Housing • Multi- family (2 -4 units) • Single Family Appraisal (Conventional, Other) •
Single Family Appraisal (FHA) • Single Family Appraisal (Relocation) • Single Family Appraisal (VA) •
Unique Property
Land
Subdivided Land / Lot (Residential)
Ownership Forms
Fee Simple Interest [View Experience Details ►] • Partial Interest
Other Professional Affiliations /Designations
National Association of Realtors (NAR)
Graduate Georgia Realtors Institute (GRI)
http://wwwl.appraisalinstitute.org/findappraiser/show Member _Profile.aspx ?p =9ual jOgGa8z3c8uItfTQ3Z... 12/28/20
JUNE 3, 2006
BOUHAN, WILLIAMS & LEVY. LLP
POST OFFICE SOX 2139
SAVANNAH, NC 27802 -1280
Re Property:
Borrower,
File No.:
10 LOVELL AVENUE
TYBEE ISLAND, GA 31328
N/A
08700703
In accordance with your request, we have appraised the above referenced property. The report of that appraisal is attached.
The purpose of this appraisal is to estimate the market value of the property described in this appraisal report, as improved, in
unencumbered fee simple title of ownership.
This report is based on a physical analysis of the site and improvements, a iocational analysis of the neighborhood and city, and an
economic analysis of the market for properties such as the subject The appraisal was developed and the report was prepared in
accordance with the Uniform Standards of Professional Appraisal Practice.
The value conclusions reported are as of the effective date stated in the body of the report and contingent upon the certification and
limiting conditions attached.
It has been a pleasure to assist you. Please do not hesitate to contact me or any of my staff if we can be of additional service to you.
Sincerely,
BRIAN CONNOR
246744
Bo_
vf
•
- .--..r,
,,,,,..• ,
...
<5.
. ,
subleCt .....
1G itwal- AVEMIE:
_76
''' -ri),.. bee' island
• 'N 41- . 40 , .
' • .,. f„.:s4
v. • r•.• . . 571
A t i
Ocean
a I
1 p�
IlhitI I Fl l 1111111111111111111_
Comparable 1
10 8TH PLACE
Prox. to Subject 0.69 miles S
Sale Price 1,150,000
Gross Living Area 1,388
Total Rooms 9
Total Bedrooms 5
Total Bathrooms 3.5
Location TYBEE ISLAND
View 4TH ROW OCN
Site 6,650 SF /INFER
Quality AVG /FRAME
Age 1930
Comparable 2
1409 CHATHAM AVENUE
Prox. to Subject 1.41 miles SW
Sale Price 1,490,000
Gross Living Area 2,576
Total Rooms 7
Total Bedrooms 4
Total Bathrooms 2
Location TYBEE ISLAND
View RIVER
Site 6,116 SF /EQL
Quality AVG /FRAME
Age 1940
Comparable 3
2 2ND AVENUE
Prox. to Subject 0.06 miles NW
Sale Price 1,950,000
Gross Living Area 1,581
Total Rooms 7
Total Bedrooms 4
Total Bathrooms 2.5
Location TYBEE ISLAND
View OCEAN
Site 16,553 SF /SUP
Quality GOOD /STUCCO
Age 1988
Comparable 4
1208 BUTLER AVENUE
Prox. to Subject 1.15 miles SW
Sales Price 1,716.000
Gross Living Area 2.067
Total Rooms 7
Total Bedrooms 4
Total Bathrooms 2.5
Location TYBEE ISLAND
View 5TH ROW OCN
Site 13.600 SF /EQL
Quality AVG/FRAME
Age 1925
Comparable 5
Prox. to Subject
Sales Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
Comparable 6
Prox. to Subject
Sales Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
901111111111101111111114•1414twillii
II I'll *ILI'
Subject Front
10 LOVELL AVENUE
Sales Price N/A
Gross Living Area 1.835
Total Rooms 7
Total Bedrooms 3
Total Bathrooms 1.5
Location TYBEE ISLAND
View OCEAN
Site 8,505 SF /APROX
Quality AVG/ASBES&FR
Age 1920
Subject Rear
Subject Street
22 2'
SCREEN PORCH
' 142'
LIVING
F/PROOM
BEDROOM
BATH
1/2
BATH
DEN
9 5 kr-
SCR
PCH
STAIRS
10.0'
BEDROOM
8.8'
BEDROOM
23.5'
kr
22.2'
SCREEN PORCH
142
cmiNG
ROOM
KITCHEN
w/o 14.2'
DRESS
SHOWER
DRESS
LAUNDRY/
STG
177
8.0'
8,0'
0
0
0
C•J
U)
cC
cn
o
0
N
2.0
8.8'
STORAGE
23.5'
•:'
N
LC)
CmnrneMs'
PREA:-.CALCULATiOITS 'SUMMARY:
Code Depripfforl.:
GLA1 First Floor 417.48 417.48
GLA2 Second Floor 1417.88 1417.88
P/P Screen Porch 334.14
Screen Porch 494.94 829,08
OTH Storage/Porches 1160.40 1160.40
LIVING AREA BREAKDOWN'
Breakdown Sep44a1S.
First Floor
14.2 x
Second Floor
15.7 x 23.5
14.7 x 21.5
9.5 x 33.2
14.2 x 29.4
29.4
417.48
368.95
316.05
315.40
417.48
t111,eb
Sale Noe 1$ NAY/ ,$ 1,150,000 $ 1,490,000; �.. • S 1.950,000
Sala Price/Gross Liv. Area $ sq ft.:$ 328.53 sq.ft. $ 578.42 sq.ff.r' $ 1233.40 sq.ff_;
Data Sclf;Ce(S) .., LEi,0ER!APPRAISER DATA LENDER /APPRAISER DATA
LENDER /APPRAISER DATA
erification Source(s) - ' MLS/PUBLIC RECORDS MLS/PUBLIC RECORDS
MLS /PUBLIC RECORDS
VALUE ADJUSTMENTS DESCRIPTION 1 DESCRIPTION +\/-\J $ Adjustment ' DESCRIPTION
() $ Adjustment
DESCRIPTION i +,, } Adjustment
CONVENTIONAL
LOAN
Sales or Financing -CONVENTIONAL
Concessions _- LOAN
CONVENTIONAL
LOAN
!2/25/2005
Date of SaleTime 5/26/2006
A
18/30.2005
Location TYBEE ISLAND �TYBEE ISLAND
1TYBEE ISLAND
TYBEE ISLAND
Leasehali "Fee Simple ; FEE SIMPLE 1 FEE SIMPLE
!FEE SIMPLE
FEE SIMPLE
Site 18,505 SF /APROX 16,650 SF /INFER
+500,000 6,116 SF!EQL
16,553 SF /SUP - 150,000
View I OCEAN I 4TH ROW OCN
I RIVER
OCEAN
Design (Style) 1.5- STY,GOOD I 2- STORY /GOOD
i 2- STORY/GOOD
2 -STORY /GOOD
Quality et Construction I AVG /ASBES &FR 1AVG /F RAM E
'AVG /FRAME
GOOD /STUCCO ! - 73,220
Actual Age ,1920 !1930
;1940
1988
Condition _ !AVERAGE !GOOD
- 75,000 GOOD
- 75,000
GOOD -125,000
Atio:e Grade i Total IBdrms.I Baths ' Total
Iadrms I Baths
' Total IBdrms.'
Baths
Total
Berms.
Baths
Room Count . 7 I 3 I 1.5 9
5 j 3.5
- 10,000' 7
4
2
-2,500
- 25,935
7
4
2.5 -5,060
Gross Living Area I 1,835 sq.ft.; 1,388 Sq.ft.
+15,6451 2,576 sq.ft.
I NONE
1
1,581 sq.ft.{ +8,890
NONE ; +26,345
Basement & Finished i NONE
Rooms Below Grade
x Functional Utility :AVERAGE I AVERAGE
.AVERAGE
AVERAGE
Q Heating'Ccofing :CENTRAL I CENTRAL
CENTRAL
l CENTRAL
Energy Efficient Items ;STANDARD 1STANDARD
iTTANDARD
- 3,500,1- GARAGEISTG
-5,000
STANDARD
Garage carpo t ION SITE PKG I 1- COVERED
_�
2- GARAGE /STG
- 10,000
Z Porch /1Patio Deck SCR PORCHES iSCR PORCHES
I DECK,PATIO
+5,000
- 45,000
SCR PORCHES
STG,PORCHES
N PORCHES,ETC.., • ISTG,LND,PCHS 1STG,PCH
SUNRM,DOCK
a FIREPLACES 1- FIREPLACE 1- FIREPLACE
11- FIREPLACE
1- FIREPLACE
a- SHOW'ERS,CHAt'IGE ROOM I SHWR,CHNG RS;SHWR,CHNG RS
I SHWR,CHNG RS
SHWR,CHNG RS
O Net Adjustment (Total) _ 1 + L -
$ 427,1451 I + r `=
I Net Adj. 10.0 o
$ 1,577,1451 Gr05S Adj, 10.6 %
$ 148,435
$ 1,341.565
L i +
Net Adj. 16.8 D
Gross Adj. 20.4 %
$ 327 985
$ 1,622,015
N Adjusted Sale Price Net Adj. 37.1 %
of Comparahles - Gross Adj. 52.5 %
adi I •• did LI did not research the sale or transfer history of the subject properly and comparable sales, If not, explain
My research _- did j-° did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal.
Data Source(sj PUBLIC RECORD
My research Li did _ did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale.
Data Source(s) PUBLIC RECORD
Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3).
ITEM
SUBJECT
COMPARABLE SALE #1
COMPARABLE SALE #2
COMPARABLE SALE #3
Date of Prior SaleiTransfer
NO PRIOR SALES
NO SALE WITHIN
NO SALE WITHIN
NO SALE WITHIN
Price of Prior Sale;Transfer
WITHIN THREE YEARS
PRIOR YEAR
PRIOR YEAR
PRIOR YEAR
Data Source(s'1
PUBLIC RECORD
PUBLIC RECORD
PUBLIC RECORD
PUBLIC RECORD
Effective Date of Data Source(s)
CURRENT
CURRENT
CURRENT
CURRENT
Analysis of Error sale or transfer history of the subject property and comparable sales THERE WERE NO PRIOR SALES OF THE SUBJECT WITHIN THREE YEARS
AND NO PRIOR SALES OF COMPARABLES WITHIN ONE YEAR.
Summary of Sales Comparison Approach ALL COMPARABLES WERE TAKEN FROM THE SUBJECT'S GENERAL AREA AND WERE CONSIDERED TO BE THE
MOST COMPATIBLE WITH THE SUBJECT PROPERTY. THEY GIVE A VALID INDICATION OF VALUE AFTER ADJUSTMENTS. ALL SALES WERE VERIFIED
TO BE CLOSED TRANSACTIONS. SITE ADJUSTMENTS, WHEN WARRANTED WERE BASED ON SITE REPLACEMENT COSTS AS SITE VALUES DIFFER
WITH REGARD TO SIZE. VIEW, LOCATION, ELEVATION AND UTILITY. DISTANCE TO THE OCEAN AND LOCATION ARE MAJOR SITE FACTORS ON
TYBEE. SOME COMPARABLES, ALTHOUGH EXCEEDING THE DESIRED 6 MONTH DATE/SALE GUIDELINES, CONTINUE TO PROVIDE VALID MARKET
DATA AND WARRANT NO TIME ADJUSTMENTS. EXTENSIVE RESEARCH REVEALED THESE TO BE THE VERY BEST COMPARABLE SALES AVAILABLE
AT THIS TIME.
Indicated Value by Sales Comparison Approach $ 1,575,000
Indicated Value by: Sales Comparison Approach $ 1,675,000 Cost Approach (if developed) $ 1,579,124 Income Approach (if developed) $ N/A
THE SALES COMPARISON APPROACH WAS GIVEN THE MOST WEIGHT ON ARRIVING AT THE VALUE AS I7 BEST REPRESENTS THE ACTIONS OF
O BUYERS AND SELLERS IN THE MARKET PLACE. THE INCOME APPROACH IS INAPPLICABLE DUE TO THE LACK OF VERIFIABLE DATA.
P. _
73 Ths appraisal is made ``r "as Is". . subject to completion per plans and speciticafions on the basis of a hypothetical condition that the improvements have been
0 comnleterl, subject to the folio; ;wing repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or L subject to the
0 following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair: ASSUMES THAT ALL MECHANICAL.
UNCTION PROPERLY AND ALL STRUCTURAL MEMBERS WERE SOUND AT THE TIME OF INSPECTION.
ividp litni;t5 Petit E census ract 111.03
Occupant _- Owner Tenant lA Vacant Special Assessments $ NONE
Property Rights: Appraised I, r, Fee Simple Leasr L Other (describe)
,ASSignMeDt Type i___ Purchase, Transaction 7 Refinance, Transaction ii7,1 Other (describe) ESTATE APPRAISAL
PUD HOA $ N/A l_n_j per year ,7:_j per month
Lender/Client BOUHAN, VViLLIANIS & LEVY. LLP Address POST OFFICE BOX 2139, SAVANNAH
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? Ti Yes A No
Report data source(s) used, offering price(s),
and date(s). MLS - N/A - CURRENT
irl Fl 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
performed. NOT A SALE
1—
0
cl
Contract Price $ N/A Date of Contract
NIA Is the property seller the owner of public record? E Yes Li— No Data Source(s) NIA
sale concess)ons, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? i -1 Yes No
No
the items to be paid. NIA
1-
z
o
0
Is there any financial assistance (loan charges,
tf Yes, report the total dollar amount and oescribe
Note: Race and the racial composition of the neighborhood are not appraisal factors.
Neighborhood Oharacteristies. - - One-Unit-HousingTrends
,_.
i ._,i Stable i 1 Declining
El In Balance Li Over Supply
One-Unit Housing -
PRICE AGE
$ (000) (yrs)
Present Land Use% -
One-Untt 85 %
2-4 Unit 5 %
Lcc?bcn i' Urban i.T: Suburban i 7
..._
Rural
Under 25%
Property Values 7 Increasing
Dernand,Supply [ I Shortage
0
9,
,..,
Built -Up r'7i, Over 75% 71 25-75% T7
Growth n Rapid ii:r-±; Stable Pr Slow
------i
I Marketing Time 7 Under 3 mths 1,7i 16 mths Li Over 6 milts
200 Low NEW
Multi-Family %
§
0
m
ti
113
z
Neighborhood Boundaries THE SUBJECT BOUNDARIES ARE CONSIDERED TO BE ALL OF TYBEE ISLAND.
4.5 MIL High 100
Commercial 5 %
450 Pred. 25
Other 5 %
Neighborhood Description THE SUBJECT PROPERTY ES LOCTAED ON TYBEE ISLAND IN THE EASTERN MOST ISLANDS MARKETING AREA OF CHATHAM
COuNTY. THE ARE IS COMPRISED PREDOMINANTLY OF YEAR ROUND RESIDENTIAL AND SEASONAL RENTAL PROPERTIES. HOMES ON THE RIVER
AND OCEAN MAKE UP THE UPPER RANGE OF VALUE. POLICE AND FIRE PROTECTION ARE CONSIDERED TO BE ADEQUATE,
Market Conditions (including support tor the above
conclusions) NO ABNORMAL MARKETING CONDITIONS EXIST IN THE AREA. THE DEMAND FOR HOUSING
CONCESSIONS APPEAR TO BE NECESSARY.
IN THE AREA IS GOOD. NO UNUSUAL
0 MenSiOnS SEE ATTACHED TAX PLAT Area 8,505 SF/APROX Shape RECTANGULAR View OCEAN
Specific Zoning Classification R-1 Zoning Description SINGLE FAMILY RESIDENTIAL
Zoning Compliance ii;e1 Legal 71 Legal Nonconform(ntWrandfathe,re,d
Use) F-r No Zoning ill Illegal (describe)
as improved (or as proposed per plans and specifications) the present use? li7,1 Yes 7 No If No, describe
Is the highest and best use of subject property
Utilities Public Other (describe) Public Other (describe) Off-site improvements - Type Public Private
114
i-•
Electrici , • - i . ,
Water ii::: n Street ASPHALT ,
Sanitary Sewer iXi . Alley NONE Li
m
_., ..,..
Gas l : rX PROPANE
FEMA Special Flood Hazard Area L 74 Yes j • i No FEMA Flood Zone A8 FEMA Map # 135164 0001 C FEMA Map Date 06117/1986
Are the utilities and off-site improvements typical for the market area? in Yes I7 No It No, describe
Are there any adverse site conditions or external factors (easements,
encroachments, environmental conditions, land uses, etc.)? 1 i Yes rZ No If Yes, describe
WERE NOTED THAT SHOULD AFFECT MARKET VALUE. THE SUBJECT IS IDENTIFIED AS
NO APPARENT ADVERSE EASEMENTS OR ENCROACHMENTS
BEING IN THE FLOOD HAZARD AREA. SUBJECT TO SURVEY.
.i:. G-eneral.Description
• r;'Foundation : . .___.
ExteriorDescription - . materials/condition
Foundation Walls MASONRY
Interior - - materials/condition.
Floors VVOOD.V4N1AVG
,.._. ,......
Units 1,n1 One i_ _ One with Accessory Unit
ie.ti Concrete Slab 1-1 Crawl Space
4it of Stories t5
: Full Basement 71 Partial Basement
Exterior Walls FRAME & ASBESTOS
Walls PANEL/AVG
Tyl.le, ii2-.1 Det. 7: Att. r—_,i S-DetlEnd Unit
Basement Area sq.ff.
Roof Surface SHINGLES
Trim./Finish WOOD/AVG
T: i Existing i : Proposed !1 Under Const.
Basement Finish NIA %
I__.! Outside Entry:Exit 7 Sump Pump
Gutters & Downspouts NONE
Window Type WOOD D/H & MET SiH
Bath Floor VINYUAVG
Bath Wainscot TILE/AVG
Design 1St) 1.5-STY/GOOD
Year Built 1920
Evidence of 7 Infestation NONE
Storm SashInsulated N/A
Car Storage F None
7: Driveway # of Cars ADEQ
Effective Age (Yrs) 45
,___I Dampness ; 7 Settlement
Screens PARTIAL SCREENS
Attic Li None
Heating iii•--,t FWA ;71 HWBB rl Rant ant
Amenities 7 Woodstove(s)
#
FENCE
Driveway Surface UNPAVED
LI Garage # of Cars
,--- .
i Drop Stair 7 Stairs
1----
i I Other !Fuel ELECTRIC
IYI Fireplace(s) # 1 1 . Fence
in
I-
Floor 7 Scuttle
Cooling L.7.'j
Central Air Conditioning
II -1 Other
'7' Patio/Deck PCH'S lLE Porch PORCHES
1.-___] Pool i' Other UNDER ST
7 Carport # of Cars
Li Att. FT Det. D Built-in
,__:._,...
• I Finished i i Heated
• -
El Individual
E
Appliances : i Ref i orator T Ra i erOven Li Dishwasher IZ Disposal 7 Microwave E Washerayer E i, Other describe
a
uj Finished area above grade contains: 7 Rooms 3 Bedrooms 1.5 Bath(s) 1.835 Square Feet of Gross Livi -i Area Above Grade
0
re
ci.
g
itr, . features
Aduonar r (special energy efficient items, etc.). SEE ATTACHED ADDENDUM.
Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.). A 56% PHYSICAL DEPRECIATION ADJUSTMENT WAS
MADE FOR NORMAL AGING. THERE WAS NO FUNCTIONAL OR EXTERNAL OBSOLESENCE TO BE CONSIDERED. THE SUBJECT IS EXISTING
CONSTRUCTION AND IS IN OVERALL AVERAGE CONDITION.
Are there any physical deficiencies or adverse condirtions that affect The livability, soundness,
or structural integrity of the property? Li Yes RI No if Yes, describe
_.._.
,..
vJV.1t7 oyat.g
; 4)
JU.It.1:
J u.I L
Data Source(s) !I!;!--. LENDER /APPRAISER DATA
Verification Source(s) L 'UBLIC RECORDS j
VALUE ADJUSTMENTS DESCRIPTION _LSCRIPTION!
+) $ Adjustment 1 DESCRIPTION
+t -; $ Adjustment i DESCRIPTION i +( -) $ Adjustment
Sales or Financing i CASH
Conce,ssices ! SALE
Date of SaigfT'me t . . ' 5!10j2006
x Location TYBEE ISLAND TYBEE ISLAND
o
Q Leasehold/fee Simple I FEE SIMPLE FEE SIMPLE j
te 4 Site 18,505 SF /APROX ;13,600 SFIEQL
4 View i OCEAN 5TH ROW OCN
z Design (Style) ;1.5- STY /GOOD 2- STORY /GOOD
N Ouaiity of Construction AVGIASBES &FR AVGIFRAME
Q Actual Age 1920 ! 1925
aCondition ' AVERAGE ;AVERAGE
1
0 Above Grade
w Room Ccunt
Q Gross Laving Area
Total 1Bdrrs.
Baths 1 Total
Bdrrnsj Baths
I Total
Ems -
Baths
Total
Bdrms.
Baths
; 7
3
1.5 1 7
4
2.5
- 5,000;
1,835 sq.ft. 2.067 sq.ft.
- 8,1201 sq.ft.
sq.ft.l
0 Basement & Finished NONE
Rooms Below Grade
Functional Utility
i AVERAGE AVERAGE
Heating; Cooling 'CENTRAL CENTRAL
Energy Efficient Items i STANDARD STANDARD
Garage,tarport ON SITE PKG 3- COVERED
- 10,0001
Porch, Patio?Deck SCR PORCHES SCR PORCHES
I,
PORCHES.ETC.., STG,LND,PCHS STG,LND,PCHS
FIREPLACES 1- FIREPLACE 1- FIREPLACE
SHO ERS,CHANGE ROOM SHWR,CHNG RS SHWR,CHNG RS
j
Net Adjustmmnt (Totall ;.i 1- [Lg -
, -
$ - 23,120 r - + r,,,1
:Net Adj. %
$ 1.692,88x1 Grass Adj. %
$ ` +
Net Adj. %
$ Gross Adj. %
$
$
Adjuster! Sale Price ` Net Adj. 13 %
of Comparables Gross Adj. 1.3 %
Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3).
ITEM SUBJECT
COMPARABLE SALE #4
COMPARABLE SALE #5
COMPARABLE SALE #6
Date of Prior SaleTransfer _j NO PRIOR SALES
NO SALE WITHIN
PRIOR YEAR
}
p
PriCe of Prior Saie;Transfer WITHIN THREE YEARS
Data Source(s) PUBLIC RECORD
PUBLIC RECORD
uu) Effective Date of Data Source(s), ;CURRENT
CURRENT
Analysis of prior sale or transfer history of the subject property and comparable sales SEE PAGE TWO.
Q
N
Analysis/Comments ADDITIONAL COMPARABLE FOUR WAS PROVIDED TO FURTHER SUPPORT THE FINAL VALUE ESTIMATE.
EXTENSIVE RESEARCH REVEALED THAT THE FIVE COMPARABLES CHOSEN WERE THE BEST INDICATORS OF VALUE AT THIS TIME.
ALL SALES ARE CONFIRMED, CLOSED TRANSACTIONS.
N
t—
z
w
2
'2
0
U
u)
N
J
Q
2
Q
+- �+,,✓ +��, �-�u., rn,.. ',Jr- , nL,Cr VRCiviLPI IlI/iVCU IiKCHJ IJI
APPRAISING BUT IS RELATIVE TO THE INSPECTION PROCESS BY A PROFESSIONAL HOME INSPECTOR. THE APPRAISER IS NOT A PROFESSIONAL
TERMITE OR WOOD DESTROYING ORGANISM • 'ECTOR OR ENVIRONMENTAL INSPECTOR OR PR SSIONAL MECHANICAL OR SYSTEMS
INSPECTOR OR PROFESSIONAL WELL AND SEP, o,; SYSTEMS INSPECTOR. IMPROVEMENT RATINGS AND COMMENTS REGARDING IMPROVEMENTS,
SYSTEMS, EQUIPMENT AND REAL PROPERTY DO NOT REPRESENT ANY GUARANTEES AND /OR WARRANTIES EXPRESSED OR IMPLIED AS
GUARANTEES AND'OR WARRANTIES ARE NOT A PART OF THE SCOPE OF THIS APPRAISAL. IT IS NOT A PART OF THE SCOPE OF THIS APPRAISAL
FOR THE APPRAISER TO PERFORM DUTIES RELATIVE TO THAT OF AN ATTORNEY -AT -LAW REGARDING ABSOLUTE VERIFICATION OF ALL LEGAL
ASPECTS PERTAINING TO THE SUBJECT PROPERTY. IT IS NOT A PART OF THE SCOPE OF THIS APPRAISAL FOR THE APPRAISER TO PERFORM
DUTIES RELATIVE TO THAT OF A PROFESSIONAL SURVEYOR REGARDING ABSOLUTE VERIFICATION OF ALL ASPECTS CONSIDERED AND
DISCOVERIES MADE BY A PROFESSIONAL SURVEYOR RELATED TO THE SITE AND IMPROVEMENTS OF THE SUBJECT PROPERTY. ATTEMPT OF
I
0
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a—___
O
a
DISCOVERY OF "0TENTIAL ADVERSE INFLUENCES AS A RESULT OF HUMAN BEHAVIOR IS NOT PART OF THE SCOPE OF WORK OF THIS
APPRAISAL
__ _ ...
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— -
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COST APPROACH TO VALUE(not required: by Fannie Mae)
Provide adequate information for the lender.'client to replicate the below cost figures and calculations.
Support for they opinion of site value (summary of comparable land sales or other methods for
estimating site value) THE SUBJECTS ESTIMATED SITE VALUE IS BASED
ON AN ANALYSIS OF VACANT SITES IN THE SUBJECTS MARKETING AREA.
0
Q
as
ESTif.1,ATE0 REPRODUCTION OR n REPLACEMENT COST NEW
OPINION OF SITE VALUE._.. _$ 1.475 000
Source of cost data MARSHALL & SWIFT
DWELLING 1,835 Sq.Ft. @ $ 90.00 _....... _$ 165,150
Sq.Ft. $ =$
Quality rating from cost service AVG Effective date of cost data CURRENT
Comments on Cost Approach (gross IivinrJ area calculations, depreciation, etc.)
APPLS,FPLS,PORCHES,STG,LND,ETC. _$ 49,990
Garage/Carport Sq -Ft. @ $ 4
cn MARSHALL AND SWIFTS RESIDENTIAL COST HANDBOOK WAS USED AS
8 THE DATA SOURCE FOR REPRODUCTION COST NEW INFORMATION.
Total Estimate of Cost -New =$ 215,140
Less Physical
Depreciation 121,016
Depreciated Cost of Improvements
'As -is" Value of Site Improvements
Functional
External
=$( 121,016'L
=1 941, 24
=S 10,000
Estimated Remaining Economic Life (HUD and VA only) 35 Years
INDICATED VALUE BY COST APPROACH =$ 1,579,124
w • INCOME APPROACH TO VAL.U.E:(not required by Fannie Mae)
Esti iatwd Monthly Market Rent $ N/A X Gross Rent Multiplier
NIA = $ Indicated Value by income Approacr
Summary cf Income Approach (including support for market rent and GRM)
PROJECT INFORMATION FOR PUDs (if applicable)
Is the developer builder in control of the Homeowners' Association (HOA)? ` 11 Yes _I
No Unit type(s) i, i Detached [ Attached
HOA and the subject property is an attached dwelling unit,
Total number of units sold
Provide the following information for PUDs ONLY if the developer,bialder is in control of the
Legal Name of Project
o
r=
m
a
p
z
Total number of phases Total number of units NIA
Total number of units rented Total number of units for sale N/A
Data source(s)
ni No if Yes, date of conversion.
Was the project created by the conversion of existing building(s) into a PUD? Yes
Does the project contain any multi - dwelling units? Li Yes [7.7: No Data Source
Are the units, common elements. and recreation facilities complete? yYes l _. No
If No, describe the status of completion.
0
0
D.
Are the common Elements leased to or by the Homeov,ners' Association? 11 Yes _
No if Yes, describe the rental terms and options.
onvvunrcait_ 1F IN iNU KUUMS IN LUWER LEVEL, VERY BIG PORCHES WITH EXCELLENT VIEWS WRAPING AROUND THE HOUSE,
LAUNDRY AREA AND LOTS OF LOWER STORAGE AND RECREATION SPACE, PLENTIFUL ON SITE PARKING.
THE APPRAISER 15 AWARE THAT THE JBJECT SITE VALUE EXCEEDS 30% OF THE TOT,- JALUE ASSIGNED TO THE SUBJECT.
THIS IS TYPICAL OF PROPERTIES ON TYBEE ISLAND AND IS BELIEVED TO HAVE NO NEGATIVE AFFECT ON FUTURE
MARKETABILITY.
THE SUBJECT EXCEEDS THE NEIGHBORHOOD PREDOMINANT VALUE RANGE BUT LEES WELL WITHIN MARKETING RANGE AND IS
NOT CONSIDERED TO BE AN OVERIMPRCVEMENT.
THIS APPRAISAL IS BEING PERFORMED FOR THE ESTATE OF MINEOLA G. LIENTZ. THIS APPRAISAL IS NOT INTENDED TO BE
USED FOR LENDING PURPOSES.
THE EFFECTIVE DATE OF THE APPRAISAL IS THE DATE OF MRS LIENTZ DEATH WHICH IS JUNE 3, 2006. THE INSPECTION DATE
WAS MARCH 21, 2007.
DISCLAIMERS
UNLESS OTHERWISE STATED WITHIN THIS REPORT, THE EXISTENCE OF HAZARDOUS MATERIALS, INCLUDING, BUT NOT
LIMITED TO TOXIC WASTE, ASBESTOS, RADON GAS, OR UREA FORMALDEHYDE FOAM INSULATION, WHICH MAY OR MAT NOT BE
PRESENT ON THE PROPERTY, WAS NOT RECOGNIZED BY THE APPRAISER. THE APPRAISER HAS NO KNOWLEDGE OF THE
EXISTENCE OF SUCH MATERIALS IN THE SUBJECT PROPERTY. THE APPRAISER, HOWEVER, IS NOT QUALIFIED TO DETECT
SUCH SUBSTANCES. THE CONCLUSIONS AND VALUE ESTIMATES HEREIN ARE PREDICATED ON THE ASSUMPTION THAT THERE
IS NO SUCH SUBSTANCE ON OR IN THE PROPERTY THAT WOULD CONTRIBUTE TO OR CAUSE A LOSS IN VALUE. NO
RESPONSIBILITY IS ASSUMED FOR ANY SUCH CONDITIONOR FOR THE EXPERTISE REQUIRED TO DISCOVER THEM. THE CLIENT
IS URGED TO RETAIN AN EXPERT IN THIS FIELD, IF DESIRED.
THE APPRAISAL CONFORMS TO THE UNIFORM STANDARDS OF PROFESSIONAL PRACTICE(USPAP) ADOPTED BY THE APPRAISAL
STANDARDS BOARD OF THE APPRAISAL FOUNDATION, EXCEPT THAT THE DEPARTURE PROVISION OF THE USPAP SHALL NOT
APPLY.
THE APPRAISAL CONTAINS A SIGNED CERTIFICATE REQUIRED BY THE USPAP, AND AN ADDITIONAL STATEMENT THAT THE
APPRAISAL ASSIGNMENT WAS NOT BASED ON A REQUESTED MINIMUM VALUATION, A SPECIFIC VALUATION OR THE APPROVAL
OF A LOAN.
THE DIGITAL SIGNATURE ON THIS REPORT IS PROTECTED AND ONLY THE APPRAISER MAINTAINS CONTROL OF THE
SIGNATURE. THIS CONTROL IS MAINTAINED BY A PASSWORD. ELECTRONICALLY AFFIXING A SIGNATURE TO THIS REPORT
CARRIES THE SAME LEVEL OF AUTHENTICITY AND RESPONSIBILITY AS A LINK SIGNATURE ON A PAPER COPY REPORT.
" , - , - " - " " ��. - . " . . r . , . " . , , . , . . , ��. , . + . , . u . v v n n 1 4 �� u u v Y o u 1 r y v l n , 1 1 I W I U G U U a 7 G , 1 1 I t G I I U C U U b G I U C I I I I I U U I I t 1 I I t ' d ! K e t V d U ,
s t a t e m e n t o f a s s u m p t i o n s a n d l i m i t i n g c o n d i t i o n s , a n d c e r t i f i c a t i o n s . M o d i f i c a t i o n s , a d d i t i o n s , o r d e l e t i o n s t o t h e i n t e n d e d
u s e , i n t e n d e d u s e r , d e f i n i t i o n o f m a r k e t " e , o r a s s u m p t i o n s a n d l i m i t i n g c o n d i t i o n s n o t p e r m i t t e d . T h e a p p r a i s e r m a y
e x p a n d t h e s c o p e o f w o r k t o i n c l u d e a n ) i d i t i o n a l r e s e a r c h o r a n a l y s i s n e c e s s a r y b a L _ i o n t h e c o m p l e x i t y o f t h i s a p p r a i s a l
a s s i g n m e n t . M o d i f i c a t i o n s o r d e l e t i o n s t o t h e c e r t i f i c a t i o n s a r e a l s o n o t p e r m i t t e d . H o w e v e r , a d d i t i o n a l c e r t i f i c a t i o n s t h a t d o
n o t c o n s t i t u t e m a t e r i a l a l t e r a t i o n s t o t h i s a p p r a i s a l r e p o r t , s u c h a s t h o s e r e q u i r e d b y l a w o r t h o s e r e l a t e d t o t h e a p p r a i s e r ' s
c o n t i n u i n g e d u c a t i o n o r m e m b e r s h i p i n a n a p p r a i s a l o r g a n i z a t i o n , a r e p e r m i t t e d .
S C O P E O F W O R K : T h e s c o p e o f w o r k f o r t h i s a p p r a i s a l i s d e f i n e d b y t h e c o m p l e x i t y o f t h i s a p p r a i s a l a s s i g n m e n t a n d t h e
r e p o r t i n g r e q u i r e m e n t s o f t h i s a p p r a i s a l r e p o r t f o r m , i n c l u d i n g t h e f o l l o w i n g d e f i n i t i o n o f m a r k e t v a l u e , s t a t e m e n t o f
a s s u m p t i o n s a n d l i m i t i n g c o n d i t i o n s , a n d c e r t i f i c a t i o n s . T h e a p p r a i s e r m u s t , a t a m i n i m u m : ( 1 ) p e r f o r m a c o m p l e t e v i s u a l
i n s p e c t i o n o f t h e i n t e r i o r a n d e x t e r i o r a r e a s o f t h e s u b j e c t p r o p e r t y , ( 2 ) i n s p e c t t h e n e i g h b o r h o o d , ( 3 ) i n s p e c t e a c h o f t h e
c o m p a r a b l e s a l e s f r o m a t [ e a s t t h e s t r e e t , ( 4 ) r e s e a r c h , v e r i f y , a n d a n a l y z e d a t a f r o m r e l i a b l e p u b l i c a n d / o r p r i v a t e s o u r c e s ,
a n d ( 5 ) r e p o r t h i s o r h e r a n a l y s i s , o p i n i o n s , a n d c o n c l u s i o n s i n t h i s a p p r a i s a l r e p o r t .
I N T E N D E D U S E : T h e i n t e n d e d u s e o f t h i s a p p r a i s a l r e p o r t i s f o r t h e l e n d e r / c l i e n t t o e v a l u a t e t h e p r o p e r t y t h a t i s t h e
s u b j e c t o f t h i s a p p r a i s a l f o r a m o r t g a g e f i n a n c e t r a n s a c t i o n .
I N T E N D E D U S E R : T h e i n t e n d e d u s e r o f t h i s a p p r a i s a l r e p o r t i s t h e l e n d e r / c l i e n t .
D E F I N I T I O N O F M A R K E T V A L U E : T h e m o s t p r o b a b l e p r i c e w h i c h a p r o p e r t y s h o u l d b r i n g i n a c o m p e t i t i v e a n d o p e n
m a r k e t u n d e r a i l c o n d i t i o n s r e q u i s i t e t o a f a i r s a l e , t h e b u y e r a n d s e l l e r , e a c h a c t i n g p r u d e n t l y , k n o w l e d g e a b l y a n d a s s u m i n g
t h e p r i c e i s n o t a f f e c t e d b y u n d u e s t i m u l u s . I m p l i c i t i n t h i s d e f i n i t i o n i s t h e c o n s u m m a t i o n o f a s a l e a s o f a s p e c i f i e d d a t e a n d
t h e p a s s i n g o f t i t l e f r o m s e l l e r t o b u y e r u n d e r c o n d i t i o n s w h e r e b y : ( 1 ) b u y e r a n d s e l l e r a r e t y p i c a l l y m o t i v a t e d ; ( 2 ) b o t h
p a r t i e s a r e w e l l i n f o r m e d o r w e l l a d v i s e d , a n d e a c h a c t i n g i n w h a t h e o r s h e c o n s i d e r s h i s o r h e r o w n b e s t i n t e r e s t ; ( 3 ) a
r e a s o n a b l e t i m e i s a l l o w e d f o r e x p o s u r e i n t h e o p e n m a r k e t ; ( 4 ) p a y m e n t i s m a d e i n t e r m s o f c a s h i n U . S _ d o l l a r s o r i n t e r m s
o f f i n a n c i a l a r r a n g e m e n t s c o m p a r a b l e t h e r e t o ; a n d ( 5 ) t h e p r i c e r e p r e s e n t s t h e n o r m a l c o n s i d e r a t i o n f o r t h e p r o p e r t y s o l d
u n a f f e c t e d b y s p e c i a l o r c r e a t i v e f i n a n c i n g o r s a l e s c o n c e s s i o n s * g r a n t e d b y a n y o n e a s s o c i a t e d w i t h t h e s a l e .
* A d j u s t m e n t s t o t h e c o m p a r a b l e s m u s t b e m a d e f o r s p e c i a l o r c r e a t i v e f i n a n c i n g o r s a l e s c o n c e s s i o n s . N o a d j u s t m e n t s a r e
n e c e s s a r y f o r t h o s e c o s t s w h i c h a r e n o r m a l l y p a i d b y s e l l e r s a s a r e s u l t o f t r a d i t i o n o r l a w i n a m a r k e t a r e a ; t h e s e c o s t s a r e
r e a d i l y i d e n t i f i a b l e s i n c e t h e s e l l e r p a y s t h e s e c o s t s i n v i r t u a l l y a l l s a l e s t r a n s a c t i o n s _ S p e c i a l o r c r e a t i v e f i n a n c i n g
a d j u s t m e n t s c a n b e m a d e t o t h e c o m p a r a b l e p r o p e r t y b y c o m p a r i s o n s t o f i n a n c i n g t e r m s o f f e r e d b y a t h i r d p a r t y i n s t i t u t i o n a l
l e n d e r t h a t i s n o t a l r e a d y i n v o l v e d i n t h e p r o p e r t y o r t r a n s a c t i o n . A n y a d j u s t m e n t s h o u l d n o t b e c a l c u l a t e d o n a m e c h a n i c a l
d o l l a r f o r d o l l a r c o s t o f t h e f i n a n c i n g o r c o n c e s s i o n b u t t h e d o l l a r a m o u n t o f a n y a d j u s t m e n t s h o u l d a p p r o x i m a t e t h e m a r k e t ' s
r e a c t i o n t o t h e f i n a n c i n g o r c o n c e s s i o n s b a s e d o n t h e a p p r a i s e r ' s j u d g m e n t .
S T A T E M E N T O F A S S U M P T I O N S A N D L I M I T I N G C O N D I T I O N S : T h e a p p r a i s e r ' s c e r t i f i c a t i o n i n t h i s r e p o r t i s
s u b j e c t t o t h e f o l l o w i n g a s s u m p t i o n s a n d l i m i t i n g c o n d i t i o n s :
1 . T h e a p p r a i s e r w i l l n o t b e r e s p o n s i b l e f o r m a t t e r s o f a l e g a l n a t u r e t h a t a f f e c t e i t h e r t h e p r o p e r t y b e i n g a p p r a i s e d o r t h e t i t l e
t o i t , e x c e p t f o r i n f o r m a t i o n t h a t h e o r s h e b e c a m e a w a r e o f d u r i n g t h e r e s e a r c h i n v o l v e d i n p e r f o r m i n g t h i s a p p r a i s a l . T h e
a p p r a i s e r a s s u m e s t h a t t h e t i t l e i s g o o d a n d m a r k e t a b l e a n d w i l l n o t r e n d e r a n y o p i n i o n s a b o u t t h e t i t l e .
2 . T h e a p p r a i s e r h a s p r o v i d e d a s k e t c h i n t h i s a p p r a i s a l r e p o r t t o s h o w t h e a p p r o x i m a t e d i m e n s i o n s o f t h e i m p r o v e m e n t s .
T h e s k e t c h i s i n c l u d e d o n l y t o a s s i s t t h e r e a d e r i n v i s u a l i z i n g t h e p r o p e r t y a n d u n d e r s t a n d i n g t h e a p p r a i s e r ' s d e t e r m i n a t i o n
o f i t s s i z e .
3 . T h e a p p r a i s e r h a s e x a m i n e d t h e a v a i l a b l e f l o o d m a p s t h a t a r e p r o v i d e d b y t h e F e d e r a l E m e r g e n c y M a n a g e m e n t A g e n c y
( o r o t h e r d a t a s o u r c e s ) a n d h a s n o t e d i n t h i s a p p r a i s a l r e p o r t w h e t h e r a n y p o r t i o n o f t h e s u b j e c t s i t e i s l o c a t e d i n a n
i d e n t i f i e d S p e c i a l F l o o d H a z a r d A r e a . B e c a u s e t h e a p p r a i s e r i s n o t a s u r v e y o r , h e o r s h e m a k e s n o g u a r a n t e e s , e x p r e s s o r
i m p l i e d , r e g a r d i n g t h i s d e t e r m i n a t i o n .
4 . T h e a p p r a i s e r w i l l n o t g i v e t e s t i m o n y o r a p p e a r i n c o u r t b e c a u s e h e o r s h e m a d e a n a p p r a i s a l o f t h e p r o p e r t y i n q u e s t i o n ,
u n l e s s s p e c i f i c a r r a n g e m e n t s t o d o s o h a v e b e e n m a d e b e f o r e h a n d , o r a s o t h e r w i s e r e q u i r e d b y l a w .
5 . T h e a p p r a i s e r h a s n o t e d i n t h i s a p p r a i s a l r e p o r t a n y a d v e r s e c o n d i t i o n s ( s u c h a s n e e d e d r e p a i r s , d e t e r i o r a t i o n , t h e
p r e s e n c e o f h a z a r d o u s w a s t e s , t o x i c s u b s t a n c e s , e t c . ) o b s e r v e d d u r i n g t h e i n s p e c t i o n o f t h e s u b j e c t p r o p e r t y o r t h a t h e o r
s h e b e c a m e a w a r e o f d u r i n g t h e r e s e a r c h i n v o l v e d i n p e r f o r m i n g t h e a p p r a i s a l . U n l e s s o t h e r w i s e s t a t e d i n t h i s a p p r a i s a l
r e p o r t , t h e a p p r a i s e r h a s n o k n o w l e d g e o f a n y h i d d e n o r u n a p p a r e n t p h y s i c a l d e f i c i e n c i e s o r a d v e r s e c o n d i t i o n s o f t h e
p r o p e r t y ( s u c h a s b u t n o t l i m i t e d t o , n e e d e d r e p a i r s , d e t e r i o r a t i o n , t h e p r e s e n c e o f h a z a r d o u s w a s t e s , t o x i c s u b s t a n c e s ,
a d v e r s e e n v i r o n m e n t a l c o n d i t i o n s , e t c . ) t h a t w o u l d m a k e t h e p r o p e r t y l e s s v a l u a b l e , a n d h a s a s s u m e d t h a t t h e r e a r e n o s u c h
c o n d i t i o n s a n d m a k e s n o g u a r a n t e e s o r w a r r a n t i e s , e x p r e s s o r i m p l i e d . T h e a p p r a i s e r w i l l n o t b e r e s p o n s i b l e f o r a n y s u c h
c o n d i t i o n s t h a t d o e x i s t o r f o r a n y e n g i n e e r i n g o r t e s t i n g t h a t m i g h t b e r e q u i r e d t o d i s c o v e r w h e t h e r s u c h c o n d i t i o n s e x i s t
B e c a u s e t h e a p p r a i s e r i s n o t a n e x p e r t i n t h e f i e l d o f e n v i r o n m e n t a l h a z a r d s , t h i s a p p r a i s a l r e p o r t m u s t n o t b e c o n s i d e r e d a s
a n e n v i r o n m e n t a l a s s e s s m e n t o f t h e p r o p e r t y .
6 . T h e a p p r a i s e r h a s b a s e d h i s o r h e r a p p r a i s a l r e p o r t a n d v a l u a t i o n c o n c l u s i o n f o r a n a p p r a i s a l t h a t i s s u b j e c t t o s a t i s f a c t o r y
c o m p l e t i o n , r e p a i r s , o r a l t e r a t i o n s o n t h e a s s u m p t i o n t h a t t h e c o m p l e t i o n , r e p a i r s , o r a l t e r a t i o n s o f t h e s u b j e c t p r o p e r t y w i l l
b e p e r f o r m e d i n a p r o f e s s i o n a l m a n n e r .
2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition
of the improvements in factual, specific 'rms. I identified and reported the physica' 'aficiencies that could affect the
livability, soundness, or structural integi of the property.
3. 1 performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisai
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. i 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. 1 further certify that I considered the cost and income approaches to value but did not develop
them, unless otherwise indicated in this report.
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. I 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. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that
has been built or will be built on the land.
9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject
property and the comparable sales.
10. I 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.
11. I have knowledge and experience in appraising this type of property in this market area.
12. 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.
13. 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.
14. I 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, needed repairs, deterioration, 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. 1 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.
15. I 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.
16. I 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.
17. I 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, color, religion, sex, age, marital
status, handicap, familial status, or national origin of either the 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.
18. 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).
19. I 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.
211 liPE fifi I th' 1PnidPrirlipnt in thik Artnraicai rannrt whn iC the Sr. iieririnal nrnani7atinn nr ananf fnr tho nrnoni n ir,r +i, n4
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).
22. I 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.
23, The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage
insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part
of any mortgage finance transaction that involves any one or more of these parties.
24. 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.
2.5. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and /or
criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States
Code, Section 1001, et seq., or similar state laws.
SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that:
1. I 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. I 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
Name BRIAN CONNOR
Company Name WILLIAMS, MAXHEIMER, & ASSOCIATES LLC
Company Address POST OFFICE BOX 6577, SAVANNAH, GA 31414
Telephone Number (9121355 -1096
Email Address brianconnor@bellsouth.net
Date of Signature and Report 3'26/2007
Effective Date of Appraisal 6/3/2006
State Certification # 246744
or State License #
or Other (describe) State #
State GA
Expiration Date of Certification or License 1/31/2008
ADDRESS OF PROPERTY APPRAISED
10 LOVELL AVENUE
TYBEE ISLAND, GA 31328
APPRAISED VALUE OF SUBJECT PROPERTY $
LENDER /CLIENT
Name JOHN LIENTZ
1,575,000
Company Name BOUHAN, WILLIAMS & LEVY, LLP
Company Address POST OFFICE BOX 2139, SAVANNAH
Arlr1rnn, :,. i:....a.. rtie.,.,.�.... ..,.�
SUPERVISORY APPRAISER (ONLY IF REQUIRED)
Signature
Name
Company Name
Company Address
Telephone Number
Email Address I
Date of Signature
State Certification #
or State License #
State
Expiration Date of Certification or License
SUBJECT PROPERTY
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
ire Did not inspect exterior of comparable sales from street
[_j Did inspect exterior of comparable sales from street
Chatham County Board of Assessors: 2- 1 Property Record Card 4- 0003- 18 -00/
2011 Chatham County Board of Assessors
Property Record Card
APPRAISER tlwhitfi N PT LOT 5 & S PT LOT 4 WD 1 TYB EE
LAST INSP 05/01/2009
APPR ZONE 000008
SALES BOOK / INS VI QU RSN PRICE
PAGE
21 May 341H 0733 NA I U UE
2008
GRANTOR:LIENTZ MENEOLIA G ESTATE
GRANTEE:LIENTZ JAMES R JR ETAL*
12 Apr 2001 220Z 0273 NA I U UN
GRANTOR:LIENTZ JAMES JR ET AL
GRANTEE:LIENTZ MINEOLEA G
'PERMITS TYPE DATE AMOUNT
97 -101 SR 800
COMMENTS:
19 Apr 2011
26 Feb 2009
124 Oct 2008
24 Oct 2008
.14 Jul 2008
*ET AL JAMES R JR, JOHN G
LIENTZ & PRISCILLA L
HORNE
TY09 COA PER RETURN
2/26/09LHN TY09 RET VAL
ENT 2/26/09 LHN
COD 6/3/06
ADD CHG PER FORM 10/24/08
DLB
DOD MINEOLA 6/3/2006 PER
L3557 DOD JAMES 9/26/2000
*TY09 341 H733 ETAL: JOHN G
LIENTZ, PRISCILLA L HORNE
Page 1 of
4- 0003- 18 -00N
10 LOVELL AVE TYBEE ISLAM
LIENTZ JAMES R JR ET AL` CAMA
32 ISLAND DR 1,186,400
SAVANNAH GA 31406
29,700
[Click for larger picture]
I\ - 0 to (oS
Tern.Va�
ASMT
1,186,400 LAND 1
29,700 BLDG 1
11,500 ''11,50 OBXF 2
1,227,600 1,227,600 Cost - MS
CODES 41,2b0
PROPERTY 0006 RESIDENTIAL
USE
UTA 0004 Tybee Island
NBHD 020204.00 T204 TYBEE
BEACHFRON
EXEMPTIONS
HISTORY LAND IMPR � TOTAL
2011 1,186,400 41,200 1,227,600 Cam;
2010 1,186,400 41,200 1,227,600 Cam;
2009 1,825,000 88,000 1,913,000 Over
2008 1,913,000 NC
2007 754,500 88,000 842,500 Cam;
2006 754,500 88,000 842,500 Camp
2005 754,500 88,000 842,500 Cam
2004 551,000 65,000 616,000 Over
2003 551,000 65,000 616,000 Over
2002 616,000 NC
2001 348,500 65,000 413,500 Cam.
2000 348,500 65,000 413,500 Cam.
1999 137,500 65,000 202,500 Cam.
1998 137,500 65,500 203,000 Cam.
1997 137,500 62,500 200,000 Cam.
1996 62,440 65,280 127,720 Cam
1995 62,440 68,730 131,170 Cam
1994 62,440 80,670 143,110 Cam.
1993 62,440 31,900 94,340 Over
1992 62,440 31,900 94,340 Over
EXTRA FEATURES
ID# BLDG # SYSTEM DESC DIM 1 DIM 2 UNITS QL UNIT PRICE RCN AYB EYB DT ECON FUNC SP SP% RCNLD MKT VALUE
137060 84656 Roof Scr Por /Slab AV 0 0 1068.00 A 18.40 19,651 1970 1970 IR 8,843 8,800
,137061 84656 AV CPT FLAT /SHED RF 0 0 724.00 A 8.43 6,103 1970 1970 IR 2,746 2,700
LAND
ID# USE DESC FRONT DEPTH UNITS / TYPE PRICE ZONING LCTN TOPO OTHER ADJ1 ADJ2 ADJ3 ADJ4 MKT VALUE
108869 ATLANTIC OCEAN FRONT 54 157 54.00 -FF 32500.00 C2 DP4 1186400
E l Q�la -L or �2 rT c 44 Q.)
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2011 Chatham County Board of Assessors 4- 0003 -18 -004
Property Record Card
10 LOVELL AVE TYBEE ISLANC
BUILDING SECTION CONSTRUCTION TYPE RCN AYB EYB DEP TYPE PHYS ECON FUNC OBSV / % TOTAL DEP % RCNLD U.FACTOR MKT VAL
84656 -1 Residential 128,954 1920 1960 MS 77.00 0.00 0.00 0.00 77.00 29,659 29,700
24'
[Click for larger picture]
SECTION TYPE 1 - Main
AREA 2194
TYPE 5 - Duplex
FRAME 1 - Stud Frame
STYLE 2 - Two Story
QUALITY 3.00
CONDITION 3.00
# UNITS 0
# OF BEDS / BATHS / 1.20
COMPONENTS
R1 108 Frame, Siding, Wood
R2 208 Composition Shingle
R3 351 Warmed & Cooled Air
R4 402 Automatic Floor Cover Allowance
R6 601 Plumbing Fixtures ( #)
R6 602 Plumbing Rough -ins ( #)
R6 621 Slab on Grade (% or SF)
R6 642 Single 2 -Story Fireplace ( #)
Units % QUAL
100.00
100.00
100.00
9.00
1.00
1.00
100.00
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