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CEDARWODD DR_11.pdf
III CITY OF TYBEE ISLAND BUILDING PERMIT DATE ISSUED: 01-11-2013 PERMIT#: 130025 WORK DESCRIPTION ADD SC PORCH/BATHROOMS/WALLS WORK LOCATION 11 CEDARWOOD—PIN#4-0002-18-005 OWNER NAME EVELYN KELLY ADDRESS 828 WELLESLEY AVE CITY,ST,ZIP LOS ANGELES CA 90049 PHONE NUMBER CONTRACTOR NAME CONSOLIDATED SERVICES ADDRESS PO BOX 60593 CITY STATE ZIP SAVANNAH GA 31420 FLOOD ZONE Q .-2"7- t BUILDING VALUATION c1I cC c l s e P „_ VQ'-} e. SQUARE FOOTAGE r'N,cJ @r Q D,rJ re_, OCCUPANCY TYPE P TOTAL FEES CHARGED $456.00 f i PROPERTY IDENTIFICATION# PROJECT VALUATION $51,290.00 TOTAL BALANCE DUE: $456.00 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: M/11(1--- 6(- ��'Gr�1�w. P.0.Box 2749-403 Butler Avenue,Tybee Island,Georgia 31328 5 l u (912)786-4573-FAX(912)786-9539 / 5.a° www.cityoftybee.org J 5279 ° EE ",D City of Tybee Island • Community Development Dept. plk Inspection Report maim ��i 403 Butler Ave. • P.O. Box 2749 • Tybee Island, GA 31328 INTERN7ONAL -,,,,,„,,„..0.-� Phone 912.472-5032 + Fax 912.786.9539 CODE COUNCIL MEMBER Permit No. 1 3 - Z --* Date Requested /12 1.7 I Owner's Name e ' -i -- e LI Date Needed Gen. Contractor t...,o��.).. . .)rrt-x..:1J. Subcontractor Contact Information II &3 ,j '? -7Z: Project Address # I / t 1 r 4L.134) 6 r Scope of Work % 4 FA7?- 1,-,vt y s-'. ^ Inspector Date of Inspection Inspection ( .:)t) - xt . - Pass Fail ❑ Fee i1 1 -r :;1 Inspection Pass ❑ Fail Fee Inspection Pass ❑ Fail D Fee Inspection Pass 0 Fail II Fee 01 f 6;411 Fes 7.- q. �6 City of Tybee Island • Community Development Dept. =.� '� Inspection Report ���� 403 Butler Ave. P.®. Box 2749 • Tybee Island, GA 31328 ==:i ryr. �+ INTERNATIONAL �' ,. ° Phone 912.472-5032 • Fax 912.786.9539 CODE COUNCIL MEMBER Permit No. /3"-U°.61 Date Requested 0 61/71/3 Owner's Name :2-e i/ Date Needed 06 API 1..3 A'F7�, A JDal/ 1 Gen. Contractor LvA )5, So.'v!G'/� Subcontractor Contact Information 721L)V /a.6 f- 72 9 Project Address i / >J(D, tce k)oo 0 Scope of Work '9 P tO/ C q // ii N,QooMS /Gjlr?/i 6 1 Inspector PI Date of Inspection 6:�.:''r' Inspection /'1/ 11j L LL., - Pass 111 Fail ❑ Fee . 1 — 1,) ==. 1. ',;, r:i , �a ..�:U:,,.:} F . 041 )-1 ( 45 b-::"..-..,,--__ \ �" a', ?. 7. tti,-, �.<.,,,i "'A ' a`,-fir;,= - I�'I,)i ,J,.-.-ix..... _- .� Inspection 1--,,-,14 I i ,lr7,.__ - Fail ❑ Fee "'•- ts.t.,)-t r.. . f-f , I: 1 Y; k„ 'S 1 ;`�� 1.�, ,—,-4 i::: r %'i/ ^' (::_,....);>---;_-_, � 1:, ( i,.g y' � " -. ��. •,A.1.1")t" -a N),, i,)C j . ' , X+P' ,-- I ,..-"Inspection )--1 i4- L -Pit)))/77,— Pa Pa, :sin Fail El Fee -----\-- Inspection 1 A.a 1P-t i 1)EG ...>La - Pass Fail ❑ Fee Cil'7/ )(0 4CP 1 88E '1 rtnanr�°�4� CITY OF TYBEE ISLAND BUILDING PERMIT ADDED SCOPE AND VALUE DATE ISSUED: 05-20-2013 PERMIT#: 130025 WORK DESCRIPTION ADD SC PORCH/BATHROOMS/WALLS WORK LOCATION 11 CEDARWOOD OWNER NAME EVELYN KELLY ADDRESS 828 WELLESLEY AVE CITY,ST,ZIP LOS ANGELES CA 90049 PHONE NUMBER CONTRACTOR NAME CONSOLIDATED SERVICES ADDRESS PO BOX 60593 CITY STATE ZIP SAVANNAH GA 31420 FLOOD ZONE BUILDING VALUATION SQUARE FOOTAGE OCCUPANCY TYPE P TOTAL FEES CHARGED $536.00 PROPERTY IDENTIFICATION# PIN#4-0002-18-005 PROJECT VALUATION $61,310.00 Added $8,520 for elec/porch & sill/metal roof TOTAL BALANCE DUE: $ 68.00 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.cityoftybee.org Dianne Otto To: petrea @bellsouth.net Subject: FW: 11 Cedarwood/Kelly Tony, Below are the most recent figures for tracking of the FEMA/Tybee 50% rule at 11 Cedarwood. Appraisal 126,840 50% 63,420 Permit 13-0025 51,290 Feb. 27 add shower enclosure 1,500 May 20 add elec/porch & sill/metal roof 8,520 TOTAL 61,310 remainder 2,110 Dianne K. Otto, CFM City of Tybee Island Planning & Zoning Manager phone 912.472.5031 fax 912.786.9539 From: Dianne Otto Sent: Friday, April 12, 2013 12:11 PM To: petrea@ bellsouth.net Subject: 11 Cedarwood I Kelly Tony, Here are the numbers as of today for 11 Cedarwood. Appraisal 126,840 50% 63,420 Permit 13-0025 52,790 remainder 10,630 * * Need costs for additions to scope for foam insulation and electrical. Dianne K. Otto, CFM City of Tybee Island Planning & Zoning Manager phone 912.472.5031 1 Dianne Otto - From: Dianne Otto Sent: Friday, April 12, 2013 12:11 PM To: petrea @bellsouth.net Subject: 11 Cedarwood /Kelly Tony, Here are the numbers as of today for 11 Cedarwood. Appraisal 1 126,840 pg 50% 63,420 � (p 0° �1« • �a pO Permit 13-0025 52,790 remainder 10,630 * LOS * Need costs for additions to scope for foam insulation 1 00 Dianne K. Otto, CFM 'La't" City of Tybee Island �^ , Planning & Zoning Manager J • ('(3 ,,,,�11�'� phone 912.472.5031 ��t,-�f7`to 1 fax 912.786.9539 / �\ ' U J tie.�1-h t al 1700 V�b 11L✓ ?0 r(-114c*il V'D Pe''' ' ,,,„ ,-.-..c c?,T2 /A\ if 70\1 0 corn n o nn V pill O -( oanr. or% -1-04.$'4- + 10-S(a.ss osJ 6-44or% 1,0,1,t, 5.-.. 'II i -1—m64- i n a, 4--i-j 4- r"a y b-` a d. d t d -WI> 91... -0-4, (, 1. (044(4, e#IVA f/AIXDAP*\ ' 1 C6 1 ( ,5.- /(. 9- )i V City of Tybee Island . Planning & Zoning Dept. IMILIk% Inspection Report Ilimm.,- ImmIkilk , ■,`,-, 4 / 1 li.V.ir.a / 403 Butler Ave. • P.O. Box 2749 • Tybee Island, GA 31328 ;1"-i INTERNMIONAL Phone 912.472.5032 • Fax 912.786.9539 CODECOUNCII: MEMBER Permit No. ,,) 2 5-- Date Requested ,_-2 - 1 3 ; - ...___, Owner's Name V,0 I I Y' Date Needed es / (j Gen.Gen. Contractor L. 00_co( Sr v L S . Subcontractor .....----- - --2 ' -, ---, - ..) ( - , ..., Contact Information 1 C) n) .. ,_.:.,, ,.,_•. e' / --- . 1 Project Address ; 1 Cecia— LjoDat (A \ (-1. ---=) ■ , Scope of Work - (2- _ ,, C- C e....c2_ 2_0 \ ' ')( 6 k / 1 0.c24-1•-)r.T..30 1/11 51 1,,, J(211 i Inspector / / Date of Inspection ' /21- / , ) Inspection Li r, ,:-.1 4'''' /-- '' •-• Pass Fail El Fee 6- -2Jfy t i, u, ..,-- \ Inspection ' , `,1) h e, I e (i, Pass El y, airEl Fee Inspection 3 '-) (' p c , 9 Pass. El f-ests... EAWEI Fee / 0 Inspection ----).---7,7;t7=--,,-7----4-7-4 1 1-16 /,--)--.-- Pass 0 Fail 0 Fee 11740r 1 �,tw.e •'- —-� wig City of Tybee Island • Planning & Zoning Dept. D r cp ■ - Inspection Report ���t 403 Butler Ave. • P.O. Box 2749 • Tybee Island, GA 31 INTERZONAL Phone 912.472.5032 • Fax 912.786.9539 MOECOUNCL MEMBER Permit No. C ? Date Requested I — Owner's Name Date Needed - a . - I r Gen. Contractor k, a r,' . p°.f L C S . Subcontractor Contact Information Q r, n th 7 Project Address \ \ 0 e O.?" („.) 3 c7.1 1 Scope of Work ^. d3 cCi �e �, _� °*, T r <_ -, r, k � �� ,� r � � � � ( Inspector Date of Inspection Inspection Pass 111`, Fail El Fee 1,s Inspection Pass ❑ Fail ❑ Fee Inspection Pass El Fail ❑ Fee Inspection Pass ❑ Fail ❑ Fee (ci, CITY OF TYBEE ISLAND BUILDING PERMIT ADDED SCOPE AND VALUE DATE ISSUED: 01->IgICL3 PERMIT#: 130025 7 -27-13 WORK DESCRIPTION ADD SC PORCH/BATHROOMS/WALLS WORK LOCATION 11 CEDARWOOD OWNER NAME EVELYN KELLY ADDRESS 828 WELLESLEY AVE CITY,ST,ZIP LOS ANGELES CA 90049 PHONE NUMBER CONTRACTOR NAME CONSOLIDATED SERVICES ADDRESS PO BOX 60593 CITY STATE ZIP SAVANNAH GA 31420 FLOOD ZONE BUILDING VALUATION SQUARE FOOTAGE OCCUPANCY TYPE P TOTAL FEES CHARGED $468.00 PROPERTY IDENTIFICATION# PROJECT VALUATION $52,790.00 ADDED$1,500 FOR SHOWER ENCLOSURE TOTAL BALANCE DUE: $ 12.00 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. 0 .. Signature of Building Inspector or Authorized Agent: a�,�j_ ..,, I. / , r r / P.O.Box 2749-403 Butler Avenue,Tybee Island,Georgia 31328 (912)786-4573-FAX(912)786-9539 www.cityoftybee.org • , . it /3 0� City of Tybee Island, Georgia �, � �,,�, 912-472-5033 or 912-472-5031 - Fax 912-786-9539 APPLICATION FOR BUILDING PERMIT ,; 1 Property Address: elaQeve.t✓-Dr. LI -Ooo2- r -o Name Mailing Address Telephone Home: .3/©- X42- 090z- Owner ‘-..'71/ -yid k&1-6-1 Cell: .3/ ° -lot?' 6977 Architect or Engineer CoNsoled. - rgo- 6 0,c- lv0..r5'3 Home: 4/L- "zZZ- Contractor 5�``0'c¢s / ',efre'l ,S xi-.ia.,vv,Q-„/- 6A ?/3r2e Cell: q/z.-Gor'8-7LJ9 1,231 (Check all that apply) ❑ Single Family ii overy/Tearout LI Demolition of Structure [(upiex ootprint Changes—new IR Other 5 eAa - '° -'1 M ❑ Multi-Family units _square feet heated/cooled ❑ Commercial units , Details of Project: Add cX 45'' 1/454- s P6;1-6e-Q ees-1 Ste- s-P b o /0)""r• h o,.•t d,.,,,,,,;,..0,,i 5-4-q P s, A.... C Sze.-- / 4"i A.0 A c yvvr-t t2- /31 6v44..,.0 .I 0 H-v a c be,cat 5 c CL.e....s t2n .o-v-t��d tn�lam- rt to RS siit,Owe . £1"A, , ci.-1 A5ilue04ec! 1 Estimated Cost of Construction: $ ,5) 290• - (materials+labor+profit/overhead) If applicable, attach a copy of the certified elevation certificate and/or survey of the property. Depending upon the scope of the work, two sets of construction drawings and/or a site plan may be required. Year Built: Listed on National Historic Register or located within a National Historic District? Y / N *Buildings older than 50 years may be eligible to be listed on the State/National Register. With this designation, you may be eligible to take advantage of various tax incentive programs while preserving the heritage of Tybee Island. *Also see the Tybee Island Land Development Code Article 14: Historic Preservation During construction: On-site restroom facilities will be provided through ON S I`-2- - . Construction debris will be disposed by Co as �a oc- C by means of Don-Ph-WA . I understand that I must comply with zoning, flood damage control, building, fire, shore protection and wetland ordinances, FEMA regulations and all applicable codes and regulations. I realize that I must ensure the adequacy of drainage of this property so that surrounding property is in no way adversely affected as required by Article 16, Stormwater Management. I accept responsibility for any corrective action that may be necessary to restore drainage impaired by this permitted struction. � .-- _i FEES Date: g 3 Signature of Applicant.�V�-t Permit Printed Name T�d.� �. • Q 1.-TQ-e A Inspections Note:A permit normally takes 7 to 10 days to process Cap Cost Rec Water Tap Approvals: • t - ate Eng. Fees b Planning &Zoning Manager 111,,.. g 9 9 9 ��„_�■ � Aid to Const. Building Official j_ l �i �� Water/Sewer Storm/Drainage City Manager TOTAL LEAD-BASED PAINT RRP RULES Ordinary renovation and maintenance activities can create dust that contains lead. 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. After April 22, 2010, federal law will require you to be certified and to use lead-safe work practices. Georgia Environmental Protection Division Lead-Based Paint and Asbestos Program (404) 363-7026. Projects must be done by a Certified Lead Renovation Firm AND a Certified Renovator When disturbing lead-based painted or coated surfaces or components more than 6 ft2 per interior room or 20 ft2 of exterior surfaces AND all window replacements and partial demolitions of any size. * * * * * * * * * * * * * * * * * * * * * 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 project. * * * * * * * * * * * * * * * * * * * * * BMPs While BMP deficiencies are not necessarily the fault of the owner or his agent, BMPs are their responsibility. Two areas of deficiencies are in the most basic and common BMPs; Co — Construction Exit and Sd1 — Sediment Barrier. Correct installation information can be found in the Field Manual for Erosion and Sediment Control in Georgia, Fourth Edition 2002, Georgia Soil and Water Conservation Commission; http://vvww.gaswcc.org/docs/field_manual_4ed.pdf. Problems with the Co is not limited to the installation, but to material. The stone will be a representation of 1.5"-3.5" stone or larger. Type A sediment barriers have been installed where Type C is required and shown on the permit drawings. Where two rows are called for they will be installed with a separation that allows for the first one to fail (fall over) without impacting the second one. The complete assembly and installation must be compliant; steel or wood posts, pos , Type C or A. Signature for receipt of Lead Paint, Asbestos, and BMP notices. Date LaNy t erc/� Printed Name I 1 Gam. CEDARW00D bj? $ ��Sa cY� 6e1214.�1- S 3so �' 2 aC S 68°15'00"E l °0', kb�� Q r� 49.28' �1. . S`e�� %/2- -7 4, _ 5/8• `� ' RBS o �� ®mil t fy l� 5/6 PORCH /'� rj x ) t /l w 1 z // o V y ., x� '' m� STORY Irn ,, „,,- d X ,r BLDG L' 1°:,., ,4 0...... LOT 3 W a - til �� LOT I 0.' ' xX 19.7' 0 CO ' ` C\t Q) Xi , • i z P tn 1) �' � LOT 2 .. i.0�' ' � 5/8" RB 1" II'F 01' IPF N 61'36'21"W 59.94' 3.38' BAYWOOD AVENUE 60' R/W (UNOPENED) PLAT OF LOT 2, BLOCK 15, FORT SCREVEN WARD, TYBEE ISLAND, CHATHAM COUNTY, GEORGIA STREET ADDRESS:11 CEDARIPOOD DRIVE FOR: TANIS BOND REFERENCE; FRB Q 73 SUB A 94-C ACCORDING TO THE F.LR.M. DATED 9/26/08 THIS LOT IS WPIHIN THE 100 YEAR FLOOD ZONE. EQUIPMENT: TOPCON AP-L1A ERROR OF CLOSURE: oc�ORGL4 LINEAR: 1/- ANG: —/ANGLE c,VSTE.p, BALANCED BY: - d. WHI+EY REYNOLDS • 4� PLAT: 1/48,000 LAND SURVEYOR . 0 30 636 STEPHENSON AVENUE . a 0__�� i SUITE C �, SCALE: 1" =30' SAVANNAH, GEORGIA 31405 * LE s '' DATE: JULY 30, 2012 SURVEY TELEPHONE: 912-352--0464 y R DATE: JULY 31, 2012 PLAT FAX: 912- 352-7787 �— FILE NO. 12-53 1 .�wpproved Set of Plans Mu � �` ' Reman on Job Site at Alt Times' 1` 9 el RRYIRW POi 0Q�� OMfi.IANAN ..„A,4---) y m , 14-T ' R .. tl� Every effort has been made to Id i `4 & - � �e code violations, no oversigftt reviewer shall be construes`'au ,� ,�A to violate, cancel, alter or aside ,�� any applicable codes or ordin nces.The x - '` review and permit should not be construed \ - poi,--406140104 as a warranty or guarantee. �-- `. Reviewed By TZt-1 Date 1 ingt,. / _,._ f ALL et101001.01CtION il1[tS . ; WITH '•ti — ; Q S Tt i n-�� , ,. - tRc On ;' , TWO ..— ,Or ,8 16C.A rr l l4AgILY DWELL), COD r-.- A STAGE 4P , $ Nr$. 7 , I All Plumbing Inatallatlo r must GFCI Protection required for comply with The Interne,one! PI mbing receptacles In bathrooms,garages, Cade...--Edition nd St a outdoors, and along Kitchen ell Georgia Amendment:. countertops. IRC'v 311.5.6, I _L1012.1 HANDRAILS REQ IRED. 34”to 38" in heigh with continuous, '• :)rc-t4- To C6E uninterrupted grip. e. ? 4 , . 1 ft'\Vire e r-, -,,,,-;• e' ,,,,,,----' ,,,,,, - F,‘41•,- P- „ -- 4,------i k.,, .--. —,----- - ?Dore_ . ,,,,,: : • .. _ . , 1 . , . , 1 . • - _ _.._,.__, • 3,k...3 X:, 1 ....:. . ty\ ■Ki ?„' b4__1 ow .,)< k..s 4-( it.) ------- --- -- - ---- G c ” iud _e_lizt..) A-4 t /../ - , - (ILI I 9 0 * 3(21,4 INTERIOR PIERS PER FEMA REQUIREMENTS MINIMUM FOOTING 36 INCHES BY 36 INCHES WIDE BY 20 INCHES THICK. BOTTOM OF FOOTING MUST BE A — Vi i — MINIMUM 36 INCHES BELOW GRADE, - - 41/ Crer!ip4a,A,,) ct , ,• —1-0 toil ?eacc ,,,-.. ccv,_ ,g tp,- 65 s- 72,S6r - 42 ( . . "/ ./ 1 0 ' ' '4. -2 ./ f-- - / 7 1 1*- . - --- --- ' . I , _. _ ._ _____ _ _-_:,.__-___ .-7- ---..-i ..-71- ...1-__:_.:. 1..7 7.1":2:-.•:___•71:7_-..-17---:'---7.------— — — __ _ _______. I - .— ,1 _ r- -- i 1 if ---i„ 1 1 '----1 ( . \C-% 1 ' / • 1 , ,___ ,.. . i. .. 7.--,-, .. , .• 1 . • \ i. :.---% -- '''s cll ■ 1 .--n . ...------1 \ I I I \ ,' ----- \ •:-1":,-:--I,..-1 4,N...._.-L, , I tt, ,; 1 \i • , I 1 • _1.--__7_-_,..J.2,,_..---_,L,....›..,._:.... ,. .-• ; - . _ . • [ , ' -' . . ,L 0" 1)1.){\.•r cr.::::, •-- i 1 , • i4 I H.- t ----) I r - F./ i " . . k • • ,..4 • i , i . i I - , 1 - •• CLL-,....r. ,- / i ....... .:1! ' t i . i I i . ......\'------ ,./\ \----1 ------, ,. 20: 1 Lf4s- . + / I 1 --- ---".-- :1-7:__ ..l' 74 / 4.--- ....._—_. 'f-■ ----„,,, . ,••■•••••-e,,..--,---7 t 1 j 1 1 t 1 1 . 1 , --.., . -i-Li--. • li ' 4, -— - ------ "----—- L2 4 / I H.0 1.-r' i5 e,:./' /1 3 2 " i LIP . (CO i‘--.-e'1 . g&-••r . 1 ___ __ __-,,v ,.....____ . 1. -, \ ,..„.1 , , ____ ,,,...__ _ , \ ,/ - iL.: --)--___ 4' 2-- i CLC 5 - , , \ i I t i / —,-.. 1 ! , ,..H. r (...5 • T - .] w . 11 i A, I rcE L_T:<1( -c._ P t\Kp..: L- . i t---V.,0E-,1 .- - . • tt , / ' i 1 ,.1_,L).__.1 o_t --- I i i ' .1._---....--i I- r)■ . 1 -11 ' — - 1 P - . :-1 4 , 51'UV I ; 1 i \ 1 I . —- 1 , ,P (1 L.) I k-..." ( ) : . 4 , ,----- I _,..,1_, _. 11_14_4 I ' ----- -TV -- ' : . _ ________ 11 1 ' • , , [ ' I / 'SIMI Protection required for /I 15; i / /6/ • teceptacies in bathrooms,garages, ' outdoors,and along Kitchen — - / tountepitops. 1 , 1 A 001( OP 71 ,(9A)S6 e 1 r' 1 ' c?/ „..., c,. 1 , , '''''''''''— C) P . i ,_ •1 C .2 1 I GC b x1P--1-1003 • ARC-FAULTRCyff ir 41.41r Ewa. .I. _ e _ 74- ... ._. NEC 210.12 201/ Dwelling Units. All 120-volt,single 1/I/ phase, 15- and 20-ampere branch circuits supplying outlets -)( -: - ' 1 installed in dwelling unit family rooms, dining_rooms,.___________ . ._. living rooms, parlors, libraries, dens, bedrooms, sunrooms, I recreation rooms, closets, hallways, or similar rooms or 404( , areas shall be protected by a listed arc-fault circ-uit .4, Lcie,..444-icrill . interrupter, combination type, installed to prde protection of the branch circuit. -Ai- ..), 9) 14401)1--.1: ,,.. To '„ ,ketAL.4-i ik-X-1 . v.,.., ) 12acc"-y,-- , I',•9 .",-5440 ,c _rec.:4 ( „re„ d c,„2_ cE3 isz,Uts 0(--- ti-1----g 'I _ as■ 0 IL)D IA,67" 0 r e 9 6,4 el --)// P 02_r I ---its-( r) ` . ~~fA'~ -Of if L� ~ :, ~~=~~~= � /. , ��) o _ \ '--'---- — — -- ------------ —__—___________ ____ /�7 | -__'-_- ---'—'---'— -------' -- -'---' '__ �z�N. �' — _ _--___-_-____'� ---- -.---- ____- . ^ / __' '- __ ' ! � . / ~�/ / , �~- '\ /, . ' ' 1C-+ \__'. ---_-- / _ | / -----`/ ' -----' — | |� |� | � � rH\ 1/ . ` .. so�r/af i —. f'O�/—H! ..1., '--- | � «. • /N....._ —�°�\ g| | \ // |. — — ^r ^ / \ L�/ - ' / I | i i ' ~ _~) �/ L. `_ — /, __L________ _�� |- !|l / � |/ . - ~ � ! � . _ | ` � '\ '441 1 / ` �i ! �� `` —`| 't ) /| |/ / � ! • / i �//. y ' J — | 4 4 ~ . ---1.__________L� . . � —4�� _ � T- ^' -_ _--_ arum ---- � —___— ' . � / ' --- .. , ~' , __ __��(} �.' , ' / __ �___ __ _ -'-- ---' � _ __ -�����--f���_______ _____ �__ �- '--_�=� -- ___-__�_�_~_.�,�___ . / -- + / �. - c' ���'7� / pc/ii c_...) ._- / 5 /-/�o[' /_ ~_ . (,/ | ^ �Z = / | ' . ,�^ / l- `_ , . / Chatham County Board of Assessors: 2( Property Record Card 4-0002-18-005 Page 1 of 2 2012 Chatham County Board of Assessors 4-0002-18-005 Property Record Card 11 CEDARWOOD DR TYBEE ISLAND APPRAISER tlwhitfi LOT 2 BLOCK 15 FORT SCREVEN WARD BOND TANIS M CAMA ASMT LAST INSP 06/06/2007 2 WESTFERRY COURT 159,100 159,100 LAND 2 APPR ZONE 000008 SAVANNAH GA 31411 63,800 63,800 BLDG 1 I 1,700 1,700 OBXF 2 224,600 224,600 Cost-MS SALES BOOK/ INS VI QU RSN PRICE CODES PAGE PROPERTY 0006 RESIDENTIAL 18 Aug 214R 0524 WD I Q 175,000 : USE 2000 f :''° UTA 0004 Tybee Island GRANTOR:COBB MICHELLE GRANTEE:BOND TANIS M "� NBHD 020270.00 T270 TYBEE 25 Nov 189L 0583 NA I Q 100,000 +'� SCREVEN 1997 41': " GRANTOR:KIBLER THOMAS C , �' 44i GRANTEE:COBB MICHELE �g` i HISTORY LAND IMPR TOTAL 02 Mar 171R 0360 NA I U U8 ` N. 2011 209,000 45,700 254,700 Cama 1995 �,, 2010 296,400 45,700 342,100 Cama GRANTOR:KIBLER HELEN G - 2009 296,500 102,000 398,500 Over I GRANTEE:KIBLER THOMAS C 2008 296,500 102,000 398,500 Cama 10 Aug 168R 0203 QC I U U8 2007 296,500 102,000 398,500 Cama 1994 GRANTOR:KIBLER HELEN G 2006 308,500 69,500 378,000 Cama GRANTEE:KIBLER THOMAS C [Click for larger picture] 2005 130,500 102,000 232,500 Cama 14 Sep 162F 0284 NA I U UN 2004 154,000 92,000 246,000 Cama 1993 „ter 2003 110,000 92,000 202,000 Cama GRANTOR:KIBLER MILTON ( j :" r Chatharn County GRANTEE:KIBLER HELEN G R� SAG 16 " - , Tax Commissioner 2002 88,500 118,000 206,500 Cama GRANTEE:KIBLER Prr�pt}Tax Star=rrknt 2001 83,500 85,500 169,000 Cama COMMENTS: 2000 66,000 72,500 138,500 Cama 28 Jun 2005 ADD CHG PER POCARD A r p c-Q,s4,' 1999 27,000 72,500 99,500 Cama 06/28/05 JM r 1998 27,000 73,500 100,500 Cama 12 Dec 2000 TY2000 HS10 REMVD NVJ 12- I`O `4 3 42.° 1997 27,000 70,000 97,000 Cama 12-00 l 2.(p, g� k % / 1996 16,000 30,570 46,570 Over 15 Aug 2000 FOR SALE 07/14/00$195,000 .- 51 2Q Q 1995 16,000 30,570 46,570 Over 06 Mar 2000 FOR SALE 3/3/00$195,000 1994 16,000 30,570 46,570 Over 01 Jun 1998 TY95*HELEN G KIBLER 1993 16,000 30,570 46,570 Over DECEASED 'fr JJ (� I 1992 16,000 30,570 46,570 Over 01 Jun 1998 REAR OF PROP RENTAUAP ��, ` e fray"l mac/ 6-01-98 ES 12 Nov 1997 ADD CHG 11-12-97 DH PER OWNER 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 136390 84364 Roof Scr Por/Slab AV 0 0 120.00 A 21.40 2,568 1975 1975 IR 1,412 1,400 136391 84364 WOOD DECK AV 0 0 120.00 A 12.14 1,457 1975 1975 2R 291 300 LAND ID# USE DESC FRONT DEPTH UNITS/TYPE PRICE ZONING LCTN TOPO OTHER ADJ1 ADJ2 ADJ3 ADJ4 MKT VALUE 1108437 SINGLE FAMILY RES 0 0 7,000.00-SF 42.00 R1 149900 108438 SINGLE FAMILY RES 0 0 1,712.00-SF 42.00 R1 SZ-75 9200 http://boa.chathamcounty.org/DesktopModules/ChathamCounty/BoardofAssessors/PropertyRecordCard.asp... 1/10/2013 Chatham County Board of Assessors. X12 Property Record Card 4-0002-18-C Page 2 of 2 2012 Chatham County Board of Assessors 4-0002-18-005 Property Record Card 11 CEDARWOOD DR TYBEE ISLAND BUILDING SECTION CONSTRUCTION TYPE RCN AYB EYB DEP TYPE PHYS ECON FUNC OBSV/% TOTAL DEP% RCNLD U.FACTOR MKT VAL 84364-1-2012 Residential 99,961 1975 MS 45.00 0.00 0.00 0.00 45.00 54,979 63,800 SECTION TYPE 1 -Main AREA 1320 TYPE 1 -Single-family Residence FRAME 1 -Stud Frame 10 STYLE 1 -One Story QUALITY 3.00 ■sPO CONDITION 3.00 :creel.Porch On• }aa 56 6'- #UNITS 0 #OF BEDS/BATHS 4/2.10 COMPONENTS Units % QUAL z ■loo won' R1 108 Frame,Siding,Wood 100.00 Base Living Area 'ood Dec 1320 120 R2 208 Composition Shingle 100.00 R3 351 Warmed&Cooled Air 100.00 66 6 R4 402 Automatic Floor Cover Allowance R6 601 Plumbing Fixtures(#) 12.00 • R6 622 Raised Subfloor(%or SF) 100.00 R6 641 Single 1-Story Fireplace(#) 1.00 [Click for larger picture] http://boa.chathamcounty.org/DesktopModules/ChathamCounty/BoardofAssessors/PropertyRecordCard.asp... 1/10/2013 . Small Residential Income Property Appraisal h„4ort File# 12z-20343 The purpose of this summary appraisal report Is to provide the lender/client with an accurate,and adequately supported,opinion of the market value of the subject property. Property Address 11 CEDARWOOD DRIVE City TYBEE ISLAND State GA Zip Code 31328 Borrower EVELYN KELLY Owner of Public Record TANIS M.BOND County CHATHAM Legal Description LOT 2,BLOCK 15,FORT WARD Assessor's Parcel#4-0002-18-005 Tax Year 2011 R.E.Taxes$ 2,617 UNeighborhood Name TYBEE ISLAND Map Reference 4-2-15-5 Census Tract 0111.03 B Occupant ❑Owner ❑1C Tenant ❑Vacant Special Assessments$NONE ❑PUD HOA$ N/A ❑per year ❑per month E Property Rights Appraised®Fee Simple ❑Leasehold ❑Other(describe) C Assignment Type Purchase Transaction ❑Refinance Transaction ❑Other(describe) T Lender/Client SYNOVUS MORTGAGE CORP. Address 2204 LAKESHORE DRIVE STE.325 BIRMINGHAM AL 35209 . 'CE lVED 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? ©Yes ❑ :.� Report data source(s)used,offering price(s),and date(s). THE SUBJECT IS CURRENTLY LISTED FOR$329,000. MLS#100794 , `!3. I['did❑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. THE SUBJECT IS CURRENTLY UNDER CONTRACT FOR$329,000. C • Contract Price$329,000 Date of Contract 07/25/2012 Is the property seller the owner of public record? ©Yes ❑No Data Source(s) DEED T Is there any financial assistance(loan charges,sale concessions,gift or downpayment assistance,etc.)to be paid by any party on behalf of the borrower? ❑Yes ©No R If Yes,report the total dollar amount and describe the items to be paid. A NONE C T Note:Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood Characteristics 2-4 Unit Housing Trends 2-4 Unit Housing Present Land Use% Location❑Urban ©Suburban❑Rural Property Values❑Increasing ®Stable ❑Declining PRICE AGE One-Unit 70 V. Built-Up ['Over 75%❑25-75% ❑Under 25% Demand/Supply❑Shortage ['In Balance❑Over Supply $(000) (yrs) 15 % Growth ❑Rapid ®Stable ❑Slow Marketing Time Multi-Family Unit rg ❑Under 3 mths ❑3-6 mths ®Over 6 mths 150 Low 0 Multi-Family 5 % Neighborhood Boundaries 1 500 High 100 Commercial 15 % N THE ENTIRE NEIGHBORHOOD CONSISTS OF TYBEE ISLAND AND SPANISH HAMMOCK. E 400 Pred.45 Other 0 I Neighborhood Description TYBEE ISLAND IS A 25 MINUTE DRIVE EAST OF SAVANNAH VIA U.S.HIGHWAY 80.IT IS A MAJOR ATTRACTION FOR SUMMER VACATIONERS AND IS A PERMANENT HOME TO ABOUT 3500 CHATHAM COUNTY RESIDENTS.PROPERTY VALUES VARY TREMENDOUSLY ACCORDING TO LOCATION,VIEW,AGE AND SIZE.MOST PERMANENT RESIDENTS ARE EMPLOYED IN THE SAVANNAH JOB MARKET.THERE ARE NO APPARENT ADVERSE FACTORS WHICH SHOULD AFFECT THE SUBJECT' S MARKETABILITY. Market Conditions(including support for the above conclusions) GENERAL MARKET CONDITIONS ARE FAIR WITHIN SAVANNAH'S REAL ESTATE MARKET. MARKETING TIMES MAY EXCEED SIX MONTHS. Dimensions SEE ATTACHED PLAT Area 8,712 SF Shape IRREGULAR View SIMILAR PROPS Specific Zoning Classification R-1 Zoning Description RESIDENTIAL Zoning Compliance Legal ❑Legal Nonconforming(Grandfathered Use) El No Zoning ❑Illegal(describe) Is the highest and best use of subject property as improved(or as proposed per plans and specifications)the present use? ['Yes ❑No If No,describe. Utilities Public Other(describe) Public Other(describe) Off-site Improvements-Type Public Private S Electricity Q ❑ Water ❑K ❑ Street PAVED/ASPHALT [' ❑ TGas ❑ © BOTTLED Sanitary Sewer [' ❑ Alley NONE ❑ ❑ E FEMA Special Flood Hazard Area©Yes ❑No FEMA Flood Zone AE FEMA Map# 13051CO213F FEMA Map Date 09/26/2008 Are the utilities and off-site improvements typical for the market area? Yes ❑No If No,describe Are there any adverse site conditions or extemal factors(easements,encroachments,environmental conditions,land uses,etc.)? ❑Yes Q No If Yes,describe THERE WERE NO APPARENT ADVERSE EASEMENTS OR ENCROACHMENTS OBSERVED THAT WOULD NEGATIVELY AFFECT THE SUBJECT PROPERTY VALUE.THE SIZE,SHAPE AND LANDSCAPING ARE TYPICAL OF MANY SITES IN THE NEIGHBORHOOD.(FLOOD ZONE IS SUBJECT TO SURVEY) General Description Foundation ifitiderlor Description materials/condition Interior m arils/conditlon Units['Two ❑Three ❑Four ❑Concrete Slab ['Crawl Space Foundation Walls MASONRY/AVG Floors TILE,CPT,WD/AVG El Accessory Unit(describe below) ❑Full Basement ❑Partial Basement Exterior Walls SIDING/AVERAGE Walls WD,DRYLUAVG #of Stories 1 #of bldgs.1 Basement Area 0 sq.ft. Roof Surface SHINGLE/AVERAGE Trim/Finish WOOD/AVG Type©Del.❑AB.❑S-Det./End Unit Basement Finish 0 % Gutters&Downspouts NONE Bath Floor CER TILE/AVG ['Existing ❑Proposed❑Under Const. ❑Outside Entry/Exit ❑Sump Pump Window Type WOOD D/H/AVG Bath Wainscot F'GLASS/AVG Design(Style)1-STY/DUPLEX Evidence of❑Infestation� Storm Sash/Insulated NONE Car Storage Year Built 1975. El Dampness ['Settlement Screens SOME/AVERAGE ['None I Effective Age(Yrs)20 M Heating/Cooling Amenities ❑Driveway #of Cars OPEN R Attic ❑None ['FWA ❑HWBB ❑Ratliant ❑Fireplace(s)#0 ❑WoodStove(s)#_ Driveway Surface UNPAVED O❑Drop Stair ❑Stairs ❑Other Fuel ELECTRIC ❑Patio/Deck NON ['Fence WOOD ❑Garage #of Cam E❑Floor ©Scuttle ©Central Air Conditioning ❑Pool NONE ['Porch COVERED ❑Carport #of Cam E.❑Finished ❑Healed ❑Individual ❑Omer QOther SCREEN PORCH ❑AIL ❑Det ❑Built-in T #of Appliances Refrigerator 2 Range/Oven 2 Dishwasher 0 Disposal 0 Microwave 0 Washer/Dryer 0 Other(describe) 0 5 Unit#1 contains: 3 Rooms 1 Bedroom(s) 1 Bath(s) 659 Square Feet of Gross Living Area Unit#2 contains: 3 Rooms 1 Bedroom(s) 1 Bath(s) 659 Square Feet of Gross Living Area Unit#3 contains: 0 Rooms 0 Bedroom(s) 0 Bath(s) 0 Square Feet of Gross Living Area Unit#4 contains: 0 Rooms 0 Bedroom(s) '0 Bath(s) 0 Square Feet of Gross Living Area Additional features(special energy efficient items,etc.) COVERED PORCH,SCREEN PORCH,FENCE,STANDARD INSULATION. . Describe the condition of the property(including needed repairs,deterioration,renovations,remodeling,etc.). THE SUBJECT PROPERTY APPEARS TO BE IN AVERAGE CONDITION.QUALITY OF CONSTRUCTION IS CONSIDERED TO BE AVERAGE BY LOCAL STANDARDS AND BUILDING CODES. Freddie Mac Form 72 March 2005 Page 1 of 7 Fannie Mae Form 1025 March 2005 Al Ready Si.__ri Residential Income Property Appraisal Report File# 12z-20343 Are there any physical deficiencies or adverse conditions that affect the livability,soundness,or structural integrity of the property? ❑Yes ©No If Yes,describe I THE APPRAISER IS NOT QUALIFIED TO MAKE ASSESSMENTS ON THESE ISSUES.IT IS STRONGLY RECOMMENDED THAT A QUALIFIED INDIVIDUAL DO AN M INSPECTION OF THE SUBJECT PROPERTY. P R vDoes the property generally conform to the neighborhood(functional utility,style,condition,use,construction,etc)? RI Yes ❑No If No,describe E THE SUBJECT PROPERTY CONFORMS WITH THE SURROUNDING NEIGHBORHOOD WITH RESPECT TO FUNCTIONAL UTILITY,STYLE,CONDITION,USE AND QUALITY M CONSTRUCTION. E N T 5 Is the prope subject to rent control? ❑Yes ❑7C No If Yes,describe The foli)If properties represent the most current,similar,and proximate comparable rental properties to the subject property.This analysis is intended to support the opinion of the market rent for the subject property. FEATURE SUBJECT COMPARABLE RENTAL#1 COMPARABLE RENTAL#2 COMPARABLE RENTAL#3 Address 11 CEDARWOOD DRIVE 503 2ND AVE 15 IZLAR AVE 1705 BUTLER AVE ISLAND GA 31328 TYBEE ISLAND GA 31328 TYBEE ISLAND GA 31328 TYBEE ISLAND GA 31328 Proximity to subject 0.54 MILES S 1.96 MILES S 2.02 MILES S Current Monthly Rent $ 1,500 $1,700 ;$ 1,800 $2,350 C Rent/Gross Bldg.Area $ 1.14 sq.ft. $ 1.21 sq.ft. $ 1.06 sq.ft. $ 1.10 sq.ft. MRent Control ❑Yes ©No ❑Yes ©No ❑Yes ®No ❑Yes ❑X No p Data Source(s) INSPECTION MLS,TAX ASSESSOR MLS,TAX ASSESSOR APPRAISER FILES RData of Lease(s) 12 MONTH LEASE 12 MONTH LEASE 12 MONTH LEASE VARIED A Location TYBEE ISLAND TYBEE ISLAND TYBEE ISLAND TYBEE ISLAND 8 Actual Age 1975 1972 1980 1977 E Condition AVERAGE AVERAGE GOOD AVERAGE R Gross Building Area 1,318 1,404 _1,700 2,143 E Rm Count Size Rm Count Size Rm Count Size Rm Count Size N Unit Breakdown Monthly Rent - Monthly Rent Monthly Rent T. Tot Br Ba Sq.Ft. Tot Br Ba Sq.Ft. Tot Br Ba Sq.Ft. Tot Br Ba Sq.Ft. A Unit#1 3 1 1 859 4 2 1 702 $850 4 2 1 850 $850 4 2 1 941 $1,000 L Unit#2 3 1 1 659 4 2 1 702 $850 4 2 1 850 $950 3 1 1 752 $700 AUnit#3 0 0 0 0 0 0 0 0 $0 0 0 0 0 $0 3 1 1 450 $650 T Unit#4 0 0 0 0 0 _0 '0 0 $0 0 0 0 .0 $0 $ A Utilities Included Analysis of rental data and support for estimated market rents for the individual subject units reported below(including the adequacy of the comparables,rental concessions,etc.) THE RENTAL COMPS REPORTED ABOVE ARE CONSIDERED TO BE REPRESENTATIVE OF THE SUBJECT UNITS.ALL OF THESE UNITS APPEAL TO THE SAME MARKET.ALL RENTAL COMPARABLES ARE INCOME PRODUCING PROPERTIES LOCATED IN THE TYBEE ISLAND AREA.OUR RESEARH HAS FOUND MOST PROPERTIES ARE UTILIZED AS VACATION RENTALS,WITH RENTS MAXIMIZED DURING THE PEAK VACATION MONTHS WITH WEEKLY RENTALS.WHEN THE OFF- SEASON COMES AROUND THESE UNITS WILL TYPICALLY RENT MONTH TO MONTH OR AT A DISCOUNTED RATE. Rent Schedule:The appraiser must reconcile the applicable indicated monthly market rents to provide an opinion of the market rent for each unit in the subject property. Leases Actual Rent Opinion Of Market Rent S Lease Date Per Unit Per Unit U Total Total B Unit# Begin Date End Date Unfumished Furnished Rents Unfurnished Famished Rents J 1 12 MONTH 12 MONTH $ 750 $ $ 750 $750 $ $ 750 E , C 2 12 MONTH 12 MONTH 750 750 750 750 T 3 R 4 E N Comment on lease data Total Actual Monthly Rent $1,500 Total Gross Monthly Rent $ 1,500 T Other Monthly Income(itemize) $ Other Monthly Income(itemize) $ S C Total Actual Monthly Income $1,500 Total Estimated Monthly Income $ 1,500 H E Utilities included in estimated rents ❑Electric❑Water ❑Sewer ❑Gas ❑Oil ❑Cable ['Trash collection ©Other(describe)NONE D Comments on actual or estimated rents and other monthly income(including personal property) U L THE RENTAL MARKET AT TYBEE ISLAND CAN BETTER BE UNDERSTOOD BY REALIZING THE DEMAND FOR WEEKLY RENTALS DURING THE PEAK SEASON FROM E MARCH TO SEPTEMBER.DURING THIS TIME,WEEKLY RENTS CAN BE AS MUCH AS MONTHLY RENTS DURING THE OFF-SEASON.THE SUBJECT WAS NOT RENTED AT THE TIME OF INSPECTION. I ®did❑did not research the sale or transfer history of the subject property and comparable sales.If not,explain My research ❑did©did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. P R Data source(s) :TAX ASSESSOR/DEED SEARCH O My research ❑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. R Data source(s) TAXASSESSORIDEED SEARCH S Report the results of the research and analysis of the prior sale history of the subject property and comparable sales(report additional prior sales on page 4). A ITEM SUBJECT COMPARABLE SALE#1 COMPARABLE SALE#2 COMPARABLE SALE#3 EDate of Prior Sale/Transfer NO PRIOR SALE NO PRIOR SALE NO PRIOR SALE NO PRIOR SALE Price of Prior Sale/Transfer WITHIN 3 YEARS WITHIN 12 MONTHS WITHIN 12 MONTHS WITHIN 12 MONTHS H Data Source(s) TAX ASSESSORS/GSCCCA TAX ASSESSORS/GSCCCA TAX ASSESSORS/GSCCCA TAX ASSESSORS/GSCCCA S Effective Date of Data Source(s) 08/27/2012 08/27/2012 08/27/2012 08/27/2012 0 Analysis of prior sale or transfer history of the subject property and comparable sales R PRIOR SALES OF THE SUBJECT ARE LISTED ABOVE OR OCCURRED OVER 36 MONTHS.PRIOR SALES OF THE ABOVE COMPARABLES ARE SHOWN OR OCCURRED Y OVER 12 MONTHS. Freddie Mac Form 72 March 2005 Page 2 of 7 Fannie Mae Form 1025 March 2005 Al Ready r Small Residential Income Property Appraisal R..,,iort File# 12z-20343 There are .6 comparable properties currently offered for sale In the subject neighborhood ranging in price from$285,000 to$665,000 There are 3 comparable sales in the subject neighborhood within the past twelve months ranging in sale price from$300,100 to$425,000 FEATURE I SUBJECT COMPARABLE SALE#1 COMPARABLE SALE#2 COMPARABLE SALE#3 Address 11 CEDARWOOO AVE 14 17TH ST 1602 2ND AVE 503 2ND AVE TYBEE ISLAND,GA 31328 TYBEE ISLAND,GA 31328 TYBEE ISLAND,GA 31328 TYBEE ISLAND,GA 31328 Proximity to subject 2.02 MILES S 1.90 MILES S 0.54 MILES S Sales Price $329,000 $ 420,000 _ $ 370,000 _... $ 270,000 Sales Price/Gross Bldg.Area $250.00 sq.ft. $194.81 sq.ft. $ 192.71 sq.ft. $192.31 sq.ft. Gross Monthly Rent $ 1,500 $ UNKNOWN $2,800 $1,700 Gross Rent Multiplier 219.33 132.14 158.82 Price Per Unit $ 164,500 $ 210,000 $ 185,000 _ $135,000 Price Per Room $54,833 $,52,500 $ 26,429 $27,000 Price Per Bedroom $ 164,500 $ 105,000 I$ 52,857 $67,500 Rent Control Eyes ©No Oyes ®No Oyes ®No Dyes ©No Data Source(s) MLS#89367,D.O.M.-185 MLS#91252,D.O.M.-6 MLS#74884,D.O.M.-741 Verification Source(s) GSCCCA.ORG/TAX ASSESSOR GSCCCA.ORG/TAX ASSESSOR GSCCCA.ORGRAX ASSESSOR VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION .(-)$Adjustments DESCRIPTION 0/-)s Adjustments DESCRIPTION •(-)$Adjustments Sales or Financing CONV LOAN CONY LOAN CASH SALE Concessions Date of Sale/Time 03/30/2012 .10/2812011 06/04/2012 Location TYBEE ISLAND TYBEE ISLAND TYBEE ISLAND TYBEE ISLAND S Leasehold/Fee Simple Fee Simple FEE SIMPLE FEE SIMPLE FEE SIMPLE A Site 8,712 SF 3,920 SF/SUPER -25,000 9,480 SF/EQL 6,600 SF/EQUAL E View SIMILAR PROPS SIMILAR PROPS SIMILAR PROPS SIMILAR PROPS S Design(Style) 1-STY/DUPLEX 1.5-STY/DUPLEX 1-STY/DUPLEX 1-STY/DUPLEX C Quality of Construction AVG/SIDING AVG/SIDING AVG/SIDING AVG/BRICK O Actual Age 1975 1977 1978 1972 PCondition AVERAGE AVERAGE GOOD/REMODEL -25,000 AVERAGE A Gross Building Area 1,318 2,156 -29,330 1,920 -21,070 1,404 0 R I Unit Breakdown Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths SO Unit#1 3 1 1 5 2 2 -7,500 8 4 2 -17,500 5 2 1 -5,000 N Unit#2 3 1 1 3 2 1 -5,000 6 3 2.1 -13,750 5 2 1 3,000 A Unit#3 0 0 0 0 0 0 0 0 0 0 0 0 P Unit#4 0 0 0 0 0 0 0 0 0 0 0 0 P 0 NONE NONE NONE R Basement Description O Basement Finished Rooms 0 0 0 0 C Functional Utility AVERAGE AVERAGE AVERAGE AVERAGE H Heating/Coolinq FWAICAC FWA/CAC FWA/CAC FWA/CAC Energy Efficient Items STANDARD STANDARD STANDARD STANDARD Parking On/Off Site OPEN PARKING 2-CARPORT -5000 OPEN PARKING ,OPEN PARKING Porch/Patio/Deck CV PCH,SON PCH CV PCH,SCR PCH C/ENTRY,DECKS C/ENTRY,DECKS INGROUND POOL -15,000 Net Adjustment(Total) ❑+ ®- $ -71,830 ❑+ ®- $ -92,320 ❑+ ®- $ -10,000 Adjusted Sale Price Net Adj. 17.1 % Net Adj. 25.0 % Net Adj. 3.7 % of Comparables Gross Adj.17.1 % $ 348,170 Gross Adj 25.0 % $ 277,850 Gross Adj.3.7 % $ 260,000 Adj.Price Per Unit (Adj.SP Comp/#of Comp Units) $ 174,085 , $ 138,840 $ 130,000 Adj.Price Per Room (Adj SP Comp/#of Comp Rooms) $ 43,521 $ 19,834 $ 26,000 Adj.Price Per Bedrm (Adj.SP Comp/#of Comp Bedrooms) $ 87,043 ____,,, $ 39,669 $ 65,000 Value Per Unit $100,000 X 2 Units= $ 200,E Value Per GBA $ 140 X 1,318 GBA= $ 184,520 Value Per Rm. $ 25,000 X 6 Rooms= $150,000 Value Per Bdrms.$60,000 X 2 Bdrms.= $120,000 Summary of Sales Comparison Approach including reconciliation of the above indicators of value. SEE ATTACHED ADDENDA Indicated Value by Sales Comparison Approach$ 275,000 I Total gross monthly rent$ 1,500 X gross rent multiplier(GRM) 180 =$ 270,000 Indicated Value by the Income Approach N Comments on income approach including reconciliation of the GRM 0 THE GRM WAS DERIVED FROM AN ANALYSIS OF SIMILAR INCOME PRODUCING HOMES WITHIN THE SUBJECT'S MARKETING AREA. M E Indicated Value by: Sales Comparison Approach$ 275,000 Income Approach$ 270,000 Cost Approach(if developed)$ 276,840 R E MOST WEIGHT IS GIVEN TO THE SALES COMPARISON APPROACH AS IT REFLECTS THE BUYERS AND SELLERS ACTIONS IN THE MARKET.INCOME APPROACH WAS c NOT REQUESTED NOR IS IT DEEMED NECESSARY.THE COST APPROACH WAS CONSIDERED INAPPLICABLE.THIS APPROACH IS BEST USED WHEN THE SUBJECT O PROPERTY IS NEW OR HAS A MINIMAL AMOUNT OF DETERMINED ACCRUED DEPRECIATION. N C This appraisal is made ©"as is," ❑subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been L completed,0 subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed,or❑subject to the I following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair. A NO WARRANTY OF THE APPRAISAL IS GIVEN OR IMPLIED. T I Based on a complete visual inspection of the interior and exterior areas of the subject property,defined scope of work,statement of assumptions and limiting O conditions,and appraiser's certification,my(our)opinion of the market value,as defined,of the real property that is the subject of this report is $ 275,000 as of 08/22/2012 _ ,which Is the date of inspection and the effective date of this appraisal. Freddie Mac Form 72 March 2005 Page 3 of 7 Fannie Mae Form 1025 March 2005 Al Ready S),.4IltReeidential Income Property Appraisal'Report File# 12z-20343 EXPANDED"SCOPE OF WORK"COMMENTS(THE APPRAISER IS PERMITTED TO EXPAND THE"SCOPE OF WORK"FOR CLARIFICATION PURPOSES OF WHICH THE FOLLOWING IS PROVIDED FOR SAID PURPOSES):A"COMPLETE VISUAL INSPECTION OF THE INTERIOR AND EXTERIOR AREAS OF THE SUBJECT PROPERTY"WAS PERFORMED BY THE APPRAISER BASED ON CONDITIONS READILY OBSERVABLE EXCLUDING ALL HIDDEN OR OBSTRUCTED AREAS AND NOT AS A PROFESSIONAL HOME INSPECTOR.THE TERM"COMPLETE"IS NOT AN ALL INCLUSIVE TERM RELATIVE TO THE ENTIRE ATTIC AND,IF APPLICABLE,THE ENTIRE CRAWL SPACE AND OTHE NON-HABITABLE AREAS AS A COMPLETE DETAILED PHYSICAL INSPECTION OF EVERY PART OF THE AFOREMENTIONED AREAS IS NOT A FUNCTION OF THE INSPECTION PROCESS RELATIVE TO RESIDENTIAL APPRAISING BUT IS RELATIVE TO THE INSPECTION PROCESS BY A PROFESSIONAL HOME INSPECTOR.THE APPRAISER IS NOT A PROFESSIONAL TERMITE OR WOOD DESTROYING ORGANISM INSPECTOR OR ENVIRONMENTAL INSPECTOR OR PROFESSIONAL MECHANICAL SYSTEMS INSPECTOR OR A PROFESSIONAL WELL AND SEPTIC SYSTEMS INSPECTOR.IMPROVEMENT RATINGS AND 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 THI 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 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 DISCOVERY OF POTENTIAL ADVERSE INFLUENCES AS A RESULT OF HUMAN BEHAVIOR IS NOT PART OF THE SCOPE OF THIS APPRAISAL. PER STANDARDS RULE 2-3 I CERTIFY THAT,TO THE BEST OF MY KNOWLEDGE AND BELIEF:.MY ENGAGEMENT IN THIS ASSIGNMENT OR IN ANY FUTURE ASSIGNMENTS IS NOT CONTINGENT UPON DEVELOPING OR REPORTING PREDETERMINED RESULTS.MY ANALYSIS,OPINIONS AND CONCLUSIONS WERE DEVELOPED,AND THIS REPORT HAS BEEN PREPARED,IN CONFORMITY WITH THE GEORGIA REAL ESTATE APPRAISER CLASSIFICATION AND REGULATION ACT AND THE RULES AND REGULATIONS OF THE GEORGIA REAL ESTATE APPRAISERS BOARD AND USPAP.NO ONE PROVIDED SIGNIFICANT PROFESSIONAL ASSISTANCE TO THE PERSON SIGNING THIS REPORT. A O My analysis,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Georgia Real Estate Appraiser Classifications and Regulation Act D and the Rules and Regulations of the Georgia Real Estate Appraisers Board.[Real Estate Appraiser Classification and Regulation Act paragraph 539.3.02(1)(m)as amended August I 1,2006] I THE APPRAISER WAS PAID A FEE OF$750.00 TO COMPLETE THIS ASSIGNMENT. NO GEORGIA AMC GIVEN. A• It is the appraiser's opionion that based upon the estimated value stated within this report as of the effective date of this report,a reasonable exposure time of less that six months L would be experienced. C 0 M M E N T S COST APPROACH TO VALUE(not required by Fannie Mae) Provide adequate information for the lender/client to replicate the below cost figures and calculations. Support for the opinion of site value(summary of comparable land sales or other methods for estimating site value) LAND SALES WERE USED TO SUPPORT SITE VALUE ALOMG WITH THE APPRAISER'S KNOWLEDGE OF THE SUBJECT MARKET. p ESTIMATED ❑REPRODUCTION OR ©REPLACEMENT COST NEW OPINION OF SITE VALUE =5 135,000 S Source of cost data MARSHALL&SWIFT Dwelling 1,318 Sq.Ft.©$ 125.00 =$.184,750 Quality rating from cost service AVG Effective date of cost data CURRENT 0 5q.Ft.Q$ _$ A Comments on Cost Approach(gross living area calculations,depreciation,etc.) p COST APPROACH TO VALUE WAS CONSIDERED BUT NOT UTILIZED.THIS PCHS,FENCE,EXTRAS =5 25,500 R APPROACH TO VALUE IS BEST USED WHEN THE SUBJECT PROPERTY IS NEW Garage/Carport Sq.Ft.i t$ _$ Q AND HAS A MINIMAL AMOUNT OF DETERMINED ACCRUED DEPRECIATION. A Total Estimate of Cost-New =$190.250 C Less Physical Functional External H Depreciation 83,410 =$(63,410 ) Depreciated Cost of Improvements =$126,840 "As-is"Value of Site Improvements =5 15,000 Estimated Remaining Economic Life(HUD and VA only) 40 Years Indicated Value by Cost Approach =$276,840 PROJECT INFORMATION FOR P)JDs (if applicable) ' Is the developer/builder in control of the Homeowners'Association(HOA)? ❑Yes ❑No Unit type(s) ❑Detached ❑Attached Provide the following information for PUDs ONLY if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit. Legal Name of Project N/A Total number of phases N/A Total number of units N/A Total number of units sold NIA P Total number of units rented N/A Total number of units for sale N/A Data source(s) N/A Was the project created by the conversion of existing building(s)into a PUD? ❑Yes ❑No If Yes,date of conversion N/A Does the project contain any multi-dwelling units? ❑Yes ❑No Data source(s) N/A N Are the units,common elements,and recreation facilities complete? ❑Yes ❑No If No,describe the status of completion. F N/A 0 R A T Are the common elements leased to or by the Homeowners'Association? -❑Yes ❑No If Yes,describe the rental terms and options. O N/A • Describe common elements and recreational facilities THIS IS NOT A PUD Freddie Mac Form 72 March 2005 Page 4 of 7 Fannie Mae Form 1025 March 2005 Al Ready Small Residential Income Property Appraisal h<,F ort File# 122-20343 This report form is designed to report an appraisal of a two-to four-unit property,including a two-to four-unit property in a planned unit development(PUD).A two-to four-unit property located in either a condominium or cooperative project requires the appraiser to inspect the project and complete the project information section of the Individual Condominium Unit Appraisal Report or the Individual Cooperative Interest Appraisal Report and attach it as an addendum to this report. 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.Modifications,additions,or deletions to the intended use,intended user, definition of market value,or assumptions and limiting conditions are not permitted.The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment.Modifications or deletions to the certifications are also not permitted.However,additional certifications that do not constitute material alterations to this appraisal report,such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization,are permitted. 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 report form,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 interior and exterior areas 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 mortgage finance transaction. INTENDED USER:The intended user of this appraisal report is the lender/client. 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 party 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 provided a sketch in this appraisal report to show the approximate dimensions of the improvements,including each of the units.The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3.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. 4.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. 5.The appraiser has noted in this appraisal report any adverse conditions(such as needed repairs,deterioration,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 physical deficiencies or adverse conditions of the property(such as,but not limited to,needed repairs,deterioration,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 apprai er 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. 6.The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion,repairs,or alterations on the assumption that the completion,repairs,or alterations of the subject property will be performed in a professional manner. Freddie Mac Form 72 March 2005 Page 5 of 7 Fannie Mae Form 1025 March 2005 Al Ready Snid4l Residential Income Property Appraisal Report File# 12z-20343 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.I performed a complete visual inspection of the interior and exterior areas of the subject property,including all units.I reported the condition of the improvements in factual,specific terms.I identified and reported the physical deficiencies that could affect the livability, soundness,or structural integrity of the property. 3.I 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.I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison and income approaches to value.I have adequate market data to develop reliable sales comparison and income approaches to value for this appraisal assignment.I further certify that I considered the cost approach to value but did not develop it,unless otherwise indicated in this report. 5.I 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.I 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.I 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.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. 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. 20.I 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. Freddm Mac Form 72 March 2005 Page 6 of 7 Fannie Mae Form 1025 March 2005 Al Ready Small-Residential Income Property Appraisal Ri giort File# 12z-20343 21.The lender/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). 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. 25.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. • APPRAI��E����j�/I SUPERVISORY APPRAISER(ONLY IF REQUIRED) Signature //CC//////////``//��yy// Signature Name CHRISTOPHER J.COOK Name Company Name DEWITr,COOK&ASSOCIATES Company Name Company Address 2807A ROGER LACEY AVENUE Company Address SAVANNAH ,GA 31404 Telephone Number (912)353-8755 Telephone Number Email Address chrisl dewittappraisals.com Email Address Date of Signature and Report 08/27/2012 Date of Signature Effective Date of Appraisal 08/22/2012 State Certification# State Certification# CR 208148 or State License# or State License# State or Other(describe) State# Expiration Date of Certification or License State GA Expiration Date of Certification or License 05/31/2013 SUBJECT PROPERTY ADDRESS OF PROPERTY APPRAISED ❑Did not inspect subject property 11 CEDARWOOD DRIVE ❑Did inspect exterior of subject property from street TYBEE ISLAND GA 31328 Date of Inspection APPRAISED VALUE OF SUBJECT PROPERTY$ 275,000 ❑Did inspect interior and exterior of subject property LENDER/CLIENT Date of Inspection Name NO AMC COMPARABLE SALES Company Name SYNOVUS MORTGAGE CORP. Company Address 2204 LAKESHORE DRIVE STE.325 ❑Did not inspect exterior of comparable sales from street BIRMINGHAM Al. 35209 ❑Did inspect exterior of comparable sales from street Email Address Date of Inspection Freddie Mac Form 72 March 2005 Page 7 of 7 Fannie Mae Form 1025 March 2005 Al Ready TEXT ADDENDUM File No. 12z-20343 Borrower/Client EVELYN KELLY Property Address 11 CEDARWOOD DRIVE City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Lender NO AMC SYNOVUS MORTGAGE CORP. General Text Addendum Small Income:Sales Comparison Analysis-Summary of Sales Comparison Approach ALL COMPARABLES ARE LOCATED ON TYBEE ISLAND AND SUPPORT THE ESTIMATED MARKET VALUE AFTER NECESSARY ADJUSTMENTS. GLA ADJUSTMENTS WERE MADE AT$35 PER SQFT.BEDROOMS WERE ADJUSTED AT$5,000,FULL BATHS WERE ADJUSTED AT$2,500 AND HALF BATHS WERE ADJUSTED AT$1250. COMPARABLE ONE,ALTHOUGH ON A SMALLER SITE,IS MUCH CLOSER IN PROXIMITY TO THE BEACH/BEACH ACCESS AND WAS ADJUSTED DOWNWARD. SALES OF THESE TYPES OF PROPERTIES ARE LIMITED AND THE APPRAISER UTILIZED THE BEST KNOWN COMPARABLES AT THE TIME OF THE APPRAISAL.THE APPRAISER IS AWARE THAT SOME SALES EXCEED THE DESIRED DATE/SALE GUIDELINE,HOWEVER THESE TYPES OF SALES ARE VERY LIMITED AND IT IS TYPICAL TO USE SALES DATING UP TO 24 MONTHS.THE APPRAISER IS AWARE THAT SALES EXCEED THE DESIRED FNMA ADJUSTMENT GUIDELINES,HOWEVER THIS OCCURRED DUE TO NECESSARY ADJUSTMENTS AND COULD NOT BE AVOIDED.ALL SALES ARE CLOSED AND VERIFIED. THE APPRAISER EXHAUSTED ALL EFFORTS TO LOCATE COMPARABLES TO DETERMINE THE ESTIMATED VALUE OF THE SUBJECT PROPERTY. THE SALES UTILIZED ARE THE ONLY KNOWN AVAILABLE AT THIS TIME. INVOICE File No. 12z-20343 Invoice# 12z-20343 Invoice Date 8/27/2012 Fee 750.00 Due Date Lender or Client: SYNOVUS MORTGAGE CORP. Borrower: EVELYN KELLY 2204 LAKESHORE DRIVE 11 CEDARWOOD AVE BIRMINGHAM AL 35209 TYBEE ISLAND GA 31328 Item Cost REAL ESTATE APPRAISAL 750.00 Total Amount Due 750.00 Terms Please remit payment to: DEWITT,COOK&ASSOCIATES 2807-A ROGER LACEY AVENUE SAVANNAH GA 31404 Thank you File No. 12z-20343 FIRREA I USPAP ADDENDUM Borrower EVELYN KELLY Property Address 11 CEDARWOOD AVE City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Lender/Client SYNOVUS MORTGAGE CORP. Purpose THE PURPOSE OF THIS APPRAISAL IS TO ESTIMATE THE MARKET VALUE OF THE FEE SIMPLE INTEREST IN THE ABOVE IDENTIFIED PROPERTY AS OF THE VALUATION DATE. Scope RESIDENTIAL PROPERTY IS BEST VALUED USING THE SALES COMPARISON APPROACH.THE INITIAL STEP IN THE APPRAISAL PROCESS IS GATHERING INFORMATION ABOUT THE SUBJECT WHICH INCLUDES AD VALOREM TAX DATA,ZONING,UTILmES AND FLOOD PLAIN.THE ACTUAL IMPROVEMENTS ARE INSPECTED AND MEASURED AND COUNTY TAX PLATS ARE ANALYZED.THE NEIGHBORHOOD AND SURROUNDING AREAS ARE ALSO ANALYZED TO DETERMINE FUTURE TRENDS.COMPARABLE SALES ARE IDENTIFIED AND VERIFIED.THESE SALES ARE COMPARED AND ADJUSTED IN RELATION TO THE SUBJECT TO DETERMINE AN ESTIMATE OF MARKET VALUE. Intended Use/Intended User THE REPORT IS INTENDED FOR USE BY THE LENDER/CLIENT.THE INTENDED USE OF THIS APPRAISAL REPORT IS FOR THE LENDER/CLIENT TO EVALUATE THE SUBJECT PROPERTY FOR FORECLOSURE RELATED PURPOSES. History of Property Current listing information: SEE REPORT Prior sale: SEE REPORT Exposure Time!Marketing Time SEE REPORT Personal(non-realty)Transfers NONE NOTED Additional Comments 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 MAY NOT BE PRESENT ON THE PROPERTY,WAS NOT RECOGNIZED BY THE APPRAISER.THE APPRAISER HAS NO KNOWLEDGE OF 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 CONDITION OR FOR THE EXPERTISE REQUIRED TO DISCOVER THEM.THE CLIENT IS URGED TO RETAIN AN EXPERT IN THIS FIELD,IF DESIRED. THE APPRAISAL CONTAINS A SIGNED CERTIFICATE REQUIRED BY 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 AN INK SIGNATURE ON A PAPER COPY REPORT. Certification Supplement 1.This appraisal assignment was not based on a requested minimum valuation,a specific valuation,or an approval of a loan. 2.My compensation is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value estimate,the attainment of a stipulated result or the occurrence of a subsequent event. Appraiser(s): CHRISTOPHER J.COOK Supervisory Appraiser(s): Effective date/Report date: 08/22/2012 Effective date/Report date: Market Conditions Addendum to the Appraisal report File# 12z-20343 The purpose of this addendum is to provide the lender/client with a clear and accurate understanding of the market trends and conditions prevalent in the subject neighborhood.This is a required addendum for all appraisal reports with an effective date on or after April 1,2009, Property Address 11 CEDARWOOD AVE City TYBEE ISLAND State GA ZIP Code 31328 Borrower EVELYN KELLY Instructions: The appraiser must use the information required on this form as the basis for his/her conclusions,and must provide support for those conclusions,regarding housing trends and overall market conditions as reported in the Neighborhood section of the appraisal report form.The appraiser must fill in all the information to the extent it is available and reliable and must provide analysis as indicated below. If any required data is unavailable or is considered unreliable,the appraiser must provide an explanation. It is recognized that not all data sources will be able to provide data for the shaded areas below;if It is available,however,the appraiser must include the data in the analysis. If data sources provide the required information as an average instead of the median, the appraiser should report the available figure and identify it as an average. Sales and listings must be properties that compete with the subject property,determined by applying the criteria that would be used by a prospective buyer of the subject property. The appraiser must explain any anomalies in the data,such as seasonal markets,new construction,foreclosures,etc. Inventory Analysis Prior 7-12 Months Prior 4-6 Months Current—3 Months Overall Trend Total#of Comparable Sales(Settled) 2 0 1 ❑Increasing ©Stable ❑Declining Absorption Rate(Total Sales/Months) 0.33 N/A 0.33 ❑Increasing 0 Stable ❑Declining Total#of Comparable Active Listings N/A N/A 6 ❑Declining ❑Stable ❑Increasing Months of Housing Supply(Total Listings/Ab.Rate) N/A N/A 18.2 ❑Declining ❑Stable El Increasing A• Median Sale&List Price,DOM,Sale/List% Prior 7-12 Months Prior 4-6 Months Current—3 Months Overall Trend R Median Comparable Sale Price $362,550 N/A $370,000 ❑Increasing ©Stable ❑Declining E Median Comparable Sales Days on Market 60 N/A 6 ❑Declining ©Stable ❑Increasing T Median Comparable List Price 5362,450 N/A $399,000 ❑Increasing ©Stable ❑Declining R Median Comparable Listings Days on Market N/A N/A N/A ❑Declining ❑Stable ❑Increasing E Median Sale Price as%of List Price 97% N/A 93% ❑Increasing ©Stable ❑Declining E Seller-(developer,builder,etc.)paid financial assistance prevalent? Q Yes El No ❑Declining ©Stable ❑Increasing A Explain in detail the seller concessions trends for the past 12 months(e.g.,seller contributions increased from 3%to 5%,increasing use of buydowns,closing costs,condo fees, options,etc.). H SELLER CONCESSIONS HAVE REMAINED STABLE DURING THE PRIOR 12 MONTHS. & A N A YAre foreclosure sales(REO sales)a factor in the market? E Yes❑No If yes,explain(including the trends in listings and sates of foreclosed properties). s FORECLOSURES HAVE BEEN FAIRLY COMMON THE SUBJECT MARKET AND APPEAR TO HAVE HAD AN EFFECT ON MARKET VALUE. S Cite data sources for above information. SAVANNAH MLXCHANGE Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form.If you used any additional information,such as an analysis of pending sales and/or expired and withdrawn listings,to formulate your conclusions,provide both an explanation and support for your conclusions. THERE HAVE BEEN FEW RECENT SALES WITHIN THE SUBJECTS IMMEDIATE MARKETING AREA.THE DATA WITHIN THIS FORM WAS OBTAINED FROM A SEARCH OF SIMILAR MULTI-FAMILY HOMES WITHIN THE NEIGHBORHOOD BOUNDARIES.IT IS THE APPRAISER'S OPINION THE THE 1004MC FOR IS NOT APPLICABLE FOR THE SUBJECT PROPERTY DUE TO THE EXTREMELY LIMITED AMOUNT OF DATA. IN THE APPRAISER'S EXPERIENCE,THERE ARE PROPERTIES,SUCH AS THE SUBJECT, WHERE THIS FORM CAN NOT BE EFFECTIVELY UTILIZED DUE TO THE LACK OF SIMILAR SALES.THE NUMBERS/DATA ABOVE MAY NOT MATCH ALL THE ENTRIES ON PAGES ONE AND TWO OF THE 1004(URAR)FORM. MARKETING TIME,ABSORBTION RATES AND DAYS ON MARKET WAS DERIVED FROM THE APPRAISER'S EXPERIENCE AND KNOWLEDGE OF THE SUBJECT MARKET ALONG WITH THE ANALYSIS OF AVAILABLE DATA FROM MLS,PUBLIC RECORDS AND APPRAISAL FILES. If the subject is a unit in a condominium or cooperative project,complete the following: Project Name: Subject Project Data Prior 7-12 Months Prior 4-6 Months Current—3 Months Overall Trend Total#of Comparable Sales(Settled) ❑Increasing ❑Stable ❑Declining C Absorption Rate(Total Sales/Months) ❑Increasing ❑Stable ❑Declining Total#of Active Comparable Listings ❑Declining ❑Stable ❑Increasing D Months of Unit Supply(Total Listings/Ab.Rate) ❑Declining p Stable ❑Increasing O Are foreclosure sales(REO sales)a factor in the project? ❑Yes ❑No If yes,indicate the number of REO listings and explain the trends in listings and sales of C foreclosed properties. 0 Op P R 0 E C Summarize the above trends and address the impact on the subject unit and project. T S A P Signatu Signature A Appraiser Name CHRISTOPHER J.COOK Supervisory Appraiser Name s Company Name DEWITT.COOK&ASSOCIATES Company Name Company Address 2807A ROGER LACEY AVENUE,SAVANNAH,GA 31404 Company Address State License/Certification#CR 208148 State GA Stale License/Certificatwn# State Email Address chrisedewittappraisals.com Email Address Freddie Mac Form 71 March 2009 Page 1 of 1 Fannie Mae Form 1004MC March 2009 Al Ready Operating Income Statement File No. 12z-20343 One-to Four-Family Investment Property and Two-to Four-Family Owner-Occupied Property Property Address 11 CEDARWOOD AVE City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 General Instructions:This form is to be prepared jointly by the loan applicant,the appraiser,and the lenders underwriter.The applicant must complete the following schedule indicating each unit's rental status,lease expiration date,current rent,market rent,and the responsibility for utility expenses. Rental figures must be based on the rent for an"unfurnished"unit. Currently Expiration Current Rent Market Rent Paid Paid Rented Date Per Month Per Month Utility Expense By Owner By Tenant — Unit No.1 Yes X No_ 12 MONTH LEASE $ 750 $750 Electricity _ Unit No.2 Yes X`No— 12 MONTH LEASE $ 750 $750 Gas Unit No.3 Yes No $ _ $ Fuel Oil Unit No.4 Yes No_ $ $ Fuel(Other) Total $ 1,900 $ 1,800 Water/Sewer Trash Removal X The applicant should complete all of the income and expense projections and for existing properties provide actual year-end operating statements for the past two years(for new properties the applicant's projected income and expenses must be provided).This Operating Income Statement and any previous operating statements the applicant provides must then be sent to the appraiser for review,comment,and/or adjustments next to the applicant's figures(e.g.,Applicant Appraiser 2881300)-If the appraiser is retained to complete the form instead of the applicant,the lender must provide to the appraiser the aforementioned operating statements,mortgage insurance premium,HOA dues,leasehold payments,subordinate financing,and/or any other relevant information as to the income and expenses of the subject property received from the applicant to substantiate the projections.The underwriter should carefully review the applicant's/appraiser's projections and the appraiser's comments concerning those projections.the underwriter should make any final adjustments that are necessary to more accurately reflect any income or expense items that appear unreasonable for the market. (Real estate taxes and insurance on these types of properties are included in PITI and not calculated as an annual expense item.)Income should be based on current rents,but should not exceed market rents.When there are no current rents because the property is proposed,new,or currently vacant,market rents should be used. Annual Income and Expense Projection for Next 12 months Adjustments by Income(Do not include income for owner-occupied units) By Applicant/Appraiser Lender's Underwriter Gross Annual Rental(from unit(s)to be rented) $ 18,000 Other Income(include sources) + + Total $ $ Less Vacancy/Rent Loss - 900 (5 %) - Effective Gross Income $ 17,100 $ Expenses(Do not include expenses for owner-occupied units) Electricity Gas Fuel Oil Fuel (Type- Water/Sewer Trash Removal Pest Control Other Taxes or Licenses Casual Labor - This includes the costs for public area cleaning,snow removal,etc., even though the applicant may not elect to contract for such services Interior Paint/Decorating 200 This includes the costs of contract labor and materials that are required to maintain the interiors of the living units. General Repairs/Maintenance 100 - This includes the costs of contract labor and materials that are required to maintain the public corridors,stairways,roofs,mechanical systems,grounds,etc. Management Expenses These are the customary expenses that a professional management company would charge to manage the property. Supplies 100 This includes the costs of items like light bulbs,janitorial supplies,etc. Total Replacement Reserves-See Schedule on Pg.2 783 Miscellaneous Total Operating Expenses $1,183 $ Page 1 of 2 File No.12z-20343 Replacement Reserve Schedule Adequate replacement reserves must be calculated regardless of whether actual reserves are provided for on the owners operating statements or are customary in the local market.This represents the total average yearly reserves.Generally,all equipment and components that have a remaining life of more than one year-such as refrigerators,stoves,clothes washers/dryers,trash compactors,furnaces,roofs,and carpeting,etc.-should be expensed on a replacement cost basis- Equipment Replacement Remaining By Applicant/ Lender Cost Life Appraiser Adjustments Stoves/Ranges @$200 ea./ 12 Yrs.x 2 Units=$ 33 $ Refrigerator @$400 ea./ 12 Yrs.x:2 Units=$ 67 $ bishwashers @$ ea./ Yrs.x Units=$ $ A/C Units ©$2,500 ea./ 12 Yrs.x 2 Units=$417 $ C.Washer/Dryers @$ ea./ Yrs.x Units=$ $ NW Heaters @$200 ea./ 12 Yrs.x 2 Units=$ 33 $ Furnace(s) @$ ea./ Yrs.x Units=$ $ -_ (Other) @$ ea./ Yrs.x Units=$ $ Roof @$3.500 ea./ 15 Yrs.x One Bldg.= $ 233 $ Carpeting(Wall to Wall) Remaining Life (Units Total Sq.Yds.Q$ Per Sq.Yd./ Yrs = $ $ Public Areas) Total Sq.Yds.Q$ Per Sq.Yd./ Yrs " $ $ Total Replacement Reserves.(Enter on Pg.1) $783 $ Operating Income Reconciliation $ 17,100 -$ 1,183 _$ 15,917 /12 =$ 1,326 Effective Gross Income Total Operating Expenses Operating Income Monthly Operating $ 1,326 -$ 1499 =$ -173 Income Monthly Operating Income Monthly Housing Expense Net Cash Flow (Note:Monthly Housing Expense includes principal and interest on the mortgage,hazard insurance premiums,real estate taxes,mortgage insurance premiums,HOA dues,leasehold payments,and subordinate financing payments.) Underwriter's instructions for 2-4 Family Owner-Occupied Properties If Monthly Operating Income is a positive number,enter as Net Rental Income"in the"Gross Monthly Income"section of Freddie Mac Form 65/Fannie Mae Form 1003.If Monthly Operating Income is a negative number,it must be included as a liability for qualification purposes. The borrower's monthly housing expense-to-income ratio must be calculated by comparing the total Monthly Housing Expense for the subject property to the borrowers stable monthly income. Underwriter's instructions for 1-4 Family Investment Properties If Net Cash Flow is a positive number,enter as"Net Rental Income"in the"Gross Monthly Income"section of Freddie Mac Form 65/Fannie Mae Form 1003.If Net Cash Flow is a negative number,it must be included as a liability for qualification purposes. The borrower's monthly housing expense-to-income ratio must be calculated by comparing the total monthly housing expense for the borrower's primary residence to the borrowers stable monthly income. Appraiser's Comments(Including sources for data and rationale for the projections) ABOVE CALCULATION BASED ON AN 80%LTV,5%INTEREST RATE,30 YEAR MORTGAGE,ESTIMATED MONTHLY TAXES AND INSURANCE. CHRISTOPHER J.COOK `����I 4K+ 08/27/2012 Appraiser Name Appraiser Signature Date Underwriter's Comments and Rationale for Adjustments Underwriter Name Underwriter Signature Date Page 2 of 2 SUBJECT PHOTOGRAPH ADDENDUM File No 12z-20343 Borrowencaent EVELYN KELLY Property Address 11 CEDARWOOD DRIVE c;ty TYBEE ISLAND county CHATHAM state GA Zip code 31328 Lender NO AMC SYNOVUS MORTGAGE CORP. L • FRONT OF • - SUBJECT PROPERTY SUBJECT FRONT •• r •' 11 CEDARWOOD DRIVE Sales Price:329,000 MID / n Jy REAR OF I SUBJECT PROPERTY ''' e.1 "� � SUBJECT REAR _ E + 11 CEDARWOOD DRIVE • I 7' ° Sales Price:329,000 • „ 4 ' .• `_:' _ STREET SCENE --— SUBJECT STREET 11 CEDARWOOD DRIVE Sales Price:329,000 SUBJECT PHOTOGRAPH ADDENDUM File No. 12z-20343 Borrower/Client EVELYN KELLY Property Address 11 CEDARWOOD DRIVE City TYBEE ISLAND co„nty CHATHAM stele GA Zip Code 31328 Lender NO AMC SYNOVUS MORTGAGE CORP. M • 1 S .... [ p °f . ADDITIONAL SUBJECT PHOTO r'►. Subject Interior 11 CEDARWOOD AVE N A. • .a._.∎, ,, I. —1, ! ADDITIONAL SUBJECT PHOTO e g._ Subject Interior i ■ el i i ,i1 . S -1 ' .. r' ADDITIONAL SUBJECT PHOTO Subject Interior I • f. sue" 1 or IIIt..• 1 i ADDITIONAL PHOTOGRAPH ADDENDUM File No. 12z-20343 Borrower/Client EVELYN KELLY Property Address 11 CEDARWOOD DRIVE City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Lender NO AMC SYNOVUS MORTGAGE CORP. 1'M i 1 ; Additional Subject Photo ,i Subject Interior IP tj: Y ",3 11 CEDARWOOD AVE 1 r 4 _ _ 1 (t. I.,.% I. `r . III ti .,4 ," r ( Additional Subject Photo Si Subject Interior ' v. ';""" ..r te It,, 1. L ; ... r—' cs� Additional Subject Photo Subject Interior O COMPARABLES PHOTOGRAPH ADDENDUM (Comps 1-3) File No.12z-20343 Borrower/Client EVELYN KELLY Property Address 11 CEDARWOOD DRIVE City TYBEE ISLAND County CHATHAM State GA Zip Code 31328 Lender NO AMC SYNOVUS MORTGAGE CORP. . ! Comparable Sale 1 14 17TH ST TYBEE ISLAND GA 31328 •• (, I Date of Sale:.03/30/2012 A '• I f Sale Price: 420,000 Sq.Ft.: \ \ Comparable Sale 2 1602 2ND AVE TYBEE ISLAND GA 31328 . Date of Sale:.10/28/2011 • Sale Price: 370,000 Sq.Ft.: 7 ai $/Sq.Ft.: `.r. � limp 14 I -.`i ' R .44. tt , - Comparable Sale 3• 7 -'' ? ,...4-1.,' ,„. 1. t@r' . 503 2ND AVE ° r ..i. i y. gil TYBEE ISLAND GA 31328 . ._.. Date of Sale:06/04/2012 s - Sale Price: 270,000 Ill Sq.Ft.: y __— $/Sq.Ft.: ...." 14..1111 i MO 111HIII I I I P 1 1111111111111 ViliWier'; '''''' ihtnir.,_ LOCATION MAP ADDENDUM Fie No. 12z-20343 Borrower/Client EVELYN KELLY Property Address 11 CEDARWOOD DRIVE City TYBEE ISLAND County CHATHAM stole GA Zip Code 31328 Lender NO AMC SYNOVUS MORTGAGE CORP. a la mode,inc: IP Lre roar n roes eane teerang, A rrantr.CP.an. S A� 3 t Sn or ' rd`s Subject Illi` StAtmen+kM 11 CEDARWOOD DRIVE T'n 5vt rn < 8nw$ d �yc, �1c Si 1 "4 w n eF a'*. it Za Comparable#3 r., Rental R 1 *son**son*0Deem 503 2ND STREET l., 503 2ND AVENUE + 0.54 miles S ti 0.54 miles S ouas, Ge i ] wn� Pd a E .' -si}�• 4naq °'a sr _. -I,„„,. Q -.cgs -- Comparable#2 f 16022ND AVENUE d1 '.yy, . 1.90 miles S . 1 ',St-` Rental#2 15LZLARAVENUE 1'7;3 1.96 miles S s r, ret Comparable#1 . v ' . 14 17Th STREET Rental#3 2.02 miles S T 1705 BUTLER AVE tool*, fji 2.02 miles S .; SKETCH ADDENDUM File No, 12z-20343 Borrower/Client EVELYN KELLY Property address 11 CEDARWOOD DRIVE City TYBEE ISLAND County CHATHAM State GA zip Code 31328 Lender NO AMC SYNOVUS MORTGAGE CORP. 20.2' Bath Kitchen Living Bedroom N (J U'I N tG — Bath Kitchen Bedroom Living 20.2' tow 560,bya Ia node,inr. Area Calculations Summary _ Living Area ... Calculation Details First Floor 1317.04 5q ft 65.2 x 20.2=1317.04 Total Living Area(Rounded): 1317 Sq ft PLAT MAP ADDENDUM File No, 12z-20343 Borrower/Client EVELYN KELLY Property Address 11 CEDARWOOD DRIVE City TYBEE ISLAND County CHATHAM Stern GA Zp Code 31328 Lender NO AMC SYNOVUS MORTGAGE CORP. 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STATE OF GEORGIA ' REAL ESTATE AP PRAISERS BOARD Ili CHRISTO N MI Yb'A . ER .c^ 8-148—.,' e 6 I IS AUTHOI I EO fOTJ{ANSA IJS ,SS IN.,Ge ?GIA AS A CERTIFIED RESIV9N D! ReV� :,r JERTY APPRAISER 1 LI LI h ! 1 cl?(, l 4.4./ THE PRIVILEGE AND RESPONSIBILITIES THIS A QRAI,R IFI ATI.N�SHALL CONTINUE IN EFFECT AS LONG AS TI1E APPRAISER PAYS REQUIRED AP(��3\AISEH EEB.AlYl7 D�IP.1`�_ES fFH ALL OTHER REQUIREMENTS OF THE OFFICIAL CODE OF GEORGIA ANNOTATED tCHA Y '3 1=f P, SER IS SOLELY RESPONSIBLE FOR THE PAYMENT!PF ALL qEE A TIMEVf BASIS. CHARLES B.BRAMLETT ( 1 :ii WILLIAM R.COLEMAN,JR. Chairperson '� .-y,�'' D.SCOTT MURPHY IZ MARILYN R.WATTS SANDRA MCALISTER WINTER Vice Chairperson 'i _ 27352111 1 CHRISTOPHER J COOK ORIGINALLY UCENEED i 251141 N72511555 MMus ACTIVE END OF RENEWAL 991310013 CERTIFIED RESIDENTIAL REAL PROPERTY APPRAISER THIS LICENSE EXPIRES IF YOU FAIL TO PAY , . - . RE REWAL FEES OR IF YOU FAIL TO COMPLETE ANY ;,� .'. FIFOUIREO EDUCATION W ATIMELY MANNER ; 1- Slate d Dewy, '' j Reek NN eewee e Sole 1000-M ienwions1 Town 229 PeetilMM SMeeI,NE VALLIAM L ROGERS.JR A9z to GA 31308.1505 Rot Estate C9mnrnaaner 27852111 CHRRSTOPHEKJ COOK ORNRNALLY LICENSED 2K145 µ06H991 it SIM. ACTIVE END OF RENEWAL 65/31/2913 CERTIFIED RES@ENTVLL REAL PROPERTY APPRAISER THIS LICENSE EXPIRES IF YOU FM.TO PAY "t,,. REIEWSI.FEES OR F YOU FM TO COMPLETE ANY :%yam REOWRED EDUCATION M A TIMELY MANNER 1 We a George Z 's Reel EelNe CeIMSlm Sale 1000-Mte nsum a Taw i9TA�. 129PaeaXtee SIAM.N.£ WILLIAM ROOERS,JR Mb.».GA 31110 31505 Real EO M9 Camml9Nmm 27351111 keof,1't T.,, CVV7V/e(eC Let 14;Lai c 92301 AIA I Al Ready PDF Generated on 08/28/2012 8:09:44 AM