RES 053 Draft 01 2006-2008 - Laserfiche WebLink

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erne ryo, y_p-e~Y w/poc.6. Page #2 LAND APPRAISAL REPORT shintaku Five No.9$$-2 w1 or..6 Bonower NIA Census Tract 0212.00 Map gelerence 9-6$-2 w/por.6 Properly Atltlress Poo Grant 6287:B South Road _ _ City Pahela Gounry Hawaii _ Stah HI Zip Cotle 96777 _ _ _ Legal Oescdptlon Por. Grant 6267:8 Wood Valley. Kau h~ Sak PdceS Date al Sale Loan Term _ yrs. ProDeM1y Rights Appraised W Fee; !Leasehol0 ''"Oe Mmimis PUD AcNal peal Estate Texas $ (yr) Loan charyes to be paid by seller $ -Other sales concessions _ _ _ _ - _ _ Under(CGent Nakamoto Okamoto & Yamamoto AaNess 167 Kapiolani Stres~_Hilo HI 96720„ _ _ Occupant NIA Appraiser Patrick Y. Taketa SRA Instructions to Appraiser- _ _ _ _ _ _ Location ? Uaban Suburban Rural Goad Avg. Fair Poor Bowl Up ?Over 75% X25%to 75% 1_j Under 25% Employmam Stabll'uy ~ ? , Growth pate ?FUlly Dev. ?Rapld ®Steatly ?Slow Convenience to Employment O; ~I Prapelry Values ? Increasing ®Slable ? Declining Convenience to Shopping ' DemanySupply ? Shortage ®In Balance ? Oversupply Convenience to Schools [C . Melkefinq Time ? Under 3 Mos. ®4-6 Mos. [ Over 6 Mos. Adequacy of Public Transponatlon I? Presets Land USe 70%1Family _%2-4 Family _%Apis. _%Condo _%Commercial Recmahonal Facilities ~ i %Industdal %Vacent 30% Vacant Sites _ Adequacy of UAlBles X~ ` ' Chmlge In Present Land Use ~ Not Lae1y ? Li%ery ? Teking Place Property Compallbfldy ~x From To _ Protection from Detdmental Conditions _ y; - PretlaminantOccupancy Owner ?Tenanl %Vacent Police and Fire Protection ~y. ~ , Single Family Pnce Range $22_6~000_to$800.000 Predominant Value$376,000 General Appearance of Properties "y.~ Single Family Age 1 yrs. to 76 yrs. Predominant Age _ 30 yrs. Appeal to Market _ Comments Including those lectors, favorable orunfavorable, agecgng markdabiliry (e.g. public parks, schools, view, noisej: This Is an agricultural zoned neighborhood In Wood Yallev consistlnp predominantty larger acreage sites. Neighborhood Noundarles are Naalehu _ Town to the northeast the Pacific Ocean to the south and South Kona Forest to the west Dimensions Irrr~ular-See Map = 6066 SF Sq Ft. or ACres I Corner Lat 2oninq ciassDlcafion A20-A ApdeuNural Present lmDrovemenis l~_ do I do not conlorm to zoning regulations Highest and best use ~ Present use ? Omer s ecify) _ _ Public Other (Describe) OFF SITE IMPROVEMENTS TOpe Slight $IOpe_,_ _ Elec. ~ Street Access ®PUblic ?Private Slte Typical for nelghborhpotl - _ _ _ Gas Sudace Asphalt Shape lrregular Water ? Pfivete Maintenance ~ Public ? Private View Mountain son. sewer ? Cesspool Storm Sewer ? Curb/GMer Oranage Adequate-to lot line _ _ ? lNMergroulW Ekct.BT¢I. Sidewalk OSNeet Lights httepopaly lrmehdlnaHllDldent{aed SpaclalFbod HawdAren7 p{~Na'. 'Yea Cammems(hvonbk ar umavonMe lncluanp any apparem ahem easements, enuoachmems,aomer adverse cgne7ansj: 'Flood Insurance Rata Map 9-16-_68, Community Penal No. 7 661 66-1 626 0. Zone X. There are no easements or apparent adverse conditions on sublet[ site. There la en epproxlmete 30 foot wide by_170 foot loop roadway remnant area. ISee Addendu _ , The undenlAned has acded mree recent Saks of proDertles most similar and prakmate to sublect and has considered mess in me market analysis. The description Includes a tlGlar adpsanem reaectlng market rtacAw to moss hems N slAnlficant vatlallon between me sublect and comparable prapedies. h a siAnlficam hem In the comparable Draperry is superior to or more lavorable man ae sublect prgpeM. a minus atllustment Is made aus ntludng me Indcated valve of sublect, if a signhicant hem in me comparable is Inledvr to or less favorable man the subject property, a plus atllusiment is made thus increasing the indicated value of the subject. ITEM SUBJECT PROPERTY COMPARABLE N0.1 COMPARABLE NO 2____ . COMPARABLE N0. 3_ _ Atltlress Por. Grant 8267:8 South Ro `"'See Attached Sheet""" `""See Attached Sheet"' '""See Attached Sheet"' 8.6$-POr.6 PropmiNmSugiegt _ @ales Pdce $ $ _ ~ $ _ _ _ Price _ ~ _ Data Source _ _ _ Date of Sale an0 DESCRIPTION DESCRIPTION +-t~AdL,- DESCRIPTION +-]$AJust_ _OESCHIPTION __~±?$_Atljgst. Time Adjustment Location _ Sit iew _ - _ Sates or Financing Concessions _ - _ _ Net Ad. oral + - + - +-_I 1- Indicates Value gf Subject Net % Nat % Net % Commegas on MaNxt Oata'. See Attached Sheet. Comments and Conditons M Appraisal: Subleet property is not curtently listed for sale in MLS_There was no sales_hist~of _ _ sublect property during the past 3 years. _ _ The Income Approach was not applicable due to the lack of comparable sales with verified rental data. The post _ Approach was not applicable due to the lack Of Improvements. Final Recgnclliation: Greatest weight Is given to the Market Data Approach since the actions of buyers anUSellers In the open market directly reflect market value. _ _ ItanlASiaanE xxs vuue, ss psrlxsA, ar suuacr vspeaerr xs or _ September~0 20 O6_ tc be $ 6 U00__ _ _ atrkk Y. Take SRA wall Sta ert Ication #93 Dec m y2007 I Did ~ Did Not Physically Inspect Properly A raise ~ ReviewA raiser Ba licahle ~2kj Taketa Appraisals, Inc. Form LNO - "TOTAL far Windows" appraisal sofhvare by a la mode, inc, -1-800-ALAMODE