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<br /> File No -:t17q
<br />lro"rtv Addro.. 24 Waimal1no Lane Census Tract 203 LENDER DISCRETIONARY USE
<br /> Cltv H ilo County Hawa ii State HI ZloCode Q6720 Sale Pnce $
<br /> Leaal Descnotlon No lot number. Puueo South Hilo. Hawaii Date
<br /> OWner/Occuoant OLSON. Edmund C.. Trust Ma Reference 2-6-7: Ji Mortgage Amount $
<br />.. Sale Price $ N/ A Date of Sale N/ A Property Rights Appraised Mortgage Type
<br /> Loan charaes/concesslons to be oald bv seller $ N/A 00 Fee Simple Discount POints and Other Concessions
<br /> RE Taxes $ N/A Tax Year HOA $/Mo N/ A o Leasehold Paid by Seller $
<br /> Lender/Chent Edmund C. Olson o Condominium (HUD/VA)
<br /> 10201 La Cieneaa Blvd. Los Anrzeles. CA Q0041; In PUD Source
<br /> LOCATION lXJ Urban U Suburban [ Rural NEIGHBORHOOD ANALYSIS Good Avg Fa" Poor
<br /> BUILT UP o Over 75% 00 25-75% o Under 25% Employment Stablhty 00000
<br /> GROWTH RATE o Rapid 00 Stable o Slow Convenience to Employment 00000
<br /> PROPERTY VALUES o IncreaSing 00 Stable o Dechnlng Convenience to Shopping 00000
<br /> DEMAND/SUPPLY o Shortage 00 In Balance R Over Supply Convenience to Schools 00000
<br /> MARKETING TIME n Under 3 Mos fXi 3-6 Mos Over 6 Mos Adequacy of Pubhc Transportation 00000
<br />~ PRESENT LAND USE % LAND USE CHANGE PREDOMINANT SINGLE FAMILY HOUSING Recreation Faclhtles 00000
<br />~ Single Family ~ Not likely 00 OCCUPANCY PRICE AGE Adequacy of Utlhtles 00000
<br />~ 2-4 Family ---.9 Likely 0 OWner 00 $(000) (yrs) Property Compatibility 00000
<br />~ MullHamlly ~ In process 0 Tenant 0 60 Low 5 Protection from Detnmental Cond 00000
<br /> Commercial ---.9 To Vacant (0-5%) 00 150 High 35 Pohce & Fire Protection 00000
<br /> Industrial 0 Vacant (over 5%) 0 Predominant General Appearance of Properties R~RR
<br /> Vacant 50 507. Owner OCCI'l 71; - 20 Aooeal to Market
<br /> Note Race or the raCial compOSition of the neighborhood are not conSidered rehable appraisal factors COMMENTS Subiect oronertv is located
<br /> aooroximatelv two blocks from the downtown Hilo Post Office. Neirzhborhood is mixed with
<br /> acartments. condominiums. and older sinrzle familv residences. The life cvcle of the
<br /> neil2hborhood is cast the mid ooint and sloninl2 toward rehabilitation or renovation.
<br /> DimenSions Irreaular (Please see olat man attached) Topography Gentle slonina/Ava.
<br /> Site Area 2518 sq. ft. Corner Lot No Size Above Ava/Tvnical
<br /> ZOning ClaSSification RM-1 ZOning Compliance Yes Shape Sliahtlv Irrea./Ava.
<br /> HIGHEST & BEST USE Present Use Vacant other Use None Drainage Visual Adeauate/Ava.
<br /> UTILITIES Public Other SITE IMPROVEMENTS Type Public Private View River/Ocean/Averae
<br /> ElectriCity 00 Street Asphalt 00 0 Landscaping Minimum/Averaae
<br /> Gas 00 Curb/Gutter None/Typical 0 0 Dnveway Uncaved/Averaae
<br /> Water 00 Sidewalk None/Typcial 0 0 Apparent Easements None/Good
<br /> Sanitary Sewer R Cessoool Street lights at Corners .~ R FEMA Flood Hazard Yes* No X
<br /> Storm Sewer N/A Allev None FEMA* Maonone 11;1;166 0880C Zone X
<br /> COMMENTS (Apparent adverse easements. encroachments, speCial assessments, slide areas, etc ) See Attached Addendum.
<br /> The underSigned has reCited three recent sales of properties most slmlllar and proximate to subject and has conSidered these In the market analYSIS The deSCription Includes a dollar
<br /> adjustment, reflecting market reaction to those Items of slgnlftcant varlatton between the subject and comparable properties If a SignIficant Item In the comparable property IS superior
<br /> to or more favorable than the subject property a minus (-) adjustment IS made thus redUCing the IndIcated value of subject, If a Significant Item In the comparable IS Inferior to
<br /> or less favorable than the subject property a plus (+) adjustment IS made thus IncreasIng the Indicated value of the subject
<br /> ITEM SUBJECT COMPARABLE NO 1 COMPARABLE NO 2 COMPARABLE NO 3
<br /> ~-6-7:5 Please See Addendum Please See addendum Please See Addendum
<br /> Address Waimalino Ln Attached. Attached. Attached.
<br /> Proxlmllv to Sublect
<br /> Sales Price $N/A $ $ $
<br /> Prlce/ Per Sa. Ft . $ lZl$ lZl $ lZl $ lZl
<br /> Data Source lsite Insoect.
<br />. VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION I +1-) $ Ad 'ustment DESCRIPTION I +(-) $ Ad lustment DESCRIPTION I +1-\ S Adlustment
<br />. Sales or FinanCing , , ,
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<br />: Concessions , , ,
<br />. Date of Sale/Time N/A , , ,
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<br /> Location Urban/Avrz. , , ,
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<br /> Site/View I2Ji18/None , , ,
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<br />. 2151 8/None , , ,
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<br /> Net Adl Itotal\ [ J+ 11- :$ 1+ r 1- :$ I 1+ r1- :$
<br /> Indicated Value 1~ I~
<br /> of Sublect
<br /> Comments of Sales Comparison See Attached Addendum.
<br /> Comments and Conditions of Appraisal Aooraised in as is condition.
<br />. Final ReconCIliation See Attached Addendum.
<br /> I(WE)"'-"'11E~,VALUE.AS~ SUI CT PROPERTY AS OF June 3 19.9L tobe$ 2.2115
<br />· I (We) certify that to t best 0 my ur) k 0 edge db I f, the fac and data used herein are true and correct, that I (we) personally Inspected the subject property
<br />. oed ,,,,,,,,. .11 "~l' ,.. ~t~~ "}Ji!::H '" ,,,,.,,,.... ,""ro,1, ,ro.." " ,ro""',,,, "'ro" o Did o Did Not
<br /> Appralser(s) SIGNATU E f- l^ ~evlew Appraiser SIGNATURE
<br /> NAME RobeF't"G. Bloom, Jr. SGA-162/ (If applicable) NAME Inspect Property
<br />Proprietary Land Form 04/88 ThiS fOf'm was feduced on The Appraisers ChOice LaserF orm system {Som 234-URAR
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<br />LAND APPRAISAL REPORT
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<br />HawaII State CertIfied General AppraIser LIcense number 162/Explres 12/31/93
<br />Robert G. Bloom, Jr. Real Estate Appraisers, Inc.
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