BROKER PRICE OPINION

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Leslie Thompson
5 years ago
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1 BROKER PRICE OPINION Stock #: LOAN #: MCK Property Address: 1607 N 10 th Street (St. Louis Ave) City: Paducah State: KY Zip Code: The above premises was inspected on: 12/16/2014 by: Chris Fulton The property was: Vacant Occupied Is the exterior in good repair? Yes No Is the house & yard free from debris? Yes No Has the property been boarded, screened, or otherwise secured? Yes No Keybox Yes No Has the property been vandalized? Yes No Details: From exterior inspection subject appeared to be occupied. Windows have coverings from interior and there is a car parked to the side in driveway. High tenant, high turnover neighborhood. Per PVA, Lot is 40 x 165, Parcel Number: Exterior repairs needed (in order of importance) to market property. Give a "best knowledge" estimate of costs. Gutters, Eaves, Trim 1000 Windows 1000 Roof 3000 Color Exterior Photos Attached NEIGHBORHOOD DATA Property Values: Increasing Declining Stable Supply/Demand: Shortage Abundance Normal Marketing Time: Under 3 Months 4-6 Months Over 6 Months Price Range: (Neighborhood) High Low 4500 Number of houses in Direct Competition with Subject: 9 Number of sales in the past 6 months: 3 Appraisal/Room count provided by lender: Yes No SUBJECT PROPERTY Address Style Age SQ FT # Rms # BRs # Baths Gar/CP List Price List Date Fin Terms 1607 N 10 th St Paducah, KY Ranch n/a n/a n/a CURRENT HOMES FOR SALE Competitive Listings Style Age SQ FT # Rms # BRs # Baths Gar/CP List Price List Date Days on Market 1131 Palm St Paducah, KY Ranch /7/ Mile 1111 Madison Paducah, KY Ranch /14/ Mile 1601 N 11 th St Paducah, KY Ranch /21/ Mile CLOSED PROPERTIES 1 Prox to Subject

2 Competitive Sales Style Age SQ FT # Rms # BRs # Baths Gar/ CP List Price Sale Price Date Closed Days on Market 700 S 21 st St Paducah, KY Ranch /05/ Mile 1135 Martin Luther Paducah, KY Ranch /18/ Mile 2209 Park Ave Paducah, KY Ranch /16/ Mile Please supply comps even if distance is a factor. Explain any absence of available comps, i.e., no sales, etc.: Prox to Subject Subject is located within the innermost city limits of an overall rural Western KY market with limited sales data available as well as a wide range of property styles and values. I have used the best, most recent and nearest proximity sale and listing comparable properties available at this time with the most weight given to the comps most like subject. All comparable used are located in the same rural market with similar amenities that would attract the same pool of buyers. I have adjusted the most reasonable market value variance as needed for each properties unique value features impact on price compared to subject. There were not any encroachments, easements, water rights, environmental issues or other significant/special concerns noted from exterior drive by inspection PROPERTY VALUES For Ninety (90) Day Market Period: As is condition 24,000 As Is Condition: 24,000 Repaired: 29,000 For Thirty (30) Day Market Period: Quick Sale 15,000 Quick Sale: 15,000 Recommended List Price: 25,000 MARKETABILITY What current market conditions will affect the sale of the home? Available financing? No FHA or Rural housing financing available in this condition. Overall located in a slow market, high tenant occupancy on street What are the positives/negatives of the property? Subject conforms well to the area as there are other comparable properties around. High tenant and investor owned. How do the comps that were used compare to the subject? All comps used are in the same rural market with similar value features that would attract the same buyer as subject. Note specific items that could be a potential problem: There were not any specific problems noted from exterior inspection. Interior inspection may change this and the values given. 2

3 Checklist of Damages Is there any vandalism?: Is there any graffiti?: Is there any damage that appears to be caused by an act of nature?: Are there any broken windows?: Are there any broken doors?: Does anything appear to be missing? (i.e., HVAC, door knobs, fencing) : What is the condition and approx. age of roof?: Roof appeared to be at least 30+ years old. Fair condition Is this home boarded? : 3

4 Digital Photo Addendum Front Views Left side Right side Street views 4

5 Street sign 5

6 Comparable Properties Sales Comp 1: Sales Comp 2: Sales Comp 3: 6

7 Listing Comp 1: Listing Comp 2: Listing Comp 3: 7

BROKER PRICE OPINION

BROKER PRICE OPINION Stock # Parcel #137051410 Property Address: 1538 Aralia dr City: Columbia State: SC Zip Code: 29205 The above premises was inspected on: 05/07/2015 by: Rich Gehling The property was: