from: invoice invoice number · 2017. 11. 2. · 2016 1,724.59 0 deborah j. iseman c/o lawrence h....
TRANSCRIPT
Client File No.
Form NIV3_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
J B Lofton Realty & Appraisals
J B Lofton Realty & Appraisals
J B Lofton Realty & Appraisals
P.O. Box 1026
214 Market Street
Cheraw, SC 29520
(843) 921-7046
Mr. Lawrence H. Molnar
7340 Hunter Branch Dr
Atlanta, GA 30328
A728
01/23/2017
A728
A728
57-0757002
Mr. Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan
Chesterfield SC 29727
Deed Book 330, Pg. 539, Book 359, Pg. 251; & Book 400, Pg.867
600.00
600.00
0
600.00
INVOICEFROM:
Telephone Number: Fax Number:
TO:
Telephone Number: Fax Number:
Alternate Number: E-Mail:
INVOICE NUMBER
DATE
REFERENCE
Internal Order #:
Client File #:
Main File # on form:
Other File # on form:
Federal Tax ID:
Employer ID:
Client:
Property Address:
City:
County: State: Zip:
Legal Description:
$
DESCRIPTION
FEES AMOUNT
SUBTOTAL
PAYMENTS AMOUNT
Check #: Date: Description:
Check #: Date: Description:
Check #: Date: Description:
SUBTOTAL
TOTAL DUE
Client File No. Page # 1
APPRAISAL OF REAL PROPERTY
819 Triple Creek Rd
Mount Croghan, SC 29727
Deed Book 330, Pg. 539, Book 359, Pg. 251; & Book 400, Pg.867
Mr. Lawrence H. Molnar
7340 Hunter Branch Dr
Atlanta, GA 30328
$329,000
01/16/2017
JEREMY H LOFTON
J B Lofton Realty & Appraisals
P.O. BOX 1026, 214 MARKET STREET
CHERAW, SC 29520
(843) 537-2898
Form GA1V_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
LOCATED AT
FOR
OPINION OF VALUE
AS OF
BY
Client File No.
A728Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Cover Page ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
USPAP Identification ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Letter of Transmittal ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT MAP ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
NEIGHBORHOOD MAP ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT MAP ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT - AERIAL TAX MAP ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Building Sketch ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GP Residential ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GP Residential ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Additional Comparables 4-6 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GP Residential ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
General Text Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GP Residential ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GP Residential Certifications Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT - Partial Plat ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT - Partial Plat ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT - Partial Plat ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT - FEMA FLOOD MAP (1) ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT - FEMA FLOOD MAP (2) ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT - USDA SOIL MAP - Page 1 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT - USDA SOIL MAP - Page 2 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT - USDA SOIL MAP - Page 3 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SUBJECT - USDA SOIL MAP - Page 4 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Subject Photos ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Comparable Sales Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Comparable Sales 1 & 5 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Comparable Sales 2 & 6 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Comparable Sales 3 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Comparable Sales 4 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Comparable Photos 1-3 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SALE 1 - AERIAL MAP ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SALE 2 - AERIAL MAP ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SALE 3 - AERIAL MAP ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Comparable Photos 4-6 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SALE 4 - AERIAL MAP ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SALE 5 - AERIAL MAP ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SALE 6 - AERIAL MAP ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
APPRAISERS RESUME - Page 1 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
APPRAISERS RESUME - Page 2 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
APPRAISERS RESUME - Page 1 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
APPRAISERS RESUME - Page 2 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
15
16
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
Form TOCNP_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Owner
Client
File No.
Property Address
City County State Zip Code
TABLE OF CONTENTS
Client File No. Page # 2
Deborah J. Iseman c/o Lawrence H. Molnar A728
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
APPRAISAL AND REPORT IDENTIFICATION
2-2(a)
2-2(b)
Comments on Standards Rule 2-3
I certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct.
- The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional
analyses, opinions, and conclusions.
- Unless otherwise indicated, I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved.
- Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year
period immediately preceding acceptance of this assignment.
- I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment.
- My engagement in this assignment was not contingent upon developing or reporting predetermined results.
- My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the
client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.
- My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that
were in effect at the time this report was prepared.
- Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report.
- Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification (if there are exceptions, the name of each
individual providing significant real property appraisal assistance is stated elsewhere in this report).
Comments on Appraisal and Report IdentificationNote any USPAP related issues requiring disclosure and any State mandated requirements:
JEREMY H LOFTON
SRA
2914
SC 06/30/2018
01/24/2017
01/16/2017
01/16/2017
01/24/2017
Form ID14_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Owner
Client
File No.
Property Address
City County State Zip Code
This Report is one of the following types:
Appraisal Report (A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report.)
RestrictedAppraisal Report
(A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report,restricted to the stated intended use by the specified client or intended user.)
APPRAISER:
Signature:
Name:
State Certification #:
or State License #:
State: Expiration Date of Certification or License:
Date of Signature and Report:
Effective Date of Appraisal:
Inspection of Subject: None Interior and Exterior Exterior-Only
Date of Inspection (if applicable):
SUPERVISORY or CO-APPRAISER (if applicable):
Signature:
Name:
State Certification #:
or State License #:
State: Expiration Date of Certification or License:
Date of Signature:
Inspection of Subject: None Interior and Exterior Exterior-Only
Date of Inspection (if applicable):
Client File No. Page # 3
J B Lofton Realty & Appraisals
P.O. BOX 1026, 214 MARKET STREET
CHERAW, SC 29520
(843) 537-2898
01/24/2017
Mr. Lawrence H. Molnar
7340 Hunter Branch Dr
Atlanta, GA 30328
Re: Property: 819 Triple Creek Rd
Mount Croghan, SC 29727
Borrower:
File No.: A728
Opinion of Value: $ 329,000
Effective Date: 01/16/2017
In accordance with your request, we have appraised the above referenced property. The report of that appraisal is
attached.
The purpose of the appraisal is to develop an opinion of market value for the property described in this appraisal report,
as improved, in unencumbered fee simple title of ownership.
This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and
city, and an economic analysis of the market for properties such as the subject. The appraisal was developed and the
report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice.
The opinion of value reported above is as of the stated effective date and is contingent upon the certification and limiting
conditions attached.
It has been a pleasure to assist you. Please do not hesitate to contact me or any of my staff if we can be of additional
service to you.
Sincerely,
JEREMY H LOFTON
SRA
License or Certification #: 2914
State: SC Expires: 06/30/2018
Client File No. Page # 4
SUBJECT MAP
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 5
NEIGHBORHOOD MAP
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 6
SUBJECT MAP
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 7
SUBJECT - AERIAL TAX MAP
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 8
Form SKT.BLDSKI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Building Sketch
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 9J B Lofton Realty & Appraisals
A728RESIDENTIAL APPRAISAL REPORT819 Triple Creek Rd Mount Croghan SC 29727
Chesterfield Deed Book 330, Pg. 539, Book 359, Pg. 251; & Book 400, Pg.867
084-000-000-001, 002, & 039
2016 1,724.59 0
Deborah J. Iseman c/o Lawrence H. Molnar
0
Mt. Croghan 084-00-00-01,02,039 9503.00
To determine an opinion of fair market value for possible future sale.
Lawrence H. Molnar
Mr. Lawrence H. Molnar 7340 Hunter Branch Dr, Atlanta, GA 30328
JEREMY H LOFTON P.O. BOX 1026, 214 MARKET STREET, CHERAW, SC 29520
15
300
90
5
80
26
30
5
Other 65
See attached addenda.
Various Dimensions (see attached plats) 76.92+/- Acres
General Development accommodates a variety of land uses in
unincorporated areas of Chesterfield Co.
Mini-Farm Mini-Farm
See attached addenda.
on-site tank
well-typical for area
septic tanks (2)
Dirt
none
none
yard
none
various gradual slopes
average
Irregular
Appears adequate
residential & woodlands
X 45025C0075C & 0225C 09/16/2011
Based on analysis of Assessor's records, recorded deeds & plats, the subject's site consists of approx. 76.92 acres. This
irregular shaped site is broken down into approx. 2 acres of farmstead, 5 acres of open land, a 3 acre pond; and approx 66.92 acres of
woodlands. The woodland areas consists of planted longleaf (2004/2005) and natural pines and hardwoods. Based on FEMA flood maps the
subject is not located in a flood zone. (see attached flood and soil maps).
1
1.5
Country
35
20
blk.brick/aver.
masonite sid./good
fib.shingle/aver.
none
dhg.wood/aver.
insulated/aver.
no
yes
none
none
none app.
none app.
none app.
forced air
heat pump
elec.
central air
Form GPRES2G_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.:
SU
BJE
CT
Property Address: City: State: Zip Code:
County: Legal Description:
Assessor's Parcel #:
Tax Year: R.E. Taxes: $ Special Assessments: $ Borrower (if applicable):
Current Owner of Record: Occupant: Owner Tenant Vacant Manufactured Housing
Project Type: PUD Condominium Cooperative Other (describe) HOA: $ per year per month
Market Area Name: Map Reference: Census Tract:
AS
SIG
NM
EN
T
The purpose of this appraisal is to develop an opinion of: Market Value (as defined), or other type of value (describe)
This report reflects the following value (if not Current, see comments): Current (the Inspection Date is the Effective Date) Retrospective Prospective
Approaches developed for this appraisal: Sales Comparison Approach Cost Approach Income Approach (See Reconciliation Comments and Scope of Work)
Property Rights Appraised: Fee Simple Leasehold Leased Fee Other (describe)
Intended Use:
Intended User(s) (by name or type):
Client: Address:
Appraiser: Address:
MA
RK
ET
AR
EA
DE
SC
RIP
TIO
N
Location: Urban Suburban Rural
Built up: Over 75% 25-75% Under 25%
Growth rate: Rapid Stable Slow
Property values: Increasing Stable Declining
Demand/supply: Shortage In Balance Over Supply
Marketing time: Under 3 Mos. 3-6 Mos. Over 6 Mos.
PredominantOccupancy
Owner
Tenant
Vacant (0-5%)
Vacant (>5%)
One-Unit Housing
PRICE
$(000)
Low
High
Pred
AGE
(yrs)
Present Land Use
One-Unit %
2-4 Unit %
Multi-Unit %
Comm'l %
%
Change in Land Use
Not Likely
Likely * In Process *
* To:
Market Area Boundaries, Description, and Market Conditions (including support for the above characteristics and trends):
SIT
E D
ES
CR
IPT
ION
Dimensions: Site Area:
Zoning Classification: Description:
Zoning Compliance: Legal Legal nonconforming (grandfathered) Illegal No zoning
Are CC&Rs applicable? Yes No Unknown Have the documents been reviewed? Yes No Ground Rent (if applicable) $ /
Highest & Best Use as improved: Present use, or Other use (explain)
Actual Use as of Effective Date: Use as appraised in this report:
Summary of Highest & Best Use:
Utilities Public Other Provider/Description Off-site Improvements Type Public Private
Electricity
Gas
Water
Sanitary Sewer
Storm Sewer
Street
Curb/Gutter
Sidewalk
Street Lights
Alley
Topography
Size
Shape
Drainage
View
Other site elements: Inside Lot Corner Lot Cul de Sac Underground Utilities Other (describe)
FEMA Spec'l Flood Hazard Area Yes No FEMA Flood Zone FEMA Map # FEMA Map Date
Site Comments:
IMP
RO
VE
ME
NT
S
General Description
# of Units Acc.Unit
# of Stories
Type Det. Att.
Design (Style)
Existing Proposed Und.Cons.
Actual Age (Yrs.)
Effective Age (Yrs.)
Exterior Description
Foundation
Exterior Walls
Roof Surface
Gutters & Dwnspts.
Window Type
Storm/Screens
Foundation
Slab
Crawl Space
Basement
Sump Pump
Dampness
Settlement
Infestation
Basement None
Area Sq. Ft.
% Finished
Ceiling
Walls
Floor
Outside Entry
Heating
Type
Fuel
Cooling
Central
Other
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
3/2007
Client File No. Page # 10
A728RESIDENTIAL APPRAISAL REPORT
hw,carp,vinyl/abv.ave.
drywall&panel/abv.av.
wood/average
vinyl tile/abv.average
drywall/abv. average
hollow interior
solid exterior
1fp
screened porch
por & brzway
Other Cabin, grill shelt.
5
2 398/SF
3
dirt & gravel
8 3 2 1,980
The following items are worthy of mention as they contribute to the overall appeal. large site area (76.92 acres w/ 3+/- acre
pond), cabin, grille shelter, carport, breezeway and porches, screened porch, fireplace, wired alarm, floored attic storage, and appliances.
The subject is in above average to good condition for its age
and quality of construction. The improvements are adequate maintained with no functional inadequacies. No significant deficiencies are
observed and no repairs are required at this time. Recent up-dates include new siding, paint, and new storm doors.
819 Triple Creek Rd
Mount Croghan, SC 29727
Pers.inspection
owner/pub.rec.
Fee Simple
Rural/average
76.92+/- Acres
resid. & woodlands
Country
1.5sty siding/good
A35/ E(20)
Abv. Average
8 3 2
1,980
none
Typical
fa./cent.
Insl.Wndws.
2-car carport
por., brz, scr.por.
Fireplace,Stor,Etc cabin,fp,shelt,stor,etc
674 Triple Creek Rd
Mount Croghan, SC 29727
0.05 miles E
240,000
123.90
PDMLS #127019
ext.observation,public record
N/C
05/2016
Fee Simple
Rural/average
19.97 ac +131,500
resid.&woodlands
Neo Ecl.
1.5sty brick/sup. -5,800
A23/ E(10) -12,000
Abv. Average
6 3 2.5 -2,500
1,937 +1,700
min.fin.500sf -4,000
Typical
fa./cent.
vinyl windows 0
2-car garage -8,000
porch,lrg.deck +1,000
fenc,irr,barn(2),etc -13,000
88,900
328,900
2120 Macedonia Angelus Rd
Jefferson, SC 29718
11.55 miles S
287,900
117.80
CMLS #3141712
ext.observation,public record
N/C
05/2016
Fee Simple
Rural/average
37 ac +79,500
resid.&woodlands
Neo Ecl.
1.5sty brick/sup. -7,300
A6/ E(4) -23,000
Abv. Average
8 4 3.0 -5,000
2,444 -18,600
none
Typical
fa./cent.
Insl.Wndws.
2-car garage -8,000
cov. por (2) +1,000
fp,stor.,shed,appl +15,000
33,600
321,500
6227 Angelus Rd
Ruby, SC 29741
6.90 miles SE
250,000
136.99
PDMLS #124395
ext.observation,public record
N/C
06/2016
Fee Simple
Rural/average
15.33 ac +124,500
resid. &woodlands
Ranch
1sty siding/good
A16/ E(9) -13,800
Abv. Average
6 3 2.0
1,825 +6,200
none
Typical
fa./cent.
Insl.Wndws.
none +5,000
porch, patio +1,500
lrg barn,aprtmnt,etc -20,000
103,400
353,400
Form GPRES2G_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.:
DE
SC
RIP
TIO
N O
F IM
PR
OV
EM
EN
TS
(co
nti
nu
ed
)
Interior Description
Floors
Walls
Trim/Finish
Bath Floor
Bath Wainscot
Doors
Appliances
Refrigerator
Range/Oven
Disposal
Dishwasher
Fan/Hood
Microwave
Washer/Dryer
Attic None
Stairs
Drop Stair
Scuttle
Doorway
Floor
Heated
Finished
Amenities
Fireplace(s) #
Patio
Deck
Porch
Fence
Pool
Woodstove(s) #
Car Storage None
Garage # of cars ( Tot.)
Attach.
Detach.
Blt.-In
Carport
Driveway
Surface
Finished area above grade contains: Rooms Bedrooms Bath(s) Square Feet of Gross Living Area Above Grade
Additional features:
Describe the condition of the property (including physical, functional and external obsolescence):
SA
LE
S C
OM
PA
RIS
ON
AP
PR
OA
CH
SALES COMPARISON APPROACH TO VALUE (if developed) The Sales Comparison Approach was not developed for this appraisal.
FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
Address
Proximity to Subject
Sale Price $ $ $ $
Sale Price/GLA $ /sq.ft. $ /sq.ft. $ /sq.ft. $ /sq.ft.
Data Source(s)
Verification Source(s)
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) $ Adjust. DESCRIPTION +(-) $ Adjust. DESCRIPTION +(-) $ Adjust.
Sales or Financing
Concessions
Date of Sale/Time
Rights Appraised
Location
Site
View
Design (Style)
Quality of Construction
Age
Condition
Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths
Room Count
Gross Living Area sq.ft. sq.ft. sq.ft. sq.ft.
Basement & Finished
Rooms Below Grade
Functional Utility
Heating/Cooling
Energy Efficient Items
Garage/Carport
Porch/Patio/Deck
Net Adjustment (Total) + - + - + -$ $ $
Adjusted Sale Price
of Comparables $ $ $Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
3/2007
Client File No. Page # 11
A728ADDITIONAL COMPARABLE SALES
819 Triple Creek Rd
Mount Croghan, SC 29727
Pers.inspection
owner/pub.rec.
Fee Simple
Rural/average
76.92+/- Acres
resid. & woodlands
Country
1.5sty siding/good
A35/ E(20)
Abv. Average
8 3 2
1,980
none
Typical
fa./cent.
Insl.Wndws.
2-car carport
por., brz, scr.por.
Fireplace,Stor,Etc cabin,fp,shelt,stor,etc
3054 Zeb Deese Rd
Lancaster, SC 29720
18.46 miles W
350,000
121.07
PRMLS #1096810
ext.observation,public record
N/C
06/2015
Fee Simple
Rural/superior -17,500
21.00 ac +75,000
resid. &woodlands
Country
1.5sty siding/good
A15/ E(7) -22,800
Abv. Average
7 3 2.0
2,891 -36,400
none
Typical
fa./cent.
Insl. Wndws.
2-car garage -8,000
cov.por.,patio +2,000
fp,shop,stor,etc 0
-7,700
342,300
91 Rockhouse Rd
Mount Croghan, SC 29727
2.19 miles E
244,000
121.21
PDMLS #117510
ext.observation,public record
N/C
12/2016
Fee Simple
Rural/average
31.49 ac +105,500
resid. & woodlands
Country
1sty stone/inferior +6,000
A77/ E(28) +9,800
Inferior +2,000
7 2 2 +4,000
2,013 -1,300
none
Typical
fa./cent.
storm wndws. 0
2-car garage -8,000
por,scr.,patio 0
shops(4),office,etc -30,000
88,000
332,000
4243 Steen Rd
Mount Croghan, SC 29727
6.96 miles S
254,485
144.02
PDMLS #124544
ext.observation,public record
N/C
01/2016
Fee Simple
Rural/average
67.00 acres +32,500
resid. &woodlands
Country
1sty siding/good
A28/ E(14) -7,600
Abv. Average
6 2 2 +4,000
1,767 +8,500
none
Typical
fa./cent.
Insl.Wndws.
2-car garage -8,000
porch,lrg.deck 0
shop,2fp,fenc,appl. +5,000
34,400
288,885
Form GPRES2G_LT.(AC) - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
4 5 6
File No.:
SA
LE
S C
OM
PA
RIS
ON
AP
PR
OA
CH
FEATURE SUBJECT COMPARABLE SALE # COMPARABLE SALE # COMPARABLE SALE #
Address
Proximity to Subject
Sale Price $ $ $ $
Sale Price/GLA $ /sq.ft. $ /sq.ft. $ /sq.ft. $ /sq.ft.
Data Source(s)
Verification Source(s)
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) $ Adjust. DESCRIPTION +(-) $ Adjust. DESCRIPTION +(-) $ Adjust.
Sales or Financing
Concessions
Date of Sale/Time
Rights Appraised
Location
Site
View
Design (Style)
Quality of Construction
Age
Condition
Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths
Room Count
Gross Living Area sq.ft. sq.ft. sq.ft. sq.ft.
Basement & Finished
Rooms Below Grade
Functional Utility
Heating/Cooling
Energy Efficient Items
Garage/Carport
Porch/Patio/Deck
Net Adjustment (Total) + - + - + -$ $ $
Adjusted Sale Price
of Comparables $ $ $
Summary of Sales Comparison Approach
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
3/2007
Client File No. Page # 12
A728RESIDENTIAL APPRAISAL REPORTThe adjustments made to the sales represents the appraiser's attempt to isolate and compensate for
significantly dissimilar features. Adjustments for dissimilar features or conditions approximate market reactions and are not necessarily
based on cost. Adjustments rounded to the nearest hundred dollars. Comparables are selected for size, location, and construction. The
sales displayed are considered to be the most comparable and the best indications of value for the subject property. Some of the sales
are over 6 months old. This is not uncommon for the market area due to the amount of market activity that occurs within a 6-12 month
period.
The adjusted sales range from $288,885 to $353,400. The mean (average) value is $327,831(R); and the median value is $330,450. Based on
the sales having various adjustments, weighted consideration is given to each sale.
**** SEE ATTACHED ADDENDA FOR FURTHER ANALYSIS ***
329,000
Chesterfield County Assessor's Office
The subject's 3 parcels had no prior
transactions within 3 years of the effective date of this report.
The opinion of site value was based on an
analysis of land sales over the last 3-4 years, discussions with local realtors, and a general market analysis. As noted the subject consists of
approximately 2 acres of homestead, 5 acres of open land, a 3 acre pond, and 66.92 acres of woodlands. The woodland area is broken into
planted longleaf (2004/2005) and young longleaf pine and a mix of natural pines and hardwood. The contributory timber value is estimated
@ $600 per acre or $40,000 (R). The homestead portion (2 acres) is valued @ $2,800 per acre or $5,600; and the open land (5 acres)
is valued @ $2,200 per acre or $11,000. The pond (3 acres) is valued @ $10,000 per acre or $30,000. The woodland area (66.92
acres) is valued @ $1,300 per acre or $86,996. The total opinion of site value is $173,596 or $173,500. This reflects a per acre value
of $2,255.59.
Marshall & Swift Residential Cost Handbook
ave/good 2016
173,500
1,980 84.23 166,775
cabin,scr.por.,brz,por.,fp,stor.,appl,etc 48,000
398 20.00 7,960
222,735
68,536 13,364 81,900
140,835
3,000
317,335
SEE ATTACHED SKETCH ADDENDUM. EXTERNAL ADJUSTMENT
MADE FOR CURRENT ECONOMIC MARKET AND CONSIDERATION
FOR LOCAL MULTIPLIER. LOCAL MULTIPLIER INDICATED BY
MARSHALL & SWIFT IS OF THE FLORENCE AREA, WHICH IS A
LARGER, MORE ACTIVE MARKET.
45
Form GPRES2G_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.:
SA
LE
S C
OM
PA
RIS
ON
AP
PR
OA
CH
(co
nti
nu
ed
)
Summary of Sales Comparison Approach
Indicated Value by Sales Comparison Approach $
TR
AN
SF
ER
HIS
TO
RY
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.
Data Source(s):
1st Prior Subject Sale/Transfer
Date:
Price:
Source(s):
2nd Prior Subject Sale/Transfer
Date:
Price:
Source(s):
Analysis of sale/transfer history and/or any current agreement of sale/listing:
CO
ST
AP
PR
OA
CH
COST APPROACH TO VALUE (if developed) The Cost Approach was not developed for this appraisal.
Provide adequate information for replication of the following cost figures and calculations.
Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value):
ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW
Source of cost data:
Quality rating from cost service: Effective date of cost data:
OPINION OF SITE VALUE =$
DWELLING Sq.Ft. @ $ =$
Sq.Ft. @ $ =$
Sq.Ft. @ $ =$
Sq.Ft. @ $ =$
Sq.Ft. @ $ =$
=$
Garage/Carport Sq.Ft. @ $ =$
Total Estimate of Cost-New =$
Less Physical Functional External
Depreciation =$( )
Depreciated Cost of Improvements =$
''As-is'' Value of Site Improvements =$
=$
=$
INDICATED VALUE BY COST APPROACH =$
Comments on Cost Approach (gross living area calculations, depreciation, etc.):
Estimated Remaining Economic Life (if required): YearsCopyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
3/2007
• GP Residential: Market Area Description - Boundaries, Description, ConditionsThe subject property is located in the north-central portion of Chesterfield County; and less than 7 miles east of the Town ofPageland. The neighborhood is described as rural, with a majority of the area being undeveloped with open land & woodlands.The neighborhood also includes the small town of Mt. Croghan. Improvements in the area are primarily single-family residencesvarying in design, age, quality, & size. It is not uncommon for homes in this area to have a site greater than 1 acre. Theneighborhood does include some mini-farms in the area which have custom built homes and surrounding acreage for personaluse. Other improvements in the area include local commercial businesses and community churches. These types of land usesare limited in number and as such do not currently create a new demand for the neighborhood. Undeveloped areas in theneighborhood are used for recreation, farm production, and/or timber harvest. As of the date of this report there is no evidenceof buydowns or expected seller concessions in the area. The typical exposure time for similar properties in this area is 6-12months. The definition of exposure time used is taken from the Definitions section of the 2016-2017 version of USPAP. Exposuretime is not defined the same as marketing time but may be the same number of days.
The subject's neighborhood boundaries are as follows: North by SC Hwy 9; East by SC Hwy 268; South by Crossroads ChurchRd; and West by Guess Rd & Gum Springs Church Rd. (See attached neighborhood map).
• GP Residential: Site Description - Summary of Highest & Best Use
Evaluation of HBU includes four steps. Legally permissible, physically possible, financially feasible, and maximally productive.The subject consists of approx. 76.92 acres, a single-family home, and small cabin. Based on this analysis the subject's highestand best use is as a mini-farm type property. This is based on the subject's site area, improvements, location, access,surrounding land uses, and current market demand. The HBU as vacant or as improved would be for a farm type use available tocropland, timberland, and/or recreational use. Physically possible- As vacant, the site has approx. 76.92 acres of woodlands,open land, and pond. The site is accessed by Triple Creek Road. Legally permissible- Zoning for the subject is GD-GeneralDevelopment, and allows various types of land uses for unincorporated areas of Chesterfield County. Financially feasible- Thesite is located in a rural neighborhood with a majority of the area being undeveloped with open land and woodlands. Improvements in the area are primarily single-family residences. Based on surrounding land uses and the current housingdemand in the neighborhood, it is more financially feasible to develop the subject for a mini-farm type use. Maximally productive- Based on this analysis, the subject's highest and best use "as vacant" is for a mini-farm use. This is its maximally productiveuse. Highest and Best Use "as improved"- Using the same 4-criteria test (physically possible, legally permissible, financiallyfeasible, and maximally productive) the subject's improvements and functional use enhance and support a mini-farm use.
* GP Residential : Sales Comparison Analysis (Continued)Site- Estimated site values are based on individual locations and comparable land sales in their respective neighborhoods. Fiveof the comparable sales are located within the general market area. The remaining sale is located in similar rural typeneighborhood. Though the subject and sales have various site areas, they are within a market accepted range for comparisonbased on various similar characteristics. As indicated in the site analysis (see addendum comments) the subject's site value isestimated to be $173,500. Sale 1 is located within view of the subject, and consists of 19.97 acres. The breakdown includes a 0.97 acre homestead @$2,800 per acre; 10 acres of open land @ $2,200 per acre; and 9 acres of woodlands @ $1,900 per acre. Based on thebreakdown this sale has a site value of $41,900 or $42,000 (R). Sale 2 is located in the Jefferson market area; and in a neighborhood that is less developed. This sale consists of 37 acres witha site breakdown of approx. 2.3 acres of homestead @ $2,800 per acre; 7.0 acres of open land @ $2,200 per acre; approx. 25acres of woodlands @ $1,800 per acre; and a 2.7 acre pond @ $10,000 per acre. Based on the breakdown this sale has asite value of $94,000.Sale 3 is located in a similar rural setting; and includes 15.33 acres. This sale consists primarily of open land that is used for amini-farm. Sale 3 is valued @ $3,200 per acre or $49,000 (R). Sale 4 is located in the Buford community of Lancaster County; near the NC/SC state line. The sale consists of 21.00 acres witha site breakdown of approx. 10 acres of open land @ $6,000 per acre; and approx. 11 acres of woodlands @ $3,500 per acre.This sale has a site value of $98,500.Sale 5 is located in the subject's neighborhood; and includes 31.49 acres. This sale is broken down into 6.49 acres of open land@ $2,800 per acre; and 25 acres of woodlands @ $2,000 per acre. Based on the indicated breakdown this sale has a sitevalue of $68,000 (R). Sale 6 is located in the subject's neighborhood; and includes 67 acres. This sale is broken down into 4 acres of farmstead @$3,000 per acre; 4.3 acres of open land @ $2,200 per acre; 57.7 acres of woodlands @ $1,900 per acre; and a 1 acre pond @$10,000. Based on the indicated breakdown this sale has a site value of $141,000 (R).
Quality of Construction- The subject has an over-all good quality of construction and a siding exterior. Sale 1 & 2 have superiorbrick exteriors. These sales are adjusted @ $3.00 per square foot x Comps. GLA. Sale 5 is an older home that reflects a lower
Client File No. Page # 13
Supplemental Addendum
Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
A728
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Owner
Client
Property Address
City County State Zip Code
File No.
brick exteriors. These sales are adjusted @ $3.00 per square foot x Comps. GLA. Sale 5 is an older home that reflects a lower
quality of construction. This sale is adjusted @ $3.00 per square foot x Comps. GLA.
Age & Effective Age- Percentage adjustments are made to each sale based on their difference in estimated effective ages. Theactual age of homes given in the sales comparison approach does factor in to the estimated effective age, but is providedprimarily for descriptive purposes. Effective ages reflect not only the actual age of long lived items, but also gives considerationsfor marketable factors such as up-dates, additions, repairs, and remodeling. A 1% adjustment is made for every two yeardifference in estimated effective age.
Condition - Sale 5 has a lower over-all condition rating. An adjustment is made according to an estimated difference at $1.00 persquare foot x Comps. GLA. This adjustment takes into consideration general condition of improvements and short-lived items.
Room Count- Comps. adjusted @ $4,000 per bedroom (less than 3 bedrooms), $5,000 per full bathroom; and $2,500 per halfbath.
Gross Living Area- The adjustment for differences in GLA are based on a percentage of the average Price/GLA of thecomparable sales selected. Market analysis indicates a $40.00 per square foot difference for GLA differences in homes of thisage, quality, size, & etc.
Additional Amenities- Estimated contributory values for the amenities of the subject and comparables are based on a marketanalysis (demand & expectations), estimated cost and depreciation. The subject has various amenities which contribute to itsmarket appeal and value. Some of the noted items include an on-site cabin, carport, screened porch, cov. porch, fireplace,storage, and appliances. Though these types of amenities are not uncommon for the area, the exact combination of items arenot found in every comparable sale that occurs. Taking into consideration the various amenities included with property,adjustments are based on condition, demand, and functional use. Sales with various amenities (some similar) are used to off-setthe amount of $ adjustments.
LISTING HISTORYThe subject was last listed by Lewis Realty of Chesterfield County and the Pee Dee MLS (#127366). The subject was listed on02/28/2016 for $275,000. The listing indicates 263 days on market. The property was taken off the market on 11/08/2016 with alist price of $240,000.
Client File No. Page # 14
Supplemental Addendum
Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
A728
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Owner
Client
Property Address
City County State Zip Code
File No.
Client File No. Page # 15
A728RESIDENTIAL APPRAISAL REPORT
The number of leased properties in the market area is minimal and this
approach does not reflect motivations of market participants. This approach is not appropriate.
329,000 317,335 Not Dev.
The final opinion of market value is based on the Sales Comparison analysis. Cost approach completed and gives support to
the value derived from the Sales Comparison Approach. Income approach not completed due to the lack of market data. Subject is appraised
in terms of cash or its equivalent. The final opinion of market value is $329,000.
329,000 01/16/2017
01/16/2017
55
Scope of Work Limiting Cond./Certifications Narrative Addendum Photograph Addenda Sketch Addendum
Map Addenda Additional Sales Cost Addendum Flood Addendum Manuf. House AddendumHypothetical Conditions Extraordinary Assumptions
Form GPRES2G_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.:
INC
OM
E A
PP
RO
AC
H
INCOME APPROACH TO VALUE (if developed) The Income Approach was not developed for this appraisal.
Estimated Monthly Market Rent $ X Gross Rent Multiplier = $ Indicated Value by Income Approach
Summary of Income Approach (including support for market rent and GRM):
PU
D
PROJECT INFORMATION FOR PUDs (if applicable) The Subject is part of a Planned Unit Development.
Legal Name of Project:
Describe common elements and recreational facilities:
RE
CO
NC
ILIA
TIO
N
Indicated Value by: Sales Comparison Approach $ Cost Approach (if developed) $ Income Approach (if developed) $
Final Reconciliation
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
completed, subject to the following repairs or alterations on the basis of a Hypothetical Condition that the repairs or alterations have been completed, subject to
the following required inspection based on the Extraordinary Assumption that the condition or deficiency does not require alteration or repair:
This report is also subject to other Hypothetical Conditions and/or Extraordinary Assumptions as specified in the attached addenda.
Based on the degree of inspection of the subject property, as indicated below, defined Scope of Work, Statement of Assumptions and Limiting Conditions,and Appraiser’s Certifications, my (our) Opinion of the Market Value (or other specified value type), as defined herein, of the real property that is the subjectof this report is: $ , as of: , which is the effective date of this appraisal.If indicated above, this Opinion of Value is subject to Hypothetical Conditions and/or Extraordinary Assumptions included in this report. See attached addenda.
Appraiser Inspection of Subject: Interior & Exterior Exterior Only None
Date of Inspection:
Co-Appraiser Inspection of Subject: Interior & Exterior Exterior Only None
Date of Inspection:
AT
TA
CH
ME
NT
S A true and complete copy of this report contains pages, including exhibits which are considered an integral part of the report. This appraisal report may not be
properly understood without reference to the information contained in the complete report.
Attached Exhibits:
GE
NE
RA
L C
OM
ME
NT
S
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
3/2007
Client File No. Page # 16
A728Assumptions & Limiting Conditions819 Triple Creek Rd Mount Croghan SC 29727
Mr. Lawrence H. Molnar 7340 Hunter Branch Dr, Atlanta, GA 30328
JEREMY H LOFTON P.O. BOX 1026, 214 MARKET STREET, CHERAW, SC 29520
STATEMENT OF ASSUMPTIONS & LIMITING CONDITIONS- The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership.- The appraiser may have provided a sketch in the appraisal report to show approximate dimensions of the improvements, and any such sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. Unless otherwise indicated, a Land Survey was not performed.- If so indicated, 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 the appraisal report whether 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.- 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.- If the cost approach is included in this appraisal, the appraiser has estimated the value of the land in the cost approach at its highest and best use, and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. Unless otherwise specifically indicated, the cost approach value is not an insurance value, and should not be used as such.- The appraiser has noted in the appraisal report any adverse conditions (including, but not limited to, needed repairs, depreciation, 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 normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property, or adverse environmental conditions (including, but not limited to, the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser 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, the appraisal report must not be considered as an environmental assessment of the property.- The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties.- The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice, and any applicable federal, state or local laws.- If this appraisal is indicated as subject to satisfactory completion, repairs, or alterations, the appraiser has based his or her appraisal report and valuation conclusion on the assumption that completion of the improvements will be performed in a workmanlike manner.- An appraiser's client is the party (or parties) who engage an appraiser in a specific assignment. Any other party acquiring this report from the client does not become a party to the appraiser-client relationship. Any persons receiving this appraisal report because of disclosure requirements applicable to the appraiser's client do not become intended users of this report unless specifically identified by the client at the time of the assignment.- The appraiser's written consent and approval must be obtained before this appraisal report can be conveyed by anyone to the public, through advertising, public relations, news, sales, or by means of any other media, or by its inclusion in a private or public database. - An appraisal of real property is not a 'home inspection' and should not be construed as such. As part of the valuation process, the appraiser performs a non-invasive visual inventory that is not intended to reveal defects or detrimental conditions that are not readily apparent. The presence of such conditions or defects could adversely affect the appraiser's opinion of value. Clients with concerns about such potential negative factors are encouraged to engage the appropriate type of expert to investigate.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
3/2007
Client File No. Page # 17
A728Definitions & Scope of Work819 Triple Creek Rd Mount Croghan SC 29727
Mr. Lawrence H. Molnar 7340 Hunter Branch Dr, Atlanta, GA 30328
JEREMY H LOFTON P.O. BOX 1026, 214 MARKET STREET, CHERAW, SC 29520
DEFINITION OF MARKET VALUE *:Market value means 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 and 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 acting in what they consider their own best interests; 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. * This definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994, and in the Interagency Appraisal and Evaluation Guidelines, dated October 27, 1994.
The Scope of Work is the type and extent of research and analyses performed in an appraisal assignment that is required to produce credible assignment results, given the nature of the appraisal problem, the specific requirements of the intended user(s) and the intended use of the appraisal report. Reliance upon this report, regardless of how acquired, by any party or for any use, other than those specified in this report by the Appraiser, is prohibited. The Opinion of Value that is the conclusion of this report is credible only within the context of the Scope of Work, Effective Date, the Date of Report, the Intended User(s), the Intended Use, the stated Assumptions and Limiting Conditions, any Hypothetical Conditions and/or Extraordinary Assumptions, and the Type of Value, as defined herein. The appraiser, appraisal firm, and related parties assume no obligation, liability, or accountability, and will not be responsible for any unauthorized use of this report or its conclusions.
Additional Comments (Scope of Work, Extraordinary Assumptions, Hypothetical Conditions, etc.):
The Scope of Work for this assignment began with identifying the Client, Intended User(s), and the Intended Use of this appraisal report. As required by USPAP, the appraiser is required to identify at the time of the assignment, the Client, the Intended Use and the Intended User(s) of an appraisal. The intended user of this report is Mr. Lawrence Molnar. The intended use of this report is to establish an opinion of fair market value for possible future sale.
The Scope of Work includes research into the market conditions in the area surrounding the subject property. The appraiser researched sales of similar properties within the last 24 months. Sale data is analyzed and the comparable sales for the Sales Comparison Approach are selected. These sales are verified through tax records and/or contact with parties involved in the sale. An exterior and interior inspection of the subject property is performed and the property is measured in accordance with accepted practices in order to determine the GLA of the subject property.
James Lofton, a SC registered forester (#1047) and certified general appraiser (#492), provided professional assistance with the analysis and estimation of the subject's timber. A timber cruise of the subject's timber was not performed. The indicated contributory value of the subject's timber and comparable sale's timber is an approximate estimation based on a limited visual timber inspection, and is used to determine a final opinion of market value.
The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.
As of the date of this report, I (Jeremy H. Lofton, SRA) have completed the continuing education program for Designated Members of the Appraisal Institute.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
3/2007
Client File No. Page # 18
A728Certifications819 Triple Creek Rd Mount Croghan SC 29727
Mr. Lawrence H. Molnar 7340 Hunter Branch Dr, Atlanta, GA 30328
JEREMY H LOFTON P.O. BOX 1026, 214 MARKET STREET, CHERAW, SC 29520
APPRAISER'S CERTIFICATIONI certify that, to the best of my knowledge and belief:- The statements of fact contained in this report are true and correct.- The credibility of this report, for the stated use by the stated user(s), of the reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.- I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved.- Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.- I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment.- My engagement in this assignment was not contingent upon developing or reporting predetermined results.- My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.- My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared.- I did not base, either partially or completely, my analysis and/or the opinion of value in the appraisal report on the race, color, religion, sex, 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.- Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report.- Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification.
Additional Certifications:
Mr. Lawrence H. Molnar
7340 Hunter Branch Dr, Atlanta, GA 30328
JEREMY H LOFTON
J B Lofton Realty & Appraisals
(843) 537-2898
01/24/2017
2914 SC
SRA
06/30/2018
01/16/2017
01/24/2017
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
SIG
NA
TU
RE
S
Client Contact: Client Name:
E-Mail: Address:
APPRAISER
Appraiser Name:
Company:
Phone: Fax:
E-Mail:
Date Report Signed:
License or Certification #: State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None
Date of Inspection:
SUPERVISORY APPRAISER (if required)
or CO-APPRAISER (if applicable)
Supervisory orCo-Appraiser Name:
Company:
Phone: Fax:
E-Mail:
Date Report Signed:
License or Certification #: State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None
Date of Inspection:Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
3/2007
Client File No. Page # 19
SUBJECT - Partial Plat
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 20
SUBJECT - Partial Plat
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 21
SUBJECT - Partial Plat
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 22
SUBJECT - FEMA FLOOD MAP (1)
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 23
SUBJECT - FEMA FLOOD MAP (2)
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 24
SUBJECT - USDA SOIL MAP - Page 1
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 25
SUBJECT - USDA SOIL MAP - Page 2
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 26
SUBJECT - USDA SOIL MAP - Page 3
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 27
SUBJECT - USDA SOIL MAP - Page 4
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 28
Form LPICPIX.DSS_LTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Subject Photo Page
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Subject Front
Sales Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
819 Triple Creek Rd
1,980
8
3
2
Rural/average
resid. & woodlands
76.92+/- Acres
1.5sty siding/good
A35/ E(20)
Subject Rear
Subject Street
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 29
Form LPICPIX.DSA_LTC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
FRONT AND SIDE VIEW
ALTERNATE SIDE VIEW
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 30
Form LPIC3X5.DMA_LTC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
KITCHEN
1ST FLOOR BATHROOM
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 31
Form LPIC3X5.DMA_LTC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
LIVING ROOM
1ST FLOOR BEDROOM
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 32
Form LPIC3X5.DMA_LTC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
2ND FLOOR BATHROOM
2ND FLOOR BEDROOM
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 33
Form LPIC3X5.DMA_LTC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
SMALL CABIN
Alternate View of Cabin and Shelter
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 34
Form LPIC3X5.DMA_LTC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Interior View of Cabin
Interior View of Cabin
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 35
Form LPIC3X5.DMA_LTC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
View of Pond
View of Shelter and Pond
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 36
Form LPIC3X5.DMA_LTC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
View of Pond and Improvements
Interior Road
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 37
Form LPIC3X5.DMA_LTC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Woodlands
Interior Road
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 38
Form LPIC3X5.DMA_LTC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Woodlands
Woodlands
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 39
Form MAP_LT.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comparable Sales Map
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 40
Form MAP_LT.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comparable Sales 1 & 5
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 41
Form MAP_LT.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comparable Sales 2 & 6
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 42
Form MAP_LT.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comparable Sales 3
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 43
Form MAP_LT.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comparable Sales 4
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 44
Form LPICPIX.DS%_LTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comparable Photo Page
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Comparable 1
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
674 Triple Creek Rd
0.05 miles E
240,000
1,937
6
3
2.5
Rural/average
resid.&woodlands
19.97 ac
1.5sty brick/sup.
A23/ E(10)
Comparable 2
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
2120 Macedonia Angelus Rd
11.55 miles S
287,900
2,444
8
4
3.0
Rural/average
resid.&woodlands
37 ac
1.5sty brick/sup.
A6/ E(4)
Comparable 3
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
6227 Angelus Rd
6.90 miles SE
250,000
1,825
6
3
2.0
Rural/average
resid. &woodlands
15.33 ac
1sty siding/good
A16/ E(9)
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 45
SALE 1 - AERIAL MAP
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 46
SALE 2 - AERIAL MAP
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 47
SALE 3 - AERIAL MAP
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 48
Form LPICPIX.DS%_LTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comparable Photo Page
Deborah J. Iseman c/o Lawrence H. Molnar
819 Triple Creek Rd
Mount Croghan Chesterfield SC 29727
Mr. Lawrence H. Molnar
Comparable 4
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
3054 Zeb Deese Rd
18.46 miles W
350,000
2,891
7
3
2.0
Rural/superior
resid. &woodlands
21.00 ac
1.5sty siding/good
A15/ E(7)
Comparable 5
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
91 Rockhouse Rd
2.19 miles E
244,000
2,013
7
2
2
Rural/average
resid. & woodlands
31.49 ac
1sty stone/inferior
A77/ E(28)
Comparable 6
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
4243 Steen Rd
6.96 miles S
254,485
1,767
6
2
2
Rural/average
resid. &woodlands
67.00 acres
1sty siding/good
A28/ E(14)
Owner
Client
Property Address
City County State Zip Code
Client File No. Page # 49
SALE 4 - AERIAL MAP
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 50
SALE 5 - AERIAL MAP
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 51
SALE 6 - AERIAL MAP
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 52
APPRAISERS RESUME - Page 1
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 53
APPRAISERS RESUME - Page 2
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 54
APPRAISERS RESUME - Page 1
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client File No. Page # 55
APPRAISERS RESUME - Page 2
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE