Embed Size (px)
Citation preview
Main File No.
APPRAISAL OF REAL PROPERTY
295 River Rd # 3
Lakeview, AR 72642
Charles Newland
281 River Road
Lakeview, AR 72642
09/13/2018
Brook Mahan
Mahan Real Estate Appraisal, Inc.
320 South College Street
Mountain Home, AR 72653
(870) 425-3121
Form GA1NV - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
LOCATED AT
FOR
AS OF
BY
Main File No.
Charles Newland
295 River Rd # 3
Lakeview Baxter AR 72642
Brook Mahan
Cover Page ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GP Residential ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
General Text Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Statement of Limiting Conditions ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Certifications & Limiting Conditions - Residential ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
USPAP Identification Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Subject Photos ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Comparable Photos 1-3 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Building Sketch ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Photograph Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Location Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Flood Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Qualifications of the Appraiser ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
QUALIFICATIONS OF THE APPRAISER ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
1
2
5
6
8
10
11
12
13
14
15
16
17
18
19
Form TOCNP - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client
Appraiser
File No.Property Address
City County State Zip Code
TABLE OF CONTENTS
Main File No. Mahan Real Estate Appraisal (870)425-3121
RESIDENTIAL APPRAISAL REPORT295 River Rd # 3 Lakeview AR 72642
Baxter
002-0937-010
2018 1,572 0
Newland Trust
N/A 0
River Road 34260 9508.00
The intended use of this appraisal is for marketing purposes for Charles Newland.
The intended user of this report is Charles Newland.
Charles Newland 281 River Road, Lakeview, AR 72642
Brook Mahan 320 South College Street, Mountain Home, AR 72653
98
2 35
500
150
5
50
35
89
1
0
10
See attached addenda.
Irregular Shaped 25,265 sf
No Zoning No Zoning; therefore the improvements could
be rebuilt if destroyed.
Rental Cabin Single Family Residence
The subject is located in a platted subdivision and surrounded by other single family residences.
NAEC
None
Midway-Lakeview
Septic System
Open Ditches
Gravel - Easement
None
None
None
None
Basically Level
Typical to Small for Area
Irregular Shape
Appears Adequate
Residential
X500 05005C0125E 12/03/2010
The subject site is an irregular-shaped tract of land located a very short distance south of River Road. The tract is very close
to the banks of the White River but does not have frontage along the river. The tract is basically level and considered 100% useable. There
are no adverse conditions noted or anticipated.
1
1
Cabin
31
Eff 15 years
Concrete Block
Wood
Asphalt Shingles
Yes
Aluminum
Screen
Yes
No
None
N/A
N/A
None Apparen
None Apparen
Yes
Central
Electric
Yes
Yes
Ceramic Tile
Drywall/Wood
Wood
Ceramic Tile
Ceramic Tile
Wood
1
None
None
244sf
None
None
0
N/A
N/A
N/A
N/A
N/A
N/A
7 4 2 1,512
See attached addenda.
The actual age of the house is 31 years. The house appears
to have had above average care. Additionally, the ceramic tile was replaced in 2014 and the roof was resurfaced in 2006. An effective age
of 15 years should be considered accurate.
Form GPRES2 - "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 HousingPRICE$(000)
Low
High
Pred
AGE(yrs)
Present Land UseOne-Unit %
2-4 Unit %
Multi-Unit %
Comm'l %
%
Change in Land UseNot 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:
DE
SC
RIP
TIO
N O
F T
HE
IM
PR
OV
EM
EN
TS
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
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):
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
Main File No.
RESIDENTIAL APPRAISAL REPORT
County Records
The present owners of the subject
property have owned the subject for more than 40 years. The exact date of acquiring the property was
not readily accessible.
295 River Rd # 3
Lakeview, AR 72642
Appraiser
Inspection
Cash to Seller
09/13/2018
Fee Simple
River Road
25,265 sf
Residential
Cabin
Average/Wood
Eff 15 years
Average
7 4 2
1,512
N/A
Typical
C-Ht&Ac Elec
Paddle Fans
None
Covered Porch
Appliances Ro/Fh
Appliances None
Fireplace One
230 County Road 276
Lakeview, AR 72642
0.27 miles NE
165,000
100.36
MLS # 113546
County Records
VA
05/21/2018
Fee Simple
River Road
19,602 sf
Residential
Ranch
Average/Wood
Eff 15 years
Average
6 3 2.5 -500
1,644 -3,500
N/A
Typical
C-Ht&Ac Elec
Paddle Fans
3-Car Garage -25,000
CovPrch/WdDk -2,000
Ro/Fh/Mwave
Dishwasher -300
One
-31,300
Net 19.0 %
Gross 19.0 % 133,700
1180 Cane Island Rd
Flippin, AR 72634
1.61 miles E
164,900
105.37
MLS # 108860
County Records
Conventional
10/12/2017
Fee Simple
Cane Island
22,216 sf
Residential
Cabin
Avg/StoneCedar
2 years -19,000
Average
6 3 2.5 -500
1,565 -1,500
N/A
Typical
C-Ht&Ac Elec
Paddle Fans
None
CovPrch/Patio -1,000
Ro/Fh
Dishwasher -300
None +2,000
-20,300
Net 12.3 %
Gross 14.7 % 144,600
750 Cane Island Rd
Flippin, AR 72634
2.03 miles E
159,900
102.96
MLS # 111236
County Records
Conventional
11/6/2017
Fee Simple
Cane Island
1.52 ac -10,000
Residential
Cabin
Avg/ConcreteFiber
2 years -17,000
Average
6 3 2
1,553 -1,000
N/A
Typical
C-Ht&Ac Elec
Paddle Fans
None
CovPrch/Patio -1,000
Ro/Fh
Dishwasher -300
One
-29,300
Net 18.3 %
Gross 18.3 % 130,600
In searching for comparables it was considered most important to find and use sales of houses located
just off the White River with some influence from the river. An extensive market search was conducted with the three sales shown above
closely matching these criteria. All three sales are very similar to the subject with Sale 1 located in the subject neighborhood and Sales 2
and 3 located across the river. Sale 1 has more bathroom fixtures than the subject and the subject is smaller than all three comparables.
The square footage adjustment is $25 per square foot.
Additionally, the subject is effectively older than all three comparables. This adjustment was developed by removing the vacant land value
from each comparable and then adjusting by 1% per year of age difference.
Sale 1 has a large detached garage that is superior to the lack of a garage for the subject. Some consideration will be given to all three
comparables.
135,000
Form GPRES2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.:
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:
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 $ $ $
Summary of Sales Comparison Approach
Indicated Value by Sales Comparison Approach $Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited.
3/2007
Main File No.
RESIDENTIAL APPRAISAL REPORT
135,000
See attached addenda.
135,000 09/13/2018
20
Scope of Work Limiting Cond./Certifications Narrative Addendum Photograph Addenda Sketch Addendum
Map Addenda Additional Sales Cost Addendum Flood Addendum Manuf. House AddendumHypothetical Conditions Extraordinary Assumptions
Charles Newland
281 River Road, Lakeview, AR 72642
Brook Mahan
Mahan Real Estate Appraisal, Inc.
(870) 425-3121
09/27/2018
CR2643 AR
SRA
06/30/2019
09/13/2018
Rick Mahan
Mahan Real Estate Appraisal, Inc.
(870) 425-3121
09/27/2018
CG 0307 AR
06/30/2019
09/13/2018
Form GPRES2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.:
CO
ST
AP
PR
OA
CH
COST APPROACH TO VALUE (if developed) The Cost Approach was not developed for this appraisal.
Provide adequate information for replication of the following cost figures and calculations.
Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value):
ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW
Source of cost data:
Quality rating from cost service: Effective date of cost data:
OPINION OF SITE VALUE =$
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): Years
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 beencompleted, subject to the following repairs or alterations on the basis of a Hypothetical Condition that the repairs or alterations have been completed, subject tothe 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.
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:
SIG
NA
TU
RE
S
Client Contact: Client Name:
E-Mail: Address:
APPRAISER
Appraiser Name:
Company:
Phone: Fax:
E-Mail:
Date of Report (Signature):
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 of Report (Signature):
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
• GP Residential: Market Area Description - Boundaries, Description, ConditionsThe subject neighborhood is considered to be along River Road from its intersection with State Highway 178 to its end atGaston's Resort. The land in the subject neighborhood is desirable for both single family residences as well as for commercialpurposes. The neighborhood lays along the banks of White River. Many of the single family residences have frontage on bothRiver Road and the river. River frontage property is very desirable in this area because the location is a short distancedownstream from Bull Shoals Dam which greatly lessens the possibility of flooding. In addition, public water is accessiblerunning along the blacktop county road. For those who enjoy lake activities, access to Bull Shoals Lake is only a couple ofmiles from the neighborhood. Electricity is served to the neighborhood from North Arkansas Electric Cooperative; telephone isserved from CenturyTel; water is provided from Midway - Lakeview Water Association. The single family residences with riverfrontage are very desirable properties. The residences which are a short distance off the river are also desirable, though not asdesirable as those with river frontage. Overall, the conditions are considered good with typical marketing time being six monthsor less.
• GP Residential: Description of the Improvements - Additional FeaturesThe subject is a wood frame plywood exterior structure. The asphalt shingle roof has wood soffit and fascia as well as someguttering. Along the front of the house there is a large covered wood porch. The interior has drywall walls and ceilings andceramic tile floors. There are several ceiling fans and a wood burning fireplace with insert for added energy efficiency.
• GP Residential: Reconciliation - Final ReconciliationDue to the difficulty of estimating the physical depreciation and oftentimes the functional obsolescence in an older structure, theCost Approach will result in an indicated value that will be misleading. Consequently, considering that the subject structure hasan effective age of 15 years, the Cost Approach was not developed in this assignment.
Also, single family residences like the subject are not typically bought and sold based on the ability to generate rental income. Consequently, the Income Approach was not developed. Please note: it is understood that the subject structure is now beingused for rental income-producing purposes as a part of the Newland's Lodge, a business that offers nightly and weekly lodgingto vacationers. However, this is not a typical single family rental property.
The only approach to value developed in this assignment is the Sales Comparison Approach. In this approach, an extensivemarket search was conducted to find and use sales of single family residences located in a similar area to that of the subjectand that sold within a two year period prior to the effective date of value. The three shown in the sales grid represent the mostsimilar that have occurred within that time period. After necessary adjustments, the resulting indicated market value as ofSeptember 13, 2018 was $135,000.
Main File No.
Supplemental Addendum
Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Charles Newland
295 River Rd # 3
Lakeview Baxter AR 72642
Brook Mahan
Client
Appraiser
Property Address
City County State Zip Code
File No.
Main File No.
Form ACR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODEMahan Real Estate Appraisal (870)425-3121
DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions
requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this
definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are
typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed
for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price
represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with
the sale.
* Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary
for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable
since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the
comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the
property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession
but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the
appraiser's judgement.
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following
conditions:
1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. 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.
2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist
the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted
in 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.
4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do
so have been made beforehand.
5. 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.
6. The appraiser has noted in the appraisal report any adverse conditions (such as, 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 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.
7. 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.
8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice.
9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or
alterations on the assumption that completion of the improvements will be performed in a workmanlike manner.
10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report
(including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal
organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage
insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality
of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data
collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also
be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media.
Freddie Mac Form 439 6-93 Fannie Mae Form 1004B 6-93Page 1 of 2
Main File No.
Form ACR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
295 River Rd # 3, Lakeview, AR 72642
Brook Mahan
09/27/2018
CR2643
AR
06/30/2019
Rick Mahan
09/27/2018
CG 0307
AR
06/30/2019
APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:
1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property
for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant
variation. If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce
the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made
a positive adjustment to increase the adjusted sales price of the comparable.
2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not
knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the
appraisal report are true and correct.
3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent
and limiting conditions specified in this form.
4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with
respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market 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.
5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this
appraisal is contingent on the appraised value of the property.
6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate,
the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I
did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan.
7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal
Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those
Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value
and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the
reconciliation section.
8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report.
I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate
vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that
I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property.
9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional
assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and
disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform
the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take
no responsibility for it.
SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that:
I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser,
agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED:
APPRAISER: SUPERVISORY APPRAISER (only if required):
Signature: Signature:
Name: Name:
Date Signed: Date Signed:
State Certification #: State Certification #:
or State License #: or State License #:
State: State:
Expiration Date of Certification or License: Expiration Date of Certification or License:
Did Did Not Inspect Property
Freddie Mac Form 439 6-93 Fannie Mae Form 1004B 6-93Page 2 of 2
Main File No.
Charles Newland
295 River Rd # 3, Lakeview, AR 72642
Form AI9004 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client: Client File #:
Subject Property: Appraisal File #:
STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS
This appraisal is subject to the following assumptions and limiting conditions:
This report is prepared using forms developed and copyrighted by the Appraisal Institute. However, the content, analyses, and opinions set
forth in this report are the sole product of the appraiser. The Appraisal Institute is not liable for any of the content, analyses, or opinions set
forth herein.
No responsibility is assumed for matters legal in character or nature. No opinion is rendered as to title, which is assumed to be good and
marketable. All existing liens, encumbrances, and assessments have been disregarded, unless otherwise noted, and the property is
appraised as though free and clear, having responsible ownership and competent management.
I have examined the property described herein exclusively for the purposes of identification and description of the real property. The objective
of our data collection is to develop an opinion of the highest and best use of the subject property and make meaningful comparisons in the
valuation of the property. The appraiser's observations and reporting of the subject improvements are for the appraisal process and valuation
purposes only and should not be considered as a warranty of any component of the property. This appraisal assumes (unless otherwise
specifically stated) that the subject is structurally sound and all components are in working condition.
I will not be required to give testimony or appear in court because of having made an appraisal of the property in question, unless specific
arrangements to do so have been made in advance, or as otherwise required by law.
I have noted in this appraisal report any significant adverse conditions (such as needed repairs, depreciation, the presence of hazardous
wastes, toxic substances, etc.) discovered during the data collection process in performing the appraisal. Unless otherwise stated in this
appraisal report, I have no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but
not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.)
that would make the property less valuable, and have assumed that there are no such conditions and make no guarantees or warranties,
express or implied. I 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 I am not an expert in the field of environmental hazards, this appraisal report must not be
considered as an environmental assessment of the property. I obtained the information, estimates, and opinions furnished by other parties
and expressed in this appraisal report from reliable public and/or private sources that I believe to be true and correct.
I will not disclose the contents of this appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice,
and/or applicable federal, state or local laws.
The Client is the party or parties who engage an appraiser (by employment contract) in a specific assignment. A party receiving a copy of this
report from the client does not, as a consequence, become a party to the appraiser-client relationship. Any person who receives a copy of
this appraisal report as a consequence of disclosure requirements that apply to an appraiser's client, does not become an intended user of
this report unless the client specifically identified them 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 other
media.
If this valuation conclusion is subject to satisfactory completion, repairs, or alterations, it is assumed that the improvements will be
completed competently and without significant deviation.
VALUE DEFINITION
Market Value Definition (below) Alternate Value Definition (attached)
MARKET VALUE is defined as the most probable price which a property should bring in a competitive and open market under all conditionsrequisite 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 conditionswhereby:
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.
Source: The Dictionary of Real Estate Appraisal, 5th ed., Appraisal Institute
* NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser mayneed to provide additional data, analysis and work product not called for in this form. The Appraisal Institute plays no role in completing the form and disclaims any responsibility forthe data, analysis or any other work product provided by the individual appraiser(s).AI Reports® AI-900.04 Certification, Assumptions and Limiting Conditions © Appraisal Institute 2013, All Rights Reserved January 2013
Main File No.
Charles Newland
295 River Rd # 3, Lakeview, AR 72642
I am a Designated Member of the Appraisal Institute.
As of the date of this report, I have completed the continuing
education program of the Appraisal Institute.
Brook Mahan
09/27/2018
CR2643 AR
06/30/2019
I am not a Member, Candidate or Practicing Affiliate of the
Appraisal Institute.
Rick Mahan
09/27/2018
CG 0307 AR
06/30/2019
Form AI9004 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Client: Client File #:
Subject Property: Appraisal File #:
APPRAISER CERTIFICATION
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 analysis, opinions, and conclusions are limited only by the report assumptions and limiting conditions, and are my personal,
unbiased professional analysis, opinions, and conclusions.
I have no present (unless specified below) or prospective interest in the property that is the subject of this report, and I have no (unless
specified below) personal interest with respect to the parties involved.
I have no bias with respect to any 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 the 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 analysis, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of
Professional Appraisal Practice.
Individuals who have provided significant real property appraisal assistance are named below. The specific tasks performed by those named
are outlined in the Scope of Work section of this report.
None Name(s)
As previously identified in the Scope of Work section of this report, the signer(s) of this report certify to the inspection of the property that is
the subject of this report as follows:
Property inspected by Appraiser Yes No
Property inspected by Co-Appraiser Yes No
Services provided, 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: None Specify services provided:
ADDITIONAL CERTIFICATION FOR APPRAISAL INSTITUTE MEMBERS, CANDIDATES AND PRACTICING AFFILIATES
Appraisal Institute Designated Member, Candidate for Designation, or Practicing Affiliate Certify:
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 the Standards of Professional Appraisal Practice of the Appraisal Institute, which include the Uniform
Standards of Professional Appraisal Practice.
The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.
APPRAISERS SIGNATURES
APPRAISER:
Signature
Name
Report Date
Trainee Licensed Certified Residential Certified General
License # State
Expiration Date
CO-APPRAISER:
Signature
Name
Report Date
Trainee Licensed Certified Residential Certified General
License # State
Expiration Date
* NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser mayneed to provide additional data, analysis and work product not called for in this form. The Appraisal Institute plays no role in completing the form and disclaims any responsibility forthe data, analysis or any other work product provided by the individual appraiser(s).AI Reports® AI-900.04 Certification, Assumptions and Limiting Conditions © Appraisal Institute 2013, All Rights Reserved January 2013
Main File No.
295 River Rd # 3
Lakeview Baxter AR 72642
Charles Newland
six months.
- 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.
- 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).
Brook Mahan
09/27/2018
CR2643
AR
06/30/2019
09/13/2018
Rick Mahan
09/27/2018
CG 0307
AR
06/30/2019
Form ID14AP - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
USPAP ADDENDUM File No.
Borrower
Property Address
City County State Zip Code
Lender
This report was prepared under the following USPAP reporting option:
Appraisal Report This report was prepared in accordance with USPAP Standards Rule 2-2(a).
Restricted Appraisal Report This report was prepared in accordance with USPAP Standards Rule 2-2(b).
Reasonable Exposure TimeMy opinion of a reasonable exposure time for the subject property at the market value stated in this report is:
Additional CertificationsI certify that, to the best of my knowledge and belief:
I have NOT performed 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 performed services, as an appraiser or in another capacity, regarding the property that is the subject of this report within the three-year
period immediately preceding acceptance of this assignment. Those services are described in the comments below.
Additional Comments
APPRAISER:
Signature:
Name:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Effective Date of Appraisal:
SUPERVISORY APPRAISER: (only if required)
Signature:
Name:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Supervisory Appraiser Inspection of Subject Property:
Did Not Exterior-only from Street Interior and Exterior
Main File No.
Form PICPIX.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Subject Photo Page
Charles Newland
295 River Rd # 3
Lakeview Baxter AR 72642
Brook Mahan
Subject Front
Sales Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
295 River Rd # 3
1,512
7
4
2
River Road
Residential
25,265 sf
Average/Wood
Eff 15 years
Subject Rear
Client
Appraiser
Property Address
City County State Zip Code
Main File No.
Form PICPIX.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comparable Photo Page
Charles Newland
295 River Rd # 3
Lakeview Baxter AR 72642
Brook Mahan
Comparable 1
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
230 County Road 276
0.27 miles NE
165,000
1,644
6
3
2.5
River Road
Residential
19,602 sf
Average/Wood
Eff 15 years
Comparable 2
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
1180 Cane Island Rd
1.61 miles E
164,900
1,565
6
3
2.5
Cane Island
Residential
22,216 sf
Avg/StoneCedar
2 years
Comparable 3
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
750 Cane Island Rd
2.03 miles E
159,900
1,553
6
3
2
Cane Island
Residential
1.52 ac
Avg/ConcreteFiber
2 years
Client
Appraiser
Property Address
City County State Zip Code
Main File No.
Form SKT.BLDSKI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Building Sketch
Charles Newland
295 River Rd # 3
Lakeview Baxter AR 72642
Brook Mahan
Client
Appraiser
First Floor
[1512 Sq ft]
54'
28'
54'
Covered Porch
[224 Sq ft]
8'
28'
8'
Bedroom
Bedroom Bedroom
Bedroom
BathBath
Closet
Family Dining
Kitchen
TOTAL Sketch by a la mode, inc.
Property Address
City County State Zip Code
Main File No.
Form PIC6_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Charles Newland
295 River Rd # 3
Lakeview Baxter AR 72642
Brook Mahan
Client
Appraiser
Property Address
City County State Zip Code
Main File No.
Form PIC6_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Charles Newland
295 River Rd # 3
Lakeview Baxter AR 72642
Brook Mahan
Client
Appraiser
Property Address
City County State Zip Code
Main File No.
Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Location Map
Charles Newland
295 River Rd # 3
Lakeview Baxter AR 72642
Brook Mahan
Client
Appraiser
Property Address
City County State Zip Code
Main File No.
Flood Map
Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Main File No.
Form SUP - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Charles Newland
295 River Rd # 3
Lakeview Baxter AR 72642
Brook Mahan
QUALIFICATIONS OF THE APPRAISER
PROFESSIONAL EXPERIENCE
State Certified Residential Appraisal, December, 2006
Self-employed, full-time Real Estate Appraiser since April, 2004
Designated Member, SRA, Appraisal Institute, October 2017
EDUCATION
B.S.B.A Finance/Real Estate/University of Arkansas/December, 1998
National Uniform Standards of Professional Appraisal Practice/Appraisal Institute/May, 2004
Reappraising, Readdressing, and Reassigning/Appraisal Institute/November, 2004
Business Practices and Ethics/Appraisal Institute/November, 2004
Evaluating Residential Construction/Appraisal Institute/May, 2005
The Professional's Guide to the URAR/Appraisal Institute/June 2005
Forecasting Revenue on Income Producing Properties/Appraisal Institute/May 2007
Subdivision Valuation Methodology/Appraisal Institute/May 2007
National Uniform Standards of Professional Appraisal Practice, Appraisal Institute, April 28, 2008
AI Reports AI-100 Summary Appraisal Report Residential, Appraisal Institute March 31, 2009
The New Residential Market Conditions Report, Appraisal Institute March 31, 2009
General Appraiser Income Approach Part 1, Appraisal Institute, June 2010
Uniform Appraisal Dataset from Fannie Mae and Freddie Mac, Appraisal Institute, August 2011
National Uniform Standards of Professional Appraisal Practice, 7-hour Update, Appraisal Institute, February 7, 2012
Private Appraisal Assignments, McKissock, July 2012
National Uniform Standards of Professional Appraisal Practice, 7-hour Update, Appraisal Institute, March 7, 2014
Basic Appraisal Principles, Appraisal Institute, May 2014
Basic Appraisal Procedures, Appraisal Institute, April 2015
Business Practices and Ethics, Appraisal Institute, September 2015
National Uniform Standards of Professional Appraisal Practice/Appraisal Institute/November 2015
National Uniform Standards of Professional Appraisal Practice, 7-hour Update, Appraisal Institute, February 8, 2016
Real Estate Finance Statistics and Valuation Modeling/Appraisal Institute/March 2016
Residential Market Analysis and Highest & Best Use/Appraisal Institute/July 2017
Advanced Residential Applications & Case Studies/Appraisal Institute/August 2017
Advanced Residential Report Writing/Appraisal Institute/August 2017
General Appraiser Site Valuation and Cost Approach/Appraisal Institute/December 2017
National Uniform Standards of Professional Appraisal Practice, 7-hour Update, Appraisal Institute, February 2018
Quantitative Analysis, Appraisal Institute, May 2018
Client
Appraiser
File No.
Property Address
City County State Zip Code
QUALIFICATIONS OF THE APPRAISERPROFESSIONAL EXPERIENCE
Arkansas State Certified General Appraiser, CG0307Missouri State Certified General Appraiser, RA002537
Self-employed, full-time Real Estate Appraiser since March, 1985Licensed Real Estate Broker with the State of ArkansasReal Estate Salesman, April, 1978 through March, 1985
EDUCATIONResidential Appraisal Seminar, National Association of Realtors, March, 1979
Realtors National Marketing InstituteAdvanced Listing Practices, Course 101/1981Advanced Selling Practices, Course 102/1981
Successful Career Planning Through Organization and Time Management Practices, Course 103/1981Graduate Realtors Institute, Course I, Hot Springs, Arkansas
Real Estate Appraisal Principles/American Institute of Real Estate Appraisers/Dallas, TX/March, 1985Residential Valuation/American Institute of Real Estate Appraisers/St. Louis, MO/March, 1986Cash Equivalency/American Institute of Real Estate Appraisers/St. Louis, MO/August, 1986
Appraisal Report as a Communication Tool/American Institute of Real Estate Appraisers/December, 1986R-41C and the Appraiser/Society of Real Estate Appraisers and the AIREA/March, 1987
Standards of Professional Practice/AIREA/September, 1987Writing a Single Family Residential Demonstration Report/AIREA/ September, 1987
Easement Valuation/International Right-of-Way Association/April, 1989Legal Aspects of Easements/International Right-of-Way Association/April, 1989
Graduate Realtors Institute, 301/Springdale, Arkansas/April, 1990Graduate Realtors Institute, 302/Springdale, Arkansas/April, 1990
Rate Extraction Application/American Institute of Real Estate Appraisers/September, 1990Marshall and Swift Cost Manual Seminar/Independent Fee Appraisers/September, 1990
Capitalization Theory and Techniques Part A/Appraisal Institute/May, 1991Feasibility Analysis of Highest & Best Use, Residential/App Institute/April, 1992
Capitalization Overview, Part A/Appraisal Institute/April, 1992Institutional Regulation of Real Estate Appraisal/National AIFA/October, 1992
FIRREA: Overview and Practical Application/FIRREA Seminars/February, 1994New Uniform Residential Appraisal Report (URAR)/NAIFA/December, 1994Understanding Limited Appraisal, Residential/Appraisal Institute/April, 1995
Understanding Limited Appraisal, General/Appraisal Institute/April, 1995Preparing Rural Appraisal Reports//March, 1995
Fundamental Rural Appraisals/March, 1995Appraiser Accountability & Legal Liabilities Seminar/May, 1995
Standards of Professional Practice, Part A(USPAP)/September, 1995Standards of Professional Practice, Part A(USPAP)/September, 1995
Arkansas Appraisal Licensing Board Continuing Ed Seminar/April, 1996Fannie Mae Appraisal Seminar/October, 1996
Diligence In Disclosure/U of A Cooperative Extension Service/March, 1997Advanced Writing Skills for the Residential Appraiser/April, 1998
Residential Property Construction and Inspection/August 1-2, 1998Are Your Ethics Showing/April 6, 1999
Supporting Sales Comparison Grid Adjustment for Residential Properties/April 29, 1999The Appraisal of Local Retail Properties/April 30, 1999
Eminent Domain and Condemnation Appraising/February 10, 2000Appraisal of Nonconforming Uses/June 2, 2000
Timber and Timberland Fundamentals/September 18-19, 2000A New Beginning "2001" Arkansas Appraiser Licensing & Certification Board/April 17, 2001
Uniform Standards of Professional Appraisal Practice/June 6, 2001Getting It Right The First Time "2002" Arkansas Appraiser Licensing & Certification Board/April 16, 2002
Earning Public Trust Arkansas Appraiser Licensing & Certification Board/April 22, 2003Condemnation Appraising: Basic Principles, Advanced Topics, Applications/Appraisal Institute/Sept.-Oct. 2004
Scope of Work/Appraisal Institute/April 5, 2004National USPAP Update Course/Appraisal Institute/June 2, 2004
Reappraising, Readdressing, Reassigning/Appraisal Institute/November, 2004Business Practices and Ethics/Appraisal Institute/November, 2004
Apartment Appraisal: Concepts and Applications/Appraisal Institute/April 2005Evaluating Residential Construction/Appraisal Institute/May 16, 2005
The Professional's Guide to the Uniform Residential Appraisal Report/Appraisal Institute/June 1, 2005Real Estate Finance, Value, and Investment Performance/Appraisal Institute/September 16, 2005
National Uniform Standards of Professional Appraisal Practice/Appraisal Institute/April, 2006Uniform Appraisal Standards for Federal Land Acquisitions/Appraisal Institute/May 25, 2006
Analyzing Operating Expenses/Appraisal Institute/March 6, 2008Forecasting Revenue/Appraisal Institute/March 7, 2008
National Uniform Standards of Professional Appraisal Practice/Appraisal Institute/April 28, 2008Office Building Valuation: A Contemporary Perspective/Appraisal Institute/May 28, 2008
Supporting Capitalization Rates/Appraisal Institute/May 29, 2008National Uniform Standards of Professional Appraisal Practice, 7-hour Update, Appraisal Institute, August 27, 2009
Appraising Distressed Commercial Real Estate: Here We Go Again, Appraisal Institute, October 7, 2009Uniform Appraisal Standards for Federal Land Acquisitions, Appraisal Institute, November 18 & 19, 2009
Hotel Appraising: New Techniques for Today's Uncertain Times, Appraisal Institute, March 23, 2010Valuation by comparison - Residential Analysis & Logic, Appraisal Institute, March 31, 2010
General Appraiser Income Approach, Part 1, Appraisal Institute, June, 2010Analyzing Tenant Credit Risk & Commercial Lease Analysis, Appraisal Institute, June 3, 2011
The Uniform Appraisal Dataset From Fannie Mae & Freddie Mac, Appraisal Institute, August 29, 2011Business Practices and Ethics, Appraisal Institute, September 20, 2011
National Uniform Standards of Professional Appraisal Practice, 7-Hour Update, Appraisal Institute, February 7, 2012Fundamentals of Separating Real Property, Personal Property and Intangible Business Assets, Appraisal Institute, April 5, 2012
Main File No.
Fundamentals of Separating Real Property, Personal Property and Intangible Business Assets, Appraisal Institute, April 5, 2012
2014-2015 7-Hour National USPAP Update Course, Appraisal Institute, December 13, 2013Uniform Appraisal Standards for Federal Land Acquisitions, Appraisal Institute, March 5 & 6, 2015
Appraising Rural Residential Properties/American Society of Farm Managers and Rural Appraisers/January 14, 20162016-2017 7-Hour National USPAP Update Course/Appraisal Institute/ January 22, 2016
Appraising Ag Facilities: Poultry Seminar/American Society of Farm Managers and Rural Appraisers/July 21, 20167-Hour National Uniform Standards of Professional Appraisal Practice/American Society of Farm Managers and Rural
Appraisers/January 10, 2018
APPROVED BY THE FOLLOWING INSTITUTIONS AS A REAL ESTATE APPRAISERFirst Security Bank/Mountain Home, ArkansasIntegrity First Bank/Mountain Home, Arkansas
Community First National Bank/Mountain Home, ArkansasFirst National Banking Company/Mountain Home, Arkansas
Arvest Bank Mountain Home, Yellville and Bull Shoals, ArkansasCentury Bank/Gainesville, Missouri
Centennial Bank of Arkansas/Mountain Home, ArkansasAnstaff Bank/Mountain Home, Arkansas
West Plains Bank/West Plains, MO & Mountain Home, AR
AFFILIATIONSMember of Northcentral Arkansas and National Board of Realtors
Member of Multiple Listing Service/Mountain Home, Arkansas
Main File No.
![[PPT]The History of the Modern Periodic Table - IB Chem · Web viewJohann Dobereiner John Newlands John Newlands John Newlands Dmitri Mendeleev Lothar Meyer Elements known at this](https://img.dokumen.tips/doc/110x75/5ae13e927f8b9a097a8b63e1/pptthe-history-of-the-modern-periodic-table-ib-viewjohann-dobereiner-john-newlands.jpg)
