Real Estate Appraisal Report
This report contains the results of a real estate appraisal of the property at 123 Main Street, Anytown, USA. The appraisal was commissioned by Thomas Doe of Doe Realty and Resources LLC, on April 01, 2020.
Location
The subject property is located in Anytown, USA, on 123 Main Street. The property is 1.2 acres of land on the corner of Commercial Street and Main Street. It is situated in a residential neighborhood with largely single-family homes, with one commercial building located on the south side of the block.
Property Description
The subject property is a 1.2-acre lot on the corner of Main Street and Commercial Avenue. The majority of the lot is vacant, but there is a small retail building on the south side of the lot. The building was constructed in 1940 and has a modern roof and HVAC system. The building has a total of 1,400 square feet of useable space.
Physical Condition
The subject property is in good physical condition, with no major deferred maintenance or visible damage. The building on the property is in good condition, with a modern roof and HVAC system. The grounds of the property are well-maintained, and the landscape is landscaped with mature trees and shrubs.
Market Data
A market analysis of the subject property reveals that similar properties have sold for an average of $500,000 in the past 12 months. The market trend appears to be increasing in value, with new construction increasing the values of older homes in the area.
Conclusion
Based on the information provided in this report, it is our opinion that the current market value of 123 Main Street, Anytown, USA, is $550,000. This estimate is based on recent sales of similar properties in the area, current market trends, and an evaluation of the physical condition of the property.