Residential Broker Price Opinion (BPO) This BPO is the
Initial
2nd Opinion
Updated
DATE 06-23-15
Exterior Only
Date Format (00/00/00)
ASSET NUMBER:
SALES REPRESENTATIVE:
PROPERTY ADDRESS:
DOE MILL ROAD (80 acres) APN 063-010-061-000
CLIENT NAME:
FOREST RANCH
COMPLETED BY:
CA
95942
FIRM NAME:
FAX NO.
PHONE NO.
EMAIL
PARCEL NO.
I.
063-010-061
GENERAL MARKET CONDITIONS Current market condition:
Depressed
■
Slow
Stable
Employment conditions:
Declining
■
Stable
Increasing
Market price of this type property has:
Decreased
%
in past
months
Increased
%
in past
months
Estimated percentages of owner vs. tenants in neighborhood: Normal supply
II.
Excellent
Remained stable
■
There is a
Improving
% owner occupant
95
oversupply
■
shortage of comparable listings in the neighborhood
Approximate number of comparable units for sale in neighborhood:
0
No. of competing listings in neighborhood that are REO or Corporate owned:
0
No. of boarded or blocked-up homes:
0
Location Description:
Suburban
New Construction: Incentives Offered:
% tenant
Urban
Yes
■
No
Yes
■
No
■
Rural
SUBJECT MARKETABILITY Range of values in the neighborhood is $ The subject is an
to $
over improvement
under improvement
■
Normal marketing time in the area is:
30 days
Appropriate improvement for the neighborhood.
60 days Yes
Are all types of financing available for the property? Has the property been on the market in the last 12 months?
■
90 days ■
Yes
120 days
150 days
■
No
If no, explain
No
If yes, How Long?
92 DAYS
If yes, $
list price (include MLS printout)
180 days
VACANT LAND
To the best of your knowledge, why did it not sell? Unit Type:
single family detached
condo
co-op
single family attached
townhouse
modular
monthly
If condo or other association exists: Fee $
The fee includes: Association Contact:
Yes1o
Pool
monthly
annually
Current?
Yes
No
Name:
Management Company:
monthly
annually
Current?
Yes
Name:
Agent believes subject property is Subject property has basement?
Average
No
Fee delinquent? $
Phone No.: ■
Vacant
Occupied
Favorable Yes
Neutral
■
Unfavorable
No
If subject property is Mobile Home,is it Attached to foundation? ■
Fee delinquent? $
Phone No.:
Agent believes subject property is
Good
Fee delinquent? $
Other
Tennis
Phone No.:
If Management Company exists: Fee $
Owner Pride
land only
Name:
If HOA exists: Fee $
HOA Contact:
annually&urrent?
Landscape
Insurance
mobile home ■
Yes
No
Yes
No
Below Average
Does Agent feel there would be a resale problem?
■
Agent resale comments: LIMITED DEMAND FOR PURCHASE IN THE AREA. THE POPULATION OF FOREST RANCH IS LESS THAN 1000. THERE IS ONE CONVENIENCE STORE, A FIRE STATION, A POST OFFICE AND AN ELEMENTARY SCHOOL. ALL OTHER AMENITIES ARE LOCATED OVER 20 MILES AWAY. A LARGE PARCEL LIKE THIS HAS LIMITED VALUE AS THERE IS NO MARKET TO SUBDIVIDE AND DEVELOP IT, AND DUE TO ELEVATION AND WEATHER CONDITIONS, IT IS NOT CONDUCIVE TO OTHER INCOME PRODUCING AVENUES LIKE LIVE STOCK AND CULTIVATION.
Page 1 of 4
III. COMPETITIVE CLOSED SALES ITEM
SUBJECT
COMPARABLE NUMBER 1
COMPARABLE NUMBER 2
COMPARABLE NUMBER 3
Address DOE MILL ROAD (80 acres) APN 063-010-061-000
City
0 NAMECO
FOREST RANCH
State
CA
Postal Code On Original BPO
95942
Basement Prox. to Subject (miles) List Price Sale Price
Yes
■
No
Yes
■
No
Yes
■
No
Yes
■
No
Yes
■
No
Yes
■
No
* Proximity
$ $ $
Data Source
TAX
MLS/TAX
Sale Date Days on Market
93
6
VALUE ADJUSTMENTS
DESCRIPTION
DESCRIPTION
Sq.Ft.
$
$
Sq.Ft.
MLS/TAX
NONE-SEE OFER NOTES
No
Sq.Ft.
MLS/TAX
DESCRIPTION
+(-) Adjustment
No ■
$ $
$
.03 Sq.Ft.
Yes
* Proximity
$ $
Price/Gross Living Area
Sales or Financing Concessions Leasehold/Fee Simple
* Proximity
$ $
Yes
■
DESCRIPTION
+(-) Adjustment
+(-) Adjustment
NONE-DOM-SEE OFFER NOTES
NONE-DOM
FS
FS
0 FS
0 FS
0
Site Design and Appeal
RURAL
RURAL
0 RURAL
0 RURAL
0
LAND
LAND
0 LAND
0 LAND
0
Quality of Construction
NA
NA
0 NA
0 NA
0
Age
0
0
0 0
0 0
0
Condition
NA
Above Grade Room Count Gross Living Area
Total
Bdms
0
0
0 NA
NA Baths
Total
0
Bdms
Baths
0
0
0
0 Sq.Ft.
0
0
0 Sq.Ft.
Lot Size Basement & Finished Rooms Below Grade
0 NA
Total
Bdms
0
0
Baths
0
Total
0
0
0 Sq.Ft.
0
Bdms
0
Baths
0
0
0 Sq.Ft.
0 0 0
NA
NA
0
NA
0 NA
0
Functional Utility
NA
NA
0
NA
0 NA
0
Heating/Cooling
NA
NA
0
NA
0 NA
0
Energy Efficient Items
NA
NA
0
NA
0 NA
0
Garage/Carport
0
0
0
0
0 0
0
Porches, Patio, Deck Fireplace(s), etc.
NA
NA
Fence, Pool, etc.
NA
Location ■
View
Good
Avg
Fair
Poor
Poor
0
NA
■
Good
Avg
Fair
Poor
Poor
Fair
Avg
■
Good
Poor
Fair
Good
Avg
Poor
Fair
Avg
Good
Fair
Poor
Good
Fair Good Fair
Overall Rating Compared
Avg
Fair
0 NA
Avg
■
Int Condition’s Appeal
Good
0
0
Good
Avg
Ext Condition’s Appeal
■
NA 0
■
Good
Floor Plan Utility
Other
NA
■
Lot Characteristics
NA 0
■
Good
Avg
Fair
Poor
Good
Avg
Poor
■
Fair
Poor
Avg
■
Good
Avg
Poor
Fair
Poor
Good
Avg
Good
Avg
Poor
Fair
Poor
Fair
Poor
Avg
Good
Avg
Good
Avg
Fair
Poor
Fair
Poor
Fair
Poor
Avg
Good
Avg
Good
Avg
Good
Avg
Fair
Poor
Fair
Poor
Fair
Poor
Fair
Poor
Good
Avg
Good
Avg
Good
Avg
Good
Avg
Fair
Poor
Fair
Poor
Fair
Poor
Fair
Poor
Good
Avg
Poor
■
Fair
Avg
■
Good
Poor
Fair
Good
Avg
Fair Good
NO UTILITIES
NO UTILITIES
0
POWER/CREEK
■
NATURAL WATER
Net Adj. (total) Adjusted Sales Price of Comparable Sale # 1 Inspected?
■
Yes
Sale # 2 Inspected?
Yes
Sale # 3 Inspected?
Yes
■
No
Comments:
BUYERS OWNED THE 3 PARCELS SURRONDING THIS PARCEL. ADMITEDLY OVER PAID
No
Comments:
POWER AND NATURAL WATER ON SITE
No
Comments:
NATURAL WATER ON SITE. MULTIPLE OFFERS. SEE NOTES.
IV. MARKETING STRATEGY ■
As-is
Minimal Lender Required Repairs
* Most Likely Buyer:
1st Time Buyer
Repaired
Move Up Buyer
Page 2 of 4
Investor
Seller Assisted
V. REPAIRS Itemize ALL repairs needed to bring property from its present “as is” condition to average marketable condition for the neighborhood. Check those repairs you recommend that we perform for most successful marketing of the property.
* Insurable Damage?
Y
N
■
Item
Estimated Cost
Item
Estimated Cost
$ $ $ $ $
$ $ $ $ $
GRAND TOTAL FOR ALL REPAIRS $
0
Estimated days to complete all repairs
VI. COMPETITIVE LISTINGS ITEM
SUBJECT
COMPARABLE NUMBER 1
COMPARABLE NUMBER 2
COMPARABLE NUMBER 3
Address DOE MILL ROAD (80 acres) APN 063-010-061-000 0 DOE MILL RD
0
0
City
FOREST RANCH
FOREST RANCH
FOREST RANCH
FOREST RANCH
State
CA
CA
CA
CA
Postal Code
95942
95942
95942
95942
Original List Price Days since last reduction
0
On Original BPO
Yes
■
No
Basement
Yes
■
No
Prox. to Subject (miles) List Price List Date
$
Price/Gross Living Area
$
Data and/or Verification Sources
TAX
VALUE ADJUSTMENTS
Yes
■
No
Yes
* Proximity
■
Yes
■
No
* Proximity
.
$ Sq.Ft.
$
No
Yes
■
No
No
Yes
■
No
* Proximity $
$
Sq.Ft.
$
Sq.Ft.
MLS/TAX
DESCRIPTION
Sales or Financing Concessions
■
$
MLS/TAX
DESCRIPTION
Yes
MLS/TAX
DESCRIPTION
+(-) Adjustment
DESCRIPTION
+(-) Adjustment
NONE
NONE
Sq.Ft.
+(-) Adjustment
NONE 0
0
Days on Market
0
0 19
0
0 FS 0 RURAL
0
Leasehold/Fee Simple
FS
Site Design and Appeal
RURAL
FS RURAL
0 FS 0 RURAL
LAND
LAND
0 LAND
0 LAND
0
Quality of Construction
NA
NA
0 NA
0 NA
0
Age
0
0
0 0
0 0
0
Condition
NA
NA
0 NA
0 NA
Above Grade Room Count Gross Living Area
Total
Bdms
0
0
Lot Size Basement & Finished Rooms Below Grade
Baths
Total
0
Bdms
Baths
0
0
0
0 Sq.Ft.
0
0
0 Sq.Ft.
Total
Bdms
0
0
Baths
0
Total
0
0
0 Sq.Ft.
0
0
Bdms
0
0
Baths
0
0
0 Sq.Ft.
0
NA
NA
0 NA
0 NA
Functional Utility
NA
NA
0 NA
0 NA
0
Heating/Cooling
NA
NA
0 NA
0 NA
0
Energy Efficient Items
NA
NA
0 NA
0 NA
0
Garage/Carport
0
0
0 0
0 0
0
NA
NA
Porches, Patio, Deck Fireplace(s), etc. Fence, Pool, etc.
Ext Condition’s Appeal Int Condition’s Appeal Overall Rating Compared Other
0
0 NA
0 NA
0
Avg
Good
Poor
Fair
Good
Avg
Good
Avg
■
Fair
Poor
■
Fair
Poor
■
Good
Avg
■
Good
Avg
Fair
Poor
Fair
Poor
Good
Avg
Good
Avg
Poor
Fair
Poor
Fair
Poor
Avg
Good
Avg
Good
Avg
Poor
Fair
Poor
Fair
Poor
Good
Avg
Good
Avg
Poor
Fair
Poor
Fair
Poor
Avg
Good
Avg
Good
Avg
Poor
Fair
Poor
Fair
Poor
Good
Fair
Poor
Fair
Poor
Good
Avg
Good
Avg
■
Fair
Poor
■
Fair
Poor
■
Good
Avg
■
Good
Avg
Fair
Poor
Fair
Poor
Good
Avg
Good
Avg
Fair
Poor
Fair
Good
Avg
Good
Fair
Poor
Fair
Good
Avg
Good
Avg
Fair
Poor
Fair
Good
Avg
Good
Fair
Poor
Fair
NO UTILITIES
0
Fair
Avg
Lot Characteristics
NA
0
Good
Good ■
Floor Plan Utility
NA
NA
Location
View
NA
0
Avg
■
■
POWER
-
NO UTILITIES
Net Adj. (total)
Avg ■
Poor
0 SEE NOTES -
Adjusted Sales Price of Comparable Listing # 1 Inspected?
Yes
■
No
Comments:
SMALLER. SAME STREET. POWER ON SITE
Listing # 2 Inspected?
Yes
■
No
Comments:
ONLY PENDING LAND COMP IN THE AREA. 3 PARCELS. $49K PER 112 ACRES
Listing # 3 Inspected?
Yes
No
Comments:
LOT CLEARED, DRIVEWAY, BUILDING PAD AND POWER IN PLACE
Page 3 of 4
0
VII. THE MARKET VALUE
60-90 Day Value AS IS REPAIRED
* $
Suggested List Price 75000
$
$ $
VII. NARRATIVE Condition of property:
.
Refurbish vs. As is Analysis: NA
Recommended Inspections and why: NA
Identify any positive or negative location influences:
Property summary - include postive/negative influences that would impact the sale: