Valuation De Bienes Raices

Main File No. 3145 Grant Page #1

Fabio Garcia & Company

28809SN
File # 3145 Grant
The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.
Property Address 2145 Grant St
City Berkeley
State CA
Zip Code 94703
Borrower Erlinda Jimenez
Owner of Public Record ErlindaJimenez
County Alameda
Legal Description See Preliminary Title Report.
Assessor's Parcel # 057201502200
Tax Year 2011
R.E. Taxes $ 3,031
Neighborhood Name Berkeley
Map Reference 629G2
Census Tract 4230.00
Occupant
Owner
Tenant
Vacant
Special Assessments $ 0
PUD HOA $ 0
per year
per month
Property Rights Appraised
Fee Simple
Leasehold
Other (describe)
Assignment Type
PurchaseTransaction
Refinance Transaction
Other (describe)
Lender/Client INTERCAP LENDING
Address 9401 Jeronimo, Ste. 200, IRVINE, CA 92618
Is the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal?
Yes
No
Report data source(s) used, offering price(s), and date(s). Alameda MLS.

SUBJECT

Uniform
UniformResidential Appraisal Report

CONTRACT

I
did
performed.

did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not

Contract Price $ 0
Date of Contract
Is the property seller the owner of public record?
Yes
No Data Source(s) Public Records
Is there any financial assistance (loancharges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower?
Yes
If Yes, report the total dollar amount and describe the items to be paid.
$0;;

NEIGHBORHOOD

Note: Race and the racial composition of the neighborhood are not appraisal factors.
Neighborhood Characteristics
One-Unit Housing Trends

One-Unit Housing

No

PresentLand Use %

PRICE
AGE
One-Unit
Property Values
Increasing
Stable
Declining
Location
Urban
Suburban
Rural
100 %
(yrs)
2-4 Unit
%
Shortage
In Balance
Over Supply $ (000)
Built-Up
Over 75%
25-75%
Under 25% Demand/Supply
%
Marketing Time
Under 3 mths
3-6 mths
Over 6 mths 500 Low
Growth
Rapid
Stable
Slow
80 Multi-Family
%
Neighborhood Boundaries To the North UniversityAvenue, to the East Shattuck Avenue, to the South m
650 High 100 Commercial
%
Dwight Way, and to the West San Pablo Avenue.
550 Pred.
88 Other
Neighborhood Description The subject is in the same general good condition and quality as properties in the surrounding area. Subject is located near
all amenities and services as well as freeway access and nearby employment centers.
MarketConditions (including support for the above conclusions)
Current market conditions favor FHA and other standard conventional financing. The
subject's market area is saw a decrease in overall property values over the last four years, levelled off about a yar ago and now it is stable.

SITE

Dimensions See Plat Map
Area 6500 sf
Shape Rectangular
Specific Zoning Classification R1
ZoningDescription Single family residential
Zoning Compliance
Legal
Legal Nonconforming (Grandfathered Use)
No Zoning
Illegal (describe)
Is the highest and best use of subject property as improved (or as proposed per plans and specifications) the present use?
Yes

No If No, describe

Utilities
Public Other (describe)
Public Other (describe)
Off-site Improvements - Type
Public
Private
StreetAsphalt
Electricity
Water
Alley None
Gas
Sanitary Sewer
FEMA Special Flood Hazard Area
Yes
No FEMA Flood Zone X
FEMA Map # 060004--0002A
FEMA Map Date 09/01/1978
Are the utilities and off-site improvements typical for the market area?
Yes
No If No, describe
Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)?...