Borrower: County:
Subject Property Comments:
City: State:
Property Address: Zip:
RESIDENTIAL VALUATION SERVICES (RVS) - BROKER PRICE OPINION
Owner of Public Record:
BROKER PRICE OPINION FORM Created by FNC, INC. 6/2012 File #
Original List Price:
Address: Client:
Yes, currently
Is the subject Property currently listed? No
Property Type: SFR Condo Co-op PUD Manufactured Other
Last List Price: Date:
Date:
to $ Number of Competitive Listings in the Subject Property's neighborhood on the market:
to $ Number of Comparable Sales in the Subject Property's neighborhood the last 12 mos.:
Neighborhood Description:
Market Conditions:
Rural Urban Suburban
Location: Property Values: Increasing Stable Declining
HOA $ per month
Market Timing:
Price Range $ Price Range $ Yes
Property is new construction: No Is the property currently impacted by a disaster? Yes No If yes, disaster date:
Yes, in Last 12 Months DOM:
Has the subject property been sold in the past 12 mos.? Yes No Price: Date:
Listing Broker: Listing Broker Company: Listing Broker Phone:
APN: Loan #:
Order #:
Normal Days on Market
Owner Tenant Predominant Occupancy: Comparable Properties Address Data Source (MLS#) Proximity Sale Price Sale Date Zip Code
Last Listing Price
DOM
Lot Size
Design
Original Listing Price
Actual Age
Condition GLA Above Grade
Rooms/Beds/Full/Partial Basement SF Parking Type # Parking Stalls Pool/Spa Other
HOA Fees/mo. (0, if none)
Subject Sale #1 Sale #2 Sale #3 Listing #1 Listing #2 Listing #3
Original Listing Date
Yes No
Industrial within 0.25 mi.? Vacancy: 0-5% 5-10% 10-20% 20+%
Neighborhood is new construction: Yes No Is there evidence of a disaster? Yes No If yes, date:
Subject Property Neighborhood City Sales Concessions Basement Type Overall Comparability
Occupancy: Owner Tenant Vacant Unknown Inspection Type: Exterior Interior Inspection Date:
View
Red Flags
Comments:
Order Type: Vendor Order #:
Median Market Rent: REO Trend: Market Timing Trend:
Number of Units Loan Type
Damaged Construction Environmental Zoning Market Activity Boarded Stigma Other (See Comments)
Site
Comparison
Basement %
Subject listed multiple times in last 12 months? Yes No
Reject/Withdraw – Check Reason Below
2-4 Units
Commercial
Acreage (5+)
Mobile/Mfg. Home
Vacant Land
Other
Loan # Distressed Sale 494-60-049 TY TRAN 41313099 SAN JOSE DECLINING San Jose 1148 Pusateri Way 95121 37 n/a 0 0 None 2 0 4 Good 81315979 1-Story Ranch No Attached garage 2 0 $549,000.00 1594 Conventional -- Ne 0.14 4 Superior 1 5/10/2013 $549,000.00 None 1.1mi. NW 7 6/17/2013 $590,000.00 0 Standard Lot-Levele Neighborhood View Similar San Jose 1308 Lightland Rd 95121 36 n/a 0 0 None 2 0 3 Average 81323019 1-Story Ranch No Attached garage 2 0 $519,000.00 1633 Conventional -- New 0.14 6 Similar 1 6/27/2013 $519,000.00 None 0.2mi. N 7 8/5/2013 $560,000.00 0 Standard Lot-Levele Neighborhood View Similar San Jose 934 Hellyer Ave 95111 40 n/a 0 0 None 2 0 3 Average 81324846 1-Story Ranch No Attached garage 2 0 $448,000.00 1512 Conventional -- Ne 0.14 16 Inferior 1 7/10/2013 $448,000.00 None 0.5mi. S 7 8/19/2013 $510,000.00 0 Standard Lot-Levele Neighborhood View Similar $662,000.00 $370,000.00 $662,000.00 $319,000.00 SANTA CLARA
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BeavertonWells Fargo Bank, N.A. 18700 NW Walker OR 97006
41 0 0 None 2 0 3 San Jose Average MLS #81316623 1-Story Ranch No Attached garage 2 0 $521,000.00 1402 N/A 0.14 91 Inferior 5/15/2013 $539,950.00 n/a None 0.5mi. N 6 0 Standard Lot-Levele 1326 Cotterell Dr 1 Neighborhood View Similar 95121 40 0 0 None 2 0 3 San Jose Average MLS #81329883 1-Story Ranch No Attached garage 2 0 $505,000.00 1395 N/A 0.15 1 Inferior 8/14/2013 $505,000.00 n/a None 0.5mi. N 6 0 Standard Lot-Levele 1363 Alvernaz Dr 1 Neighborhood View Similar 95121 37 0 0 None 2 0 4 San Jose Average MLs#81331963 1-Story Ranch No Attached garage 2 0 $559,000.00 1542 N/A 0.19 15 Superior 8/29/2013 $559,000.00 n/a None 1.1mi. NW 7 0 Standard Lot-Levele 1164 Pusateri Way 1 Neighborhood View Similar 95121 41313099
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The local market has been stable in general during the pass 6-9 months. We have seen properties closing over listing price due to multiple offers and lack on inventory. The market started to cool down in the 2nd half of August. There are short sales ( ~25%) in the area with prices at the lower end of the price range for the neighborhood.
21 STABLE $2,400.00
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No reg flags were observed during exterior inspection
9/11/2013 Exterior BPO
The subject is in a popular, well established and average residential area in the South San Jose area .It has good access to schools, retail shopping and also to Highways 101 and Capitol Exp ( a major communication artery with commercial activity). Not far from Coyote Creek Park.
One story ranch style with 2-car garage attached, composition roof, wood exterior and front yard properly maintained.
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CA SAN JOSE 1173 BARRINGTON CT 95121 36 n/a 0 0 None 2 0 4 Average tax records 1-Story Ranch✘
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No Attached garage 2 1698 N/A 0.145 1 None 7 0 Standard Lot-Leveled✘
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Neighborhood View 1035820 95121BROKER PRICE OPINION FORM Created by FNC, INC. 6/2012
Comparable Property Comments
Sale #1: Sale #2: Sale #3: Listing #1: Listing #2: Listing #3: Repairs
Repair item Interior/Exterior Estimated Cost
Total estimated cost of recommended repairs:
$ $ $ $ $ $
*Typical Marketing Price: "As Is" $
Price Opinion
*Typical Marketing Price: "As Repaired" $
Comments
Prepared By: Date:
Phone: Broker / License #:
This is a BPO market analysis. This is not an appraisal.
CertificationCompany: Company Address:
License State: Signature:
Probable Sale Price
* Typical Marketing Time is assumed to be 3-6 months unless otherwise noted.
1. 2. 3. 4. 5. File # Loan #
INTEREST IN PROPERTY: I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction.
Regular sale with smaller living space. Kitchen with maple cabinets, granite counter tops and central island. Pergo floor in living room. Living room with vaulted ceilings.
Regular sale with smaller living space and comparable lot size. Same utility count. No upgrades or improvements reported.
regular sale with inferior gla, larger lot size. Remodeled kitchen w/granite counters, SS appliances, new bathrooms.
9/16/2013 Lissette Robles
4831 Rue Loiret, San Jose, Ca 95136 Coralis Realty
01794923 Ca
4083163547
41313099
The property was priced in the midrange of the adjusted sold comp range. The local market shows a mix of short sales and regular transactions with the short sales normally at the lower end of the price range. The price gap is getting smaller between regular transaction and adjusted short sales. The local market has shown a light increase for the last 6 months. The property should be marketed AS IS in an average marketing cycle of 30-45 days. The expectation is that the market will be stable since we have seen an increase in interest rates, however the low inventory will compensate and the prices should remain stable over fall and winter. The unadjusted listings show smaller value but the properties close higher than the listing prices.and two of them are inferior implying upwards adjustments.
The most comparable comp is Sold #2: It has equivalent physical features and while it may have some updates (no details provided) it should not be considered a remodeled home Most Likely Rent: $2,100.00 (per month)
Regular sale with smaller living space, equivalent age, utility & lot size. New interior & exterior paint, newer composition roof, dp windows
Regular sale with slightly smaller living space and lot size. It may have updates in kitchen and baths ( no details reported). Refinished flooring
Regular sale with smaller living space and comparable lot size. New carpeting throughtout, copper plumbing and Central A/C. Covered patio
$540,000.00 $540,000.00 130902-05496-5 $0.00
Product Disclaimers:
All States: This valuation is not an appraisal. It was obtained from a market analysis and not from a person licensed or certified under applicable law to perform appraisals.
Idaho: Unless the broker is licensed under the Idaho Real Estate Appraisers Act, Chapter 41, Title 54, Idaho Code, this report is not intended to meet the uniform standards of professional appraisal practice. It is not intended to be an appraisal of the market value of the property, and if an appraisal is desired, the services of a licensed or certified appraiser should be obtained.
Maine: This opinion was prepared solely for the client, for the purpose and function stated in this report and is not intended for subsequent use. It was not prepared by a licensed or certified appraiser and may not comply with appraisal standards of the uniform standards of professional appraisal practice.
Maryland: COMPETITIVE MARKET ANALYSIS DISCLOSURE. This analysis is not an appraisal. It is intended only for the purpose of assisting buyers or sellers or prospective buyers or sellers in deciding the listing, offering, or sale price of the real property.
Michigan: This is a market analysis, not an appraisal and was prepared by a licensed real estate broker or associate broker, not a licensed appraiser.
Minnesota: This opinion is not an appraisal of the market value of the property, and may not be used in lieu of an appraisal. If an appraisal is desired, the services of a licensed or certified appraiser must be obtained.
Mississippi: This opinion is not an appraisal of the market value of the property, and may not be used in lieu of an appraisal. If an appraisal is desired, the services of a licensed or certified appraiser must be obtained. This opinion may not be used by any party as the primary basis to determine the value of a parcel of real property for a mortgage loan origination, including first and second mortgages, refinances or equity lines of credit.
Nebraska: This opinion or analysis is not an appraisal. It is intended only for the benefit of the addressee for the purpose of assisting buyers or sellers or prospective buyers or sellers in deciding the listing, offering, or sale price of the real property or for lending purposes in a transaction other than a federally related transaction. This opinion or analysis is not governed by the Real Property Appraiser Act.
Nevada: Notwithstanding any preprinted language to the contrary, this opinion is not an appraisal of the market value of the property. If an appraisal is desired, the services of a licensed or certified appraiser must be obtained.
Oregon: Unless the licensee who prepared this report is also licensed by the Appraiser Certification and Licensure Board, the report is not intended to meet the requirements set out in the Uniform Standards of Appraisal Practice. The report is a competitive market analysis or letter opinion and is not intended as an appraisal. If an appraisal is desired, the services of a competent professional licensed appraiser should be obtained.
Pennsylvania: This analysis has not been performed in accordance with the Uniform Standards of Professional Appraisal Practice which requires valuers to act as unbiased, disinterested third parties with impartiality, objectivity and independence and without accommodation of personal interest. It is not to be construed as an appraisal and may not be used as such for any purpose.
Texas: THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED AN APPRAISAL. In making any decision that relies upon my work, you should know that I have not followed the guidelines for development of an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation.
Washington: This brokers price opinion is not an appraisal as defined in chapter 18.140 RCW and has been prepared by a real estate licensee, licensed under chapter 18.85 RCW, who IS IS NOT also state-certified or state-licensed as a real estate appraiser under chapter 18.140 RCW.
BROKER PRICE OPINION FORM Created by FNC, INC. 6/2012 File #
Loan # 41313099 130902-05496-5
SUBJECT PHOTOGRAPH ADDENDUM
Property Address City Lender State Borrower/ClientCounty Zip Code
File No.
FRONT OF
SUBJECT PROPERTY
REAR OF
SUBJECT PROPERTY
STREET SCENE
TY TRANSAN JOSE SANTA CLARA
Street Scene
130902-05496-5
Wells Fargo Bank, N.A. 1173 BARRINGTON CT
ADDITIONAL PHOTOGRAPH ADDENDUM
Property Address City Lender State Borrower/ClientCounty Zip Code
File No.
Side View
Address Verification
Side View TY TRAN
SAN JOSE SANTA CLARA
130902-05496-5
Wells Fargo Bank, N.A. 1173 BARRINGTON CT
Comparable Sale 1
Date of Sale: Sale Price: Sq. Ft.: $ / Sq. Ft.:
COMPARABLES PHOTOGRAPH ADDENDUM
Property Address City
Lender
State Borrower/Client
County Zip Code
File No.
(Comps 1-3)
Comparable Sale 2 Date of Sale: Sale Price: Sq. Ft.: $ / Sq. Ft.: Comparable Sale 3 Date of Sale: Sale Price: Sq. Ft.: $ / Sq. Ft.: San Jose San Jose San Jose 1148 Pusateri Way 1308 Lightland Rd 934 Hellyer Ave 95121 95121 95111 TY TRANSAN JOSE SANTA CLARA
130902-05496-5
Wells Fargo Bank, N.A.
1594 1633 1512 1173 BARRINGTON CT 6/17/2013 8/5/2013 8/19/2013 $590,000.00 $560,000.00 $510,000.00 CA 95121
LISTING COMPARABLE PHOTOGRAPH ADDENDUM
Property Address City Lender State Borrower/ClientCounty Zip Code
File No.
Listing # 1
Listing # 2
Listing # 3
Comp List #1 Comp List #2 Comp List #3 TY TRANSAN JOSE SANTA CLARA
130902-05496-5
Wells Fargo Bank, N.A. 1173 BARRINGTON CT
Property Address City
Lender
State Borrower/Client
County Zip Code
File No.
TY TRAN
SAN JOSE SANTA CLARA
130902-05496-5
Wells Fargo Bank, N.A. 1173 BARRINGTON CT
ADDITIONAL FIELD TEXT
Property Address City Lender State Borrower/ClientCounty Zip Code
File No.
