‘COMPREHENSIVE APPRAISAL REPORT OF THE PROPERTY COVERED BY OCT NO. 2017000390 (Lot No.5006-10, CSD-13-003917-D) AND TAX DECLARATION NO. 09-0010-00335 SITUATED IN ZONE I, LANUZA, SURIGAO DEL SUR JANUARY 27, 2020 ee 4 4 A ¢@ CORT sa nanock Menten eed St ea) (emery eS Submitted by ALWIN M, MONTERO, CE, EnP, LPT BIS. in Real Estate Management Student Submitted fo: TERESITA B. BONGALES, CE, REA, MPA. BS. in Real Estate Management Instructorf. 2020 ‘A.B. BONGALES, CE, REA, MPA a Real Estate Management Instructor College of Technology Francisco, Agusan del Sur Value Appraisal of Lot No.5006-10, CSD-13-003917-D, covered by OCT No. and Tax Declaration No. 09-0010-00335 situated in Zone II, Lanuza, Surigao de! Sur. to your instruction, the undersigned has made an investigation and appraisal of the real as the subject property, and now wishes to submit the report. that the purpose of this appraisal is for acquisition or selling price and itis necessary its MARKET VALUE as of Janvay 27, 2020. comprising twenty-one (21) pages consists of this letter summarizing the results of general service conditions, certificate of appraiser, limiting conditions, narrative report, documents (transfer certificate of title, tax declaration, survey plans), location images and ‘property value indications and appraiser’s qualifications. APPRAISED is composed of 1 parcel of land, a residential lot, currently vacant located in Zone II, (Poblacion), Surigao de! Sur. It is bounded on the north by Lot No. 5006-10 and Lot No. ‘on the east by Lot No. 5006-9 and Lot No. 5006-1, on the south by Lot No. 5006-14, and ‘west by Lot No. 5006-11, all of CSD-13-003917-D. AREA LOT NO, LAND TITLE OWNER (SQM) 3006-10, CSD-13-003917-D | OCT No. 2017000390 Ryan L. Ingotan‘subject lot has an area of TWO HUNDRED TWENTY-FIVE SQUARE METERS (225 square s) and is predominantly flat. The adjacent lots are mostly residential and commercial. TON OF MARKET VALUE 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 and knowledgeably, ‘and assuming the price is not affected by undue incitement. Implicit in this definition is the ‘consummation of a sale as of a specified date and passing of title from the seller to buyer under ‘conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed ‘or well advised, and cach acting in what they consider their own best interest, (3) a reasonable time isallowed for exposure in the open market; (4) payment is made in terms of cash in Philippine peso ‘or in terms of financial arrangements comparable thereto and (5) the price represents the normal ‘consideration for the property. Inthis appraisal assignment, the resulting market value corresponds to the subject property. Several ‘economic principles of property valuation are considered in the conduct of this appraisal. The principle of externalities holds that the four major forces outside the property limits influence value-social, economic, physical/environmental and governmental/political. The important concept is that value is subjective in its nature and the actions of buyers and sellers that create and maintain value are influenced by forces of the subject property's boundaries. ‘The principle of change supports that as time and market conditions change, so does supply ‘and demand for real estate, and thus, the value of real estate. All elements around us are constantly in a state of change, and a valuation represents a photograph at a certain point in time within its constantly changing environment, It is important to remember that the appraiser's role is to report market reaction in this constantly changing environment, recognizing buyer’s and RESTS AnSDUmnt DAE OFAEAL PECPENTY NIN ALL mn fs Mee PEROT ees oe pa ee bet (RAE. 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