APPRAISAL REPORT ON A RESIDENTIAL BUILDING/HOUSE Submitted by: ALWIN M. MONTERO, CE, EnP, LPT BS. inReal Estate Management Student Submitted to: ‘TERESITA B. BONGALES, CE, REA, MPA 5. in Real Estate Management InstructorAPPRAISAL REPORT ON A RESIDENTIAL BUILDING/HOUSE ‘owned by Mr. & Mrs. Jerry Milton D. Minguillan Located Along Navales St., Bag-ong Lungsod, Tandag City, Surigao del Sur Appraised by: ALWIN M. MONTERO, CE, EnP, LPT B.S. in Real Estate Management Student S.¥. 2019-2020APPRAISAL REPORT Contro! No. 02172020-01 February 12, 2020 - Date of inspection February 12, 2020 Date of this Report TERESITA B. BONGALES, CE, REA, MPA BS jn Real Estate Management instructor ‘Southway College of Technology ‘San Francisco, Agusan del Sur ISAL OF A RESIDENTIAL BUILDING/HOUSE located along Navales St., Bag-ong Lungsod, Tandag City, Surigao de! Sur reference to your instruction, | have conducted an inspection and appraisal of a real , a residential building/house owned by Mr. & Mrs. Jerry Milton D, Minguillan, at the above-stated address. understanding that the purpose of this appraisal is to determine the market value of property as of February 17, 2020. The scope of the appraisal covers only the jouse and improvements on a lot with Tax Declaration No. 14-01-02-00615. personally inspected the subject property and made an inquiry/research on the local conditions. | also have given consideration to the following: Asking prices of comparable properties Extent, character and utility of the property Zoning and current usage in the locality Highest and best use of the property YSIS: property is along Navales Street, 150 meters away from the intersection with the highway. It is within the city proper where residential buildings and commercial ments are visible and healthy. The property is technically along the per title and fand survey. DESCRIPTION: Property is a residential building/house (including the improvements outside) on a trapezoidal lot of length 26.50 meters, and bases 10.62 meters and 12.02 with the shorter base fronting Navales Street. The lot has an area of 300 square of which 42 % is occupied by the building/house. The property is only 60 meters away 3Gaisano Capital (Mall) and with favorable walking distance to most institutions and /business establishments. The lot is predominantly flat, in good shape and about above the street level. ‘on investigation and analysis of all relevant factors duly considered, it is my opinion ‘Market Value of the property (residential building/house) is: ONE MILLION EIGHT HUNDRED TWO THOUSAND PESOS: (Php 1,802,000.00) ‘supporting data upon which the value is based are contained in the accompanying appraisal report. IENT: Vicinity map, lot plan, site development pion, floor plan and photos of the property. LOSURE/RECOMMENDATION: Subject property (residential building/house) is situated on a lot along a concrete road. Property is near to Gaisano Capital (Mall), other commercial establishments, banks, police and fire stations, city plaza/park, cathedral, public and private schools, and others. Marketability is moderately high. Highest and best use of the property is residential. ‘TION certify that I have inspected the property subject of this appraisal both inside and thave made a neighborhood inspection, believing that all statement and information report are true and correct to the best of my knowledge, that the valuation is the Value of the property, and that the same is of residential value and is readily as of the date of appraisal. certify that the opinion rendered herein, and the methodology and standards used accordance with generally accepted valuation principles and procedures of the Valuation Standards (PVS). Moreover, | have neither present nor prospective ‘on the property or on the value reported. ‘M. MONTERO, CE, EnP, LPT |Estate Management StudentIDENTIFICATION & DESCRIPTION: ‘avales Street Conerete Road 2650 metere (0.30 retrs above ad vel Lot 4889.8 Let 4509.8 [ commer oad en Tisinees Readsde uence: | *| Roadside | | interior fat | tha Trapezsiel ‘0.50 metersbelow oor evel Navaies Sreet Lota, ad 35D ae [ corner tot = eran oad eee ‘Seusheast: ‘Seuthwest Raw land ernst inductor Resort x Tile. Dalane {to be transfered te Not Dliclotes ‘long Nave othe. Lot No. 2585 ‘Lot No, 2946 (combined) iat Registration ar) ‘ate: 0 lS Bee og Resident Commercial improving Static cry UpperMiddie He Inereasing Normal average ‘AINew Ienproverent Mary New Improvements eh Moderately High Tesi ean inks Sexooih (Publica Private) +) stores Pelle station fire sation FACIUTIES AND UITILITIES DATA: me Jeepney MaTART Inadequate Inaequate (Open canal Not avaiable Not vaiaoie ‘Asohatt Adeauate Adequate‘AND BEST USE FOR THE PROPERTY: upon an analysis on the property and the prevailing land usage in the neighborhood, is with the opinion that a residential utility would represent the highest and ofthe property. and Best Use (HABU) is defined as the most probable use of a property which is Possible, appropriately justified, legally permissible, financially feasible, and which jin the highest value of the property being valued. of the subject property was estimated through the cost approach. In the cost ., we based comparable alternative asset with same equivalent that would provide utility. After considering all necessary adjustments, the following valuation is obtained: for the Building/House (and the improvements outside) Total ‘of the Main Floor sq.m. ® 7,070.00 ‘® 587,517.00 | sam. 2,920.00 16,790.00 sqm. 2,828.00 6371480 3q.m. 1,530.00, 16,742.50 | =] 426 | sam 3,180.00 13,546.80 | =| 2700 | sq.m. 3,280.00 88,560.00 ‘788,871.10 46,979.40 6,048.00 = {15333 | sq.m. 1,520.00 233,061.60 =| 17.02 sq.m. 2,750.00 | 46,805.00 =| 7140 | sq.m. 2,060.00 -——S«#146,466.00 =| 1755 | sam. 780.00 13,868.00 [=] 37.78 sq.m. 700.00 26,445.00 43,092.00Plywood Ceiling ‘withmoudings)” |= | 7850 | sq.m. 655.00 51,417.50 Grills (Steel) =] 17.02 ‘sq.m. 1,000.00 17,020.00 Steel Pipe fatstairway& | =| 40.50 | linear meter 330.00 13,365.00 deck) Tugas Panel _ Door (imx2im) |=] 210 sq.m. 5,170.00 10,857.00 five Tugas Panel =} 735 sam. | 5,170.00 37,999.50 | =| 210 sq.m. 2,330.00 4,893.00 | 294 3q.m. 2,330.00 6,850.20 | Ls =) 11630 sq.m. 330.00 38,379.00 =| 768 sq.m. 1,370.00 10,521.60, =| 18.20 | tinearmeter 300.00 5,460.00 =| 2 unit 14,370.00 28,740.00 j=] .aa sq.m. 1,680.00 2,419.20 | =] oa unit 7,500.00 7,500.00 | =| 2 writ 4,400.00 8,800.00 Sr: nit 4,300.00 44,300.00 =|_a unt | §,700.00 5,700.00 | =| 116.30 sq.m. 1,250.00 145,375.00 | =| 2500 sq.m 950.00 23,750.00 “sq.m, 330.00 68,260.50 1,054,374.50 Pavernent (4”) 13,725.00(10 cm. thick T = 66.75 sam | 1,350.00, 90,112.50 = 80.00 linear meter 380.00 30,400.00 | =| 18.75 sq.m. 1,000.00 18,750.00 | =| 940 | sam. 4,600.00 15,040.00 "168,027.50 2,011,273.10 juilding ‘Sub-total (A) ~ 788,871.10 Sub-total (8) =) 1,058374-50 (outside Sub-total (C) 168,027.50 2,011,273.10 10.80% 209,172.40 1,802,100.70 ‘Say ® 1,802,000.00 of the subject property is focused on cost. ‘approach considering the prevailing ‘of base market values in the locality. Based on the foregoing analysis and the undersigned is of the opinion that the market value of the property ‘building/house and the improvements outside) is One Million Eight Hundred Two ‘Pesos (P 1,802,000.00).CONDITIONS: +2) Allexisting liens and encumbrances, if any, have been disregarded and the propertyis appraised through free and clear “fee simple” under responsible ownership; assume no responsibilities for title/s to or liabilities against the appraised property; By reasons of this appraisal, the appraiser is under no obligation to give testimony or attendance in court or to any government agency with reference to the subject property unless arrangements have been previously made; ‘No instrument for survey was used to actually pinpoint the property boundaries. Identification of the property was used on the document presented by the owner which was verified with and confirmed by the Municipal Assessor's office. {assumed in my valuation as of the above-stated date that the property as currently used is not in contravention of any planning or any government regulations; Possession of this report, or any copy thereof, does not carry with it the right of publication, in whole or in part. Unless with prior written content of the appraiser. This appraisal reports invalid unless the page where the value appears is duly signed ‘by the appraiser; Any erasures on date and/or value shall invalidate this valuation report; Values are made in the Philippine currency. /Appraised/Reported by: 'M. MONTERO, CE, EnP, LPT Estate Management StudentPictures of the Subject PropertyFLOOR PLA oa BS can Pont A inna d #/ ROOF DECK LIVING & SITE DEVELOPMENT PLAN SCALE 1: 150MPROPERTY ASSESSED: MACHINERY Beet Description: OTHERS ‘Specify: area warket Value "Actual se | Aavesoment Level | Amemsea Vaise 35%. 268,320 | 4 Ras rt nd cat ae ne cafe any Cuneo el ie tthe per. CERTIFIED TRUE COPY ENGR. VIVIAN C. TELLO, REA CTTY ASSESSORTAX DECLARATION OF REAL PROPERTY. 14-01-02-00614 Property Identification No, 235-01-0002-010-18 DOLLANO, JULIE 0. ™ 1BAG-ONG LUNGSOO, TANDAG CITY Tepe | ise | Tapes ] ‘BAG-OnG LUNGSOD TaNDAG Want & Sts Garngay Dire) 1 No Survey No | Lot No ae Block no. Lor 2946-7 Sout LT 2965-4 MAVALES ST. West TOTS, CABRERA ST. + "Ts decaraton is frre propery tsar purposes cy andthe wton recat heen are ener the sched of ut markt vans Prepared fx the purpse src chy enact rt an Crnanee by the Sargpurong Perisnwtgan under Granance des not ane cannot by HS sn canter any coment cf aga te wo be property ‘CERTIFIED TRUE COPY ENGR. VIVIAN C. TELLO, REA (CITY ASSESSOR a14-01-02-00615. TAX DECLARATION OF REAL PROPERTY Property Identification No, DOLLANO, JULIE O. ™!%N 235-01.0002-010-19 'BAG-ONG LUNGSOD Telephone No User THN Telephone No Property BAG-ONG LuNGsOD TANOAG CITY : Chariber Set) x OA No Survey No. Lot No. 2985 Block no. Setseaeer. ‘South: LOT 24, 2945-8 NAVALES ST. West: TOT 16, CABRERA ST. PROPERTY ASSESSED: AND (71. meunery Brief Description: BUILDING (7s omners (No. of Storeys: Specity: Nc an] [aren | Market Valve ‘Actual Use| Assessment Level | Assessed Value [39s 353,580) aR b 20% 70910 t TOTAL | 385 Sqm 1.550] 70310 (SGD) ENGR. VIVIAN C. TELLO, REA ProvincialMuniopal Assessor declaration cancels TD/ARP No. 08-01-02-00619 Owner: SAME Previous AV. Php: