Appraisal of a certain property known as Lot B, Psd-47340 covered by Title

no.4115 situated at Barangay Cogon, Digos City specifically situated along the
National Highway (Mc Arthur Highway Section Digos City Poblacion to
Municipality of Sta. Cruz, Davao del Sur).

Brief Description of the Subject Property

The land is generally flat and situated along the National Highway. It is
approximately 1.5 kilometers from Digos Poblacion.

The predominant use of the land subject of this appraisal is agricultural. However,
mixed land uses are existing near it’s vicinity such as commercial ( existence of City
Hardware). residential (existence of on-going development of Sta. Lucia Subdivision)
and the proximity of the Central Office of Davao del Sur Rural Electric Cooperative
(DASURECO)

The existence of the potable water provided by the Local water District of Digos and
the Electricity provided by DASURECO enhances the value of the property subject of
this appraisal.

The property for this appraisal report is a strip only out of the bigger tract of land
because it is proposal road or alley which will serve as outlet of the residents living in
the rear portion of this bigger tract of land in going to the National Highway.

METHOD OF VALUATION APPRAISAL

Highest and Best use of the land for this appraisal.

-road or alley because of its strip characteristics
or its narrow-shape and long depthness.

Based on land use of the City Government of Digos the 60-meter depth directly
adjacent to the road right of way of the National Highway in this specific location is
COMMERCIAL; and beyond the 60-meter commercial is residential.

Figures of valuation are mainly based on approved and existing Zonal value of the
Bureau of Internal Revenue in Davao del Sur specifically in BarangayCogon, Digos City
and the approved sechedule of Market value of Real Properties in Digos City.

BIR Zonal Value along National Higway:(this section)

= 6,000 per square meter

Digos Assessor’s Market Value ( for this road section)

= 1,000 per square meter

Average = 6,000 + 1,000

2

= 3, 500 per square meter

 For the area beyond the 60-meter depth of the Commercial Strip is classified as
residential.

BIR Zonal value for residential in this location = 3, 560 per square meter
Digos Assessor’s Market Value for 2nd Class residential in this location
= 290 per square meter
Average = 3560 + 290
2
= 1,925 Per Square meter

Reasonable Appraisal Value:

= average value of the 1st strip (Commercial)

+ average value of the 2nd strip (Residential) divided by two

= 3, 500 +1, 925

2

= 2, 712 per square meter

2,712 per square meter is the reasonable value since the portion of the road or alley
which falls on the commercial zone is in continuity on the portion of road or alley which
falls on residential zone hence average or mean method is used in this valuation.

Prepared by:

Hermelo A. Embalsado
Real Estate Appraiser
License no.- 0004635