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 InstructorAPPRAISAL 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.¥. 2019-2020APPRAISAL 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
3Gaisano 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 StudentIDENTIFICATION & 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
43,092.00Plywood 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 StudentPictures of the Subject PropertyFLOOR PLA
oa
BS can Pont
A
inna d #/ ROOF DECK
LIVING
& SITE DEVELOPMENT PLAN
SCALE 1: 150MPROPERTY 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 ASSESSORTAX 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
a14-01-02-00615.
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
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