APPRAISAL REPORT

PROPERTY

RESIDENTIAL BUILDING
Purok-2, Barangay 3
San Francisco, Agusan del Sur

DATE OF VALUATION

DECEMBER 09, 2021

Submitted by:

FELIPE M. BADIAN
B.S. in Real Estate Management Student

Submitted to:

TERESITA B. BONGALES, CE, REA, MPA

B.S. in Real Estate Management Instructor

APPRAISAL REPORT 1
 APPRAISAL REPORT ON A RESIDENTIAL BUILDING
owned by
MR. & MRS. ALLAN YAOYAO
Located at Purok 2, Barangay 3, San Francisco, Agusan del Sur

Appraised by:

FELIPE M. BADIAN
B.S. in Real Estate Management Student
S.Y. 2021-2022

APPRAISAL REPORT 2
APPRAISAL REPORT 3
PURPOSE OF APPRAISAL

The purpose of this appraisal is to estimate the market value of residential building as of the effective
date of appraisal so that the appraiser can demonstrate his ability to apply appraisal practices and
procedures to a property using actual data, to be reviewed by the REM Instructor for the purpose of
attaining a professional and accurate valuation as part of the requirement of the study.

PROPERTY DESCRIPTION:
LAND DESCRIPTION/REFERENCE:

Name of Owner: ALLAN YAOYAO

Location: Purok 2, Barangay 2, San Francisco, Agusan del Sur
Lot No.: 3893-A
TCT No:
Survey No:
Area: 296 sq.m.
GENERAL DESCRIPTION
Kind of Building: Residential Building (One Family Dwelling)
Structural Type: IV-A
Date Constructed/Completed: 2021
Date Occupied: 2021
Building Age: 0
No. of Storey/s: 1
Area of 1st Floor: 49.5 sq.m.
Area of 2nd Floor: N/A
Total Floor Area: 49.5 sq.m.

APPRAISAL REPORT 4
SITE ANALYSIS

The location of the property is favorable due to its walking distance to most establishments and
institutions. The area is predominantly flat, in good shape and frontage. Zoning site appears to
conform in the zoning ordinance.
NEIGHBORHOOD

The subject property is a residential building owned by Mr. Allan Yaoyao. It is located along Purok
2, Barangay 2, San Francisco, Agusan del Sur. It is also located where areas are pre-dominantly
residential in uses. The subject property area is just few meters away from the landmark such as
Rotunda and major shopping center, Gaisano Grand. The surrounding area on both sides are mostly
residential buildings. Presence of churches, schools and banks are few meters away.
ACCESSIBILITY
Location is easily accessible as the property is situated in a secondary road along going to Brgy.
Sta. Ana. Diversion roads are being constructed few meters away. Presence of public transports are
readily available at any given time.
COMMUNITY FACILITIES & UTILITIES
Electric power, water supply and telecommunication facilities are conveniently and readily available
in the vicinity. Electricity powered by ASELCO and San Francisco Water District as the water source.

APPRAISAL REPORT 5
HIGHEST AND BEST USE
PHYSICALLY POSSIBLE
No physical restrictions known with proper engineering as site would be adequate for building
improvements as improved with adequate drainage, and adequate access of existing streets. It is
within a reasonable distance of the consuming public so that good demand might be available.
FINANCIALLY FEASIBLE
Subject is an adequate site similar to most other properties in the area, and with this good location
should be able to command a very competitive to average demand as a commercial site that should
compete for an adequate return for some time to come.
LEGALLY PERMISSIVE
No legal restrictions known to use for commercial or other alternative uses that are reasonable and
appropriate for the area, and is in conformity with current zoning. It is assumed all laws are being
and will be compiled with concerning applicable permits, waste disposal, contamination or pollution,
and zoning.
MAXIMUM PRODUCTIVE
Subject potential use will conform to surrounding uses, area markets are available, and support
facilities, such as roads, utilities and other services, are readily available. Conclusion: Considering
the above four criteria, the current and potential use as a commercial site should provide the Highest
and Best Use and provide that greatest net return due to physical properties, current zoning and
location.
Based upon a thorough analysis of the subject property and the prevailing usage in the approved
Local Zoning Ordinance, the appraiser strongly give his opinion that a RESIDENTIAL in use would
primarily represent as the highest and best use of the property.
“HABU defined as a principal of appraisal and assessment requiring that each property be appraised
as though it were being put to its most profitable use (highest possible present net worth), legal,
physical, and financial constraints. The principle entails first identifying the most appropriate market,
and second the most profitable use within that market.

APPRAISAL REPORT 6
VALUATION PROCESS
COST APPROACH
The cost approach is based on the principle of substitution, defined in the Glossary for Property
Appraisal & Assessment, that: “a potential owner will pay no more for a property than the amount
for which a property of like utility may be purchased.”

STRUCTURAL MATERIALS
Foundation: Reinforced Concrete Column: Reinforced Concrete Beams: Wooden
Trusses: Wooden Roof: Color Roof Flooring: Glazed Tiles
Wall & Partition: Reinforced Concrete
ITEM DESCRIPTION
Compatibility to Neighborhood: Yes
Structual Type: IV-B
Functional Utility: Yes
Appeal and Marketability: Yes
Unit of Measure: sq.m.
Current Use: Residential
Square Meter
First Floor: 49.5 sq.m.
Second Floor : N/A
Footings, slab, columns etc. Reinforced Concrete
Overall Quality: Very good
Exterior Wall Type (s) and Height: 9 sq.m.
Roof pitch, roof cover gutters, eaves, special features: Color Roof, presence of gutters
Framing: Steel and Wooden
Interior layout/floor plan, type of finish, special features: Special Finish, Reinforce Concrete
Building Condition: Good

APPRAISAL REPORT 7
 Area (sq.m) Unit Const. Cost Total

Building Core 49.5 (IV-B) 6430 318,285

Additional Items:
ITEMS AREA UNIT VALUE Total
Ceilings (Ord. Plywood) 49.5 620 30,690
Doors (Ord. Wood) 6.98 2,060 14,378.8
Tiles (Glazed Ceramic) 36 780 28,080
Windows, Glass Jalousie 3.84 1,570 6,028.8
Steel Grill 3.84 1000 3,840
Extra T & B 1 11,840 11,840
Total Cost of Additional Items: 94,857.6

Total MV 413,142.6 or
413,143.00

All pertinent data available was reviewed in the analysis of the cost approach. It is my opinion that
the estimated fair market value of the subject property as of December 9, 2021 through cost
approach is: FOUR HUNDRED THIRTEEN THOUSAND ONE HUNDRED FORTY THREE PESOS
(P 413,143.00)

APPRAISAL REPORT 8
CERTIFICATION OF VALUE

APPRAISAL REPORT 9
LIMITING CONDITIONS:
1. All existing liens and encumbrances, if any, have been disregarded and the property is
appraised through free and clear “fee simple” under responsible ownership;

2. I assume no responsibilities for title/s to or liabilities against the appraised property;

3. 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;

4. I 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;

5. Possession of this report, or any thereof, does not carry with it the right of publication, in
whole or in part. Unless with prior written content of the appraiser.

6. This appraisal report is invalid unless the page where the value appears in duly signed by
the appraiser;

7. Any erasures on date and/or value shall invalidate this valuation report;

8. Values are made in the Philippine currency.

Prepared/Appraised/Reported by:

FELIPE M. BADIAN
BS Real Estate Management Student

APPRAISAL REPORT 10
APPRAISAL REPORT 11
APPRAISAL REPORT 12
APPRAISAL REPORT 13
APPRAISAL REPORT 14
APPRAISAL REPORT 15
APPRAISAL REPORT 16