Caltop Appraisal10M228DJ
10M228DJ228 S San Marino Ave
| 228 S San Marino Ave | A | San Gabriel | CA | 91776 | |||||||||||||||||||||||
| China Fisheries North America Inc. | China Fisheries North America Inc. | Los Angeles | |||||||||||||||||||||||||
| P M 368-70-71 lot 1 condo unit A | |||||||||||||||||||||||||||
| 5362-024-023 | 2020 | 9,500 | |||||||||||||||||||||||||
| Kanaan Place HOA | 1 | 31084 | 4811.01 | ||||||||||||||||||||||||
| 0 | 200 | ||||||||||||||||||||||||||
private use
| private use | ||||
| China Fisheries North America Inc. | 228 S San Marino Ave #A, San Gabriel, CA 91776 | |||
CRMLS
CRMLS
| 700 | ||
| 1,070 | ||
| 805 | ||
| 0 | |
| 40 | |
| 30 | |
| 85 | |||||||||||||||||||||
| 5 | |||||||||||||||||||||
| 5 | |||||||||||||||||||||
| Las Tunas Drive to the North, Mission Road to the South, Santa Anita Ave to | 5 | ||||||||||||||||||||
| the West, Walnut Grove Ave to the East, in the City of San Gabriel. | |||||||||||||||||||||
| Subject is located in an area of primarily single family homes and condominiums. Commercial properties are located on | |||||||||||||||||||||
| major streets. Most condominiums are similar in quality of construction, appeal, and condition. The neighborhood is located in close proximity to | |||||||||||||||||||||
| all needed supporting facilities including schools, shopping, recreation and employment. | |||||||||||||||||||||
| Neighborhood properties have avg marketing time from 1 to 3 months. Typical | |||||||||||||||||||||
| conventional fixed & adjustable finances are all available in the subject's market area. Supply and demand are currently in balance. Property | |||||||||||||||||||||
| values were increasing in the past 12 months per MLS. | |||||||||||||||||||||
| Level | Typical | Normal | B;Mtn; | ||||||||||||||||||
| SLR1YY | Condominium permitted | ||||||||||||||||||||
asphalt
| asphalt | |||||||
| none | |||||||
| X | 06037C1675F | 09/26/2008 | |||||
Subject is located on a light traffic street with some traffic noise noted.
Subject is located on a light traffic street with some traffic noise noted.HOA & field
HOA & field
| 3 |
| 0 |
2011
| 2011 | |
| 10 | |
stucco
| stucco | ||
| Comp | ||
| 6 | ||
| 2 | ||
| Garage | ||
| ample | ||
| 3 |
| 3 |
| 0 |
| 3 |
| 1 |
| 2 |
| 1 |
| 3 |
| 0 |
| 3 |
| 1 |
| 2 |
0%;
0%;Form 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report
File #
SUBJECT
CONTRACT
NEIGHBORHOOD
PROJECT SITE
PROJECT INFORMATION
Thepurposeofthissummaryappraisalreportistoprovidethelender/clientwithanaccurate,andadequatelysupported,opinionofthemarketvalueofthesubjectproperty.Property AddressUnit #CityStateZip Code
BorrowerOwner of Public RecordCounty
Legal Description
Assessor's Parcel #Tax YearR.E. Taxes $
Project NamePhase #Map ReferenceCensus Tract
OccupantOwnerTenantVacantSpecial Assessments $HOA $per yearper month
Property Rights AppraisedFee SimpleLeaseholdOther (describe)
Assignment TypePurchase TransactionRefinance TransactionOther (describe)
Lender/ClientAddress
Is the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal?YesNoReport data source(s) used, offering price(s), and date(s).Ididdid not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was notperformed.Contract Price $Date of ContractIs the property seller the owner of public record?YesNoData Source(s)
Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower?YesNoIf Yes, report the total dollar amount and describe the items to be paid.Note: Race and the racial composition of the neighborhood are not appraisal factors.
Neighborhood Characteristics
LocationUrbanSuburbanRural
Built-UpOver 75%25-75%Under 25%
GrowthRapidStableSlow
Condominium Unit Housing Trends
Property ValuesIncreasingStableDecliningDemand/SupplyShortageIn BalanceOver SupplyMarketing TimeUnder 3 mths3-6 mthsOver 6 mths
Condominium Housing
PRICE$ (000)
AGE(yrs)LowHighPred.
Present Land Use %
One-Unit%2-4 Unit%Multi-Family%Commercial%Other%
Neighborhood Boundaries
Neighborhood Description
Market Conditions (including support for the above conclusions)
TopographySizeDensityView
Specific Zoning ClassificationZoning Description
Zoning ComplianceLegalLegal Nonconforming - Do the zoning regulations permit rebuilding to current density?YesNoNo ZoningIllegal (describe)
Is the highest and best use of subject property as improved (or as proposed per plans and specifications) the present use?YesNoIf No, describe
UtilitiesPublicOther (describe)PublicOther (describe)
Electricity
Gas
WaterSanitary Sewer
Off-site Improvements - TypePublicPrivate
StreetAlleyFEMA Special Flood Hazard AreaYesNoFEMA Flood ZoneFEMA Map #FEMA Map Date
Are the utilities and off-site improvements typical for the market area?YesNoIf No, describe
Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)?YesNoIf Yes, describe
Data source(s) for project informationProject DescriptionDetachedRow or TownhouseGardenMid-RiseHigh-RiseOther (describe)
General Description
# of Stories# of Elevators
ExistingProposedUnder ConstructionYear BuiltEffective Age
General Description
Exterior WallsRoof SurfaceTotal # ParkingRatio (spaces/units)TypeGuest Parking
Subject Phase
# of Units# of Units Completed# of Units For Sale# of Units Sold# of Units Rented# of Owner Occupied Units
If Project Completed
# of Phases# of Units# of Units for Sale# of Units Sold# of Units Rented# of Owner Occupied Units
If Project Incomplete
# of Planned Phases# of Planned Units# of Units for Sale# of Units Sold# of Units Rented# of Owner Occupied UnitsProject Primary OccupancyPrincipal ResidenceSecond Home or RecreationalTenant
Is the developer/builder in control of the Homeowners' Association (HOA)?YesNoManagement Group -Homeowners' AssociationDeveloperManagement Agent - Provide name of management company.
Does any single entity (the same individual, investor group, corporation, etc.) own more than 10% of the total units in the project?YesNoIf Yes, DescribeWas the project created by the conversion of existing building(s) into a condominium?YesNoIf Yes, describe the original use and date of conversion.
Are the units, common elements, and recreation facilities complete (including any planned rehabilitation for a condominium conversion)?YesNoIf No, describeIs there any commercial space in the project?YesNoIf Yes, describe and indicate the overall percentage of the commercial space.
Freddie Mac Form 465 March 2005UAD Version 9/2011Page 1 of 6Fannie Mae Form 1073 March 2005
10M228DJThe subject project appears average+ quality and condition to market.
The subject project appears average+ quality and condition to market.Landscaping and driveway.
Landscaping and driveway.Project budget is not available to review and analyze.
Project budget is not available to review and analyze.
| 200 | 2,400.00 | 1.24 |
1st floor
| 1st floor | ||||
| 3 | ||||
| FAU | GAS | |||
wd,cpt,tile/avg+
| wd,cpt,tile/avg+ | |||
| drywall/avg+ | |||
| wood/avg+ | |||
| tile/avg+ | |||
| wood/avg+ | |||
| 0 | |||
| 0 | |||
| none | |||
| cover | |||
| none | none | ||
| 2 | ||||||||
| 6 | 3 | 3.1 | 1,943 |
Wood flooring, granite countertop in kitchen, updated bathrooms, tankless water heater, missing
| Wood flooring, granite countertop in kitchen, updated bathrooms, tankless water heater, missing | |||||
| smoke & carbon monoxide detectors. | |||||
| C3;Kitchen-updated-six to ten years | |||||
| ago;Bathrooms-updated-six to ten years ago;Subject conforms to the neighborhood with avg+ overall maintenance level. | |||||
Realist
RealistRealist
RealistRealist
| Realist | |
| 10/01/2021 | |
Realist
| Realist | |
| 10/01/2021 | |
Realist
| Realist | |
| 10/01/2021 | |
Realist
| Realist | |||||
| 10/01/2021 | |||||
| There was no prior sale or transfer of the subject property for the three | |||||
| years prior to the effective date of this appraisal. | |||||
Form 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report
File #
PROJECT INFORMATION
PROJECT ANALYSIS
UNIT DESCRIPTION
PRIOR SALE HISTORY
Describe the condition of the project and quality of construction.Describe the common elements and recreational facilities.Are any common elements leased to or by the Homeowners' Association?YesNoIf Yes, describe the rental terms and options.Is the project subject to a ground rent?YesNoIf Yes, $per year (describe terms and conditions)Are the parking facilities adequate for the project size and type?YesNoIf No, describe and comment on the effect on value and marketability.Ididdid not analyze the condominium project budget for the current year. Explain the results of the analysis of the budget (adequacy of fees, reserves, etc.), or whythe analysis was not performed.Are there any other fees (other than regular HOA charges) for the use of the project facilities?YesNoIf Yes, report the charges and describe.Compared to other competitive projects of similar quality and design, the subject unit charge appearsHighAverageLowIf High or Low, describeAre there any special or unusual characteristics of the project (based on the condominium documents, HOA meetings, or other information) known to the appraiser?YesNoIf Yes, describe and explain the effect on value and marketability.Unit Charge $per month X 12 = $per yearAnnual assessment charge per year per square feet of gross living area = $Utilities included in the unit monthly assessmentNoneHeatAir ConditioningElectricityGasWaterSewerCableOther (describe)General DescriptionFloor ## of LevelsHeating TypeFuelCentral ACIndividual ACOther (describe)
Interiormaterials/conditionFloorsWallsTrim/FinishBath WainscotDoors
AmenitiesFireplace(s) #WoodStove(s) #Deck/PatioPorch/BalconyOther
AppliancesRefrigeratorRange/OvenDispMicrowaveDishwasherWasher/Dryer
Car StorageNoneGarageCoveredOpen# of Cars
AssignedOwnedParking Space #Finished areaabove
grade contains:
RoomsBedroomsBath(s)Square Feet of Gross Living Area Above Grade
Are the heating and cooling for the individual units separately metered?YesNoIf No, describe and comment on compatibility to other projects in the market area.
Additional features (special energy efficient items, etc.)Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.).
Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property?YesNoIf Yes, describe
Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)?YesNoIf No, describe
Ididdid not research the sale or transfer history of the subject property and comparable sales. If not, explain
My researchdiddid not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal.
Data source(s)My researchdiddid not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale.
Data source(s)
Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3).
ITEMSUBJECTCOMPARABLE SALE #1COMPARABLE SALE #2COMPARABLE SALE #3Date of Prior Sale/TransferPrice of Prior Sale/TransferData Source(s)Effective Date of Data Source(s)Analysis of prior sale or transfer history of the subject property and comparable sales.
Freddie Mac Form 465 March 2005UAD Version 9/2011Page 2 of 6Fannie Mae Form 1073 March 2005
10M228DJ
| 5 | 839,999 | 958,000 | |||||||
| 10 | 750,000 | 1,045,000 | |||||||
228 S San Marino Ave
| 228 S San Marino Ave | ||||
| A, San Gabriel, CA 91776 | ||||
| Kanaan Place HOA | ||||
| 1 | ||||
A;light traffic;
| A;light traffic; | |||||||
| Fee Simple | |||||||
| 200 | |||||||
| Landscaping | |||||||
| Driveway | |||||||
| 1st floor | |||||||
| B;Mtn; | |||||||
| RT3L;end unit | |||||||
| Q3 | |||||||
| 10 | |||||||
| C3 | |||||||
| 6 | 3 | 3.1 | |||||
| 1,943 | |||||||
| 0sf | |||||||
Average
| Average | ||||
| Fau/Cac | ||||
| None | ||||
| 2g;Owned | ||||
| Porch | ||||
| FIREPLACE | None | |||
153 Junipero Serra Dr
| 153 Junipero Serra Dr | ||||||||
| E, San Gabriel, CA 91776 | ||||||||
| Junipero Villa HOA | ||||||||
| 1 | ||||||||
| 0.16 miles NW | ||||||||
| 800,000 | ||||||||
| 408.16 | ||||||||
| CRMLS#AR21045009;DOM 2 | ||||||||
| realist/doc#50710000 | ||||||||
ArmLth
| ArmLth | ||||||||||||
| Conv;0 | ||||||||||||
| s03/21;c03/21 | +12,000 | |||||||||||
| A;light traffic; | ||||||||||||
| Fee Simple | ||||||||||||
| 192 | 0 | |||||||||||
| Landscaping | ||||||||||||
| Driveway | ||||||||||||
| 1st floor | ||||||||||||
| N;Res; | +5,000 | |||||||||||
| RT3L;inside unit | +10,000 | |||||||||||
| Q3 | ||||||||||||
| 13 | 0 | |||||||||||
| C3 | ||||||||||||
| 6 | 3 | 3.0 | +3,500 | ||||||
| 1,960 | -2,000 | ||||||||
| 0sf | |||||||||
Average
| Average | |||||
| Fau/Cac | |||||
| None | |||||
| 2g;Owned | |||||
| Porch | |||||
| 1 Fireplace | -5,000 | ||||
23,500
| 23,500 | |||
| 2.9 | |||
| 4.7 | 823,500 | ||
608 S Gladys Ave
| 608 S Gladys Ave | ||||||||
| D, San Gabriel, CA 91776 | ||||||||
| San Gabriel Mission Walk HOA | ||||||||
| 1 | ||||||||
| 0.78 miles SE | ||||||||
| 828,000 | ||||||||
| 405.88 | ||||||||
| CRMLS#WS21005226;DOM 15 | ||||||||
| realist/doc#307330 | ||||||||
ArmLth
| ArmLth | |||||||||||||||
| Conv;0 | |||||||||||||||
| s02/21;c01/21 | +17,000 | ||||||||||||||
| A;near railraod; | 0 | ||||||||||||||
| Fee Simple | |||||||||||||||
| 293 | 0 | ||||||||||||||
| Landscaping | |||||||||||||||
| Driveway | |||||||||||||||
| 1st floor | |||||||||||||||
| B;Mtn; | |||||||||||||||
| RT3L;end unit | |||||||||||||||
| Q3 | |||||||||||||||
| 5 | 0 | ||||||||||||||
| C2 | -23,000 | ||||||||||||||
| -7,000 | |||||||||||||||
| 7 | 4 | 3.1 | 0 | ||||||||||||
| 2,040 | -10,000 | ||||||||||||||
| 0sf | |||||||||||||||
Average
| Average | ||
| Fau/Cac | ||
| None | ||
| 2g;Owned | ||
| Porch | ||
| None | ||
-23,000
| -23,000 | ||
| 2.8 | ||
| 6.9 | 805,000 |
905 Santa Fe Ave
| 905 Santa Fe Ave | ||||||||
| C, San Gabriel, CA 91776 | ||||||||
| San Gabriel Mission Walk HOA | ||||||||
| 1 | ||||||||
| 0.80 miles SE | ||||||||
| 790,000 | ||||||||
| 456.65 | ||||||||
| CRMLS#CV21142566;DOM 23 | ||||||||
| realist/doc#1446503 | ||||||||
ArmLth
| ArmLth | |||||||||||||||||
| Conv;0 | |||||||||||||||||
| s09/21;c08/21 | |||||||||||||||||
| A;near railraod; | 0 | ||||||||||||||||
| Fee Simple | |||||||||||||||||
| 293 | 0 | ||||||||||||||||
| Landscaping | |||||||||||||||||
| Driveway | |||||||||||||||||
| 1st floor | |||||||||||||||||
| B;Mtn; | |||||||||||||||||
| RT3L;inside unit | +10,000 | ||||||||||||||||
| Q3 | |||||||||||||||||
| 6 | 0 | ||||||||||||||||
| C2 | -23,000 | ||||||||||||||||
| -7,000 | |||||||||||||||||
| 7 | 4 | 4.0 | -3,500 | ||||||||||||||
| 1,730 | +21,000 | ||||||||||||||||
| 0sf | |||||||||||||||||
Average
| Average | ||
| Fau/Cac | ||
| None | ||
| 2g;Owned | ||
| Porch | ||
| None | ||
-2,500
| -2,500 | |||||
| 0.3 | |||||
| 8.2 | 787,500 | ||||
| Please see attached addendum. | |||||
805,000
805,000
| 0 | 0 | 0 | ||||||
| The income approach was not applicable as properties in area are | ||||||||
| predominantly owner occupied, resulting in a lack of rental data. | ||||||||
805,000
| 805,000 | 0 | ||||
| The sales comparison approach considered the most reliable indicators as it reflects current market activities. The income approach was not | |||||
| applicable as properties in the area are predominantly owner occupied, resulting in lack of rental data. | |||||
No personal property value was
| No personal property value was | ||
| given. |
805,000
| 805,000 | 10/01/2021 |
Form 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report
File #
SALES COMPARISON APPROACH
INCOME
RECONCILIATION
There arecomparablepropertiescurrentlyofferedforsaleinthesubjectneighborhoodranginginpricefrom$to $.
There arecomparablesalesinthesubjectneighborhoodwithinthepasttwelvemonthsranginginsalepricefrom$to $.
FEATURESUBJECTCOMPARABLE SALE # 1COMPARABLE SALE # 2COMPARABLE SALE # 3Address andUnit #Project Name andPhaseProximity to SubjectSale Price$$$$Sale Price/Gross Liv. Area$sq. ft.$sq. ft.$sq. ft.$sq. ft.Data Source(s)Verification Source(s)VALUE ADJUSTMENTSDESCRIPTIONDESCRIPTION+(-) $ AdjustmentDESCRIPTION+(-) $ AdjustmentDESCRIPTION+(-) $ AdjustmentSales or FinancingConcessionsDate of Sale/TimeLocationLeasehold/Fee SimpleHOA Mo. AssessmentCommon Elementsand Rec. FacilitiesFloor LocationViewDesign (Style)Quality of ConstructionActual AgeConditionAbove GradeTotalBdrms.BathsTotalBdrms.BathsTotalBdrms.BathsTotalBdrms.Baths
Room CountGross Living Areasq. ft.sq. ft.sq. ft.sq. ft.Basement & FinishedRooms Below GradeFunctional UtilityHeating/CoolingEnergy Efficient ItemsGarage/CarportPorch/Patio/DeckNet Adjustment (Total)+-+-+-$$$Adjusted Sale Priceof Comparables$$$Net Adj.%Gross Adj.%
Net Adj.%Gross Adj.%
Net Adj.%Gross Adj.%Summary of Sales Comparison Approach
Indicated Value by Sales Comparison Approach $
INCOME APPROACH TO VALUE (not required by Fannie Mae)
Estimated Monthly Market Rent $X Gross Rent Multiplier= $Indicated Value by Income Approach
Summary of Income Approach (including support for market rent and GRM)
Indicated Value by: Sales Comparison Approach $Income Approach (if developed) $
This appraisal is made"as is",subjecttocompletionperplansandspecificationsonthebasisofahypotheticalconditionthattheimprovementshavebeencompleted,subjecttothefollowingrepairsoralterationsonthebasisofahypotheticalconditionthattherepairsoralterationshavebeencompleted,orsubject to thefollowingrequiredinspectionbasedontheextraordinaryassumptionthattheconditionordeficiencydoesnotrequirealterationorrepair:
Basedonacompletevisualinspectionoftheinteriorandexteriorareasofthesubjectproperty,definedscopeofwork,statementofassumptionsandlimitingconditions,andappraiser'scertification,my(our)opinionofthemarketvalue,asdefined,oftherealpropertythatisthesubjectofthisreportis$, as of,whichisthedateofinspectionandtheeffectivedateofthisappraisal.
Freddie Mac Form 465 March 2005UAD Version 9/2011Page 3 of 6Fannie Mae Form 1073 March 2005
10M228DJForm 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report
File #
Thisreportformisdesignedtoreportanappraisalofaunitinacondominiumprojectoracondominiumunitinaplannedunitdevelopment(PUD).Thisreportformisnotdesignedtoreportanappraisalofamanufacturedhomeoraunitinacooperative project.Thisappraisalreportissubjecttothefollowingscopeofwork,intendeduse,intendeduser,definitionofmarketvalue,statementofassumptionsandlimitingconditions,andcertifications.Modifications,additions,ordeletionstotheintendeduse,intendeduser,definitionofmarketvalue,orassumptionsandlimitingconditionsarenotpermitted.Theappraisermayexpandthescopeofworktoincludeanyadditionalresearchoranalysisnecessarybasedonthecomplexityofthisappraisalassignment.Modificationsordeletionstothecertificationsarealsonotpermitted.However,additionalcertificationsthatdonotconstitutematerialalterationstothisappraisalreport,suchasthoserequiredbylaworthoserelatedtotheappraiser'scontinuingeducationormembershipinanappraisalorganization,arepermitted.SCOPE OF WORK:
Thescopeofworkforthisappraisalisdefinedbythecomplexityofthisappraisalassignmentandthereportingrequirementsofthisappraisalreportform,includingthefollowingdefinitionofmarketvalue,statementofassumptionsandlimitingconditions,andcertifications.Theappraisermust,ataminimum:
(1)performacompletevisualinspectionoftheinteriorandexteriorareasofthesubjectunit,(2)inspectandanalyzethecondominiumproject,(3)inspecttheneighborhood,(4)inspecteachofthecomparablesalesfromatleastthestreet,(5)research,verify,andanalyzedatafromreliablepublicand/orprivatesources,and(6)reporthisorheranalysis,opinions,andconclusionsinthisappraisalreport.
INTENDED USE:
Theintendeduseofthisappraisalreportisforthelender/clienttoevaluatethepropertythatisthesubjectofthisappraisalforamortgagefinancetransaction.
INTENDED USER:
Theintendeduserofthisappraisalreportisthelender/client.
MARKET VALUE:
Themostprobablepricewhichapropertyshouldbringinacompetitiveandopenmarketunderallconditionsrequisitetoafairsale,thebuyerandseller,eachactingprudently,knowledgeablyandassumingthepriceisnotaffectedbyunduestimulus.Implicitinthisdefinitionistheconsummationofasaleasofaspecifieddateandthepassingoftitlefromsellertobuyerunderconditionswhereby:
(1)buyerandselleraretypicallymotivated;(2)bothpartiesarewellinformedorwelladvised,andeachactinginwhatheorsheconsidershisorherownbestinterest;(3)areasonabletimeisallowedforexposureintheopenmarket;(4)paymentismadeintermsofcashinU.S.dollarsorintermsoffinancialarrangementscomparablethereto;and(5)thepricerepresentsthenormalconsiderationforthepropertysoldunaffectedbyspecialorcreativefinancingorsalesconcessions*grantedbyanyoneassociatedwiththesale.*Adjustmentstothecomparablesmustbemadeforspecialorcreativefinancingorsalesconcessions.Noadjustmentsarenecessaryforthosecostswhicharenormallypaidbysellersasaresultoftraditionorlawinamarketarea;thesecostsarereadilyidentifiablesincethesellerpaysthesecostsinvirtuallyallsalestransactions.Specialorcreativefinancingadjustmentscanbemadetothecomparablepropertybycomparisonstofinancingtermsofferedbyathirdpartyinstitutionallenderthatisnotalreadyinvolvedinthepropertyortransaction.Anyadjustmentshouldnotbecalculatedonamechanicaldollarfordollarcostofthefinancingorconcessionbutthedollaramountofanyadjustmentshouldapproximatethemarket'sreactiontothefinancingorconcessionsbasedontheappraiser'sjudgment.
STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS:
Theappraiser'scertificationinthisreportissubjecttothefollowingassumptionsandlimitingconditions:
1.Theappraiserwillnotberesponsibleformattersofalegalnaturethataffecteitherthepropertybeingappraisedorthetitletoit,exceptforinformationthatheorshebecameawareofduringtheresearchinvolvedinperformingthisappraisal.Theappraiserassumesthatthetitleisgoodandmarketableandwillnotrenderanyopinionsaboutthetitle.2.Theappraiserhasprovidedasketchinthisappraisalreporttoshowtheapproximatedimensionsoftheimprovements.Thesketchisincludedonlytoassistthereaderinvisualizingthepropertyandunderstandingtheappraiser'sdeterminationof its size.3.TheappraiserhasexaminedtheavailablefloodmapsthatareprovidedbytheFederalEmergencyManagementAgency(orotherdatasources)andhasnotedinthisappraisalreportwhetheranyportionofthesubjectsiteislocatedinanidentifiedSpecialFloodHazardArea.Becausetheappraiserisnotasurveyor,heorshemakesnoguarantees,expressorimplied,regardingthisdetermination.4.Theappraiserwillnotgivetestimonyorappearincourtbecauseheorshemadeanappraisalofthepropertyinquestion,unlessspecificarrangementstodosohavebeenmadebeforehand,orasotherwiserequiredbylaw.5.Theappraiserhasnotedinthisappraisalreportanyadverseconditions(suchasneededrepairs,deterioration,thepresenceofhazardouswastes,toxicsubstances,etc.)observedduringtheinspectionofthesubjectpropertyorthatheorshebecameawareofduringtheresearchinvolvedinperformingthisappraisal.Unlessotherwisestatedinthisappraisalreport,theappraiserhasnoknowledgeofanyhiddenorunapparentphysicaldeficienciesoradverseconditionsoftheproperty(suchas,butnotlimitedto,neededrepairs,deterioration,thepresenceofhazardouswastes,toxicsubstances,adverseenvironmentalconditions,etc.)thatwouldmakethepropertylessvaluable,andhasassumedthattherearenosuchconditionsandmakesnoguaranteesorwarranties,expressorimplied.Theappraiserwillnotberesponsibleforanysuchconditionsthatdoexistorforanyengineeringortestingthatmightberequiredtodiscoverwhethersuchconditionsexist.Becausetheappraiserisnotanexpertinthefieldofenvironmentalhazards,thisappraisalreportmustnotbeconsideredasanenvironmentalassessmentoftheproperty.6.Theappraiserhasbasedhisorherappraisalreportandvaluationconclusionforanappraisalthatissubjecttosatisfactorycompletion,repairs,oralterationsontheassumptionthatthecompletion,repairs,oralterationsofthesubjectpropertywillbeperformedinaprofessionalmanner.
Freddie Mac Form 465 March 2005UAD Version 9/2011Page 4 of 6Fannie Mae Form 1073 March 2005
10M228DJForm 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report
File #APPRAISER'S CERTIFICATION:
TheAppraisercertifiesandagreesthat:
1.I
have,ataminimum,developedandreportedthisappraisalinaccordancewiththescopeofworkrequirementsstatedinthisappraisalreport.
2.I
performedacompletevisualinspectionoftheinteriorandexteriorareasofthesubjectproperty.Ireportedtheconditionoftheimprovementsinfactual,specificterms.Iidentifiedandreportedthephysicaldeficienciesthatcouldaffectthelivability,soundness,orstructuralintegrityoftheproperty.
3.I
performedthisappraisalinaccordancewiththerequirementsoftheUniformStandardsofProfessionalAppraisalPracticethatwereadoptedandpromulgatedbytheAppraisalStandardsBoardofTheAppraisalFoundationandthatwereinplaceatthetimethisappraisalreportwasprepared.
4.Idevelopedmy
opinionofthemarketvalueoftherealpropertythatisthesubjectofthisreportbasedonthesalescomparisonapproachtovalue.Ihaveadequatecomparablemarketdatatodevelopareliablesalescomparisonapproachforthisappraisalassignment.IfurthercertifythatIconsideredthecostandincomeapproachestovaluebutdidnotdevelopthem,unlessotherwiseindicatedinthisreport.
5.Iresearched,verified,
analyzed,andreportedonanycurrentagreementforsaleforthesubjectproperty,anyofferingforsaleofthesubjectpropertyinthetwelvemonthspriortotheeffectivedateofthisappraisal,andthepriorsalesofthesubjectpropertyforaminimumofthreeyearspriortotheeffectivedateofthisappraisal,unlessotherwiseindicatedinthisreport.
6.Iresearched,verified,
analyzed,andreportedonthepriorsalesofthecomparablesalesforaminimumofoneyearpriortothedateofsaleofthecomparablesale,unlessotherwiseindicatedinthisreport.
7.Iselected
andusedcomparablesalesthatarelocationally,physically,andfunctionallythemostsimilartothesubjectproperty.
8.I
havenotusedcomparablesalesthatweretheresultofcombiningalandsalewiththecontractpurchasepriceofahomethathasbeenbuiltorwillbebuiltontheland.
9.I
havereportedadjustmentstothecomparablesalesthatreflectthemarket'sreactiontothedifferencesbetweenthesubjectpropertyandthecomparablesales.10.Iverified,fromadisinterestedsource,allinformationinthisreportthatwasprovidedbypartieswhohaveafinancialinterestinthesaleorfinancingofthesubjectproperty.11.Ihaveknowledgeandexperienceinappraisingthistypeofpropertyinthismarketarea.12.Iamawareof,andhaveaccessto,thenecessaryandappropriatepublicandprivatedatasources,suchasmultiplelistingservices,taxassessmentrecords,publiclandrecordsandothersuchdatasourcesfortheareainwhichthepropertyislocated.13.Iobtainedtheinformation,estimates,andopinionsfurnishedbyotherpartiesandexpressedinthisappraisalreportfromreliablesourcesthatIbelievetobetrueandcorrect.14.Ihavetakenintoconsiderationthefactorsthathaveanimpactonvaluewithrespecttothesubjectneighborhood,subjectproperty,andtheproximityofthesubjectpropertytoadverseinfluencesinthedevelopmentofmyopinionofmarketvalue.Ihavenotedinthisappraisalreportanyadverseconditions(suchas,butnotlimitedto,neededrepairs,deterioration,thepresenceofhazardouswastes,toxicsubstances,adverseenvironmentalconditions,etc.)observedduringtheinspectionofthesubjectpropertyorthatIbecameawareofduringtheresearchinvolvedinperformingthisappraisal.Ihaveconsideredtheseadverseconditionsinmyanalysisofthepropertyvalue,andhavereportedontheeffectoftheconditionsonthevalueandmarketabilityofthesubjectproperty.15.Ihavenotknowinglywithheldanysignificantinformationfromthisappraisalreportand,tothebestofmyknowledge,allstatementsandinformationinthisappraisalreportaretrueandcorrect.16.Istatedinthisappraisalreportmyownpersonal,unbiased,andprofessionalanalysis,opinions,andconclusions,whicharesubjectonlytotheassumptionsandlimitingconditionsinthisappraisalreport.17.Ihavenopresentorprospectiveinterestinthepropertythatisthesubjectofthisreport,andIhavenopresentorprospectivepersonalinterestorbiaswithrespecttotheparticipantsinthetransaction.Ididnotbase,eitherpartiallyorcompletely,myanalysisand/oropinionofmarketvalueinthisappraisalreportontherace,color,religion,sex,age,maritalstatus,handicap,familialstatus,ornationaloriginofeithertheprospectiveownersoroccupantsofthesubjectpropertyorofthepresentownersoroccupantsofthepropertiesinthevicinityofthesubjectpropertyoronanyotherbasisprohibitedbylaw.18.Myemploymentand/orcompensationforperformingthisappraisaloranyfutureoranticipatedappraisalswasnotconditionedonanyagreementorunderstanding,writtenorotherwise,thatIwouldreport(orpresentanalysissupporting)apredeterminedspecificvalue,apredeterminedminimumvalue,arangeordirectioninvalue,avaluethatfavorsthecauseofanyparty,ortheattainmentofaspecificresultoroccurrenceofaspecificsubsequentevent(suchasapprovalofapendingmortgageloanapplication).19.Ipersonallypreparedallconclusionsandopinionsabouttherealestatethatweresetforthinthisappraisalreport.IfIreliedonsignificantrealpropertyappraisalassistancefromanyindividualorindividualsintheperformanceofthisappraisalorthepreparationofthisappraisalreport,Ihavenamedsuchindividual(s)anddisclosedthespecifictasksperformedinthisappraisalreport.Icertifythatanyindividualsonamedisqualifiedtoperformthetasks.Ihavenotauthorizedanyonetomakeachangetoanyiteminthisappraisalreport;therefore,anychangemadetothisappraisalisunauthorizedandIwilltakenoresponsibilityforit.20.Iidentifiedthelender/clientinthisappraisalreportwhoistheindividual,organization,oragentfortheorganizationthatordered and will receive this appraisal report.
Freddie Mac Form 465 March 2005UAD Version 9/2011Page 5 of 6Fannie Mae Form 1073 March 2005
10M228DJJames Jiang
James JiangCaltop Appraisal
| Caltop Appraisal | ||
| 1137 Pebblewood Drive | ||
| Diamond Bar, CA 91765 | ||
(626)321-7082
| (626)321-7082 | ||||
| caltopappraisal@yahoo.com | ||||
| 11/01/2021 | ||||
10/01/2021
| 10/01/2021 | ||
| AR021471 | ||
CA
CA06/04/2022
06/04/2022228 S San Marino Ave
| 228 S San Marino Ave | |||
| A, San Gabriel, CA 91776 | |||
| 805,000 | |||
No AMC
| No AMC | ||
| China Fisheries North America Inc. |
228 S San Marino Ave #A, San Gabriel, CA
| 228 S San Marino Ave #A, San Gabriel, CA | |
| 91776 | |
Form 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report
File #21.Thelender/clientmaydiscloseordistributethisappraisalreportto:theborrower;anotherlenderattherequestoftheborrower;themortgageeoritssuccessorsandassigns;mortgageinsurers;governmentsponsoredenterprises;othersecondarymarketparticipants;datacollectionorreportingservices;professionalappraisalorganizations;anydepartment,agency,orinstrumentalityoftheUnitedStates;andanystate,theDistrictofColumbia,orotherjurisdictions;withouthavingtoobtaintheappraiser'sorsupervisoryappraiser's(ifapplicable)consent.Suchconsentmustbeobtainedbeforethisappraisalreportmaybedisclosedordistributedtoanyotherparty(including,butnotlimitedto,thepublicthroughadvertising,publicrelations,news,sales,orothermedia).
22.Iamawarethatanydisclosureordistributionofthisappraisalreportbymeorthelender/clientmaybesubjecttocertainlawsandregulations.Further,IamalsosubjecttotheprovisionsoftheUniformStandardsofProfessionalAppraisalPracticethatpertaintodisclosureordistributionbyme.
23.Theborrower,anotherlenderattherequestoftheborrower,themortgageeoritssuccessorsandassigns,mortgageinsurers,governmentsponsoredenterprises,andothersecondarymarketparticipantsmayrelyonthisappraisalreportaspartofanymortgagefinancetransactionthatinvolvesanyoneormoreoftheseparties.24.Ifthisappraisalreportwastransmittedasan"electronicrecord"containingmy"electronicsignature,"asthosetermsaredefinedinapplicablefederaland/orstatelaws(excludingaudioandvideorecordings),orafacsimiletransmissionofthisappraisalreportcontainingacopyorrepresentationofmysignature,theappraisalreportshallbeaseffective,enforceableandvalidasifapaperversionofthisappraisalreportweredeliveredcontainingmyoriginalhandwrittensignature.
25.Anyintentionalornegligentmisrepresentation(s)containedinthisappraisalreportmayresultincivilliabilityand/orcriminalpenaltiesincluding,butnotlimitedto,fineorimprisonmentorbothundertheprovisionsofTitle18,UnitedStatesCode,Section1001,etseq.,orsimilarstatelaws.
SUPERVISORY APPRAISER'S CERTIFICATION:
TheSupervisoryAppraisercertifiesandagreesthat:
1.Idirectly
supervisedtheappraiserforthisappraisalassignment,havereadtheappraisalreport,andagreewiththeappraiser'sanalysis,opinions,statements,conclusions,andtheappraiser'scertification.
2.Iaccept
fullresponsibilityforthecontentsofthisappraisalreportincluding,butnotlimitedto,theappraiser'sanalysis,opinions,statements,conclusions,andtheappraiser'scertification.
3.Theappraiseridentifiedinthisappraisalreportiseitherasub-contractororanemployeeofthesupervisoryappraiser(ortheappraisalfirm),isqualifiedtoperformthisappraisal,andisacceptabletoperformthisappraisalundertheapplicablestatelaw.
4.This
appraisalreportcomplieswiththeUniformStandardsofProfessionalAppraisalPracticethatwereadoptedandpromulgatedbytheAppraisalStandardsBoardofTheAppraisalFoundationandthatwereinplaceatthetimethisappraisalreportwasprepared.
5.Ifthis
appraisalreportwastransmittedasan"electronicrecord"containingmy"electronicsignature,"asthosetermsaredefinedinapplicablefederaland/orstatelaws(excludingaudioandvideorecordings),orafacsimiletransmissionofthisappraisalreportcontainingacopyorrepresentationofmysignature,theappraisalreportshallbeaseffective,enforceableandvalidasifapaperversionofthisappraisalreportweredeliveredcontainingmyoriginalhandwrittensignature.
APPRAISERSignature
Name
Company Name
Company Address
Telephone Number
Email Address
Date of Signature and Report
Effective Date of Appraisal
State Certification #
or State License #
or Other (describe)State #
State
Expiration Date of Certification or License
ADDRESS OF PROPERTY APPRAISED
APPRAISED VALUE OF SUBJECT PROPERTY $
LENDER/CLIENTName
Company Name
Company AddressEmail Address
SUPERVISORY APPRAISER (ONLY IF REQUIRED)Signature
Name
Company Name
Company Address
Telephone Number
Email Address
Date of Signature
State Certification #
or State License #
State
Expiration Date of Certification or License
SUBJECT PROPERTY
Did not inspect subject propertyDid inspect exterior of subject property from streetDate of Inspection
Did inspect interior and exterior of subject propertyDate of Inspection
COMPARABLE SALES
Did not inspect exterior of comparable sales from streetDid inspect exterior of comparable sales from streetDate of Inspection
Freddie Mac Form 465 March 2005UAD Version 9/2011Page 6 of 6Fannie Mae Form 1073 March 2005
Comp#1 has similar room counts as subject. Comps#2 & #3 are adjusted for one more bedroom. All comps utilized are bestavailable and in correlation of final market value. The adjusted sale price of closed comparable sales ranges from $787,500 to$823,500 and the indicated fair market value of subject is $805,000 which is within the adjusted price range.significant adjustments:
gross living area: $100 per square foot(rounded to the nearest $1,000)bedroom: $7,000bathroom: $7,000fireplace: $5,000Adjustment amounts are based on historical paired sales analysis and extraction from market reaction.The intended user of this appraisal report is the client. The intended use is to evaluate the property that is the subject of thisappraisal for a private use, subject to the stated scope of work, purpose of the appraisal, reporting requirements of thisappraisal report form, and the definition of market value. No additional intended users are identified by the appraiser.I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this reportwithin the three year period immediately preceding acceptance of this assignment.A reasonable exposure time for the subject property developed independently from the stated marketing time is 30 days.No condo cert was provided and reviewed and no information on any pending litigation in the HOA. The number of units rentedin the HOA is estimated.FIRREA Certification Statement: The appraiser certifies and agrees that this appraisal report was prepared in accordance withthe requirements of Title XI of the Financial Institutions, Reform, Recovery, and Enforcement Act (FIRREA) of 1989, asamended (12 U.S.C. 3331 et seq.), and any applicable implementing regulations in effect at the time the appraiser signs theappraisal certification.The sales comparison approach is considered the most reliable indicator as it reflects current market activities. Costappraoch is not applicable for condo properties. The income approach was not applicable as condo properties in thearea are predominantly owner occupied, resulting in lack of rental data and this appraoch is not required by FannieMae.
Supplemental Addendum
Supplemental AddendumForm TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE10M228DJ
| 10M228DJ | |||||||||||
| China Fisheries North America Inc. | |||||||||||
| 228 S San Marino Ave | |||||||||||
| San Gabriel | Los Angeles | CA | 91776 | ||||||||
| China Fisheries North America Inc. | |||||||||||
Borrower
BorrowerLender/Client
Property AddressCityCountyStateZip CodeFile No.
Form PICPIX.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODESubject Photo Page
Subject Photo PageChina Fisheries North America Inc.
| China Fisheries North America Inc. | |||||||||
| 228 S San Marino Ave | |||||||||
| San Gabriel | Los Angeles | CA | 91776 | ||||||
| China Fisheries North America Inc. | |||||||||
Subject Front
Subject FrontSales Price
| Sales Price | |||||||
| Gross Living Area | |||||||
| Total Rooms | |||||||
| Total Bedrooms | |||||||
| Total Bathrooms | |||||||
| Location | |||||||
| View | |||||||
| Site | |||||||
| Quality | |||||||
| Age | |||||||
228 S San Marino Ave
228 S San Marino Ave1,943
| 1,943 | |||||
| 6 | |||||
| 3 | |||||
| 3.1 | |||||
| A;light traffic; | |||||
| B;Mtn; | |||||
| TYPICAL | |||||
| Q3 | |||||
| 10 | |||||
Subject Rear
Subject RearSubject Street
Subject StreetBorrower
BorrowerLender/Client
Property AddressCityCountyStateZip Code
Form GPICPIX - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODEPhotograph Addendum
Photograph AddendumChina Fisheries North America Inc.
| China Fisheries North America Inc. | |||||||||
| 228 S San Marino Ave | |||||||||
| San Gabriel | Los Angeles | CA | 91776 | ||||||
| China Fisheries North America Inc. | |||||||||
Living Room
Living RoomKitchen
KitchenDining Area
Dining AreaBorrower
BorrowerLender/Client
Property AddressCityCountyStateZip Code
Form GPICPIX - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODEPhotograph Addendum
Photograph AddendumChina Fisheries North America Inc.
| China Fisheries North America Inc. | |||||||||
| 228 S San Marino Ave | |||||||||
| San Gabriel | Los Angeles | CA | 91776 | ||||||
| China Fisheries North America Inc. | |||||||||
Loft
LoftDen
DenBathroom
BathroomBorrower
BorrowerLender/Client
Property AddressCityCountyStateZip Code
Form GPICPIX - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODEPhotograph Addendum
Photograph AddendumChina Fisheries North America Inc.
| China Fisheries North America Inc. | |||||||||
| 228 S San Marino Ave | |||||||||
| San Gabriel | Los Angeles | CA | 91776 | ||||||
| China Fisheries North America Inc. | |||||||||
Bathroom
BathroomBathroom
Bathroom1/2 Bathroom
1/2 BathroomBorrower
BorrowerLender/Client
Property AddressCityCountyStateZip Code
Form GPICPIX - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODEPhotograph Addendum
Photograph AddendumChina Fisheries North America Inc.
| China Fisheries North America Inc. | |||||||||
| 228 S San Marino Ave | |||||||||
| San Gabriel | Los Angeles | CA | 91776 | ||||||
| China Fisheries North America Inc. | |||||||||
Bedroom
BedroomBedroom
BedroomBedroom
BedroomBorrower
BorrowerLender/Client
Property AddressCityCountyStateZip Code
Form GPICPIX - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODEPhotograph Addendum
Photograph AddendumChina Fisheries North America Inc.
| China Fisheries North America Inc. | |||||||||
| 228 S San Marino Ave | |||||||||
| San Gabriel | Los Angeles | CA | 91776 | ||||||
| China Fisheries North America Inc. | |||||||||
Tankless water heater
Tankless water heaterMissing smoke & carbon monoxide detectors
Missing smoke & carbon monoxide detectorsInterior of garage
Interior of garageBorrower
BorrowerLender/Client
Property AddressCityCountyStateZip Code
Form GPICPIX - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODEPhotograph Addendum
Photograph AddendumChina Fisheries North America Inc.
| China Fisheries North America Inc. | |||||||||
| 228 S San Marino Ave | |||||||||
| San Gabriel | Los Angeles | CA | 91776 | ||||||
| China Fisheries North America Inc. | |||||||||
View of hills
View of hillsBorrower
BorrowerLender/Client
Property AddressCityCountyStateZip Code
Form PICPIX.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODEComparable Photo Page
Comparable Photo PageChina Fisheries North America Inc.
| China Fisheries North America Inc. | |||||||||
| 228 S San Marino Ave | |||||||||
| San Gabriel | Los Angeles | CA | 91776 | ||||||
| China Fisheries North America Inc. | |||||||||
Comparable
| Comparable | 1 |
Prox. to Subject
| Prox. to Subject | |||||||
| Sale Price | |||||||
| Gross Living Area | |||||||
| Total Rooms | |||||||
| Total Bedrooms | |||||||
| Total Bathrooms | |||||||
| Location | |||||||
| View | |||||||
| Site | |||||||
| Quality | |||||||
| Age | |||||||
153 Junipero Serra Dr
| 153 Junipero Serra Dr | |||||||||
| 0.16 miles NW | |||||||||
| 800,000 | |||||||||
| 1,960 | |||||||||
| 6 | |||||||||
| 3 | |||||||||
| 3.0 | |||||||||
| A;light traffic; | |||||||||
| N;Res; | |||||||||
| TYPICAL | |||||||||
| Q3 | |||||||||
| 13 | |||||||||
Comparable
| Comparable | 2 |
Prox. to Subject
| Prox. to Subject | |||||||
| Sale Price | |||||||
| Gross Living Area | |||||||
| Total Rooms | |||||||
| Total Bedrooms | |||||||
| Total Bathrooms | |||||||
| Location | |||||||
| View | |||||||
| Site | |||||||
| Quality | |||||||
| Age | |||||||
608 S Gladys Ave
| 608 S Gladys Ave | ||||||||
| 0.78 miles SE | ||||||||
| 828,000 | ||||||||
| 2,040 | ||||||||
| 7 | ||||||||
| 4 | ||||||||
| 3.1 | ||||||||
| A;near railraod; | ||||||||
| B;Mtn; | ||||||||
| TYPICAL | ||||||||
| Q3 | ||||||||
| 5 | ||||||||
Comparable
| Comparable | 3 |
Prox. to Subject
| Prox. to Subject | |||||||
| Sale Price | |||||||
| Gross Living Area | |||||||
| Total Rooms | |||||||
| Total Bedrooms | |||||||
| Total Bathrooms | |||||||
| Location | |||||||
| View | |||||||
| Site | |||||||
| Quality | |||||||
| Age | |||||||
905 Santa Fe Ave
| 905 Santa Fe Ave | ||||||||
| 0.80 miles SE | ||||||||
| 790,000 | ||||||||
| 1,730 | ||||||||
| 7 | ||||||||
| 4 | ||||||||
| 4.0 | ||||||||
| A;near railraod; | ||||||||
| B;Mtn; | ||||||||
| TYPICAL | ||||||||
| Q3 | ||||||||
| 6 | ||||||||
Borrower
BorrowerLender/Client
Property AddressCityCountyStateZip Code
Form SKT.BLDSKI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODEBuilding Sketch
Building SketchChina Fisheries North America Inc.
| China Fisheries North America Inc. | |||||||||
| 228 S San Marino Ave | |||||||||
| San Gabriel | Los Angeles | CA | 91776 | ||||||
| China Fisheries North America Inc. | |||||||||
Borrower
BorrowerLender/Client
2 Car Garage[441 Sq ft]21'
21'21'
1st floor[710 Sq ft]
12.5'
10'
2.5'
21.5'
40'
10.5'
25'21'
2nd floor[830 Sq ft]
28'13'5'23'
23'
21'9'7'9'
8'
3rd floor[402.5 Sq ft]
7'
3.5'
21'
17.5'
21'9'7'
5'Living Room
KitchenDining Area
Master Bedroom
BathroomLoftLaundryBedroom
Bedroom
Bathroom
Bathroom1/2 Bathroom
*** Building sketch is not darwn to scale.All measurements are approximate.Den
TOTAL Sketch by a la mode, inc.
Area Calculations SummaryLiving AreaCalculation Details1st floor710 Sq ft
12.5 × 10
= 125
15 × 11 = 165
10.5 × 40
= 4202nd floor830 Sq ft
23 × 21 = 483
8 × 9 = 72
15 × 14 = 210
13 × 5 = 653rd floor
402.5 Sq ft
17.5 × 21
=
367.5
5 × 7 = 35Total Living Area (Rounded):
1943 Sq ftNon-living Area2 Car Garage441 Sq ft
21 × 21 = 441
Property AddressCityCountyStateZip Code
Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODELocation Map
Location MapChina Fisheries North America Inc.
| China Fisheries North America Inc. | |||||||||
| 228 S San Marino Ave | |||||||||
| San Gabriel | Los Angeles | CA | 91776 | ||||||
| China Fisheries North America Inc. | |||||||||
Borrower
BorrowerLender/Client
Property AddressCityCountyStateZip Code
Plat MapForm SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Appraisal LicenseForm SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
E & O InsuranceForm SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
10M228DJForm UADDEFINE - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM(Source: Fannie Mae UAD Appendix D: UAD Field-Specific Standardization Requirements)Condition Ratings and DefinitionsC1The improvements have been very recently constructed and have not previously been occupied. The entire structure and all components are newand the dwelling features no physical depreciation.**Note: Newly constructed improvements that feature recycled materials and/or components can be considered new dwellings provided that thedwelling is placed on a 100% new foundation and the recycled materials and the recycled components have been rehabilitated/re-manufacturedinto like-new condition. Recently constructed improvements that have not been previously occupied are not considered “new” if they have anysignificant physical depreciation (i.e., newly constructed dwellings that have been vacant for an extended period of time without adequatemaintenance or upkeep).C2The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs. Virtually all building componentsare new or have been recently repaired, refinished, or rehabilitated. All outdated components and finishes have been updated and/or replacedwith components that meet current standards. Dwellings in this category either are almost new or have been recently completely renovated andare similar in condition to new construction.C3The improvements are well maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not everymajor building component, may be updated or recently rehabilitated. The structure has been well maintained.C4The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has beenadequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major buildingcomponents have been adequately maintained and are functionally adequate.C5The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs,rehabilitation, or updating. The functional utility and overall livability is somewhat diminished due to condition, but the dwelling remainsuseable and functional as a residence.C6The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety,soundness, or structural integrity of the improvements. The improvements are in need of substantial repairs and rehabilitation, including manyor most major components.
Quality Ratings and DefinitionsQ1Dwellings with this quality rating are usually unique structures that are individually designed by an architect for a specified user. Suchresidences typically are constructed from detailed architectural plans and specifications and feature an exceptionally high level of workmanshipand exceptionally high-grade materials throughout the interior and exterior of the structure. The design features exceptionally high-qualityexterior refinements and ornamentation, and exceptionally high-quality interior refinements. The workmanship, materials, and finishesthroughout the dwelling are of exceptionally high quality.Q2Dwellings with this quality rating are often custom designed for construction on an individual property owner’s site. However, dwellings inthis quality grade are also found in high-quality tract developments featuring residence constructed from individual plans or from highlymodified or upgraded plans. The design features detailed, high quality exterior ornamentation, high-quality interior refinements, and detail. Theworkmanship, materials, and finishes throughout the dwelling are generally of high or very high quality.Q3Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans in above-standardresidential tract developments or on an individual property owner’s site. The design includes significant exterior ornamentation and interiorsthat are well finished. The workmanship exceeds acceptable standards and many materials and finishes throughout the dwelling have beenupgraded from “stock” standards.Q4Dwellings with this quality rating meet or exceed the requirements of applicable building codes. Standard or modified standard building plansare utilized and the design includes adequate fenestration and some exterior ornamentation and interior refinements. Materials, workmanship,finish, and equipment are of stock or builder grade and may feature some upgrades.
UAD Version 9/2011
UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM(Source: Fannie Mae UAD Appendix D: UAD Field-Specific Standardization Requirements)
Quality Ratings and Definitions (continued)
Q5Dwellings with this quality rating feature economy of construction and basic functionality as main considerations. Such dwellings feature aplain design using readily available or basic floor plans featuring minimal fenestration and basic finishes with minimal exterior ornamentationand limited interior detail. These dwellings meet minimum building codes and are constructed with inexpensive, stock materialswith limited refinements and upgrades.Q6Dwellings with this quality rating are of basic quality and lower cost; some may not be suitable for year-round occupancy. Such dwellingsare often built with simple plans or without plans, often utilizing the lowest quality building materials. Such dwellings are often built orexpanded by persons who are professionally unskilled or possess only minimal construction skills. Electrical, plumbing, and other mechanicalsystems and equipment may be minimal or non-existent. Older dwellings may feature one or more substandard or non-conforming additionsto the original structure
Definitions of Not Updated, Updated, and RemodeledNot Updated
Little or no updating or modernization. This description includes, but is not limited to, new homes.Residential properties of fifteen years of age or less often reflect an original condition with no updating, if no majorcomponents have been replaced or updated. Those over fifteen years of age are also considered not updated if theappliances, fixtures, and finishes are predominantly dated. An area that is ‘Not Updated’ may still be well maintainedand fully functional, and this rating does not necessarily imply deferred maintenance or physical/functional deterioration.Updated
The area of the home has been modified to meet current market expectations. These modificationsare limited in terms of both scope and cost.An updated area of the home should have an improved look and feel, or functional utility. Changes that constituteupdates include refurbishment and/or replacing components to meet existing market expectations. Updates do notinclude significant alterations to the existing structure.Remodeled
Significant finish and/or structural changes have been made that increase utility and appeal throughcomplete replacement and/or expansion.A remodeled area reflects fundamental changes that include multiple alterations. These alterations may includesome or all of the following: replacement of a major component (cabinet(s), bathtub, or bathroom tile), relocationof plumbing/gas fixtures/appliances, significant structural alterations (relocating walls, and/or the addition of)square footage). This would include a complete gutting and rebuild.
Explanation of Bathroom Count
Three-quarter baths are counted as a full bath in all cases. Quarter baths (baths that feature only a toilet) are notincluded in the bathroom count. The number of full and half baths is reported by separating the two values using aperiod, where the full bath count is represented to the left of the period and the half bath count is represented to theright of the period.Example:
3.2 indicates three full baths and two half baths.
UAD Version 9/2011
UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM(Source: Fannie Mae UAD Appendix D: UAD Field-Specific Standardization Requirements)Abbreviations Used in Data Standardization TextAbbreviationFull NameFields Where This Abbreviation May AppearacAcresArea, Site
AdjPrkAdjacent to ParkLocation
AdjPwrAdjacent to Power LinesLocationAAdverseLocation & ViewArmLthArms Length SaleSale or Financing ConcessionsbaBathroom(s)Basement & Finished Rooms Below GradebrBedroomBasement & Finished Rooms Below Grade
BBeneficialLocation & ViewCashCashSale or Financing ConcessionsCtySkyCity View Skyline ViewViewCtyStrCity Street ViewView
CommCommercial InfluenceLocationcContracted DateDate of Sale/TimeConvConventionalSale or Financing ConcessionsCrtOrdCourt Ordered SaleSale or Financing ConcessionsDOMDays On MarketData SourceseExpiration DateDate of Sale/TimeEstateEstate SaleSale or Financing ConcessionsFHAFederal Housing AuthoritySale or Financing ConcessionsGlfCseGolf CourseLocationGlfvwGolf Course ViewViewIndIndustrialLocation & ViewinInterior Only StairsBasement & Finished Rooms Below GradeLndflLandfillLocationLtdSghtLimited SightViewListingListingSale or Financing ConcessionsMtnMountain ViewViewNNeutralLocation & ViewNonArmNon-Arms Length SaleSale or Financing ConcessionsBsyRdBusy RoadLocationoOtherBasement & Finished Rooms Below GradePrkPark ViewViewPstrlPastoral ViewViewPwrLnPower LinesViewPubTrnPublic TransportationLocationrrRecreational (Rec) RoomBasement & Finished Rooms Below GradeReloRelocation SaleSale or Financing ConcessionsREOREO SaleSale or Financing ConcessionsResResidentialLocation & ViewRHUSDA - Rural HousingSale or Financing ConcessionssSettlement DateDate of Sale/TimeShortShort SaleSale or Financing ConcessionssfSquare FeetArea, Site, BasementsqmSquare MetersArea, SiteUnkUnknownDate of Sale/TimeVAVeterans AdministrationSale or Financing ConcessionswWithdrawn DateDate of Sale/TimewoWalk Out BasementBasement & Finished Rooms Below GradewuWalk Up BasementBasement & Finished Rooms Below GradeWtrFrWater FrontageLocation
WtrWater ViewView
WoodsWoods ViewView
Other Appraiser-Defined Abbreviations
AbbreviationFull NameFields Where This Abbreviation May Appear
UAD Version 9/2011