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Momentum
Appraisal Management Group, Inc.
12000 Starcrest, Ste. 109
San Antonio, TX 78247
Phone: (210) 490-9804 Fax: (210) 490-9817 www.momentumweb.com
Bill To
Customer Phone
Invoice
San Antonio Housing Authority
PO Box 1300
818 S. Flores
San Antonio, TX 78204
09a1051 J
Date
LO/Requestor
Terms
Due Date
Processor
9/12/2007
Pena
Net 15
9/27/2007
LL
Description
Conventional Residential Appraisal
Rate
350.00
Property Address:
426 Precious Drive
San Antonio, TX 78237
Reference:
Borrower: Maria Garcia
Requested by: Rachel Pena
For your convenience we accept both MasterCard and VISA . THANK YOU
We Appreciate Your Business!
Please Pay Promptly!
Tax ID # 26-0051510
E-mail
[email protected]
Total
Balance Due
$350.00
$350.00
Assembled and Delivered By
Appraisal Management Group
APPRAISAL OF REAL PROPERTY
LOCATED AT:
426 Precious Drive
San Antonio, Texas 78237
NCB 8251 BLK 3 LOT 7 Villas at Fortuna Subd
FOR:
San Antonio Housing Authority
Rachel Pena
818 S. Flores
San Antonio Texas 78204
BY:
Eric David Sather, CRA
09
A1
051
S
J
Digital Signatures: Any electronic signature contained in this document shall be deemed to have the same force and effect as the use of a manual signature. - CITE: 1997 TX S.B. 787
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
URAR (Page 1) for - 09A1051SJ
09A1051SJ
426 Precious Drive
San Antonio
David & Maria Garcia
N/A
NCB 8251 BLK 3 LOT 7 Villas at Fortuna Subd
082510030070
Villas at Fortuna
Texas
Bexar
2006
78237
2,528.56
615A3
1712.00
N/A
N/A
Determine Market Value
818 S. Flores, San Antonio Texas 78204
San Antonio Housing Authority
The local MLS & county tax records were the data sources. The subject is not currently listed for sale on
the SA-MLS. No previous listings noted in the past 12 months.
N/A
N/A
N/A
N/A
N/A
Culebra Rd to the north, Callaghan Rd to the west, Hwy 90 to the south, and IH-10 to the
25
0
100+
55+
35-50
60-80
east.
68.0
1.0
1.0
5.0
25.0
Vacant
The subject property is convenient to shopping, transportation, centers of employment and neighborhood conveniences. Proximity to
employment is favorable due to ready access via Loop 410, IH-35, IH-10, and other major thoroughfares which lead to San Antonio's business and employment
centers.
The west central area of the San Antonio Metropolitan area continues to be well received in regards
to residential market appeal. Currently, demand for housing in this area is good and is evident by the active new construction and resale market around the
subject neighborhood.
Not available from public records.
R-6
0.14 Acre (tax rcds)
Basically Rectangular
Single Family Residential
Residential
Asphalt
None
All Electric
X
480290437E
02-16-96
There were no apparent adverse easements or encroachments noted. However, a current title policy or professional land survey was unavailable for this
analysis.
One
N/A
N/A
Traditional
2000
3
N/A
Slab-Average
Brick/Hrdplnk-Average
CompShingle-Average
Adeq.O.H.
Alum Frame-Average
None
Cpt/Vnyl-Average
Drywall-Average
Wood-Average
Vinyl-Average
Fbrgls-Average
Yes-Average
One
Concrete
Electric
One
None
N/A
Vent hood
5
3
2.0
1,239
None noted.
There were no significant physical, functional, or external inadequacies noted for the subject property. NOTE: per conversation with the owner, mold and
possible foundation settlement issues were brought to the attention of the appraiser. No signs of mold or foundation settlement were readily observed at the
time of inspection. However, should a professional mold and/or foundation inspection determine the presences of mold and/or foundation issues, the appraiser
reserves the right to modify the value of the subject property.
There were no adverse environmental conditions noted on or near the subject site at the time of inspection.
The property conforms to the neighborhood standard.
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
URAR (Page 2) for - 09A1051SJ
09A1051SJ
12
6
$73,800
$72,496
426 Precious Drive
San Antonio, Texas 78237
466 Precious Drive
San Antonio, Texas
Subject street
114 Villa Arboles
San Antonio, Texas
+/- 17 Blocks NE.
1018 NW 27th St
San Antonio, Texas
+/- 16 Blocks NE.
74,000
74,000
5
Fireplace(s)
Fencing
Appl's
3
2.0
1239
78,000
58.31
Sales Broker/L.P.$74,000
MLS#638554
57.68
Sales Broker/L.P.$74,000
MLS#638558
60.80
Sales Broker/L.P.$78,000
MLS#638434
DOM 26
None noted
Conv DOM 56
Conv DOM 128
None noted
None noted
CD-4/18/07
CD-8/17/07
CD-8/21/07
Average
Fee Simple
0 Typical Lot
Average
Fee Simple
0 Typical Lot
Residential
1-Story/Trad
Average
+/- 7 Yrs
Average
FHA
Average
Fee Simple
Typical Lot
Residential
1-Story/Trad
Average
+/- 7 Yrs
Average
$78,000
$78,000
Average
Fee Simple
Typical Lot
Residential
1-Story/Trad
Average
+/- 7 Yrs
Average
Average
+/- 7 Yrs
Average
None
3
1269
None
Average
Central
Average
1-Car Garage
Average
Central
Average
1-Car Garage
Average
Central
Average
1-Car Garage
Average
Central
Average
1-Car Garage
C.Porch/None
None
C.Porch/None
C.Porch/None
C.Porch/None
None
Fencing
Standard Appl
None
Fencing
Standard Appl
None
Fencing
Standard Appls
Fencing
Standard Appls
5
Residential
1-Story/Trad
2.0
5
0
3
1283
None
2.0
5
0
+74,000
2.0
0
None
0
0.0%
0.0%
3
1283
0
0
0.0%
0.0%
+74,000
0
0.0%
0.0%
+78,000
MLS/County Appraisal District
MLS/County Appraisal District
10/2004
71,000
MLS/CAD/Owner
09/11/2007
None Noted.
None Noted.
MLS/CAD
09/11/2007
None Noted.
None Noted.
MLS/CAD
09/11/2007
None Noted.
None Noted.
MLS/CAD
09/11/2007
Per conversation with the owner, the subject was purchased 10/2004 for $71,000. No additional sales transactions were uncovered in the past 3 years for the
subject property.
All sales were considered in the Direct Sales Comparison Approach section of this appraisal with sales one and two given most weight due to the clustering of
value. Based on the above comparables used and other comparables analyzed in the subject subdivision, the appraiser could find no evidence that the
marketplace would adjust for the minor variances in either location or lot size. All of the sales used were located in the subject neighborhood and were the best
resales available.
74,000
74,000
0
N/A
The Direct Sales Comparison Approach was primary in the estimate of the final value conclusion. The Cost Approach was not applicable due to the lack of
accurate data available for development of the approach. The Income Approach was deemed not applicable as most homes in the area are owner occupied.
NOTE: No repairs required. No as repaired value noted.
74,000
09/11/2007
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
URAR (Page 3) for - 09A1051SJ
09A1051SJ
NOTE: per conversation with the owner, mold and possible foundation settlement issues were brought to the attention of the appraiser. No signs of mold or
foundation settlement were readily observed at the time of inspection. However, should a professional mold and/or foundation inspection determine the
presences of mold and/or foundation issues, the appraiser reserves the right to modify the value of the subject property.
N/A
N/A
N/A
N/A
N/A
0
The square footage figures derived for the property were calculated from the actual
measurements taken at the time of inspection are an ESTIMATE ONLY. This
estimate should NOT to be considered accurate for any other purposes. A
professional Engineer or Architect should be consulted for an accurate living area
measurement. The square footage estimate for the property is not guaranteed or
warranted & should not be used for any purpose other than within the context of this
specific estimate of value. Refer the addendum additional comments. - Estimated
economic remaining life: 52 years.
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
URAR (Page 4) for - 09A1051SJ
09A1051SJ
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
URAR (Page 5) for - 09A1051SJ
09A1051SJ
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
URAR (Page 6) for - 09A1051SJ
09A1051SJ
Jeffrey D. Thoms
Momentum Appraisal Group, Inc.
Eric David Sather, CRA
Momentum Appraisal Group, Inc.
12000 Starcrest, Suite 109
12000 Starcrest, Suite 109
San Antonio, Texas 78247
San Antonio, Texas 78247
(800) 577-2947 / (210) 490-9804
(800) 577-2947 / (210) 490-9804
[email protected]
[email protected]
09/14/2007
09/14/2007
09/11/2007
TX-1326192-R
TX-1329160-L
Texas
05/31/2008
Texas
1/31/2008
426 Precious Drive
San Antonio, Texas 78237
74,000
Rachel Pena
San Antonio Housing Authority
818 S. Flores
San Antonio Texas 78204
[email protected]
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
Subject Photo Page - 09A1051S
Borrower / Client:
N/A
Property Address:
426 Precious Drive
Lender:
San Antonio Housing Authority
Reference Numbers:
Subject Front
Subject Rear
Subject Street
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
Additional Subject Photo Page - 09A1051S
Borrower / Client:
N/A
Property Address:
426 Precious Drive
Lender:
San Antonio Housing Authority
Reference Numbers:
Additional Subject Photo 1
View of Right Side
Additional Subject Photo 2
View of Kitchen
Additional Subject Photo 3
View of Bath
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
Comparable Photo Page - 09A1051S
Borrower / Client:
N/A
Property Address:
426 Precious Drive
Lender:
San Antonio Housing Authority
Reference Numbers:
Comparable Property #1
466 Precious Drive
Comparable Property #2
114 Villa Arboles
Comparable Property #3
1018 NW 27th St
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
Subject Location / Comparable Sale Map - 09A1051S
Borrower / Client:
N/A
Property Address:
426 Precious Drive
Lender:
San Antonio Housing Authority
Reference Numbers:
Comparable Map
Comparable Sale #1:
466 Precious Drive
Comparable Sale #2:
114 Villa Arboles
Comparable Sale #3:
1018 NW 27th St
Comparable Sale #4:
Comparable Sale #5:
Comparable Sale #6:
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
SKETCH/AREA TABLE ADDENDUM
Case No
File No 09A1051S
Property Address 426 Precious Drive
City San Antonio
County Bexar
State Texas
Zip 78237
Borrower N/A
Lender/Client
L/C Address 818 S. Flores, San Antonio Texas 78204
San Antonio Housing Authority
Appraiser Name Eric David Sather, CRA
Appr Address 12000 Starcrest, Suite 109 San Antonio, Texas
32.2'
Bedroom
Main Bedroom
Bedroom
Main
Bath
55.5'
40.9'
Utility
Bath
Living Room
Kitchen
Dining Area
Entry
C.Porch
14.6'
20.7'
19.4'
1 Car
Garage
12.8'
Scale:
AREA CALCULATIONS SUMMARY
Code
Description
Size
GLA1
First Floor
Garage
1503.86
-264.96
1 = 12
LIVING AREA BREAKDOWN
Totals
Breakdown
Subtotals
First Floor
1238.90
12.8 x
19.4 x
55.5
40.9
710.40
793.46
12.8 x
20.7
-264.96
Garage
TOTAL LIVABLE
(rounded)
1239
APEX SOFTWARE 800-858-9958
3 Areas Total (rounded)
1239
Apx7100-w ApexII
APPRAISER QUALIFICATIONS AND CERTIFICATION
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817
APPRAISER QUALIFICATIONS AND CERTIFICATION
Eric David Sather, CRA - 12000 Starcrest, Suite 109 - San Antonio, Texas 78247 - Phone: (210) 490-9804 - (800) 577-2947 - Fax: (210) 490-9817