Circulo Garcia 1 Villa Lydia

Description

URAR: Neighborhood Boundaries and Characteristics The subject property is located at 1 Circulo Garcia Urb. Villa Lydia Development of the municipality of Aguadilla PR. It has many amenities at average car distance including schools, recreational. facilities, and basic commercial structures, occupied by basic retail stores such as: bakeries, gas station, hardware, etc. Government services, private and commercial, provide most employment opportunities. Employment opportunities compare to the others urban neighborhoods in the area. Public transportation is average in the area and most of the transportation is provided by private cars. Appeal to market is average. It is provided an adequate environment for property being appraised. GPS:18.44609132, -67.15362160 Site Comment This consists of a residential lot that has 1,276.44 sm of superficial area; level topography, regular shape, basic landscaping and apparently the drainage seems adequate. No apparent adverse easement, encroachment, nor condition, special assessments, slides areas etc..., which might affect the subject value; notice at the date of inspection. The subject site is NOT located in a FEMA identified "Flood Hazards Area", therefore insurance is not recommended. The natural and municipal drainage systems are considered adequate. The subject area is located at the Fem Map: 72000C0135J Effective Date: April 19, 2005. According to this, the subject property is outside the flood: Zone X (Zone X " Areas determined to be outside the 0.2% annual chance flood plain). URAR: Adverse Environmental Conditions No apparent adverse environmental condition observed. * The appraiser is NOT an expert in the identification of hazardous substances or detrimental condition, present or absence of hazards substances, defined as all hazardous or toxic materials, waste polluting or contaminant. Including but not limited to asbestos, PCB, UFFI, or any other raw material or chemical used in construction or otherwise present on the property. The appraiser assume not responsibility for studies or analysis which would be required to conclude the presence or absence of such substances or loss as result for the presence of such substances. The client is urged to retain an expert in this field if desired, however the personal surface site inspection. by the appraiser did not indicate the presence of hazardous materials or contaminant. URAR: Additional Features The subject is a concrete construction structure that has a total gross living area of 3,121 squared feet. As additional features it has porch,double garage, terraces, storage,entrance,patio, gym, utility area balconies. and fence. The items mentioned in the "Additional Features" or "Description of Improvements" does not. necessarily warrant individual adjustment in Direct Sales Approach. These items were worthy of mention. as they do contribute to the overall cost of replacement and utility, so any adjustments required will be made in the respective categories. The appraiser is not an expert in the field of building construction and actual costs may vary from those. provided. Repair costs and opinions reported here are subject to future revisions based on new repairs estimates and evaluations by a licensed building contractor.