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A B C D E F G H

COMPARABLE  MARKET  ANALYSIS

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INDICATED VALUE BY SALES COMPARISON:  2216 NW FORK ROAD   6-MAR-2000
8 ITEM SUBJECT SALE #1 SALE #2 SALE #3
9 Seller HINES BYROM ML# 64273 TROWBRIDGE ML# 59890 ORLANDI ML# 58448
10 Subdivision NRS Sec 2 NRS Sec 1    NRS Sec 3A    NRS Sec 2   
11 Legal Lot 9 Blk 5 Lot 3 Blk 2    Lot 12 Blk 7    Lot 10 Blk 5   
12 Address 2216 Fork Rd 1926 Fork Rd    1799 River Tr    2226 Fork Rd     
13 Proximity to Subj Within 1/4 Mi Within 1/4 Mi Next Door
14 List Prc/Sale Prc    $285,000 $279,000 $339,000 $327,000 $389,900 $380,000
15 LandVal - County 147,000 140,000 97.9% List 140,250 96.5% List 119,000 97.5% List
16 Imprv Val -County 102,890 65,870      109,636      210,154     
17 Total Val - County $249,890 $205,870    $249,886    $329,154   
18 Sale Prc/ Liv Area $166.57    $137.28    $184.47
19 Data Source MLS,Pub Rec Insp MLS, Pub Rec MLS; Pub Rec MLS; Pub Rec
20 VALUE ADJUSTMENT

DESCRIPTION

DESCRIPTION

+(-)$Adjustment

DESCRIPTION

+(-)$Adjustment

DESCRIPTION

+(-)$Adjustment

21 Date Of Sale 15-Oct-99    5-Aug-99    26-Oct-98   
22 Age Of Sale, Mo. 12.9    15.3    24.7   
23 Financing Conv    Conv    Conv   
24 Construction CBS CBS    CBS    CBS   
25 Roof Asphfbgl Asphfbgl    Asphfbgl    Asphfbgl   
26 Year Built-County June-69 Jun-64    Jun-68    Jun-60     
27 Age, years 31.4 36.4 1,648 32.4 548 40.4 9,463
28 Condition Good Assum Eq    Assume Eq    Assume Eq    
29 Site / View Per County 7,000 Per County 6,750 County 21,250
30 Bedrooms 3 2 2,000 3    3    
31 Baths 2 3 (2,500) 2 3 (2,500)
32 A/C Living Area 2,344 1,675 24,500 2,382 (1,400) 2,060 10,400
33 Garage 2/AG 2/AG    2/AG    2/AG   
34 Family Room 20 x 18 No 2,000 21 x 15    26 x 11   
35 Pool/Spa/Encl/Htd Pool/Encl Pool/Encl    Pool/Encl    Pool/Encl   
36 Remodeling No No    No    Yes/544 SF (40,000)
37 Site Improvements Dock/Seawall Dock/S'wl    Dock/No S'wl 10,000 Dock/S'wl   
38 Net Adjustment

$34,648

$15,898 ($1,387)
39                                     
40 INDICATED VALUE OF SUBJECT $313,648      $342,898      $378,613
41

42

Adjusted Sale Price Of Comparable Sale

Total Adjustment 25% Allowed 14.2%      2.7%      11.5%
Net Adjustment 15% Allowed 12.4%     4.9%      (0.4%)
43
44

INDICATED VALUE BY SALES COMPARISON APPROACH  IS  $344,500

45   
46

Weight Given To Each Sale:

25      50    25
47 Adjusted Value Of Each Sale: $313,648    $342,898    $378,613
48

Weighted Value Of The Combined 3 Sales:   

$344,514

        


Comments On Sales Comparison

All sales are canal lots within 1 mile of the Subject. Sale #1is on same street as Subject. All sales weighted on basis of similarity of Total Adjustment, Sq. Ft. adjustment made on basis of $55/sf. Age adjustment made on basis of 1/2% improvement value per year. Lot adjustment is made on basis of Land Value per Martin County Tax Roll. Sale #3 is the property immediately adjacent to the Subject. The sale is over a year old - but no adjustment for age of sale is made because sales data indicates little or no appreciation/depreciation of North River Shore property in the last 2 years. Adjustment for the Addition to Sale #3 is made on the basis of $75/SF.
SUBJECT PROPERTY SOLD  1-Jun-99 FOR $338,000  --  Within 2% OF THE INDICATED SALES COMPARISON VALUE

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