Skip to content

Land Appraisal

Source: MD/Land_Appraisal.md (extracted from JMS Inputs/Land Appraisal.pdf) Date: 2023 Appraised Value: $1,000,000 Pages: 1,160 lines of extracted text

Summary

  • Appraised value: $1,000,000
  • Date: 2023 (3+ years old as of deal date)
  • Property: 264 DP Road, Los Alamos, NM 87544
  • Lot: 1.12 acres / 48,921 sq ft
  • Building: 10,200 sq ft main + 2,128 sq ft residence + ancillary structures

Appraisal Age

A lender will require a current appraisal (within 12 months). The 2023 appraisal establishes a baseline but will need to be updated for financing.

Counter-Offer Consideration

Per MEMORY.md, plan is to counter RE at $900K (10% below asking). Justification: - Appraisal is 3+ years old - Market conditions in Los Alamos may or may not have appreciated - Need updated comps for negotiation

Full Detail

The full appraisal is extensive (1,160 lines). Contains: - Property description and legal description - Comparable sales analysis - Income approach (if applicable) - Cost approach - Site improvements and condition assessment

Refer to MD/Land_Appraisal.md for complete extracted content.

Referenced by