25J - AGMT APPRAISAL SVCS - Laserfiche WebLink

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Fee Proposal for RFP No. 18-082 for On -Call Right of Way Property Appraisal Services 3 2246 South Evergreen Street (Residential Full Take) Upon award of this assignment we would request a copy of the notice of decision to appraise sent out by the City and would then send out an owner notification letter, inviting the property owner to be present for an inspection of their property. This letter would be sent via regular mail and by certified mail (return receipt requested). We would schedule a time to meet the property owner at the property and be available to answer any questions they have about the appraisal process. We would ask them for any information they have that would be helpful In the valuation process. Often property owners have strong sense of what their property is worth, and many have data that they want us to consider. To develop an opinion of value for the subject as a full acquisition, we would value the property to Its highest and best use, as Improved. In the case of the subject, this is likely, as Improved to a single-family residence (SFR). We would, however, confirm that the property is not worth more as a redevelopment site. Assuming that the highest and best use is for continued use as an SFR, we would value the property using an improved sales comparison approach. Please note that per California Eminent Domain Law, project influence is not considered In valuing the subject. The sales comparison approach would Involve analyzing sales of comparable properties. Factors of comparison that are important are conditions of sale, financing terms, market conditions, location, access/exposure, land area, size of Improvements, number of bedrooms and bathrooms, quality and condition (age), and amenities such as landscaping, pool, etc. Our appraisal will be prepared in conformity with USPAP, the Caltrans Right of Way Manual, and the California Code of Civil Procedure. Our fee to prepare this full acquisition appraisal is $3,500, and our timing is four to six weeks from engagement and receiving a copy of the notice of decision to appraise. 25J-127