| Date |
Text |
| 2020-03-02 09:51:22 | NFIP REVIEW = APPRAISAL |
| | |
| | ADDRESS: 103 ELWA PL PERMIT # 20020332 |
| | |
| | APPRAISAL TYPE = SINGLE FAMILY RESIDENTIAL |
| | |
| | VALUE METHODOLOGY = COST APPROACH |
| | |
| | APPRAISAL # 19351K1 APPRAISAL DATE = 06/15/2020 |
| | |
| | CODES IN EFFECT: |
| | 2017 FLORIDA BUILDING CODE, 6TH EDITION W/2017 WEST |
| | PALM BEACH AMENDMENTS TO THE FLORIDA BUILDING CODE, |
| | CHAPTER 1 ADMINISTRATION |
| | FBC RE = FLORIDA RESIDENTIAL CODE 6TH EDITION 2017 |
| | CITY OF WEST PALM BEACH ORDINANCE NO. 4729-17 |
| | FEMA P-758 SI/SD DESK REFERENCE |
| | THE UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL |
| | PRACTICE (USPAP) |
| | |
| | CHRISTOPHER S. THROOP, C.B.O. |
| | BUILDING PLANS EXAMINER, PX3169 |
| | 1&2 FAMILY PLANS EXAMINER, SFP306 |
| | CONSTRUCTION SERVICES DIVISION |
| | TEL: 561-805-6726 |
| | FAX: 561-805-6676 |
| | E-MAIL: [email protected] |
| | |
| | 2ND REVIEW |
| | |
| | RESULTS: DENIED |
| | |
| | YOUR SUBMITTAL IS DEFICIENT FOR THE REASONS LISTED |
| | BELOW. |
| | |
| | APPRAISAL PERFORMED IN ACCORDANCE WITH THE REQUIREMENTS |
| | OF THE UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL |
| | PRACTICE (USPAP). |
| | |
| | 1. LOCAL FLOODPLAIN MANAGER SHALL BE LISTED AS AN |
| | INTENDED USER. |
| | USPAP SR 2-2 (A) (II). |
| | |
| | NOTE: PLEASE REFERENCE PG. 6 OF 25 OF APPRAISAL FOR |
| | COMMENTS 2 THRU 7. |
| | |
| | 2. VALUE DEFINITION SOURCE CITED - COST APPROACH. |
| | |
| | IF ACV IS ESTIMATED PER FEMA P-758 SECTION 4.5.3 THEN |
| | THE NFIP ACTUAL CASH VALUE DEFINITION SHOULD BE CITED. |
| | USPAP SR 2-2 (A) (VI). |
| | |
| | 3. VALUE METHODOLOGY - COST APPROACH |
| | |
| | TOTAL COST NEW VALUE INCLUDES INDIRECT (SOFT) COST AND |
| | ENTREPRENEURIAL PROFIT. |
| | PROVIDE DOCUMENTATION SUPPORTING THE ADDITION OF THESE |
| | TWO COSTS. |
| | USPAP SR 1-1 (A), |
| | FEMA P-758 ACV - DEFINED PER SECTION 4.5.3 |
| | |
| | 4. REPLACEMENT COST ESTIMATE |
| | |
| | COST PER SQUARE FOOT HAS BEEN ESTABLISHED USING RS |
| | MEANS. PROVIDE SUPPORTING DOCUMENTATION. |
| | USPAP SR 2-2 (A) (X) (I). |
| | |
| | 5. CONTRACTOR SHALL SUBMIT A DETAILED COST ESTIMATE. |
| | |
| | VALUE - CITY OF W.P.B. CHPT. 1 - SECTION 109.3. |
| | |
| | 6. PHYSICAL DETERIORATION HAS BEEN ESTABLISHED AT |
| | 12.00%. |
| | |
| | PROVIDE LOGICAL ANAYLISIS FOR DEPRECIATION. |
| | USPAP SR 2-2 (A) (X) (I), FEMA P-758 & FEMA P-784 CD. |
| | |
| | 7. COST SOURCE - RS MEANS SQUARE FOOT COSTS - 2018, 1 |
| | STORY LUXURY ADJUSTED FOR PROXIMITY TO INTRACOASTAL. |
| | |
| | ACV DOES NOT CONSIDER LOSS IN VALUE SIMPLY DUE TO |
| | OUTMODED DESIGN OR LOCATION FACTORS. |
| | USPAP SR 2-2 (A) (X) (I), FEMA P-758 SECTION 4.5.3 |
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