| Date |
Text |
| 2020-02-10 16:28:09 | ADDRESS: 103 ELWA PL. MASTER PERMIT: 19060794 |
| | SUBMITTAL: 20020332 |
| | |
| | NFIP ? SI/SD APPRAISAL REVIEW |
| | |
| | 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 |
| | USPAP = UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL |
| | PRACTICE |
| | FEMA P-758 = SI/SD DESK REFERENCE |
| | |
| | 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] |
| | |
| | 1ST REVIEW |
| | |
| | TYPE OF APPRAISAL SUBMITTED: UNIFORM RESIDENTIAL |
| | APPRAISAL REPORT |
| | |
| | RESULTS: DENIED |
| | |
| | THE APPRAISAL SUBMITTED FOR REVIEW IS DEFICIENT FOR THE |
| | REASONS LISTED BELOW. |
| | ADDRESS THE ATTACHED COMMENTS AND RE-SUBMIT |
| | |
| | 1. REF. PG. 3 OF 6 USPAP SR 2-2 (A) (I) REQUIRES |
| | APPRAISERS TO REPORT THE APPRAISAL?S INTENDED USERS. |
| | THE INTENDED USER ON THE SUBMITTED APPRAISAL IS THE |
| | LENDER/CLIENT. NFIP REQUIRES THE CLIENT AND FLOODPLAIN |
| | MANAGER TO BE LISTED AS INTENDED USERS. |
| | |
| | 2. REF. PG. 1 OF 6 USPAP SR 2-2 (A) (II) REQUIRES |
| | APPRAISERS TO REPORT THE APPRAISAL?S INTENDED USE. THE |
| | INTENDED USE OF THE SUBMITTED APPRAISAL IS TO ESTABLISH |
| | MARKET VALUE FOR A RESIDENTIAL MORTGAGE. NFIP REQUIRES |
| | APPRAISALS TO SUPPORT A BUILDING PERMIT APPLICATION |
| | SUBJECT TO SIGNIFICANT IMPROVEMENT/SIGNIFICANT DAMAGE |
| | DETERMINATION UNDER NFIP REGULATIONS. |
| | |
| | 3. REF. PG. 3 OF 6 USPAP SR 2-2 (A) (V) REQUIRES |
| | APPRAISERS TO STATE TYPE AND DEFINITION OF VALUE AND |
| | CITE THE SOURCE OF THE DEFINITION. INDICATED VALUE BY |
| | COST APPROACH ON APPRAISAL IS $ 0.00. |
| | |
| | 4. REF. APPRAISALS ATTACHED PHOTOS USPAP SR 2-1 (A) |
| | REQUIRES APPRAISERS TO CLEARLY AND ACCURATELY SET FORTH |
| | THE APPRAISAL IN A MANNER THAT IS NOT MISLEADING. |
| | ATTACHED PHOTOS ARE BLACK AND WHITE PHOTOCOPIES WITH NO |
| | DEFINITION OR CLARITY. |
| | |
| | 5. USPAP SR 1-1 (A) REQUIRES APPRAISERS TO APPLY A |
| | METHODOLOGY CONSISTENT WITH THE INTENDED USE. THE |
| | SUBMITTED UNIFORM RESIDENTIAL APPRAISAL REPORT IS |
| | INTENDED TO ESTABLISH MARKET VALUE FOR A REAL ESTATE |
| | TRANSACTION. THE INTENDED USE OF A 50% FEMA RULE |
| | APPRAISAL IS TO CALCULATE THE DEPRECIATED ACTUAL CASH |
| | VALUE PER NFIP REQUIREMENTS. |
| | |
| | 6. USPAP SR 1-1 (A) REQUIRES APPRAISERS TO PROVIDE A |
| | REPLACEMENT COST ESTIMATE FROM A RECOGNIZED COST |
| | ESTIMATING SERVICE, BY ANALYSIS OF EXAMPLES OF SIMILAR |
| | CONSTRUCTION OR BY ANOTHER ACCEPTABLE METHOD. THE |
| | SUBMITTED APPRAISAL DOES NOT PROVIDE A REPLACEMENT COST |
| | ? SEE PG. 3 OF 6. |
| | |
| | 7. USPAP SR 2-2 (A) (VIII) REQUIRES APPRAISERS TO |
| | ESTIMATE DEPRECIATION FOLLOWING PRESCRIBED METHODOLOGY. |
| | THE SUBMITTED APPRAISAL DOES NOT PROVIDE A DEPRECIATION |
| | VALUE ? SEE PG. 3 OF 6. |
| | |
| | 8. THE VALUE OF LAND, SITE IMPROVEMENTS AND ACCESSORY |
| | STRUCTURES SHALL BE EXCLUDED FROM THE DEPRECIATED CASH |
| | VALUE PER FEMA P- 758 SI/SD DESK REFERENCE SECTION 4.5. |
| | THE SUBMITTED APPRAISAL DOES NOT PROVIDE ANY |
| | DEPRECIATION VALUE ? SEE PG. 3 OF 6. |
| | |
| | 9. USPAP SR 2-2 (A) (VIII) REQUIRES APPRAISERS TO |
| | PROVIDE REPLACEMENT COST & DEPRECIATION ESTIMATES |
| | SUPPORTED BY ADEQUATE DOCUMENTATION. |
| | |
| | 10. PROVIDE COPY OF ORIGINAL APPRAISAL. REDUCED PRINT |
| | SIZE IS TOO SMALL. |
| | FBC 107.2.1 INFORMATION ON CONSTRUCTION DOCUMENTS. |
| | CONSTRUCTION DOCUMENTS SHALL BE DIMENSIONED AND DRAWN |
| | UPON SUITABLE MATERIAL. CONSTRUCTION DOCUMENTS SHALL BE |
| | OF SUFFICIENT CLARITY TO INDICATE THE LOCATION, NATURE |
| | AND EXTENT OF THE WORK PROPOSED? |
| | |
| | 11. PROVIDE A COST BREAKDOWN OF REPLACEMENT COST |
| | ESTIMATE BASED ON A RECOGNIZED COST ESTIMATING SERVICE. |
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