BROKER PRICE OPINION - Amazon Simple Storage …Lincoln/FTF-100...This is a Drive-by Inspection ......

071304008 00033APN/PIN/Parcel#

$0.00HOA Dues

Property Address

City, State & Zip

Loan Number

Order Number

100 Lincoln St

Montclair, NJ 07042

FTF-100 Lincoln

5000813400

BROKER PRICE OPINION

This is a Drive-by Inspection This is an Int/Ext Inspection

765 The City Drive South, Suite #300, Orange, CA 92868

P: 714-520-5737 F: 714-520-5499 Toll Free: 1-800-531-5737

Mortgagor's Name

Occupany Status

Condition

Data Source

Recommended Inspections

Date Ordered

Company

Contact

Project Name

Jonathan Lee

Vacant

Poor

Tax Record

1/28/2016

Fund That Flip, Inc

Stephan Leccese

Termite Structural Well Septic Systems Physical Inspection

Other

Listing 3Item Subject Sale 1 Sale 2 Sale 3 Listing 1 Listing 2

Address

City

Proximity to Subject

MLS Numbers

Orig List Price

List Price @ Sale /CurrentLP

Sale Price

Price per Sq. Ft.

Sale / Listing Date

Days On Market

Finance Type

Sellers Concessions

Property Type

Sales Type

Lot Size

View

Location

Condition

Year Built

Style of Home

Above Grade RoomCount

Gross Living Area

Basement Sq Ft

Garage / Carport

100 Lincoln St 9 Washington St 38 Warman St 7 Charles St 28 Mission St 35 New St

Basement (% Fin)

117 Maple Ave

Montclair Montclair Montclair Montclair Montclair Montclair Montclair

0.505 0.828 0.662 0.445 0.181 0.447

3244803 3230501 3249223 3255148 3166480 3213917

$165,000 $409,900 $465,000 $175,000 $339,900 $469,000

$165,000 $409,900 $465,000 $175,000 $239,900 $469,000

$172,500 $419,900 $455,000

$75.38 $66.35 $155.52 $168.52 $67.31 $88.85 $173.70

1/29/2016 9/28/2015 11/2/2015 9/22/2015 8/25/2014 4/17/2015

19 16 26 31 371 108

Cash FHA FHA FHA FHA FHA

none none none none none none

Two units Two units Twnhse Two units Two units Two units Two units

REO Fair Market Fair Market Short Sale Short Sale Short Sale

0.09 .06 .1 .13 .06 .13 .11

Residential Residential Residential Residential Residential Residential Residential

Good Good Good Good Good Good Good

Poor Poor Good Good Poor Average Good

1921 1925 1930 1980 1925 1927 1987

Colo Colo Colo Colo Colo Colo Colo

12 6

2,640 2,600 2,700 2,700 2,600 2,700 2,700

0.00 0.00 0.00 0.00 80.00 80.00 80.00

750 725 750 0 700 750 725

0 0 2CD 2CA 0 0 2CD

2

Tot Bdrm Bth

10 4 2

Tot Bdrm Bth

13 4 2

Tot Bth

12 7 3.2

Tot Bdrm BthBdrm

12 4 3

Tot Bdrm Bth

12 4 3

Tot Bth

12 6 4.00

Tot Bdrm BthBdrm

none

Sq Ft Sq Ft Sq Ft Sq Ft Sq Ft Sq Ft Sq Ft

Construction Type Frame Vinyl Vinyl Brick Brick Frame Brick

COMMENTS ON COMPARABLES

(Please describe how each comp compares to subject in location, amenities, and condition)

PLEASE DO NOT USE THE SAME COMMENT FOR ALL COMPARABLES

MostComp

Sale #1

Sale #2

Sale #3

Listing agent's name

E

Listing agent's number

S I

Eduardo Masferre 973-980-3498

Great investment opportunity! This 2 family home features large eat-in kitchens, spacious living rooms and bedrooms, baths, unfinished basement, driveway, backyard...CUSTOMIZE IT FOR YOUR OWN TASTE!

Well maintained 2 family home - good for investor or owner occupied with income. Freshly painted new windows and updated kitchens.Separate utilities: 1st floortenant owns w/d: hook up for others Spacious bright rooms - storage in basement; quiet street -

WELL MAINTAINED TWO FAMILY. 1ST FLOOR UNIT HAS 3 BEDRMS COMBINE WITH GROUND FLOOR LEVEL WITH EXTRA ONE BEDROOM+FAMILYROOM+FULL BATH. 2ND FLOOR UNIT FEATURES 3 BEDRMS+1.5 BATH+2 CAR BUILT-IN GARAGE

List #1 solid built fulll brick 2 family. Features plenty of space in both units with hwd floors & newer windows throughout. Tremendous potential w short walk to NYCtransportation, shops & park.

List #2

List #3

Listing agent's name Ralph Barone Listing agent's number 973-429-0990

$100,000 REDUCTION FOR QUICK SALE!!! 2 FAMILY HOME,FINISHED WALKOUT BSMNT W/CERAMIC TILE FLRS,ADDITIONAL ROOMS/FULL BATH THATCAN BE COMBINED WITH UNIT 1 OR USE AS FAMILY ROOM/GUEST ROOMS FOR OWNER. ATTIC IS ALSO FINISHED WITH 2 ADDITIONAL ROOMS,WITH HE

this is a short sale, lender approval required.Subject is great condition, well maintained 2 family house.

Listing agent's name Carlos Jesus Listing agent's number 201-997-4425

**** S = Superior, E = Equal, I = Inferior ****

$

# of Comparable Rental Listings:

Estimated Monthly Rental Value:

New Construction

Suggested Strategy As-Is

137 Gertrude Ave

Subject Property Information

Currently listed? Original List Price Current List Price Listing CompanyPrevious DOM

No

Explain any functional obsolescence of subjectproperty.

missing appliances, plumbing and electrical

Identify any positive or negative site/locationinfluences.

Great location, good neighborhood

COMMENTS

Due to Lack of comparables w/ similar characteristics, it is necessary to travel back in time to 12 months and seek comarables w/ similar characteristics, condition and over all amenities.I've used 3different types of conditions for the sold comps. From poor which is similar in condition to the subject to good which represents what the future value of the subject would be once it is renovated. is alarge top/bottom 2 family home. Strong Foundation, great location. At it's time this was a beautiful home. Currently it is completely gutted and in need of complete re-hab. Needs all new plumbing,electrical, needs newer bathroom, kitchens heating system, radiators have been removed and need to be re-installed.

Estimate of repairs needed for subject property

Interior Exterior

Structural

Utilities

Appliances

Carpet/Floors

Other

Painting

Cleaning/Trash Removal 0

12,000

0

12,500

3,500

49,000

12,600 Painting

Structural

Landscaping

Windows

Do you recommend repairs?

Other

Roof

14,000

13,300

9,800

3,500

9,800

0

Yes No

140,000Repair Total

$

$

$

$

$

$

$

$

$

$

$

$

$

$

Auditor's Notes

Market Values Based On a 90-120 Day Marketing Time

As Is Value

Repaired Value

30 Day Quick Sale Value

199,000

449,000

149,000

$

$

$

Suggested As Is List Price

Suggested Repaired List Price

219,000$

$ 469,000

Agent / Broker Information

Name:

Company:

Distance from agent's location to subject property:

Phone:

City:

Address:

Yrs. of Experience:

# of Yrs. Selling REO:

Email:

State:

Miles:

Zip:

Date Completed:

# of REO Sold in Last 12 Mos.:

Reetesh Sood

America's Elite Realty

Paramus

(201)432-1600

NJ 07652

[email protected]

15

14 2/1/2016

9 25

Neighborhood Data

Sales Price: Low $175,000 High $685,000 Avg $425,000

Location

Property Values

Demand/Supply

Growth Rate

Economy

Marketing Time

Area

Urban Suburban Rural

Increasing Stable Decreasing

Shortage In Balance Over Supply

% increasing/decreasing per month

Rapid Stable Slow

Increasing Stable Decreasing

Under 3 Mos. 3-6 Mos. Over 6 Mos.

REO Driven Boarded/Vacant Homes

# of Listings: 14 # of REO Listings: 3 # of Sales: 14 # of REO Sales: 5

Yes No If yes Res Comm

Price Range: Low: $725,000 High: $1,500,000

Estimated % of owners and tenants in neighborhood 90 % Owners 10 % Tenants

7

3,500.00

This Broker Price Opinion is not an appraisal and it is not an inspection report. This Broker Price Opinion is intended only for the benefitof the Addressee for the purpose of assisting buyers or sellers or prospective buyers or sellers in deciding the listing, offering, or salesprice of the real property or for lending purposes in a transaction other than a federally-related transaction. This Broker Price Opinion isnot governed by the Real Property Appraiser Act. The Broker Price Opinion agent is not acting as a licensed contractor or inspector.Notwithstanding any preprinted language to the contrary, this opinion is not an appraisal of the market value of the property. If anappraisal is desired, the services of a licensed or certified appraiser must be obtained.

DISCLAIMER

100 Lincoln St, Montclair, NJ 07042

Property Map

Address Verification - House Num


Front View


Street View


Street View


Side View

Side View


Side View


Side View


Back View

Living Room

Living Room

Living Room

Family Room

Dining Room

Dining Room

Dining Room

Kitchen

Bedroom #1

Bedroom #2

Bedroom #3

Bedroom #4

Bathroom #1

Bathroom #2

Bathroom #3

Basement

Basement

Basement

Basement

Bedroom #6

Bedroom #6


Misc. Photo


Misc. Photo


Misc. Photo

9 Washington St, Montclair, NJ 07042

Comp Sale #1

38 Warman St, Montclair, NJ 07042

Comp Sale #2

7 Charles St, Montclair, NJ 07042

Comp Sale #3

28 Mission St, Montclair, NJ 07042

Listing Comp #1

Listing Comp #1

117 Maple Ave, Montclair, NJ 07042

Listing Comp #2

35 New St, Montclair, NJ 07042

Listing Comp #3

Repair: Interior Painting

Repair: Interior Others



Repair: Exterior Windows

Repair: Exterior Windows

Repair: Exterior Others


BROKER PRICE OPINION - Amazon Simple Storage …Lincoln/FTF-100...This is a Drive-by Inspection ......

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