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5010302 Page #1 APPRAISAL OF REAL PROPERTY LOCATED AT: 3212 Stanford Dr STANFORD DR GR PT #7 UNIVERS

5010302 Page #1 APPRAISAL OF REAL PROPERTY LOCATED AT: 3212 Stanford Dr STANFORD DR GR PT #7 UNIVERS-2025

5010302 Page #1 APPRAISAL OF REAL PROPERTY LOCATED AT: 3212 Stanford Dr STANFORD DR GR PT #7 UNIVERS Preview on Page 1

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This document is an appraisal report for a residential property located at 3212 Stanford Dr, Durham, NC, conducted by Glenn O. Day of DayOneAppraisals for North Carolina Mortgage. The appraisal, dated January 4, 2005, estimates the market value of the property at $161,000 based on a comprehensive analysis including comparable sales and cost approaches. It includes details about the property's characteristics, neighborhood conditions, and compliance with professional appraisal standards.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the difference between a 1004 and a 1004C appraisal?

Like the 1004 and 1073 forms, the 1004C is also for residential properties but of a different sort. The 1004C form is for manufactured homes. Many of the fields are similar to the single-family and condo forms, but many are specific to manufactured homes.

What is form 1073 used for?

The main purpose of a 1073 Appraisal is to provide an unbiased and professional estimate of the fair market value of a condominium, cooperative unit, or Planned Unit Development (PUD). This information is typically used by lenders to help determine the maximum loan amount they are willing to lend on a property.

What is Fannie Mae Form 1073?

Appraisals reported on Form 1073 must be completed in ance with the UAD Specification. For appraisals of one-unit (attached and detached) properties in condo projects that are based on interior and exterior property data collection.

What is the difference between 1004 and 1073 appraisal?

Everything to Know About this Condo-specific Appraisal Form Also known as Fannie Mae Form 1073, appraisals reported on this form must be completed in ance with the UAD Specification. The form is similar to the Uniform Residential Appraisal Report (Form 1004) only it comes with additional condo-specific questions.

What does an appraiser do first when given an assignment to appraise real property?

The rights in a property must be known by the appraiser before making a proper valuation, and the appraiser must also be able to distinguish between personal and real property.

What is a 1073 appraisal?

To be an intended user, THE APPRAISER MUST INTEND for that party to rely on the assignment results. An intended user is not simply anyone who intends to rely or will rely on assignment results. Further, if a party receives a copy of a report, it does not mean that party must be identified as an intended user.

5010302 Page #1 APPRAISAL OF REAL PROPERTY LOCATED AT: 3212 Stanford Dr STANFORD DR GR PT #7 UNIVERS-2025

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