The loan is secured by a beach-adjacent estate with 12,173 s/f of gross living area
situated on three acres of gated property.
Specifically, this transaction data set contains data on sale price, sale date, location, and other property characteristics including property age, number of bedrooms, number of bathrooms, and gross living area
, which are important housing price determinants (Dorsey et al.
In some states, Georgia for example, the square footage in the basement isn't counted in the Gross Living Area
(GLA) because it is considered below grade.
The home has a gross living area
of 4,160 square feet and is situated on a lot containing approximately 0.9685 acres at the entrance to a cul-de-sac.
gross living area
, size, age, date of transaction, etc.) to derive adjustments used to account for differences, in each area, both on and off pipeline easements, in like and similar conditions.
The GSE's letter to lenders in December noted concern about data accuracy issues, including instances when the same appraiser has provided inaccu rate, inconsistent or contradictory information on the same property and same transaction across multiple appraisals, "Fannie Mae reviews appraisal reports for patterns of discrepancies and nconsistencies related to property characteristics, such as gross living area
, sales price, room count a ad lot size, as well as condition, quality, view and location ratings," the letter said.
Appraisers fill out forms called Uniform Residential Appraisal Reports (URAR) listing "gross living area
," and report the number of rooms on floors above grade.
In the valuation of single-family homes (one-unit properties), the most commonly applied units of comparison are total property price and price per square foot of gross living area
. Variations on this procedure usually occur on a regional basis and tend to be a reflection of the individual purchasing habits of homebuyers in a given market area and local custom.
gross living area
; grow your portfolio using none of your own money; find real properties in the real world via the internet; assess a property as an good or bad investment; manage a real estate office; manage properties anywhere; protect your assets; process tenant applications, screening and management; advertising your business; and much more.
The residential appraisal forms, and clients, require that only finished above-grade square footage is included in the gross living area
of the home.
Baths Room Count 6 3 2.0 Gross Living Area
Meridian Street, Suite 325, Indianapolis, IN, 46260; T 317-816-9436; E-mail: Mark@educationresource.com Table 1 Paired Data Analysis without Adjustments for Concessions Subject Sale price Refinance Sale price/GLA N/A Value adjustments Description Sale-financing concessions Assume none Date of sale/time Now Location Lawndale Estates Leasehold/Fee simple Fee Simple Site/View .25 acre Design (style) 1 story Actual age 10 years Condition Average AG room count 8 | 3 | 2.5 Gross living area
1900 Basement 0 Finished below grade 0 Heating and cooling GFA/Cent AC Garage/Carport 2 car/at/gar Patios/Decks/Porches, etc.