Bella Vista Sewer

Discussion in 'Arkansas' started by hambone, Feb 23, 2010.

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  1. hambone

    hambone Sophomore Member

    0
    Jun 12, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Arkansas
    I finally have the opportunity to appraise a property in BV that sewer hook-up is required. It is a bank owned property and I am completing an REO report. I'm in the process of checking to see if the selected sales also required this hook-up.

    I'm just looking for some reassurance in this area. Anyone else completed an appraisal with this situation? Since the sales prices are all over the place, it's really hard to get a reliable matched pairs result. I've found multiple sources that say the costs could range from $3,500 to $7,500, depending on the direction of the slope.

    Any input would be greatly appreciated.
     
  2. Terrel L. Shields

    Terrel L. Shields Elite Member

    41
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    Go to the ACC or whatever they call it now.. Architectural Control Committee, used to be the repository for all info regarding lot restrictions. They will make you a copy of the lot survey, which will include any such restriction and if and where a septic system lays. We haven't done one in 2 years there, but it may have changed with incorporation and city hall and all.
     
  3. EDWARD BERRY

    EDWARD BERRY Senior Member

    0
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    Email Me Or Call

    B E R R Y @ I P A . N E T

    Ed
     
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