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Meaning of S-Det/End Unit on 1004?

Discussion in 'Urgent - Help Needed' started by Chris FIsher, Jun 14, 2006.

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  1. Chris FIsher

    Chris FIsher New Member

    0
    Oct 18, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    I am working on an Attached End Unit Townhome on the 1004 form. The propery is attached on the garage side. Under the General Description section I checked Att. for Type. The lender is now questioning if S-Det/End unit should be checked. What does the S-Det/End Unit field mean?
     
  2. Chris Colston

    Chris Colston Elite Member

    0
    Jul 24, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    I edited you title so the thread did not get automatically moved to the A La Mode section of the forum.

    Now as to your question, if the townhouse is an end unit I would check that box. The box means Semi-detached or end unit. I guess in somebody's mind at Fannie Mae, they thought that description would mean something to a reader of the report. In some markets end units get more value than inside units. If the unit is only attached on one side that is considered semi-attached or as the form reads, Semi-Detached.
     
  3. James Micozzi

    James Micozzi Junior Member

    0
    Jan 13, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    Semi-attached and semi detached are the same thing. A townhouse that has garage attached to one side and attached to a building on the side opposite the garage is semi-detached with an attached garage. If the garage is attached in between two buildings, it depends if your subject building attached to another building opposite the garage. How about a pic? that would definitely help.
     
    Last edited: Jun 14, 2006
  4. Mike Garrett RAA

    Mike Garrett RAA Elite Member

    9
    Jan 14, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Colorado
    End unit is self explainatory, semi-detached means only one side is attached where-as a middle unit would be attached on both sides?

    Just did a townhouse in a complex where end units had an $8,000 lot premium. People are paying it.
     
  5. Bill Baughn

    Bill Baughn Senior Member

    0
    Mar 10, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Nevada
    I always loved that term "semi-detached". Give me a break. Either it IS attached or it ISN"T. To say it is semi-detached or semi-attached is extremely misleading if you ask me. I always thought the purpose of our report is not to be misleading and here you have the powers to be leading the way...


    Bill Baughn
     
  6. Brian Weaver

    Brian Weaver Senior Member

    1
    Apr 16, 2005
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    Illinois
    I'm with Bill. When Fannie came to Chicago to pitch the new forms we couldn't get them to understand that semi-attached/semi-detached was the same as the glass half empty/half full.

    In a "This Is Spinal Tap" moment, their argument sounded like..."but it goes to eleven."

    We gave up and decided to move on to other issues.
     
  7. Renee Healion

    Renee Healion Senior Member

    0
    Feb 21, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Connecticut
    It's the old partly sunny, partly cloudy conundrum.
     
  8. Otis Key

    Otis Key Elite Member

    0
    May 15, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    New Mexico
    Semi-pregnant? Almost-pregnant? Semi-built? Little-bit pregnant?

    Good grief. It's either detached free standing or it's attached!:glare:
     
  9. Thomas L Williams

    Thomas L Williams New Member

    0
    Mar 2, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Minnesota
    Two choices

    It is either attached or detached. As far as I'm concerned there is no third "box" to check. I almost always adjust between end units and interior units, as the end units have fewer common walls (noise), and usually more windows, which provide more light, and provide cross-ventilation when the windows are open.
     
  10. Rich Heyn

    Rich Heyn Senior Member

    0
    Jan 17, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Michigan
    The terms are synonymous. In most parts of the country the preferred term is "end-unit." In some places (NE, I'm told) "semi-detached" is used. Local custom.
     
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