overimprovement

Hi all - I am completing a residential appraisal for a dwelling that has two large shops (6000 sf and 8600 sf). The larger of the two was recently completed. The borrower runs his trucking business out of the smaller of the two shops and the larger is being used as a car museum/storage building...

Working on an REO appraisal in the city of Barstow. Subject's GLA is almost 3,300 sf and sits on approximately 1/4 acre. It would appear to be an over improvement for the area. There were only 11 sales in the past 2 1/2 years of homes over 2,200 sf in the city. Many of them on much larger...