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3rd floor bath
- Thread starter uncle sam
- Start date
RCA
Elite Member
- Joined
- Jun 27, 2017
- Professional Status
- Certified General Appraiser
- State
- California
Some people have a thing about baths in the attic. If you have a 3-story home in the SF Bay Area, especially in one of the higher-priced areas, where the third floor has vaulted ceilings and looks like a fancy attic with a bath in front of a window, I don't recommend a matched-pair analysis to extract the value of an attic bathroom. It's just a symptom of the disease, not the cause. Not that I recommend matched pair analysis for anything really.
Terrel L. Shields
Elite Member
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- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Call that an attic room, state it has a bathroom, but it does not work. Let the chips fall where they may.
Dublin ohio
Elite Member
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- Mar 20, 2008
- Professional Status
- Licensed Appraiser
- State
- Ohio
It exists. It is what it is. Find out why it is not working and try to estimate a ctc.
RCA
Elite Member
- Joined
- Jun 27, 2017
- Professional Status
- Certified General Appraiser
- State
- California
It could be a work of art, not intended for use as a bathroom.
Honestly, that is the impression I get when I see these!!
And you have the owner's studio office in the next room.
....
Last edited:
Tom D
Elite Member
- Joined
- May 22, 2015
- Professional Status
- Certified Residential Appraiser
- State
- Pennsylvania
FHA is a funny and scary animal.
Give them a bathroom picture and no ask for repairs, this bath not put on market grid. You could try, let the underwriter ask for the repair. Maybe the repair is too expensive. How many bathrooms do most of the homes nearby have.
Do a cost to cure. I have had those very old 3rd floor bathrooms that needed to be redone. Not a small job. Literally, there was no functional bathroom, because of the cost to cure. And you do have another bathroom.
It's weird to have a finished attic with a broken bath. What part/s were not working. Did you ask the owners when it last worked, or why it wasn't working now.
I don't have an answer for you, cause FHA scares me. I do a lot of FHA.
Give them a bathroom picture and no ask for repairs, this bath not put on market grid. You could try, let the underwriter ask for the repair. Maybe the repair is too expensive. How many bathrooms do most of the homes nearby have.
Do a cost to cure. I have had those very old 3rd floor bathrooms that needed to be redone. Not a small job. Literally, there was no functional bathroom, because of the cost to cure. And you do have another bathroom.
It's weird to have a finished attic with a broken bath. What part/s were not working. Did you ask the owners when it last worked, or why it wasn't working now.
I don't have an answer for you, cause FHA scares me. I do a lot of FHA.
Tom D
Elite Member
- Joined
- May 22, 2015
- Professional Status
- Certified Residential Appraiser
- State
- Pennsylvania
Not necessarily. You can have it removed. If you give it no value, then what. A 3rd floor bathroom is only as good as it's functional utility. Or maybe, just make it a half bath.
But we don't know the extent of the why not working issue. Or the overal condition. I would have known before i left, to make whatever decision. Could be something just minor.