• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

How Would Your Like To Appraise This?

Status
Not open for further replies.

Paul Ness MAI

Member
Joined
Jan 14, 2002
Professional Status
Certified General Appraiser
State
Pennsylvania
This is a local landmark available for sale for only $129,900. Built in the 1940's by a local shoe company entrepreneur, when I was a kid back in the 60's you could go there and take a tour and eat ice cream sunday's. I think some have tried to turn it into a B&B. It sides right smack up against U.S. Rt. 30, a limited access highway, but is otherwise surrounded by farmland.

Shoe House Listing
 

Carnivore

Elite Member
Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
I observed a corn, is this rural or suburban?

what was that nursery rhyme. something about the lady living in a shoe, so many kids she did not know what to do.
 

Ghost Rider

Senior Member
Joined
Apr 27, 2003
Professional Status
Banking/Mortgage Industry
State
Connecticut
Well, first you need to determine if it is a left foot show, or a right foot shoe, then, start looking around for the other one, cause I'm sure it's a great comp, same layout, just a mirror image of it, right??

Seriously, I don:t know how in the hell I'd appraise it, and put it down on paper to a way an underwriter would understand it.......So who wants to buy that?? I think it's about as hard to find a buyer as it would be to appraise it. I'd love to call the realtor, and find out how they determined the listing price of it!!!!!
 

Wally Jones

Senior Member
Joined
Jan 23, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Bob,

Bottom of page one of the URAR under "Adverse Environmental Conditions". Remember, if it's FHA, that odor eaters are required throughout, laces must be tied with the appropriate knot, steel toes must be certified by a professional shoemaker, soles may now be leather or synthetic and if you don't make the value you will be considered a heel.

B)
 

Blue1

Elite Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
California
I think the whole appraisal would hinge on who the manufacturer was....like a mobile.....you know.....maybe Addidas, Keds, etc. Like MHMerriman said.....best comp is the other shoe! :rofl: :rofl:
 

Ghost Rider

Senior Member
Joined
Apr 27, 2003
Professional Status
Banking/Mortgage Industry
State
Connecticut
You know, I was just thinking about this.....is there a function inadequacy of this property if there is only one shoe?? I might make it subject to construction of it's mate if it's not there. Just an idea!!!
 

Claude From NY

Senior Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
New York
Well if the shoe fits, appraise it. Just don't wait for the other shoe to drop. :D
 

Patrick Egger

Sophomore Member
Joined
May 29, 2003
Professional Status
Certified General Appraiser
State
Nevada
oddly enough ... I don't think this is the only one ... have seen others like it in my travels ... I think a daycare in the south or midwest used a similar design ... maybe just a different size ... anyway, looks like a difficult assignment ...
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks