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River Water

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sueinprescott

Sophomore Member
Joined
Feb 10, 2003
Professional Status
Licensed Appraiser
State
Arizona
I didn't find this topic anywhere, I just need some conversation about it. I have not come across this before. Any River folks out there? Thanks in advance. ;)
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
Can't imagine using river water as the primary source in this day and age, but I guess since it used to be done, it could still be done somewhere.

#1: WHY? Why was a normal water well not drilled? Is there now some reason it can't be done?

#2: I would have to at least call for the water to be tested for potability to make sure it's safe to drink and use.
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
I know people who live along lakes in Texas that use the lake as the primary source, running it through a filtering/purifying system at the house before consumption.

What I have done is identified the water source and made a comment that it is not unusual for this market and condition the report with an extraordinary assumption that the water is potable. If you find out that the water source is contaminated or not filtered, etc, then you have a cost to cure, up to and including a well.

Roger
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
And Roger in Texas jumps right in and tells us where and how to best handle this problem! :rofl:
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
Got some in my area like that, and did like Tim...... Disclose, and assume. But I have run into a couple of lenders that will not accept it. On those rare cases, before I will give a cost to cure, they have to get the county health dept to do a well survey, and give the go ahead. Have seen many lots that would not support a well and septic system, on the same lot, due to topography or close proximity to lot lines, other buildings. etc.

BTW.... for FHA, nope... not allowed at all.
 

sueinprescott

Sophomore Member
Joined
Feb 10, 2003
Professional Status
Licensed Appraiser
State
Arizona
Pam: Owner said she never did the well because they have water rights to river and a filter. The toilet water was muddy though? She said she had to clean filter? and offered me a soda (not water) :D
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
:blink: Oh boy, sounds like a really good source of potable water. :rolleyes: 4-git dat assumption..... Tell it like it tis.
 

Confident Rabbit

Senior Member
Gold Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Washington
Ditto to what Roger in Texas said. We have plenty of lake drawn water systems up here in Squirrel Bucket, Idaho as well.

One thing I have found that stops the inevitable underwriter call is to include or identify a comp in your report that has a similar water system. Helps display marketability!
 

wyecoyote

Senior Member
Joined
Jan 15, 2002
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Washington
One of the houses that I lived in growing up and my dad still lives there was on stream water gravity feed until 2 years ago. Was always fun during the summer the water would dry up then we would have to go down every other day to another stream and get water. He finally got tired of it and put in a shared well with two neighbors. Our water had a high concentration of iron in it and you would always see it during the heavy rains it got worse.
 

Jo Ann Meyer Stratton

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Arizona
Sue: you have me curious--what river? Use to live a the junction of Oak Creek and the Verde---and I sure wouldn't drink that water!!! New and Agua Fria only have water when it rains, Hassayampa runs underground, so I am curious!
 
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