- Sep 15, 2003
- Professional Status
- Certified Residential Appraiser
Hello out there. This is my first post...and my first huge SFR appraisal. I am expected to appraise a monster house in Kissimmee with 8,500 sf of GLA. No comp anywhere is over 5,000. The house also has a huge screened in pool within the walls with balconies overlooking, 2 lighted, fenced, tennis courts, 1800 sf of garage space and 3 carports. It has 10 Beds and 6.5 baths, and sits on over 5 acres zoned ORS1 valued at 200,000 for the land by the county. When I did a paper search it easily comped out over 1 mil but every adjustment was outrageous. When I told the brokers the situation they didn't care if all the adjustments were going to be positive, all ending in 50 -75% Nets/Gross. It is a standard residential appraisal...and I've already been paid. They want it tomorrow morning because of some deadline. They also stand to make around 10,000 a commission. Needless to say I'm getting warning signals but can't seem to make sense of it all. So can anyone tell me that all I have to do is standard adjustments? Are there any special considerations that might apply to this property?