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ALDERWOOD BK 3 LT 6 - Property Card2 Owner t�rY.l'bd�LAV.�IISF_Anl - �lh1l Mailing Address ?2 ?n 'Mitw:' -Bey Rn 0) L 14Ah, tllr.1 . A • r 'Qat—. C:'. II c Property Oburved Physical Condition Eaerior Wirth,. Foundation BUILDING TYPE AND USE 4. E(TERIOR d. INTERIOR (Continued) 7. Fksen Merrill nued) — SinRI• _Doub6 _ —Other —# Stories Finish V• —AXk Fin — Basement s _Frame. — Concrete eiock — Conaeb —Block — BkrsrsMine Kind — Building Paper — Insulation . Kind _ Steno Biding Kind - -Shako — Brickrea _ —Trim oind Grade —P —_A _O FINISH Wood Concrete Bath Living Room Bed Room Floor Number Number Room. bath$ Basement —lop Siding lU Fluor 2nd Floor —Stern � r L v M (1 S 0 O v a u —Leg In Stab 3rd Floor B. HEAT I_. i — —lop Siding AMtc —Stern Furnace 9. PLUMBING (Continued) s 1. FOUNDATION --Metal ' Total # —Oil — Concrete thick — Pn'O°d Grade of —Coal cfeker , _Cons, black Floor Plan ._P —A —O —Mot Water —Water Source —Wood Pasts Ceiling Height —Not air Forced —Sewer Source —Skids S. ROOF E= .Basement — Radiant 10. ELECTRICAL O r __Wood Sills _,1st Floor — -- -Space Heater _ Kind Gr6de —Flat —Gable —Xi P Floor - -Floor Furnace —Wired — _Other __Kind -_2nd _ — Number of Chimneys _ —920 Sorice ♦ 1 BASEMENT _Shingle _Attic -Kind TOTAL GRAD O _Partial _a_ _$, F. _Shako Grade of NUMBER OF FIREPLACES 11. GARAGE ,•O —full — - -' -- — _Composition w — Shingle Kitchen _ P — .Basement — Cribbed —A —G _Insulation Kind —Oven Buih -in _lsl Fimr Typa _Conenfe _Tar Paper —Range Built -in — Outside Entrance _— �sletol Kind —Both Room Finish _Res. Room Size _Builtup P. PLUMBING O — Living Area __Srze Grade _Other _Attic Stairway 12 PORCHES ._ Fin. Wall• .Kind _,_# Tubs_w /sher ow —Fin. Flees Kind — - '1 —Attic Unfinished % —# Toilets —Fin. Ceiling Kind d. INTERIOR —Attic Useful __# Basins — Number Darme n — Insulation Beard —# Kitchen Sinks —Shed Type _ . Size tRAME --Plasterboard --Plasterboard _ # Shower Stalls -- —Gable Size Walls o.c. —Fluster - -# Mot Water Tanks _Bracing —Masonry 7. FLOORS —# Gallons Kind 13• YARD IMPROVEMENTS Roof -,c. —Wood Paneling - -- -1st Floor _Floor CI — Plywood Bridged Ceiling ...c, — Finished ._ Post Size - nsLer — Unfinished Beam Size —o.c. —# Laundry Tcays — _ —Open Stud 2nd Floor e.e. —total Number Fixtures Other Buildings Area Floor Roof Infester Meat Plumb Unit Cast Adds b Deducts I RepL Cot Aae I Condition I Building Case BUILDING VALUE CALCULATION em Unit No Area or aua Miry Cast Total ADDITION$ AND DEDUCTIONS Total Replacement Cos/ Cost Conversion Factor Adjusted Replacement Cost I $ Review DEPRECIATION DEPR a. Effective Aga Deprsciatioi Is. Observed Physi Condition c. Total Depnciath (a 4 b) d. Net Condition (100 - c) OBSC e. Onrimprovemer I. Undsrimprovema g. Other It. Net Condition (100 - (eJ I. FINAL NET COI (d a h) SUMMARY OF VALUE or Part x x x Arm Scale V!r - Ft. nt r x I ig) S LDITION x APPRAISED VALUE Pprcisal . . { Kl6s 1gy�gl3 Other Description: 1 f Size: �)j 3 Valuation Code: I I I I i c L S F Q 4 III a I I X INFLUENCES: PLUS MINUS Depth REASON .. FOR CHANGE , Topography Bldgs. Total Irregular Modification '.Q A,A View Drainage �- Physical Barriers � Access Corner Water Sewer Sidewalk Paving Curb & Gutter Other C, LI 01- TOTAL Net + ( —) Area: Land Use' Use Zone: Unit Price: Year of Valuation: Basic Land Value "J t�,3r Plus or (Minus) Factors < Ll, Net Price of Land / I ('j; 700 A� Remarks: e, 4 A. G.,;f S�? - (a �19?f .:7 /.I- LAND VALUE YEAR '- �' OWNER ASSESSED VALUATION REASON .. FOR CHANGE , Land Bldgs. Total ( '.Q A,A �- � C ,vAArsoP J o Ige? C d i ✓rµa 5 3,15,H10o bs s 5 ,-e $ L1CFp1 E A 0 GNra 4 b'Ir5 s I t� q 96, 3,2,5& a 32-5 - 5 - 3h5 �4 7 op 31 000 I Iq93 4tlob -3-3—oame 3' 30-6 3 bo lqq LIF051-0E W2 MtWF VFdTVe.F- 4g 70 336,3(m 3-Roa-) lgcls Ctrs, . .Q 3. /. 4%,7n 330 300 319 P Set lam% " t' 4$ 7W 330 $0 379 1q57 141&1 Soo ; j x$700 375 laz)o ' " 4b Soo 2 7v 3'TS 2oo 49 4 9 i 11 R US 700 1 OK,2,0 KI8558318 QB Q L61 iGo f K 55L l� �I(o 5C0 Zt34aD SR �1UD � REMARKS: PI ¢ `- /Q �CorC) I V& rPICTURE: qL( PLACE PICTURE HERE 1i_)I4Uo 10 (a —I-T- -7, 10 YEAR OWNER LAND IMPS I TOTAL AV,14- �. CaMMIPW 7" I/ NET OPER. INCOME $82,285 $86,185 $89,305 $93,985 $93,985 PRESENT VALUE OF THE MORTGAGE: AMORT PER (YRS) 35 MONTHS= 360 CLIFFSIDE 12,000 GROSS RENT PER FOOT PER MONTH $1.08 NOI NET PRESENT WORTH CASH FLOW ANALYSIS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 GROSS INCOME -------------- -- - - -- $156,000 ------------- - - - - -- $156,000 - --- ---- -- - - - - -- -- -------- $156,000 - --- -- ----------- $156,000 ------- $156,000 - VACANY % 12.50% 10.00% 8.00% 5.00% 5.00% + OTHER INCOME $1,500 $1,500 $1.500 $1,500 $1,500 - _ ---------- ------------ EFFECTIVE GROSS ---------------- _--- $138,000 ------------------- $141,900 ---------- - - - - -- ................ $145,020 --------------- $149,700 - - -- $149,700 EXPENSES -..._...-.------------------------------- SWR/WTR /GBG $10,910 $10,910 $10,910 $10,910 $10,910 INSURANCE $1,903 $1,903 $1,903 $1,903 $1.903 UTILITIES $12,696 $12,696 $12,696 $12,696 $12,696 REWMAINT. $3,800 $3,800 $3.800 $3,800 $3,800 JANITORIAL $1,930 $1,930 $1,930 $1,930 $1,930 BKPNG/MNGMENT $14,768 $14,768 $14,768 $14,768 $14,768 CITY TAXES $9,108 $9,108 $9,108 $9,108 $9,108 MISC. $600 $600 $600 $600 $600 TOTAL EXP $55,715 $55,715 $55,715 $55,715 $55,715 NET OPER. INCOME $82,285 $86,185 $89,305 $93,985 $93,985 PRESENT VALUE OF THE MORTGAGE: AMORT PER (YRS) 35 MONTHS= 360 INTER. RATE (.001 10.38% MON.RATE= 0.00864583 NOI $82,285 DCR 11.XX) 1.10 INCOME DEBT CASH $74,805 TRIPLE NET L I MONTHLY L.C. 0.108648843 LEASE MORTGAGE AMOUNT $688,499 GROSS = EQUITY PARTICIPATION % = 0 % PRESENT VALUE CASH FLOW: -..._...-.------------------------------- YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 --------------------- NOI --- $82,285 ---------- - - -- -- $86,185 - --------- - - - - -- $89,305 ---------- - - - - -- -----_------------ $93,985 $93,985 -DEBT CASH 74,805 74,805 74,805 74,805 74.805 - CASH THROW OFF 7,480 11,380 14,500 19,180 19,180 • EQUITY PARTIC. 0 0 0 O 0 = INVESTRS EQUITY 7,480 11,380 14,500 19,180 19,180 EQ.DIV.RATE(.00) 18.00% NET PV CASH FLOW $41,615 PRESENT VALUE OF THE REVERSION -------------------------------------------------- REVERSION YEAR . 35 REM.TERM= D SUMMARY: YEAR 5 NOI $93,985 ----------------- I OAR (.00) 12.375% PV MORT. $688,499 EST SLNG PRICE $759,475 PV CASH FW $41,615 =SALE EXPENSE (5 %) $37,974 PV REV. $22,791 - MORTG. BALANCE $0 REM.BAL. = 0.00% - = NET SELL. PRICE $721,502 TOTAL PV $752,905 - EQUITY PARTIC. $0 = NET EQUITY $721,502 $ PER S/F = $62.74 NPV REVERSION = $22,791 Z" // Parcel Number Property Owner Address City, State, ZIP Surveyed by Date of Survey R1421030070 Cliffwood Jv Box 8550 city PC 96 review Low -Rise Multiple Effective Age: 11 years Cost as of 3/95 Style: Number of Units: Exterior Wall: Cliffside Apts 1313 Selief Floor Area: 6,000 square feet Quality: Average Condition: Badly Worn /Average Three Story 8 Hardboard Sheets Units Cost Total ---------------------------------------------------------------------- Basic Square Foot Cost......... 6,000 42.47 254,820 Including 40 Plumbing Fixtures Composition Shingle........... 6,000 0.58 3,480 Baseboard, Hot Water.......... 6,000 4.65 27,900 Floor Cover ................... 6,000 3.08 18,480 Wood subfloor ................. 6,000 6.85 41,100 Appliance Allowance........... 6,000 3.47 20,820 Plumbing Fixture, Rough- In.... 1 385.00 385 Wood Stairway .............. 2 988.00 1,976 Subtotal Basic Structure Cost.. ---------------------------------------------------------------- 6,000 61.49 368,961 - - - - -- Extras: Wood Balcony .................. 400 17.88 7,152 --------------------------------------------------------------------- Replacement Cost New........... 6,000 62.69 376,113 Less Depreciation: Physical and Functional....... <12.6 %> <47,390> Depreciated Cost ............... 6,000 54.79 328,723 ---------------------------------------------------------------------- Rounded to nearest $100 328,700 Cost data by MARSHALL and SWIFT PRESENT VALUE CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 CLIFFSIDE 6,000 GROSS RENT PER FOOT PER MONTH $1.00' - DEBT CASH NET PRESENT WORTH CASH FLOW ANALYSIS 34,560 34,560 34,560 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 GROSS INCOME ___ ________________ __ ___________________ $72,000 $72,000 __ __ ____________ $72,000 _ __________ - _____- $72,000 ___ -__ $72,000 _ VACANY % 15% 12% 10% 10% 5% + OTHER INCOME $0 $0 $O $0 $0 _- _- _______________. EFFECTIVE GROSS _____________________ --------- $61.200 _ ------ _ $63,360 ________________ $64,800 ._..________ --------- $64,800 $68,400 EXPENSES PRESENT VALUE OF THE REVERSION: SWR/WTR /GBG $4,800 $4,800 $4,800 $4,800 $4,800 INSURANCE $1,200 $1,200 $1,200 $1,200 $1,200 UTILITIES $6,000 $6,000 $6,000 $6,000 $6,000 RESIMAINT. $1,200 $1,200 $1,200 $1,200 $1,200 JANITORIAL $1,200 $1,200 $1,200 $1,200 $1,200 BKPNG/MNGMENT $1,200 $1,200 $1,200 $1,200 $1,200 CITY TAXES $2.400 $2,400 $2,400 $2,400 $2,400 MISC. $0 $0 $0 $0 $0 TOTAL EXP $18,000 $18,000 $18,000 618,000 $18,000 _________________________ NET OPER. INCOME _ ----------- _------ -------- $43,200 ____ --- _ $45,360 ---- _ ---- _---- $46,800 --------- _ -__ ---------- $46,800 _------- $50,400 PRESENT VALUE OF THE MORTGAGE: AMORT PER (YRS) 30 MONTHS= 360 INTER. RATE (.00) 10.00% MON.RATE= 0.00833333 NOI $43,200 DCR(1.XX1 1.25 INCOME 4 @ 550 26400 DEBT CASH $34,660 TRIPLE NET L 4 @ 950 45600 /MONTHLY L.C. 0.105308588 LEASE 72000 MORTGAGE AMOUNT $328,178 GROSS = EQUITY PARTICIPATION % = 0 % PRESENT VALUE CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 --------------- NOI ____ $43,200 _______ $45,360 $46,800 __ _ $46,800 ---- _ -------- - $50,400 - DEBT CASH 34,560 34,560 34,560 34,560 34,560 = CASH THROW OFF 8,640 10,800 12,240 12,240 15,840 - EQUITY PARTIC. 0 0 0 0 0 = INVESTRS EQUITY 8,640 10,800 12,240 12,240 15,840 EQ. D I V . RATE (• OO) 18.00% NET PV CASH FLOW $35,765 PRESENT VALUE OF THE REVERSION: REVERSION YEAR 30 REM.TERM- O SUMMARY: YEAR 5 NOI $50,400 --- •----- - - - - -- / OAR (.00) 12.375% PV MORT. $328,178 EST SLNG PRICE $407,273 PV CASH FW $35,765 =SALE EXPENSE (5 %) $20,364 PV REV. $22,173 - MORTG. BALANCE $0 REM.BAL.= 0.00% - = NET SELL. PRICE $386,909 TOTAL PV $386,117 - EQUITY PARTIC. $0 = NET EQUITY $386,909 $ PER S/F = $64.35 NPV REVERSION = $22,173 1/; 1991 SURVEY 'Parcel Number : R1421030060 Street Address : #1311 SELIEF Historical. Age : 1985 No-. Bdrms /Ba(s) : IS! / 8 .5(x40 . *'• Property Owner : CLIFFS -IDE MANOR JOINT VENTURE• a Address : PO PX 425 ,City, State, ZIP: KODI:AK, AK 99615 Reviewer /Date : ML 6/20/91 Low -Rise Multiple Floor Area: 6,000 square Feet Effective Age: 6 years Quality; Average Cost as of 12/90 Conditi:m: Aver ^age Style: Three St'or•y Number of Units. 8 Exterior Wall: Hard board .Sheets Units Cost Total - -- --- - ------------------- Basic Squtare Foot Cost....:.:.. 6,000 40.67 244,020 Includina 48 Plumbing Fixtures Composition Shingle........... 6,000 0.47 2,820 Baseboard, Hot Water.......... 6,000 3. 96 23, 760 Floor rr• Cover.......... ..... 6, 000 2.60 15, 600 Wood subf lour. 6, 000, 6. 33 37,980 Appliance Allowance........... 6,000 3.11 18,660 Plumbing Fixture, Rough- In.... 1 '361.00 361. Wood Stairway ....... „ ........... . 2 852. 0� i 1, 704 Subtotal Basic Structure Cost.. ti 6,000 57.48 344,905 ------------------------------------------------------ -- - - - - -- - - -- Extras: Wood Balcony.........'.....'.. 400 16.14 6,456 - - - -- -------------- ----------- ------- c - --__ Replacement Cost New ............. 6,000 58.56 351,37 61 - -- - - -- Less Depreciation: Physical and Functional....... <6.0 %> <21,082) - Depreciated Cost.... ...... 6,000 55.05 330,279 - - - -- ---- - - - - -- Rounded•to nearest $100 330,300 Cost data by MARSHALL and SWIFT NO ENTRY, EXTERIOR REVIEW ONLY: ✓amore ,v�v exr � ,-ivi �i��• KIBS194965 ys00 ----- - - - - -- ----------- 1311 BELIEF 8 -PLEX -- - - - - -- -- - - - - -- 6,000 - - - - - -- - - - - -- - - - - - -- - - - - -- GROSS RENT PER FOOT _ _ - - - - -- - - - - - -- - PER MONTH _ _ _____ - - - - -- $0.90 ________ _______ ____ __ NET PRESENT WORTH CASH FLOW ANALYSIS _ __ __ __ __ _ ___________ ________ ____ YEAR 1 _______ _______ YEAR 2 ______ ______ YEAR 3 ______ _______ YEAR 4 YEAR 5 GROSSINCOME --------------- - - - - -- $64,800 ------------- - - - - -- ---------- $64,800 - - - - -- $64,800 ---------- - - - - -- --------------- $64,800 - - -- $64,800 - VACANY % 5% 5% 5% 5% 5% + OTHER INCOME 0 0 0 O 0 -------------------- - - - - -- EFFECTIVE GROSS --------------- - - - - -- $64,768 --------- ---- - - - - -- --- $64,768 ------- - - - - -- $64,768 ---------- - - - - -- --------------- $64,768 - - -- $64,768 EXPENSES GROSS = 5400 EQUITY PARTICIPATION % = 0 SWR/WTR /GBG $4,800 $4,800 $4,800 $4,800 $4,800 INSURANCE $1,200 $1,200 $1,200 $1,200 $1,200 UTILITIES $6,000 $6,000 $6,000 $6,000 $6,000 RES/MAINT. $1,200 $1,200 $1,200 $1,200 $1,200 JANITORIAL $1.200 $1,200 $1,200 $1,200 $1,200 BKPNG/MNGMENT $1,200 $1,200 $1,200 $1,200 $1,200 CITY TAX $2,400 $2,400 $2,400 $2,400 $2,400 MISC. $0 $0 $0 $0 $0 TOTALEXP $18,000 $18,000 $18,000 $18,000 $18,000 NET OPER. INCOME $46,768 $46,766 $46,768 $46,768 $46,768 PRESENT VALUE OF THE MORTGAGE: AMORT PER (YRS) 30 MONTHS= 360 INTER. RATE (.00) 11.50% MON.RATE= 0.00958333 NO[ $46,768 UNITS (4) DCR(1.XX) 1.20 4 -2 BDR @ 850 3400 DEBT CASH $38,973 4 -1 BDR @ 500 2000 / MONTHLY L.C. 0.118834972 MORTGAGE AMOUNT $327,959 GROSS = 5400 EQUITY PARTICIPATION % = 0 % PRESENT VALUE CASH FLOW: ------------------------------------------- YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 --------------- NOI - - - - -- --- $46,768 ---------- - - - - -- $46,768 ---------- - - - - -- $46,768 ---------- - - - - -- ------------------- $46,768 $46,768 - DEBT CASH 38,973 38,973 38,973 38,973 38,973 = CASH THROW OFF 7,795 7,795 7,795 7,795 7,795 - EQUITY PARTIC. 0 0 0 0 0 = INVESTRS EQUITY 7,795 7,795 7,795 7,795 7,795 EQ.DIV.RATE(.00) 15.00% NET PV CASH FLOW $26,129 PRESENT VALUE OF THE REVERSION: REVERSION YEAR YEAR 5 NOI OAR (.00) EST SLNG PRICE - SALE COMISN (5 %) - MORTG. BALANCE = NET SELL. PRICE - EQUITY PARTIC. = NET EQUITY NPV REVERSION = 10 REM.TERM= $46,768 10.75% (INCLUDES ETR) $435,047 $21,752 $304,544 REM.BAL.= $108,751 $0 $108,751 $36,617 240 SUMMARY: PV MORT. $327,959 PV CASH FW $26,129 PV REV. $36,617 92.86% TOTAL PV $390,705 $ PER S/F = $65.12 KIBS194866 Page 1 ,^ ,. Parcel Number : Property Owner : Address : City, State, ZIP: Surveyed by : Date of Survey � R1421030060 CLIFFSIDE MANOR/JOINT VENTURE BOX 425 KODIAKv AK, 99615 WDH MAY 11, 1987 Occupancy: Multiple Residence Floor Area: 6,000 square feet Class: Frame Cost rank: Average/Above Average Cost as "f: 1/87 Number of stories: 3°0 Average story height: 9.0 feet Effective age: 3 years Heating and Cooling: Hot water, Radiapt ... A....... 100% ________________________________ Basic structure cost .....^""".. ------------------------------~- Less Depreciation: Physical and Functional"~,...~ Depreciated Cost".,"..."",".,., Miscellaneous: WOOD DECK .""".""."°°.."°°°"... Tctal......^""..,""^,,.""",^^." Rounded to nearest $100 Cost data by MARSHALL and SWIFT SAVE PROFILE 458 LOT 8, BLOCK 3, ALDERWOOD Units 6,000 <2.O%> Cost 54^90 Total '-------- 329,400 <6,588> 322v812 2,630 325,502 325v500 KIBS194867 — 3 S S CALCULATOR COST FORM I F.r .anh.errihrrx ;;..i.:,; u,• MARSHALL VALUATION SERVICE !'•;,'•u iabo• C. t3fohnrl Q SQUARE FOOT COSTS 1. Subscriber making survey K /g Date of survey s 2. Name of building CL/-FGStDt MRNO2 Owners i S14t2c F QfENLfiL: T 3. Located at 4. Occupancy 5. Building c 6. Exterior w, 7. No. of star 8. Average fII 9. Average pe 10. Age and cc ................ ass and quality . . . . III ............... ies & height per story .. )or area .......... rimeter............ ndltlon. . . . . . . . . . . . SECTION In SECTION II SECTION III SECTION IV PL6 P0A rI'�c7t CIS V Ouo1. AIJ6 / -// CIS_oVoi CI4_OVOI. CIt_OJ.I No._.1_14I. 7 r1o. HI. No. H+. Na. In asou /4Z ��� 31/ 500 Age�l6M1tl. w Age-_Cond AgcCond. I Age_Cwd. SECTION I SECTION I SECIIION I SECTION 11. Base Square Foot Cost ..... ............................... Z7 -I SQUARE FOOT REFINEMENTS 12. Heating, cooling, ventilation..... ......................... P85,7 13. Elevator deduction ......... ............................... . 14. Miscellaneous ............ ............................... . .Total lines 11 through 14 HEIGHT AND SIZE REFINEMENTS 16. Number of stories - multiplier .... ............................... "(D rN 17. Height per story-multiplier see Line /• oc 18. Floor area - perimeter multiplier (see Lines 8 and 9) .................... a ? 19 ................. Combined height and size multiplier (Lines 16 x 17 x 16) FINAL CALCULATIONS 20. Refined square foot cost (Line 15 x Line 19) .... . 21. Current cost multiplier (Sect. 99 p. 3)......... . 22. Local multiplier (Sect. 99 p. 5 and 6) ......... . 23. Final sq. ft. cost (Line 20 x Line 21 x Line 22) .. . 24. Area (Back of this form) ................... 25. Line 23 x Line 24 ...................... . 26. Lump sums (Line 32)... .............. . 27. Replacement Cost (Line 25 +Line 26)....... . 28. Depreciation % (Sect. 97) .................. 29. Depreciation amount (Line 27 x Line 28)....... . 30. Depreciated Cost (Line 27- Line 29) ........ SECTION I SECTION II SECTION III SECTION IV / -S 4e8 _10n 31/ 500 3 Soo 3 32 oo� 338. ooU TOTAL OF ALL SECTIONS 31. Replacement cost 33s' 00 Ll - Depreciated cost Insurable value See back of this form for drawings and area and insurable value calculations. KIBS194868 FORM 1003 (talc. Cost) Printed in U.S.A. 47