BPO Sample Form I created during my training
RESIDENTIAL BROKER PRICE OPINION
REO #:
123456
This BPO is the
Initial
2nd Opinion
Updated
PROPERTY ADDRESS: 7494 Peaceful Brook St., Las Vegas
Exterior Only
SALES REPRESENTATIVE:
NV 89131
CLIENT NAME:
FIRM NAME:
R & R REALTY
COMPLETED BY:
PHONE NO.
-
I.
09/23/2020
DATE
FILIPINO VIRTUAL ASSISTANCE
DONNA EWICAN
FAX NO.
-
GENERAL MARKET CONDITIONS
Current market condition:
x
Depressed
Employment conditions:
x
Declining
Market price of this type property has:
x
Decreased
Slow
Stable
Stable
Increasing
80
Increased
%
in past
%
in past
Improving
Excellent
months
6
months
Remained stable
% owner occupant
Estimated percentages of owner vs. tenants in neighborhood:
There is a
x
Normal supply
oversupply
Approximate number of comparable units for sale in neighborhood:
6
6
No. of competing listings in neighborhood that are REO or Corporate owned:
No. of boarded or blocked-up homes:
II.
% tenant
shortage of comparable listings in the neighborhood
0
SUBJECT MARKETABILITY
Range of values in the neighborhood is $ 293,000
over improvement
The subject is an
Normal marketing time in the area is:
x Yes
No
Yes
x No
Has the property been on the market in the last 12 months?
To the best of your knowledge, why did it not sell?
X single family detached
single family attached
x
Insurance
Association Contact:
If no, explain
If yes, $
list price (include MLS printout)
Price is too high
condo
co-op
townhouse
modular
x monthly
If condo or other association exists: Fee $
The fee includes:
Appropriate improvement for the neighborhood.
x
days.
Are all types of financing available for the property?
Unit Type:
349,000
to $
under improvement
annually
Landscape
mobile home
Current?
Yes
No
Tennis
Pool
Fee delinquent? $
Other
Phone No.:
Name: N/A
III. COMPETITIVE CLOSED SALES
ITEM
SUBJECT
Address 7494 Peaceful Brook St. Las
Vegas NV 89131
Proximity to Subject
Sale Price
$ 284,900
Price/Gross Living Area
$
Sale Date &
Days on Market
03/13/2020
VALUE ADJUSTMENTS
Sq. Ft.
$
Sq. Ft.
Fee
DESCRIPTION
Condition
Above Grade
Room Count
Gross Living Area
Basement & Finished
Rooms Below Grade
Functional Utility
Heating/Cooling
Energy Efficient Items
Garage/Carport
Porches, Patio, Deck
Fireplace(s), etc.
Total
Bdms
5
3
1532
2
Sq. Ft.
None
Yes
Forced Air/Gas
None
Attached
None
Fence, Pool, etc.
Fenced/No Pool
Other
Appliances
0
Net Adj. (total)
Adjusted Sales Price of
Comparable
Fannie Mae Revised 03/99
284,000
Adjustment
Adjustment
DESCRIPTION
DESCRIPTION
Equal
Fee
6,098
Trees
0
0
0
0
0
Equal
Fee
7,840
Landscape
Fair
Good
19
Good
0
0
0
0
0
0
Fair
Good
19
Good
Baths
04/13/2020
01/10/2020
0
0
Fee
6,969
Trees
Mountain
19
Good
Sq. Ft.
Fee
Fee
6,098
Sunset
Fair
Good
Age
$
0
2,946
Leasehold/Fee Simple
Quality of Construction
Sq. Ft.
Fee
Equal
Design and Appeal
$
2,975
0
Equal
View
COMPARABLE NUMBER 3
Fee
Location
Site
COMPARABLE NUMBER 2
10/30/2019
DESCRIPTION
Sales or Financing
Concessions
COMPARABLE NUMBER 1
5601 Indigo Bay Way, Las Vegas 7512 Peaceful Brook st., Las Vegas 7525 Evening FallsDr. Las Vegas
NV 89131
NV 89131
NV 89131
REO/Corp
REO/Corp
REO/Corp
$ 285,000
$ 283,000
$
289,999
Total
Bdms
Baths
56
3
2
3
1,532 Sq. Ft.
None
0
12000
Covered
-
Bdms
5
3
0
0
0
3,500
Baths
2
Sq. Ft.
None
0
0
06,000
$ 6,000
8,975
$ 279,000
267,000
276,025
Page 1 of 2
Covered
Fenced/No Pool
Appliances
Cleaning
/Prep
+
-
2,974
0
Total
Bdms
Baths
0
5
3
2
0
1532
0
Yes
Natural
Gas/Electric
Forced Air,
Gas
None
Attached
0
0
0
-6,000
0
Fenced/No Pool
New
Paint/Carpet
Appliances
Total
1532
0
0
Yes
Forced Air, Gas
None
Attached
Detached
+
Fair
Average
19
Fair
0
0
3,000
0
Adjustment
-
Sq. Ft.
None
Yes
Central
Forced Air/Electric
Air, Gas
None
0
0
Attached
0
3,500
0
0
0
-6,000
0
Covered
-6,000
0
0
Fenced?No Pool
0
6,000
Appliances
3,000
Cleaning
/ Prep
3,000
6,000
0
0
$ 5,496
+
$ 5,974
8,974
8,946
12,5000
9,500
$ 277,504
270,500
274,054
280,499
$ 284,025
281,025
REO#
IV. MARKETING STRATEGY
x As-is
Minimal Lender Required Repairs
x Repaired
Most Likely Buyer:
Owner occupant
Investor
V. REPAIRS
Itemize ALL repairs needed to bring property from its present “as is” condition to average marketable condition for the neighborhood.
Check those repairs you recommend that we perform for most successful marketing of the property.
To have covered patio
6000
$
$
$
$
$
$
$
$
$
$
0
GRAND TOTAL FOR ALL REPAIRS $ 6000
VI. COMPETITIVE LISTINGS
ITEM
SUBJECT
Address 7494 Peaceful Brook St. Las
Vegas NV 89131
Proximity to Subject
List Price
$ 284,000
Price/Gross Living Area
$
Data and/or
Verification Sources
Sq.Ft.
COMPARABLE NUMBER 1
COMPARABLE NUMBER. 3
7620 Catalina Harbor St. Las
5000 Peaceful Pond Ave., Las Vegas 5316 Jackson Valley Ct, Las Vegas
NV 89131
Vegas NV 89131
NV 89131
REO/Corp
REO/Corp
REO/Corp
$ 285,000
$ 288,000
$ 309,000
183 Sq.Ft.
$ 202 Sq.Ft.
$ 172 Sq.Ft.
$ 1684
DESCRIPTION
Sales or Financing
Concessions
09/16/2020
09/15/2020
03/13/2020
VALUE ADJUSTMENTS
COMPARABLE NUMBER. 2
DESCRIPTION
Adjustment
09/12/2020
DESCRIPTION
Adjustment
DESCRIPTION
Monthly Cost
1,419
0
Monthly Cost
0
Adjustment
Fee
Monthly Cost
1,444
0
0
2 days
0
11 days
0
Location
Equal
3 days
Equal
0
Equal
0
Equal
0
Leasehold/Fee
Simple
Fee
Fee
0
Fee
0
Fee
0
Site
6,098
5,662
0
3,484
0
4,356
0
View
Sunset
Landscape/Trees
0
City
Landscape
0
Sunset
0
Fair
0
Fair
0
Fair
Average
Good
0
Average
Good
0
0
0
0
18
Good
0
0
Days on Market
Design and Appeal
Fair
Quality of Construction
Good
Good
Average
0
Age
19
Good
19
0
15
Good
0
Good
Condition
Above Grade
Room Count
Gross Living Area
Basement & Finished
Rooms Below Grade
Functional Utility
Total
Bdms
5
3
Baths
2
Sq. Ft.
1532
None
Yes
Forced Air/Gas
Heating/Cooling
Total
Bdms
3
5
1413
Baths
Total
2
0
Sq. Ft.
Bdms
3
6
1674
Baths
3
Total
12000
0
Sq. Ft.
0
None
0
Yes
0
Yes
0
Yes
0
Forced Air / Central
0
Central Air/electric
0
Yes
2000
0
0
Garage/Carport
Attached
Attached
0
Attached
0
Covered
6000
0
Covered
Back yard, Block
-
-
Fenced/No Pool
Appliances
Other
Net Adj. (total)
Adjusted Sales Price
of Comparable
0
5,000
Appliances
+
0
-
None
Yes
Fence, Pool, etc.
3
Sq. Ft.
0
Yes
None
Baths
None
Energy Efficient Items
Porches, Patio, Deck
Fireplace(s), etc.
Bdms
4
7
1684
-
$ 5,000
8,500
6,-
284,000
Back Yard,Block
Appliances
+
-
4000
0
4,
000
$ 10,500
5,-
-
282,500
$ 276,500
280,000
278,556
265,500
$ 277,500
282,581
284,000
285,500
Forced Air/Central
Yes
0
0
Attached
6000
0
Covered
Backyard,Block
2500
0
Appliances
+
0
-
$
5,-,500
5,000
285,500
300,500
$ 286,500
304,000
306,500
VI. THE MARKET VALUE (The value must fall within the indicated value of the Competitive Closed Sales).
AS IS
Market Value
0
$ 286,500
284,000
REPAIRED
$
286,500
Suggested List Price
$ 284,000
$
286,500
COMMENTS (Include specific positives/negatives, special concerns, encroachments, easements, water rights, environmental concerns, flood zones, etc.
Attach addendum if additional space is needed.)
To have a covered patio and addit
Signature:
Fannie Mae Revised 03/99
Date:
Page 2 of 2
CMS Publishing Company- [0399]