INSPECTION AND APPRAISAL REPORT

THE SUBJECT PROPERTY:

TCT NO. LOT NO. BLOCK NO. AREA in sq.m.

CARP 2017000285 2486 - 569

REGISTERED OWNER/S : NARDO S. SAMINAL M/T EVELYN SAMINAL

LOCATION : Manzanilla Street, Brgy. Basud, Polangui, Albay

SHAPE : Irregular

STREET SURFACE/S : Cemented

ROAD FRONTAGE : 32.52m. along Manzanilla Street

DEPTH :-

FRONTING STREET : Manzanilla Street

TYPRE OF TERRAIN : Flat

ELEVATION : Grade Level

WATER SYSTEM : Available on Site

TELEPHONE SYSTEM : Available on Site

PUBLIC UTILITIES : Tricycles could be had along Manzanilla St.

STAGE OF DEVELOPMENT : Fairly developed

PERCENTAGE OF HOUSING : 80%

NEIGHBORHOOD : Residential of middle income earning families

ACTUAL USE : Residential

HIGHEST & BEST USE : Residential

REMARKS:

- The property subject for this appraisal is an irregular-shaped lot on which erected are two (2)
structures identified in this report as Bldgs. A and B. It has a total land area of 569.00 sq.m., which lies
on the northwestern line of the 10 meters wide Manzanilla St., Brgy. Basud, where the land
development is purely for residential purposes.

- The property is 250 meters North West of Polangui Unida Church, 450 meters North of LCC Mall
Polangui, and 400 meters from the corner of the National Road and Polangui Diversion Road. Lies on the
National road are malls, restaurants, gasoline stations, banks, schools, market, church, hospitals,
convenient stores, and other commercial and public establishments, which area accessible from the
property by public transport.

REGISTRY OF DEED CHECKING

Result of Title Verification at RD for Province of Albay to follow
 IMPROVEMENTS
BUILDING A

CLASSIFICATION: Residential OCCUPIED BY: Saminal Family

NO. OF FLOORS: 1 FLOOR AREA: 128 sq.m.

DATE CONSTRUCTED: 2016 ECONOMIC LIFE: 25 years

FOUNDATION/FOOTING: Reinforced Concrete BEAMS & TRUSSES: Reinforced Concrete

ROOFING: Galva steel CEILING: Hardiflex Boards

WINDOWS: Sliding Glass on DOORS: Wood & PVC

Aluminum Casement

PARTITIONS/PANELLINGS: Painted plastered CHB FLOORINGS: Granite & Ceramic tiles

EXTERNAL WALLS: Painted plastered CHB STAIRS: -

REMARKS:

- Building A is a single-storey Residential building with a total floor area of 128 sq.m., made mostly of
strong and high quality materials. It is being occupied by client and their family.

-It is partitioned into the ff.: Living area, Dining area, Kitchen, 3 toilets & bath, and 4 Bedrooms

BUILDING B

CLASSIFICATION: Residential OCCUPIED BY: Saminal Family

NO. OF FLOORS: 1 FLOOR AREA: 87.50 sq.m.

DATE CONSTRUCTED: 2017 ECONOMIC LIFE: 25 years

FOUNDATION/FOOTING: Reinforced Concrete BEAMS & TRUSSES: Reinforced Concrete

ROOFING: Galva steel CEILING: Hardiflex Boards

WINDOWS: Sliding Glass on DOORS: Wood & PVC

Aluminum Casement

PARTITIONS/PANELLINGS: Painted plastered CHB FLOORINGS: Ceramic tiles

EXTERNAL WALLS: Painted plastered CHB STAIRS: Reinforced Concrete

REMARKS:

- Building B is a single-storey Residential building with a total floor area of 87.50 sq.m., made mostly of
strong and high quality materials. It is being occupied by client’s son and his family.

-It is partitioned into the ff.: Living area, Dining area, Kitchen, 2 toilets & bath, and 3 Bedrooms
 MARKET DATA APPROACH
REALTORS / INDEPENDENT APPRAISAL FIRMS

SOURCE: PRICE RANGES:

1. METROBANK P3,000.00 to P3,500.OO

2. BDO P1,500.00 to P2,500.00

3. LEGAZPI SAVINGS BANK P2,000.00 to P 2,500.00

APPRAISED VALUE
Based on the foregoing and pertinent valuation factors duly considered, subject property may be given
an appraised value of P3,000.00 per square meter.

SUMMARY OF VALUES
LAND:

569 sq.m. P 3,000.00 / sq.m. P 1,707,000.00

BUILDING:

A: 128 sq.m. P 18,000.00 / sq.m. P 2,304,000.00

Less : Depreciation

2/25 x 2,304,00.00 P 184,320.00 P 2,119,680.00

B: 87.50 sq.m. P 18,000.00 / sq.m. P 1,575,000.00

Less : Depreciation

1/25 x 1,575,00.00 P 63,000.00 P 1,512,000.00

TOTAL APPRAISED VALUE P 5,338,680.00

CERTIFICATION