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Updated about 4 years ago on . Most recent reply

User Stats

3
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0
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Thomas Whitaker
  • Investor
  • Loch Raven, MD
0
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3
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Mixed-Use Property Appraisal

Thomas Whitaker
  • Investor
  • Loch Raven, MD
Posted

Hey All,

I have a mixed-use property under contract and the lender is having difficulties finding an appraiser that will appraise this property.

The property has a small house ~800 sqft living area directly over the garage- with pretty big decks on the front and rear of the home.  It's dated but in decent condition.

There is a detached concrete block building of about 1200 sqft in pretty fair condition- the roof has some leaks, it was formerly a tire shop.

The location is in a mixed use area- one neighbor is residential the other is self storage facility.  The property is zoned as mixed use. 

Most of the appraisers just say they don't want to appraise a mixed use property or don't do properties with part commercial use because their license is just for residential. 


Property location is Alpine, Wy.

Any tips, advice or words of encouragement is appreciated.

Thanks

Tom
   

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