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BLD-23-003405
i z f----_____ DEC 19 2022 NE & TWO FAMILY ONLY-BUILDING PERMIT1 Town of Yarmouth Building DepartmentI BUILDING JEPARTrA ENT 1146 Route 28,South Yarmouth,MA 02664-4492 508-398-2231 ext. 1261 Fax 508-398-0836 Massachusetts State Building Code,780 CMR 1, Building Permit Application To Construct,Repair, Renovate Or Demolish a One-or Two-Family Dwelling This Section For Official Use Only Building Permit Number: L2.2--(/13(4/251 Date Applied: N S�AtS ___, ., 44d'-•do). Building Official(Print Name) igat ure Date SECTION 1:SITE INFORMATION I-1 Aitearrt leill, iui C,S.Yarmouth,Ma 0266 1.2 Assessors Map&Parcel Numer 025.33 I.l a Is this an accepted street?yes J no Map Number Parcel Nu her 1.3 Zoning Information: i 1.4 Property Dimensions: C E: I V E i Zoning District Proposed Use Lot Area(sq ft) Franta�( ) 1.5 Building Setbacks(ft) 'DEC 2 3 2022 Front Yard Side Yards TPaJ V' rd �UI,.DFNC 9€PARTMf AN r Required Provided Required Provided Require9 a : Providcd 1.6 Water Supply: (M.G.L c.40,i54) 1.7 rood Zone Information: 1.8 Sewage Di pawl System: Zone __ Outside Flood ,nc? Public Private p - Check if yeses Municipal El01 site disposal system if SECTION 2: PROPERTY OWNERSHIP' • 2.1 Owner'of Record: HieuN_guyen 38 Percival STreet, Dorchestelr,lit1a 02122 Name(Print) City,State,ZIP 617-858-9976 tcxnguyen �attoo.com No.and Street Telephone Em'aiI II dress SECTION 3:DESCRIPTION OF PROPOSED WORK2(check all that tml ) New Construction❑ Existing Building 0 l Owner-Occupied El Repairs(s)V Alteration(s ❑ I Addition ❑ Demolition El i Accessory Bldg.0 Number of Units Other ❑ Specify: Brief Description of Proposed Work2: Replace Stair Tread and hardwood floor on tile "rst floor.2.Cover existing wall on the first floor and second floor bedroom with sheetrock;cur ntiy it has pinewoogl.we only add a sheetrock layer without removing the.inewnnd 3 Replace.Kitchei Cabinet.4.refranw the SECTIO 4:16 ESTIMATE D CONSTRUCTION COSTS. Item Estimated Costs: Official-Use Only (Labor and Materials) - I ��i I.Building $ 24,500 1. Building Permit Fee:S I CO Indicatelho fee is determined: \ 2.Electrical $ 3,500 thStandard City/Town Application Fee O Total Pro3ect Cosa'(Item6)xmultiplier x 6'V 3.Plumbing . $ 4,250 2. Other Fees: $ C4S t 1 U(�D. 4.Mechanical (HVAC) $ List: I 5.Mechanical (Fire • • $ Suppression) Total All Fees:S Check No. Check Amount: 6.Total Project Cost: $32,250 O Paid in Full Outstanding BalICITiast.DA0ount. a l • iS") C SECTION 5: CONSTRUCTION SERVICES 5.1 Construction Supervisor License(CSL) I I LI 2 2(0 i 'z 23 Hlt' T.Nguyen License Number E i.ir twn,Jate Name o', 'SL Holder 1370 Dorchester AVe,Dorchester,Ma 02122 List CSL Type(see below) No.and Sheet Type D•.cription U Unrestricted(Buil.ings up to 35,000 cu.ft.) City/Town,State,ZIP R Restricted l&2 F. ily Dwelling IvI Masonry RC Roofing Cover°ng _ WS Window and S din. 857 488 2434 SF Solid Fuel Burning ppliances tnguyen@mortgageconnection.us I Insulation Telephone Email address D Demolition 5.2 Registered Home Improvement Contractor(HIC) 197403 12/05/2023 22 Sunnyplain LLC BIC Company Name or HIC Registrant Name HIC Registration Numb•r Expiration Date 1370 Dorchester,Ave,Dorchester,Ma 02122 tnguyen@mo ga:econnection.us No.and Street 857-488-2434 E ail address City/Town,State,ZIP Telephone SECTION 6:WORKERS'COMPENSATION INSURANCE AFFIDAVIT(M.G. .c.i 52.§ 25C(6)) Workers Compensation Insurance affidavit must be completed and submitted with this applica ion Failure to provide this affidavit will result in the denial of the Issuance of the building permit. Signed Affidavit Attached? Yes I No 0 SECTION 7a:OWNER AUTHORIZATION TO BE COMPLETED I E •• OWNER'S AGENT OR CONTRACTOR APPLIES FOR BUILDING P: ' + T I,as Owner of the subject property,hereby authorize 22 Sunny plain LLC I to act on my b half,in all matters relative to work authorized by this building permit application. 12/15/2022 Print Owner's Nam (E ectronic ignature) Date SECTION 7b: OWNER1 OR AUTHORIZED AGENT DECLARATION By entering my name below,I hereby attest under the pains and penalties of perjury that all of the formation .contained,in this application is true and accurate to the best of my knowledge and understanding. r --r 12/15/2022 Prmy wner's or Authorized Agent's Name(Electronic Signature) Date NOTES: 1. An Owner who obtains a building permit to do his/her own work,or an owner who hires an unregistered contractor (not registered in the Home Improvement Contractor(HIC)Program),will not have access :o tr a arbitration program or guaranty fund under M.G.L.c. 142A. Other important information on the HIC Program can be found at www.mass.eov/oca Information on the Construction Supervisor License can be found at www.mass.eov/dps 2. When substantial work is planned,provide the information below: Total floor area(sq.ft.) (including garage,finished basement/att:cs,decks or porch) Gross living area(sq.ft.) Habitable room count Number of fireplaces Number of bedrooms Number of bathrooms Number of half/baths Type of heating system Number of decks/porches Type of cooling system Enclosed Open. 3. "Total Project Square Footage"maybe substituted for"Total Project Cost" The Commonwealth of Massachusetts —= Department of Industrial Accidents °;►1_;— I Congress Street, Suite 100 F= Boston, MA 02114-2017 ,,;, www.mass.gov/dia Workers' Compensation Insurance Affidavit: Builders/Contractors/Electric an$/Plumbers. TO BE FILED WITH THE PERMITTING AUTHORITY. ApplieaAt Information Please Print Legibly Name (Business/Organization/Individual): 22 Sunnyplain LLC Address: 1370 Dorchester Ave,Dorchester,Ma 02122 City/State/Zip: Phone #: 857-488-2434 Are you an employer?Check the appropriate box: Type of project(required): Il am a employer with employees(full and/or part-time).* 7. New construction ? I are a sole proprietor or partnership and have no employees working for me in -. any capacity.[No workers'comp.insurance required.] 8• tJ Remodeling • 3.0 1 am a homeowner doing all work myself.[No workers'comp.insurance required.]t 9. ❑ Demolition 4.❑I am a homeowner and will be hiring contractors to conduct all work on my property. I will 10 Building addition ensure that all contractors either have workers'compensation insurance or are sole 11.Cl Electrical repairs or additions proprietors with no employees. 5.0 I am a general contractor and I have hired the sub-contractors listed on the attached sheet. I 2'❑Plumbing repairs or additions These sub-contractors have employees and have workers'comp.insurance.[ 13•❑Roof repairs 6.0 We are a corporation and its officers have exercised their right of exemption per MGL c. " 14. Other 152,§I(4),and we have no employees.[No workers'comp.insurance required.] *Any applicant that checks box#1 must also fill out the section below showing their workers'compensation policy information. t Homeowners who submit this affidavit indicating they are doing all work and then hire outside contractors must submit a pew iffidavit indicating such. tContractors that check this box must attached an additional sheet showing the name of the sub-contractors and state whether or not those entities have employees. If the sub-contractors have employees,they must provide their workers'comp.policy number. I am an employer that is providing workers'compensation insurance for my employees. Below thk policy and job site information. Insurance Company Name: Policy#or Self-ins.Lic.#: Expiration Date: Job Site Address: City/State/Zip: Attach a copy of the workers' compensation policy declaration page(showing the policy number nd expiration date). Failure to secure coverage as required under MGL c. 152,§25A is a criminal violation punishable by a fine up to$1,500.00 and/or one-year imprisonment,as well as civil penalties in the form of a STOP WORK ORDER and a ne of up to$250.00 a day against the violator.A copy of this statement may be forwarded to the Office of Investigations oft e DIA for insurance coverage verification. I do hereby.certifylunder the pains and penalties of perjury that the information provided above is tr a and correct. Signature: 4"', /.. }'- "`� Date: 12/15/2022 Phone 4; Official use only. Do not write in this area,to be completed by city or town official City or Town: Permit/License# • Issuing Authority(circle one): 1. Board of Health 2.Building Department 3.City/Town Clerk 4.Electrical Inspector 5. Plumbing Inspector 6. Other Contact Person: Phone#: • o . R` TOWN OF YARMOI T -I orr. "g- BUILDING DEPART E+ T '�`l ^^Y*^�rt� ,��i 1146 Route 28,South Yarmouth,MA 02664 50S 39 �S�,.,,,. ��.� -2231 ext. 1261 HOMEOWNER LICENSE EXEMPTION PLEASE PRINT: DATE: JOB LOCATION: I NAME STREET ADDRESS SECTION bF TOWN "HOMEOWNER" NAME HOME PHONE WORK PH NE PRESENT MAIL[NG ADDRESS CITY OR TOWN STATE ZIP CODE The current exemption for 'Homeowner' was extended to include owner—occupied dwellings of one or two units and to allow such homeowners to engage an individual for hire who does not posses a license,provided that such homeowner shall act as supervisor. (State Building Code Section 110 R5.1.3.1) Definition of Homeowner: • • Person(s)who owns a parcel of land on which he/she resides or intends to reside,on whi.li there is or is intended to be,a one or two family attached or detached structure assessory to such use and/or f structures. A person who constructs more than one home in a two-year period shall not be considered a homeovner.;such"homeowner"shall submit to the building official,on a form acceptable to the building official,that he/she shall be responsible for all such work performed under the buildi02 permit. (Section 110 R5.1.3.1) The undersigned `homeowner' assumes responsibility for compliance with the State Building Code and other applicable codes, by-laws, rules and regulations. The undersigned 'homeowner' certifies that he/ she understands the Town of Yarmouth Building Department minimum inspection procedures and requirements and that he / she will comply with said procedures and requirements. HOMEOWNER"S SIGNATURE APPROVAL OF BUILDING OFFICIAL F. , 11i ISURANCE COVERAGE: I have a current liability insurance policy or its substantial equivalent, which meet' the requirements of MGL Ch.142. Yes No If you have checked yes,please indicate the type coverage by checking the appropriate box. A liability insurance policy Other type of indemnity Bond OWNER'S INSURANCE WAIVER: I am aware that the licensee does not have the incur ' ce coverage required by Chapter 142 of the Mass. General Laws and that my signature on this permit applicati naives this requirement. Check one: Signature of Owner or Owner's Agent Owner Agent h•horneownrlicexemp i •-• ^ r' ,/ ,7„; ".:. •i siL ylt,p 51)8-398-.2.2-3 tf! 1-K 508-39E5 . : BUILDING DEPARTMENT DEMOLITION DEBRIS DISPOSAL AFFI I VIT Pursuant to M.G. L. Chapter 40, Section 54 and 780 CMR, Chapter 1, Sectior 1 1/5 I hereby certify that the debris resulting from the proposed work/demolition to be conducted at 27 Briar Circle,Unit B,S.Yarmouth,Ma 02664 Work Address ,Is to be disposed of at the following location: Marchand Environment Dum st r Company Said disposal site shall be a licensed solid waste facility as defined by M.G.L. Chapter 111, Section 150A. • 12/15/2022 Signature of Applicant Date Permit No. A CERTIFICATE OF LIABILITY INSURANCE DATE(MM,°°"YYY' 01/11/2022 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND,EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S),AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED,the policy(ies)must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED,subject to the terms and conditions of the policy,certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER CONTACT NAME: Beacon Trust Insurance PHONE EMI (857)334-9167 i. I Nei: (781)519-4553 902 VWshington St A ADDR ORESS: INSURERS)AFFORDING COVERAGE NAIC M Braintree MA 02184 INSURER A: Western Nbrty INSURED INSURER B:. 22 Sunnyplain LLC INSURERC: 1370 Do-Chester Ave Suite 24 INSURER D INSURER E: Dorchester MA 02122 INSURER F COVERAGES CERTIFICATE NUMBER: CL2211100100 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES,LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR ADDL U9R POLICY EFF POLICY EXP LTR TYPE OF INSURANCE INSO WVD POLICY NUMBER (MMIDO YYY) (MMIDDIYYYY) LIMITS COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE S 1,000,000 DAMAGE I-0 REV EU CLAIMS-MADE XI OCCUR PREMISES(Ea occurrence) : $ 100,D00 MED EXP(Any ore person} S 5,000 A S8X153841 01/10/2022 01/10/2023 PERSONAL BADVINJURY $ 1,000,000 GEN'L AGGREGATE LIMIT APPLIES PER' GENERAL AGGREGATE S 2.000,000 POLICY PRO JECT LOC PRODUCTS-COMP/OP AGG S 1,000,000 OTHER S AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT $ iEa acciden1) ANY AUTO BODILY INJURY iPer person; $ AUTOS SCHEDULED BODILY INJURY Per accident) $ AUTOS ONLY AUTOS '.. HIRED NON•OV:NED PROPERTY DAMAGE $ '.. _ AUTOS ONLY AUTOS ONLY ,(Per accdanl} UMBRELLA LIAS _ OCCUR EACH OCCURRENCE $ EXCESS LIAR CLAIMS-MADE AGGREGATE $ DEC RETENTION$ S WORKERS COMPENSATION PER OTH- AND'EMPLOYERS"LIABILITY YIN'. STATUTE_ ER ANY PROPRIETORIPARTNERIEXECUTIVE NIA E.L.EACH ACCIDENT $ OFFICER/MEMBER EXCLUDED (Mandatory In NH) E L.DISEASE-EA EMPLOYEE $ If yes,Cascnbe under DESCRIPTION OF OPERATIONS below E.L.05EASE-POLICY L':.MIT $ DESCRIPTION OF OPERATIONS/LOCATIONS)VEHICLES(AGGRO 101,Addttionsl Remarks Schedule,may be attached iI more space Is required) CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF,NOTICE WILL BE DELIVERED IN City of Boston ACCORDANCE WITH THE POLICY PROVISIONS. 1010 Massachusetts Ave AUTHORIZED REPR ATME - Boston MA 02118 © 88-2015 ACORD CORPORATION. All rights reserved. ACORD 25(2016103) The ACORD name and logo are registered marks of ACORD g—ie ,C1,),:) .4)-e/4 Office of Consumer Affairs a d Business Regulation 1000 Washington Street - Suite 710 Boston, Massachusetts 02118 Home Improvement Contractor Registration it Type: Supplement Card 22 SUNNYPLAIN LLC Registration: 197403 Expiration: 12/05/2023 1370 DORCHESTER AVE SUITE 24 DORCHESTER, MA 02122 Update Address and Return Card. SCA_1-u--20M-05/17 Office f C �i5f r ¢usA -s1,34 �a,An FI ME IPR(S�VI CON I AC 12 Registration valid for individual use only TYPE:Supplement Card before the expiration date. If found return to: Registration Expiration Office of Consumer Affairs and Business Regulation 197403 12/05/2023 1000 Washington Street -Suite 710 22 SUNNYPLAIN LLC Boston,MA 02118 THAO X. NGUYEN 1370 DORCHESTER AVE i;j",G%sek SUITE 24 Undersecretary t valid without signature DORCHESTER,MA 02122 fix' t 0 to i ,73 -. 0 "s k rip rit s� .i:. US /� �• o^Y > .1 o'; 2 444 ° s \ ' k tP In u04 '`1%•"c•• ', 4 mow! ,e, tA 0 au ,...., ,, z z t„, .... .1„. , to t.t, I,.... tti ..... 4„,,,. .e) ..to 4,_ t: ,cr) t..) a to z 4.4. 4... .. 4., et, e, co, t t) 40 c..) I 4.,b z 40 ..„ 4z> ct ftt ....,;, ,.,,,,,,,,/, . 4„„„ „....... i ili, ,,,,,,... ,_,,, ,,, , ..... . ,,,) , ,,,,,:k- 44 pi& V 144* i 0 § -•—.47° 0 at, s � // F � •� 4 �� his fy/ �rrf Borrower Nguyen,Hieu File No. 202111-10 Property Address 27 Briar Cir City South Yarmouth County Bamstable State MA Zip Code 02664 Lender/Client United Wholesale Mortgage TABLE OF CONTENTS Condo 1 Additional Comparables 4-6 7 Single Family Comparable Rent Schedule 8 Operating Income Statement 9 Market Conditions Addendum to the Appraisal Report 11 General Text Addendum 12 USPAP Compliance Addendum 14 Subject Photos 15 Interior Photos 16 Interior Photos 17 Interior Photos 18 Comparable Photos 1-3 19 Comparable Photos 4-6 20 Rentals Photos 1-3 21 Building Sketch 22 Location Map 23 License Information 24 E&O 25 Form TOCNP-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Cornerstone Valuation Services(781)689-0084 Individual Condominium Unit Appraisal Report File#2021 1 1-1 0 The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property. Property Address 27 Briar Cir Unit# B City South Yarmouth State MA Zip Code 02664 Borrower Nguyen,I-lieu Owner of Public Record Cooney Peter and Lucas Carole County Barnstable Legal Description Book:12698 Page:51 Assessors Parcel# M:0025 B:0337 L:ARM-000025-000337 Tax Year 2021 R.E.Taxes$ 6,423 - Project Name 27 Briar Cir Phase# 1 Map Reference 12700 Census Tract 0120.02 le Occupant ❑Owner ❑Tenant ®Vacant Special Assessments$ 0 HOA$ 0 ❑per year ❑per month E Property Rights Appraised RI Fee Simple ❑Leasehold ❑Other(describe) m Assignment Type Z Purchase Transaction ❑Refinance Transaction ❑Other(describe) Lender/Client United Wholesale Mortgage Address 585 South Boulevard E.,Pontiac,MI 48341 Is the subject property currently offered for sale or has rt been offered for sale in the twelve months prior to the effective date of this appraisal? ®Yes ❑No Report data source(s)used,offering price(s),and date(s). DOM 134;The subject was offered for sale on 07/15/2021 for$1,250,000,per MLSPIN#72867048.The _most recent list price is$1,199,000 and the subject is now under contract with a contract date of 11/26/2021.This listing includes all 3 units in the protect. I ®did ❑did not analyze the contract for sale for the subject purchase transaction.Explain the results of the analysis of the contract for sale or why the analysis was not performed. Arms length sale;The purchase and sale agreement was reviewed.The terms and conditions associated with the sale of the subject c�i are typical for the current market. Contract Price$ 325,000 Date of Contract 11/24/2021 Is the property seller the owner of public record? ®Yes ❑No Data Source(s) County Records z Is there any financial assistance(loan charges,sale concessions,gift or downpayment assistance,etc)to be paid by any party on behalf of the borrower? ❑Yes ®No If Yes,report the total dollar amount and describe the hems to be paid. $0;; _ Note:Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood Characteristics Condominium Unit Housing Trends Condominium Housing Present Land Use% Location ❑Urban ®Suburban ❑Rural Property Values ®Increasing ❑Stable ❑Declining PRICE AGE One-Unit 80% Built-Up Over 75% ❑25-75% ❑Under 25% Demand/Supply ®Shortage ❑In Balance ❑Over Supply $(000) (yrs) 2-4 Unit 5% o Growth ❑Rapid ®Stable ❑Slow Marketing Time ®Under 3 mths ❑3-6 Ohs ❑Over 6 nits 130 Low 31 Multi-Family 5% Neighborhood Boundaries The subjects neighborhood is bounded by Buck Island Rd to the north, 488 High 151 Commercial 10% re °m Nantucket Sound to the south,Bass River to the east and Lewis Bay to the west. 265 Prod. 71 Other % Neighborhood Description The subjects neighborhood is primarily comprised of SFR properties.This neighborhood is convenient to the major employment centers,shopping and dining.Emergency services and utilities are adequate.A significant portion of the properties throughout this area are short term or seasonal rentals. Market Conditions(including support for the above conclusions) The subjects neighborhood has a significant shortage of available inventory.This shortage has lead to significant price increases as demand remains high. Topography Basically Level Size 15,500 sf Density Average View N;Res; Specific Zoning Classification R-25 Zoning Description Residential _ Zoning Compliance ®Legal 0 Legal Nonconforming-Do the zoning regulations permit rebuilding to current density? ❑Yes ❑No ❑No Zoning n Illegal(describe) Is the highest and best use of subject property as improved(or as proposed per plans and specifications)the present use? ®Yes 0 No If No,describe Di Utilities Public Other(describe) Public Other(descrbe) Off-she Improvements-Type Public Private Electricity ® 0 Water ® ❑ Street Asphalt Gas ® ❑ Sanitary Sewer ❑ ®Shared Septic Alley None ❑ 0 FEMA Special Rood Hazard Area ®Yes ❑No FEMA Flood Zone AE FEMA Map# 25001C0589J FEMA Map Date 07/16/2014 Are the utilities and off-site improvements typical for the market area? ®Yes n No If No,describe Are there any adverse site conditions or external factors(easements,encroachments,environmental conditions,land uses,etc.)? 0 Yes ®No If Yes,describe See attached addenda. Data source(s)for project information HOA/Inspection/Mls/Owner Project Description ❑Detached ®Row or Townhouse ❑Garden ❑Mid-Rise ❑High-Rise ❑Other(describe) General Description General Description Subject Phase If Project Completed If Project Incomplete #of Stories 2 Exterior Walls Wd #of Units 3 #of Phases 1 #of Planned Phases #of Elevators 0 Roof Surface Comp #of Units Completed 3 #of Units 3 #of Planned Units ®Existing 0 Proposed Total#Parking 2 #of Units For Sale 3 #of Units for Sale 3 #of Units for Sale ❑Under Construction Ratio(spaces units) 2/1 #of Units Sold 3 #of Units Sold 3 #of Units Sold Year Built 1940 Type Open #of Units Rented 0 #of Units Rented 0 #of Units Rented Effective Age 20 Guest Parking St #of Owner Occupied Units 1 #of Owner Occupied Units 1 #of Owner Occupied Units z Project Primary Occupancy Q Principal Residence U Second Home or Recreational ®Tenant F- Is the developer/builder in control of the Homeowners'Association(HOA)? ❑Yes ®No Management Group- /4 Homeowners'Association •Developer •Management Agent-Provide name of management company. The condo is.ovemed b o master insurance. Does any single entity(the same individual,investor group,corporation,etc.)own more than 10%of the total units in the project? ®Yes 0 No it Yes,Describe 15 Currently one owner owns all three units. w re Was the project created by the conversion of existing building(s)into a condominium? ❑Yes ►/ No it Yes,describe the original use and date of conversion. Are the units,common elements,and recreation facilities complete(including any planned rehabilitation for a condominium conversion)? ®Yes ❑No it No,describe Is them any commercial space in the project? ❑Yes ®No If Yes,describe and indicate the overall percentage of the commercial space. Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 1 of 6 Fannie Mae Form 1073 March 2005 Form 1073UAD-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Individual Condominium Unit Appraisal Report Fib#202111-10 Describe the condition of the project and quality of construction. The quality and condition of the project is considered to be typical for the surrounding market area. o Describe the common elements and recreational facilities. The common elements of the project include the following:Drive and greenbelt an a o Are any comrgon elements leafed to or by the Homeowners'Association? ❑Yes ®No If Yes,describe the rental terms and options. z U W o Is the project subject to a ground rent? IN Yes 0 No If Yes,$ per year(describe terms and conditions) a 6 Are the parking facilities adequate for the project size and type? ®Yes ❑No If No,describe and comment on the effect on value and marketability. I ❑did ®did not analyze the condominium project budget for the current year.Explain the resets of the analysis of the budget(adequacy of fees,reserves,etc.),or why the analysis was not performed. The project budget was not made available for review through the normal scope of work involved with this assignment. ti Are there any other fees(other than regular HOA charges)for the use of the project facilities? ❑Yes ®No If Yes,report the charges and describe. 2 Compared to other competitive projects of similar quality and design,the subject unit charge appears D High ®Average ❑Low If High or Low,describe Are there any special or unusual characteristics of the project(based on the condominium documents,HOA meetings,or other information)known to the appraiser? Yes ®No It Yes,describe and explain the effect on value and marketability. Unit Charge$ 0 per month X 12=$ 0.00 per year Annual assessment charge per year per square feet of gross living area=$ 0.00 Utilities included in the unit monthly assessment ®None ❑Heat ❑Air Conditioning ❑Electricity ❑Gas ❑Water ❑Sewer ❑Cable ❑Other(describe) ss `' _ 'ption Interior materials/condition I Amenities Appliances Car Storage floor# 1 Floors TI/Wd/Av ®Fireplace(s)# 1 ❑Refrigerator ❑None #of Levels 2 Walls Wallboard/Avg ❑WoodStove(s)#0 ®Range/Oven ❑Garage ❑ Covered ® Open Heating Type FWA Fuel gas Trim/Finish Wood/Avg ❑Deck/Patio None ❑Disp ❑Microwave #of Cars 2 ❑Central AC ®Individual AC Bath Wainscot Tile/Avg ❑Porch/Bakony None Dishwasher ®Assigned ❑Owned 0 Other(describe) Doors Wd/Av ❑Other None ❑Washer/Dryer Parking Space# NA Finished area above grade contains: 6 Rooms 2 Bedrooms 2.0 Bath(s) 1.208 Square Feet of Gross Living Area Above Grade Are the heating and cooling for the individual units separately metered? ®Yes ❑No If No,describe and comment on compatibility to other projects in the market area. z O a Additional features(special energy efficient items,etc.) Wood floors,fireplace oDescribe the condition of the property(including needed repairs,deterioration,renovations,remodeling,etc.). C4;No updates in the prior 15 years;See attached addenda for further commenta on the sub'ects condition of im•rovements. z Are there any physical deficiencies or adverse conditions that affect the livability,soundness,or structural integrity of the property? ❑Yes ®No ff Yes,describe See attached addenda. Does the property generally conform to the neighborhood(functional utility,style,condition,use,construction,etc.)? ®Yes ❑No If No,describe I LI did ❑did not research the sale or transfer history of the subject property and comparable sales.If not,explain My research 0 did ®did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Data source(s) Realist My research ❑did ®did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale. Data source(s) MLS;Realist Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales(report additional prior sales on page 3). ITEM SUBJECT COMPARABLE SALE#1 COMPARABLE SALE#2 COMPARABLE SALE#3 1±1 Date of Prior Sale/Transfer in Price of Prior Sale/Transfer p Data Source(s) Realist Realist Realist Realist a Effective Date of Data Source(s) 12/01/2021 12/01/2021 12/01/2021 12/01/2021 Analysis of prior sale or transfer history of the subject property and comparable sales. See attached addenda. Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 2 of 6 Fannie Mae Form 1073 March 2005 Form 1073UAD-'TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Individual Condominium Unit Appraisal Report File# 202111-10 There are 2 comparable properties currently offered for sale in the subject neighborhood ranging in price from $ 225,000 to$ 525,000 • There are 17 comparable sales in the subject neighborhood within the past twelve months ranging in sale price from$ 130,000 to$ 487,551 • FEATURE I SUBJECT COMPARABLE SALE#1 COMPARABLE SALE#2 COMPARABLE SALE#3 Address and 27 Briar Cir 18 Wood Rd 184 S Sea Ave 190 Seaview Ave Unit# B,South Yarmouth,MA 02664 18,South Yarmouth,MA 02664 31,West Yarmouth,MA 02673 190,South Yarmouth,MA 02664 Project Name and 27 Briar Cir 18 Wood Rd South Sea Village Wayfarers Condominiums Phase 1 1 1 1 Proximity to Sybject ' -) 1.53 miles NE 0.90 miles W 0.07 miles S Sale Price $ 325,000 $ 345,000 //{$ 380,000 .? $ 362,521 Sale Price/Gross Liv.Area $ 269.04 sq.h $ 266.20 sq.ft $ 301.59 Sq.ft. ';"' ,,,$ 569.11 sq.ft. Data Source(s) MLSPIN#72774145;DOM 38 MLSPIN#72809007;DOM 3 MLSPIN#72823428;DOM 19 Verification Source(s) Pblc Rcrds;Realist Doc#1431590;Realist Pblc Rcrds;Realist VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION I +(-)$Adjustment DESCRIPTION +(-)$Adjustment DESCRIPTION +(-)$Adjustment Sales or Financing ArmLth ArmLth ArmLth Concessions Conv;0 Conv;0 Conv;0 Date of Sale/Time s04/21;c02/21 +34,500 s06/21;c04/21 +30,500 s06/21;c05/21 +25,500 Location N;Res: N;Res; N;Res; N;Res; Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple HOA Mo.Assessment 0 0 275 0 200 0 Common Elements None None None None and Rec.Facilities None None None None Floor Location 1 1 1 1 =View N;Res; N;Res; N;Res; N;Res; a Design(Style) RT2L;Twnhse DT2L;Cape -20,000 DT2L;Cape -20,000 GR1 L;Garden 0 rc Quality of Construction Q4 Q4 Q4 Q4 a Actual Age 81 50 0 81 71 0 Condition C4 C4 C3 -30,000 C3 -30,000 9,Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Burma. Baths a Room Count 6 2 2.0 6 4 1.1 -16,500 6 3 1.1 -6,500 4 2 11.0 +7,000 a Gross Living Area 1,208 sq.ft. 1,296 sq.ft. 0 1,260 sq.ft. 0 637 sq.ft. +28,500 0 Basement&Finished 576sf0sfwu 575sfOsfwu 0 575sf0sfwu 0 Osf 0 w Rooms Below Grade a Functional Utility Average Average Average Average m Heating/Cooling FWA;Baseboard FWA;NoAC 0 Steam;NoAC 0 Baseboard;NoAC 0 Energy Efficient ttems None None None None Garage/Carport 2op;Assign 4op;Assign 0 1g3op;Assign -10,000 2op;Assign Porch/Patio/Deck None None EndPorch;Deck 0 None Exterior Features None None None None Pool/Fireplace None;1 FP None;None 0 None;1 FP None;None 0 Net Adjustment(Total) ❑+ ®- $ -2,000 ❑+ ® - $ -36,000 ®+ ❑ - $ 31,000 Adjusted Sale Price Net Adj. 0.6% Net Adj. 9.5% Net Adj. 8.6% of Comparables Gross Adj. 20.6% $ 343,000 Gross Adj. 25.5% $ 344,000 Gross Adj. 25.1% $ 393,521 Summary of Sales Comparison Approach See attached addenda. _Indicated Value by Sales Comparison Approach S 345.000 INCOME APPROACH TO VALUE(not required by Fannie Mae) iii Estimated Monthly Market Rent$ 1,400 X Gross Rent Multiplier =S Indicated Value by Income Approach o Summary of Income Approach(including support for market rent and GRM) The income approach is considered to be inapplicable Indicated Value by:Sales Comparison Approach$ 345,000 Income Approach(if developed)$ See attached addenda z 0 a J ____.,------- ZU O ti is ape sisal is m.. ®"as is", ❑ subject to comp ion per plans and specifications on the basis of a hypothetical condition that the improvements have been confpfeted, subject to the following repairs or atteratio s on the basis of a hypothetical condition that the repairs or alterations have been completed, or❑subject to the following required inspection based on the extraordinary a mption that the condition or deficiency does not require alteration or repair See attached addenda. Based on a complete visual inspection of the i rior and exterior areas of the subject property, defined scope of work, statement of assumptions and limiting conditions, and appraiser's certification, my (o opinion of the market value, as defined, of the real property that is the subject of this report is $ 345,000 ,asof 12/02/ 1 , which is the date of inspection and the effective date of this appraisal. Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 3 of 6 Fannie Mae Form 1073 March 2005 Form 1073UAD-"TOTAL"appraisal software by a la mode,inc -1-800-ALAMODE Individual Condominium Unit Appraisal Report File#202111-10 This report form is designed to report an appraisal of a unit in a condominium project or a condominium unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, 'definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject unit, (2) inspect and analyze the condominium project, (3) inspect the neighborhood, (4) inspect each of the comparable sales from at least the street, (5) research, verify, and analyze data from reliable public and/or private sources, and (6) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 4 of 6 Fannie Mae Form 1073 March 2005 Form 1073UAD-'TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Individual Condominium Unit Appraisal Report File# 202111-10 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements,in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law, 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific resit or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for It. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 5 of 6 Fannie Mae Form 1073 March 2005 Form 1073UAD-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE • Individual Condominium Unit Appraisal Report File#202111-10 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sale, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or Its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penalties Including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER SUPERVISORY APPRAISER(ONLY IF REQUIRED) ‘Plir Signature ��, Signature Name Jason T Rhoades Name Company Name Corn -Valuation Services LLC Company Name Company Address 18 u mer St,Ste 6-339 Company Address _ Kingston,MA 02364 Telephone Number (781)689-0084 Telephone Number Email Address orderstcvsappraisals.net Email Address Date of Signature and Report 12/08/2021 Date of Signature Effective Date of Appraisal 12/02/2021 State Certification# State Certification# MACR#1000076 or State License# or State License# State or Other(describe) State# Expiration Date of Certification or License State MA Expiration Date of Certification or License 04/10/2023 SUBJECT PROPERTY ADDRESS OF PROPERTY APPRAISED ❑ Did not inspect subject property 27 Briar Cir ❑ Did inspect exterior of subject property from street B,South Yarmouth,MA 02664 Date of Inspection APPRAISED VALUE OF SUBJECT PROPERTY$ 345,000 ❑ Did inspect interior and exterior of subject property LENDER/CLIENT Date of Inspection Name UWM Appraisal Direct COMPARABLE SALES Company Name United Wholesale Mortgage Company Address 585 South Boulevard E.,Pontiac,MI 48341 ❑ Did not inspect exterior of comparable sales from street ❑ Did inspect exterior of comparable sales from street Email Address Date of Inspection Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 6 of 6 Fannie Mae Form 1073 March 2005 Form 1073UAD-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Individual Condominium Unit Appraisal Report File#202111-10 FEATURE I SUBJECT COMPARABLE SALE#4 COMPARABLE SALE#5 COMPARABLE SALE#6 Address and 27 Briar Cir 186 Seaview Ave 109 Seaview Ave Unit# B,South Yarmouth,MA 02664 5,South Yarmouth,MA 02664 3,South Yarmouth,MA 02664 Project Name and 27 Briar Cir Wayfarers Condominiums Wayfarers Condominiums Phase 1 1 1 Proximity to Subject ;, 0 07 miles S 0.23 miles NW Sale Price $ 325,000 ,'' 1$ 350)000 .„,,t'; "" $ 279 999 Sale Price/Gross Liv.Area ' $ 269.04sq.ft.$ 549.45 sq.ft.' """` :$ 430.77 sq.ft. $ sq I Data Source(s) ti, MLSPIN#72839077;D0M 17 MLSPIN#72889907;D0M 91 Verification Source(s) Pblc Rcrds;Realist Realist VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-)$Adjustment DESCRIPTION +(-)$Adjustment DESCRIPTION +(-)$Adjustment Sales or Financingit• ArmLth Listing Concessions Conv;0 List Red;0 Date of Sala/Time ;s s08/21;c06/21 c11/21 Location N;Res; N;Res; N;Res; =Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple —_ o HOA Mo.Assessment 0 300 0 259 0 a Common Elements None None None a and Rec.Facilities None None None o Floor Location 1 1 1 View N;Res; N;Res; N;Res; a Design(Style) RT2L;Twnhse GR1L;Garden 0GR1L;Garden 0 Quality of Construction Q4 Q4 Q4 N Actual Age 81 71 0 61 0 Cond tion C4 C4 C4 cn Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths _ _-- Room Count 6 2 2.0 4 2 1.0 +7,000 4 2 2.0 0 Gross Living Area 1,208 sq.ft. 637 sq.ft. +28,500 650 sq.ft. +28,000 sq.FL Basement&Finished 576sf0sfwu 0sf 0 Oaf 0 Rooms Below Grade Functional Utility Average Average Average Heating/Cooling FWA;Baseboard Baseboard;NoA( 0 Baseboard;NoAC 0 Energy Efficient hems None None None Garage/Carport 2op;Assign 2op;Assign 2op;Assign Porch/Pato/Deck None None None Exterior Features None None None Pool/Fireplace None;1 FP None;None 0 None;None 0 Net Adjustment(Total) ®+ ❑- $ 35,500 ®+ ❑- $ 28,000 ❑+ ❑- $ Adjusted Sale Price 'Net Adj. 10.1% Net Adj. 10.0% Net Adj. % _of Comparables , „VAGross Adj. 10.1% $ 385,500 Gross Adj. 10.0% $ 307,999 Gross Adj. % $ Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales(report additional prior sales on page 3). Y ITEM SUBJECT COMPARABLE SALE#4 COMPARABLE SALE#5 COMPARABLE SALE#6 o Date of Prior Sale/Transfer Price of Prior Sale/Transfer 2 Data Source(s) Realist Realist Realist LL Effective Date of Data Source(s) 12/01/2021 12/01/2021 12/01/2021 Analysis of prior sale or transfer history of the subject property and comparable sales ce I- w J Q N Analysis/Comments FIRREA Certification Statement: The appraiser certifies and agrees that this appraisal report was prepared in accordance with the requirements of Title XI of the Financial Institutions,Reform,Recovery,and Enforcement Act(FIRREA)of 1989,as amended(12 U.S.C.3331 et seq.),and any applicable implementing regulations in effect at the time the appraiser signs the appraisal certification. z z w 2 0 U Freddie Mac Form 465 March 2005 UAD Version 9/2011 Fannie Mae Form 1073 March 2005 Fonn 1073UAD.(AC)-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Cornerstone Valuation Services(781)689-0084 SINGLE FAMILY COMPARABLE RENT SCHEDULE File# 202111-10 This form is intended to provide the appraiser with a familiar format to estimate the market rent of the subject property. Adjustments should be made only for items of significant difference between the comparables and the subject property. ITEM I SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 169 Seaview Ave 270 Ocean Ave 357 Main St Address 27 Briar Cir B,South Yarmouth MA 02664 South Yarmouth,MA 02664 Hyannis,MA 02601 Hyannis,MA 02601 0.05 miles W 3.88 miles W 3.55 miles W Proximity to Subject Date Lease Begins Month to Month to Month to Date Lease'Expires Month Month Month Monthy Rental If Currently Rented:$ _ _ $ 1,675 $ 1,400 $ 1,850 Less:Utilities $ $ 0 $ 0 $ 0 Furniture 0 0 0 Adjusted Monthly Rent $ $ 1,675 $ 1,400 $ 1,850 Data SourceMLSPIN#72861148;DOM 33 MLSPIN#72893512;DOM 7 MLSPIN#72909994,DOM 13 Realist Realist Realist RENT ADJUSTMENTS DESCRIPTION DESCRIPTION I +(—)SAdjust. DESCRIPTION I +(—)$Adjust. DESCRIPTION +(—)SAdjust. Rent .None None None Concessions Noted Noted Noted LocationNiew N;Res; N;Res; N;Res; B;Cmrcl -150 N;Res; N;Res; N;Res; N;Res; Design and Appeal RT2L;Twnhse DT1L;Ranch 0 DT1L;Ranch 0 MR1L;Midrise Age/Condition 81 65 0 70 0 97 0 C4 C4 C4 C3 -300 Above Grade Total:Bdrms: Baths Total:Bdrms: Baths Total:Bdrms: Baths Total:Bdrms: Baths Room Count 6 : 2 : 2.0 4 : 2 : 1 0 4 : 2 : 1 0 4 ; 2 : 1 0 Gross Living Area 1,208 Sq.Ft. 825 Sq.Ft. 0 800 Sq.Ft. 0 800 Sq.Ft. 0 Other(e.g.,basement, 576sf0sfwu Osf Osf Osf etc.) Other None SFR -250 None None None;2 FP None;None None;None None;None Net Adj.(total) n+ is -250 + $ 0 n+ $ -450 Indicated Monthly Net 14.9 ' Net 24 3 % Market Rent Gross 14.9 %$ 1,425. ,, »#$ 1,400 Gross 24.3 %$ 1,400 Comments on market data,including the range of rents for single family properties,an estimate of vacancy for single family rental properties,the general trend of rents and vacancy,and support for the above adjustments. (Rent concessions should be adjusted to the market,not to the subject property.) The comps selected for this grid are chosen as they are among the best available rental units with reliable public data.No comps were found that bracketed the subjects gla or design.Comp 1 is an SFR property as there were an insufficient number of year around condo rentals available for inclusion within reasonable distance or time.Therefore no adjustment is applied for GLA.Comp 3 shows superior condition and location with walking distance to in town amenities,each is adjusted on matched pairs.MLS photo is used to represent comp 3 due to traffic and the inability to get a clear photo safely. Final Reconciliation of Market Rent: Comps 1 and 2 are given tte greatest weightir I(WE)ESTIMATETHEMONTHLYMARKET NTOFRIE°S 12/02/2021 TO BES 1,400 Appraiser(s) SIGNATURE Review Appraiser SIGNATURE NAME Jason T Rhoa s (H applicable) NAME Date Property Inspected 12/02/2021 port Signed 12/08/2021 Date Property Inspected Report Signed License or Certification# MACR#1000076 State MA License or Certification# State Expiration Date of License or Certification 04/10/2023 Expiration Date of License or Certification Review Appraiser ❑Did ❑ Did Not Inspect Subject Property Freddie Mac Form 1000 (8/88) Fannie Mae Form 1007(B/BB) Form 1007-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE • Operating Income Statement 202111-10 One-to Four-Family Investment Property and Two-to Four-Family Owner-Occupied Property Property Address 27 Briar Cir South Yarmouth MA 02664 Street City State Zip Code General Instructions: This form is to be prepared jointly by the loan applicant,the appraiser,and the lender's underwriter.The applicant must complete the following schedule indicating each unit's rental status,lease expiration date,current rent,market rent,and the responsibility for utility expenses.Rental figures must be based on the rent for an"unfurnished"unit. Currently Expiration Current Rent Market Rent Paid Paid Rented Date Per Month Per Month Utility Expense By Owner By Tenant Unit No.1 Yes n No M $ $ 1,400 Electricity ❑ Unit No.2 Yes n No n $ $ Gas ❑ Unit No.3 Yes_n No n $ $ Fuel Oil ❑ Unit No.4 Yes n No I-1 $ $ Fuel(Other) ❑ Total $ $ 1,400 Water/Sewer ❑ Trash Removal ❑ The applicant should complete all of the income and expense projections and for existing properties provide actual year-end operating statements for the past two years(for new properties the applicant's projected income and expenses must be provided). This Operating Income Statement and any previous operating statements the applicant provides must then be sent to the appraiser for review,comment,and/or adjustments next to the applicant's figures(e.g.Applicant/Appraiser 288/300). If the appraiser is retained to complete the form instead of the applicant,the lender must provide to the appraiser the aforementioned operating statements,mortgage insurance premium,HOA dues,leasehold payments,subordinate financing,and/or any other relevant information as to the income and expenses of the subject property received from the applicant to substantiate the projections.The underwriter should carefully review the applicant's/appraiser's projections and the appraiser's comments concerning those projections.The underwriter should make any final adjustments that are necessary to more accurately reflect any income or expense items that appear unreasonable for the market.(Real estate taxes and insurance on these types of properties are included in PITI and not calculated as an annual expense item)Income should be based on the current rents,but should not exceed market rents. When there are no current rents because the property is proposed,new,or currently vacant,market rents should be used. Annual Income and Expense Projection for Next 12 months Adjustments by Income(Do not include income for owner-occupied units) By Applicant/Appraiser Lender's Underwriter Gross Annual Rental(from unit(s)to be rented) (Market) $ 16,800 $ Other Income(include sources) + 0 + Total $ 16,800 $ Less Vacancy/Rent Loss — 2,520 ( 15%)— ( %) Effective Gross Income $ 14,280 $ Expenses(Do not include expenses for owner-occupied units) Electricity 0 Gas 0 Fuel Oil 0 Fuel (Type- ) 0 Water/Sewer 0 Trash Removal 0 Pest Control 0 Other Taxes or Licenses 0 Casual Labor 0 This includes the costs for public area cleaning,snow removal,etc.,even though the applicant may not elect to contract for such services. Interior Paint/Decorating 0 This includes the costs of contract labor and materials that are required to maintain the interiors of the living unit. General Repairs/Maintenance 1,000 This includes the costs of contract labor and materials that are required to maintain the public corridors,stairways,roofs,mechanical systems, grounds,etc. Management Expenses 1,700 These are the customer expenses that a professional management company would charge to manage the property. Supplies This includes the costs of items like light bulbs,janitorial supplies,etc. Total Replacement Reserves-See Schedule on Pg.2 830 Miscellaneous Total Operating Expenses $ 3,530 $ Freddie Mac This Form Must Be Reproduced By Seller Fannie Mae Form 998 Aug 88 Page 1 of 2 Form 216 Aug 88 Cornerstone Valuation Services(781)689-0084 Form INC2-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Replacement Reserve Schedule Adequate replacement reserves must be calculated regardless of whether actual reserves are provided for on the owners operating statements or are customary in the local market. This represents the total average yearly reserves. Generally,all equipment and components that have a remaining life of more than one year-such as refrigerators,stoves,clothes washers/dryers,trash compactors,furnaces,roofs,and carpeting, etc.-should be expensed on a replacement cost basis. Equipment Replacement Remaining By Applicant/ Lender Cost Life Appraiser Adjustments Stoves/Ranges •@ $ 700 ea. + 4 Yrs.x 1 Units= $ 175 $ Refrigerators' @ $ ea. + Yrs.x Units= $ $ Dishwashers @ $ ea. + Yrs.x Units= $ $ NC Units @ $ ea. + Yrs.x Units= $ $ C.Washer/Dryers @ $ ea. + Yrs.x Units= $ $ HW Heaters @ $ ea. + Yrs.x Units= $ $ Fumace(s) @ $ ea. + Yrs. x Units= $ $ (Other) @ $ ea. + Yrs. x Units= $ $ Roof @ $ 5,000 + 20 Yrs.x One Bldg.= $ 250 $ Carpeting(Wall to Wall) Remaining Life (Units) 135 Total Sq.Yds. @ $ 15 Per Sq.Yd. + 5 Yrs. = $ 405 $ (Public Areas) Total Sq.Yds. @ $ Per Sq.Yd. + Yrs. = $ $ Total Replacement Reserves.(Enter on Pg.1) $ 830 $ Operating Income Reconciliation $ 14,280 — $ 3,530 = $ 10,750 + 12 = $ 896 Effective Gross Income Total Operating Expenses Operating Income Monthly Operating Income $ 896 _ — $ = $ Monthly Operating Income Monthly Housing Expense Net Cash Flow (Note:Monthly Housing Expense includes principal and interest on the mortgage,hazard insurance premiums,real estate taxes,mortgage insurance premiums,HOA dues,leasehold payments,and subordinate financing payments.) Underwriter's instructions for 2-4 Family Owner-Occupied Properties • If Monthly Operating Income is a positive number,enter as"Net Rental Income"in the"Gross Monthly Income"section of Freddie Mac Form 65/Fannie Mae Form 1003.If Monthly Operating Income is a negative number,it must be included as a liability for qualification purposes. • The borrower's monthly housing expense-to-income ratio must be calculated by comparing the total Monthly Housing Expense for the subject property to the borrower's stable monthly income. Underwriter's instructions for 1-4 Family Investment Properties • If Net Cash Flow is a positive number,enter as"Net Rental Income"in the'Gross Monthly Income"section of Freddie Mac Form 65/Fannie Mae Form 1003. If Net Cash Flow is a negative number,it must be included as a liability for qualification purposes. • The borrower's monthly housing expense-to-income ratio must be calculated by comparing the total monthly housing expense for the borrower's primary residence to the borrower's stable monthly income. Appraiser's Comments(Including sources for data and rationale for the projections) Jason T Rhoades 12/08/2021 Appraiser Name Appraiser i ture Date Underwriter's Comments and Rationale for Adjustments Underwriter Name Underwriter Signature Date Freddie Mac Fannie Mae Form 998 Aug 88 Page 2 of 2 Form 216 Aug 88 Form INC2-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Market Conditions Addendum to the Appraisal Report File No. 202111-10 The purpose of this addendum is to provide the lender/client with a clear and accurate understanding of the market trends and conditions prevalent in the subject neighborhood.This is a required addendum for all appraisal reports with an effective date on or after April 1,2009. Property Address 27 Briar Cir City South Yarmouth State MA ZIP Code 02664 Borrower Nguyen,Hieu Instructions:The appraiser must use the information required on this form as the basis for his/her conclusions,and must provide support for those conclusions,regarding housing trends and overall market conditions as reported in the Neighborhood section of the appraisal report form.The appraiser must fill in all the information to the extent it is available and reliable and must provide analysis as indicated below.If any required data is unavailable or is considered unreliable,the appraiser must provide an explanation.It is recognized that not all data sources will be able to provide data for the shaded areas below;if it is available,however,the appraiser must include the data in the analfsis.If data sources provide the required information as an average instead of the median,the appraiser should report the available figure and identify it as an average.Sales and listings must be properties that compete with the subject property,determined by applying the criteria that would be used by a prospective buyer of the subject property.The appraiser must explain any anomalies in the data,such as seasonal markets,new construction,foreclosures,etc. Inventory Analysis Prior 7-12 Months Prior 4-6 Months Current-3 Months Overall Trend Total#of Comparable Sales(Settled) 13 4 0 ❑Increasing ❑Stable ®Declining Absorption Rate(Total Sales/Months) 2.17 1.33 0.00 ❑Increasing ❑Stable ®Declining Total#of Comparable Active Listings 1 2 2 r❑Declining ;Z Stable ❑Increasing Months of Housing Supply(Total Listings/Ab.Rate) 0.5 1.5 N/A III Dearing Stable ❑Increasing Median Safe&List;Price,DOM,Sale/Use% Poor 7-12Months Prior 4-6 Months Current-3 Months Overall Trend Median Comparable Sale Price $235,000 $356,261 N/A El Increasing ❑Stable ❑Declining Median Comparable Sales Days on Market 16 10 N/A ❑Declining ®Stable ❑Increasing N Median Comparable List Price $350,000 $252,500 $375,000 ®Increasing []Stable 0 Declining Median Comparable Listings Days on Market 5 10 52 Declining ❑Stable 6Q Increasing;' Median Sale Pnce as%of List Pnce 100% 106% N/A ❑Increasing ®Stable ❑Declining Seller-(developer,builder,etc.)paid financial assistance prevalent? •Yes /1 No ❑Declining ®Stable ❑Increasing x Explain in detail the seller concessions trends for the past 12 months(e.g.,seller contributions increased from 3%to 5%,increasing use of buydowns,closing costs,condo a fees,options,etc.). An analysis was performed on 17 competing sales over the past 12 months.For those sales,a total of 5.9%were reported to have seller concessions.This analysis shows a change of+2.4%per month. rr rc f Are foreclosure sales(REO sales)a factor in the market? ❑Yes ®No If yes,explain(including the trends in listings and sales of foreclosed properties). An analysis was performed on 17 competing sales over the past 12 months.For those sales,a total of 0.0%were reported to be REO. Cite data sources for above information. Information reported in the MLSPIN system(using an effective date of 12/02/2021)was utilized to arrive at the results noted on this addendum.Any percent change results noted in these comments are based on simple regression. Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form.If you used any additional information,such as an analysis of pending sales and/or expired and withdrawn listings,to formulate your conclusions,provide both an explanation and support for your conclusions. An analysis was performed on 17 competing sales over the past 12 months.The sales within this group had a median sale price of$265,000. Based on all sales in this same group,there is a 1.4 month supply.This analysis shows a change of-14.1%per month.These sates had a median DOM of 16.This analysis shows a change of-6.5%per month. If the subject is a unit in a condominium or cooperative project,complete the following: Project Name: 27 Briar Cir Subject Project Data Prior 7-12 Months Prior 4-6 Months Current-3 Months Overall Trend Total#of Comparable Sales(Settled) ❑Increasing ❑Stable ❑Declining Absorption Rate(Total Sales/Months) ❑Increasing ❑Stable ❑Declining Total#of Active Comparable Listings ❑Declining ❑Stable " ❑Increasing Months of Unit Supply(Total Listings/Ab.Rate) ❑Declining ❑Stable []Increasing Are foreclosure sales(RED sales)a factor in the project? ❑Yes ❑No If yes,indicate the number of REO listings and explain the trends in listings and sales of foreclosed properties. w O u a O. O 0 U O - z o Summarize the above trends and address the impact on the subject unit and project. Signature Signature rr Appraiser Name Jason T ades Supervisory Appraiser Name w Company Name Come one aluation Services,LLC Company Name ix Company Address 182 mmir St,Ste 6-339,Kingston,MA 02364 Company Address a State License/Certification# MACR#1000076 State MA State License/Certification# State Email Address orders@cvsappraisals.net Email Address Freddie Mac Form 71 March 2009 Page 1 of 1 Fannie Mae Form 1004MC March 2009 Form 1004MC2-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Supplemental Addendum File No.202111-10 Borrower Nguyen,Hieu Property Address 27 Briar Cir City South Yarmouth County Bamstable State MA Zip Code 02664 Lender/Client United Wholesale Mortgage Statement Relative to the Coronavirus(COVID-19) COVID-19 has been declared a pandemic by the World Health Organization(WHO)and a national state of emergency in place. Substantial turmoil has occurred in financial markets and due to the developing situation,it is not possible at this time to quantity its long-term or short-term effects on real estate markets or on the subject property.The value opinion contained in this appraisal is based on findings of an analysis of market data available to the appraiser at the time of the assignment.The reader is cautioned and reminded that the conclusions presented in this appraisal report apply only as of the effective date(s)indicated. The appraiser makes no representation as to the effect on the subject property of any unforeseen event,subsequent to the effective date of the appraisal. Improvements-Condition of the Property The subject is considered to be in overall average condition.The overall physical deterioration of the subjects improvements are considered to be typical for the subjects effective age. The condition of the items listed within the exterior description of the subject were evaluated for the readily observable portions of those items.With this in mind,the foundation and exterior walls were not completely inspected and the condition rating given to these items are solely for the observable portions of them.The ratings for the foundation and exterior walls was not given for the portions of these items that are typically unobservable through the normal scope of work.The condition rating of the subject roof is determined from a rudimentary street level observation.The appraiser did inspect the interior of the subject for signs of leakage or water damage,but makes no warranty about the remaining economic life of the roof.The appraiser claims no knowledge of the condition of any parts of these items other than what is readily observable and apparent through the normal scope of work involved with this assignment. Improvements-Physical Deficiencies or Adverse Conditions Upon inspection there were no readily observable or apparent adverse conditions that would affect the livability,soundness or structural integrity of the subject property.However,the appraiser is not a home inspector,contractor or other type of expert that is generally utilized to address these issues.(See limiting condition#5) Sales Comparison Analysis-Summary of Sales Comparison Approach After a thorough search of reporting data services,the comparables utilized represent the best and most recent sales available at the time of inspection.Many other sales and/or comparables are noted to have transferred within the subjects defined neighborhood bounds and surrounding areas.Each of these sales were considered at some level for inclusion in the report, however,the comps that were used were selected as superior indicators of value for the subject.These comps were also selected to bracket the subjects relevant property characteristics and to efficiently meet client guidelines for completion of this report. Adjustments to comparables are typically derived from comparison sales analysis.However,the appraiser may have also incorporated the expertise of local real estate professionals,contractors and cost manuals when determining appropriate adjustment values. Comps within the report are noted to exceed one mile in radius from the subject. Gross living area adjustments are applied at$50/square foot difference.No adjustments are applied to properties that differ from the subjects gross living area by less than 100 feet,since typical buyers probably wouldn't acknowledge any difference in size.The adjustments applied to each comparable for this difference are rounded to the nearest$500.In the instance that no gross living area adjustment is made,appropriate bedroom adjustments are applied.Bathroom adjustments are applied at a rate of$3500 per half bath.Bedrooms are adjusted at a rate of$10000 per bedroom when no gla adjustments are applied.The resulting adjustment reflects the net difference of bedroom and bathroom adjustments when applied. Condition adjustments are applied to all comparables that are considered to significantly differ from that of the subject.The adjustment amount is derived from a general market analysis of properties within this area.The condition of each comparable is estimated from the appraisers exterior inspection of each property and supplemented with a review of mis photos and marketing comments(when available). In considering the value of the subject as indicated by the sales comparison approach,the appraiser gave the most weight to comparables#1 and#2 as the most similar.The appraiser also took into consideration current market trends and the availability of current listings and pendings to assist in the determination of value. This appraisal is based on information gathered from public records,mis,on line data sources,local real estate professionals, local builders and all other sources outlined within this report.The appraiser considers all of these sources of information to be reliable.However,when conflicting information is provided to the appraiser,the source deemed to be the most reliable has been used as the appraisers primary source of reference. Reconciliation-Reconciliation and Final Value Conclusion In the reconciliation of value and valuation method,the appraiser applied the most weight to the sales comparison approach due to the availability and reliability of data which best reflects the demand and value for the subject property.The income approach was not completed.The income approach was not considered to be applicable,as typical buyers within this market area do not purchase this type of property for income production. Conditions of Appraisal A copy of the preliminary title report was not made available for review prior to completion of this report. The Intended User of this appraisal report is the Lender/Client.The Intended Use is to evaluate the property that is the subject of this appraisal for a mortgage finance transaction,subject to the stated Scope of Work,purpose of the appraisal,reporting requirements of this appraisal report form,and the Definition of Market Value.No additional intended Users are identified by the appraiser. A"Complete Visual Inspection"as defined by the appraiser is an observation of the readily observable and visually apparent areas of the subject.An overall observation of the floorplan,general layout,issues of functional utility,neighborhood conformity, special amenities and signs of remodeling or renovation were conducted at the time of this observation.This general observation of the subject property condition was conducted for valuation purposes only,not for the purpose of discovering property defects or code compliance issues.During this observation of the subject property the appraiser did not move furniture, Form TADD-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Supplemental Addendum File No.202111-10 Borrower Nguyen,Hieu Property Address 27 Briar Cir City South Yarmouth County Bamstable State MA Zip Code 02664 Lender/Client United Wholesale Mortgage appliances,floor coverings or other items to observe portions of the subject.The appraiser did not activate or test mechanical systems(except for the representative sample required for FHA assignments)or search for sub-surface issues.The appraiser also did not inspect the subjects attic space(except for FHA assignments where a head an shoulders type observation of the attic space was performed). Remaining economic life is estimated at 40 years. Form TADD-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Loan# USPAP Compliance Addendum File#202111-10 Borrower Nquyen,Hieu Property Address 27 Briar Cir City South Yarmouth _ c000ty Bamstable State MA Zip Code 02664 Lender/Client United Wholesale Mortgage APPRAISAL AND REPORT IDENTIFICATION This Appraisal Report is one of the following types: ® Appraisal Report • This report was prepared in accordance with the requirements of the Appraisal Report option of USPAP Standards Rule 2-2(a). ▪ Restricted Appraisal Report This report was prepared in accordance with the requirements of the Restricted Appraisal Report option of USPAP Standards Rule 2-2(b).The intended user of this report is limited to the identified client.This is a Restricted Appraisal Report and the rationale for how the appraiser arrived at the opinions and conclusions set forth in the report may not be understood property without the additional information in the appraiser's worldile. ADDITIONAL CERTIFICATIONS I certify that,to the best of my knowledge and belief: • The statements of fact contained in this report are true and correct. • The report analyses,opinions,and conclusions are limited only by the reported assumptions and are my personal,impartial,and unbiased professional analyses, opinions,and conclusions. • I have no(or the specified)present or prospective interest in the property that is the subject of this report and no(or specified)personal interest with respect to the parties involved. • I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment. • My engagement in this assignment was not contingent upon developing or reporting predetermined results. • My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. • My analyses,opinions,and conclusions were developed and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. • This appraisal report was prepared in accordance with the requirements of Title XI of FIRREA and any implementing regulations. PRIOR SERVICES ® I have NOT performed services,as an appraiser or in any other capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. ❑ I HAVE performed services,as an appraiser or in another capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.Those services are described in the comments below. PROPERTY INSPECTION ❑ I have NOT made a personal inspection of the property that is the subject of this report. ® I HAVE made a personal inspection of the property that is the subject of this report. APPRAISAL ASSISTANCE Unless otherwise noted,no one provided significant real property appraisal assistance to the person signing this certification.If anyone did provide significant assistance,they are hereby identified along with a summary of the extent of the assistance provided in the report. ADDITIONAL COMMENTS Additional USPAP related issues requiring disclosure and/or any state mandated requirements: MARKETING TIME AND EXPOSURE TIME FOR THE SUBJECT PROPERTY ❑ A reasonable marketing time for the subject property is day(s) utilizing market conditions pertinent to the appraisal assignment. ® A reasonable exposure time for the subject property is 0-60 day(s). APPRAISER SUPERVISORY APPRAISER(ONLY IF REQUIRED) Signature Signature Name Jason T Rhoad Name Date of Signature 12/08/ 21 Date of Signature State Certification# MACR 76 State Certification# or State License# or State License# State MA State Expiration Date of Certification or License 04/10/2023 Expiration Date of Certification or License Supervisory Appraiser Inspection of Subject Property Effective Date of Appraisal 12/02/2021 E Did Not ❑ Exterior-only from Street ❑ Interior and Exterior USPAP Compliance Addendum 2014 Page 1 of 1 Form ID14EC-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Subject Photo Page Borrower Nguyen, Property Address 27 Briar CirHieu City South Yarmouth County Bamstable State MA Zip Code 02664 Lender/Client United Wholesale Mortgage Subject Front . '''''-.',".=;;trgk' - '.:*..-::;•,,, ' 4p$ 4 �_N, 27 Briar Cir j °` Sales Price 325,000 .1',.a, : rit:,,,,,,, Gross Living Area 1,208 Total Rooms 6 ,. Total Bedrooms 2 a t TotaI Bathrooms 2.0 a ., Location N;Res; .Air View N;Res; , "" �,, ` Site ' Quality Q4 Age 81 . Subject Rear %, , ----t, . , , Ifir7., ' u 1 • = Subject Street ,.. 4iig h arm,_ A Z Form PICPIX.SR-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Interior Photos Borrower Nguyen,Hieu Property Address 27 Briar Cir City South Yarmouth County Barnstable State MA Zip Code 02664 Lender/Client United Wholesale Mortgage 111 y3 R a £ Basement Form PICINT6-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Comparable Photo Page Borrower Nguyen,Fiieu Property Address 27 Briar Cir City South Yarmouth County Barnstable Stale MA Lp Code 02664 Lender/Client United Wholesale Mortgage Comparable 1 r 18 Wood Rd �I Prox.to Subject 1.53 miles NE Sales Price 345,000 l' r' ;z ' $ ° e Gross Living Area 1,296 o;�'� � � /,, � Total Rooms 6 Total Bedrooms 4 Total Bathrooms 1.1 Location N;Res; View N;Res; Site Quality Q4 Age 50 ,. Comparablel 4r t` 184 S Sea Ave (E t Prox.to Subject 0.90 miles W k , Sales Price 380,000 �� a Gross Living Area 1,260 Total Rooms 6 � y,, � I TofalBedrooms 3 �' w' r, Total Bathrooms 1.1 �� Y Location N;Res, • View N;Res, Site ti V' Quality Q4 xgfa;y£ Age 81 0 -<. „*:'t Comparable3 '. 4 �.- 190 Seaview Ave a ,„�`'� ' .. Prox.to Subject 0.07 miles S Sales Price 362,521 Gross Living Area 637 aF.: �' ^ , Total Rooms 4 � - .F �" Total Bedrooms 2 p. i Total Bathrooms 1.0 Location N;Res; ?= a i,., View N;Res; ...... .. .: '� Site • Quality Q4 Age 71 Form PICPIX.CR-'TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Comparable Photo Page Borrower Nguyen,HI eu Property Address 27 Briar Cir City South Yarmouth County Barnstable State MA Zip Code 02664 Lender/Client United Wholesale Mortgage .: Comparable4 ' 186 Seaview Ave $ Prox.to Subject 0.07 miles S `; Sales Price 350,000 Gross Living Area 637 . c Total Rooms 4 * i+I � Total Bedrooms 2 Total Bathrooms 1.0 � j � Location N;Res; , View N;Res; • ,. Site Duality Q4 $ Age 71 „ a � Comparable5 ` ' 7 109 Seaview Ave Prox to Subject 0.23 miles NW c Sales Price 279,999 r Gross Living Area 650 Total Rooms 4 a,. Total Bedrooms 2 Total Bathrooms 2.0 >_ Location N;Res; View N;Res; Site Duality 04 Age 61 Comparable 6 Prox.to Subject Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Duality Age Form PICPIXCR-"TOTAL"appraisal software by a la made,inc.-1-800-ALAMODE Rental Photo Page Borrower Nguyen,Hieu Property Address 27 Briar Cir City South Yarmouth County Barnstable State MA Zip Code 02664 Lender/Client United Wholesale Mortgage � • �" Rental 1 a " ��1N, : Yarn 169 Seaview Ave F'." x, r ` Proximity to Subject 0.05 miles W I' Adj.Monthly Rent 1,675 o/yt mac Gross Living Area 825 X ° Total Rooms 4 i y Total Bedrooms 2 4 k _. Total Bathrooms 1 Location N;Res; , f View N;Res; iii,,°a * Condition C4 :,.m._ Age/YearBuilt 65 • Rental 2 �� 270 Ocean Ave l Proximity to Subject 3.88 miles W =0 ;,, Adj.Monthly Rent 1,400 Gross Living Area 800 —m • - Total Rooms 4 Total Bedrooms 2) Total Bathrooms 1 t aA I Location N;Res; :. >, _ View N;Res; � F Condition C4 a Age/Year Built 70 * ' ` Rental 3 . • 357 Main St f.° Proximity to Subject 3.55 miles W Adj.Monthly Rent 1,850 p : Gross Living Area 800 TotalTotal BedroomsRooms 42 Total Bathrooms 1 '"401 4' ' Location B;Cmrcl ' a View N;Res; ', %, y, Condition C3 Age/Year Built 97 fi% !. . Form DLSTRNT.DS$R-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Building Sketch Borrower Nguyen,Hieu Property Address 27 Briar Cir City South Yarmouth County Barnstable State MA Zip Code 02664 Lender/Client United Wholesale Mortgage 12' Open Decku [96 fEq ft] 24' Den Bath .4 Second Flo rdroom N [576 Sq ftTe Bedroom 24' 24' Bath Kitchen fV Co (V Dining First-Floor Living [632 Sq ft] lo' retry 14' TOTAL stern era is mm.,,= Area Calculations Summary Living Area Caiaulation Deans First Floor 632 Sq ft 24 x 24=576 4x 14 = 56 Second Floor 576 Sq ft 24 x 24=576 Total Living Area(Rounded): 1208 Sq ft Dion-Ruing Area Open Deck 96 Sq ft 12 x 8 = 96 Form SKT.BLDSKI-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE • Location Map Borrower Nguyen,Hieu Property Address 27 Briar Cir City South Yarmouth County Barnstable State MA Zip Code 02664 Lender/Client United Wholesale Mortgage • a is mode, inc. Yarmouth e ouch Puri gz t Fv":>,x,I rsrl COMPARABLE No. it IS Vinod (cl a 1B 1.53 miles NE ..apcszr^o- RENTAL No.3 .: % South YaiT frith 357 Main sr West Der 3.55 miles Aid COMPARABLE No,5 139 Seaview Ave e 3 : 'inn6 0.23 miles NW vv � St1t1Ti(t F 7 i3ri;7c i it s o is Parkert 3r.,,W4r,any RENTAL No.1 154 Seaview Ave 0.05 miles LM ,,.,, V -AtRi RENTAL No.2 COMPARABLE No-2 i% • 270 Ocean Ave 1$4 S.Sea Ave c 32 COMPARABLE No 4 3.6d miles' R_ 0 mites b1 • 186 Seaview Ave 5 O47 miles S COMPARABLE No.3 „-;;,;jy; 's-;;;;-;;,,,;- 190 Soatriew Ave s 190 0.07 miles S , 4G ✓ ,.axA�..b9 S,,.,. ... ley Ks35..� r. .tg. . Form MAP.LOC-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE , License Information o Comm oinzonericomaintsaowoomoirraiwriarmo mule CI) :., I Ci.) ''':' L' ° tip 20 M � I M Ci) - 0 � * .1 m y v m r E cf) r 0 ., ern �— - ra U tee ,r > am t. , o 0 ressil , if„.,..„....,,Fr 14..3 ,, g - ,,,.. ,.,, ., ---I NINO vt,„goor' 1$11.1. fun, iseriNi. ': lta 0 C may/ t� -„i m r!iie co '* show mm 0 m C 0 ...�� co n� ,, ZI "41 ens°�,wa xrMwNkwi.m.w4'.YW'`wy'++..,a ■(` �(�1'1'�j�, { Form SCNLGL-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE E&O HUDSON INSURANCE COMPANY ftiV IN, 100 William Street,5°'Floor New York,NY 10038 REAL ESTATE APPRAISERS ERRORS AND OMISSIONS INSURANCE POLICY DECLARATIONS NOTICE:THIS IS A"CLAIMS MADE AND REPORTED"POLICY.THIS POLICY REQUIRES THAT A CLAIM BE MADE AGAINST THE INSURED DURING THE POLICY PERIOD AND REPORTED TO THE INSURER,IN WRITING,DURING THE POUCY PERiOD OR AUTOMATIC EXTENDED REPORTING PERIOD. THIS POLICY MAY CONTAIN PROVISIONS WHICH LIMIT THE AMOUNT OF CLAIM EXPENSES THE INSURER IS RESPONSIBLE TO PAY IN CONNECTION WITH CLAIMS.CLAIM EXPENSES SHALL BE SUBJECT TO ANY DEDUCTIBLE AMOUNT.THE PAYMENT OF CLAIM EXPENSES WILL REDUCE THE UMITS OF LIABILITY STATED IN ITEM 4.OF THE DECLARATIONS.PLEASE READ YOUR POLICY CAREFULLY. PLEASE READ THIS POLICY CAREFULLY. Policy Number: PRA-2AX-1002647 Renewal of: 1. Named insured: Jason Rhoades 2. Address: 11111111116. 3. Policy Period: From: June 25-2021 To: Jutl 25_2022 12:01 A.M.Standard Time at the address of the Named Insured as stated in Number 2 above 4. Limit of Liability Each Claim Policy Aggregate Damages Limit of Liability A. $1,0110.00. B. $1.000.000 Claims Expense Limit of Liability C. S1,000„.000 D. $1,000000 5. Deductible(Inclusive of Claims Expenses): 5A. $500 Each Claim 58. $.I.000 Aggregate 6. Policy Premium: $515.00 State TaxeslSurcharges: MOO 7. Retroactive Date: WI 15.28115 B. Notice to Company: Notice of a Claim or Potential Claim should be sent to: Hudson Insurance Group 100 William Street,5 Floor New York,NY 10038 Fax: 646-216-3786 Email: hudsonclaims300fahudsoninsgroup.com On weeker ds or holidays:866-546-3981(Toll Free) 9. A. Program Administrator: Riverton Insurance Agency Corp, OREP-Organization of Real Estate Professionals B. Agent/Broker: Insurance Services IN WITNESS WHEREOF, We have caused this policy to be executed by our President and our Corporate Secretary at New York,New York 141 President Secretary PRA100(01/20) I 1 Form SCNLGL-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE • Substantial Improvement Worksheet for Floodplain Construction (for reconstruction,rehabilitation,addition,or other improvements, and repair of damage from any cause) Property owner. Hieu Nguyen Address: 38 Percival Street,Dorchester,Ma 02122 Permit No.: 27 Briar Street Unites south Yarmouth.. Ma 0,664 Location: replace stzis_trearl-prvi hardwood floor on the flrct floor 7 rover exisitng wall onihe Description of improvements: Bra flnnr and sernnd flnnr hedrnnms with sheetrock.Replace Kitchen Cabinet.4.Reframe the:frist and second second floor bathrooms and zetrle 4.. Present Market Value of.struc-ture:ONLY(market ppraisai•or adjusted• .. assessed value,BEFORE improvement, r fdaaed .................................. •_befvre#tre xiama a occurred, not including vale { `$ $'•v., $345 000 si+c .lmpsauement- r > at tastnfthe cons ct�t#n (see ttar 4:ii dydefe�e3 r:, s";«°s $32,250.00 r.A 'yam,/+—'• ^, f� .. _...} ..:•..�:...n_:._... ... ....—i...-.... ...,.. ui.aM:ei ...i...m. :"..:i:':'i.'s.. r.. •. _ ,,ip!y-..;:r: _ .. _.... -'v�'{ti -:cost eiri. -rovement: d.. • • _ _ :.,:. <:..:•rz> a+::.>:: c .- ,.. y� 48 . _.. . . .:... :7lAart�et.' tiB....... t;.=r:, ::..�. __...._.:•...... ...... .... .... If ratio is 50 percent or greater(Substantial Improvement).entire structure including the existing • building must be elevated to the base flood elevation(BFE)and all other aspects brought into compliance. Important Notes: 1. Review cost estimates to ensure that all appropriate costs are included or excluded. 2. If a residential pre-FIRM building is determined to be substantially improved, it must be elevated to or above the BEE. If a non-residential pro-FIRM building is substantially improved,it must be elevated or dry floodproofed to the BFE. 3, Proposals to repair damage from any cause must be analyzed using the formula shown above. 4. Any proposed improvements or repairs to a post-F!RM building must be evaluated to ensure that the improvements or repairs comply with floodplain management regulations and to ensure that the improvements or repairs do not alter any aspect of the building that would make it non-compliant. 5. Alterations to and repairs of designated historic structures may be granted a variance or be exempt under the substantial improverrient definition)provided the work will not preclude continued designation as a"historic structure" 6. Any costs associated with directly correcting health,sanitary,and safety code violations may be excluded from the cost of improvement. The violation must have been officially cited prior to submission of the permit application. Determination completed by: Date: THIS FORM APPROVED BY COMMISSIONER OF REVENUE .,of V_q� 2 r Town of Yarmouth THE COMMONWEALTH OF MASSACHUSETTS �O SEE REVERSE SIDE FOR IMPORTANT INFORMATION '' Office of Collector of Taxes s. 1146 Route 28 BILL DATE BILL NUMBER '-''e'' South Yarmouth, MA 02664-4491 09/19/2022 11791 Total Due:Nov 01,2022 $1,255.79 FY 2023 ACTUAL REAL ESTATE TAX BILL Treasurer/Collector: Susan Ripley Office Hours: Monday thru Friday NGUYEN HIEU 56 8:30 AM-4:30 PM 38 PERCIVAL ST Phone:(508)398-2231 Ext 1233 DORCHESTER MA 02122-1736 Assessor Phone: (508)398-2231 Ext.1222 Online Payments: Pay your bill online at www.yarmouth.ma.us 18002082023000011791,100001,255793 TAXPAYER'S COPY-THIS PORTION TO BE RETAINED AS YOUR RECEIPT.IF PAYING IN PERSON-PLEASE BRING THIS COPY WITH YOU. FY 2023 ACTUAL REAL ESTATE TAX BILL TAX RATE PER$1,000 ' BILL DATE BILL NUMBER , Based on assessments as of January 1,2022,your Real Estate 1.Res. 2.Op.Sp. 3.Comm. 4.Ind. Tax for the fiscal year beginning July 1,2022 and ending June 30, $8 tt $o,Do $a.tt $8.11 09/19/2022 11791 2023 on the parcel of real estate described below is as follows: Assessed owner as of January 1,2022: - PROPERTY DESCRIPTION SPECIAL ASSESSMENTS Type Amount Type Amount Location: NGUYEN HIEU 27 BRIAR CIR B 38 PERCIVAL ST Account Number: 222355 DORCHESTER MA 02122-1736 Parcel ID: 025.337.1 CB Book/Page:D34796 117 Class:1021 Deed Date: 12/30/2021 Area:0 Acre(s) Real Estate Tax $2,443.54 Land Value: $0 Community Preservation Act $48.98 Bills are due on or before 11/01/2022 Building Value: $301,300 Water Infrastructure investment Fund $19.06 Interest at the rate of 14%per annum will accrue on overdue Exempt Value $0 Special Assessments $0.00 S payments from the due date until payment is made. Total Taxable Value $301,300, Exemptions/Abatements $0.00 Total Tax $2,511.58 C Make all payments payable to the Town of Yarmouth.Please return the bottom portion of this Current Payments/Credits $0.00 bill marked PAYMENT COUPON,in the enclosed courtesy reply envelDpe to: 1st Half Due:11/01/2022 $1,255.79 TOWN OF YARMOUTH,PO BOX 745,READING,MA 01867-0405 2nd Half Due:05/01/2023 $1,255.79 p For help with online payments or to make payments by phone,please call City Hall Systems TOTAL DUE:NOV 01,2022 $1,255.79 'y at 508-381-5455. Note the Town of Yarmouth Scholarship Fund insert included within this mailing.Thank you Payments made after 09/12/2022 Abatement Application Due In Assessor's Office On Or Before: 11/01/2022 may not be reflected on this bill. 18002082023000011791100001255793 FY 2023 ACTUAL REAL ESTATE TAX BILL To remit by Mail:fold and tear at perforation and insert with payee's♦ BILL DATE BILL NUMBER Based on assessments as of January 1,2022,your Real , address showing in window of return envelope ,J Estate Tax for the fiscal year beginning July 1,2022 PROPERTY DESCRIPTION 09/19/2022 11791 and ending June 30,2023 on the parcel of real estate e described below is as follows: Location: SPECIAL ASSESSMENTS Assessed owner as of Janua i,2022: 27 BRIAR CIR B Type Amount Type Amount ry Account Number: 222355 Parcel ID: 025.337.1 CB ; NGUYEN HIEU Book/Page:D34796 117 Class:1021 38 PERCIVAL ST Deed Date: 12/30/2021 Area 0 Acre(s) DORCHESTER MA 02122-1736 Land Value: $0 ` , N Building Value: $301,300 Real Estate Tax $2,443.54 T j Exempt Value $0 Community Preservation Act $48.98 Total Taxable Value $301,300, Water Infrastructure Investment Fund $19.06 Ci Special Assessments $0.00 Exemptions/Abatements $0.00 0 Total Tax $2,511.58 Current Payments/Credits $0.00 U TOWN OF YARMOUTH 1st Half Due:11/01/2022 $1,255.79 P Office of Collector of Taxes 2nd Half Due:05/01/2023 $1,255.79 0 PO Box 745 TOTAL DUE NOV 01,2022 $1,255.79 Reading, MA 01867-0405 N 18002082023000011791100001255793 rr 9QAk p TOWN OF YARMOUTH . -�. '�` BUILDING DEPARTMENT 1146 Route 28, South Yarmouth, MA 02664 Telephone 508-398-2231 ext. 1261 Fax 508-398-0836 Contractor's Affidavit: Substantial Improvement or Repair of Substantial Damage Property Address: 27 Briar Circle Unit B,South Yarmouth,Ma 02664 Parcel ID Number: M:0025 B:0337 L ARM-000025-000337 Owner's Name: Hieu Nguyen Contractor: 22 Sunnyplain LLC Contractor's License Number: 197403 Date of Contractor's Estimate: 12/15/2022 I hereby attest that I have personally inspected the building located at the above-referenced address by the nature and extent of the work requested by the owner, including ail improvements, rehabilitation, remodeling, repairs, additions, and any other form of improvement. At the request of the owner, I have prepared a cost estimate for all of the improvement work requested by the owner and the cost estimate includes, at a minimum,the cost elements identified by the Town of Yarmouth that are appropriate for the nature of the work. If the work is repair of damage, I have prepared a cost estimate to repair the building to its pre-damage condition. I acknowledge that if, during the course of construction,the owner requests more work or modification of the work described in the application,that a revised cost estimate must be provided to the Town of Yarmouth,which will re-evaluate its comparison of the cost of work to the market value of the building to determine if the work is substantial improvement. Such re- evaluation may require revision of the permit and may require revision of the permit and may subject the property to additional requirements. I also understand that I am subject to enforcement action and/or fines if inspection of the property reveals that 1 have made or authorized repairs or improvements that if inspection of the property reveals that I have made or authorized repairs or improvements that were not included in the description of work and the cost estimate for that work that asis for issuance of a permit. Contractor's Signature// Date: 1 L( 1 Notarized: !lJN:IC Cooliniovablo of MrrrANeld Ara"Wises October OS.2029 o o`� TOWN OF YARMOUTH ifs; . �t BUILDING DEPARTMENT _. 1146 Route 28, South Yarmouth. MA 02664 N.�- � , Telephone 508-398-2231 ext. 1261 Fax 508-398-0836 Owner's Affidavit: Substantial Improvement or Repair of Substantial Damage Property Address: 27 Briar Circle Unit B,South Yarmouth,Ma 02664 Parcel ID Number: M:0025 B:0337 L ARM-000025-000337 Hieu Nguyen Owner's Name: Owner's Address/Phone: 38 Percival Street,South Yarmouth,Ma 02664 Contractor: 22 Sunnyplain LLC Contractor's License Number: 197403 Date of contractor's Estimate: 12/15/2022 I hereby attest that the description included in the permit application for work on the existing building all improvements, rehabilitation, remodeling, repairs, additions, and other forms of improvement. I further attest that I requested the above-identified contractor to prepare a cost estimate for all of the work, including the contractor's overhead and profit. I acknowledge that if,during the course of construction, i decided to add more work or to modify the work described,that the Town of Yarmouth will re-evaluate its comparison of the cost of work to the market value of the building to determine if the work is substantial improvement. Such re- evaluation may require revision of the permit and may subject the property to additional requirements. I also understand that I am subject to enforcement action and/or fines if inspection of the property reveals that I have or authorized repairs or improvements that were not included in the description of work, and the cost estimate for that work that were basis for issuance of a permit. Owner's Signature: y 77.- Date: 121 I l-1 -- '1' Notarized: 41, liraalCass,1406 6111111.11. loom Enos o erOS,2029 11111081001 71.M(,M PitemalsraM to ra►w►rm_`) t?SU".rp tedoi20o .3____ .11 Proposal To: Hieu Nguyen 38 Percival Street, Dorchester, Ma 02122 Proposal#: NDN757 SALESPERSON JOB PAYMENT TERMS DUE DATE 27 Briar Cir, Unit B, a 30% deposit Thao Nguyen South Yarmouth, Ma 30/ after work start 02664 Remainder at final signoff. [22 SunnyPlain LLc] DESCRIPTION LINE TOTAL 1370 Dorchester Ave, Suite 24 Dorchester, 8 24340212 1. Replace Stair tread and first floor Phone (857-488-2434 p e-mail: Hardwood flood tnguyen®mortgagecon netion.us 2. Cover existing wall on the first floor and Second floor bedrooms with sheetrock DATE: 12/15/2022 3. Replace Kitchen cabinet Make all checks 4. Reframe the first and second floor payable to 22 Sunnyplain LLC Bathrooms and retile both bathrooms THANK YOU FOR YOUR BUSINESS! TOTAL $24,500 CONTRACT R: THAO . EN - a 1 �f' f! L � At Al- bUILT";c fHF CCU,,, DATE: 1 i'-',1-.-- '3'___,,,. i w' A 6:'4 7 8" ,...*----.6'7 5i8"—~ 7 1 Front door r Living Room 1 03 co 7 Dininc Room I �^ basement door i 1 i Kitchen - bathroom i ,. cr 11 1/8" lo, .0 13' 1 .1,4„ —.. 24'6118" EXISTING FIRST FLOOR , 16'4 7:8" "•------6'7 518"-----.' 4 _4 -,, CA 4- € CO €' Front door ., ., . Living Room 4 ,...\...z......,‘...&-,,, _ VI . , •. . , !) 1 4:0 Dining Room co c\I 1 , , baerrler)t door 1 i i Kitchen , ...-)ithroorri t 1 tr 111111111111111111111111111111- ----- . ..., .. 24'6 1t81 , PROPOSED FIRST FLOOR 1. Reframe the bathroom wall and change the location of the bathroom vanity and standing shower. 2. Replace new kitchen cabinets 3. Add sheetrock to all existing wall without removing the existing pinewood. 1.1' 111:4" s- • 14' 11 4 ililillMIIIIIIIIIIIIIIIIIIII.1 4. 33 Nz Be 2 <..o Ix) Bedrocrl 1 rz; --; . _ ,$) CI 03 ZS) - ..; . . ; ; I ' 4?3 ' . . V V I ^ B;...-fir,....x.)ri 2 4 il 4.;3 -..5 F-- on , Zo t It , . 1 . _9'2 112"--$.** .*--.11 6 3/8----- ... , I I.9" * EXISTING SECOND FLOOR a 11'11 1/4" 7 m14'111?a -.---- ,w.,.:—y„ mz r.'73,';'''il: ''A' Bed roorrl 2 0 Bedroom 1 ro m So icy` Z,7 Bedroom 3 O rrn At q, i L i . 9'2 1,'2" rr .—4'6 a: " + r. PROPOSED SECOND FLOOR Reframe the bathroom wall and change the location of the sink and standing shower