profile picture

MJM ENTERPRISES

APPRAISAL FEE SCHEDULE

Effective January. 1st 2007

The following fees apply to vacant land and typical residential properties (conventional design/construction, on less than five acres). Not included are properties with unusual conditions or trip charges (25+ miles from downtown Milwaukee) (extensive outbuildings, indoor pool, etc).

MILWAUKEE, RACINE, KENOSHA, WASHINGTON,SHEBOYAN, WALWORTH, DODGE, OZAUKEE, JEFFERSON, WAUKESHA COUNTIES(and included zip codes) :

Single Family Properties

1 Family-URAR (Less than 3500 Sq. Ft. of GLA-No cost app.)

$325

1 Family-URAR Jumbo (3500- 5500 Sq. Ft. of GLA-No cost app.)

$400

1 Family-URAR Jumbo (Over 5500 Sq. Ft. -No cost app.)

Quote

1 Family-URAR (Investment Property w rental add-No cost)

Non Owner Occupied, Single family, Fannie Mae requires Operating Income Statement-216 and Comparable Rental Schedule………………………………………………………….

1 Family-URAR-New construction (includes cost approach)

$400

 

 

$375

1 Family-URAR New construction (incl cost & Land sales)

$425

Condo 1073……………………………………………………………………………….…….

$325

Condo Exterior 1075…………….……………………………………………………………...

$250

Cost approach
Income Adden

 

(all other forms add $75 to base form for FHA)

$50
$50

 

Multi-Family Properties

Duplex Form-1025 (Includes Operating Income Statement (216)
without cost App.)

$550

3-4 Unit(Add Per Unit)

$50

Cost Approach………………………………………………………………………………………

$50

Apartment 5-12 Units-FHLMC Form71B

$700 base

1 Family-URAR-Rahab. Appraisal

Duplex Form-1025 Rebab (Inc. Operating Income Statement – 216) Appraisal-2 units

Duplex Form-1025 Rebab Appraisal- (Inc. Operating Income Statement – 216) 3-4 units-add $50 per unit

Cost Approach

$400

$600

 

$50

$50


Vacant Land

Residential Lot (form appraisal).

$300

Commercial Land

Quote

Other Reports

Freddie Mac Form 2070 (Loan Prospector) (Drive By)…………………………………………

$100

Freddie Mac Form 2070 (Loan Prospector) (Inspection)………………………………………

$125

Freddie Mac Form 2075-Condition & Marketability Report (Drive By)………………………...

$125

Freddie Mac Form 2055 –Exterior only

$200

MISCELLANEOUS CHARGES

Interior Photo’s requirement(per lender request) per unit

$50

Desk Review (No photographs)…………………………………………….…………………….

$150

Field Review Form  Interior

$325

Field Review-Form 2000……………………………………………………………….………….

$250

(Includes required Fannie Mae photos of subject and comparable sales).

Cancellation after residential inspection………..……………………………….……………….

$100

Final or repair inspections (442)……………………………………….………………………....

$100

Recertification of Value w/front photo…………………………………………………………….

$125

(Appraisal must be less than 6 months old)

Appraisal Update (within 6 months-new comps).

$150

Rush Fee (less than 48 hrs from inspection)

$100

Trip Charge(any additional trips same location/per trip)        $75