Recommended Appraisal Report Format for Total Acquisitions

2.3.1 Introduction
(2.3.1.1) Title Page
(2.3.1.2) Transmittal Letter
(2.3.1.3) Table of Contents
(2.3.1.4) Appraiser’s Certification
(2.3.1.5) Executive Summary
(2.3.1.6) Photographs
(2.3.1.7) Statement of Assumptions and Limiting Conditions
(2.3.1.8) Description of Scope of Work

2.3.2 Factual Data
(2.3.2.1) Legal Description
(2.3.2.2) Area, City, and Neighborhood Data
(2.3.2.3) Property Data

(2.3.2.3.1) Site
(2.3.2.3.2) Improvements
(2.3.2.3.3) Fixtures
(2.3.2.3.4) Use History
(2.3.2.3.5) Sales History
(2.3.2.3.6) Rental History
(2.3.2.3.7) Assessed Value and Annual Tax Load
(2.3.2.3.8) Zoning and Other Land Use Regulations

2.3.3 Data Analysis and Conclusions
(2.3.3.1) Highest and Best Use

(2.3.3.1.1) Four Tests
(2.3.3.1.2) Larger Parcel

(2.3.3.2) Land Valuation

(2.3.3.2.1) Sales Comparison Approach
(2.3.3.2.2) Subdivision Development Method

(2.3.3.3) Cost Approach
(2.3.3.4) Sales Comparison Approach
(2.3.3.5) Income Capitalization Approach
(2.3.3.6) Reconciliation and Final Opinion of Market Value

2.3.7 Exhibits and Addenda
Location Map
Comparable Data Maps
Detail of Comparable Sales and Rental Data
Plot Plan
Floor Plan
Title Evidence Report
Other Pertinent Exhibits
Qualifications of the Appraiser