HOUSE_OVERSIGHT_018812.jpg

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Extraction Summary

1
People
4
Organizations
2
Locations
2
Events
2
Relationships
3
Quotes

Document Information

Type: Property appraisal report summary
File Size: 1.38 MB
Summary

This document is page two of a property appraisal report for the IGY American Yacht Harbor Marina in the Virgin Islands. It outlines 'Extraordinary Assumptions' made for the valuation, chief among them being that no environmental issues exist from on-site fuel tanks and that no legal claim will arise from the marina's parking garage encroaching on land owned by the Government of the Virgin Islands. The report, bearing a 'HOUSE_OVERSIGHT' stamp, relies on the book value of assets provided by the owner.

People (1)

Name Role Context
ownership Property Owner
Mentioned as the entity that provided financial statements showing the depreciated book value of personal property as...

Organizations (4)

Name Type Context
Government of the Virgin Islands
Owns the neighboring property to the northwest that is slightly encroached upon by the subject property's parking gar...
IGY American Yacht Harbor Marina
Identified in the footer, and is the 'subject property' of the appraisal.
irr.
A logo in the footer, likely the appraisal firm that authored the report (Integra Realty Resources).
HOUSE_OVERSIGHT
A Bates stamp in the footer (HOUSE_OVERSIGHT_018812) indicates the document is part of a collection, likely from a U....

Timeline (2 events)

Prior to the effective date of the appraisal
An inspection of the subject property was conducted. No signs of contamination from the fueling dock and storage tanks were found.
IGY American Yacht Harbor Marina
Appraisal firm staff
Undisclosed effective date
A property appraisal was conducted for the IGY American Yacht Harbor Marina, which involved several key assumptions.
IGY American Yacht Harbor Marina
Appraisal firm (irr.)

Locations (2)

Location Context
The subject property of the appraisal, located in the Virgin Islands.
The general location of the subject property and the government that owns the encroached-upon land.

Relationships (2)

The parking garage of the marina slightly encroaches on land owned by the Government of the Virgin Islands.
Appraisal firm (irr.) Client/Contractor ownership (of IGY American Yacht Harbor Marina)
The appraisal firm was provided financial statements by the property's ownership to conduct the valuation.

Key Quotes (3)

"The parking garage at the subject slightly encroaches on the neighboring property to the immediate northwest. This land is owned by the Government of the Virgin Islands and we have assumed that no claim will arise from the encroachments."
Source
HOUSE_OVERSIGHT_018812.jpg
Quote #1
"There were no signs of contamination during our inspection and we have assumed that there is no adverse environmental impact in connection with the existing fuel equipment used on the subject property."
Source
HOUSE_OVERSIGHT_018812.jpg
Quote #2
"It is beyond our scope to value these assets in use; therefore, we have assumed that the book values of the personal property items shown in the statements provided by ownership are reasonably accurate for the purpose of this allocation exercise."
Source
HOUSE_OVERSIGHT_018812.jpg
Quote #3

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