HOUSE_OVERSIGHT_018814.jpg
1.94 MB
Extraction Summary
0
People
4
Organizations
2
Locations
2
Events
2
Relationships
4
Quotes
Document Information
Type:
Property appraisal report
File Size:
1.94 MB
Summary
This document is page 4 of a property appraisal report for the IGY American Yacht Harbor Marina, dated December 15, 2015. It outlines the purpose of the appraisal, which was to determine the market value of the property's leased fee (going concern) interest as of November 25, 2015. The page also provides formal definitions for key real estate and business valuation terms, including 'Market value', 'Leased fee interest', 'Lease', and 'Going-Concern Premise', citing sources like the Code of Federal Regulations and the Appraisal Institute.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| IGY American Yacht Harbor Marina |
Mentioned in the footer of the document, likely the subject of the appraisal.
|
|
| irr |
A logo in the footer, likely the appraisal firm (Integra Realty Resources).
|
|
| Appraisal Institute |
Cited as the publisher of a source text, 'The Dictionary of Real Estate Appraisal'.
|
|
| HOUSE_OVERSIGHT |
Part of the document identifier 'HOUSE_OVERSIGHT_018814' in the footer, suggesting the document is from a U.S. House ...
|
Timeline (2 events)
December 15, 2015
The date of the appraisal report.
November 25, 2015
The effective date of the property appraisal for the market value of the leased fee interest in the property.
IGY American Yacht Harbor Marina
Locations (2)
| Location | Context |
|---|---|
|
The property being appraised.
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|
|
Location of the Appraisal Institute.
|
Relationships (2)
owner
→
landlord-tenant
→
another party
The definition of 'Leased fee interest' describes the creation of a contractual landlord-tenant relationship.
buyer
→
transactional
→
seller
The 'Basis of Value' section defines the conditions for a fair sale between a buyer and a seller.
Key Quotes (4)
"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 and knowledgeably, and assuming the price is not affected by undue stimulus..."Source
HOUSE_OVERSIGHT_018814.jpg
Quote #1
"A freehold (ownership interest) where the possessory interest has been granted to another party by creation of a contractual landlord-tenant relationship (i.e., a lease)."Source
HOUSE_OVERSIGHT_018814.jpg
Quote #2
"A contract in which rights to use and occupy land or structures are transferred by the owner to another for a specified period of time in return for a specified rent."Source
HOUSE_OVERSIGHT_018814.jpg
Quote #3
"one of the premises under which the total assets of a business can be valued; the assumption that a company is expected to continue operating well into the future (usually indefinitely)."Source
HOUSE_OVERSIGHT_018814.jpg
Quote #4
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