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MJM ENTERPRISES

APPRAISAL FEE SCHEDULE

Effective January. 1st 2019

 

 

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.)

$395

 

 

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

$425

 

 

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)

 

 

$450

 

 

 

$425

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

$475

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

$395

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

$340

 

 

 

Cost approach
Income Adden

 

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

$75
$75

 

 

Multi-Family Properties

 

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

$550

3-4 Unit(Add Per Unit)

$75

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

$75

Apartment 5-12 Units-FHLMC Form71B

$800 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

 

$450

$600

 

$75

$75


 

 

Vacant Land

 

Residential Lot (form appraisal).

$350

 

Commercial Land

 

Quote

Other Reports

 

 

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

$150

 

 

 

 

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

$175

 

 

 

 

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

$175

 

 

 

 

Freddie Mac Form 2055 –Exterior only

$300

 

 

MISCELLANEOUS CHARGES

 

 

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

 

$75

 

 

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

$190

 

Field Review Form  Interior

$400

 

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

$350

 

(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).

$195

 

 

 

 

Rush Fee (less than 48 hrs from inspection)

$100

 

 

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