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
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1 Family-URAR (Less than 3500 Sq. Ft. of GLA-No cost app.) |
$395 |
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1 Family-URAR Jumbo (3500- 5500 Sq. Ft. of GLA-No cost app.) |
$425 |
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1 Family-URAR Jumbo (Over 5500 Sq. Ft. -No cost app.) |
Quote |
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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 |
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1 Family-URAR New construction (incl cost & Land sales) |
$475 |
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Condo 1073……………………………………………………………………………….……. |
$395 |
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Condo Exterior 1075…………….……………………………………………………………... |
$340 |
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Cost approach
Income Adden
(all other forms add $75 to base form for FHA) |
$75
$75
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Multi-Family Properties |
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Duplex Form-1025 (Includes Operating Income Statement (216)
without cost App.) |
$550 |
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3-4 Unit(Add Per Unit) |
$75 |
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Cost Approach……………………………………………………………………………………… |
$75 |
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Apartment 5-12 Units-FHLMC Form71B |
$800 base |
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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 |
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Vacant Land |
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Residential Lot (form appraisal). |
$350 |
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Commercial Land |
Quote |
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Other Reports |
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Freddie Mac Form 2070 (Loan Prospector) (Drive By)………………………………………… |
$150 |
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Freddie Mac Form 2070 (Loan Prospector) (Inspection)……………………………………… |
$175 |
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Freddie Mac Form 2075-Condition & Marketability Report (Drive By)………………………... |
$175 |
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Freddie Mac Form 2055 –Exterior only |
$300
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MISCELLANEOUS CHARGES |
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Interior Photo’s requirement(per lender request) per unit |
$75
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Desk Review (No photographs)…………………………………………….……………………. |
$190 |
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Field Review Form Interior |
$400 |
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Field Review-Form 2000……………………………………………………………….…………. |
$350 |
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(Includes required Fannie Mae photos of subject and comparable sales). |
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Cancellation after residential inspection………..……………………………….………………. |
$100 |
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Final or repair inspections (442)……………………………………….……………………….... |
$100 |
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Recertification of Value w/front photo……………………………………………………………. |
$125 |
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(Appraisal must be less than 6 months old) |
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Appraisal Update (within 6 months-new comps). |
$195 |
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Rush Fee (less than 48 hrs from inspection) |
$100
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Trip Charge(any additional trips same location/per trip) $75
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