BDO Control No.

: 2018-000000
BVCSI Control No.: 2018-00-BDO00
Report Requested By:
HOUSE / LOT IMPROVEMENTS
Account Name:
Property Location:
Date Inspected:
Date of Report:
Summary of Valuation
Area (sqm.) Value per (sqm.) Market Value
Land 0.00 0.00 PhP 0.00
Improvements 0.00 See CRN Computation PhP 0.00
Market Value PhP 0.00
Property Description
Actual Use of Property: Please Select
Property Location /
Notable Landmarks:
Registered Owner:
Occupant/s:
Classification per TD: Please Select Remarks:
Zonal Values: Revision:
Neighborhood:
Highest & Best Use: Please Select
Market Valuation
Land
Gross Area Deduction Net Area Unit Value
No OCT / TCT Description (sqm.) Value
(sqm.) (sqm.) (Php/sqm.)
1 0 0.00 0.00
2 0 0.00 0.00
3 0 0.00 0.00
4 0 0.00 0.00
5 0 0.00 0.00
6 0 0.00 0.00
Improvements

Kind of Improvements Area (sqm.) CRN (Php/sqm.) Remaining Life Eco. Life Total Depreciated Cost
(In Years)
2-Storey Residential Building 0.00 0 10 10 -

Garage 0.00 13,000 40 40 0.00

Store room 0.00 13,000 40 40 0.00

Maid's Bedroom 0.00 13,000 40 40 0.00

Maid's Bedroom 0.00 13,000 40 40 0.00

Maid's Bedroom 0.00 13,000 40 40 0.00

Total Improvement Value 0.00

Conclusion / Remarks

Acceptability: Please Select

Accept
ability
Deviati
ons

Disclos
ure
Property & Site Description
Basis of Identification
Home Owners Association Tax Mapping LRA/BL Office Subdivision Map Lot Configuratio

Physical Characteristics
Shape: Please Select Elevation: Please Select Road: Please Select Frontage:
Depth: Meters (Average)
Site Improvements
Street: Please Select Sidewalk: Please Select Curb/Gutter: Please Select Street Lights:
Description of Improvements
Improvement
Description : 2-Storey Residential Building
Use : 0
Cost Grade : 0
Floor Area (m2) : 0.00
Remaining Life : 10
Rooms : 0
T&B: 0
Garage :
Fence :
Others :
Framing : Reinforced Concrete
Flooring : 0
Roofing : 0
Walls : 0
Windows : 0

Description : Garage
Use : 0
Cost Grade : 0
Floor Area (m2) : 0.00
Remaining Life : 40
Rooms : 0
T&B: 0
Garage :
Fence :
Others :
Framing : 0
Flooring : 0
Roofing : 0
Walls : 0
Windows : 0
Description : Store room
Use : 0
Cost Grade : 0
Floor Area (m2) : 0.00
Remaining Life : 40
Rooms : 0
T&B: 0
Garage :
Fence :
Others :
Framing : 0
Flooring : 0
Roofing : 0
Walls : 0
Windows : 0

Description : Maid's Bedroom

Use : 0
Cost Grade : 0
Floor Area (m2) : 0.00
Remaining Life : 40
Rooms : 0
T&B: 0
Garage :
Fence :
Others : -
Framing : 0
Flooring : 0
Roofing : 0
Walls : 0
Windows : 0
Description : Maid's Bedroom
Use : 0
Cost Grade : 0
Floor Area (m2) : 0.00
Remaining Life : 40
Rooms : 0
T&B: 0
Garage :
Fence :
Others : -
Framing : 0
Flooring : 0
Roofing : 0
Walls : 0
Windows : 0

Description : Maid's Bedroom

Use : 0
Cost Grade : 0
Floor Area (m2) : 0.00
Remaining Life : 40
Rooms : 0
T&B: 0
Garage :
Fence :
Others : -
Framing : 0
Flooring : 0
Roofing : 0
Walls : 0
Windows : 0
Lot Configuration

Meter/s

Please Select
Community Facilities & Utilities
Utilities
Electricity: Water:
Drainage: Please Select Garbage: Please Select
Transportation Clubh
ouse
Jeepney Bus Taxi/Private Only Tricycle Others:

Facilities
Recreation Facilities Security Clubhouse Swimming Pool Others:

Neighborhood
Community: Classification:
Adverse: Please Select Growth Rate: Please Select
Boundaries
Right: Rear:
Left: Front:
Basis of Valuation
Sales Data

House#/Condo Subdivision/ City/

Comp Date Remarks/ Description Name/Street Barangay Municipality Province

Data Research
Comp Date Location Area (sqm) Price Value
 Telephone:

Others:

Others:

Occupancy: Please Select

lect

Province Area (sqm) Price/ Value Source

ice Value Source

 IMPROVEMENTS
GENERAL BUILDING FEATURES

1. 1 Storey Residential Building w/ Loft

Type : Foundations:
No. of Storey : Framings :
No. of Rooms : Roofing :
No. of T & Bs : Ceiling :
Other Feature/s : Flooring :
Cost Grade : Walls :
Gross Floor Area : 0.00 Partitions :
Net Rentable Area : 0.00 Windows :
Occupant/Tenants : Doors :

Age/Years : Actual: Yrs. Effective: Yrs. Stairs :

Observed Condition: Well-Maint. Fairly-Maint. Poorly-Maint.

Main Flr.
2nd Flr. /sq.mtr.
0.00 sq.mtrs. X P 20,000 /sq.mtr. P -
Less: Depreciation (St.Line Method)
100 / 40 x 0 = 0.00% -
Depreciated Cost P -

2. Garage
Type : Foundations:
No. of Storey : Framings :
No. of Rooms : Roofing :
No. of T & Bs : Ceiling :
Other Feature/s : Flooring :
Cost Grade : Walls :
Gross Floor Area : 0.00 Partitions :
Net Rentable Area : 0.00 Windows :
Occupant/Tenants : Doors :

Age/Years : Actual: Yrs. Effective: Yrs. Stairs :

Observed Condition: Well-Maint. Fairly-Maint. Poorly-Maint.

Main Flr
0.00 sq.mtrs. X P 13,000 /sq.mtr. P -
Less: Depreciation (St.Line Method)
100 / 40 x 0 = 0.00% -
Depreciated Cost P -
3. Store room
Type : Foundations:
No. of Storey : Framings :
No. of Rooms : Roofing :
No. of T & Bs : Ceiling :
Other Feature/s : Flooring :
Cost Grade : Walls :
Gross Floor Area : 0.00 Partitions :
Net Rentable Area : 0.00 Windows :
Occupant/Tenants : Doors :

Age/Years : Actual: Yrs. Effective: Yrs. Stairs :

Observed Condition: Well-Maint. Fairly-Maint. Poorly-Maint.

Grd. Flr
0.00 sq.mtrs. X P 13,000 /sq.mtr. P -
Less: Depreciation (St.Line Method)
100 / 40 x 0 = 0.00% -
Depreciated Cost P -

4. Maid's Bedroom
Type : Foundations:
No. of Storey : Framings :
No. of Rooms : Roofing :
No. of T & Bs : Ceiling :
Other Feature/s : - Flooring :
Cost Grade : Walls :
Gross Floor Area : 0.00 Partitions :
Net Rentable Area : 0.00 Windows :
Occupant/Tenants : Doors :

Age/Years : Actual: Yrs. Effective: Yrs. Stairs :

Observed Condition: Well-Maint. x Fairly-Maint. Poorly-Maint.

Grd. Flr (Sale Office)

0.00 sq.mtrs. X P 13,000 /sq.mtr. P -
Less: Depreciation (St.Line Method)
100 / 40 x 0 = 0.00% -
Depreciated Cost P -

Summary of Values
1. 1 Storey Residential Building w/ Loft - P -
2. Garage - P -
3. Store room - P -
4. Maid's Bedroom - P -
Total Improvement P -
Say P -
IMPROVEMENTS
GENERAL BUILDING FEATURES

1.,2-Storey Residential Building

Type : Foundations: Reinforced Concrete
No. of Storey : Framings : Reinforced Concrete
No. of Rooms : Roofing :
No. of T & Bs : Ceiling :
Other Feature/s : Flooring :
Cost Grade : Walls :
Gross Floor Area : 0.00 Partitions :
Net Rentable Area : 0.00 Windows :
Occupant/Tenants : Doors :

Age/Years : Actual: Yrs. Effective: Yrs. Stairs :

Observed Condition: Well-Maint. Fairly-Maint. Poorly-Maint.

Ground Floor
2nd Floor
3rd Floor
Garage
0.00 sq.mtrs. X P 0 /sq.mtr. P -
Less: Depreciation (St.Line Method)
100 / 10 x 0 = 0.00% -
Depreciated Cost P -

2.,Garage
Type : Foundations:
No. of Storey : Framings :
No. of Rooms : Roofing :
No. of T & Bs : Ceiling :
Other Feature/s : Flooring :
Cost Grade : Walls :
Gross Floor Area : 0.00 Partitions :
Net Rentable Area : 0.00 Windows :
Occupant/Tenants : Doors :

Age/Years : Actual: Yrs. Effective: Yrs. Stairs :

Observed Condition: Well-Maint. Fairly-Maint. Poorly-Maint.

Ground Floor
2nd Floor
3rd Floor
0.00 sq.mtrs. X P 13,000 /sq.mtr. P -
Less: Depreciation (St.Line Method)
100 / 40 x 0 = 0.00% -
Depreciated Cost P -
3.,Store room
Type : Foundations:
No. of Storey : Framings :
No. of Rooms : Roofing :
No. of T & Bs : Ceiling :
Other Feature/s : Flooring :
Cost Grade : Walls :
Gross Floor Area : 0.00 Partitions :
Net Rentable Area : 0.00 Windows :
Occupant/Tenants : Doors :

Age/Years : Actual: Yrs. Effective: Yrs. Stairs :

Observed Condition: Well-Maint. Fairly-Maint. Poorly-Maint.

Ground Floor
2nd Floor
3rd Floor
0.00 sq.mtrs. X P 13,000 /sq.mtr. P -
Less: Depreciation (St.Line Method)
100 / 40 x 0 = 0.00% -
Depreciated Cost P -

4.,Maid's Bedroom
Type : Foundations:
No. of Storey : Framings :
No. of Rooms : Roofing :
No. of T & Bs : Ceiling :
Other Feature/s : - Flooring :
Cost Grade : Walls :
Gross Floor Area : 0.00 Partitions :
Net Rentable Area : 0.00 Windows :
Occupant/Tenants : Doors :

Age/Years : Actual: Yrs. Effective: Yrs. Stairs :

Observed Condition: Well-Maint. x Fairly-Maint. Poorly-Maint.

Ground Floor
2nd Floor
3rd Floor
0.00 sq.mtrs. X P 13,000 /sq.mtr. P -
Less: Depreciation (St.Line Method)
100 / 40 x 0 = 0.00% -
Depreciated Cost P -
Reinforced Concrete
Reinforced Concrete
ANNEX - A

TOWNHOUSE COMPOSITE VALUATION

LAND (Based on Market Data Approach)

Description Total Area Deduction on Frontage Net Estimated Total
Lot/Blk nos. (see remarks) (meters) Area Market Value/sqm. Market Value
Lot 11 Blk 4 88 0 8.00 88 7,000.00 616,000.00

616,000.00

IMPROVEMENTS (RCN Net of Depreciation)

Floor Area Cost/sqm Remaining Life Econ. Life Total Depreciated
Kind of Improvement (in sqm) (in sqm) (in years) (in years) Cost
Ground Floor 62.30 20,000.00 25 35 890,000.00
Second Floor 82.40 20,000.00 25 35 1,177,142.86
Garage 14.40 20,000.00 25 35 205,714.29
Porch 5.60 20,000.00 25 35 80,000.00
Total Floor Area 164.70

2,147,142.86

2,763,142.86

Add: 20% Developer's Profit 552,628.57

3,315,771.43

Composite Value = Grand Total Value for L & Impt. / Building Floor Area 20,132.19

20,000.00

NOTE:
Developer's Profit:
a.) 10% - for Apartment-type development with common walls.
b.) 20% - for townhouse project with common roads, gutters, sidewalks, & drainage system.
c.) 30% - for townhouse project with complete amenities, such as swimming pool, clubhouse,
parks/playground, etc.
Inspected/Appraised by: Joshua Queyquep
Data Comparative

Description Subject Comp 1 Comp 2

Instrument (Sale/Listing) Offer to sell Offer to sell

I. Asking Selling Price 0.00 0.00
Discount/Bargaining Allowance
II. Physical Attributes
Location/Development
Size 0.00 0.00 0.00
Shape Regular Regular Regular
III. Other Factors
Corner Influence Non-Corner Non-Corner Non-Corner

Non- Non-
Perimeter lot Non-Perimeter
Perimeter Perimeter

Thru-lot Non-Thru Lot Non-Thru Lot Non-Thru Lot

Elevation Above Above Above
Flood prone Flood free Flood free Flood free
Terrain Flat Flat Flat

Data Comparative Analysis

Description Comp 1 Comp 2 Comp 3

Area (sqm) 0 0 0
Instrument (Sale/Listing)
I. Asking Selling Price 0.00 0.00 0.00
Discount/Bargaining Allowance
-5% -5% -5%
Base Price 0.00 0.00 0.00
II. Physical Attributes
Location 0% 0% 0%
Size 0% 0% 0%
Shape 0% 0% 0%
Degree of Development 0% 0% 0%
III. Other Factors
Corner Influence 0% 0% 0%
Perimeter lot 0% 0% 0%
Thru-lot 0% 0% 0%
Elevation 0% 0% 0%
Flood prone 0% 0% 0%
Terrain 0% 0% 0%

Conducted Adjustment 0% 0% 0%
IV. Adjusted Value 0.00 0.00 0.00
Weight Distribution 50% 20% 30%
0.00 0.00 0.00
V. Average Value 0.00

Say, Market Value 0.00

Variance Analysis
Previous Bank
Appraisal Current Bank
Comparison of Values Amount
Appraisal
12/30/1899
Land - - -
Building & Other Improvement - - 0.00
0 0 0
0 0 0
Total - - 0.00

This is to certify that the valuation has been performed in accordance to Philippine Valuation Standard (PVS) in compliance t
Principles (GAVP) and adherence to IVS Code of Conduct for Secured Lending Purposes.

Reviewed/Approved by:
Prepared by:
Date Report Approved : 00/00/2018

Samuel C. Quiniano
Appraiser CEO / President
 Comp 3

Offer to sell
0.00

0.00
Regular

Non-Corner

Non-
Perimeter

Non-Thru Lot
Above
Flood free
Flat
 %

#DIV/0!
#DIV/0!
0
0
#DIV/0!

ard (PVS) in compliance to General Accepted Valuation

Reviewed/Approved by:
LOT PLAN
Account Name : Property Location:
0
0
Control Number: 2018-000000
COMPOUND LAYOUT
Account Name : Property Location :
0
0
Control Number: 2018-000000
 VICINITY MAP

LISTING
1 SITE
LISTING
3

LISTING 2
Account Name : Property Location :
0
0
Control Number: 2018-000000
TAX MAP
Account Name : Property Location :
0
0
Control Number: 2018-000000
AERIAL MAP
Account Name : Property Location :
0
0
Control Number: 2018-000000
2018-000000
2018-000000
2018-000000
2018-000000
2018-000000
 Façade

Neighborhood
STEPS IN THE COMPUTATION OF LEASED FED VALUATION
A) Compute for the appraised values of the improvement today,

The lessee,Masterbuilt Indurstries, Incorporated, has built shed-type structures and an office for their automotive re
Computation of their appraised value are as follows:

(1) Shed-type structures

Ground Floor

RCN = 1,065 MX P400/M2 = P426,00.00

Less: Depreciation

100 x 3yrs.=20% 35,200.00 P340,800.00

15

Second Floor:
RCN = 288 M2X P300/M2 86,400.00

Less:Depreciation
100 x 3yrs = 30% 25,920.00 60,480.00
10

Office
RCN = 130 M2 X P1,800/M2 P234,000 00

Less: Depreciation

100 x 3 yrs. 0.0857 20,053.80 213,946.20

35 P615,226.20

Indicated Value of Buildings Say P615,000.00

net of depreciation today

Determine their depreciated cost from today up to the end of the term

Considering that three (3) years of the lease contract have already lapsed, the iprovements will be da
year up to the end of the term when they are reverted to the lessor. this will determine the total depreciated co
years.
 Determine their depreciated cost from today up to the end of the term

Considering that three (3) years of the lease contract have already lapsed, the iprovements will be da
year up to the end of the term when they are reverted to the lessor. this will determine the total depreciated co
years.

Therefore,
1) Shed-Type Structures:
a) Ground Floor:
100 x 7 years= 46.66% x P340,800,00 =
15
b)Second floor:
100 x 7years = 70% x P60,480,00 =
35
2)Office
100 x 7years = 20% x P213,946.20 =
35

Total Dapreciated Cost of Improvements

for the remaining seven years say,

Compute for their indicated value at the end of the term

Indicated Value of Improvements net of P615,000
Depreciation today

Less: Total Defreciated Cost of

Improvements for the remaining seven years P244,000

Indicated Value Of Improvements at term's end P371,000

D) Determine the leased Fee Value

In leased fee valuation, the appraiser analyzes and computes for the present worth of the lessor's in
considering his rigths tom use and occupy the land for the next seven (7) years were Temporarily giv

Since the Contract stipulates a flat rental rate of P11,000 month or P132,000/annum, the lea
computed as follows:

1)Present Worth of Contract rent (18%)

4th to 10th year = 132,000 X 3.811528 P503,121.70
2)Present forth of Reve reversion (18%)
 a)land = 2,200 m2 X P665 (M.V)/M2
X 150 X 371,000 X 313925
X 150% X 313925 688,908.41
116,466.17
P1,308.000.00
Value of lessed Fee (1+2)say , P1,308,000,00

Annuity Factor for seven years at 18%

*
the present value of a series of future installments
or payment of one per period for a given number of periods when discounted at the effective interest rate.

Forcasted increment in land value by the 10th year.

Reversion factor for seven years at 18 &.

The present worth of one to be collected at a given future time when discounted at the effective interest
rate for the number of periods from now to the date of collection.

VALUE FREE AND CLEAR

For Comparisons,let us assume that the properties are free and clear of any lease contract and thus,are sub
an office for their automotive repair business.

psed, the iprovements will be dapreciated from the fourth

termine the total depreciated cost for the remaining seven (7)
psed, the iprovements will be dapreciated from the fourth
termine the total depreciated cost for the remaining seven (7)

P159,017.28

42,336.00

42,789.24
P244.142.52

P244,000.00

e present worth of the lessor's interest

en (7) years were Temporarily given up.

nth or P132,000/annum, the leased fee value is

effective interest rate.

he effective interest

lease contract and thus,are subjext