Appraisal of: Wilson Rd, Johnson, VT The appraised value of this home is $156,083 The cost to replace this home with a new home of like kind and quality would be $156,083. Physical and functional depreciation of this home has reduced the value by $0 or 0.00%. This appraisal of this 1,200 square foot single-family residence located at Wilson Rd, Johnson, VT was completed after a visual inspection of accessible areas of the property. This is a cost-basis appraisal. The appraised value is the cost of replacing the home with one of like kind and quality but reduced by loss in value due to physical and functional depreciation. The appraised value does not include the cost of land (the prepared building site) but does include utility lines under the building and excavation for a foundation. Costs are current to December, 2020. Replacement is assumed to be done under competitive conditions without significant labor or material shortages. This report has been prepared by No One. Address: VT Preparer's role: Your Humble Servant Characteristics of this home include the following. The perimeter of the building has 4 corners. The living area is 1,200 square feet at $130/SF (considering all site improvements except garage/carport). The number of stories is 2. This home was built in 2020 (average age considering all additions). Basement: 600 square feet of finished basement. Sloping Site: This home is built on sloping ground. The lowest point under the house is 10 feet lower than the highest point. Forced air central ducted heating only The quality of this home could be summarized as "Class 5, Average Standard." Homes of this quality commonly have the following characteristics: Class 4 foundation and floor. Reinforced concrete or concrete block foundation. Conventional wood frame floor or slab on grade. Change in elevation. Class 6 frame exterior walls. No offsets, decorative openings or changes in wall height. Class 6 exterior finish. Hardboard or vinyl plank or panel siding or inexpensive stucco. Class 5 windows and doors. Standard grade vinyl windows. Commodity grade interior and exterior doors. Class 6 roof and soffit. Simple roof plan with minimum composition shingle or built-up roof cover. Small open soffit. Class 5 interior finish. Textured average quality gypboard. Most walls are rectangular. 8 foot ceilings with spray acoustic texture. Class 4 floor finish. Masonry or tile at entry. Better sheet vinyl or average carpet elsewhere. Class 5 bathrooms. Average plastic tub and shower in master bath. Three fixtures in other bathrooms. Class 5 plumbing and electrical. 3 low-cost plumbing fixtures per bathroom. 12 light fixtures. 5 built-in low- cost appliances. Class 5 kitchen. 10 LF of minimum wall and base cabinets. Low-cost acrylic or plastic counter top. Family Occupancy - Page 1 of 3 The condition of this home could be summarized as "Class 1, New." Homes in this condition commonly have the following characteristics: Class 1 foundation and floor. Less than two years old. No cosmetic or structural defects. Meets contemporary building standards. Class 1 exterior walls. Less than two years old. No cosmetic or structural defects. Meets contemporary building standards. Class 1 exterior finish. New or newly refinished within the last two years. No cosmetic or physical defects. Meets contemporary building standards. Class 1 windows and doors. Less than two years old. No cosmetic or structural defects. Doors and windows operate smoothly and meet contemporary building standards. Class 1 roof and soffit. New or newly refinished within the last two years. No cosmetic or physical defects. Meets contemporary building standards. Class 1 interior finish. New or newly refinished within the last two years. No cosmetic or physical defects visible. Meets contemporary building standards. Class 1 floor finish. New or newly installed in the last two years. No cosmetic or physical defects visible. Meets contemporary building standards. Class 1 bathrooms. New or newly remodeled in the last two years. Cabinets, hardware, counters, mirrors and fixtures are new. Meets contemporary building standards. Class 1 plumbing and electrical. New or newly installed in the last two years. No defects apparent. Meets contemporary building standards. Class 1 kitchen. New or newly remodeled in the last two years. Cabinets, hardware, counters, fixtures and appliances are new. Meets contemporary building standards. Replacement Estimate by Cost Category Direct Cost Items Item Name Materials Labor Equipment Total Excavation ---- 2,422 883 3,305 Foundation, Piers, 11,919 13,135 2,923 27,977 Flatwork Insulation 1,292 606 ---- 1,898 Rough Hardware 243 267 60 570 Framing 7,876 7,930 ---- 15,806 Exterior Finish 4,534 1,924 850 7,308 Exterior Trim 323 418 80 821 Doors 1,581 760 ---- 2,341 Windows 1,593 544 ---- 2,137 Roofing, Soffit, Fascia 4,171 2,013 ---- 6,184 Finish Carpentry 1,542 4,614 ---- 6,156 Interior Wall Finish 5,829 6,268 ---- 12,097 Lighting Fixtures 1,234 272 ---- 1,506 Painting 1,620 2,653 ---- 4,273 Carpet, Flooring 4,421 2,271 ---- 6,692 Bath Accessories 592 261 ---- 853 Shower & Tub 386 227 ---- 613 Enclosures Plumbing Fixtures 3,470 1,191 ---- 4,661 Plumbing Rough-in 1,722 3,028 ---- 4,750 Wiring 1,671 2,177 ---- 3,848 Built In Appliances 1,850 182 ---- 2,032 Family Occupancy - Page 2 of 3 Cabinets 3,805 839 ---- 4,644 Countertops 1,157 680 ---- 1,837 Central Heating and 2,140 2,831 ---- 4,971 Cooling Subtotal direct job $64,971 $57,513 $4,796 $127,280 cost Indirect Cost Items Item Name Materials Labor Equipment Total Final Cleanup ---- 980 ---- 980 Insurance 4,913 ---- ---- 4,913 Permits & Utilities 3,475 ---- ---- 3,475 Design & 1,616 ---- ---- 1,616 Engineering Subtotal indirect $10,004 $980 ---- $10,984 job cost Grand Total Item Name Materials Labor Equipment Total Contractor Markup $17,819 ---- ---- $17,819 Total cost $92,794 $58,493 $4,796 $156,083 This replacement cost estimate is based on the same sources and methods used to compile figures which appear in National Building Cost Manual published annually by Craftsman Book Company, 6058 Corte del Cedro, Carlsbad, CA 92011, 1-800-829-8123, http://www.craftsman-book.com. The labor, material and equipment costs in this report have been adjusted by factors in a cost index for the Zip area 056 Montpelier, Vermont. This index is revised quarterly. Current index factors for this area are: +2% for material, -10% for labor and +1% for equipment. This estimate assumes a single home is being replaced. December 24, 2020 ___________________________________________ No One, Your Humble Servant Family Occupancy - Page 3 of 3
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