Welcome to CompCruncher:
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CompCruncher Education and Training:
Modules 1-10
ADDRESS AND NEIGHBORHOOD SET
December 2009
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CompCruncher and CVR is a trademark of AppraisalWorld, Inc. Other brand and product names are trademarks or register trademarks of their respective owners.
AppraisalWorld, Inc.
302 Piercy Road
San Jose, CA 95138
Introduction:
Welcome to the first ten introductory modules of CompCruncher™!
These modules are designed to help you gain mastery in the use of the CompCruncher™ application to produce the Collateral Valuation Report (CVR).
CompCruncher™ is unique in the valuation industry and has been described as a “game-changer”. Why? Because the technology integrates data and analytics and enables you to meld your experience, knowledge and local skill-set to the most powerful application available
How to Use This Guide:
You will have been provided with the electronic files containing ten different residential single family dwellings in the Denver Metropolitan area. You will be completing Collateral Valuation Reports using the CompCruncher™ application. All of the data as already been provided to you via two data files, so there is no need for you to link into any MLS’.
Guide to Mastery:
We want you to have significant success in understanding and training on the CompCruncher™ application. If you follow the rules in this guide-we feel confident that you will work towards developing the skills needed to successfully complete your CompCruncher education and training.
Other Resources:
In addition to this guide-please make sure that you have reviewed the material in the “CompCruncher Quick-Start Guide” and “Regression Within CompCruncher”. Both have been designed to provide you with the strongest possible background to ensure your success. Remember, these resources provide you with additional background.
You have passed the coursework and taken the test. By completing the 10 sample appraisals within Phase II of the CompCruncher training-you will take the next vital steps that will guide you on your way to CompCruncher mastery!
Good Luck!
Your CompCruncher Team
Module #1
4942 South Hoyt Street
Littleton, CO 80123
First Thoughts:
This is a fairly homogeneous neighborhood in a suburban Denver location. Homes are generally from the 1980s and 1990s. Housing prices are within a range of $150,000 to $300,000. The neighborhood has good linkage to shopping and employment centers. Based on the characteristics of the neighborhood, the following neighborhood boundaries were drawn:
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Module #2
15318 W. Ellsworth Drive
Golden, CO 80401
First Thoughts:
This neighborhood is located in the far western suburbs of Denver, near the mountains. It is a very popular area due to its direct link with Interstate 70 and US Highway 6 (the northern boundary of the neighborhood). There is a large open-space park that creates a natural boundary for the neighborhood. Hence, the neighborhood boundaries were drawn around the open-space park. There is a lot of variability in the neighborhood in terms of housing product, with prices ranging from the $200,000 to over a million-so see what happens when considering all of the relevant sales in this neighborhood.
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Module #3
5225 E. Weaver Avenue
Centennial, CO 80121
First Thoughts:
Traditional neighborhood located west of a major Interstate highway. There are fewer sales in this area (based on what was pulled from MLS) so the neighborhood boundaries were drawn somewhat larger than I typical. Other interesting facts: A mix of newer and older homes, minimal new construction; established neighborhood.
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Module #4
1706 Cottonwood
Broomfield, CO 80020
First Thoughts:
A mixed neighborhood of older homes in a suburb north of Denver.
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Module #5
1164 S Coolidge Circle
Aurora, CO 80018
First Thoughts:
This is a newer neighborhood east of Denver and east of a newer highway. The neighborhood is an enclave, with rural lands surrounding it. There are enough sales, but it is critical not to cast the net too wide to gather in sales, since the sales in the subject neighborhood are significantly newer than sales 1-2 miles out.
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Module #6
4535 E 14th Avenue
Denver, CO 80220
First Thoughts:
This is a neighborhood in the Denver core. The neighborhood is mixed, with houses from the 1930-1960 era and newer homes in smaller enclaves and infill. Caution must be demonstrated to ensure that the sales considered and selected are appropriate to the subject.
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Module #7
2375 S Bannock Street
Denver, CO 80223
First Thoughts:
A transitional neighborhood, one of Denver’s first suburban developments in the 1920’s. Fewer sales than would be expected, the neighborhood boundaries are drawn broader than normally.
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Module #8
9518 S Devon Ct
Highlands Ranch, CO 80126
First Thoughts:
Highland’s Ranch is a PUD with more than 20,000 homes stretching between two major arterials in south Denver. Because of the large number of sales, and the fact that there are a number of different “nodes” in the neighborhood, boundaries were drawn more selectively, trying to avoid areas of higher-priced homes.
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Module #9
1942 Sundrop Trail
Highlands Ranch, CO 80126
First Thoughts:
A second property located in Highland’s Ranch; slightly different in terms of housing mix, neighborhood overlaps and segments the neighborhood for Module 8, but is slightly more specific to the subject.
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Module #10
3803 W. Temple Place
Denver, CO 80236
First Thoughts:
This neighborhood is a newer enclave that is situated in west Denver. The neighborhood includes homes built in the 1950’s and a newer area, in which homes were built between 1989-1992. Care should be given to properties that are from the older group, given that the subject was of newer construction.
One special note: to make this a bit challenging, assume that the data on the subject is not available from Fidelity. Go to Zillow and Trulia and see what information is available there. The subject’s information should be cross-checked with other records. Assume a site size of 8,976 sq ft; GLA of 2,202 sq ft; basement of 1,100 sq ft; a year of construction of 1992; and 4 bedrooms and 3 baths. Augment from Zillow or Trulia as appropriate.
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