HomeMy WebLinkAbout2024-07-09 Kropfl, Carrie - 940B1
Gloria Sanchez
From:Gloria Sanchez
Sent:Tuesday, July 9, 2024 12:32 PM
To:Carl Warren cjpia@carlwarren.com; Tim Varon
Cc:Todd Hileman; Isra Shah; Anthony Mejia; Chris Escobedo; Andrea Staehle
Subject:FW: Two Claims Filed this morning - Carrie Kropfl
Good afternoon Tim,
Two claims were received from Mrs. Kropfl. However, only one has completed the workflow. I am working with IT
to check on the hangup, but I will have it to you before the end of the day.
See the claimant’s request below.
If you have questions or need additional information, do no hesitate to contact me.
Kind regards,
From: Carrie Kropfl <Carrie.Kropfl@lifestylerentalproperties.com>
Sent: Tuesday, July 9, 2024 10:27 AM
To: CityClerk <CityClerk@palmdesert.gov>
Subject: Two Claims Filed this morning
Good morning,I filed two claims this morning and would like to confirm you received them. One for Gross Negligence and one for Discrimination. Please note, I need to add the following names on both claims as people that committed these things against me and my family. MAYOR: Kari
Good morning,
I filed two claims this morning and would like to confirm you received them. One for Gross Negligence and one
for Discrimination. Please note, I need to add the following names on both claims as people that committed
these things against me and my family.
MAYOR: Karina Quintanilla
MAYOR PRO TEM: Jan Harnik
COUNCIL MEMBER: Kathleen Kelly
COUNCIL MEMBER: Evan Trubee
If you require any address information in regard to my claims, please let me know ASAP.
Sincerely,
Carrie Kropfl
2
949-554-4448
Get Outlook for iOS
1
Gloria Sanchez
From:gsanchez@palmdesert.gov
Sent:Tuesday, July 9, 2024 11:52 AM
To:Todd Hileman; Isra Shah; cjpia@carlwarren.com
Cc:Chris Escobedo; Anthony Mejia; Andrea Staehle; tvaron@carlwarren.com
Subject:Claim Against the City of Palm Desert - 940B - Carrie Kropfl
Attachments:Claim Against the City of Palm Desert For Damage(s.pdf; ATT09500.PDF; 2022 Propert
Taxes.png; 2023 Property Taxes.png; airbnb_01_2023-12_2023 EARNINGS REPORT.csv;
Dec 2021 Closing Statement on Purchase.png; Bed linens pillows bed bug
encasements.pdf; Decore and lamp receipt.pdf; Receipt mattresses table mirror.pdf; 239
Serena Dr. APPRAISAL Stating it is a 3 bedroom.pdf; 239 Serena Dr. MLS Report stating
3 bedroom.pdf
Attached for your review and appropriate action is Claim No. 940B submitted by Carrie Kropfl.
If you have questions or need additional information, please do not hesitate to contact me.
Kind regards,
City of Palm Desert Clerk's Office
Action Appraisal Services (760) 779-9669
Monterey Country Club
111921
239 Serena Dr -Palm Desert CA 92260
Keith Kropfl/Carrie Kropfl Dorothea Barlow/Brenda Goodwin Riverside
Unit 20 CM 023/032 Int in Common Lots 4,5&6 TR 11454 MB 097/082
522-082-020 2020 3,371
Monterey Country Club N/A 818/E5 0449.29
0 681
5th Street Capital 2020 Camino Del Rio N 700, San Diego, CA 92108
DOM 43;Per DAMLS#CV-21205049, the subject was listed 09/22/2021 for $519,950; reduced
10/27/2021 to $499,950. On 11/07/2021, an offer of $495,000 was presented and accepted on 11/08/2021.
Arms length sale;Contract appears typical with no unusual terms or conditions. The contract consists of 19 pages and was provided to
the appraiser by PropertyRate.
495,000 11/08/2021 Realist
$0;;
259
719
425
0
43
39
85
15Subject bounded by Country Club Dr to the north, Monterey Ave to the west,
Portola Ave to the east and Fred Waring Dr to the south.
Subject is located in gated community of Monterey Country Club, consisting of attached Condo units, most with golf
course views. Surrounding area consists of similar gated communities of PUDs and Condo units and non-gated SFRs. Subject has good access
to shopping, schools and services. Commercial property consists of retail business and neighborhood shopping.
Market values currently appear to be increasing. Financing is typically cash, conventional
or FHA/VA. When priced competitively, estimated exposure time is 1-3 months. Subject's value is higher than the predominant value due to size
and upgrades which does not appear to have an adverse effect on marketability. See attached Market Conditions Addendum.
Level Typical for the are Average B;Glfvw;Mtn
R-L Residential, low density, 0-4 units/acre
The highest
and best use is residential as the remaining economic life of the subject's improvements are still contributing value to the site.
Asphalt
None
X 06065C2207H 04/19/2017
Subject is conforming site surrounded by similar properties. No adverse conditions noted. Title report not reviewed. Private streets are
maintained by the Homeowner's Association. Maintenance appears to be adequate. Private streets are typical for subject's area. Subject site
backs to golf course with golf and mountain views.
DAMLS, agents, appraiser files, owner
1
0
1979
20
Stucco
Tile
2512
2/1
Garage
50
34
34
0
34
0
34
N/A
1206
4
1206
30
1176
Albert Management,
760-346-9000. Per on-site sales office, 760-340-9988, there are approximately 30 units rented full time.
Form 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report File #
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The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.
Property Address Unit #City State Zip Code
Borrower Owner of Public Record County
Legal Description
Assessor's Parcel #Tax Year R.E. Taxes $
Project Name Phase #Map Reference Census Tract
Occupant Owner Tenant Vacant Special Assessments $HOA $per year per month
Property Rights Appraised Fee Simple Leasehold Other (describe)
Assignment Type Purchase Transaction Refinance Transaction Other (describe)
Lender/Client Address
Is the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal?Yes No
Report data source(s) used, offering price(s), and date(s).
I did did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not
performed.
Contract Price $Date of Contract Is the property seller the owner of public record?Yes No Data Source(s)
Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower?Yes No
If Yes, report the total dollar amount and describe the items to be paid.
Note: Race and the racial composition of the neighborhood are not appraisal factors.
Neighborhood Characteristics
Location Urban Suburban Rural
Built-Up Over 75%25-75%Under 25%
Growth Rapid Stable Slow
Condominium Unit Housing Trends
Property Values Increasing Stable Declining
Demand/Supply Shortage In Balance Over Supply
Marketing Time Under 3 mths 3-6 mths Over 6 mths
Condominium Housing
PRICE
$ (000)
AGE
(yrs)
Low
High
Pred.
Present Land Use %
One-Unit %
2-4 Unit %
Multi-Family %
Commercial %
Other %
Neighborhood Boundaries
Neighborhood Description
Market Conditions (including support for the above conclusions)
Topography Size Density View
Specific Zoning Classification Zoning Description
Zoning Compliance Legal Legal Nonconforming - Do the zoning regulations permit rebuilding to current density?Yes No
No Zoning Illegal (describe)
Is the highest and best use of subject property as improved (or as proposed per plans and specifications) the present use?Yes No If No, describe
Utilities Public Other (describe)Public Other (describe)
Electricity
Gas
Water
Sanitary Sewer
Off-site Improvements - Type Public Private
Street
Alley
FEMA Special Flood Hazard Area Yes No FEMA Flood Zone FEMA Map #FEMA Map Date
Are the utilities and off-site improvements typical for the market area?Yes No If No, describe
Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)?Yes No If Yes, describe
Data source(s) for project information
Project Description Detached Row or Townhouse Garden Mid-Rise High-Rise Other (describe)
General Description
# of Stories
# of Elevators
Existing Proposed
Under Construction
Year Built
Effective Age
General Description
Exterior Walls
Roof Surface
Total # Parking
Ratio (spaces/units)
Type
Guest Parking
Subject Phase
# of Units
# of Units Completed
# of Units For Sale
# of Units Sold
# of Units Rented
# of Owner Occupied Units
If Project Completed
# of Phases
# of Units
# of Units for Sale
# of Units Sold
# of Units Rented
# of Owner Occupied Units
If Project Incomplete
# of Planned Phases
# of Planned Units
# of Units for Sale
# of Units Sold
# of Units Rented
# of Owner Occupied Units
Project Primary Occupancy Principal Residence Second Home or Recreational Tenant
Is the developer/builder in control of the Homeowners' Association (HOA)?Yes No
Management Group -Homeowners' Association Developer Management Agent - Provide name of management company.
Does any single entity (the same individual, investor group, corporation, etc.) own more than 10% of the total units in the project?Yes No If Yes, Describe
Was the project created by the conversion of existing building(s) into a condominium?Yes No If Yes, describe the original use and date of conversion.
Are the units, common elements, and recreation facilities complete (including any planned rehabilitation for a condominium conversion)?Yes No If No, describe
Is there any commercial space in the project?Yes No If Yes, describe and indicate the overall percentage of the commercial space.
Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 1 of 6 Fannie Mae Form 1073 March 2005
Monterey Country Club
111921
Project improvements and common areas are maintained consistent with the Association
dues. Construction quality and condition of the project is average.
Gated entry, Pools, Spas, Clubhouse, Tennis courts, Golf course
For reasons of confidentiality, HOAs do not provide the project budget to appraisers in this market. Further, analysis
of such would be beyond the expertise of the appraiser. In the event the client would like such analysis, it is recommended that a licensed
accountant be engaged by the client.
Per the HOA, 760-346-9779, there is currently no pending litigation with
the HOA.
681 8,172.00 4.87
1
1
FAU Gas
Tile/Wood/Avg
Drywall/Avg
Wood/Paint/Avg
Tile/Avg
Hollow/Sliding/Avg
1
0
Slab
None
Ctyard
2
239
5 3 2.0 1,679
Wood floor throughout except for tile kitchen, baths; fireplace; wetbar; tile countertops; walk-in
closet; mirrored wardrobes; tiled atrium; patio; courtyard; auto garage door opener; golf/mountain views.
C3;Kitchen-updated-one to five years
ago;Bathrooms-not updated;No adverse factors are apparent. Subject has average quality construction and condition. No external inadequacies
noted. All utilities are turned on and all mechanical systems are functioning in a normal manner at the time of inspection. The subject has a
carbon monoxide detector and smoke detector. The water heater is double strapped. Upgrades include appliances, flooring, paint, lighting and
windows.
No deficiencies or adverse conditions were apparent or disclosed to appraiser. I have not been provided with any documentation revealing any
physical deficiencies and have reported only apparent adverse conditions. Borrower may not rely on this report for structural conditions that may
exist and is encouraged to obtain a home inspection by a professional home inspector to determine if problems exist. See Limiting Condition #5.
Subject conforms to the area with average appeal. Subject was measured by the appraiser and the calculated square footage (which may differ
from Public Records) is noted in this report.
DAMLS/Realist
DAMLS/Realist
DAMLS/Realist
11/19/2021
DAMLS/Realist
11/19/2021
DAMLS/Realist
11/19/2021
DAMLS/Realist
11/19/2021
Subject had no prior sales within the past 36 months. Comparable
Sales 1, 2 and 3 had no prior sales within the past year.
Form 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report File #
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Describe the condition of the project and quality of construction.
Describe the common elements and recreational facilities.
Are any common elements leased to or by the Homeowners' Association?Yes No If Yes, describe the rental terms and options.
Is the project subject to a ground rent?Yes No If Yes, $per year (describe terms and conditions)
Are the parking facilities adequate for the project size and type?Yes No If No, describe and comment on the effect on value and marketability.
I did did not analyze the condominium project budget for the current year. Explain the results of the analysis of the budget (adequacy of fees, reserves, etc.), or why
the analysis was not performed.
Are there any other fees (other than regular HOA charges) for the use of the project facilities?Yes No If Yes, report the charges and describe.
Compared to other competitive projects of similar quality and design, the subject unit charge appears High Average Low If High or Low, describe
Are there any special or unusual characteristics of the project (based on the condominium documents, HOA meetings, or other information) known to the appraiser?
Yes No If Yes, describe and explain the effect on value and marketability.
Unit Charge $per month X 12 = $per year Annual assessment charge per year per square feet of gross living area = $
Utilities included in the unit monthly assessment None Heat Air Conditioning Electricity Gas Water Sewer Cable Other (describe)
General Description
Floor #
# of Levels
Heating Type Fuel
Central AC Individual AC
Other (describe)
Interior materials/condition
Floors
Walls
Trim/Finish
Bath Wainscot
Doors
Amenities
Fireplace(s) #
WoodStove(s) #
Deck/Patio
Porch/Balcony
Other
Appliances
Refrigerator
Range/Oven
Disp Microwave
Dishwasher
Washer/Dryer
Car Storage
None
Garage Covered Open
# of Cars
Assigned Owned
Parking Space #
Finished area above grade contains:Rooms Bedrooms Bath(s)Square Feet of Gross Living Area Above Grade
Are the heating and cooling for the individual units separately metered?Yes No If No, describe and comment on compatibility to other projects in the market area.
Additional features (special energy efficient items, etc.)
Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.).
Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property?Yes No If Yes, describe
Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)?Yes No If No, describe
I did did not research the sale or transfer history of the subject property and comparable sales. If not, explain
My research did did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal.
Data source(s)
My research did did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale.
Data source(s)
Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3).
ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3
Date of Prior Sale/Transfer
Price of Prior Sale/Transfer
Data Source(s)
Effective Date of Data Source(s)
Analysis of prior sale or transfer history of the subject property and comparable sales.
Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 2 of 6 Fannie Mae Form 1073 March 2005
Monterey Country Club
111921
3 476,000 585,000
68 302,000 680,000
239 Serena Dr
-, Palm Desert, CA 92260
Monterey Country Club
N/A
495,000
294.82
B;Res;Gated
Fee Simple
681
Pools/Spas
Golf/Tennis
1
B;Glfvw;Mtn
RT1L;Attached
Q4
42
C3
5 3 2.0
1,679
0sf
Average
FAU/CAC
None
2g;owned
Patios
Fireplace Fireplace
260 Calle Del Verano
-, Palm Desert, CA 92260
Monterey Country Club
N/A
0.70 miles SE
495,000
312.50
DAMLS#219064647;DOM 3
Realist/Doc#467936 08/05/2021
ArmLth
Cash;0
s08/21;c07/21
B;Res;Gated
Fee Simple
681
Pools/Spas
Golf/Tennis
1
B;Glfvw;Mtn
RT1L;Attached
Q4
41 0
C3
5 3 2.0
1,584 +5,700
0sf
Average
FAU/CAC
None
2g;owned
Patios
Fireplace
5,700
1.2
1.2 500,700
359 Gran Via
-, Palm Desert, CA 92260
Monterey Country Club
N/A
0.31 miles E
470,000
281.44
DAMLS#219060009;DOM 13
Realist/Doc#307369 05/19/2021
ArmLth
Cash;0
s05/21;c04/21 +23,000
B;Res;Gated
Fee Simple
681
Pools/Spas
Golf/Tennis
1
B;Glfvw;Mtn
RT1L;Attached
Q4
42
C3
5 3 2.0
1,670 0
0sf
Average
FAU/CAC
None
2g;owned
Patios
None +4,000
27,000
5.7
5.7 497,000
189 Madrid Ave
-, Palm Desert, CA 92260
Monterey Country Club
N/A
0.44 miles SE
545,000
302.78
DAMLS#219069527;DOM 5
Realist/Doc#674079 11/12/2021
ArmLth
Cash;0
s11/21;c11/21
B;Res;Gated
Fee Simple
681
Pools/Spas
Golf/Tennis
1
B;Glfvw;Mtn
RT1L;Attached
Q4
41 0
C3 -30,000
5 3 2.0
1,800 -7,300
0sf
Average
FAU/CAC
None
2g;owned
Patios
Fireplace
-37,300
6.8
6.8 507,700
See attached Addendum.
500,000
500,000
Most weight given to Sales Comparison Approach as it best reflects the actions of the buyers and sellers in the marketplace. The Cost Approach
is not applicable for Condominium units due to shared structures and common areas. The Income Approach is not reliable since homes in
subject's area are not typically purchased or sold for their income producing capabilities.
This is an APPRAISAL REPORT
prepared in accordance with USPAP Standards Rule 2-2(a).
500,000 11/19/2021
Form 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report File #
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There are comparable properties currently offered for sale in the subject neighborhood ranging in price from $to $.
There are comparable sales in the subject neighborhood within the past twelve months ranging in sale price from $to $.
FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
Address and
Unit #
Project Name and
Phase
Proximity to Subject
Sale Price $$$$
Sale Price/Gross Liv. Area $sq. ft.$sq. ft.$sq. ft.$sq. ft.
Data Source(s)
Verification Source(s)
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ Adjustment
Sales or Financing
Concessions
Date of Sale/Time
Location
Leasehold/Fee Simple
HOA Mo. Assessment
Common Elements
and Rec. Facilities
Floor Location
View
Design (Style)
Quality of Construction
Actual Age
Condition
Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths
Room Count
Gross Living Area sq. ft.sq. ft.sq. ft.sq. ft.
Basement & Finished
Rooms Below Grade
Functional Utility
Heating/Cooling
Energy Efficient Items
Garage/Carport
Porch/Patio/Deck
Net Adjustment (Total)+-+-+-$$$
Adjusted Sale Price
of Comparables $$$
Net Adj.%
Gross Adj.%
Net Adj.%
Gross Adj.%
Net Adj.%
Gross Adj.%
Summary of Sales Comparison Approach
Indicated Value by Sales Comparison Approach $
INCOME APPROACH TO VALUE (not required by Fannie Mae)
Estimated Monthly Market Rent $X Gross Rent Multiplier = $Indicated Value by Income Approach
Summary of Income Approach (including support for market rent and GRM)
Indicated Value by: Sales Comparison Approach $Income Approach (if developed) $
This appraisal is made "as is",subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been
completed,subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or subject to the
following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair:
Based on a complete visual inspection of the interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limitingconditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the real property that is the subject of this report is
$, as of ,which is the date of inspection and the effective date of this appraisal.
Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 3 of 6 Fannie Mae Form 1073 March 2005
Monterey Country Club
111921
Form 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report File #
This report form is designed to report an appraisal of a unit in a condominium project or a condominium unit in a planned
unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a
cooperative project.
This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value,
statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended
use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may
expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal
assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do
not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's
continuing education or membership in an appraisal organization, are permitted.
The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the
reporting requirements of this appraisal report form, including the following definition of market value, statement of
assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual
inspection of the interior and exterior areas of the subject unit, (2) inspect and analyze the condominium project, (3) inspect
the neighborhood, (4) inspect each of the comparable sales from at least the street, (5) research, verify, and analyze data
from reliable public and/or private sources, and (6) report his or her analysis, opinions, and conclusions in this appraisal
report.
The intended use of this appraisal report is for the lender/client to evaluate the property that is the
subject of this appraisal for a mortgage finance transaction.
The intended user of this appraisal report is the lender/client.
The most probable price which a property should bring in a competitive and open market under all
conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not
affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of
title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well
informed or well advised, and each acting in what he or she considers his or her own best interest; (3)a reasonable time is
allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial
arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by
special or creative financing or sales concessions* granted by anyone associated with the sale.
*Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are
necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are
readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing
adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional
lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical
dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's
reaction to the financing or concessions based on the appraiser's judgment.
The appraiser's certification in this report is
subject to the following assumptions and limiting conditions:
1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the
title to it, except for information that he or she became aware of during the research involved in performing this appraisal.
The appraiser assumes that the title is good and marketable and will not render any opinions about the title.
2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements.
The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination
of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency
(or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an
identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or
implied, regarding this determination.
4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,
unless specific arrangements to do so have been made beforehand, or as otherwise required by law.
5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the
presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or
she became aware of during the research involved in performing this appraisal. Unless otherwise stated in this appraisal
report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the
property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances,
adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no
such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any
such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions
exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be
considered as an environmental assessment of the property.
6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to
satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject
property will be performed in a professional manner.
Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 4 of 6 Fannie Mae Form 1073 March 2005
Monterey Country Club
111921
Form 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report File #
The Appraiser certifies and agrees that:
1.I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in
this appraisal report.
2.I performed a complete visual inspection of the interior and exterior areas of the subject property.I reported the condition
of the improvements in factual, specific terms.I identified and reported the physical deficiencies that could affect the livability,
soundness, or structural integrity of the property.
3.I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal
Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in
place at the time this appraisal report was prepared.
4.I developed my opinion of the market value of the real property that is the subject of this report based on the sales
comparison approach to value.I have adequate comparable market data to develop a reliable sales comparison approach
for this appraisal assignment.I further certify that I considered the cost and income approaches to value but did not develop
them, unless otherwise indicated in this report.
5.I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for
sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject
property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report.
6.I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior
to the date of sale of the comparable sale, unless otherwise indicated in this report.
7.I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
8.I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that
has been built or will be built on the land.
9.I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject
property and the comparable sales.
10.I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in
the sale or financing of the subject property.
11.I have knowledge and experience in appraising this type of property in this market area.
12.I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing
services, tax assessment records, public land records and other such data sources for the area in which the property is located.
13.I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from
reliable sources that I believe to be true and correct.
14.I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject
property, and the proximity of the subject property to adverse influences in the development of my opinion of market value.I
have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the
presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the
subject property or that I became aware of during the research involved in performing this appraisal.I have considered these
adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and
marketability of the subject property.
15.I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all
statements and information in this appraisal report are true and correct.
16.I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which
are subject only to the assumptions and limiting conditions in this appraisal report.
17.I have no present or prospective interest in the property that is the subject of this report, and I have no present or
prospective personal interest or bias with respect to the participants in the transaction.I did not base, either partially or
completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital
status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the
present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.
18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not
conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting)a
predetermined specific value,a predetermined minimum value,a range or direction in value,a value that favors the cause of
any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending
mortgage loan application).
19.I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I
relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal
or the preparation of this appraisal report,I have named such individual(s) and disclosed the specific tasks performed in this
appraisal report.I certify that any individual so named is qualified to perform the tasks.I have not authorized anyone to make
a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no
responsibility for it.
20.I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that
ordered and will receive this appraisal report.
Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 5 of 6 Fannie Mae Form 1073 March 2005
Monterey Country Club
111921
Judy A Gaudiano
Action Appraisal Services
P.O. Box 2101
Rancho Mirage, CA 92270
(760) 250-1152
appraisal@judyg.net
11/22/2021
11/19/2021
AR003778
CA
02/18/2023
239 Serena Dr
-, Palm Desert, CA 92260
500,000
PropertyRate, LLC
5th Street Capital
2020 Camino Del Rio N 700, San Diego, CA
92108
Form 1073UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report File #
21.The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the
borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other
secondary market participants; data collection or reporting services; professional appraisal organizations; any department,
agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to
obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal
report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public
relations, news, sales, or other media).
22.I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain
laws and regulations. Further,I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice
that pertain to disclosure or distribution by me.
23.The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage
insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part
of any mortgage finance transaction that involves any one or more of these parties.
24.If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature.
25.Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or
criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States
Code, Section 1001, et seq., or similar state laws.
The Supervisory Appraiser certifies and agrees that:
1.I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's
analysis, opinions, statements, conclusions, and the appraiser's certification.
2.I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions,
statements, conclusions, and the appraiser's certification.
3.The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or the
appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.
4.This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and
promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal
report was prepared.
5.If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature.
Signature
Name
Company Name
Company Address
Telephone Number
Email Address
Date of Signature and Report
Effective Date of Appraisal
State Certification #
or State License #
or Other (describe)State #
State
Expiration Date of Certification or License
ADDRESS OF PROPERTY APPRAISED
APPRAISED VALUE OF SUBJECT PROPERTY $
LENDER/CLIENT
Name
Company Name
Company Address
Email Address
Signature
Name
Company Name
Company Address
Telephone Number
Email Address
Date of Signature
State Certification #
or State License #
State
Expiration Date of Certification or License
SUBJECT PROPERTY
Did not inspect subject property
Did inspect exterior of subject property from street
Date of Inspection
Did inspect interior and exterior of subject property
Date of Inspection
COMPARABLE SALES
Did not inspect exterior of comparable sales from street
Did inspect exterior of comparable sales from street
Date of Inspection
Freddie Mac Form 465 March 2005 UAD Version 9/2011 Page 6 of 6 Fannie Mae Form 1073 March 2005
Monterey Country Club
111921
239 Serena Dr
-, Palm Desert, CA 92260
Monterey Country Club
N/A
495,000
294.82
B;Res;Gated
Fee Simple
681
Pools/Spas
Golf/Tennis
1
B;Glfvw;Mtn
RT1L;Attached
Q4
42
C3
5 3 2.0
1,679
0sf
Average
FAU/CAC
None
2g;owned
Patios
Fireplace Fireplace
DAMLS/Realist
11/19/2021
146 Gran Via
-, Palm Desert, CA 92260
Monterey Country Club
N/A
0.41 miles S
535,000
297.22
DAMLS#219062901;DOM 1
Realist/Doc#395184 06/30/2021
ArmLth
Cash;0
s06/21;c06/21
B;Res;Gated
Fee Simple
681
Pools/Spas
Golf/Tennis
1
B;Glfvw;Mtn
RT1L;Attached
Q4
42
C3 -30,000
5 3 2.0
1,800 -7,300
0sf
Average
FAU/CAC
None
2g;owned
Patios
Fireplace
-37,300
7.0
7.0 497,700
DAMLS/Realist
11/19/2021
254 Calle Del Verano
-, Palm Desert, CA 92260
Monterey Country Club
N/A
0.69 miles SE
476,000
287.44
DAMLS#219069975;DOM 17
Realist
Listing
c11/21
B;Res;Gated
Fee Simple
681
Pools/Spas
Golf/Tennis
1
B;Glfvw;Mtn
RT1L;Attached
Q4
41 0
C3
5 2 2.0 0
1,656 0
0sf
Average
FAU/CAC
None
2g;owned
Patios
Fireplace
0
0.0
0.0 476,000
DAMLS/Realist
11/19/2021
110 Don Miguel Cir
-, Palm Desert, CA 92260
Monterey Country Club
N/A
0.10 miles NW
520,000
328.28
DAMLS#219070377;DOM 7
Realist
Listing
Active
B;Res;Gated
Fee Simple
681
Pools/Spas
Golf/Tennis
1
B;Glfvw;Mtn
RT1L;Attached
Q4
42
C3 -30,000
5 3 2.0
1,584 +5,700
0sf
Average
FAU/CAC
None
2g;owned
Patios
Fireplace
-24,300
4.7
6.9 495,700
08/24/2021
$380,000
Realist/Doc#506591
11/19/2021
4 5 6
4 5 6
Comparable Sales 4 and 5 had no prior sales within the past year.
Comparable Sale 6 had a prior sale as noted. Since this sale, Sale 6 has been updated. Recent list price is consistent with list prices of similar
homes currently on the market.
See attached Addendum.
Form 1073UAD.(AC) - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Individual Condominium Unit Appraisal Report File #
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FEATURE SUBJECT COMPARABLE SALE #COMPARABLE SALE #COMPARABLE SALE #
Address and
Unit #
Project Name and
Phase
Proximity to Subject
Sale Price $$$$
Sale Price/Gross Liv. Area $sq. ft.$sq. ft.$sq. ft.$sq. ft.
Data Source(s)
Verification Source(s)
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ Adjustment
Sales or Financing
Concessions
Date of Sale/Time
Location
Leasehold/Fee Simple
HOA Mo. Assessment
Common Elements
and Rec. Facilities
Floor Location
View
Design (Style)
Quality of Construction
Actual Age
Condition
Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths
Room Count
Gross Living Area sq. ft.sq. ft.sq. ft.sq. ft.
Basement & Finished
Rooms Below Grade
Functional Utility
Heating/Cooling
Energy Efficient Items
Garage/Carport
Porch/Patio/Deck
Net Adjustment (Total)+-+-+-$$$
Adjusted Sale Price
of Comparables $$$
Net Adj.%
Gross Adj.%
Net Adj.%
Gross Adj.%
Net Adj.%
Gross Adj.%
Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3).
ITEM SUBJECT COMPARABLE SALE #COMPARABLE SALE #COMPARABLE SALE #
Date of Prior Sale/Transfer
Price of Prior Sale/Transfer
Data Source(s)
Effective Date of Data Source(s)
Analysis of prior sale or transfer history of the subject property and comparable sales
Analysis/Comments
Freddie Mac Form 465 March 2005 Fannie Mae Form 1073 March 2005UAD Version 9/2011
Sales Comparison Analysis:
Information obtained from DAMLS, agents and Public Records revealed that the comparable sales used in this report are the
most applicable available. No personal property was assigned value in this appraisal.
All Sales are similar condominium homes from the subject's community. All have the same common amenities and similar
marketability.
Sale 1 is smaller in size.
Sale 2 is a model match home. It is a dated sale and was given a time adjustment applied at .7 per month from the contract
date.
Sales 3 and 4 are larger in size. They have upgraded kitchen countertops and upgraded baths and were given superior
condition adjustments.
Sales 5 and 6 are pending/active listings of condominiums from the subject's community. No listing adjustment was applied
since homes are currently selling at or above list price.
Sale 5 is similar in size and condition.
Sale 6 is smaller in size but has upgraded kitchen and baths and was given a superior condition adjustment.
All Sales were considered in arriving at the final opinion of value. Most weight given to Sales 1 and 2, with the fewest
adjustments. Moderate weight given to Sales 3 and 4. Sales 5 and 6 were included as pending/active listings.
A party receiving a copy of this Appraisal Report in order to satisfy disclosure requirements does not become an intended user
of the appraisal unless the appraiser identifies such party as an intended user as part of the assignment.
Exposure time as defined by the Uniform Standards of Professional Appraisal Practice (USPAP) is the estimated length of time
that the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a
sale at market value on the effective date of the appraisal. Exposure time is a retrospective opinion based on an analysis of
past events assuming a competitive and open market.
ADDITIONAL CERTIFICATIONS:
I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report
within the three-year period immediately preceding acceptance of this assignment.
Supplemental Addendum
Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
111921
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
Borrower
Lender/Client
Property Address
City County State Zip Code
File No.
Monterey Country Club
111921
Form UADDEFINE1A - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.
The improvements have been recently constructed and have not been previously occupied. The entire structure and all components are new
and the dwelling features no physical depreciation.
The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs. Virtually all building components
are new or have been recently repaired, refinished, or rehabilitated. All outdated components and finishes have been updated and/or replaced
with components that meet current standards. Dwellings in this category are either almost new or have been recently completely renovated and
are similar in condition to new construction.
The improvements are well maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not every
major building component, may be updated or recently rehabilitated. The structure has been well maintained.
The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has been
adequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major building
components have been adequately maintained and are functionally adequate.
The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs,
rehabilitation, or updating. The functional utility and overall livability is somewhat diminished due to condition, but the dwelling remains
useable and functional as a residence.
The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety,
soundness, or structural integrity of the improvements. The improvements are in need of substantial repairs and rehabilitation, including many
or most major components.
Dwellings with this quality rating are usually unique structures that are individually designed by an architect for a specified user. Such
residences typically are constructed from detailed architectural plans and specifications and feature an exceptionally high level of workmanship
and exceptionally high-grade materials throughout the interior and exterior of the structure. The design features exceptionally high-quality
exterior refinements and ornamentation, and exceptionally high-quality interior refinements. The workmanship, materials, and finishes
throughout the dwelling are of exceptionally high quality.
Dwellings with this quality rating are often custom designed for construction on an individual property owner’s site. However, dwellings in
this quality grade are also found in high-quality tract developments featuring residence constructed from individual plans or from highly
modified or upgraded plans. The design features detailed, high quality exterior ornamentation, high-quality interior refinements, and detail. The
workmanship, materials, and finishes throughout the dwelling are generally of high or very high quality.
UAD Version 9/2011 (Updated 1/2014)
Form UADDEFINE1A - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans in above-standard
residential tract developments or on an individual property owner’s site. The design includes significant exterior ornamentation and interiors
that are well finished. The workmanship exceeds acceptable standards and many materials and finishes throughout the dwelling have been
upgraded from “stock” standards.
Dwellings with this quality rating meet or exceed the requirements of applicable building codes. Standard or modified standard building plans
are utilized and the design includes adequate fenestration and some exterior ornamentation and interior refinements. Materials, workmanship,
finish, and equipment are of stock or builder grade and may feature some upgrades.
Dwellings with this quality rating feature economy of construction and basic functionality as main considerations. Such dwellings feature a
plain design using readily available or basic floor plans featuring minimal fenestration and basic finishes with minimal exterior ornamentation
and limited interior detail. These dwellings meet minimum building codes and are constructed with inexpensive, stock materials
with limited refinements and upgrades.
Dwellings with this quality rating are of basic quality and lower cost; some may not be suitable for year-round occupancy. Such dwellings
are often built with simple plans or without plans, often utilizing the lowest quality building materials. Such dwellings are often built or
expanded by persons who are professionally unskilled or possess only minimal construction skills. Electrical, plumbing, and other mechanical
systems and equipment may be minimal or non-existent. Older dwellings may feature one or more substandard or non-conforming additions
to the original structure
Residential properties of fifteen years of age or less often reflect an original condition with no updating, if no major
components have been replaced or updated. Those over fifteen years of age are also considered not updated if the
appliances, fixtures, and finishes are predominantly dated. An area that is ‘Not Updated’ may still be well maintained
and fully functional, and this rating does not necessarily imply deferred maintenance or physical/functional deterioration.
An updated area of the home should have an improved look and feel, or functional utility. Changes that constitute
updates include refurbishment and/or replacing components to meet existing market expectations. Updates do not
include significant alterations to the existing structure.
A remodeled area reflects fundamental changes that include multiple alterations. These alterations may include
some or all of the following: replacement of a major component (cabinet(s), bathtub, or bathroom tile), relocation
of plumbing/gas fixtures/appliances, significant structural alterations (relocating walls, and/or the addition of)
square footage). This would include a complete gutting and rebuild.
Three-quarter baths are counted as a full bath in all cases. Quarter baths (baths that feature only a toilet) are not
included in the bathroom count. The number of full and half baths is reported by separating the two values using a
period, where the full bath count is represented to the left of the period and the half bath count is represented to the
right of the period.
3.2 indicates three full baths and two half baths.
UAD Version 9/2011 (Updated 1/2014)
Form UADDEFINE1A - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
A Adverse Location & View
ac Acres Area, Site
AdjPrk Adjacent to Park Location
AdjPwr Adjacent to Power Lines Location
ArmLth Arms Length Sale Sale or Financing Concessions
AT Attached Structure Design (Style)
B Beneficial Location & View
ba Bathroom(s)Basement & Finished Rooms Below Grade
br Bedroom Basement & Finished Rooms Below Grade
BsyRd Busy Road Location
c Contracted Date Date of Sale/Time
Cash Cash Sale or Financing Concessions
Comm Commercial Influence Location
Conv Conventional Sale or Financing Concessions
cp Carport Garage/Carport
CrtOrd Court Ordered Sale Sale or Financing Concessions
CtySky City View Skyline View View
CtyStr City Street View View
cv Covered Garage/Carport
DOM Days On Market Data Sources
DT Detached Structure Design (Style)
dw Driveway Garage/Carport
e Expiration Date Date of Sale/Time
Estate Estate Sale Sale or Financing Concessions
FHA Federal Housing Authority Sale or Financing Concessions
g Garage Garage/Carport
ga Attached Garage Garage/Carport
gbi Built-in Garage Garage/Carport
gd Detached Garage Garage/Carport
GlfCse Golf Course Location
Glfvw Golf Course View View
GR Garden Design (Style)
HR High Rise Design (Style)
in Interior Only Stairs Basement & Finished Rooms Below Grade
Ind Industrial Location & View
Listing Listing Sale or Financing Concessions
Lndfl Landfill Location
LtdSght Limited Sight View
MR Mid-rise Design (Style)
Mtn Mountain View View
N Neutral Location & View
NonArm Non-Arms Length Sale Sale or Financing Concessions
o Other Basement & Finished Rooms Below Grade
O Other Design (Style)
op Open Garage/Carport
Prk Park View View
Pstrl Pastoral View View
PwrLn Power Lines View
PubTrn Public Transportation Location
Relo Relocation Sale Sale or Financing Concessions
REO REO Sale Sale or Financing Concessions
Res Residential Location & View
RH USDA - Rural Housing Sale or Financing Concessions
rr Recreational (Rec) Room Basement & Finished Rooms Below Grade
RT Row or Townhouse Design (Style)
s Settlement Date Date of Sale/Time
SD Semi-detached Structure Design (Style)
Short Short Sale Sale or Financing Concessions
sf Square Feet Area, Site, Basement
sqm Square Meters Area, Site
Unk Unknown Date of Sale/Time
VA Veterans Administration Sale or Financing Concessions
w Withdrawn Date Date of Sale/Time
wo Walk Out Basement Basement & Finished Rooms Below Grade
Woods Woods View View
Wtr Water View View
WtrFr Water Frontage Location
wu Walk Up Basement Basement & Finished Rooms Below Grade
UAD Version 9/2011 (Updated 1/2014)
Monterey Country Club
111921
239 Serena Dr Palm Desert CA 92260
Keith Kropfl/Carrie Kropfl
45
7.50
3
0.4
398,000
32
470,000
35
100.00%
12
4.00
7
1.8
461,500
10
565,000
45
101.00%
11
3.67
3
0.8
456,000
33
520,000
13
99.00%
Concessions are not currently typical.
REO and short sales are not currently a factor in the market.
DAMLS/Realist
Analysis was completed for condominium homes in the subject's community that range in size from 1400 square feet to 1950 square feet.
The median prices noted above indicate that values are increasing from the prior six months. The information contained in the 1004MC is not
considered reliable or credible for the neighborhood section of the URAR. Listing information is not included in the neighborhood section.
Monterey Country Club
60
10.00
5
0.5
23
7.67
11
1.4
20
6.67
7
1.0
REO sales are not currently a factor in the market.
As the number of listings continue to decline, the increase in value
will tend to rise.
Judy A Gaudiano
Action Appraisal Services
P.O. Box 2101, Rancho Mirage, CA 92270
AR003778 CA
appraisal@judyg.net
Form 1004MC2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
File No.Market Conditions Addendum to the Appraisal Report
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The purpose of this addendum is to provide the lender/client with a clear and accurate understanding of the market trends and conditions prevalent in the subject
neighborhood. This is a required addendum for all appraisal reports with an effective date on or after April 1, 2009.
Property Address City State ZIP Code
Borrower
Instructions:The appraiser must use the information required on this form as the basis for his/her conclusions, and must provide support for those conclusions, regarding
housing trends and overall market conditions as reported in the Neighborhood section of the appraisal report form. The appraiser must fill in all the information to the extent
it is available and reliable and must provide analysis as indicated below. If any required data is unavailable or is considered unreliable, the appraiser must provide an
explanation. It is recognized that not all data sources will be able to provide data for the shaded areas below; if it is available, however, the appraiser must include the data
in the analysis. If data sources provide the required information as an average instead of the median, the appraiser should report the available figure and identify it as an
average. Sales and listings must be properties that compete with the subject property, determined by applying the criteria that would be used by a prospective buyer of the
subject property. The appraiser must explain any anomalies in the data, such as seasonal markets, new construction, foreclosures, etc.
Inventory Analysis Prior 7–12 Months Prior 4–6 Months Current – 3 Months Overall Trend
Median Sale & List Price, DOM, Sale/List %Prior 7–12 Months Prior 4–6 Months Current – 3 Months
Total # of Comparable Sales (Settled)
Absorption Rate (Total Sales/Months)
Total # of Comparable Active Listings
Months of Housing Supply (Total Listings/Ab.Rate)
Median Comparable Sale Price
Median Comparable Sales Days on Market
Median Comparable List Price
Median Comparable Listings Days on Market
Median Sale Price as % of List Price
Increasing Stable Declining
Increasing Stable Declining
Declining Stable Increasing
Declining Stable Increasing
Overall Trend
Increasing Stable Declining
Declining Stable Increasing
Increasing Stable Declining
Declining Stable Increasing
Increasing Stable Declining
Seller-(developer, builder, etc.)paid financial assistance prevalent?Yes No Declining Stable Increasing
Explain in detail the seller concessions trends for the past 12 months (e.g., seller contributions increased from 3% to 5%, increasing use of buydowns, closing costs, condo
fees, options, etc.).
Are foreclosure sales (REO sales) a factor in the market?Yes No If yes, explain (including the trends in listings and sales of foreclosed properties).
Cite data sources for above information.
Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form. If you used any additional information, such as
an analysis of pending sales and/or expired and withdrawn listings, to formulate your conclusions, provide both an explanation and support for your conclusions.
If the subject is a unit in a condominium or cooperative project , complete the following:Project Name:
Subject Project Data Prior 7–12 Months Prior 4–6 Months Current – 3 Months Overall Trend
Total # of Comparable Sales (Settled)
Absorption Rate (Total Sales/Months)
Months of Unit Supply (Total Listings/Ab.Rate)
Total # of Active Comparable Listings
Increasing Stable Declining
Increasing Stable Declining
Declining Stable Increasing
Declining Stable Increasing
Are foreclosure sales (REO sales) a factor in the project?Yes No If yes, indicate the number of REO listings and explain the trends in listings and sales of
foreclosed properties.
Summarize the above trends and address the impact on the subject unit and project.
Signature
Appraiser Name
Company Name
Company Address
State License/Certification #State
Email Address
Signature
Supervisory Appraiser Name
Company Name
Company Address
State License/Certification #State
Email Address
Freddie Mac Form 71 March 2009 Page 1 of 1 Fannie Mae Form 1004MC March 2009
Monterey Country Club
111921
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
10-45
20-60
Judy A Gaudiano
11/22/2021
AR003778
CA
02/18/2023
11/19/2021
Form ID14EC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Borrower
Lender/Client
Loan #
File #
Property Address
City County State Zip Code
This Appraisal Report is one of the following types:
Appraisal Report This report was prepared in accordance with the requirements of the Appraisal Report option of USPAP Standards Rule 2-2(a).
Restricted Appraisal Report This report was prepared in accordance with the requirements of the Restricted Appraisal Report option of USPAP Standards Rule 2-2(b). The
intended user of this report is limited to the identified client. This is a Restricted Appraisal Report and the rationale for how the appraiser arrived
at the opinions and conclusions set forth in the report may not be understood properly without the additional information in the appraiser's workfile.
I certify that, to the best of my knowledge and belief:
The statements of fact contained in this report are true and correct.
The report analyses, opinions, and conclusions are limited only by the reported assumptions and are my personal, impartial, and unbiased professional analyses,
opinions, and conclusions.
I have no (or the specified) present or prospective interest in the property that is the subject of this report and no (or specified) personal interest with respect to the
parties involved.
I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment.
My engagement in this assignment was not contingent upon developing or reporting predetermined results.
My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause
of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of
this appraisal.
My analyses, opinions, and conclusions were developed and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice.
This appraisal report was prepared in accordance with the requirements of Title XI of FIRREA and any implementing regulations.
I have performed services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period
immediately preceding acceptance of this assignment.
I performed services, as an appraiser or in another capacity, regarding the property that is the subject of this report within the three-year period immediately
preceding acceptance of this assignment. Those services are described in the comments below.
I have made a personal inspection of the property that is the subject of this report.
I made a personal inspection of the property that is the subject of this report.
Unless otherwise noted, no one provided significant real property appraisal assistance to the person signing this certification. If anyone did provide significant assistance, they
are hereby identified along with a summary of the extent of the assistance provided in the report.
Additional USPAP related issues requiring disclosure and/or any state mandated requirements:
A reasonable marketing time for the subject property is day(s) utilizing market conditions pertinent to the appraisal assignment.
A reasonable exposure time for the subject property is day(s).
Signature
Name
Date of Signature
State Certification #
or State License #
State
Expiration Date of Certification or License
Effective Date of Appraisal
Signature
Name
Date of Signature
State Certification #
or State License #
State
Expiration Date of Certification or License
Supervisory Appraiser Inspection of Subject Property
Did Not Exterior-only from Street Interior and Exterior
USPAP Compliance Addendum 2014 Page 1 of 1
Form SKT.BLDSKI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Building Sketch
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
Borrower
Lender/Client
Property Address
City County State Zip Code
Form MAP.PLAT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Plat Map
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
Borrower
Lender/Client
Property Address
City County State Zip Code
Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Aerial Location Map
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
Borrower
Lender/Client
Property Address
City County State Zip Code
Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Location Map
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
Borrower
Lender/Client
Property Address
City County State Zip Code
Form PICSIX2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
Subject Front Subject Rear
(subject attached on both sides)
Subject Street Subject's Golf/Mountain View
Subject's Patio Courtyard
Borrower
Lender/Client
Property Address
City County State Zip Code
Form PICSIX2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
Living Room Kitchen
Dining Area Bedroom #1
Bedroom #2 Bedroom #3
Borrower
Lender/Client
Property Address
City County State Zip Code
Form PICFOUR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
Bath #1 Bath #2
Bath #2 Garage Interior
Borrower
Lender/Client
Property Address
City County State Zip Code
Comments:Comments:
Comments:Comments:
Form PICFOUR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Photograph Addendum
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
Atrium Carbon Monoxide Detector
Smoke Detector Strapped Water Heater
Borrower
Lender/Client
Property Address
City County State Zip Code
Comments:Comments:
Comments:Comments:
Form PICPIX.BR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comparable Photo Page
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
Comparable 1
260 Calle Del Verano
Comparable 2
359 Gran Via
Comparable 3
189 Madrid Ave
Borrower
Lender/Client
Property Address
City County State Zip Code
Form PICPIX.BR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comparable Photo Page
Keith Kropfl/Carrie Kropfl
239 Serena Dr
Palm Desert Riverside CA 92260
5th Street Capital
Comparable 4
146 Gran Via
Comparable 5
254 Calle Del Verano
Comparable 6
110 Don Miguel Cir
Borrower
Lender/Client
Property Address
City County State Zip Code
Appraisal License
Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
E&O Insurance - Page 1
Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
E&O Insurance - Page 2
Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
239 Serena Dr, Palm Desert, CA 92260-2157, Riverside County
APN: 622-082-020 CLIP: 2313009056
MLS Beds
3
MLS Full Baths
2
Half Baths
N/A
MLS Sale Price
$495,000
MLS Sale Date
12/09/2021
MLS Sq Ft
1,670
Lot Sq Ft
N/A
MLS Yr Built
1979
Type
CONDO
OWNER INFORMATION
Owner Name Casa Monterey 239 Tax Billing City & State San Clemente, CA
Mail Owner Name Monterey 239 Casa Tax Billing Zip 92672
Tax Billing Address 246 W Esalones
COMMUNITY INSIGHTS
Median Home Value $530,493 School District DESERT SANDS UNIFIED
Median Home Value Rating 8 / 10 Family Friendly Score 21 / 100
Total Crime Risk Score (for the neighborhood, relative to the nation)19 / 100 Walkable Score 57 / 100
Total Incidents (1 yr)166 Q1 Home Price Forecast $536,817
Standardized Test Rank 62 / 100 Last 2 Yr Home Appreciation 19%
LOCATION INFORMATION
Zip Code 92260 Comm College District Code Desert
Carrier Route C024 Location Influence Golf Course
Zoning PR5 Census Tract 449.29
Tract Number 11454 Within 250 Feet of Multiple Flood Z
one
No
School District Desert Sands Indio
TAX INFORMATION
APN 622-082-020 Tax Area 018049
Alternate APN 622-082-020 Lot 4
% Improved 86%Water Tax Dist Coachella Vly Stormw
Legal Description UNIT 20 CM 023/032 INT IN COMM
ON LOTS 4,5 & 6 TR 11454 MB 097
/082
ASSESSMENT & TAX
Assessment Year 2023 2022 2021
Assessed Value - Total $504,900 $495,000 $257,326
Assessed Value - Land $71,400 $70,000 $90,063
Assessed Value - Improved $433,500 $425,000 $167,263
YOY Assessed Change ($)$9,900 $237,674
YOY Assessed Change (%)2%92.36%
Tax Year Total Tax Change ($)Change (%)
2021 $3,431
2022 $6,450 $3,019 88%
2023 $6,598 $148 2.3%
Special Assessment Tax Amount
Palm Desert Emg Srv $60.00
Coachella Valley Rec &Pk Ad93-$9.90
Cvwd Sewer Service Charge Id80 $345.48
Total Of Special Assessments $415.38
CHARACTERISTICS
County Land Use Condo Or PUD With Private Entr Heat Type Central
Universal Land Use Condominium Cooling Type Central
Building Sq Ft 1,670 Garage Type Attached Garage
Gross Area 2,174 Garage Sq Ft 504
Stories 1 Parking Type Attached Garage
Bedrooms Tax: 2 MLS: 3 Parking Spaces Tax: 3 MLS: 2
Total Baths 2 Roof Material Slate
MLS Total Baths 2 Year Built 1979
Property Details Courtesy of Kelli Haakenson, Compass, California Regional MLS Generated on: 02/14/24
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be
independently verified by the recipient of this report with the applicable county or municipality.
Page 1/3
Full Baths 2 Effective Year Built 1980
Fireplaces 1 Other Impvs Yes
Water Type Unknown # of Buildings 1
Sewer Type Unknown
SELL SCORE
Rating Very High Value As Of 2024-02-11 04:33:22
Sell Score 940
ESTIMATED VALUE
RealAVM™$587,600 Confidence Score 91
RealAVM™ Range $545,300 - $629,800 Forecast Standard Deviation 7
Value As Of 01/29/2024
(1) RealAVM™ is a CoreLogic® derived value and should not be used in lieu of an appraisal.
(2) The Confidence Score is a measure of the extent to which sales data, property information, and comparable sales support the property valuation analysis process. The confidence score range is 50 - 100. Clear and
consistent quality and quantity of data drive higher confidence scores while lower confidence scores indicate diversity in data, lower quality and quantity of data, and/or limited similarity of the subject property to
comparable sales.
(3) The FSD denotes confidence in an AVM estimate and uses a consistent scale and meaning to generate a standardized confidence metric. The FSD is a statistic that measures the likely range or dispersion an AVM
estimate will fall within, based on the consistency of the information available to the AVM at the time of estimation. The FSD can be used to create confidence that the true value has a statistical degree of certainty.
RENTAL TRENDS
Estimated Value 3607 Cap Rate 4%
Estimated Value High 5257 Forecast Standard Deviation (FSD)0.46
Estimated Value Low 1957
(1) Rental Trends is a CoreLogic® derived value and should be used for information purposes only.
(2) The FSD denotes confidence in an Rental Trends estimate and uses a consistent scale and meaning to generate a standardized confidence metric. The FSD is a statistic that measures the likely range or dispersion a
Rental Amount estimate will fall within, based on the consistency of the information available to the Rental Amount at the time of estimation. The FSD can be used to create confidence that the true value has a
statistical degree of certainty.
LISTING INFORMATION
MLS Listing Number CV21205049 Closing Date 12/09/2021
MLS Status Closed MLS Sale Price $495,000
MLS Area 699 - NOT DEFINED MLS Listing Agent Cv39624-Omar Alfaro
MLS Status Change Date 12/13/2021 MLS Listing Broker CORCORAN GLOBAL LIVING
MLS Current List Price $499,950 MLS Source CRM
MLS Original List Price $519,950
MLS Listing #539317 215035458da
MLS Status Closed Closed
MLS Listing Date 09/21/2021 11/19/2015
MLS Listing Price $499,950 $249,000
MLS Orig Listing Price $519,950 $339,000
MLS Close Date 12/09/2021 08/16/2016
MLS Listing Close Price $495,000 $240,000
MLS Source CRM
LAST MARKET SALE & SALES HISTORY
Recording Date 12/09/2021 Sale Type Full
Sale Date Tax: 11/15/2021 MLS: 12/09/2021 Deed Type Grant Deed
Sale Price $495,000 Owner Name Casa Monterey 239
Price Per Square Feet $296.41 Seller Barlow Dorothea A
Document Number 727610
Recording Date 08/03/2022 12/09/2021 08/16/2016 08/16/2016 12/02/1996
Sale Date 07/14/2022 11/15/2021 06/23/2016 06/23/2016
Sale Price $495,000 $240,000
Nominal Y Y Y
Buyer Name Casa Monterey 239 LL
C
The Kropfl K & C Liv Tr
ust
Barlow Dorothea A Schiller Gary J Chiller Gary John & Vic
ki Lilien
Seller Name Kropfl K & C Living Tru
st
Barlow Dorothea A Schiller Family Trust Maymon Maskit Schiller Frank H
Document Number 343714 727610 350522 350521 454366
Document Type Quit Claim Deed Grant Deed Grant Deed Interspousal Deed Tran
sfer
Gift Deed
Recording Date 07/21/1994 11/24/1993 12/30/1992
Sale Date
Property Details Courtesy of Kelli Haakenson, Compass, California Regional MLS Generated on: 02/14/24
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be
independently verified by the recipient of this report with the applicable county or municipality.
Page 2/3
Sale Price
Nominal Y Y
Buyer Name Schiller Gary John & Vicki Lilien Schiller Gary John & Vicki Lilien Schiller Gary John & Vicki Lilien
Seller Name Schiller Frank
Document Number 289265 469140 495189
Document Type Gift Deed Grant Deed Gift Deed
MORTGAGE HISTORY
Mortgage Date 12/09/2021 03/03/2020 08/16/2016 12/31/1991 12/16/1986
Mortgage Amount $396,000 $50,000 $228,000 $93,000 $110,000
Mortgage Lender 5th Street Cap Inc Point Digital Fin Inc Wells Fargo Bk Na
Mortgage Code Conventional Conventional Conventional Private Party Lender Private Party Lender
PROPERTY MAP
*Lot Dimensions are Estimated
Property Details Courtesy of Kelli Haakenson, Compass, California Regional MLS Generated on: 02/14/24
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be
independently verified by the recipient of this report with the applicable county or municipality.
Page 3/3
Slovak Baron Empey Murphy & Pinkney LLP
1800 E. Tahquitz Canyon Way
Palm Springs, CA 92262
Fed. I.D. #33-0833010
Carrie & Keith Kropfl
EMAIL INVOICES
carrie.kropfl@lifestylerentalproperties.com
May 3, 2024
(760) 322-2275 (760) 322-2107TelephoneFacsimile
Our file no:
Kropfl, Carrie & Keith
Professional services through:Invoice No.869844/30/2024
Professional Services:
Hrs/Rate Amount
4/4/2024 HAK 1.42 354.17
250.00/hr
Prepare Final letter and exhibit A including Appeal filing check; Scan
copies and prepare Personal Delivery package to Anthony Mejias, Palm
Desert City Clerk; Travel to City Clerk's office and personally serve
Anthony Mejias; Telephone call to Attorney Shaun M. Murphy regarding
person not in office to be personally served and his suggestion as to final
delivery of package.
HAK 1.42 354.17
250.00/hr
Prepare Final letter and exhibit A including Appeal filing check; Scan
copies and prepare Personal Delivery package to Anthony Mejias, Palm
Desert City Clerk; Travel to City Clerk's office and personally serve
Anthony Mejias; Telephone call to Attorney Shaun M. Murphy regarding
person not in office to be personally served and his suggestion as to final
delivery of package.
HAK 1.42 354.17
250.00/hr
Prepare Final letter and exhibit A including Appeal filing check; Scan
copies and prepare Personal Delivery package to Anthony Mejias, Palm
Desert City Clerk; Travel to City Clerk's office and personally serve
Anthony Mejias; Telephone call to Attorney Shaun M. Murphy regarding
person not in office to be personally served and his suggestion as to final
delivery of package.
HAK 1.42 354.17
250.00/hr
Prepare Final letter and exhibit A including Appeal filing check; Scan
copies and prepare Personal Delivery package to Anthony Mejias, Palm
Desert City Clerk; Travel to City Clerk's office and personally serve
Anthony Mejias; Telephone call to Attorney Shaun M. Murphy regarding
person not in office to be personally served and his suggestion as to final
delivery of package.
SMM 3.20 1,760.00
550.00/hr
Draft and revise notice of appeal to Palm Desert. Review file documents,
municipal code provisions and related matters.
Carrie & Keith Kropfl 2Page
Hrs/Rate Amount
4/24/2024 SMM 0.50 275.00
550.00/hr
Review email regarding San Clemente property. Review SC municipal
code, and local coastal program.
4/29/2024 SMM 0.60 330.00
550.00/hr
Conference with Carrie and Keith Kropfl regarding hearing before the
building department and city council.
SMM 0.60 330.00
550.00/hr
Conference with Carrie & Keith Kropfl to discuss the upcoming hearing,
strategy and related matters.
For Professional Services Rendered:$4,111.6810.58
Additional Charges :
4/4/2024 552.00Palm Desert City Clerk - Appeal Short Term Rental Decision
Total Additional Charges:$552.00
Total Amount of This Bill:$4,663.68
5/3/2024 Payment from account ($4,663.68)
Total Payments and Adjustments:($4,663.68)
Please replenish Client funds with:$4,663.68
BALANCE DUE - PLEASE SUBMIT PAYMENT:$4,663.68
INFORMATIONAL PURPOSES ONLY - Client Funds Transactions:
Previous balance of Trust Fund $0.00
4/2/2024 Payment to account from Carrie Kropfl $5,000.00
5/3/2024 Payment from account ($4,663.68)
New balance of Trust Fund $336.32
User Summary
Name Hours Rate Amount
Shaun M. Murphy 4.90 550.00 $2,695.00
Heidi A. Korzep 5.68 250.00 $1,416.68