| Valles de Patillas, Patillas |
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Valles de Patillas, Patillas MCC Developers Corp. Santander Mortgage / HF Mortgage Bankers INFORMATION AS OF 11/27/2004 PROPOSED SUBDIVISION COMPRISING 412 ONE STORY SINGLE FAMILY DETACHED RESIDENTIAL UNITS. LOCATED NORTH FROM SR# 3 AND SOUTH FROM MAIN ENTRANCE SR# 799, KM 0.6, PATILLAS MUNICIPALITY. THERE ARE NO APPARENT ADVERSE FACTORS WHICH COULD AFFECT THE SUBJECT'S MARKETABILITY. THE PROJECT CONFORMS TO THE SURROUNDING DEVELOPMENTS. SUBJECT PROPERTY IS AT A REASONABLE DISTANCE FROM ALL NECESSARY SUPPORTING FACILITIES INCLUDING SCHOOLS, SHOPPING, RECREATION, AND EMPLOYMENT CENTERS. OWNER OCCUPANCY IS PREDOMINANT. A RADIO STATION TRANSMISSION TOWER IS VISIBLE AT SUJECT PROPERTY LIMIT. NO DWELLING OR RELATED PROPERTY IMPROVEMENT MAY BE LOCATED WITHIN THE ENGINEERING (DESIGNED) FALL DISTANCE OF ANY POLE, TOWER OR SUPPORT STRUCTURE OF A HIGH-VOLTAGE TRANSMISSION LINE, RADIO/TV TRANSMISSION TOWER, MICROWAVE RELAY DISH OR TOWER OR SATELLITE DISH (RADIO, TV CABLE, ETC). THE PROJECT ENGINEER MUST CERTIFY WHICH PROPERTIES, IF ANY, ARE AFFECTED BY THIS CONDITION, AND AS SUCH, THESE PROPERTIES WILL NOT BE ELIGIBLE FOR HUD PROPERTY INSURANCE. SOME UNITS OF THE PROPOSED SUBDIVISION ARE LOCATED IN A FEMA SPECIAL FLOOD HAZARD AREA DESIGNATED ZONE A AS PER NIP MAP 720000 0244D REVISED ON 05/18/92. THESE PROPERTIES ARE NOT ELIGIBLE FOR HUD LONG TERM INSURANCE UNLESS A LOMR/LOMA IS ISSUED. THIS APPRAISAL REPORT IS CONTINGENT TO A LETTER OF MAP REVISION (LOMR) OR A LETTER OF MAP AMENDMENT (LOMA) OF THE COMMUNITY MAP. OMAR MONTALVO, CRA, MBA |
