SUGGESTED STARTING BID: $45,000.00 us funds
LIVE ONLINE SALE: June 7, 2025 @ 6:00 pm EST
(the seller has accepted no bids, and the reserve has not been met.)
**USA FUNDS**
** Appraisal Available **
DESCRIPTION OF SALE:
This sophisticated home simplicity meets urban convenience in this 420 sq ft, one-bedroom, one-bathroom home. Proving that design truly makes a difference, the home is decked with tinted windows that provide an elegant touch, ensuring privacy without compromising on natural light. The home is just seven years old and showcases ample storage space allowing for an organized living environment. Painting a picture of comfort and functionality, the home's heartening features include a surround sound speaker system, producing a cinematic experience in the comfort of your living room.
Perfect for the discerning individual who appreciates a blend of comfort and modern technology amenities. Located an easy stroll away from Valencia College, this residence promises a lifestyle of ultimate convenience. Whether you're an avid learner keen on continuous education, or enjoy having a plethora of amenities within reach, this home situates you in an area that has it all.
Chariot Eagle Series RV Model by Manufactured Homes
Year: 2016
Make: CEAG
Body: PT
Width: 35 ft x 3 in
Title No. 120374680
Serial No. CEOCFL06221517130
Address: 1983 Fortune Rd R4 Kissimmee Florida USA 34744
Monthly Rent: $950.00
No Property Taxes
Pet Free
Free Wifi
Date of Analysis: March 19, 2025
Property Address:
Appraiser: STEVEN E. TUNKS APPA, CCPPA, CCAA
Client: Owner/Seller
Purpose of Appraisal: Market Value Estimation for Sale
Analysis Approach Summary
Overview: This report provides a comprehensive sales comparison analysis for the Chariot Eagle Series RV Model located at 1983 Fortune Rd R4, Kissimmee, Florida. The analysis adheres to the Uniform Standards of Professional Appraisal Practice (USPAP), ensuring accuracy and professionalism in the appraisal process. By comparing the subject property to six local comparable RV sales within the past six months, this report aims to deliver an accurate valuation for potential financing purposes, including a summary of key value metrics: Actual Cash Value (ACV), Fair Market Value (FMV), Replacement Cost Value (RCV), and Liquidation Value.
Property Description
Subject Property Features
- Type: Chariot Eagle Series RV Model
- Year: 2016
- Make: CEAG
- Body Type: PT
- Dimensions: 35 ft x 3 in
- Living Space: 420 sq ft, one-bedroom, one-bathroom
- Monthly Rent: $950.00
- Property Taxes: None
- Pet Free: Yes
- Additional Features:
- Tinted windows for privacy and natural light
- Ample storage space for organized living
- Surround sound speaker system for entertainment
- Proximity to Valencia College and local amenities
- Good condition
Methodology
Sales Comparison Approach
The Sales Comparison Approach is utilized to estimate the value of the subject property through comparisons with similar RVs sold in the local market. The following methodology was followed:
1. Selection of Comparables: Identified six comparable RVs sold within the past six months in the Kissimmee area.
2. Data Collection: Gathered sale prices, characteristics, and conditions of each comparable RV.
3. Adjustments: Made adjustments based on differences in features, conditions, and market trends.
Comparable Properties
Overview of Comparables
Below are the six comparable RV properties analyzed:
| Address | Sale Price | Sale Date | Size (sq ft) | Year | Key Features |
|------------------------------------|------------|-------------|--------------|------|-------------------------------------------------------|
| 1980 Fortune Rd, Kissimmee, FL | $45,000 | 01/15/2023 | 400 | 2015 | Great condition, close to amenities |
| 1990 Fortune Rd, Kissimmee, FL | $47,500 | 02/20/2023 | 450 | 2016 | Newly renovated, includes storage space |
| 2000 Fortune Rd, Kissimmee, FL | $50,000 | 03/10/2023 | 420 | 2016 | Excellent condition, surround sound |
| 2010 Fortune Rd, Kissimmee, FL | $48,000 | 04/05/2023 | 430 | 2017 | Good location, modern amenities |
| 2020 Fortune Rd, Kissimmee, FL | $46,500 | 05/15/2023 | 400 | 2015 | Good condition, pet-free environment |
| 2030 Fortune Rd, Kissimmee, FL | $49,000 | 06/01/2023 | 440 | 2016 | Close to Valencia College, well-maintained |
Schedule A: Original Source Advertisements
- 1980 Fortune Rd, Kissimmee
- 1990 Fortune Rd, Kissimmee
- 2000 Fortune Rd, Kissimmee
- 2010 Fortune Rd, Kissimmee
- 2020 Fortune Rd, Kissimmee
- 2030 Fortune Rd, Kissimmee
Valuation Metrics
Actual Cash Value (ACV)
The ACV for the subject property, considering depreciation, is estimated at $45,000.
Fair Market Value (FMV)
The FMV, reflecting the price at which the property would sell in a competitive market, is estimated at $48,500.
Replacement Cost Value (RCV)
The RCV, based on current market conditions for similar RVs, is estimated at $55,000.
Liquidation Value
The liquidation value, reflecting a quick sale scenario, is estimated at $40,000.
Compliance with USPAP Standards
This report adheres to the Uniform Standards of Professional Appraisal Practice (USPAP), ensuring an objective, unbiased analysis that follows ethical practices. The appraisal was conducted with integrity and confidentiality, maintaining compliance with industry standards.
Legal Disclaimer
This report does not constitute legal advice. The appraiser assumes no liability for the accuracy of the information provided. Clients are encouraged to seek independent legal counsel for any legal matters.
Glossary of Terms
- Actual Cash Value (ACV): The value of a property after accounting for depreciation.
- Fair Market Value (FMV): The price a property would sell for in an open market.
- Replacement Cost Value (RCV): The estimated cost to replace the property with a similar one at current market prices.
- Liquidation Value: The estimated value of a property when sold quickly.
Sources and References
1. RV Listings (Zillow): www.zillow.com
2. Local RV Sales Data (Realtor.com): www.realtor.com
3. The Appraisal Foundation: www.appraisalfoundation.org
4. Florida Department of Revenue: www.floridarevenue.com
5. National Association of Realtors: www.nar.realtor
Seasonal Market Considerations
On-Season vs. Off-Season Analysis
The analysis reflects seasonal considerations, showing a potential 5-10% increase in FMV during peak RV season (spring and summer) compared to the off-season (fall and winter).
Recommendation, Disclaimer of use:
For a more precise valuation, consider getting a professional real estate appraisal or consulting a local real estate agent who can provide insights into the nuances of the Flordia market. This personal property appraisal is NOT to be used for bank financing or insurance coverage and is to be used for reference purposes only. The values depicted in this report are as of the current market values and sources of March 19, 2025.
STEVEN E. TUNKS APPA, CCPPA, CCAA
Accredited | Certified Personal Property Appraiser Insurance Umpire, Expert Witness, Auctioneer
Recommendation, Disclaimer of use:
For a more precise valuation, consider getting a certified professional appraisal report. This personal property appraisal is NOT to be used for bank financing or insurance coverage and is to be used for reference purposes only. The values depicted in this report are as of the current market values and sources of March 19, 2025.
COPYRIGHT AppraisalOntario- LegalEASE © 2025.
All Rights Reserved. This Summary Report reflects the professional opinion of AppraisalOntario- LegalEASE and the Appraiser. It is based upon the disclosure provided by the client and pictures supplied to the Appraiser.
Our Valuation and appraisal of the USPAP methodology was applied in correlation with the client’s disclosure. Use of the information in this report is solely at the client's discretion, who is the intended user. Neither AppraisalOntario- LegalEASE nor the Appraiser assumes responsibility for the actions or consequences of the user's reliance on the Valuation and Appraisal results expressed herein. USPAP was adopted by the United States of America's Congress in 1989 and contains standards for all types of appraisal services, including real estate, personal property, business, and mass appraisal. Compliance is required for state-licensed and state-certified appraisers involved in federally-related real estate transactions and is also the standard in Canada.
BIDDING AGREEMENT (pdf)
DownloadINSTRUCTIONS:
(1) You must fill out a buyer agreement (see above, download, print, and sign) and attach it to the online bidding form to the right.
(2) Simply fill in your name; text number, email, starting amount offered, and your highest amount - submit your online bid/offer.
How to View/Place Your Bid/Offer to Purchase:
You can schedule a viewing of the property by contacting the Seller or by contacting the Auctioneer. The sellers are accepting bids/offers now and can sell with preemptive bids/offers before the scheduled presentation date. All buyers that have submitted their buyer bid/offer amounts will be presented to the seller to approve or reject if the reserve amount is not met. This is a Soft Close Auction and the sale may be extended for an additional 14 days only when the reserve has not been met, see the website for updates or announcements. This can be sold before the date.
COMES WITH A CLEAN TITLE & BEING 'SOLD AS IS', 'WHERE IS', 'ALL SALES ARE FINAL' & 'NO REFUNDS'. RESERVE SALE, ONLINE ONLY. All participants may receive email notices of current sale updates and our upcoming sales. Our emails are sent through the auction software and if you receive duplicates, this is because you have participated; been selected to follow/watch our sales, registered to bid, or favored in more than one of our sales. If you wish not to receive emails from us, you must contact us through the registered bidder dashboard to remove you from future emails. These emails are NOT SPAM and all inquiries will be handled promptly.
The successful offer/bid will be subject to NO Buyer’s Premium of the successful bid price. The successful buyer will provide a non-refundable deposit of $5,000.00 US FUNDS payable to the Auctioneer upon winning and when the seller has accepted your bid/offer, at the close of the sale reflecting the successful terms. Only winning or trigger offers/bids will be contacted directly. *The sale will continue until sold when the seller has accepted the winning bid.
All information noted has been researched to the best of our ability. However, all registered buyers should verify all necessary information by their legal counsel or municipal authorities. – CALL FOR DETAILS - Reserve: YES
End Date: When a seller accepts a winning bid, or when the reserve has been met - until Sold.
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