Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California

Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California
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Showing posts with label fire appraisal. Show all posts
Showing posts with label fire appraisal. Show all posts

Monday, February 24, 2025

In Altadena Eaton fire zone today by Mary Cummins Real Estate Appraiser

Altadena, Eaton fire, los angeles, california, mary cummins, post fire appraisal, fire appraisal, real estate appraisal, disaster appraisal


Was in Altadena in the Eaton fire zone today. EPA has finished phase two of toxic material cleanup. That just means they picked up some propane tanks, paint containers. 99.99% of the debris is still there. Many street lights still out. There is no National Guard or police blocking any streets. Some streets closed due to work. I saw them cleaning out the creeks. Click any photo to see larger













Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin

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Sunday, February 23, 2025

Why You Need a Post Fire Real Estate Appraisal by Mary Cummins Real Estate Appraiser

Mary Cummins, post-fire appraisals, real estate appraiser, altadena, pacific palisades, eaton fire, palisades fire, los angeles, california, appraisal, pre-fire appraisal

The purpose of a post-fire real estate appraisal is to determine the exact pre and post-fire values of your property so you can make informed decisions. These values are needed for a variety of reasons. The reasons range from investment decisions, calculating an IRS casualty loss for your taxes, negotiating with your insurance adjuster, property tax appeal and evidence for a lawsuit. Below are just a few more reasons why you need a post-fire appraisal

  • Investment decisions to sell or rebuild
  • Pre listing market analysis
  • IRS casualty loss
  • Insurance settlement
  • Evidence for lawsuit
  • Property tax appeal
  • Short pay mortgage
  • Buy out family member

The process begins with a physical inspection of the property to determine fire damage, specific location in the neighborhood and the view from the site. Some properties may only have interior smoke/ash damage, exterior soot staining, damage from heat while others are totally destroyed. Some damage can be remediated while other properties must be completely rebuilt.

The next stage is the collection of all relevant data. Homes that have been completely destroyed will need forensic reconstruction to determine size, construction type and quality. This data includes pre-fire satellite map images, previous MLS listings, Building and Safety Department records, recorded building plans, old photos of structures and looking at the property footings. The appraiser also searches all public records and MLS databases for comparable land and homes which have sold or are/were active listings before and after the fires.

After all the data is collected the appraiser writes a full appraisal report with exhibits, photos, plans, permits with detailed research and analysis. The appraiser then determines the value based on the cost to replace the structure and/or remediate damages. The appraiser also determines what the property would have sold for the day before the fires and in it’s current condition after the fires. 

Order your post-fire appraisal today. The cost starts at $450 for average sized home but can be more for larger more complex properties. The process takes a week from time of inspection. We already have contractor permits to enter Pacific Palisades and Altadena fire zones as we've been doing these appraisals for the last month. Mary Cummins has been doing post-fire appraisals for over 20 years and has been a licensed certified insured appraiser for over 40 years in Los Angeles County, California. The appraisal should be ordered before the debris is removed.

#marycummins #realestateappraiser #realestateappraisal #prefireappraisal #postfireappraisal #eatonfire #palisadesfire #altadena #pacificpalisades #losangeles #california #fireappraisal #fireinspection #home #house #valuation #land 

*****

Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin

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Altadena home and land statistics, values, prices, ages, sizes by Mary Cummins real estate appraiser

altadena, california, home sales, home values, mary cummins, real estate appraiser, real estate appraisal, eaton fire, fire appraisal, post fire appraisal, valuation


Here are some housing statistics for Altadena, California. This is the result of an MLS search for all homes sales for 12 months from 01/06/2024 to 01/06/2025 in Altadena up to the day before the Eaton fire started. One reason why so many homes burned is the median age of the homes. Median age was 78. Median year built was 1947. In 2010 California passed mandatory building standards for all new homes in wildfire zones. Those regulations prevented some homes from being destroyed. Many say fire resistant retrofitting should be mandatory for new and existing homes in these areas. Others say it's too cost prohibitive to force people to change their roof, siding, windows, doors, fences... Those regulations would have saved lives and probably would have saved most of the homes.

There were 291 home sales in Altadena during the search period. Prices range from $300K to $5M. Median $1,350,000.  Average $1,466,000. Minimum size two beds, one bath. Maximum 7 beds, 9 baths. Average size 3 beds, 2.5 baths 1,887 sf $1.466M. Median 3 bed, 2 bath 1,645 sf $1.35M. There were only three land sales for about $750-780K. 

Based on 1004MC data sales and list prices were both decreasing in the previous 12 months. End of year is always the slow seasonal time when homes sell for less. Still, median sale and list prices were decreasing before the seasonal slow period. The increasing interest rates had a big effect in this area. It could also be that more recent sales were fixers. 

7-12 months, 4-6 months, 3 months to end of search time.
Median Comparable Sale Price 1,404,000 1,350,000 1,250,000
Median Comparable List Price (All) 1,300,000 1,299,000 0

Homes were selling over list price.
Median Sale Price / Median List Price % 113.26% 104.25% 104.17%

Currently burned destroyed single family homes, land are listed post fire for $350K to $750K. This is at least 40-50% below median pre-fire land value and less than half of pre-fire home value. Anyone who buys the land still has to clear and test it. New homes must be built to current code. It will take months to clear the land before any construction can begin. Obviously land values vary by size, location, view, shape... These are not cookie cutter lots. There are some pending $479K to $750K median $572K. The destroyed land value properties are listed in land and home sales so search both at once.

Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin

DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

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Sunday, February 16, 2025

Get Wildfire Prepared Home Certified to Reduce Fire Insurance by Mary Cummins Real Estate Appraiser

wildfire resistant, fire proof, wildfire proof, mary cummins, real estate appraiser, real estate appraisal, fire inspection, fire appraisal, los angeles, california

Mercury Insurance offers reduced price fire insurance if your home is "wildfire prepared certified." This article shows you how to make your home fire resistant to get the designation certification. It consists of an easy to read shortish list. These are all the common sense things I've talked about over the last 20 years. They are the exact items I look for when doing insurance company wildfire inspections. They offer two levels of certification, base and plus.

If you just want to make your home fire resistant and don't need the certification, just follow the listed suggestions. If you want someone to inspect your property in Southern California and give you a specific action plan for your specific property, email, text or call me and I can do that for you.  Below is an image of my contact information. Sorry it's not text but I get so much spam. $300 for a full inspection with action plan.

#FireResistant #wildfirepreparedhome #wildfirepreparedness #marycummins #realestateappraiser #fireinspection #fireappraisal #losangeles #california

https://wildfireprepared.org/wildfire-prepared-home-overview/

Here is the checklist

https://wildfireprepared.org/wp-content/uploads/WPH-How-To-Prepare-My-Home-Checklist.pdf


Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin

DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

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