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Appraisal Fees
You will find the fees that we charge are very competitive for the menu of services that we offer. Choose from the menu below to best suit your needs or call us at (630) 636-6862 for a FREE phone consultation.
Note: Posted fees are for single orders. New client? Call (630) 636-6862 for volume pricing.
Note that according to the Real Estate Appraiser Licensing Act 225 IL CS457l, it is illegal in the State of Illinois to base the appraisal fee charged for an assignment on a predetermined estimate of value.
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Conventional Appraisals: |
| Summary Appraisals: |
Fees: |
| URAR Form 1004 (03/05) WITH the Cost Approach |
$325 |
| URAR Form 1004 (03/05) WITHOUT the Cost Approach |
$300 |
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Exterior Only Residential Form 2055 WITH the Cost Approach |
$250 |
| Exterior Only Residential Form 2055 WITHOUT the Cost Approach |
$225 |
| Condominium Form 1073 (03/05) |
$325 |
| Exterior Only Condominium Form 1075 (03/05) |
$225 |
| Land Appraisal Report |
$300 |
| Multi-Family Appraisals: |
Fees: |
| Small Income Form 1025 (03/05) WITH the Cost Approach - 2 unit |
$500 |
| Small Income Form 1025 (03/05) WITH the Cost Approach - 3 unit |
$525 |
| Small Income Form 1025 (03/05) WITH the Cost Approach - 4 unit |
$550 |
| Small Income Form 1025 (03/05) WITHOUT Cost Approach - 2 unit |
$475 |
| Small Income Form 1025 (03/05) WITHOUT Cost Approach - 3 unit |
$500 |
| Small Income Form 1025 (03/05) WITHOUT Cost Approach - 4 unit |
$525 |
| FHA Appraisals: |
Fees: |
| URAR Form 1004 (03/05) |
$375 |
| Condominium Form 1073 (03/05) |
$375 |
| Small Income Form 1025 (03/05) 2 Unit |
$475 |
| Small Income Form 1025 (03/05) 3 Unit |
$500 |
| Small Income Form 1025 (03/05) 4 Unit |
$525 |
| FHA Compliance Inspection |
$100 |
| VA Appraisals: |
Fees: |
| URAR Form 1004 (03/05) |
$300 |
| Condominium Form 1073 (03/05) |
$350 |
| Small Income Form 1025 (03/05) 2 Unit |
$340 |
| Small Income Form 1025 (03/05) 3 Unit |
$380 |
| Small Income Form 1025 (03/05) 4 Unit |
$420 |
| VA Compliance Inspection |
$65 |
| Relocation Appraisals: |
Fee: |
| ERC Summary Appraisal Report |
$450 |
| REO Appraisals: |
Fee: |
| Single Family URAR Form 1004 with Supplemental REO Addendum |
$425 |
| Auxiliary Forms |
Fees: |
| Form 1007 Single Family Comparable Rent Schedule |
$75 |
| Form 216 Operating Income Statement |
$75 |
| Appraisal Update Report Form 1004D |
$150 |
| Appraisal Completion Report Form 1004D |
$100 |
New construction and homes over 3,500 sq.ft. may be slightly higher.
The Uniform Residential Appraisal Report (a.k.a. URAR, Fannie Mae Form 1004 / Freddie Mac Form 70) (dated: 03/05) consists of a six page description and valuation analysis of the subject property. NOTE: Square footage is the area counted above grade. Basements/Lower Levels are counted separately. Exhibits include a Sketch Page, which is a perimeter sketch of each floor of the living structure. Photo Addendums contain pictures of the subject and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used. A Flood Map is included when necessary to show the location of the subject within a flood plain. For FHA appraisals, the Repairs, Alterations, Required Inspections Addendum is included if necessary. For VA appraisals, a VA Minimum Property Requirements (MPRs) Repair Addendum will be included if necessary. For REO appraisals, a Supplemental Real Estate Owned Appraisal Addendum will be included, as well as interior photos.
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The Individual Condominium Appraisal Report (Fannie Mae Form 1073 / Freddie Mac Form 465) (dated: 03/05) consists of a six page description and valuation analysis of the subject property. Exhibits include a Sketch Page, which is a perimeter sketch of each floor of the living structure. Photo Addendums contain pictures of the subject and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used. A Flood Map is included when necessary to show the location of the subject within a flood plain. For FHA appraisals, the Repairs, Alterations, Required Inspections Addendum is included if necessary. For VA appraisals, a VA Minimum Property Requirements (MPRs) Repair Addendum will be included if necessary.
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The Land Appraisal Report consists of a one page description and valuation analysis of the subject property. Also included is Fannie Mae Form 1004-B: Statement of Limiting Conditions and Appraiser's Certification. This is a standard certification page that is required for residential form reports. Exhibits include Photo Addendums, which contain pictures of the subject and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used. A Flood Map is included when necessary to show the location of the subject within a flood plain.
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The Small Residential Income Property Appraisal Report (Fannie Mae Form 1025 / Freddie Mac Form 72) (dated: 03/05) consists of a seven page description and valuation analysis of the subject property. Exhibits include a Sketch Page, which is a perimeter sketch of each floor of the living structure. Photo Addendums contain pictures of the subject and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used. A Flood Map is included when necessary to show the location of the subject within a flood plain. For conventional appraisals, the Form 216 Operating Income Statement is included at no additional charge. For FHA appraisals, the Repairs, Alterations, Required Inspections Addendum is included if necessary. For VA appraisals, a VA Minimum Property Requirements (MPRs) Repair Addendum will be included if necessary.
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The Exterior Only Residential Appraisal Report (Fannie Mae & Freddie Mac Form 2055) and the Exterior Only Individual Condominium Unit Appraisal Report (Fannie Mae Form 1075 / Freddie Mac Form 466) (dated: 03/05) consists of a six page description and valuation analysis of the subject property. (Exterior appraisals will not contain a Sketch Page.) Photo Addendums contain pictures of the subject and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used.
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The ERC Summary Appraisal Report (Employee Relocation Council ERC Form Rev. 01/01) consists of a six page description and valuation analysis of the subject property. Exhibits include a Sketch Page, which is a perimeter sketch with exterior dimemsions of each floor of the living structure. Photo Addendums contain interior pictures of the main rooms of the subject, as well as exterior pictures of the subject property, competitive listings and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used.
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