Letter
Cover
AVM
10/25/2024
Laura Sanford RE: Loan No. 8054828093
118 North Carolina Ave Property Address:
Wilmington, NC 28401 118 North Carolina Ave
Wilmington, NC 28401
Dear Member(s):
Enclosed is a copy of the property valuation for the above-referenced loan application. If you have any questions
regarding the loan application, please call me at (833) 987-4663. You may also email me at john_barker@navyfederal.org.
Sincerely,
John Barker
Processor, 2634078
Enclosures:
Copy of the property valuation
Federally insured by NCUA.
© 2020 Navy Federal NFCU 40165- MO-APP (9-20) PO Box 3000 Merrifield VA 22119-3000
AVM Cover Letter -NFC 8054828093
Processed Friday, October 18, 2024
Vector Report ID: 1729277318851206 Reference ID 1: 8054828093 Reference Id 1: LN#8054828093
User Submitted Values
Street Address: 118 NORTH CAROLINA AVE
City, State, Zip: WILMINGTON , NC 28401
Estimated Value: $0
Borrower Name: Laura Sanford
Cascade Name: GeoAVM Enterprise
AVM Results
Confidence
AVM Value Range Score FSD Results
1. THVˣ for Risk Management $369,324 $343,238 - $395,410 92 7 Valuation Successful
Valuation Results
1. THVˣ for Risk Management Valuation Successful
RESIDENTIAL AVM REPORT
Value Date: 10/07/24 Generated 10/18/24
Model Version 1.0.0
118 N CAROLINA AVE
WILMINGTON, NC 28401 NEW HANOVER APN R05912-003-003-000 CLIP 8374816170
County
Owner(s): SANFORD LAURA A
ESTIMATED MARKET VALUE
$369,324
Low High
$343,238 $395,410
Confidence Score 92 FSD 7
SUBJECT PROPERTY DETAILS
LIVING AREA BEDROOMS BATHROOMS YEAR BUILT LOT SIZE
1,305 3 2 1940 11291
Land Use: SFR Parking: 0 A/C: Yes
Owner Occupied: Yes # of Stories: 1 Pool: Yes
Total Rooms: 0 Census Tract: Fireplace:
COMPARABLES SNAPSHOT
Distance Address Sale Price* Sale Date*
.17 1937 HARRISON ST, WILMINGTON, NC 28401 $375,000 10/30/2023
.39 145 CENTRAL BLVD, WILMINGTON, NC 28401 $357,500 06/17/2024
.28 2023 HARRISON ST, WILMINGTON, NC 28401 $359,000 09/26/2024
.22 221 NORTHERN BLVD, WILMINGTON, NC 28401 $399,000 01/08/2023
* Last known PUBLIC record sale date and sale price (See Glossary for further detail)
TAX INFORMATION
Assessed Year: 2023
Assessed Value: $239,200
Land Value: $54,600
Improved Value: $184,600
AERIAL MAPS
2/8
118 N CAROLINA AVE, WILMINGTON, NC 28401
Generated 10/18/24 11:48 AM
COMPARABLES
Address Sale Date* Beds Living Area Built
& Distance Sale Price* Baths Lot Size
1 1937 HARRISON ST 10/30/2023 3 1,446 1964
WILMINGTON, NC 28401 0.17 $375,000 2 9,291
2 145 CENTRAL BLVD 06/17/2024 3 1,267 1945
WILMINGTON, NC 28401 0.39 $357,500 3 7,797
3 2023 HARRISON ST 09/26/2024 2 1,018 1943
WILMINGTON, NC 28401 0.28 $359,000 1 7,876
4 221 NORTHERN BLVD 01/08/2023 3 1,660 1941
WILMINGTON, NC 28401 0.22 $399,000 2 8,803
5 2034 JACKSON ST 05/16/2024 3 1,118 2001
WILMINGTON, NC 28401 0.31 $345,000 2 7,762
6 109 N CAROLINA AVE 03/19/2024 2 1,456 2019
WILMINGTON, NC 28401 0.06 $395,000 2 7,440
* Last known PUBLIC record sale date and sale price (See Glossary for further detail)
3/8
118 N CAROLINA AVE, WILMINGTON, NC 28401
Generated 10/18/24 11:48 AM
NEARBY ESTIMATED VALUES
Address Current THVˣ Beds Living Area Built
& Distance Estimated Value Baths Lot Size
1 1937 HARRISON ST 3 1,446 1964
WILMINGTON, NC 28401 0.17
$378,600 2 9,291
2 2042 JACKSON ST 3 1,341 1942
WILMINGTON, NC 28401 0.32
$344,800 1 7,362
3 145 CENTRAL BLVD 3 1,267 1945
$347,500
WILMINGTON, NC 28401 0.39 3 7,797
4 2023 HARRISON ST 2 1,018 1943
WILMINGTON, NC 28401 0.28
$350,700 1 7,876
5 2066 W LAKE SHORE DR 3 1,250 1944
WILMINGTON, NC 28401 0.70
$338,600 2 9,670
6 109 SUNSET AVE 2 870 1940
WILMINGTON, NC 28401 0.03
$330,300 1 7,584
7 221 NORTHERN BLVD 3 1,660 1941
WILMINGTON, NC 28401 0.22
$394,600 2 8,803
8 2048 HARRISON ST 3 1,224 1943
WILMINGTON, NC 28401 0.35
$370,000 1 7,449
9 2034 JACKSON ST 3 1,118 2001
WILMINGTON, NC 28401 0.31
$341,000 2 7,762
10 109 N CAROLINA AVE 2 1,456 2019
WILMINGTON, NC 28401 0.06
$389,700 2 7,440
4/8
118 N CAROLINA AVE, WILMINGTON, NC 28401
Generated 10/18/24 11:48 AM
SUBJECT PROPERTY SALES HISTORY
Sale Date Sale Recording Date Sale Price Buyer Seller
09/20/2021 09/20/2021 $300,000 SANFORD LAURA A IZQUIERDO
ZENAIDA
05/28/2020 06/02/2020 $250,000 IZQUIERDO ZENAIDA SMITH WILLIAM
H JR & KAREN S
06/21/2019 06/21/2019 $72,500 SMITH WILLIAM H JR PORT CITY
CAPITAL LLC
01/00/1985 $13,500 LADNER CORA M OWNER
RECORD
5/8
118 N CAROLINA AVE, WILMINGTON, NC 28401
Generated 10/18/24 11:48 AM
NEARBY LISTINGS
Address Listing Date Beds Living Area Built
& Distance Listing Price Baths Lot Size & Status
1 109 SUNSET AVE 08/30/2024 2 907 1940
WILMINGTON, NC 28401 0.03 $339,000 1 7,579 Active
2 1944 MONROE ST 07/25/2024 2 786 1980
WILMINGTON, NC 28401 0.18 $269,000 1 7,928 Active
3 1850 WASHINGTON ST 09/04/2024 3 1,078 2002
WILMINGTON, NC 28401 0.23 $310,000 2 8,930 Pending Sale
4 2038 JACKSON ST 10/04/2024 3 0 1946
WILMINGTON, NC 28401 0.31 $1,600 1 0 Active
5 2042 JACKSON ST 10/09/2024 3 1,203 1942
WILMINGTON, NC 28401 0.32 $2,600 2 7,362 Active
6 509 WOODLAWN AVE 08/27/2024 3 1,400 1944
WILMINGTON, NC 28401 0.45 $329,900 2 10,019 Active
7 108 CENTRAL BLVD 09/27/2024 4 1,223 1935
WILMINGTON, NC 28401 0.46 $259,000 2 7,667 Pending Sale
8 714 WOODLAWN AVE 06/03/2024 5 2,493 1944
WILMINGTON, NC 28401 0.55 $445,000 2 9,148 Pending Sale
9 522 MORNINGSIDE DR 09/27/2024 2 771 1944
WILMINGTON, NC 28401 0.56 $244,900 1 8,538 Pending Sale
6/8
118 N CAROLINA AVE, WILMINGTON, NC 28401
Generated 10/18/24 11:48 AM
GLOSSARY
DATA SOURCES
Our AVM products draw from the most current, complete and relevant data collection available.
CoreLogic's market specific data covers 98 percent of all U.S. ZIP codes and 3,085 counties in
all 50 states and the District of Columbia, representing 99 percent of the U.S. population, 97
percent of all properties (145 million), more than 50 million active mortgages, and 96 percent of
loan level non-agency mortgage securities. In addition to the public record data, our models
also have data detailing which properties are currently for sale, the characteristics of the
property, and current asking price for the property. We have many suppliers of the home listing
information, the identities of which are proprietary.
APN Sale Date and Sale Price
County Assessor Parcel Identifier The Sales Date and Sales Price displayed is the last
known publicly available record. Importantly, the
CLIP
model itself utilizes secondary source data, such as
CoreLogic Unique identification number assigned
market listings and appraisals, that may have more
to each property.
current dates and values. These secondary source
Confidence Score dates and values cannot be displayed due to
The probability (x100) that the Absolute Percentage licensing restrictions.
Error is within 10%. Range is 0 - 100. The higher the
number, the higher the confidence in accuracy.
FSD
The FSD (Forecast Standard Deviation) score
Comparables denotes confidence in an AVM estimate and uses a
Up to 10 Comparable home sales utilized by our consistent scale and meaning to generate a
model in estimating market value of subject standardized confidence metric. The FSD is a
property displayed in rank order. statistic that measures the likely range or
dispersion an AVM estimate will fall within, based
Comparables Snapshot
on the consistency of the information available to
Up to 4 Comparable home sales utilized by our
the AVM at the time of estimation. The FSD can be
model in estimating market value of subject
used to create confidence that the true value has a
property displayed in rank order.
statistical degree of certainty. The lower the FSD,
Estimated Market Value the higher the confidence in accuracy.
Estimated Market Value of the subject property
where buyers and sellers are each acting on their
Land Use
Our model values residential land use only that
own best interests.
includes buy may not be limited to Single Family
Estimated Market Value High Residence (SFR), Condo, Coop, and PUD.
AVM High Value is the highest likely property value
estimate if the property is in better condition than
Model Version
Numerical representation of model used for
the average condition for the neighborhood, and the
estimated value output where first number
buyers and sellers are each acting in their own best
represents major or substantial model update,
interests.
second number represents minor update to
Estimated Market Value Low previous major version, and last number
AVM Low Value is the lowest likely property value represented update to previous minor version.
estimate if the property is in worse condition than
the average condition for the neighborhood, and
Subject Property Sales History
Sales dates and price history for subject property
buyers and sellers are each acting in their own best
from public record data.
interests.
NOTICES
NOTICES TO CORELOGIC CUSTOMERS:
This AVM report is not an appraisal of the subject property and does not include a physical or visual inspection of the
property or an analysis of current market conditions by a licensed or certified appraiser, which is typically included in
an appraisal.
TO CONSUMERS AND OTHER RECIPIENTS:
This AVM report is intended for use by the ordering party only and no other party receiving a copy of this report,
including the homeowner or any potential or actual home purchaser, may rely on any of the information contained in
this report. CoreLogic shall have no liability to any non-customer party receiving a copy of this report for any claims
related to any information included in the report. If you are a third-party recipient of this report and have any
questions about it or the information contained in it, please contact the party that ordered the report. Consumers who
receive this AVM report in conjunction with mortgage loan application should contact their lender with any questions.
For more information on AVM reports, including explanations of terms, please visit
https://www.corelogic.com/solutions/avm-consumer-assistance.
REPORT DISCLAIMER
Reports and any other Services provided (collectively “Reports”) have been produced solely for the ordering
Customer’s benefit and use in accordance with and subject to the online CoreLogic Store Service Terms
and Conditions located at https://store.corelogic.com/terms-and-conditions, including but not limited to all
restrictions and disclaimers therein.
CUSTOMER ACKNOWLEDGES THAT REPORTS (I) DO NOT SERVE AS A REPRESENTATION AS TO THE
CONDITION OF TITLE TO REAL PROPERTY AND (II) MAY NOT INCLUDE ALL RECORDED CONVEYANCES,
INSTRUMENTS OR DOCUMENTS WHICH IMPART CONSTRUCTIVE NOTICE WITH RESPECT TO ANY CHAIN
OF TITLE DESCRIBED IN THE REPORTS.
Comparables Map
Subject Comparable
Comparable Properties
THVˣ
Address Risk
1. 1937 HARRISON ST
2. 145 CENTRAL BLVD
3. 2023 HARRISON ST
4. 221 NORTHERN BLVD
5. 2034 JACKSON ST
6. 109 CAROLINA AVE
Order # [ 1151624.1 ]
PROPERTY CONDITION REPORT Loan # [ 8054828093 ]
Front View Street View
PROPERTY ADDRESS
118 NORTH CAROLINA AVE
Wilmington, NC 28401
New Hanover County
iPCR
Characteristics/Inspection Borrower Information / Client Information
Overall Condition C3 Gated Community No Borrower 1 Laura Sanford
Occupancy Occupied Landscaping Typical Borrower 2
Property is Currently Listed No Property Maintenance Adequate Client Navy Federal Credit Union
Property Type Single Family (Detached) Property Secure Yes Client Reference 1
Property Style Ranch Garage/Carport # Stalls None None Client Reference 2
View Residential 2nd Garage/Carport # Stalls None None Client Reference 3
Overall Quality Q3 Porch Patio Deck Yes No No
Location Suburban Home Size Appears Typical
Pool No Conforms to Neighborhood Yes
Neighborhood/Market Commentary
Wilmington is a port city in New Hanover County, in southeastern North Carolina; it is also the county seat. 230-plus-block National Register Historic District
Subject Condition Neighborhood Condition
Condition of Subject Below Average No Windows Missing or Broken No Apparent Vacant Homes on Street No Nearby Commercial Property No
New Construction on Site No Doors Missing or Damaged No Boarded up Homes on Street No Located Under Flight Path No
Repairs Recommended No Siding Missing or Damaged No Nearby Powerlines No Near Waste Management Facility No
Roof Missing or Damaged No Obvious Structural Damage No Nearby Railroad Yes Nearby Signs of Vandalism No
Visible Fire Damage No Estimated Repair Cost 0 Nearby Highway No Visible damage water/flood No
Additional Commentary
Inspector
Company Dawn Elizabeth Lindsay
Phone 910-553-1985
Name Dawn Lindsay
Inspection Date 10/24/2024
Class Valuation 2600 Bellingham Dr, #100 Troy, MI 48083 248.955.9580 www.classvaluation.com iPCR (2022)
PROPERTY CONDITION REPORT
Order # [ 1151624.1 ]
Loan # [ 8054828093 ]
SUBJECT NEIGHBORHOOD AERIAL MAP
SUBJECT NEIGHBORHOOD LOCATION MAP
Class Valuation 2600 Bellingham Dr, #100 Troy, MI 48083 248.955.9580 www.classvaluation.com iPCR (2022)
PROPERTY CONDITION REPORT Order # [ 1151624.1 ]
Loan # [ 8054828093 ]
SUBJECT PHOTOGRAPHS
Front View Address Verification
Front Left View Front Right View
Street Up View Street Down View
Class Valuation 2600 Bellingham Dr, #100 Troy, MI 48083 248.955.9580 www.classvaluation.com iPCR (2022)
PROPERTY CONDITION REPORT Order # [ 1151624.1 ]
Loan # [ 8054828093 ]
SUBJECT PHOTOGRAPHS
Street Sign
Class Valuation 2600 Bellingham Dr, #100 Troy, MI 48083 248.955.9580 www.classvaluation.com iPCR (2022)
Order # [ ]
PROPERTY CONDITION REPORT Loan # [ ]
Condition Ratings
C1 Condition Rating: New Construction: The improvements have been very recently constructed and have not previously been occupied. The entire structure and all components are new and the dwelling features no physical
depreciation.
C2 Condition Rating: No Deferred Maintenance: 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 either are almost new or have been
recently completely renovated and are similar in condition to new construction.
C3 Condition Rating: Limited Deferred Maintenance: 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.
C4 Condition Rating: Minor Deferred Maintenance: 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.
C5 Condition Rating: Significant Deferred Maintenance: 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 are somewhat diminished due to condition, but the dwelling remains useable and functional as a residence.
C6 Condition Rating: Severe Deferred Maintenance: 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.
Quality of Construction Ratings
Quality of Construction Q1: 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.
Quality of Construction Q2: Dwellings with this quality rating are often custom designed for construction on an individual property owners site. However, dwellings in this quality grade are also found in high-quality
tract developments featuring residences 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.
Quality of Construction Q3: 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
owners 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.
Quality of Construction Q4: 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.
Quality of Construction Q5: 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.
Quality of Construction Q6: 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 nonexistent. Older dwellings may feature one or more substandard or nonconforming additions to the original structure.
Class Valuation 2600 Bellingham Dr, #100 Troy, MI 48083 248.955.9580 www.classvaluation.com iPCR (2022)
