Section 03
Subject Property
Appendix B-1, page 116
The Subject Property section provides overall information including the address, legal description, and ownership rights of the property being appraised. This section provides space for additional commentary and exhibits.
The Subject Property section always displays.
Required data always displays; conditionally required data displays when the conditionality statement is met. Refer to the URAR Delivery Specification for detailed information.
Subject Property: General Information
| Report Field ID | Report Label | Unique ID | MISMO Data Point Name | Display Rules |
|---|---|---|---|---|
| 3.000 | Physical Address | 0100.0007 | AddressLineText | Always displays |
| 0100.0008 | AddressUnitIdentifier | Display if exists Display the AddressUnitDesignatorType (UID: 1200.0052, FID: 3.000) = "Unit" followed by the AddressUnitIdentifier Note: For properties with multiple units, do not populate unit number in Physical Address. Unit Identifier is included in the Unit Interior section. |
||
| 0100.0009 | CityName | Always displays | ||
| 0100.0011 | PostalCode | |||
| 0100.0012 | StateCode | |||
| 3.001 | Alternate Physical Address | 0100.0002 | AddressLineText | Display when CityName Exists OR PostalCode Exists OR StateCode Exists |
| 0100.0003 | AddressUnitIdentifier | Display if exists Note: All data elements (except for AddressUnitIdentifier) must be delivered when providing a property's additional address. |
||
| 0100.0004 | CityName | Display when AddressLineText Exists OR PostalCode Exists OR StateCode Exists | ||
| 0100.0005 | PostalCode | Display when AddressLineText Exists OR CityName Exists OR StateCode Exists | ||
| 0100.0006 | StateCode | Display when AddressLineText Exists OR CityName Exists OR PostalCode Exists | ||
| 3.002 | County | 0100.0010 | CountyName | Always displays |
| 3.003 | Neighborhood Name | 0100.0017 | NeighborhoodName | Display if exists |
| 3.004 | Attachment Type | 0100.0020 | AttachmentType | Always displays |
| 3.005 | Units Excluding ADUs | 0100.0022 | LivingUnitExcludingADUCount | |
| 3.006 | Accessory Dwelling Units | 0100.0019 | AccessoryDwellingUnitTotalCount | |
| 3.007 | Dwellings Containing Units | 0100.0021 | DwellingCount | Display when LivingUnitExcludingADUCount > 1 |
| 3.008 | Special Tax Assessments | 0100.0033 | SpecialTaxAssessmentsIndicator | Always displays |
| 3.009 | Description of Special Tax Assessments and Impact to Value/Marketability | 0100.0050 | ValuationCommentText | Display when SpecialTaxAssessmentsIndicator = "true" AND ValuationAnalysisCategoryType (UID: 0100.0049, FID: Not on report) = "PropertySpecialTaxAssessments" |
| 3.010 | Planned Unit Development | 0100.0026 | PUDIndicator | Checkbox always displays - Note: When PUDIndicator = "true", PropertyInProjectIndicator must be false |
| 3.011 3.012 3.013 |
Condominium Cooperative Condop |
2500.0168 | ProjectLegalStructureType | Checkboxes always display When PropertyInProjectIndicator (UID: 0100.0065, FID: Not on report) = "false", each checkbox displays with a checkmark in No. When PropertyInProjectIndicator = "true", a check mark displays in Yes for one of the three checkboxes Condominium, Cooperative, Condop, the other two display a check mark in No. |
| 3.014 | Property on Native American Lands | 0100.0054 | NativeAmericanLandsIndicator | Checkbox always displays |
| 3.015 | Subject Site Owned in Common | 0100.0047 | LandOwnedInCommonIndicator | Checkbox always displays |
| 3.016 | Homeowner Responsible for all Exterior Maintenance of Dwelling(s) | 0100.0046 | HomeownerResponsibleForExteriorMaintenanceIndicator | Checkbox always displays |
| 3.017 | New Construction | 0300.0010 | NewConstructionIndicator | Checkbox always displays |
| 3.018 | Construction Stage | 0300.0066 | ConstructionStatusType | When NewConstructionIndicator = "true" AND GovernmentAgencyAppraisalType = "FHA" OR "VA" |
Figure 3 - 1
Ownership Rights#
The Ownership Rights subsection displays when the property is not in a cooperative. Below is an overview of the subsection. (Figure 3 - 2)
Subject Property: Ownership Rights
| Report Field ID | Report Label | Unique ID | MISMO Data Point Name | Display Rules |
|---|---|---|---|---|
| 3.019 | Property Rights Appraised | 0100.0024 | PropertyEstateType | Display when PropertyInProjectIndicator = "false" OR ProjectLegalStructureType = "Condominium" |
| 3.020 | Community Land Trust | 1500.0031 | CommunityLandTrustIndicator | Display when PropertyEstateType = "Leasehold" or "Other" |
| 3.021 | Native American Lands | 1500.0199 | NativeAmericanLandsType | Display when NativeAmericanLandsIndicator = "true" |
| 3.022 | Ground Rent Annual Amount | 0100.0028 | PropertyGroundLeaseAnnualAmount | Display when PropertyEstateType = "Leasehold" AND LandOwnedInCommonIndicator = "false" |
| 3.023 | Renewable | 0100.0030 | PropertyGroundLeaseRenewableIndicator | - Display when PropertyGroundLeaseAnnualAmount > 0 - Display when PropertyEstateType = "Leasehold" AND LandOwnedInCommonIndicator = "false" |
| 3.024 | Term | 0100.0031 | PropertyGroundLeaseTermYearsCount | Display when GovernmentAgencyAppraisalIndicator = "true" AND PropertyGroundLeaseRenewableIndicator = "true" |
| 3.025 | Expires | 0100.0029 | PropertyGroundLeaseExpirationDate | - Display when PropertyGroundLeaseAnnualAmount > 0 - Display when PropertyEstateType = "Leasehold" AND LandOwnedInCommonIndicator = "false" |
| 3.026 | Description of Ground Rent and Impact to Value/Marketability | 0100.0048 | PropertyGroundRentDescription | Display when PropertyGroundLeaseAnnualAmount > 0 |
| 3.027 | All Rights Included in Appraisal | 0100.0034 | AllPropertyRightsAppraisedIndicator | Display when LandOwnedInCommonIndicator = "false" |
| 3.028 | Rights Not Included | 0100.0036 | PropertyPartialInterestType | Display when AllPropertyRightsAppraisedIndicator = "false" |
| 3.029 | Mineral Rights Leased | 0100.0023 | MineralRightsLeasedIndicator | Display when GovernmentAgencyAppraisalIndicator = "true" AND AppraisedIndicator = "false" AND (AllPropertyRightsAppraisedIndicator = "true" OR PropertyPartialInterestType <> "MineralRights") |
| 3.030 | Description of Rights Not Included | 0100.0038 | PropertyRightsNotAppraisedDescription | Display when AllPropertyRightsAppraisedIndicator = "false" |
Figure 3 - 2
Legal Description#
The Legal Description subsection always displays. The legal description is required either in text format or an image.
- When Legal Description - ParcelsLegalDescription (UID: 0100.0067, FID: 3.031) is provided, the text displays. (Figure 3 - 3)
Figure 3 - 3
- When an image is provided for Legal Description, it must be delivered using ImageCategoryType (UID: 3000.0043, FID: 3.031.1) = "LegalDescription" and the image displays within the subsection below the gray bar. (Figure 3 - 4)
Figure 3 - 4
Subject Property Commentary#
The Subject Property Commentary subsection displays only when comments are provided. Any commentary must use ValuationCommentText (UID: 0100.0044, FID: 3.032) and ValuationAnalysisCategoryType (UID: 0100.0045, FID: Not on report) = "SubjectProperty".
Subject Property Exhibits#
The Subject Property Exhibits subsection displays only when images are provided. All text must display above the image in bold font.
- Other images included must be delivered using ImageCategoryType (UID: 1400.0638, FID: 3.033.1) = "SubjectPropertyExhibit".
- An image caption should be included using ImageCaptionCommentDescription (UID: 1400.0640, FID: 3.033.2).