Ash Street Project

2026-11-03

1 . Provide an appraisal meeting the following definition of an “ appraisal ,” which is found at 49 CFR 24 . 2 ( a )( 3 ): “ The term appraisal means a written statement independently and impartially prepared by a qualified appraiser setting forth an opinion of defined value of an adequately described property as of a specific date , supported by the presentation and analysis of relevant market information .” 2 . Afford the property owner or the owner ' s designated representative the opportunity to accompany the appraiser on the inspection of the property in accordance with Title 18 of the Code of Alabama . 3 . Perform an inspection of the subject property . The inspection should be appropriate for the appraisal problem , and the Scope of Work in the contract will address : • The extent of the inspection and description of the neighborhood and proposed project area , • The extent of the subject property inspection , including interior and exterior areas , • The level of detail of the description of the physical characteristics of the property being appraised ( and , in the case of a partial acquisition , the remaining property ). 4 . In the appraisal report , include a sketch of the property and provide the location and dimensions of any improvements . Also , it should include adequate photographs of the subject property and comparable sales and provide location maps of the property and comparable sales as called for in the State DOT ' s FHWA - approved Right - of - Way or Appraisal Manual . 5 . In the appraisal report , include the following items : • The property right to be acquired ( e . g ., temporary construction easement ) • The value being appraised ( usually fair market value ), and its definition • Appraised as if free and clear of contamination ( or as specified ), • The date of the appraisal report and the date of valuation , • A realty / personalty report is required per 49 CFR 24 . 103 ( a )( 2 )( i ), • The known and observed encumbrances , if any , • Title information , • Location , • Zoning , • Present use , and • At least a 5 - year sales history of the property

Alabama

2026-03-27