Structures Value Determination Work Sheet
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Building, Engineering, & CITY OF CONCORD Neighborhood Services CURRENT DEVELOPMENT 1950 Parkside Drive, M/S 52 PHONE: (925) 671-3425 Concord, CA 94519-2578 FAX: (925) 680-4877 www.cityofconcord.org
Structure Value Determination Work Sheet CUSTOM TWO STORY A distinct residence from designer’s plans Address of Single family—1 full bath, 1 half bath, 1 kitchen Residence No basement BASE cost per square foot of living area Asphalt shingles on roof Sq. Ft. of Living Area 1200 1400 1600 1800 Proposed Improvement Cost $ 2000 2400Forced2800 hot air 3200heat/air3600 conditioning4000 4400 Basic Structure - Exterior Wall Type Gypsum wallboard interior finishes DateStucco or Wood Siding - Wood 114.90By 108.20 103.55 99.35 Materials and workmanship are above average Frame 94.85 88.30 82.75 79.15 77.00 74.75 72.80 Brick Veneer - Wood Frame 122.55 115.40 110.35 105.80 101.05 93.90 87.85 83.90 81.60 79.00 77.00 Stone Veneer - Wood Frame 127.60 120.10 114.85 110.00 105.15 97.55 91.15 87.05 84.65 81.90 79.75 BASE cost per square foot of living area
UPGRADES cost per square foot of living area Roof - Cedar Shake 0.98 0.98 0.98 0.98 0.98 0.98 0.98 0.98 0.98 0.98 0.98 Roof - Clay Tile 1.85 1.85 1.85 1.85 1.85 1.85 1.85 1.85 1.85 1.85 1.85 Roof - Slate 3.72 3.72 3.72 3.72 3.72 3.72 3.72 3.72 3.72 3.72 3.72 Updated Kitchen Cabinets and countertops 0.76 0.65 0.57 0.51 0.46 0.38 0.33 0.28 0.25 0.23 0.21 Air Conditioning (in heating ducts) 0 0 0 0 0 0 0 0 0 0 0 Each Additional full baths 4.20 3.61 3.16 2.81 2.53 2.10 1.80 1.58 1.40 1.26 1.15 Each Additional half baths 2.63 2.25 1.97 1.75 1.56 1.31 1.13 0.99 0.88 0.79 0.72 Each Fireplace and Chimney 4.10 3.51 3.07 2.73 2.46 2.05 1.76 1.54 1.37 1.23 1.12 Garage, Attached - 1 car 9.37 8.03 7.03 6.25 5.62 4.69 4.02 3.52 3.12 2.81 2.56 Garage, Attached - 2 car 16.15 13.84 12.11 10.77 9.69 8.08 6.92 6.06 5.38 4.85 4.41 Garage, Attached - 3 car 22.48 19.27 16.86 14.99 13.49 11.24 9.63 8.43 7.49 6.74 6.13 Garage, Detached - 1 car 12.03 10.31 9.02 8.02 7.21 6.01 5.16 4.51 4.01 3.61 3.28 Garage, Detached - 2 car 18.36 15.74 13.77 12.24 11.02 9.18 7.87 6.89 6.12 5.51 5.01 Garage, Detached - 3 car 24.69 21.16 18.52 16.46 14.81 12.34 10.58 9.25 8.23 7.41 6.73 Total UPGRADES cost per square foot of living area
Concord Location Adjustment Factor = 1.20 (Multiply above total cost by this factor to adjust for local prices in Concord.)
Depreciation Factor (From FEMA Publication 311) Building Age Depreciation Factor 0–10 years old 3% 10–20 years old 6% 20–30 years old 9% 30–40 years old 12% 40–50 years old 15% over 50 years old 18%
FEMA Custom 2 Story Work Sheet.dot (Rev. 05-20-05) Market Value of Structure (MV) Sq. Ft. Base Cost Total Upgrades Depreciation factor MV = of Living Area x ( per Sq. Ft. + Cost per Sq. Ft. ) x 1.20 x (1- as a decimal )
x ( + ) x 1.20 x (1- ) =
Substantial Improvement Test (SIT) Proposed Improvement Cost SIT = Market Value of Structure
=
FEMA Value Determination Fact Sheet PW-101.dot (Rev. 05-04-05)