Appraisal Expert Witness Opines on Value of Parking Spaces

Case Overview

The plaintiff in this case is in a homeowner’s association in an upscale housing development of California. The housing development consists of a series of townhouses with blocks of shared parking spaces directly adjacent to the homes. The Covenants, Conditions, and Restrictions of this particular development prohibit enclosures of these parking spaces for any reason, because parking set up was designed to allow for tandem parking for the units that have carports. None of the spaces are currently assigned to owners – but they had been in the past. The homeowner’s association allowed the plaintiff’s neighbor to enclose her carport to use as a garage in violation of the CC&Rs. The plaintiff is a disabled woman, and the structure has eliminated parking in front of her townhouse, and has allegedly reduced the value of the plaintiff’s property.

Questions to the Appraisal expert and their responses

Do you have knowledge of the rules and regulations the CC&Rs govern?

I am a Certified Residential Real Estate appraiser in good standing with my state's Office of Real Estate appraisers. I've been appraising full time regionally for over 20 years. I started my appraising career with my father in 1989 who owned and operated a Commercial Appraisal and Consulting business established in the mid 1960's. I was taught that Ethics, Professionalism, Competency and Quality were necessary elements to be successful in the appraisal business.

Do you have experience working on similar cases?

The lending environment has seen significant changes over the years; however, I have managed to maintain the core values that are the essence of the appraisal profession. I am very familiar with this particular area and project.

Are you familiar with the Davis-Stirling Act?

I see a number of ways to put a value to the effect of the garage on the property. One thing that comes to mind is that the defendant was allowed to put in this structure and others in the development are not allowed to do similar things. Whatever value his property gained from the GLA is what everyone else in the development should be given. There is also the loss of parking which I believe can be quantified as well.

About the expert

This expert has more than 25 years of property appraisal experience. Types of Appraisal Assignments include: Complex SFR and Non-complex SFR, Small Residential Income Properties, condominiums, lots, subdivisions, vacation homes, duplexes, Orchards, Vineyards, and planned unit developments. This expert have also assisted in the appraising of industrial buildings, apartment complexes, various income properties, timberland, and commercial and residential planned developments.

E-022969

Specialties:

Appraisal