Appraisal Fees

You will find the fees that we charge are very competitive for the menu of services that we offer, and we know of no other local appraisal firm that advertises their rates. Choose from the menu below to best suit your needs or call us at (630) 357-4647 for a FREE phone consultation.

Note: Posted fees are for single orders. New client? Call (630) 357-4647 for volume pricing.

Note that according to the Real Estate Appraiser Licensing Act 225 IL CS457l, it is illegal in the State of Illinois to base the appraisal fee charged for an assignment on a predetermined estimate of value.

New clients are required to pay for the appraisal at the time of ordering.

Effective April 1st 2009: All conventional and FHA appraisals include the new Fannie Mae
Form 1004MC for appraisals of 1- to 4-unit properties in the fee.

In a hurry? We can provide 24 hour turnaround for an extra $80 RUSH FEE.

For a description of the reports contents, click on the desired form. For a sample report so you can see what the product looks like, click on Demo Reports.

Click here to download our fee schedule in Adobe Acrobat or click here for it in a Microsoft Word document.


Need it done now? Order an appraisal on line. We receive it in real time!
Quick turnaround time, usually 5 days or less. Click on Where We Go to see the areas we serve.
D
ownload our Piekos Appraisals order form and fax it back to our toll free number!


Property Division (Divorce), or Estate Appraisal
(Retrospective valuation):
Fee:
(Non-lender) Residential Summary Appraisal Report $425

Private (non-lender) Appraisal: Fee:
Residential Summary Appraisal Report $375

Conventional Appraisals: (includes the new Form 1004MC)

Summary Appraisals: Fees:
URAR Form 1004 (03/05) WITH the Cost Approach $350
URAR Form 1004 (03/05) WITHOUT the Cost Approach $325

Exterior Only Residential Form 2055 WITH the Cost Approach

$275
Exterior Only Residential Form 2055 WITHOUT the Cost Approach $250
Condominium Form 1073 (03/05) $350
Exterior Only Condominium Form 1075 (03/05) $275
Land Appraisal Report $325

Multi-Family Appraisals: Fees:
Small Income Form 1025 (03/05) WITH the Cost Approach - 2 unit $525
Small Income Form 1025 (03/05) WITH the Cost Approach - 3 unit $550
Small Income Form 1025 (03/05) WITH the Cost Approach - 4 unit $575
Small Income Form 1025 (03/05) WITHOUT Cost Approach - 2 unit $500
Small Income Form 1025 (03/05) WITHOUT Cost Approach - 3 unit $525
Small Income Form 1025 (03/05) WITHOUT Cost Approach - 4 unit $550


FHA Appraisals: Fees:
URAR Form 1004 (03/05) $350
Condominium Form 1073 (03/05) $350
Small Income Form 1025 (03/05) 2 Unit $500
Small Income Form 1025 (03/05) 3 Unit $525
Small Income Form 1025 (03/05) 4 Unit $550
FHA Compliance Inspection $100


VA Appraisals: Fees:
URAR Form 1004 (03/05) $425
Condominium Form 1073 (03/05) $425
Small Income Form 1025 (03/05) 2-4 Unit $500
VA Compliance Inspection $100

Relocation Appraisals: Fee:
ERC Summary Appraisal Report (2010) $500

 REO Appraisals: Fee:
 Single Family URAR Form 1004 with Supplemental REO Addendum $390


 Auxiliary Forms Fees:
 Form 1007 Single Family Comparable Rent Schedule  $75
 Form 216 Operating Income Statement  $75
 Appraisal Update Report Form 1004D  $150
 Appraisal Completion Report Form 1004D  $100


New construction, homes over 3,500 sq.ft. or properties located outside our primary market area may be slightly higher.

The Residential Summary Appraisal Report is a new report form that complies to USPAP regulations. It is designed specifically for non-lender use and is an excellent format to convey an appraisal assignment for a private party. It consist of a four page report, plus a three page Additional Addendum and three page Supplemental Addendum. Exhibits include a Sketch Page, which is a perimeter sketch of each floor of the living structure. Photo Addendums contain pictures of the subject and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used. A typical report can consist of 12-18 pages total.

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The Uniform Residential Appraisal Report (a.k.a. URAR, Fannie Mae Form 1004 / Freddie Mac Form 70) (dated: 03/05) consists of a six page description and valuation analysis of the subject property. NOTE: Square footage is the area counted above grade. Basements/Lower Levels are counted separately. Exhibits include a Sketch Page, which is a perimeter sketch of each floor of the living structure. Photo Addendums contain pictures of the subject and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used. A Flood Map is included when necessary to show the location of the subject within a flood plain. The new Fannie Mae Marketing Conditions Form 1004MC is included. For FHA appraisals, the Repairs, Alterations, Required Inspections Addendum is included if necessary. For VA appraisals, a VA Minimum Property Requirements (MPRs) Repair Addendum will be included if necessary. For REO appraisals, a Supplemental Real Estate Owned Appraisal Addendum will be included, as well as interior photos.

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The Individual Condominium Appraisal Report (Fannie Mae Form 1073 / Freddie Mac Form 465) (dated: 03/05) consists of a six page description and valuation analysis of the subject property. Exhibits include a Sketch Page, which is a perimeter sketch of each floor of the living structure. Photo Addendums contain pictures of the subject and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used. A Flood Map is included when necessary to show the location of the subject within a flood plain. The new Fannie Mae Marketing Conditions Form 1004MC is included. For FHA appraisals, the Repairs, Alterations, Required Inspections Addendum is included if necessary. For VA appraisals, a VA Minimum Property Requirements (MPRs) Repair Addendum will be included if necessary.

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The Land Appraisal Report consists of a one page description and valuation analysis of the subject property. Also included is Fannie Mae Form 1004-B: Statement of Limiting Conditions and Appraiser's Certification. This is a standard certification page that is required for residential form reports. Exhibits include Photo Addendums, which contain pictures of the subject and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used. A Flood Map is included when necessary to show the location of the subject within a flood plain.

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The Small Residential Income Property Appraisal Report (Fannie Mae Form 1025 / Freddie Mac Form 72) (dated: 03/05) consists of a seven page description and valuation analysis of the subject property. Exhibits include a Sketch Page, which is a perimeter sketch of each floor of the living structure. Photo Addendums contain pictures of the subject and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used. A Flood Map is included when necessary to show the location of the subject within a flood plain. The new Fannie Mae Marketing Conditions Form 1004MC is included. For conventional appraisals, the Form 216 Operating Income Statement is included at no additional charge. For FHA appraisals, the Repairs, Alterations, Required Inspections Addendum is included if necessary.  For VA appraisals, a VA Minimum Property Requirements (MPRs) Repair Addendum will be included if necessary.

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The Exterior Only Residential Appraisal Report (Fannie Mae & Freddie Mac Form 2055) and the Exterior Only Individual Condominium Unit Appraisal Report (Fannie Mae Form 1075 / Freddie Mac Form 466) (dated: 03/05) consists of a six page description and valuation analysis of the subject property. (Exterior appraisals will not contain a Sketch Page.) The new Fannie Mae Marketing Conditions Form 1004MC is included. Photo Addendums contain pictures of the subject and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used.

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The ERC Summary Appraisal Report (Employee Relocation Council ERC Form Rev. 2010) consists of a seven page description and valuation analysis of the subject property. Exhibits include a Sketch Page, which is a perimeter sketch with exterior dimemsions of each floor of the living structure. Photo Addendums contain interior pictures of the main rooms of the subject, as well as exterior pictures of the subject property, competitive listings and the comparable properties. The Location Map shows the location of the subject within its immediate surroundings and in relation to the comparable sales used.

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