Friday, April 4, 2014

Another Appraisal at Playa Novillero, Mexico


This assignment called for the appraisal of 91 hectares of beachfront land at Playa Novillero very near some land I previously appraised in 2012. Playa Novillero is Mexico's longest beach at 82 kilometers, but is isolated and lacking in visitors. Despite being zoned for tourist development, land uses at the beach reveal abandonment rather than new development.

The beach is ideal for families, having about 50 meters of sand extending inland and shallow depths for a long distance out, but the beach is busy only week per year during a Mexican holiday week.

There are no close international airports. Last time I was here it took 2 hours to get here from the Mazatlan airport, and this time it took me 4 hours to travel from Guadalajara. Decent roads end at the town of Tecuala, which is 22 km inland from the beach, and arriving at the small village (population 249) at the south end of the beach, one has to drive up the beach to access the beach properties. This time our GMC got stuck in the sand and I had to get down on my chest several times to clear the soft sand from around the tires.

Most of the beach homes are abandoned.




As in the last Mexican appraisal assignment, the loan applicants were pledging as collateral a property that they did not own yet, although they did possess a 4-year-old purchase contract and a document conveying "Special Irrevocable Power" for 5 years, with less than a year from the end of the contract. They said they were taking their time executing the purchase contract, but there was no plan to close on the purchase at the time of loan funding, leaving the lender with the prospect of having no collateral for the loan.

Just as in the other beach property assignments, the most consistent indicator of value in this case was the price per lineal meter of beach front.

3 comments:

Tinh Kiều said...


The interior information is very good, thank you for bringing this information.
I have read a lot of articles on furniture, hope you will like it too.
Góc kinh nghiệm: Có nên mua bàn thờ cũ? Cách chọn mua bàn thờ ưng ý nhất
Địa chỉ mua sofa giá tốt nhất Hà Nội
Chọn bàn trà kết hợp với sofa giúp không gian phòng khách hoàn hảo

Moon-12345 said...


The above interior information is useful. I also brought you some good information about the interior that I found. The same reference you
Choáng ngợp với 20 mẫu kệ tivi đẹp, đơn giản đang được ưa thích nhất hiện nay
20 mẫu tủ bếp màu trắng đẹp phong cách tân cổ điển được yêu thích nhất
Cách thiết kế nội thất phòng cưới nhỏ lãng mạn, tiện nghi với chi phí cực rẻ
Dự án thiết kế và thi công nội thất phòng bếp nhà cô Nhi ở Hưng Yênt

Moon-12345 said...


Thank you for the above information. I have some useful informative articles about the interior, hope you enjoy it
10 phong cách thiết kế căn hộ chung cư đang làm mưa làm gió hiện nay
Tổng hợp 8 màu sơn tường cần tránh nếu không muốn rước họa vào thân
Cách chống nóng cho nhà ở đơn giản và dễ làm nhất
Mẫu phòng ngủ phong cách tân cổ điển mới được yêu thích nhất năm 2019