QUALIFICATIONS OF THE APPRAISER
James
E. Espeseth, SRA
General Appraiser #53
BORN:
GENERAL EDUCATION:
University
of
Two
years in Agriculture & Life Sciences,
Biochemistry
Major
REAL ESTATE AND APPRAISAL
EDUCATION:
Real
Estate Law
General
Real Estate Practice
Real
Estate Appraisal & Finance
American Institute of Real Estate
Appraisers:
Real
Estate Appraisal Course 1-A (Exam)
Course
8-1 Real Estate Principles (Exam)
Course
8-2 Residential Valuation (Exam)
Standards
of Professional Practice A(Exam)-1993
Standards
of Professional Practice B(Exam)-1993
Narrative
Report Writing
Capitalization
A Exam - 1991
Capitalization
B course and exam - 1989
Case
Studies and exam 1990
Recent Continuing Education
Courses:
FIRREA
Requirements for FNMA and FHLMC - 1993
USPAP
in the real world-Limited Assignments - 1994
Environmental
Risk and the Real Estate Appraisal Process - 1995
Stats
Without Fear - Professor Richard Green, UW 1995
Issues
In Appraising Commercial Properties WRA 1997
Uniform
Taxation of Properties Sharon McCabe WRA 1997
The
Internet and Appraising
Valuation
of Subsidized Housing WRA - 1997
Eminent
Domain and Condemnation Appraising AI 1998
New
Industrial Valuation Methods Appraisal Institute - 1998
Residential
Appraisal Problem Solving WRA 1998
Online
Internet Search Strategies for R.E. Appraisers Appraisal Institute 1999
Uniform
Standard of Professional Appraisal Practice WRA 1999
Appraising
the Tough Ones-Frank Harrison, Appraisal Institute 2000
Attacking
and Defending Appraisals in Litigation Ted Witmer
AI 2000
Valuation
for Financial Reporting Appraisal Institute 2003
How
to Analyze and Value Commercial Property WRA 2003
USPAP
Update 2003 Appraisal Institute 2003
Land
Valuation James Boykin
Standards
and Ethics for Professionals Appraisal Institute 2003
Developing
and Growing an Appraisal Practice McKissock, Inc
-2004
The
Appraisal of Nursing Homes-Appraisal Institute-2004
Other Courses:
Attended
Advanced Calculator Course and R41-B Seminar
Demonstration
Report Writing seminar
Numerous
other seminars including hazardous waste,
Radon,
appraising unusual properties, etc.
Experience:
Full-time independent fee
appraiser since 1977. Associated
with United Real Estate Corporation, specializing in commercial and multifamily
appraisals.
Some notable projects include:
¨
Numerous adaptive reuse projects for The Alexander Company all over the
state of Wisconsin including the Historic Railway Depot, Wiedenbeck Apartments
and the City Station retail and office complex in the city of Madison.
¨
WHEDA-financed projects including the benefit analysis of state-backed
bonding issues and community grants.
¨
The temporary assembly chambers (after remodeling) for the Wisconsin
State Legislature, (formerly the National Mutual Benefit Insurance building) on
¨
Valuation of several Frank Lloyd Wright residences in the
¨
Several subdivision and Planned District analysis assignments including
both single-family and multifamily development.
¨
Valuation of several large industrial complexes including the Kirsh foundry and former Monarch Range Ironworks sites in
Beaver Dam. The
¨
Special-purpose properties ranging from slaughterhouses to congregate
care facilities in most sections of south central and northeastern
¨
Numerous appraisals of commercial properties ranging from hotel/motel
properties to large office and retail complexes located in most parts of south
central, central and northeast
¨
Appraisal and expert testimony provided on cases regarding residential
and conservation land valuation, subsidized housing and market operated
multifamily projects and condominium valuation.
¨
Speaker at several seminars regarding computerization of appraisal
offices and current statistical trends in the
DESIGNATION, CERTIFICATION AND AFFILIATIONS
SENIOR
RESIDENTIAL APPRAISER (SRA)
Appraisal Institute
Headquarters-975 North
Wisconsin Department of
Regulation and Licensing
AFFILIATIONS:
Greater Madison Board of
Realtors,
The National Association of
Realtors
Candidate for
MAI Designation
Appraisal Institute
Headquarters-975 North
Associate:
United Real Estate
Corporation &
Espeseth Appraisal Service
Real Estate Consultants
Madison , Wisconsin 53703
PARTIAL LIST OF CLIENTS
AT&T Ameristar Mortgage Corp.
Alexander Company Associated
Bank
Bank One Bache
Funding of
Bank of Cross Plains Bank
of Sun Prairie
Bank of
Black Earth State Bank Boatmen's Relocation
Century 21 Dubuque
Bank & Trust
First Federal Savings First Business
Bank
Firstar Bank Heartland
Properties
Home Savings and Loan Horizon Investment
JJT Mortgage Corp. M
& I Bank
Madison Metro Sewer District Madison Mutual Housing
McFarland State Bank Menard
Brokerage and Dev.
Meriter Hospital Monona
State Bank
North Shore Bank Park
Bank
Portage County Bank Richter-Schroeder
State Bank of
Tena Companies U.W.
Credit Union
Urban Land Interests Valley
Bank
WEA Credit Union Welton
Enterprises
The
current client list includes over 300 active accounts. The clients cited above represent a cross
section of the larger corporate and government entities. Numerous individuals and smaller corporations
from both within and outside the state of
