Was Grandma's car. Has sat with it's rebuilt engine in an indoor garage.
Appraisal follows:
Vehicle Appraisal Steven Linden 2000
Date of Appraisal: March 22nd, 2012 Type of Valuation: FMV Purpose of Appraisal: Sale
Vehicle Manufacturer: Chevrolet Model: Bel Air 4 Door Sedan Year: 1957 VIN: C57T295129 Plate: A47 3LM (NY) Mileage Per Odometer: 36,980.5 Engine: 235 6 Cyl. Transmission: 3-speed manual Color Ext: Inca Silver Top: Ivory Int: Black / Red
Observed equipment: All standard 1957 Chevrolet Bel Air equipment plus am radio, seat covers, floor mats, heater.
Provenance: The vehicle has been in the same family since new. The current owner has a Transferable New York State Registration. Documentation includes the original Sales Order (11/14/57), and the Original Bill of Sale (11/19/57) as well as service receipts from 1999 V 2005. The VIN indicates that the vehicle is a 1957 Chevrolet Bel Air that was equipped with a 6 cylinder engine and that was built in the Tarrytown, New York plant.
Comments: The 1957 Chevrolet Bel Air is the quintessential 1950s American classic car. The market for these cars is active with demand slightly outpacing supply, which has the effect of pushing prices modestly higher on an annual basis. The 4 Door Sedan is not as desirable as the 2 Door or the Convertible models, but the 4 Door model has gained in popularity over the past three years as prices of the other models have climbed. This car would be particularly attractive to collectors because of the one family owner history, excellent documentation, and condition including mechanical work performed between 1999 and 2005 including having the entire drive-train rebuilt.
Condition (On OCPG Scale): ___2____ Value: __$19,500.00 ________________
Note: Appraised value is determined after relative condition and rarity is established. Factors including, but not limited to reference materials, price guides, auction results and appraisers knowledge are all taken into account to arrive at the appraised value. This appraisal is an estimate of a vehicles value only. It is not an inspection of safety, structural soundness or mechanical integrity.
___________ This appraisal report consists of ____3___ pages Steve Linden Definitions
Type of Valuation
Fair Market Value (FMV) : This is the price that the property would sell for on the open market between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts.
Agreed Value: A value agreed upon between the insured and the carrier, that the carrier will pay, less any applicable deductible, should the vehicle be a total loss. No depreciation is applied.
Replacement Value (RV) : This is the amount that it would cost to replace an item with one of similar and like quality purchased in the most appropriate marketplace within a limited amount of time.
Marketable Cash Value (MCV) : This is the value realized, net of expenses, by a willing seller disposing of property in a competitive and open market to a willing buyer, both being reasonably knowledgeable of all relevant facts, and neither being under constraint to buy or sell.
Liquidation Value (LV) : The price realized in a sale situation under forced or limiting conditions and under time constraints.
Diminished Value (DV) : The decreased market value of a wrecked or damaged vehicle even after having been repaired.
Vehicle Condition Scale for Collector & Specialty Vehicles
Condition # 1 EXCELLENT: Restored to current maximum professional standards of quality in every area, or perfect original with components operating and appearing as new. a 95-plus point show car that is not driven. Condition # 2 FINE: Well-restored or a combination of superior restoration and excellent original. Also, an extremely well-maintained original showing very minimal wear. Condition # 3 VERY GOOD: Completely operable original or "older restoration" showing wear. Also, a good amateur restoration, all presentable and serviceable inside and out. Plus, combinations of well-done restoration and good operable components or a partially restored car with all parts necessary to complete and / or valuable NOS parts. Condition # 4 GO
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