Real Estate Analysis & Reporting
Credible. Accurate. Professional.
About Us
Established in Iowa City in 1993, MRS Appraisals is a locally-owned appraisal business. Our full-time state-certified appraisers offer real estate analysis and reporting on residential and commercial properties, including condominiums, agricultural estates, development grounds, federal housing, and more.
Established in Iowa City in 1993, MRS Appraisals is a locally-owned appraisal business. Our full-time state-certified appraisers offer real estate analysis and reporting on residential and commercial properties, including condominiums, agricultural estates, development grounds, federal housing, and more.
Through quality appraiser retention, we have put together a team with close to a hundred years of aggregate experience. This vast knowledge allows us to provide accurate financial products suitable for in-house or secondary market clients.
MRS Appraisals are proud sponsors of the Home Builders Association, Iowa City Chamber of Commerce, Kiwanis, Circle-K, and Habitat for Humanity. We support local high school scholars and student-athletes.
MRS Appraisals actively operate in Johnson, Iowa, Washington, Muscatine, and Cedar counties. A full list of clients and references is available upon request.
ContactThrough quality appraiser retention, we have put together a team with close to a hundred years of aggregate experience. This vast knowledge allows us to provide accurate financial products suitable for in-house or secondary market clients.
MRS Appraisals are proud sponsors of the Home Builders Association, Iowa City Chamber of Commerce, Kiwanis, Circle-K, and Habitat for Humanity. We support local high school scholars and student-athletes.
MRS Appraisals actively operate in Johnson, Iowa, Washington, Muscatine, and Cedar counties. A full list of clients and references is available upon request.
Services
Residential Appraisals
Residential Appraisals
Pending a residential purchase or refinancing loan application, a lender is required by law to obtain an unbiased appraisal of the property. Homeowners might also retain an appraiser of their own when deciding whether to buy, sell, or finance their home.
When contracted, MRS sends out an appraiser to perform a thorough inspection of the subject property. The appraiser also researches municipal and other records for information on the property and the market area. Recent sales and listings of comparable properties in the area are taken into account as well. This extensive work is done so that independent and impartial conclusions regarding the property value can be reached.
After all the data collection and analysis, the appraiser forms their professional opinion on the value of the property. The final opinion is compiled into a report and presented to the client. At MRS Appraisals, we stake our reputation on every report, dedicated to providing fully accurate and impartial results.
Commercial Appraisals
Whether considering an investment into a commercial property or looking to avoid a tax hike, consulting a certified appraiser is often the first step. Since commercial property values are known to fluctuate, the appraisal must be not only accurate but swift.
An MRS representative performs all the necessary research and data collection before beginning the assessment process. Depending on the specifics of the task, they apply the required methodology. Whether using sales comparison, income capitalization, or the cost approach, the report will be compiled and tailored according to the needs of the client.
At MRS Appraisals, we know full well how complex commercial real estate valuations can be. That’s why we require clients to be forthcoming with information, and at the same time seek to provide a range of possible values in the final report.
Commercial Appraisals
Multi-Family
Scrutinizing valuation of multifamily assets and local market dynamics.
Condominium
Appraisals of the individual unit and the condo project as a whole.
Agricultural
Professional farmland, rural property, and chattel valuation services.
Development Ground
Infrastructure, ground conditions, development restraints.
Condemnation
Eminent domain acquisition and compensation assessment.
Estate/Probate
Legal appraisal of the decedent’s property and assets.
Land
Empty lot and vacant land assessment.
FHA
Federal housing loan application valuation.
Reviews
When buying our home, we were a little apprehensive about finding an appraiser that we could trust. Man, did we hit the jackpot with MRS Appraisals! They were thorough and easy to work with. Now, we have a home we are proud to call our own. We would definitely recommend MRS!
Best appraisal company to work with, very knowledgeable
The experts at MRS Appraisals are what made the decision to purchase a new building for my business easy. Their experience and professionalism set my mind at ease, knowing that their appraisal would be honest, non-biased, and detailed. Thank you!