Valutron Appraisal Services Inc., is a full service real estate appraisal firm handling both residential and commercial appraisal assignments. The firm has appraised all types of properties throughout the whole "down-state" area. Valutron Appraisal Services Inc. is dedicated to quality and integrity and over the years have had only the largest local and national lenders, and attorneys from the single practitioner to several major law and accounting firms as clients.
For the past thirty years, Valutron Appraisal Services Inc., has been engaged in the appraisal of single family residences, small residential income properties, condominiums, cooperative apartments, and income producing properties. The concentrations of the reports have been in the New York Metropolitan Area, [encompassing the five boroughs], Nassau, Suffolk, and Westchester Counties. The types of residential properties appraised include high end Manhattan Coops and Condos, urban brownstones, multi-acre estates, modest tract homes, and exclusive “Hampton” beach and ocean front summer/weekend homes. The types of income producing properties appraised include mixed use free standing buildings, small strip centers, small office buildings, restaurants, retail establishments, mixed use type properties, multi-family buildings (up to 20 units), commercial condo units, entire Coop Apartment Buildings, auto related properties including car dealerships, motorcycle dealerships, body shops, gas stations, and repair shops. Industrial properties appraised include warehouse type properties in excess of 25,000 s.f.. The purposes of the appraisals have been primarily for mortgage purposes and appraisal reports for Estates and/or Estate tax planning, and Matrimonial purposes as requested by Attorneys and Accountants. The principal of the firm has appeared as an Expert Witness in matrimonial cases before the New York State Supreme Court in Nassau County and in Queens County as well. In addition, the firm has prepared Replacement Cost Appraisals on luxury residences for insurance purposes and has prepared appraisal assignments in connection with Bankruptcy Proceedings, Foreclosures, Partnership Dissolutions, PMI reductions, and Property Tax Reductions.
The firm carries twice the normal Errors & Omissions Liability Insurance ($2,000,000.00) with CNA Insurance Co.
Valutron Appraisal Services Inc. covers the following territories in the Greater New York Metropolitan Area, including Nassau, Suffolk, Queens, Brooklyn, the Bronx, Manhattan, Staten Island, the Hamptons, and Westchester. The office is outfitted the latest computer equipment, and is connected to all of the major real estate web sites and programs.
Client, personal references and sample appraisals are available upon written request.
President and Founder:
Kenneth H. Lippe, SRA is President of Valutron Appraisal Services Inc., located in Roslyn Heights, New York, since 1983. He is a certified general real estate appraiser in the state of New York (License No. 46000001231) and has been appraising residential and commercial properties for the past thirty years.
Kenneth Lippe started his appraisal career at Home Savings and Loan Assoc., America’s largest S & L at the time, and had formal appraisal training at the Encino, Torrance, and the main Wilshire Blvd. branches in California. Back in New York since 1980, he was employed at Citibank, N.A. as an “in house” Appraiser with the Upper Manhattan Community Business Team/Real Estate Division. After a year at the bank, Mr. Lippe ventured out into his own business d/b/a Ken Lippe and Associates. The market conditions at the time saw the prime rate rise above 18%. To add to his knowledge, he joined the Personal Lines Department at Chubb & Sons, one of the premier home insurers in the nation, preparing replacement cost appraisals for the well to do insured of luxury homes primarily on the Gold Coast of the north shore of Nassau County.
In recent years, Mr. Lippe has completed extensive appraisal assignments primarily for mortgage purposes, estate tax, trust and gift valuations, matrimonial valuations, property tax reductions, home equity loan disputes, and foreclosures. The property types include single family residences, small residential income properties, mixed use income producing properties, condominiums, and cooperative apartments. In addition, he has appeared as an Expert Witness in matrimonial cases before the New York State Supreme Court. Many of the recent condominium and cooperative appraisals performed have been in numerous new high end and luxury pre-war buildings in Manhattan primarily for Private Banking customers for several major Banks including, J.P. Morgan Chase, Citibank, Bank of America, Alpine Capital Bank, and Modern Bank. The single family homes have been multi-acre estates and exclusive Hampton beach front homes.
Mr. Lippe is a Past President of the Greater New York Chapter of the Appraisal Institute, (1991), and was instrumental in his tenure, in coordinating the efforts of the merger of the Society of Real Estate Appraisers and the American Institute of Real Estate Appraisers. NY State licensing law also came about within his term. He holds a designation from The Appraisal Institute (SRA). Professional affiliation memberships include New York City Council of Cooperatives, NY Association of Mortgage Brokers, Empire State Mortgage Bankers Association, Mortgage Bankers Association of New York, Long Island Association of Professional Mortgage Women, Community Bankers’ Mortgage Forum, Young Mortgage Bankers Association, Designated Realtor, and Member of the Multiple Listing Service of Long Island, Westchester/Putnam, and Staten Island Board of Realtors.