2013-74 VACATING PUBLIC WALKWAY RIGHT-OF-WAY - SOUTHMORELAND PLACE

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I have previously performed no appraisals or other services related to this propert within the 3 years prior to accepting this assignment. Legal Description: There has been no formal legal description provided for this piece of property. Assessor Parcel#: This strip of land has no formal number attached to it. Neighborhood Description: The subject is located in the city of Decatur which is the county seat of Macon county in central Illinois. It has an estimated population of 76,000. It has a primarily manufacturing based economy with two of its largest employers being Adm and C erpillar. It has two large hospitals(St. Mary's Hospital is just a block away) and both a junior college arid a small private university, Millikin. There is a large lake bisecting the city into different sections z nd the city features numerous parks and public golf courses. The subject is located on the southern s de of the central area of the city in an area of well maintained older homes. There are no adverse f ctors affecting the marketability of homes in this area. Schools are all located within convenient dist nces, including a high school just a block away. Employment areas are all within close distances from this area of town. The lake borders the southern edge of this subdivision and there is an open park area on the lake that is undeveloped for neighborhood residents to use. Zoning: The zoning for this area is Single Family Residential, R2. This strip of Ian by itself is not large enough to build on. Highest and Best Use: This strip of land by itself serves no purpose other than to a low people to enter/exit the subdivision via walking. The best use of the land for the current ow iers would be to sell the ROW to the adjacent homeowners. To determine the value of the site the Supervisor of Assessor's office records were earched manually on 05/29/2013. Workers in the office were also solicited for assistance in finding ales that might be beneficial for this report. Once the search was started it became very apparent that there have been extraordinarily few sales of this nature in Macon County in the past year. To determine the value of this strip of land, other types of sales would be need to be used. The assessor p ovided 3 sales of land taken as a right of way(sales#1-3). These sales were small strips of land that are somewhat comparable to the subject. Sales#1-3 are located on Ocean Trail Rd. Sale#1- .622 Acres which are part of 09-13-23-400-004. This sold for$3430. It old on 04/2/13 per Recorder Bk. 4293/Pg. 298. It sold for 12.6 cents per square foot. Sale#2- .235 Acres which are part of 09-13-26-200-001. This sold for$640. It sol I on 04/02/13 per Recorder Bk.4293/Pg.301. It sold for 6.2 cents per square foot. Sale#3-.837 Acres which are part of 09-13-26-200-004. This sold for$3130. It sold on 04/02/13 per Recorder Bk. 4293/Pg. 304. It sold for 8.5 cents per square foot.