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� � � � � � �g � INSURANCE - iNVESTMENTS - APPRAISALS <br /> G E N E - W A Y N E 1198 NORTH MAIN STREET • PHONE 423-7781 <br /> 8 E A L T O R S DECATUR. {LLINOIS 62521 <br /> � <br /> AEALTOP <br /> July 8, 1986 <br /> Mr. Thomas L. Thompson <br /> 1604 N. Ellen Avenue <br /> Decatur Illinois 62526 <br /> Appraisal of Parcel of ground <br /> North Ellen Avenue <br /> City of Decatur, Owner <br /> In accordance with your request, I have observed that portion <br /> of North Ellen Avenue north of West Division Street and south <br /> of Graceland Avenue for the purpose of estimating its value. <br /> Value may be interpreted as meaning the price an informed buyer, <br /> acting voluntarily and without necessity, would be justified <br /> in paying for the property appraised, and an informed seller of <br /> the property, acting voluntarily, would be warranted in <br /> accepting. <br /> This parcel of ground is the continuation of North Ellen Avenue <br /> (north of West Division) adjoining Graceland Cemetery, and <br /> appears to be 50 feet in width fronting on the north side of <br /> West Division Street by 40.5 feet in depth. (See copy of plat <br /> attached) . <br /> Topography of ground is level and appears to be at street <br /> grade with adequate drainage. <br /> The area is zoned R-3, single family residential, which requires <br /> 6000 square feet of ground area per dwelling. <br /> Over a period of several years, I have observed the sale of lots <br /> where the improvements have been torn down. The vacant lots <br /> remain on the market for lengthy periods, and are usually sold <br /> to an adjoining property owner for a token amount. <br /> Along with this experience and considering the location, size and <br /> limited use of this parcel of ground, it is my opinion that it has <br /> an estimated value as of this date of One Hundred Dollars ($100.00) . <br /> �-s.� �.�. - <br /> D. Eugene C bell, Appraise'r <br /> gyc <br />