Laserfiche WebLink
SALES DATA <br /> In our opinion of value we considered the following sales data: <br /> 1. 653 E. Eldorado Street - Reported sold in 1986 for $15,000. Re- <br /> ported sale of vacant commercial land of 8,120 S.F. reflecting <br /> $1.85 per S.F. <br /> 2. 638 E. North Street @ Morgan Street - Reported sold in 1985 for <br /> $17,500. Reported sale of vacant industrial land of 12,460 S.F. <br /> reflecting $1.40 per S.F. <br /> 3. 1853 N. Railroad Avenue - Reported sold in 1984 for $10,000. <br /> Reported sale of industrial land with improvements that would <br /> have to be removed of approximately 12,000 S.F. reflecting <br /> $0.83 per S. F. <br /> 4. 902 - 4 E. Wood Street - Reported sold in 1984 for $14,000. <br /> Reported sale of commercial land of approximately 14,560 S.F. <br /> reflecting $0.96 per S.F. <br /> 5. 130 W. Cerro Gordo Street - Reported sold in 1981 for $50,000. <br /> Reported sale of industrial land that was fenced surfaced and <br /> small building and reflects $1.30 per S.F. overall to land. <br /> CONCLUSION <br /> We considered the 5 sales and adjusted to subject location and adjusted <br /> they indicated a range in value from $1.00 to $1.40 per S.F. The most <br /> similar sales indicate a value of $1.20 per S.F. <br /> It is our opinion the utility to the recipiant of the vacation would <br /> be reduced 507 by the easements as reported. <br /> Therefore: <br /> Estimated Value $1.20 S.F. x 50� _ $0.60 per S.F. <br /> Estimated Area 30,400 S.F x $0.60 S.F. _ $18,240 <br /> Estimated value to the recipiant of the vacation, as of the date of <br /> inspection, namely, January 31, 1986, was <br /> Eighteen Thousand Two Hundred Forty Dollars <br /> ($18,240.00) <br />