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. g <br /> 130U P� h�on roe St <br /> �ecatur, Ill <br /> Quoting from letter issued to Mr. Robert Musgrave, January 30, 1986, <br /> by Robert A. McQueen, Planner, Department of Community Development, <br /> (City of Decatur) "Staff will further recommend that no vehicular <br /> access to this tract be granted from either Monroe Street or Grand <br /> Avenue and that no buildings be permitted thereon except a private <br /> garage to be used as an accessory building to the adjoining <br /> residential lot". <br /> With this restriction, the only feasible use of this site would be to <br /> sell to an adjoining owner for use either for open lot area or for <br /> devel opment of a garage. <br /> VALUE <br /> There are three generall� accepted approaches to appraisal <br /> probiems, the cost, income, and market data. In this instance only <br /> the last is considered for the concern here is for land. <br /> A survey was made for sales of similar sites in the Decatur market. <br /> The following were considered pertinent: <br /> Comparable Land Sale #1 <br /> Address: 1219 �Jorth Jordan Street <br /> Sale Date: October 1985 Price: �a500 <br /> Brief Legal : East 1/2 of Lot 5 of 4Jhite and Broehl 's Add <br /> Grantor: Henon Grantee: Jones <br /> �ook: 2190 Paye: 445 <br /> Zoning: R-3, Sinyle Family <br /> Jimensions: 56 ' x 130' = 7,280 SF <br /> Price Per SF: $.G7 Price Per FF: $8.93 <br /> Comments: Located 149.55 ' south of Grand Avenue on the west <br /> side of Jordon Strzet. <br />