Good Afternoon- Thank you for the detailed memo of 11/28/2016. I appreciate the opinions, and have weighed them against the report. Let me start by apologizing for the typographical error in the prior sale boxes. This has been corrected, and now agrees with the statement made in the prior sale section, that the subject has not transferred in the prior three years. If I may, I will address the other concerns as individually as possible, for clarity: Comments relating to the description of the property: 1. GLA - There is a comment in the supplemental addendum that explains this as an error on the part of the assessor, which was confirmed by the assessor’s office. The assessor has assigned additional square footage to a finished attic area that …show more content…
3 Old Witch Court is on a quiet side street with superior exterior ornamentation, landscaping, and quality and condition of finishes as compared to the subject and was not considered by this appraiser to be more comparable than the sales chosen. 3. 5 Dancing Bear is a well done contemporary with full utility of almost 4 acres and is not considered by this appraiser to be comparable to the subject. 4. 2 Old Field Rd is not listed as a sale on the Fairfield County MLS. It has been marketed since 2015 as both a rental and a purchase opportunity. The most recent purchase opportunity was originally listed as $1,099,000 and saw a price reduction to $995,000 before being cancelled, and closed as a rental for $4800 on 11/2/2016. Additionally, this property is similar in exterior appeal, however, is on a side road with some superior updates and was not considered to be more comparable than the active listings chosen for the report. 5. 8 Little Brook Rd was not considered in the valuation due to the differences in appeal. This property is sited on a cul de sac, with a stream running through the lot, superior landscaping, and a finished walk out basement area. It is not considered by this appraiser to be more comparable than the sales chosen for the original
The following written response in relation to these recommendations will outline which measures the developer will and will not be implementing with justification.
AmeriSouth argued that cost-segregation study allocates $65,381 of Garden House's depreciable basis to “site preparation and earthwork,” depreciable over 15 years as a land improvement is allowable because it is a “site development,” but nowhere does it describe what work is included in this category. On the other hand, the Commissioner's expert claims that work papers show the expenses relate to the initial clearing and grubbing (i.e., tree removal) of the land which occurred before the apartments' construction in 1970.
Employees will avoid any action, whether or not specifically prohibited in the personnel policies, which might result in or reasonably be expected to create an appearance of: Using public office or public position for private gain.” To show, Lou Vaughn violated this section of the Employee Handbook, which she was enabled by Angelic Sutherland. According to the recorded Cash Sale docket dated July 31, 2012 and timed at 9:57 am, Lou Ellen Parsons Vaughn sold the property depicted as Lot 378 located in Section 27 and 35, Township 13S, and Range 18E to Reve,
In 2003, Tolman Sr. retained Grenier to assist in the sale of his property located at 175 Central Street, Georgetown, MA. Tolman Sr. purchased the land in 1960, and in 1996 he granted an easement on the property to a neighbor in order to “use, maintain, and repair an existing” septic leaching field on his property. The property has many issues as a result of this septic system and its lack of inspection of, as well as its proximity to conservation and wetlands. It appears that Tolman Sr. had been trying to sell this piece of land since at least 2003, and even received an offer of $215,800 from one prospective buyer in 2006; however that sale fell through when Tolman Sr. could not agree on the terms of repayment with the buyer.
The current assessed value of the property is stated at $400,000, however with the improvements to be made by the current owner, there is a projected value of $500,000. However, with Mr. Alexander making the improvements to the property himself, along with the average rents in the area increasing, the value is now projected to be worth $562,500 a 12.5% increase.
According to the calculation of Laflin in year five, NOI is $216,784. At a 10% cap rate the property is worth $2,167,840. My adjusted calculation yields a valuation
An old home sat on what is now Lots 32-33. The Browns kept horses on the east side of the property. Located nearby was a circa-1951 horse barn and a water tower for the citrus groves. Mr. Brown also dug out a large pond near clumps of cypress trees.
Should you need to clarify our conclusion or should you have more questions, do not hesitate to contact
BEING the same premises conveyed to the Grantors herein by deed of Mo Wells, et al., dated May 3, 1964, and recorded in the Lackawanna County Recorder of Deeds in Deed Book 810 Page 233.
This particular property is one of the most unique places you can find in southern Indiana. The ranch is approximately 120 acres in size and has a 25 acre, 9-hole par-3 golf course that is surrounded by a grape vineyard that sits closer to the main lodge on the property. There are four main facilities on the property total. These facilities include a main lodge which is a fully restored and
I found that the median list price in the “Westside Connection” neighborhood to be $123.00 per square foot. I then took this amount and multiplied it by our subject house, which is 1,176 square feet. This amount was then multiplied by 5% to find the depreciated value of the house. The average cost of the land in this neighborhood was previously calculated to be an additional $22,000. Plus the landscaping and other miscellaneous improvements to the site are estimated to be $1,000.
The five existing parcels currently contain single-family residences, Detached garages, Barns and sheds consisting primarily of grazing land. The project plans to develop the property into a 79-single-family residential lot Conservation Subdivision in accordance with Sections 4.10.6 and 6.4.4 of the Sarasota County Zoning Code.
The property will then be converted to a residential and a commercial building located in 3504 13th Avenue. Her house situated in 2000 block of Elphinstone. “I think it would be very wrong to demolish it,” she said.
This memo will explore the options I briefly discussed in the previous memo, in order to find a solution to this problem. Each option will be assessed based on the same criteria. The options to consider are:
Park Terrace comprises listed terraced houses constructed in 1869. Property numbers 32 and 36 have undergone redevelopment since the 1980s. Property numbers 30 and 34 are in a dilapidated condition.