Laserfiche WebLink
BETTENDORF ROHRER KNOCHE WALL,INC. <br /> Analysis Of Raw Acreage Comparable Sales - Continued <br /> Raw Acreage Valuation Summary <br /> The adjustments to the comparables sales indicate a range of subject value per acre from <br /> $8,163 - $12,200. In our opinion, a value for the subject raw acreage of 10.19 acres is <br /> ' reasonably estimated at $10,500 per acre. The subject should have a lower value/acre than the <br /> other comparable sales given its unique locational and physical characteristics, in our opinion. <br /> The foregoing value excludes Lot 58. <br /> 10.19 acres @ $10,500/acre = $106,995 <br /> Rounded: $107,000 <br /> 1 <br /> Listing Comment <br /> In our opinion, the 7.0 acre parcel on Wildhurst presented as listing #5 is overpriced. It has <br /> been on the market for at least 3.5 years with a current quote of$33,571/acre. This land is <br /> ' inferior as compared to Sale 2 on Old Crystal Bay Road which transpired at $23,689/acre in a <br /> better area. The listing also has road access and sewer available on Wildhurst Trail which is <br /> superior to the subject position. <br /> Indicated Market Value of Subject Raw Acreage: $107,000 <br /> VALUATION OF SUBJECT LOT 58 <br /> ' The subject Lot 58 has 130' of frontage on Wildhurst Trail and could be sold as a single lot for <br /> immediate development. The market value of Lot 58 will be estimated based upon an analysis <br /> ' of single family lot sales in the subject market area. On the following pages are presented <br /> several comparable lot sales which are considered to be appropriate for this analysis. <br /> 1 <br /> ' 48 <br />