Laserfiche WebLink
BETTENDORF ROHRER KNOCHE WALL,INC. <br /> RECONCILIATION <br /> ' Value Conclusions <br /> Cost Approach: Not Applicable <br /> Income Approach: Not Applicable <br /> Direct Sales Comparison Approach: $150,000 <br /> The Cost Approach and Income Approach are not considered applicable and were not <br /> pp PP <br /> ' employed in the appraisal. Full weight in the appraisal of the subject property was placed upon <br /> the Direct Sales Comparison Approach. <br /> The subject land area consists of raw acreage which has been platted into eight single family <br /> lots. Lot 58 is the only platted lot which has direct access on a public road. The remaining <br /> seven platted lots are contained within 10.19 acres of raw acreage. For purposes of analysis, <br /> ' several sales of raw acreage were analyzed to estimate the market value of the 10.19 acres of <br /> subject raw acreage. Several sales of single family lots in Orono were secured and analyzed to <br /> ' ascertain a reasonable indication of the market value of Lot 58. The analysis resulted in the <br /> following value conclusions. <br /> ' 10.19 acres (undeveloped) $107,000 <br /> 1.06 acres (Lot 58) $ 41,000 <br /> $148,000 <br /> Rounded to $150,000 <br /> ' Based upon an analysis of the best available market data, it is our opinion that the market value <br /> of the subject property as of May 18, 1996 can reasonably be estimated as follows: <br /> ONE HUNDRED FIFTY THOUSAND DOLLARS <br /> ($150,000) <br /> I60 <br />