- 15 - B only. Once the value of parcel B was determined, Dilmore used parcel B as the sole base property in determining the value of parcel A. The results of Dilmore's analysis can be summarized as follows: FMV of Decedent’s Parcel FMV per Acre FMV of Parcel 50% Interest A $100,000 $6,800,000 $3,400,000 B 179,000 1,790,000 895,000 b. Young's Appraisal Young furnished the results of his appraisal to Agee on June 10, 1988. Unlike the letter appraisal prepared by Dilmore, Young prepared a lengthy formal report. Young conducted a highest and best use analysis and concluded that the highest and best use of both parcels of trust property was commercial in nature. Young performed a comparable sales analysis using six real property sales all of which preceded the date of decedent's death. The 6 properties used by Young were among the 12 properties used by Dilmore in his appraisal. Each comparable sale property used by Young consisted of commercial property and was located in the vicinity of Highway 280 and both parcels of trust property. In arriving at his conclusions, Young's analysis involved making adjustments to the comparable sale properties for numerous factors, including location, frontage influence, corner influence, zoning, and utilities. The comparable sale propertiesPage: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Next
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