- 24 - to the remaining property. First, the appraisal valued the parent tract, the parcel designated folio 3143, before the "taking". Second, the appraisal valued the 4.83 acres of folio 3143 and a barbed wire fence which were taken. Finally, the appraisal valued the remainder of folio 3143 after the taking. According to the Fishback appraisal, the following land sales were comparable to the parcel designated folio 3143: Date Size/ Price Per Price Per Comparable of Sale PriceAcres Dry Wet Gross Acre Dry Acre 1 7/30/90 $360,0009.340 9.34 -- $38,544 $38,544 --29,052 2 6/26/90 285,0009.810 9.81 -- 29,052 --14,100 3 3/13/90 705,00050.000 50.00 -- 14,100 --14,305 41 7/31/89 1,446,783101.13750.50 50.5 28,649 5 12/22/88 1,650,00054.474 53.00 1.474 30,29031,132 62 1/01/88 2,873,500162.700122.00 40.7 17,661 23,553 Listing 1 900,000 67.062 45.702 21.36 13,42019,693 1Same as comparable #1 of the BAAS appraisal. 2Same as comparable #5 of the BAAS appraisal. Based upon the above comparables, the appraisal concludes that the value of the parcel designated folio 3143 was $13,000 per acre or $390,390 (30.03 acres x $13,000). The operative passage of the Fishback appraisal is as follows: The subject has been listed on the open market at $25,000 per gross acre for approximately a two year period. The sale price was based on a 25 acre size and about 10 acres was estimated by the appraisers as environmentally sensitive land. Because of the possible environmental constraints for the unusable areas relative to futurePage: Previous 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Next
Last modified: May 25, 2011