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10, 1993.
Glen estimated that 7600 Windsor Oaks and 7592 Windsor Oaks
were worth more than the apartment building because, for example,
the buildings at 7600 Windsor Oaks and 7592 Windsor Oaks both had
exterior lighting and a separate, offstreet parking lot with
designated parking spaces, and each had a two-door communal
entry, which offers more security for tenants. In contrast, the
apartment building did not have exterior lighting, had one door
to each of its four units, had nose-in parking off the street,
and had a significantly smaller parking area than did the parking
lots of 7600 Windsor Oaks and 7592 Windsor Oaks. Glen also said
that 7600 Windsor Oaks and 7592 Windsor Oaks were worth more
because they had larger living areas, two of their four rental
units were larger than the rental units in the apartment
building, they were 2 years newer than the apartment building,
and they had assumable financing.
Glen testified that the average increase in residential
property values in San Antonio from 1991 to 1993 was 21 percent.
Based on Wolff’s estimate that the apartment building was worth
$85,000 in 1991, and Glen’s estimate that it was worth $106,000
in 1993, the value of the apartment building increased by 24.7
percent. This is consistent with Glen’s valuation of the
apartment building.
Glen estimated that 7518 Windsor Oaks was worth less than
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