- 8 - the apartment building because 7518 Windsor Oaks had 2,768 square feet and the apartment building had 4,409 square feet, a difference of 37 percent. D. Respondent’s Expert--Kurek Kurek estimated that the fair market value of the apartment building was $139,900 as of August 10, 1993. He inspected the property in May 1996 and March 1999. Kurek testified that 7592 Windsor Oaks and 7600 Windsor Oaks were so similar to the apartment building that no adjustments to their prices were needed. He testified that the greater aesthetic appeal of the apartment building, as compared to the boxlike appearance of 7600 Windsor Oaks and 7592 Windsor Oaks, offsets the amount of any adjustment for the smaller amount of exterior brick and the smaller area for parking. Kurek also said that 7518 Windsor Oaks was not comparable to the apartment building because it was only about half the size of the apartment building. E. Analysis We find that Glen’s and Wolff’s analysis is more reasonable than Kurek’s. Glen estimated that the apartment building at issue was worth substantially more than 7518 Windsor Oaks, which sold for $63,000, because the apartment building at issue was larger. He estimated that it was worth substantially less than 7600 Windsor Oaks and 7592 Windsor Oaks because the apartmentPage: Previous 1 2 3 4 5 6 7 8 9 10 Next
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