- 17 -
Using PACENET, we have researched EVERY Comparable Sale
in the Four Townships surrounding the Subject AND in
the City of Fremont, for all of 1999 thru October...
WE FOUND NO SIMILAR, CURRENT, PROXIMATE OR APPROPRIATE
COMPARABLE SALES TO THE SUBJECT
* * * * * * *
COST APPROACH
From the current Marshall & Swift Cost Manual for Class
C Schools of Average Construction. The Area Multiplier
is 1.02
**************************************************
Base Cost=$ 72.13 sf. x 1.02 Area Multiplier=
$ 73.57 sqft.
**************************************************
Building # 1 was built in 1958 and then remodeled in
1994. Class C Schools with average masonry construc-
tion have an expected Building Life of 45 years. The
EFFECTIVE AGE of Building # 1 is 10 years. Physical
Depreciation for this Building is 20% using the
AGE/LIFE/CONDITION METHOD
**************************************************
COST BREAKDOWN FOR BUILDING # 1
11.664 sf. @ $ 73.57 sf. LESS 0% Depreciation=
$ 686,500
**************************************************
Building # 2 was built in 1998 and has ZERO% Physical
Depreciation[.] The expected Building Life of a Class
C, average construction masonry School is 45 years.
Building # 2 has an EFFECTIVE AGE of 1 year
**************************************************
COST BREAKDOWN FOR BUILDING # 2
3.600 sf. @ $ 73.57 sf. LESS 0% Depreciation= $ 263,500
**************************************************
Page: Previous 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 NextLast modified: May 25, 2011