- 18 -
ZERO % Functional and External Depreciation-BOTH BLDGS
TOTAL DEPRECIATED VALUES--BOTH # 1 & #2= $ 950,000 PLUS
depreciated values for the Storage Shed, Chain Link
Fence and Sanitary Sewer System - $ 40,000
IMPROVEMENT COSTS...$ 990,000 LAND...2.0435 ACRES...
$ 35,000 (2.0435 acres @ $17,000 acre)
TOTAL COST OPINION OF VALUE-$1,025,000
* * * * * * *
PUBLIC RECORD VALUES
From the Sandusky County Auditor’s Office in Fremont[,]
OH-December 1999[.] AUDITOR’S TRUE VALUES of the
Subject BUILDING # 1 built in 1958 and remodeled in
1994. AUDITOR’S COST NEW @ $ 34.74 sf. 11,664 sf. LESS
82% Physical Depreciation= $ 73,000 ($ 405,000 less
82%)
**************************************************
AUDITOR’S TRUE VALUES of the Subject BUILDING # 2 built
in 1998. 3,600 sf. @ 38.86 sf. LESS 5% Physical Depre-
ciation= $ 139,900 ($ 140,000 less $ 7000)
**************************************************
AUDITOR’S TRUE VALUES of the Subject Driveways and
Parking Areas 25,000 sf. @ $1.50 sf. LESS 13% Physical
Depreciation= $ 32,500
**************************************************
NOTE: The Storage Shed with 120 sf. and the private
Sanitary Sewer System were NOT INCLUDED in the AUDI-
TOR’S TRUE VALUES
**************************************************
IMPROVEMENT TRUE VALUES= $ 245,400
**************************************************
AUDITOR’S TRUE VALUES of Subject LAND of 2.0435 acres
$ 30,000 or $ 14,680 per Acre
TOTAL IMPROVEMENTS and LAND $ 275,000
Page: Previous 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 NextLast modified: May 25, 2011