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03-03-1996 WS
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03-03-1996 WS
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Last modified
1/28/2025 4:46:43 PM
Creation date
6/19/2018 8:08:37 AM
Metadata
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
3/3/1996
Supplemental fields
City Council Document Type
City Council Packets
Date
3/3/1996
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The subject property has been valued as if vacant and was compared to the six land sales listed <br /> and discussed on the previous pages. Prior to adjustments for items of difference, the prices per <br /> square foot ranged from $.48 to $1.96. <br /> T`ATISTICAL A.N.ALYSIS€ F OMP LE LAND SSS 1 <br /> Sample Size 6 Mean $1.36 <br /> Range $.48 to $1.96 Median $1.42 <br /> Sample Size 6 Mean $.81 <br /> Range $.53 to $1.26 Median $.79 <br /> ONCLUS�( l $.80 per square foot <br /> After adjustments for items of differences, the range in adjusted sale prices of the foregoing <br /> properties is from $.53 to $1.26 per square foot. After analyzing all of the foregoing data and <br /> recognizing the size, location, and utility of the site, we have concluded that a value of$.80 per <br /> square foot reflects the current market attitude for the subject site. <br /> The subject site has 407,957 square feet X $.80 per square foot = $326,366 <br /> Say $330,000 <br /> THE INDICATED LAND VALUE IS: $330,000 <br /> 410 <br /> -49- \ <br />
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