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• s <br />~.-_ <br />I <br />,,... - <br /> <br />REAL ESTATE APPRAISERS CONSULTANTS <br />613 - 7TH AVENUE NORTH (P. O. BOX 2277 TEXAS CITY, TEXAS 77590 <br />TEL. i 71 3~ 945 - 3384 332 - 1 51 1 332 • 1744 486 - 5566 <br />July 12, 1383 <br />h1r. John S. Kiibler, Jr., Trustee <br />P.0. Box "K" <br />La Porte, Texas 77571 <br />Re: Peal Estate Appraisal on: <br />The closing of the alley in Block 11?_3, <br />La Porte, Harris County, Texas. <br />Dear ~~ir . K i i b l er, <br />As you requested, vre have inspected and appraised the above <br />r~cntioned property. <br />The objective of this appraisal is to estimate the market <br />va I ue of the sub Ject property. Market VG I ue may be defined <br />as: <br />"The amount of money that a person desiring to <br />sell, but not bound to do so, could, within a <br />reasonable time, procure for such property from a <br />person who desires and i s ab 1 e to buy, but i s not <br />bound to purchase the property. <br />It is the amount that could be obtained at private <br />sale and not at a forced sale or auction sale." <br />(4_Jest Texas HQte I Com~an~,_y~,E•j-_PasQ, e I at 83 SW <br />2nd 772) <br />It is our opinion that the subject property has a market <br />value, as of July 7, 1983, of: <br />SIX TIiOUSAND FOUR HUiJDRED DOLLARS <br />($6,400) <br />~" ~l <br />', <br />~~ <br />r `~ <br />~,:~,..:a - ~ <br />r y <br />~ ~ rn~tirv, M.o,.i. <br />i <br />