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SUBJECT PROPERTY HISTORY
<br />Owner of Record: City of La Porte
<br />Source of Subject Property Ownership: Client Limited Title Report Tax Records Appraiser Research
<br />OtherDescription of (other):
<br />Subject Property Sale Within Prior Three (3) Years: Yes No
<br />Description and analysis of sales within 3 years (minimum) prior to effective date of value or other pertinent subject
<br />property history: There are no known market transactions involving the subject property within the past three years.On
<br />May 4, 1979, City of La Porte acquired a 25% interest in 18.378 acres of the subject property from William E. Stiles, as
<br />Trustee for the William E. Stiles Trust as recorded under Document No. G092635 of the Harris County Deed Records. On
<br />May 4, 1979, City of La Porte acquired a 25% interest in 18.378 acres of the subject property from Lucy Bell Cobb as Trustee
<br />for the Lucy Cobb Trust as recorded under Document No. G092633 of the Harris County Deed Records. On May 15, 1979,
<br />City of La Porte acquired a 25% interest in 18.378 acres of the subject property from Emily Bess Cathey as recorded under
<br />Document No. G092632 of the Harris County Deed Records. On May 15, 1979, City of La Porte acquired a 25% interest in
<br />18.378 acres of the subject property from Ruth Stiles Oberg as recorded under Document No. G092634 of the Harris County
<br />Deed Records. On December 3, 1986, City of La Porte acquired 8.072 acres of the subject property from Ben J. Fortson,
<br />Trustee of the Mattie K. Carter Trust as recorded under Document No. K867743 of the Harris County Deed Records. The
<br />details and consideration of these transactions are unknown.
<br />Subject Property Currently Listed for Sale: Yes Not believed to be
<br />Description and analysis of agreements of sale (contracts), listings, and options:
<br />SUBJECT PROPERTY TAX INFORMATION
<br />Tax Account ID Number(s): 0240720560002, 0240720570001, 0240720570002, 0240720580001, 0440510000055,
<br />0440510000076, 0440510000086,
<br />*It is noted there is a slight discrepancy between the size of the subject property indicated by the limited title certificate
<br />and deed records and the size indicated by the Harris County Appraisal District. The property is owned by the City of La
<br />Porte and does not have an assessed value.
<br />Total Land Size as Indicated by Appraisal District: 27.08 acres (1,179,722 SF)* Tax Year: 2019
<br />Total Value: $0 Land Value: $0 Improvement Value: $0
<br />Indicated Per Unit Value of Land: $0 per acre ($0.00/SF)
<br />MARKET AREA ANALYSIS
<br />Location: Urban Suburban Rural
<br />Market Area: Harris County, City of La Porte
<br />Market Area Description and Characteristics: The subject is located within the city limits of La Porte in Harris County, Texas.
<br />Harris County is part of the Houston-Woodlands-Sugar Land Metropolitan Statistical Area (MSA), which has a population of
<br />6,997,384 people (2018 estimate). Harris County contains approximately 1,703.48 square miles and is located in southeast
<br />Texas. Harris County is bordered by Montgomery County to the north, Galveston County, Brazoria County, and Fort Bend
<br />County to the south, Waller County to the west, and Liberty County and Chambers County to the east. Harris County consists
<br />primarily of urban and suburban areas and contains rural land in the northwestern portion of the county. The city of Houston
<br />is the county seat of Harris County. Harris County has a population of 4,525,519 (2017 estimate), an increase of 10.58
<br />percent since 2010 (4,092,459 persons), compared to a 12.6 percent overall state growth during the same time period. La
<br />Porte has a 2017 population estimate of 35,216 people, an increase of 4.19 percent since 2010.
<br />La Porte is the fourth-largest incorporated city in Harris County. La Porte contains approximately 18.63 square miles and is
<br />located in eastern Harris County, approximately 35 miles east of Houston on the west bank of Galveston Bay, and just south
<br />of the Houston Ship Channel.
<br />Major roadways in the area include State Highway 225, State Highway 146, West Fairmont Parkway, Spencer Highway, and
<br />Sens Road. Properties in the area primarily consist of light industrial and heavy industrial with scattered commercial uses
<br />and some small residential developments.
<br />The neighborhood is considered to be the city of La Porte in Harris County, Texas and the immediate areas in close proximity
<br />to the subject. La Porte is located adjacent to three major economic hubs: the Bayport Industrial District, the Battleground
<br />Industrial District, and the Barbours Cut shipping terminal. The major industries within La Porte are
<br />petroleum/petrochemicals and shipping. Other industries in the area include aerospace technology, medicine, and
<br />computer related technology.
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<br />Allen, Williford and Seale, Inc. Page 4
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