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... Page 3.... <br />The Highest and Best Use of the subject property is determined to be for use either <br />for a street right of way, however it may have an alternative use by adjacent <br />property owners (assemblage) due to its configuration. The client and intended <br />user of this appraisal is the City of La Porte only. The intended use is to estimate <br />the current market value of the subject property of this analysis as described above <br />for use in establishing a market value for the subject property by the client. There <br />has been no transfer of the subject property noted for the past 36 months per <br />appraisal district records. The effective date of the appraisal is September 20, <br />2021 and last site inspection is September 20, 2021. The date of the report is <br />October 4, 2021. The estimated exposure time is up to 24 months. <br />Other sales of generally similar properties in the subject neighborhood were <br />researched that had locations that range from primary to secondary type roadways. <br />A unit value range of between $0.95 PSF to over $4.00 PSF was noted. After <br />adjustments, it is my opinion the estimated unit value range for the subject <br />property would be a unit value of $2.00 PSF. <br />Therefore the unit market value of the subject tract is estimated at $2.00 PSF or <br />a total of $38,000, which is based on i00% fee simple ownership with <br />no discounting applied for use as a public right of way. <br />Respectfully Submitted, <br />Chris Chuoke, President <br />R.C. CHUOKE & ASSOCIATES, INC. <br />