1978-04-17 Regular Meeting - Laserfiche WebLink

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GRAHAMCONSULTANTS ONE ALLEN"CENTER, SURE 1000 HOUSTON; TEXAS 77002 OFFICE (713) 759-0965; NIGHT (713) 422-2327 OTIS GRAHAM, AFLM April 10, 1978 City of La Porte 75 1 DOROTHY GRAHAM, GRI La Porte, Texas 7 7 Gentlemen: As you requested, I have appraised the 16 ft. alley in each of Blocks 796, 825 and 832, City of La Porte, Harris County, Texas. The purpose of this appraisal was to estimate the Fair Market Value of said property. In my opinion the highest and best use of the Subject tracts ofland is light industrial and/or commerical. It is my opinion that the property appraised has -a Fair Market Value -as of April 10, 1978 as follows; Block 796: . 16' X 400'=-6,400-s/f @ $0.40 s/f-.= $2,560.00 Fee Value Easement Value: 75% of Fee Value = $1,920.00 Block 825: - - 16' X 400'- = -6,400 s/f @ $10..40 s/f $2,560.00 Fee Value Easement Value: 75% of Fee Value = $1,920.00 Block 832: 16' X 400' = 6,400 s/f @ $0.40 s/f = $2,560.00 Fee Value Easement Value:-75% of Fee Value = $1,920.00 Value- o-f ..the, three tracts_ _ . $.7. -jeZ N-. 00. Total Easement- Value of the three tracts- _ $5,760-.00 Certification: I hereby certidy that I have personally examined the. _ property appraised; that the statements contained in this appraisal and upon -which the opinions expressed herein are based are true and correct to the best of my knowledge and belief, subject to the limiting con- ditions herein set forth; that to the best of my knowledge and belief no pertinent information has been overlooked or withheld; and that I have no inter- est either present or contemplated in the property appraised or in the proceeds to be derived therefrom. The attached Plats, Appraiser Qualifications and Contingent • & Limiting Conditions are made a part hereof. Respectful y s bmitteedd,_ _ Otis Graham, AFLM Appraiser