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<br />• <br /> <br />~nclror fealty <br />ROSA JOHNSON <br />~~~::`-'. ,. BROKER <br />~'~ ~1~ "~"~, -~ 513 PARK <br />-~ REA~TORm <br />yM~~ <br />. ,. ~,,~ BAYTOWN, TEXAS 77520 <br />TELEPHONE 424-4575 <br />• <br />LA PORTE OFFICE: Fairmont Parkway at S. Second <br />La Porte, Texas 77571 <br />PHONE: (713) 471-9503 <br />Mr. and P~Zrs. Carl W. Lyons <br />La Porte, Texas 77571 <br />CERTIFICATE: For Fair Market Value <br />We hereby certify that we have analyzed the property described <br />as: <br />A tract of land being approximately 25/ x 111.06', <br />said land lying between Block 1 and Block 2, of <br />CRESCENT SHORES ADDITION, and adjoining the East <br />property line of Lot 7 in Block 2 of said Addition. <br />It is further described as being a portion of <br />land forming a point of intersection with the <br />East end of Edgewood Avenue where it intersects with <br />Crescent Drive. <br />The purpose of this appraisal is to estimate the market value <br />• of the subject property. Market value is defined as the high- <br />est price estimated in terms of money which a property will <br />bring if exposed for sale in the open market allowing a <br />reasonable time to find a purchaser who buys with knowledge of <br />all the uses to which. it is adapted and for which it is <br />capable of being used. <br />It is our opinion that the fair market value of said property <br />as of October 16, 1980 is: <br />NINE HUNDRED SEVENTY-ONE AND 78/100 DOLLARS ($971.78) <br />75% thereof is $728.83. <br />We further certify <br />future interest in <br />this appraisal. <br />that we have no present or contemplated <br />the property appraised or the result of <br />.~ <br />Ro a Z. o bker <br />Pam Brieden <br />~~ ~ <br />Faye Rollaway <br />