Laserfiche WebLink
City of La Porte <br />in a small area on the southeast corner of the identified zone. In terms of <br />sales, Sale 15 was located in this zone and had a sales price of 0.96 PSF. Also, <br />Sale 14- $3.75 PSF and Sale 18 - $0.67 PSF which were located in Zone 11 <br />were considered to be comparable to Zone 7. <br />wT. <br />ZONE 9 <br />Zone 9 is located in the southeasterly regions of La Porte. This zone is located <br />west of Galveston Bay, south of Fairmont Parkway north of McCabe Road and <br />east of State Highway 146. Property usage in this zone is primarily residential <br />with some commercial usage along South Broadway and State Highway 146. <br />Some special purpose uses in this zone included a golf course as well as <br />Galveston Bay frontage. The unit market values identified in this "zone" were <br />Sale 13 at $1.14 PSF and Sale 19 at $1.27 PSF. Sale 20 was located just north <br />of this zone in Zone 10 and were considered comparable. These tracts had unit. <br />r, <br />values of $2.11 PSF and was a pending sale. <br />Cam*aiaw. This limited scope study involved the review of comparable land <br />sales in the overall La Porte area marketplace. The majority of the sales noted <br />in this analysis were generally under 10 acres in size. Naturally the sales <br />located on the major roadways had higher unit prices than interior roadways <br />and these sales were used as upper market indicators. Per our discussions, it <br />is assumed that some of these potential size would be obtained from project <br />developers who have sites which lend themselves to park sites or other <br />"institutional" uses which might augment their particular development plan. <br />It is assumed that these potential "institutional" sites would have reasonable <br />access, frontage, shape and existing utility infrastructure aspects in place. <br />V <br />