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BAIRD <br /> APPRAISALS <br /> P.O. Box 665 Captain Cook, Hawaii 96704 <br /> <br /> Ph: [8087 322-2634 Fax: 16061.324-67'16 <br /> February lQ, 2004 <br /> Derinda Thatcher <br /> Clark Realty <br /> 75-5722 Kuakini Hwy #103 <br /> Kailua-Kona, HI 96740 <br /> RG: TMK:375-29-53 <br /> 75-5787 Nele Place, Kailua-Kona, H[ 96740 <br /> 29 sq.ft encroachment <br /> Dear Ms. Thatcher <br /> At your request we completed an appraisal of the raw site of the above referenced <br /> property. The estimated unencumbered fee simple value, free of any site improvements or <br /> existing encroachments is estimated at $190,000 or $19.73/sf <br /> The subject rock wall encroaches into the county right of way- The county has agreed to <br /> an easement within its right of way. The appraisal values the area as a complete taking since the <br /> exclusive use of the area will belong to the subject after the easement. The total area under the <br /> encroachment is 29 square feet. The value estimated per square foot is $19.73/sf x 29 sq.ft. <br /> $572. "therefore, the estimated value of the land area under the subject rock wall within the <br /> county right of way is $572.00. Trust the foregoing outlines our position with respect to the <br /> value of the encroachment area. <br /> Re~spectfullx subi~,irfi~ed, <br /> r,/ <br /> oelle Baird <br /> ESA 545 <br /> 1 i' <br /> %'J <br /> SP. <br /> i <br /> Latry R. Baird <br /> CGA 286 <br /> <br />