RES 109 Draft 01 1992-1994 - Laserfiche WebLink

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MARKET DATA USING THE DILMORE TABLES VACANT LAND SALES Days Time Location Developmental Adjusted On TMK# Sale Date Price Size Net After Terms Adjustmt & View Potential Price Per SqFt Zoning Mkt (Sqft) 1) 2-2-10:6 12/6/91 $305,000 13,220 $23.07 1.00 .50 .10 $1. 51 CG-7.5 80 2) 2-2-10:2 02/6/91 $175,000 8,667 $20.19 1. 00 .50 .10 1. 01 CG-7.5 N/A 3) 2-3-16:33 OS/20/91 $155,000 10,544 $14.70 1.00 .60 .10 .88 CO-20 N/A 4) 2-2-19:48 04/16/91 $275,000 14,830 $18.54 1. 00 .50 .10 .92 CG-7.5 N/A 5) 2-4-25:14 11/22/91 $245,000 18,790 $13.04 1.00 .50 .10 .94 CG-7.5 N/A 6) 2-2-53:5 10/30/90 $399,000 30,000 $13.30 1. 00 .50 .10 .67 CG-7.5 N/A 7) 2-2-9:56 11/13/92 $335,000 20,090 $16.67 1.00 .50 .10 .83 CG-7.5 N/A 8) 2-2-8:18 05/09/91 $360,000 34,416 $10.46 1.00 .50 .10 .52 CG-7.5 N/A 9) 2-2-9:21 10/16/90 $ 70,000 7,798 $ 8.98 1.00 .60 .10 .45 CG-7.5 N/A 10) 2-2-8:6 03/25/91 $165,000 5,376 $30.69 1.00 .50 .10 1.54 CG-7.5 N/A 11) 2-2-8:7 08/25/92 $ 85,000 3,715 $22.88 1. 00 .50 .10 1.14 CG-7.5 N/A 12) 2-2-8:8 02/09/90 $ 94,000 6,889 $13.64 1.00 .50 .10 .68 CG-7.5 N/A 13) 2-2-8:9 03/23/93 $125,000 5,625 $22.22 1.00 .50 .10 1.11 CG-7.5 N/A 14) 2-6-15:25 04/05/93 $ 60,000 6,285 $ 9.54 1.00 1. 00 .10 .48 RS-7.5 N/A SUBJECT PROPERTY: TMK: (3) 2-6-7:5 LOT SIZE: 2,518 SQ. FT. ZONING: RM-1.0 Mean - $0.88 Median - $0.88 Standard Deviation +/-1.05 Estimated Nuisance Value = S2.215 As of June 3, 1993 Note: By using the Gene Dilmore Tables published in the May-June, 1976 issue of "The Real Estate Appraiser", I was able to determine the fair market value of the subject property. Mr. Dilmore states, "The tables and formulas reflect the trend of size adjustment, other things being equal, and reflect it in a continuous curve, and, therefore, do not account for quantum jumps in utility, such as occur, for instance at various breaking points in size."