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, <br /> TMK 3- 8- 2 -6 -16 Vacant NonOceanfrnt land Sold 5/6/2005 $560,000 <br /> TMK 3- 8- 2 -5 -13 Sold 10/4/2005 $2,100,000 <br /> 'improvement Extraction: <br /> 864sf x $150 /sf $129,600 <br /> 324sf x $40 /sf $12,960 <br /> 315sf x $25 /sf $7,875 <br /> 864sf x $10 /sf $8,640 <br /> Total $159,075 <br /> Depreciation:9Years <br /> Marshall & Swift Nrml Depr. /LE 25Yrs 25% <br /> ($39,769) <br /> Depreciated Value of Improvements $119,306 <br /> Site Costs: <br /> Septic, Grading, Utilities $20,000 <br /> Total Contribution of Improvements $139,306 <br /> Oceanfront Land Value $1,960,694 <br /> Ratio of NonOceanfront to Oceanfront 0.28561319 <br /> Current Values: <br /> TMK 3- 8- 2 -5 -31 Vacant OF land Sold 4/30/2010 $1,239,000 <br /> Vacant NonOF land @ 28% $346,920 <br /> All parcels analyzed were approximately 10,000sf lots <br /> No size adjustments were deemed necessary. <br /> Cost figures for Improvement Extraction were taken from appraisers files of 2005 building costs. <br /> Normal Depreciation applied per Marshall and Swift with a life expectancy of 25 years for improvements. <br />