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Sates Co paiison Arn roach <br />This approach is based on the principle of substitution; that is, the value of the property is governed <br />by the prices generally obtained for similar properties. In this approach, various sales of similar <br />properties are compared to the subject and adjusted for the major differences. They were compared <br />on a price per square foot (PSF) basis, which is a commonly quoted indicator between the <br />participants. The motivation for purchasers in this type property is usually from individuals desiring <br />their business location or ftom investors looking for a long term project. The most recent similar <br />sales uncovered by our market research are detailed on the following pages and compared to the <br />subject in the grids that follow. <br />Sale 1 <br />Location: <br />1855 N. Main, Paris, TX <br />Grantor: <br />Bratcher Rental Properties, LLP <br />Grantee: <br />Bart Chadwick, et ux <br />Date of Sale: <br />04/07/21 <br />Recording: <br />WD#18724-2021 <br />Size: 0.98 acres <br />Zoning: Light Industrial <br />Sale Price: $89,500 <br />SP per Unit: $2.10 PSF or $91,327 per acre( R) <br />Financing: Cash to seller; note to Gary Nash <br />Verification: Realtor - Bryan Glass/MLS #34402/Lamar Co. Records <br />Comments: A rectangular, open interior lot with 150.58' of angled fiontage along the west <br />side of North Main and about 326.45' of maximum depth along the not line. It was 137.12' wide <br />across the rear and had about 280.73' of depth along the south line. The site was level, on grade with <br />the city street & drained east to North Main. None of the site was within the 100 year flood plain and <br />it had access to all city utilities. Assessed at $80,680 at the time of sale. Listed for $89,900 and <br />placed under contract after 128 days and sold with a total exposure of 218 days. <br />PAT MURPHY & ASSOCIATES 12 <br />