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Agenda Packet
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12 - DECEMBER
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12-09-2024
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Agenda Packet
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Sale 2 <br />Location: 304 N. Main, Paris, TX <br />Grantor: Sarah Marie Faber <br />Grantee: Michael L. Blackburn & Roger Cody Bowen <br />Date of Sale: <br />Recording: <br />Size: <br />Zoning: <br />Sale Price: <br />Seller Participation <br />Adj Sale Price: <br />SP per Unit: <br />Financing: <br />06/14/21 <br />WD4182826-2021 <br />22,861 SF <br />Central Area <br />$72,000 <br />-2,000 <br />$70,000 <br />$3.06 PSF ( R) <br />Cash to seller <br />Verification: Buyer/MLS#34223/our files/ Lamar Co. Records <br />Comments: This was a rectangular, open corner lot with 79' of frontage along the east side <br />of North Main; 185' along the north side of Pine Bluff plus 30.8' and 19.5' in the site flares; about <br />88' along the west side of I" NE; and 230' along the north line. It was improved with an old masonry <br />building that was originally built as a service station but had been enlarged with numerous metal <br />additions and canopies and was used as a tire store for many years. The old gas tanks were reportedly <br />filled with sand. The buyers paid $2,000 for an asbestos study and were reimbursed by the sellers. <br />Assessed at $68,680 in 2020. Listed for $92,500 for 322 days. It was purchased as a land sale for a <br />new car wash. The estimated to cost to demolish the existing improvements was about $16,500. <br />Thus, the total adjusted sale price was about $86,500, or $3.78 PSF.. <br />Sale 3 <br />Location: <br />891 Clement Road, Paris, TX <br />Grantor: <br />Exum Properties, LLC <br />Grantee: <br />Distinguished Property & Investments, LLC <br />Date of Sale: <br />04/14/2022 <br />Recording: <br />1#192751-2022 <br />Size: <br />22,781 SF or 0.523 acres <br />Zoning: <br />Commercial <br />Sale Price: <br />$55,000 <br />SP per Unit: <br />$2.41 PSF or $105,167 per acre ( R) <br />Financing: <br />Cash to seller <br />Verification: Seller/MLS#35464 /Lamar Co records <br />Comments: This was a rectangular shaped coiner lot with about 104.5' of frontage on the <br />north side of Clement Road and about 218' along the west side of Stillhouse Road. It was mostly <br />open and fairly level with a gentle slope to the north. It had access to all city utilities and was not in <br />any flood plain. It was listed for $60,000 for 233 days. The contract was contingent on getting <br />approval to change zoning from Commercial to Multi -Family. It was assessed with a market value <br />of $5,250 in 2021, which is $0.23 PSF. Buyers improved it with three small duplexes. <br />PAT MURPHY & ASSOCIATES 13 <br />
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