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the cost of an asbestos study. That reported amount was deducted prior to the comparison in the grid. <br />Marl_cet,..Conditions <br />The sales spanned a period of about 23 months, or almost two years, and the most recent sale <br />occurred almost 12 months prior to the date of value. The overall level of interest and activity in the <br />local real estate market increased from early to mid -2021 through mid -2022, at which point it <br />seemed stabilize. Sales 1, 2 and 3 were adjusted at roughly 1 % per month to July 1, 2022, which was <br />near the point of stabilization. This equated to about +15% for sale 1, +12% for sale 2 and +3% for <br />sale 3. Sales 4 and 5 occurred after the estimated point of stabilization and were unadjusted. <br />Item <br />Subject <br />Sale 4 <br />Adj. <br />_...-. <br />Sale 5 <br />Ad'. <br />Grantor <br />City of Parism� <br />...... n <br />Clardy ma <br />�. <br />Murphy <br />Grantee........NA <br />.m_._ <br />Glover <br />Rodriguez <br />Address <br />1045 N. Main <br />1418-32 Lamar <br />1600 S Church <br />Sales Price � <br />NA <br />$88,900 <br />$19,000 <br />Sale Price/SF <br />NA <br />$2.44 <br />$1.59 <br />� ••--� <br />Imp <br />CV of Im <br />� None <br />N <br />0 <br />None <br />-0- <br />Adj <br />. <br />$2.44 <br />$1.59 <br />Financing.-��..._-.... <br />Mkt. <br />Cash <br />-0- <br />Cash <br />-0- <br />Adj. SP/SF$2.44 <br />$1.59 <br />—Date Sale02/24124 <br />0]/31/23 <br />0- <br />03/01/23 <br />-0- <br />_ <br />J SP/SF <br />_.�._ <br />........_ <br />$2 44 <br />$1.59 <br />_ <br />Location <br />Average <br />Similar <br />-0- <br />Inferior <br />+0.80 <br />SP/SF$2 <br />44 <br />$2.39 <br />Size in SF <br />11,730 <br />36,460 <br />+0.49 <br />11,979 <br />-0- <br />Adj. SP/SF <br />$2.93 <br />$2.39 <br />Utility <br />Shape <br />Rectangular <br />Rectangular <br />Rectangular <br />Topography <br />Level <br />Level <br />Level <br />Terrain <br />Open <br />Mostly Open <br />Open <br />Utility services <br />Full <br />Full <br />Full <br />80' <br />-0.48 <br />Frontage/Width <br />51' <br />138' <br />-0.59 <br />Access <br />Corner <br />Interior <br />+0.29 <br />Corner <br />Zoning <br />Commercial <br />GR <br />C <br />Flood plain <br />o <br />15/o <br />No <br />-..None _ <br />0.44 <br />None..-�- <br />u0.36 _IT. <br />ndicated Value <br />Indicated <br />of Subject <br />$2 19$1._ <br />1 55 <br />....._.� <br />Location <br />The subject had a location that was considered average and was about 10 blocks north of the <br />downtown plaza. Sale 1 was about eight blocks north of the subject while sale 2 was about five <br />blocks south. Both were considered to have similar appeal as the subject and they were unadjusted. <br />Sale 4 was on the interior strip of Lamar; and it was also considered similar. Sale 3 had a side street <br />location about nine blocks east of North Main on Clement Road. It was considered 25% inferior. <br />Sale 5 was on South Church and it was considered 50% inferior, <br />PAT MURPHY & ASSOCIATES 16 <br />