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old improvements that were razed by the buyer, but it had. fairly similar utility other than it was not in the flood plain. Discarding the highest value, which was Just over $3.00 PS.Fand well above the raw and adjusted values for- all the other sales an(] discarding sale 5, the lowest value, left three sales that ranged .ftom $2,19PUto,'.-2.22to2,58 P SF with two in the center aro uknd $2,20 P,SIF, Considering the s u -t -)j ect7 s location and physical characteristics, most notably 'the SiZC, DUTOW width and flood plain, the center of the :range was given most weight. Consequently, the subject's eslitnatedrnark.et value frorn t1le sales c(.-.).mparison technique was about $2.25 PSF, or in round figure,,.->, $26,000 pri diction and Phial Value Estimate in this appraisal, the subject was valued using the sales comparison approach in vWlrnch five sales of sin.tilar sized tracts from the subject's neighborhood and competing neighborhoods in the city were compared to the subject on a price per square fc)ot basis, This approach, estimated the value of the fee simple estate al: $2°25 PSF from an overall range of raw sale prices that varied from about $1,59 PSF to $3.06 PST',. The sales were reliable and similar in potential highest and best use. The weakiiess in. the approach was the lack of recent sales of extremely naiTow lots in the North Main strip, Nevertheless, the sales comparison approach produced a reasonable value estimate that was within the raw range and. in the center if the adjusted range in unit values. Consequently, it was given :l=ull. weight, and our opirdon of the rnark-.et value of the .fee simple estate in the subJect under the extraordinary assumption previously discussed, and as of February 24, 2024, was TWENTY SIX THOUSAND DOLLARS ($26,000) PAT MURPHY & ASSOCIATES 18